Unicon Complaints & Reviews

I have a trading account with Unicon Securites . Account No is I13177. From January end 2014, i was experiencing problems with trading contacting..but still got resolved, but in past 3 weeks...it has been a dead silence in terms of trading as well as in contacting a single person, either the phones are not working, or they dont get picked. I also have Rs. 26, 000/- towards Advance Brokerage in the account. i am so fed up of evrything, i want my fund and brokerage back... Kindly take up my complain and help me to transfer my shares, my funds, and my brokerage amount. Tarandeep Kaur [protected]

Dear Sir,

My User Id is U43225.
I have been trading from around last 3 year, and everything was smooth till JAN 2014.
Last couple of months I am facing huge problem in trading as well as I am not able to withdraw my fund. I have called many times but my call was never picked by your representative's.

I have tried online fund withdraw as well as I have triggered 3 mail as per your message on fund withdraw page.

Please suggest me how can I reach and have a smooth relationship.

Surya Jain

My client code is FB419. I have trading A/c with Unicon Securities P ltd. I have requested since last 2 months to transfer my all shares in my DMat A/c with Globe Capital. But they transfer only 50% of my shares after requesting many times. But Now they are not picking my call & there are not any type of response from them.

Dear Sir, My client ID in Unicon Securities pvt. Ltd. is I13900, which is related to the NSE F&O online trading. Every thing was smoothly going during the five month of demat account opening. But, recently I am facing very bad experience with their service.I applied for the payout amount of Rs. 188716/- twenty days ago via proper channel.Surprsingly, it is kept unhonoured and more over there is no human beings to lift the telephone I sent many mails to their help desk.That also thrown into the dust bin without any reply. Sir, I need my money urgently kindly help me out, I am senior citizen age 72 years. For any clarification / communication kindly communicate us at [protected]. Regards Balkrishan Ahuja

Dear sir,
I have two a/c with you one is u50552 in my name (Parmod kumar gupta)
Another is of my son's (Bhavya gupta) is u39408 since march 2014 i am facing difficult
To execute the order. Now mr gian and other's saying your's a/c are blocked .
I want to sell some delivery but they are not execting my order. Please tell the
Correct picture or i will shift my all stocks to other organisation and also send
Holdings of above said a/cs to respevtive email address


Thankyou in anticipation
Parmod kumar guptapoiu

Repeatedly I have been trying to reach UNICON no one is picking call at Customer Care.
I will be forced to drag you to Customer Care if My request is not resolved.

This is poorest of the service.


I would like to close my account and lease refund my money back at the earliest

I have a trading account with Unicon Securites . Account No is I13603 with Noida Branch. From January end 2014 they are not allowed to sell shares laying with DP account maintained by them. I also deposited Rs. 10, 000/- towards Advance Brokerage. I wrote several times to their Help Desk to refund my unutilised brokerage amount as they are not giving service. I also send filled in form for allowing me to trade in BSE Exchange. They are not executing these request. Kindly take up my complain and help me to transfer my shares to smc Global securities so that I can sell my shares. Prativa Saha shibnagar Agartala, Tripura Mob [protected]

My client ID is U30708, which is related to the commodity online trading.Every thing was smoothly going during the tenure of three years of demat account opening. But, recently I am facing very bad experience with their service.I applied for the payout twenty days ago via proper channel.Surprsingly, it is kept unhonoured and more over there is no human beings to lift the telephone I sent many mails to their help desk.That also thrown into the dust bin without any reply.The sub broker is unable to do any thing and he is not having any answer about the situation . What would happened?. Is there any serious issue is going on? What will happen to our money, hardly earned and invested?. At the early stage itself, the authorities like SEBI has to seriously monitor and control the issue. Otherwise, many investers will be affected. Regards, M.Ranganathan

Hi, https://trade.unicondirect.com The trading platform is not allowing me to place any orders since last 2 days. I get adaptor is down message. I tried calling customer service numbers on their website but none of them are working. I have open positions in my account & I am not sure how will I close it. Any suggestions?

