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FairWealth Securities [FWPL] Complaints & Reviews

2.1
Updated: May 17, 2024
Complaints 26
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11
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15
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FairWealth Securities [FWPL] reviews & complaints page 2

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A
Amin0786
from Mumbai, Maharashtra
Jun 25, 2012
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Address: Ahmedabad, Gujarat

Dear sir,
I started my business in stock market as Authorized person of Fairwealth securities pvt. ltd. on 2ed nov, 2011. I deposited 50,000 R.S. and also paid charges for SEBI registration. For some reason I have closed the business. now I asked company on 16 april, 2012. with sigend letter of franchisee wind up. for refund of my deposite after deducting any bed debt. but there is no bed debt in my any clients account.
After that they asked me for indemnity letter . I also signed that letter and submitted all other documents with it on 5th may 2012. Branch told me within 10 days i will get my money back But still I am waiting for my own money.

please, help me to get back my money from Fairwealth Company.
+1 photos
Mar 8, 2018
Complaint marked as Resolved 
Complaints solved after few month of complaints.
Verified Support
Dec 16, 2015
FairWealth Securities [FWPL] Customer Care's response
Your matter of refund has been resolved on 27.08.2012 with refunded security Amount Rs.46500/-
My full name is Aminmahammad Amirali Punjani. branch code; GAKA.

Refund of Deposit - Comment #1444088 - Image #0
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    K
    kunalchettri
    from Mumbai, Maharashtra
    Jan 9, 2012
    Resolved
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    Resolved

    Address: Howrah, West Bengal

    Dear Mr Tuhin



    With Reference to our discussion I am wrting the fraud done to me by fairwealth



    My Id is WBWBZ42



    My Name is Kunal Chettri



    During Puja last year your person named Tanmoy from Fairwealth had called me for Demat A/c opening and trusting his words I opened A/c

    He also told me that he will make sure I will get some good profits by trading



    I blindly trusted him



    I also gave him an A/c Opening cheque of Rs 25000



    Out of that Rs 5000 I bought share by myself of Rs 5000 approx of Bharti Airtel



    Tanmoy told me that they had bought Futures of Rs 20000 in my A/c



    Every week I asked him he used to tell me that it will take some time but I will earn profit



    Then as the market went down I asked him whats happeing he told me not to worry as It will take some time but I will earn profits for sure of Approx Rs 3000



    I also trusted him blindly and waited

    After some weeks he came to me and asked for another Cheque of Rs 30000 which I denied as I didnt have the funds



    After one month of this incident he called me and told me that he wants to tell me something but I should not get shocked .I asked him to tell me



    He told me that I had LOST RS 20000 in the stock market as the dealer has done traiding in the A/C for his OWN MARGIN and I had lost the entire RS 20000...



    HE HAD LIED TO ME AND CHEATED ME



    HE TOLD ME SOMETHING AND HAS DONE SOMETHING ELSE



    THEY HAVE CHEATED ME AND DONE A FRAUD...



    THEY HAVE NOT TOLD ME TRUTH



    WHATVER TRADING THEY HAVE DONE THEY DIDNT TELL ME



    Infact one day I was told that Mr Tuhin will call and take my approval over the phone asking that everything was happeing with my informatin.



    Tanmoy told me to say yes to me as he promised me good profits and I also with trust on him.Didnt deny him



    BUT TODAY I CAME 2 KNOW ...EVEN THAT CALL WAS A FRAUD...AS MR TUHIN HAD NOT CALLED ME



    NOW I AM MAKING IT VERY CLEAR



    I want my Rs 20000 back in one month time



    I am a very strong person and can do things legally and If forced to do ..will make you people behind the bars....PLS DO NOT TAKE CHANCES WITH ME



    I am a person having strong hold overall legally and politcally



    And If I do something ,,,,You people will not be able to take it

    PLS DONT FORCE ME TO DO IT



    I have already done it in the fast to few people who cheated me ...and they still are behind bars



    So I am warning you people...I want my Rs 20000 within one month ...or be ready to face consequences.....



    You may call me on [protected].....



