| Address: | Indore, Madhya Pradesh, 452014 |
| Website: | www.marketmagnify.com |
This is one of the topmost scam and fraud organization operating out of indore (Which operates in few other company names too) with couple of branch offices in places like vijayanagar, indore that can trap you into their services wherein you might end-up paying 10, 000 to 15, 00, 000 or more just for their monthly/quarterly services.
Then once they have their money, they will abscond with it or provide your trading levels that will erode your entire capital.
This company is part of a larger scam that is happening in indore and gujarat wherein the so called stock advisory/research companies who operate in more than 1 company name and fake employee names, providing fake agreements, invoices etc., to trap customers to make them trade between themselves and book profit for a group of their customers and book losses for another group of their customers itself.
These companies make millions of inr every day in the name of free trials, service fees and who knows are tied-up with promoters who pay them to trade their company shares.
This company (Market magnify) will initially put the bait with pleaseing ahd highly technical discussion to pull you in and show their knowledge.
Once you joing their lower service, the tips/advise will come for couple of trading sessions and then immediately they will change gears and start pressing you for their services with higher charges. If you deny you will end-up in heavy loss on their next tip or they will stop providing any tips and will flee with your service charges even if it is a heavy amount like inr 1, 00, 000 or more. If you try to reach them after they abscond they will cut-down their entire phone line since these phones are all internet/voip phones that can be easily manipulated for their number/existence.
There are certain names that i would like to add as part of this list who belong to this company and if these are real names one should know and beware not fall prey to their traps/bait.
Jaspreet singh - he calls himself a manager in the hni department
Pradeep tiwary - he is also call pradip mahto on records - he calls himself a analyst from the hni department
Chandan - he calls himself an associate/junior analyst
Sachin - he works with the above analyst is what he claims. He helps customers take positions.
Never believe any advisory company, just improve your knowledge in stock market to make your trading decision. It is even better that you don't trade in intraday/positional market or high volatility market like the f&o.
My sincere request to retail traders-
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The best market for non-technical or less knowlegeable trader is to take position in stocks in cash market and take delivery position on fundamentally strong stocks.
But make sure you enter when the market has corrected itself and not when it is in its peak.
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