Dear Sir, In the year 2012, I had opened an account with Unicon Investment Solution with an advance brokerage amount of Rs.50, 000/- for five years. On 29.01.2014, I have lodged a complaint through email that I have not receiving SMS service which providing me the balance brokerage amount. Upon my complaint, they have blocked my account without any reasons and after that their system is not taking any buy/sell order. While executing order...

i had a franchise with unicon securities ltd. i had deposited security of Rs. 100000(one lac) with the company.when i withdrew my franchise they returned me only 70, 000 rupees. and the remaining 30, 000 has not been returned till date as its now more than three years. they used to say that your file is pending with SEBI. my id was Z6235 in the name of vishal deep. kindly help

I may need to consider reporting thsi case to sebi if it does not help here:

This is regarding withdrawal pending since one month...
And i needed that urgently...Due tow which builder has imposed a 15k penalty on me till now..
I ahd discussed this case with ashish nag pal my branch manger, but even he could not help and i can understand how poor the unicon management is or unicon is having very bad intentions...Which included owners and stakeholders in unicon..I even called help desk to speak to compliance officer but neeraj was not available..Anytime..

I have written emails to all the below: @ uniconindia.In..

Grievance, sarora, rgupta, snagpal, vsharma, awadhwa, anayar, manoj, ashish, unicon, ngrover

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Hi,
I am a resident of 'Darshnam Paradise', Gotri, Vadodara. We have six (6) Lift / Elevators from Unicon Elevators, Vadodara.
It has been 10 months now after elevators have been installed, every weeks one or two elevators have problem and remain off. On complaining to Unicon, hardly any response from them and very poor service.

Most elevators - LED Display have not working properly. Inside light hardly...

I have encountered severe problems trading with unicon securities. I took 1 lac advance brokerage account and they promised me all support with respect to margin and other services. Later I found that they are charging 20% more margin. On enquiry I was told that I may continue trading with less margin and my account has been extended facilities. I made some trades same day and found all my trades were squerred off in the evening without my knowledge. Later manager regretted the mistake and told me that it was due to non receipt of approval. Now the approval has been restored and I may trade on extended facilities. Yesterday to my surprise all the accounts were frozen at 3.15 and they mentioned me that the account limits are withdrawn at 3.10. I guess Unicon has severe cash shortage and due to market ups and down they freeze accounts without notice to the clients. Do not open accounts with Unicon. Worst services ever. I have posted my complaint to SEBI also. Do not trust them at all. Pune manager Chinmay Koli is even worst. He does not bother to revert back to your issues and helpdesk is helpless.

I have encountered severe problems trading with unicon. I took 1 lac advance brokerage account and they promised me all support with respect to margin and other services. Later I found that they are charging 20% more margin. On enquiry I was told that I may continue trading with less margin and my account has been extended facilities. I made some trades same day and found all my trades were squerred off in the evening without my knowledge. Later manager regretted the mistake and told me that it was due to non receipt of approval. Now the approval has been restored and I may trade on extended facilities.

Yesterday to my surprise all the accounts were frozen at 3.15 and they mentioned me that the account limits are withdrawn at 3.10.

I guess Unicon has severe cash shortage and due to market ups and down they freeze accounts without notice to the clients.

Do not open accounts with Unicon. Worst services ever. I have posted my complaint to SEBI also. Do not trust them at all. Pune manager Chinmay Koli is even worst. He does not bother to revert back to your issues and helpdesk is helpless.

Dear Concern,
This is bring to inform you My self Vipin Kumar worked in Unicon Investment Solution Pvt . Ltd. in Meerut Branch during period 26 Sept 2012 to 15 Dec 2012, issue is i got only Oct. month salary. I have not get the Nov. month salary. When i asked my HOD Mr. Rajeev Maheshwari (BM) he gave me abuse & said "I hold your salary none of person can release your salary". Because you worked here only 2month15days. For release salary you have to pay me your 1/2 month salary.

