Equitics Global Research — fraud company who doesn't know abc of stock market

Address:

Pune, Maharashtra

I have been trading in stocks for quite some time and have seen good and bad days.. In October 2019 I made some losses in future and options trading. I am an avid quora user and I came across a post where there are a few people who had reveiwed Equitics Global research and almost all of them had written positively about them. I then researched a little more and put a request for a call back from Equitics. They did not call me back instantly after my request like most advisory firms do, Infact they called me the next day. The Guy named Siddhartha who spoke very confidently that he believes in building relationship with their customers and there are no free tips he could offer as they are a reputed firm in this line of business If I want to join I would need to pay 27k upfront and my service will be valid until I make a profit of 99k on an investment of 1.75 lac. He even said that the longest time their company took to make a profit of 99k is 71 days usually it is 20 days or a month at max. I did not really want to pay 27k as I know in and out of trading I knew I could make money myself without any help from these so called research companies. After that day I continued my trading, I would win on some day and lose on another but what changed my mind was those constant screenshots of profit booking on whatsapp that Siddhartha used to send every day without fail and they were always profit screenshots and it seemed like they never lose a trade. After much hesitation I thought of taking their plan by paying them 27k. After making the payment there were no signs of exemplary customer service that they claim to offer. They assigned me a RM named Krunal. After waiting for 5 days He gave me my first call with a target but no stop loss and I made a profit of 12180 on that call. Then the next day He asked me to buy GAIL FUTURES at 125.6 again without stop loss and as soon as I bought it, it started going down. I kept asking them for stop loss which they never gave and asked me to hold on to my position after waiting for close to a month and I had to sell it in 58k loss. After that they never gave me a call themselves unless I ask them over whatsapp or call. The rest of the calls were as [censored] as the previous ones and I had lost 1 lac rupees of my investment. Every loss was a lesson that whoever promises you easy money is lying. There is no thing called Easy Money. You have to earn it for yourself. Taking your own calls and losing money will not hurt you as much as you have nobody else to blame but when you are losing money on somebody else's advise you are going to feel miserable about yourself. These guys are Frauds and nothing more than that. They have no research or study on the calls they are giving you because they do not have the brains to analyze the movement of a stock. I can give better calls than these Morons I can do better technical analysis than these guys will ever do. They do not care about giving stop loss to their customers which is one of the most important factors to cut losses and protect your investment. If you want to lose your hard earned money go ahead with these Frauds. I have learnt my lesson the hard way and will never ever recommend these research advisory firms to Anybody. I am now going to file a FIR against them and will try everything I can to get my 27k back. I am going to write a post on Quora to show their true face to people because now I know those boasting posts on quora were from People who were either paid by Equitics or directly/Indirectly work for them. I will do everything in my power to ensure They don't fraud another person who is looking for help/assistance in trading stocks