Motilal Oswal — Inexprience and stupid advisors

I opened my account on 18 oct 2021 with motilal oswal thinking there research advisory is good. They assign you an advisor to help you. Intially i did transaction myself for long term and it was around 19k negative due to market correction. Then their advisor called and said your portfolio is not good and you start trading in f&o and we will give you 10 to 20% portfolio return per month.I knew f&o is risky but I thought they are reputed broker and know how to trade in f&o. On 9th dec my advisor mr rohit did transation of 8500 qty of bank nifty on weekly expiry. i was quite busy on that day in office. In evening when i checked my account, i suffered loss of 1 lakh. Out of which 61k was loss and 39k was there brokerage and other charges. Then i complained and they changed my advisor to ms mayuri chavan. She said she is more experience and will recover your loss in few days. On 23rd dec, in morning she earned 4750 in equity intraday. I said her not to place any new trade on that day. But she insisted market is good and she placed banknifty and made me loss 60k loss in banknifty. Then she said there is momentum in currency and all your losses will be recovred. I again trusted her and she again incurred me loss of 52437. So in two day, two stupid and inexperienced made me lose 2 lakh 10k rupees. So guys don't trust motilal oswal's advisor. They just want to earn brokerage for their compoany and don't care about customers. Also their brokerage is highest in industry. So better to stay away from these fraudester and cheaters.
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