    CONTACT NUMBER OF TANMOY IS ---[protected]

    Waiting for A quick response



    Kunal Chettri

    [protected]










    Thanks and Regards
    Kunal Chettri
    Complaint marked as Resolved 
    Verified Support
    Dec 16, 2015
    FairWealth Securities [FWPL] Customer Care's response
    Mr. Kunal Chettri, Fairwealth not give any assurance to any investor for good return, We send a welcome letter to all clients if you have any query and commitment, please contact in Head Office given Numbers.
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      V
      vibhor.mathreja
      from Panipat, Haryana
      May 21, 2011
      Resolved
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      Address: Gautam Buddha Nagar, Uttar Pradesh

      My Father in lawa opened an account with Fair wealth securities lts for share trading, the organization traded in Nifty and some shares showing a loss of almost 95000/- all this trading was done without the consent of the customer and now no one seems to be responding or giving any clarification on anything.

      all mails giving enough evidence of cheating have fallen on deaf ears and no one seems to be bothered.
      Complaint marked as Resolved 
      Verified Support
      Dec 16, 2015
      FairWealth Securities [FWPL] Customer Care's response
      Fairwealth not give any assurance to any investor for good return, We send a welcome letter to all clients if you have any query and commitment, please contact in Head Office given Numbers
      I had opened a share trading account with Fairwealth and invested almost 1 lacs. Initially they give me regular updates but later on, all this trading was done without the consent and now no one updates regarding the buying and selling. Now one responds or giving any clarification on anything. The people have made a total loss. Pl. don't trust these people. they made a number of followups to open the account with them. but later on they even didn't bother to inform and they are leas bothered about your money.
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        N
        nk1971
        from Noida, Uttar Pradesh
        Apr 11, 2011
        Resolved
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        Address: Punjab

        I have opened an account at fairwealth commodities ltd.

        They have done online trading without my consent and caused a loss of Rs 7000/-
        Now no body replying
        ASHU LAMBA
        Contact no.: [protected]
        Complaint marked as Resolved 
        Verified Support
        Dec 16, 2015
        FairWealth Securities [FWPL] Customer Care's response
        Fairwealth not give any assurance to any investor for good return, We send a welcome letter to all clients if you have any query and commitment, please contact in Head Office given Numbers
        Dear Ashu,

        I am also a victim of the same nature, Fairwealth did the same with me and caused a loss of 93000. where are you based? can we take collective action against them? is there any other way that we can get them to respond?
        I also faced the same problem...guys lets file a case against them...what shall we do
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          R
          rao.nagendra
          from Bengaluru, Karnataka
          Jun 7, 2010
          Resolved
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          Resolved

          I HAVE WORKED FOR FAIR WEALTH FOR 4 MONTHS I WAS REMOVED BY THE ORGANISATION WITHOUT ANY PROPER REASON, THE AVP OF THE COMPANY SAID THAT HE WILL PROCESS FOR THE SETTLEMENT OF THE APRIL MONTH SALARY AND I WILLBE GETTING WITHIN 45 DAYS NOW HE IS SAYING THAT SETTLEMENT WILL NOT BE DONE . KINDLY HELP ME
          Complaint marked as Resolved 
          Verified Support
          Dec 17, 2015
          FairWealth Securities [FWPL] Customer Care's response
          Fairwealth not give any assurance to any investor for good return, We send a welcome letter to all clients if you have any query and commitment, please contact in Head Office given Numbers
          Reminder 3...
          I M very glad to Fairwealth and not willing to continue fairwealth sevises..today I have all share sold out bu me...and I request please credit my few amount my Bank .
          feedback;- for fairwealth- Ver very bad servise..and not given responce to customers..so my suggestion is not open any Customer Share A/c in fairwealth..


          [protected][protected][protected][protected]

          Ameer Abdul Hasim | MyWay – Smart Digivision. | M: (CUG)+91 [protected], [protected], [protected]
          [protected][protected][protected][protected]

          See the clock only when you have no work, Don't see the clock when you are working,
          "Clock is lock for success"
          " Every success is Built on the ability to do better than good enough"



          [protected][protected][protected][protected]
          From: Ameer Abdul
          Sent: Fri 2/4/11 3:54 PM
          To: shailendra.[protected]@fairwealth.in; [protected]@fairwealth.in; [protected]@fairwealth.in; horizon.[protected]@gmail.com
          Subject: RE: Regarding LLC444 (Extra amount Debitfrom fairwealth. Sec. Ltd.)


          Reminder 2


          [protected][protected][protected][protected]

          Ameer Abdul Hasim | MyWay – Smart Digivision. | M: (CUG)+91 [protected], [protected]
          [protected][protected][protected][protected]

          See the clock only when you have no work, Don't see the clock when you are working,
          "Clock is lock for success"
          " Every success is Built on the ability to do better than good enough"



          [protected][protected][protected][protected]
          From: Ameer Abdul
          Sent: Fri 1/14/11 2:52 PM
          To: Mohd Shariq
          Subject: RE: Regarding LLC444 (Extra amount Debitfrom fairwealth. Sec. Ltd.)


          give me Approx time ...