MY EMPLOYEE CODE : USSB9921

PLEASE DO THE NEEDFUL..

This is with reference to my resignation on 26th November 2011 from Unicon Investment Solutions Internet Broking Vertical. I have resigned on 26th Nov 2011 which was excepted too. but i have not received my last month salary and relieving letter till now.

Sir,
I have booked a two bed room flat in super tech renesa sector 118 through mr piyush from unicon real state, noida in may 2012. he has taken my all document with cheque of 3 lac. He did not give me receipt and when I asked he assured your flat is booked and I have receipt and allotment Letter. Till date(sept, 1), he did not give any receipt and now he is saying that super tech Has lost your application and your application has not been processed. During these period the price of that project has gone up rs 500-700/ psf. He is not returning my documents I.e. cheque, Pan card, Id prof etc.
Unicom real estate is a big Cheater company. Be careful if you are dealing with them.
Ganga pd, [protected].

From: Milind Thenge
Mob: [protected]/[protected]
Date: 29/08/2012
To,
Reliance Life Insurance Customer Care Service.
Unicon Securities Pvt. Ltd.,
[
Respected Sir,
[
Sub: Demand for bribe/ransom from your Executive as an official processing charges.
Ref: Shri. Rohit Sharma Mob. No. [protected], [protected],[protected]
Shri. Aakash Mob. [protected]
Shri. Kuldeep Kumar bearing a/c. No. [protected] of H.D.F.C Bank.
Shri. Ritesh bearing a/c. No. [protected] of Axis Bank Dadar Branch.
Shri. Vinay Mob. No. [protected],[protected],

1. That I have taken number of Reliance Life Insurance from your one agent, out of which some of them have been already closed, withdrawn etc,.
[
(A. Shri. Rohit Sharma Mob. No. [protected], [protected],[protected], Shri. Vinay Mob. No. [protected],[protected], Shri. Aakash Mob. [protected], Shri. Kuldeep Kumar bearing a/c. No. [protected] of H.D.F.C Bank, are the employee o[censored]nicon Securities Pvt. Ltd., having address as 33 DLF indl area moti nagar Delhi the said people undertake the work depositing/despatching the prepared cheque in customer account or given address.

B. Shri. Ritesh bearing a/c. No. [protected] of Axis Bank Dadar Branch, is also an executive o[censored]nicon Securities Pvt Ltd., having address as 2 & 3 Floor, A Wing, Vilco Centre Near Garware House, 8 Subhash Road, Vileparle (E) Mumbai 400057.

C. Today also Shri. Rohit Sharma has call upon me and demanded the said amount to be deposited in Shri. Kuldeep Kumar account and informed me that one more additional cheque of Rs. 32,500/- has been prepared and both the cheques will be cleared to your account on payment of the said amount.)

2. On 27/07/2012 I have received mobile call from Shri. Rohit Sharma Mob. No. [protected] stating that one of your Reliance Life Insurance policy taken from your agent has been matured and you are going to get Rs. 38,000/- (Rupees. Thirty Eight Thousand only) for which you have pay our Executive Charges for the sum of Rs. 4,000/- (Rupees. Four Thousand Only) for which you have to deposit the said amount in Axis Bank Dadar Branch on account of Shri. Ritesh and shortly you will receive account details on your cell no.

3. On 27.07.2012 at about 11.53.48 a.m. I received one SMS from Shri. Aakash having Mob. No. [protected] giving details of Shri. Ritesh bearing a/c. No. [protected] of Axis Bank Dadar Branch, accordingly I have deposited the said amount in two installments in the said account number.

4. Again On 01/08/2012 I have received mobile call from Shri. Rohit Sharma Mob. No. [protected] stating that your Reliance Insurance due amount has been raised from Rs. 38,000/- to Rs. 48,000/- for which you have to deposited an additional amount of Rs. 1,500/- in H.D.F.C. Bank on account of Shri. Kuldeep Kumar as our Executive charges and shortly you will receive account details on your cell no.

