Couple of days a go I started getting calls from MO advisers to trade into Currency and derivatives and provide with finance to trade. When I Declined they insisted on pledging the D'mat holding. They took keen interest in teaching me and got pledged my D'mat holding.
They told that USDINR was a good bet and asked me to buy 1000 lot which I Declined. However they took approval of 500 lot to buy and placed the order. This soon met with the stop loss and stripped me off about INR 50000/- I was shocked on their irresponsibleness. try to call them but no response I was again shocked what kind of scam is this?
Then another day again I was lured. This time although the permission was given but they did not follow the instructions and again led to losses to almost the same amount. This time they were slightly sympathetic and advised of changing portfolio from USDINR to other portfolios, Which I declined.
These people are inexperienced, having not much knowledge, lure individuals into financial trap.
This is a scam going on and looting innocent individuals and tripping off their hard earned money.
Action must be taken by the competent authority to stop such scams. Was this information helpful? | 
at the end of trade day made a loss of Rs. 64, 000 out of which 62k is brokerage only. they only concerned about their brokerage and let the customers suffer losses. I am one of the clients who feel cheated or befooled by Motilal representative, there may be thousands of small investors who are relying on your expertise and left shattered with losses and wrong advise. Motilal is concerned with its own growth and brokerage which they generate through such luring advises.