          [protected][protected][protected][protected]

          Ameer Abdul Hasim | MyWay – Smart Digivision. | M: (CUG)+91 [protected]
          [protected][protected][protected][protected]

          See the clock only when you have no work, Don't see the clock when you are working,
          "Clock is lock for success"
          " Every success is Built on the ability to do better than good enough"



          [protected][protected][protected][protected]
          From: Mohd Shariq
          Sent: Fri 1/14/11 2:39 PM
          To: Ameer Abdul
          Subject: Regarding LLC444 (Extra amount Debitfrom fairwealth. Sec. Ltd.)






          It'll be Credited soon...Please bear with us.


          Thanks you..






          [protected] Forwarded message[protected]
          From: Ameer Abdul <ameer.[protected]@myway.in>
          Date: Fri, Jan 14, 2011 at 1:50 PM
          Subject: RE: Regarding LLC444 (Extra amount Debitfrom fairwealth. Sec. Ltd. )
          To: horizon.[protected]@gmail.com, [protected]@fairwealth.in, [protected]@fairwealth.in, shailendra.[protected]@fairwealth.in



          Reminder 1

          Dear concern
          Plz update on this


          [protected][protected][protected][protected]

          Ameer Abdul Hasim
          | MyWay – Smart Digivision. | M: (CUG)+91 [protected]
          [protected][protected][protected][protected]

          See the clock only when you have no work, Don't see the clock when you are working,
          "Clock is lock for success"
          " Every success is Built on the ability to do better than good enough"



          [protected][protected][protected][protected]
          From: Ameer Abdul
          Sent: Thu 1/13/11 3:24 PM
          To: horizon.[protected]@gmail.com; [protected]@fairwealth.in; [protected]@fairwealth.in; shailendra.[protected]@fairwealth.in
          Subject: Regarding LLC444 (Extra amount Debitfrom fairwealth. Sec. Ltd. )


          Dear Concern
          FYI

          My trading A/c LLc444 500.00 wrongly Debit your end ...but you are not look into this matter
          I have alredy inform to u, but no responce ... You are create into my A/c fake entry...
          what is this...I m not happy Your Fairwealth Services...very very Bad Services...and more time Problem facing fund regarding etc ...and other problem face your I net softawere. Please problem resolve...before tomorrow
          1 PM...other wise my A/c Closed...I m not willing to continue BAD Services...

          [protected] AMOUNT DEBITED DUE TO FAKE ENTRY BV[protected].00 0.00

          [protected] CHQ NOT CLR IN OUR BANK BV[protected].00 0.00



          [protected][protected][protected][protected]

          Ameer Abdul Hasim
          | MyWay – Smart Digivision. | M: (CUG)+91 [protected]
          [protected][protected][protected][protected]

          See the clock only when you have no work, Don't see the clock when you are working,
          "Clock is lock for success"
          " Every success is Built on the ability to do better than good enough"



          [protected][protected][protected][protected]
          From: Ameer Abdul
          Sent: Mon 1/10/11 4:14 PM
          To: horizon.[protected]@gmail.com; [protected]@fairwealth.in; [protected]@fairwealth.in; shailendra.[protected]@fairwealth.in
          Subject: Regarding LLC444 (Online Fund Transfer to fairwealth. Sec. Ltd. )


          Dear Shariq
          FYI
          I have today 10-jan-2011 Online Fund Transfer to fairwealth LLC444 Amount is 25000.00 from ICICI BANK.
          Please see the screan shot...

