Hi Folks,
I m writing to share my experiences while using angel trade (offline trading account thru phone). Within in two months of opening the account I could realize that angel trade people are no professional people rather they are like cheap brokers mushroomed across lanes in big cities. There advisory services are totally immature and non trustworthy. Following their advice will indeed drill hole in traders pocket. They are just bothered about their brokerage - either way it comes from people lose or gain on their investment. While opening the account they will promise cheap brokerage but when you trade you will come to know you are being cheated with higher brokerage. If you argue then they have readyhanded answers about "Conditions apply" - that you ought to trade in crores to get that promised low brokerage. Also, they will threaten to cut your positions by themselves if margin shortfalls by meagre thousand rupees, and not paid.
If others too have any comments/views then pls share.
Thanks.
imdtrader
I m writing to share my experiences while using angel trade (offline trading account thru phone). Within in two months of opening the account I could realize that angel trade people are no professional people rather they are like cheap brokers mushroomed across lanes in big cities. There advisory services are totally immature and non trustworthy. Following their advice will indeed drill hole in traders pocket. They are just bothered about their brokerage - either way it comes from people lose or gain on their investment. While opening the account they will promise cheap brokerage but when you trade you will come to know you are being cheated with higher brokerage. If you argue then they have readyhanded answers about "Conditions apply" - that you ought to trade in crores to get that promised low brokerage. Also, they will threaten to cut your positions by themselves if margin shortfalls by meagre thousand rupees, and not paid.
If others too have any comments/views then pls share.
Thanks.
imdtrader