Orion Broking — Cheathing Company - Fraud Company

Address:Coimbatore, Tamil Nadu

Hi, this is Mani from Coimbatore. I have opened an account with Orion Broking Services, Coimbatore and their service are really poor and ridiculous. The NEST platform which was used by them seems to have lot of error-server problem and that too makes us "not to trade for 3-4 days." At that time, If you call them they simply put your call on hold and they won't response. So, please don't open any other account with Orion Broking Services, Coimbatore. Please don't see for less brokerage and commission, because they don't give minimum support in any circumstances. Also, they don't have an experienced employee in their company.

There are plenty of other broking companies with good customer support and good knowledge of how to resolve an issue.

Once again, please don't open an account or continue your account with Orion Broking because money makes matter.

Orion broking is a cheating company.

Thanks,
Mani
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Hi I am niranjan. I have nse and mcx account in Coimbatore. As per other company sub brokers we will get 10% of our investment by ipf-investment protection fund. That too after a long procedure. Please approach a good lawyer and take the steps further. At least we have to get the money which is squared off.
If john comes out and solve the issue we will get our money.
No senior person in Orion is taking the call. We don't know what to do.sub brokers lie from their . To avoid misunderstanding they tell our funds will get refunded. Actual fact no one knows anything.
I recently contacted few employees, it appears that they don't have much insite on the issue. All have raised complaints all company accounts are freezed total payout of 12 crore should be settled to the client. Representative from exchange have visited the commissioner place and case has moved to CB-CID. It appears that security deposit is still available and frozen by exchange and all IOC funds are available in the exchange.

No news about johnson whereabouts, however kindly raise case with scores. In order to make sure your investments are safe and can be acquired back from SEBI, here is the link below.

http://scores.gov.in

Please register in the site above and file a complaint submitting a copy of the contract with your latest share holdings. SEBI would be investigating the issue and returning back the amount to the stake holder if the complaint is evidenced. You would be receiving a registration number after filing the complaint, so that it could be used a reference for further enquiries.

Please note that, while registration of a trading company in SEBI, there would be a cash deposit of 50 lakhs and guarantee submitted from the bank for 50 lakhs. There would also be some fund deposited against stake holder’s safety in SEBI. Hence, when the complaints are logged in, the amount would be refunded by SEBI after thorough investigation.

I have 2 lakhs in there account, I am also in a great panic about my money complete money was invested in futures :(.
Thanks for your information Mr Suresh Boopathy..
Just registered compaint with that score..

Hope will give recovery
https://www.facebook.com/profile.php?id=[protected]
guys any update on this
friends living in coimbatore can update more about it

friends i had registered complaint on nse yesterday ..today they called me and i gave every detail..

please file complaintsssss...in nse website
I guys, this is Ramesh (A559)
I will reproduce the mail received from Orion MD as follows:
ORION BROKING [protected]@orionbroking.com via vfaff.com
Aug 20 (7 days ago)

to me
SsMailIDStart1189815SsMailIDEnd
Dear Customers,

Please accept our sincere apologies for the inconvenience you may have experienced in respects to operating your account / Open Positios squared off issue.

At ORION BROKING services we take pride in ensuring our customers satisfaction.

Unfortunately, we did not meet your expectations. Upon through review of the situation, we narrowed the cause to the technical problems recent internal system update.

As a testament to our strive for perfection, we have taken steps to retrieve back the operations with couple weeks and ensure that this never happen again.

We seek all your kind co-operations in the circumstance.

We deeply value your relationship with ORION BROKING SERVICES.


With Best Regards

Managing Director.

ORION BROKING SERVICES.

And my return mail is -
Dear sir,
Since this is a issue, kindly provide us your contact person name and contact landline or mobile number (ACTIVE). Because no one is picking your land line phones (including branch office also) since last 3 days. I do not know, if there is a Technical Internal problem, you have to inform or should send message to customers to avoid utmost good faith of your company.
Regards
Archana Ramesh
Dear Ambadas,
Can you update briefly what NSE people explained to you. What details the provided to you.. Any chance of our refund of our investment .
Babusivasankaran sir

It seems they don't know much about orion broking issue... i explained to them

they asked me to provide ledger copy and bank statement ...

i urge all the members to kindly complain to nse...


it is necessary to be strong in numbers also...theen they might take some action...but they didn't say anything about return of the fund they said they would look into it...
Hello all,

My complaint was registered in mcx and i got complaint number too. they gave me questionare to be answered and i have done that and courired them every detail they asked. i have to wait and see what will happen now and what action they are going to take. people who are trading in commodities complain in mcx. they are investigating the case. don;t sit idle and think everything will happen on it's own. orion will not return our amount.
Yes, We need to register formal complaint with MCX India. Send an email to grievance
@mcxindia.com. They will send back list of documents required to proceed with the complaint. You need to print, fill complete details and send them via mail(not email) to MCX India mumbai address. I don't know how much refund we might get, but we should lodge formal complaint from our end.
Hai friends
Am also invest 5000 in orion broking and am from madurai am not put any complaints still any nessary to place complaint, i contct office but no one pick up please update any refund is going mean,
Hai friends
Am also invest 50000 in orion broking and am from madurai am not put any complaints still any nessary to place complaint, i contct office but no one pick up please update any refund is going mean,
Use this two links to Register your comlpiants

https://www.nse-investorhelpline.com:8443/EIS/invSendToHome.do?step=showInvDashb...

http://scores.gov.in/Complaint.aspx?flag=n
Orion Broking is a big cheater. I have opened ac with them just one week before this happened. Mr Senthil RM of orion Broking opened my account. He is a big cheater. He is not receiving calls and neither there office. This person knowingly has opened my account with initial payin of Rs 20000.when asked for payout he was telling company auditing is going on. I'm going to file a complaint on him and his company. Please don't ever open new accounts in cheap brokerage offering company. Cheap brokerage will result in this type of frauds . We all should go against them and get back our hard earned money...
Big fraud company. don't ever open accounts in low brokerage companies.
I also lost so much of money from them
Is there any insurance for this money from Nse?
Did Nse and Mcx have any insurance to this problem?
They say NSE squared off our position. Did they square off all position or only debit accounts? I was in debit. I used 3 time limit in delivery in cash. What about the shares in demat account?
When will NSE and Sebi open their mouth? what they will tell? Can we write letters through RTI act?
Hi All Friends

I have also my account in Orion, I got mail on 20th august form orion broking as per mail they want couple week for problem resolve. but how they can solve the problem. all branches shut down all phones off. we do nt know what should we do now. if anyone got anything then share.
Is there any insurance for this from NSE?
Did NSE have insured our money?

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    Contact Information

    Coimbatore, Tamil Nadu
    Tamil Nadu
    India
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