5. On 01.08.2012 at about 12.46.03 p.m. I received one SMS from Mob. No. [protected] giving details of Shri. Kuldeep Kumar bearing a/c. No. [protected] of H.D.F.C Bank and I refused to do so.

6. On 01.08.2012 at about 02.26.01 p.m. I received one SMS from Shri. Aakash having Mob. No. [protected] as” Sir ab ap ka cansil ho raha hay agr karwana ho to bata do nahe to o wapas ajaega pher mujhe cal mat karna soch kar bata do 10mint me ha ya na lst cal hay”. Again after some time from same Mob. No. at about 02.43.27 p.m. I again received one more SMS stating as “Sorey sir Thek hay may mana kar de raha hu ap ka kanchil karwa de raha hu kyu ke bank me to ap ko dena he padega karwa lo sir nahe paisey fhas jaega ha ya ne”

7. On 02.08.2012 Raksha Bandan day I have deposited the said amount in Shri. Kuldeep Kumar bearing a/c. No. [protected] of H.D.F.C Bank.

8. On 02.08.2012 at about 01.28.47 p.m. I received SMS from Shri. Rohit Sharma Mob. No. [protected] stating that “ Mild Ji aap ka cheq lagva diya h. Aap apna peysa 5pm baje cheq kar lena aap muje sms kar dena.” When the said amount in not credited in my account I again contact the said Shri. Rohit Sharma and again at about 08.17.59 pm, Shri. Rohit Sharma Mob. No. [protected] again sent me a SMS stating that aap ka cheq kilyar ho gaya. Aap nikal sakte h.”

9. Apart from all this again Shri. Rohit Sharma demanding money of Rs. 10,000/- stating that his wife is suffering from Blood Cancer and again and again he is giving me a repeated call and on 13.08.2012 he has requested me not to disclose the said demand of money incident to any body. On repeated requested Shri. Rohit Sharma has given me the Cheque details as Reliance Life Insurance Company, bearing cheque No. 640642 drawn on H.D.F.C. Bank Cannat Plate Bara Khamba Road CT and also assured me on deposited on said amount the cheque will be cleared within an hour.

10. Incidentally, on 13.08.2012 I personally contact on Mob. No. [protected] where I found Senior Executive to whom I narrated the entire incident he assured on 14.08.2012 we all three of them will talk on conference next date i.e. 14.08.2012 and accordingly Mr. Vinay assured me that your cheque has been cleared from my side long back 15 days and Shri. Rohit Sharma has kept on hold and he has not deposited the said cheque with the bank and again the said Mr. Vinay gave me a call [protected] and demanded an amount of Rs. 1,500/- as his charges and directed me to deposited the said amount in the aforesaid Kuldeep Kumar Account and also instructed me unless and until you pay the said amount towards our processing charges your cheque will not be cleared,

11. On 21.08.2012 I again deposited an amount of Rs. 1,500/- by way of cash in name of Shri. Ritesh bearing a/c. No. [protected] of Axis Bank from Lokhandwala Branch. Mr. Vinay assured me that your cheque will be deposited and same will be credited to your account.

12. On 22.08.2012 When I check my balance for the same it was un credited and subsequently I contact on Mr. Vinay mobile No. it was learned that he has already resigned from his job. And one of Mr. Rohit Sharma again started demanding an amount of Rs. 10,000/- for getting the cheque cleared.

13. I am not making this complaint to you with my said deposited amount, but to make you aware that behind your back your executive is demanding money from your potential customer which itself create bad impression on your part, your are such a highly reputed Insurance company in today’s competitive world. I humbly request you to take appropriate steps against those culprits so that your potential customer gets justice.

Thanking you, Yours faithfully,

Milind Thenge.