          Suggestion ^& Complaint :- My Session to Fairwealth Sec. LTD. I have This Type problem always facing .
          I have already fund Transfer online Why can not cheak fairwealth. sec. LTD ..my Amount transfer or not ...why need my ICICI Statement fund transfer and why need screan shot...
          Please insure I m not face this type poblem other wise ...BAD servises I will not continue My Trading A/C in fairwealth ...Please do the need full...
          very very bad services fairwealth sec.ltd...
          i have given request fund withdrawn ...but from fairwealth...not credit my balance amount...in my A/C...Ameer Abdul hasim
          [protected], [protected]
          Dear sir, I Have worked FAIRWEALTH FOR 2 MONTHS. I WAS REMOVED BY THE ORGANISATION WITHOUT ANY PROPER REASON. THE AVP OF THE COMPANY SAID THAT HE WILL PROCESS FOR THE SETTLEMENT OF THE APPRIL MONTHS SALARY AND I WILL BE GETTING WITHIN 45 DAY NOW HE IS SAYING THAT SETTLEMENT WILL NOT BE DONE. KINDLY HELP ME SIR. MY NAME-KAILASH TAWANIYA . EMPLOYEE ID: FWOO679
          I think Fairwealth is the most corrupt broker in the indian finance market, My father in law was recently duped of almost a lakh rupees by them, i would suggest that no one should deal with such an corrupt organization and the name should have been unfair wealth
          They send wrong information to the customers and trade without consent. they try to fool people by showing them false statements and transactions which never happen. the employees are also forced to indulde in such unfair practices and the worst part is no one from the organization ever responds. including the directors
          Dear sir,
          I started my business in stock market as Authorized person of Fairwealth securities pvt. ltd. on 2ed nov, 2011.my name is AMINMAHAMMAD AMIRALI PUNJANI. BRANCH CODE; GAKA. I deposited 50, 000 R.S. wich was 100% refundable and also paid charges for SEBI registration. For some reason I have closed the business. now I asked company on 16 april, 2012. with sigend letter of franchisee wind up. for refund of my deposite after deducting any bed debt. but there is no bed debt in my any clients account.
          After that they asked me for indemnity letter . I also signed that letter and submitted all other documents with it on 5th may 2012. Branch told me within 10 days i will get my money back But still I am waiting for my own money.

          please, help me to get back my money from Fairwealth Company.


          - Aminmahammad Punjani.
          email- punjani.[protected]@gmail.com.
          m- +91- [protected]. [protected].
          I too have bad experience with fairwealth. I deposited more than 1 lakh in fairwealth. On words of my relationship manager i also put some money in fairwealth commodities. He gave me loss of more than 15 thousand in commodities . Unnecssarily they charged more than 700 Rs and while closing demat account they charged 300 Rs. Fairwealth made huge losses to my hard earned money. Their investment management team is of duffers and company fraudently charge money from customers. They say something and do something else.
          Pravin
          DON ' T Invest in Fairwealth, You LOSS Your Money after ., , ...Be carefull, i am subash from Chennai one stupit persons from Fairwealth securitirs approach me, Please Invest Fairwealth i to become your money double in 4 Month he said after i invest rs.10, 000 /- 3 Month my balance is --100 so all friends be carefull dont loss your money
          yes, fairwealth is a fraud company, they have cheated me Rs. 50, 000/- and six months of my valuable time. please inform to all your friends. i have gone through lot of mental stress because of them. they put my money in commodities without informing me and within one week they emptied all my amount. Government has to take action on such fraud and cheating companies.
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            S
            Sunil Agrawal
            from Bengaluru, Karnataka
            Nov 5, 2009
            Resolved
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            Resolved

            FAIRWEALTH COMMODITY BROKING PVT.LTD.,
            UG-38 SOMDUTT, CHAMBER-II, 9 BHIKAJI CAMA PLACE, NEW DELHI-110066 is a fraud Broker.
            They Had sent their Executive Mr. Ritesh Bhatnagar to open a trading account in commodities.
            When they cheated me my positions were hedged and about Rs. 23.00 Lacs were with them including CASH and MARGINS. I was trading online. When I requested them for Pay out they made a cheque, debited my account but did not send it to me. Then I did not ececuted any trade for 3 days and when I came back all the positions were squared off. When I phoned they said that due to losses the margin was short and due to negative balance the positions were squared off. I asked them the acoount and told them that the positions were hedged so how the loss was there? They could not give any satisfactory reply. I lodges a complaint with MCX. MCX replied that the positions were squared off by Fairwealth but no action was taken. Ultimately I had to lodge a FIR in police still pending.
            I suggest that be ware of Fairwealth and other brokers as MCX, NSE, BSE SEBI are not taking any action against such fraud companies.
            Other companies cheated me are Arcadia Shere & Stock Brokers Pvt. Ltd, Mumbai. They have deposited cheques in their commodity firm Arcadia Commodity and similar other I will write in next complaint. Never keep huge amount with such brokers.
            Aug 14, 2020
            Complaint marked as Resolved 
            I agree completely, and i really wonder as to how can they cheat so openly with no one taking any action. fairwealth also cheated me of around 93000 rs by showing profit initially and then saying that there was a loss in trades which i never authorized. In case some one knows as to what action can be taken against such fraud brokers, pls do let me know. i also have a letter signed by their employee which says that they have done wrong and i should be paid back.
            Dear Mr. Vibhor Mathreja

            we can have a way out for your problem. kindly call me so that we can discuss it in detail.

            regards
            Virendra Dugar
            [protected]
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