Traderji.com - Discussion forum for Stocks Commodities & Forex


My experince with angel broking

Discuss My experince with angel broking at the Investors Grieviences within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I already have demat and trading accoun with hdfc bank. After reading on forum here ...


Go Back   Traderji.com - Discussion forum for Stocks Commodities & Forex > TOOLS & RESOURCES > Investors Grieviences

Investors Grieviences Discuss your personal grieviences and frustrations with stock market intermediatories like brokers, registrars, bankers, etc.


Reply
 
Thread Tools
  #1  
Old 5th November 2010, 05:35 PM
Member
 
Join Date: May 2006
Posts: 531
Thanks: 94
Thanked 111 Times in 86 Posts
magnet will become famous soon enoughmagnet will become famous soon enough
Default My experince with angel broking

I already have demat and trading accoun with hdfc bank.

After reading on forum here that its better to have bank account and trading account at different places.

I decided to open an account with angel broking on my mothers name.

As coal india ipo was coming on 19th october 2010 on 11th i went to angel broking office which just across my building and took the necessary forms and documents and signed the same and submitted the same next day on 12th october 2010.

I was told in 3-4 days my account will be opened but for me more important was to get it open on or before coal india ipo so that i can apply.

The account actually got opened on 21st october as i received the details in welcome kit.As during coal india ipo only the branch incharge called me that he have got the details of my account so that if i want i can apply via form filling and cheque signing the same.

But on close look into my hdfc account i found i can apply for new ipos no matter wherever i have my demat and trading account as i need to type that in hdfc screen.

I used that and i applied on the 2nd last day of the issue.

Also i was asked for 2 cheques one of rupees 5000 and another of rs 470 (if only bse) or 490.52(if nse bse both0 if i want to trade.The rupee 5000 cheque was just for opening the account which will stay in my account to buy shares and if want i can reversed it anytime to my bank account.

As i didnot had received any net passwords and received backoffice details and password on mobile sms i was trying this option.

As the whole amount of 5490 was being shown in pay out screen i just tried to see how reverse transaction works.I did see 0 balance in my back office but even after 4-5 days i wasnt able to see the reverse in my bank account.
when i called angel helpline they let me knew that they have forwarded a cheque to the branch.I was shocked as i did gave a canceled cheque for RTGS hence i was shocked that wasnt being done.On asking the same at branch i did not got proper reply like'it was done from main branch etc etc'.I was like i am asking why not direct but still repeating the same.Also the person didnot handed over me my cheque saying i reversed the total amount at 490 is their account fees atmost he can cancel and reverse the cheque or i do give new cheque of 490 buks than only he will give the following cheque.I said better cancel your cheque.

SO again the whole amount got reversed and again 5490 was shown in backoffice funds details section.

In the meanwhile on 27th i receive the welcome kit and again i am shocked which only has prevention booklet and thank you account open letter.and a slip book which we give to banks if we have trading account with them.

I thought i might receive the net password in few days via another courier.In the meanwhile on 4th coal india ipo allotment and listing took place.

In backoffice i cant see any share holding of same in my account plus it shows my account as offline.

So on live chat i asked for why i didnot received the password yet and i get another shocking reply that my account havent been activated for online trading yet and i have to make a trip to branch again.

I call the chap and he says if you want to sell the shares tell us we will do the need.

I said boss i told you on account opening only that i have to trade online no phone trading .Than he was like oh you want to do that again you will have to come here and meet our manager.I had a chat with him and he said via mail ill receive the mail and password.But again at my place on carefully observing the backoffice client details i found out that my email id was blank.So again i had to make a form download sign and same to be delivered at branch.

The chap said by monday ill receive the password ,yesterday i gave them my email id form signed at branch.

Now the problem for me is the local branch is working in lot of hidding manner with me

1::I want a trading account online.Not provided yet.

2::Even after rtgs application given still they havent did the same.I tried to repeat the procedure on backoffice but their mail id registration@ angeltrade.com id it fails.

3::I also wanted to trade in nsel and commodities this branch says we cant help as we dont deal in them.

4::If i raise a complain in backoffice they say it would be better i call them than backoffice as they grill them.But it is the branch which is not providing me proper service.

I am happy with net support of angel but really almost a month looks to be passing and still i dont know how this angel online stuff works.

On contrary hdfc though banking was really systematic.

I am also worried if again i reverse the 5000 amount in angel account again it will be passed as cheque rather than net transfer.

Any suggestion guys



Reply With Quote
Sponsored Links
  #2  
Old 15th November 2010, 01:10 PM
Member
 
Join Date: Aug 2009
Posts: 56
Thanks: 1
Thanked 19 Times in 16 Posts
p_rajivadekar is on a distinguished road
Default Re: My experince with angel broking

Quote:
Originally Posted by magnet View Post
I already have demat and trading accoun with hdfc bank.

After reading on forum here that its better to have bank account and trading account at different places.

I decided to open an account with angel broking on my mothers name.

As coal india ipo was coming on 19th october 2010 on 11th i went to angel broking office which just across my building and took the necessary forms and documents and signed the same and submitted the same next day on 12th october 2010.

I was told in 3-4 days my account will be opened but for me more important was to get it open on or before coal india ipo so that i can apply.

The account actually got opened on 21st october as i received the details in welcome kit.As during coal india ipo only the branch incharge called me that he have got the details of my account so that if i want i can apply via form filling and cheque signing the same.

But on close look into my hdfc account i found i can apply for new ipos no matter wherever i have my demat and trading account as i need to type that in hdfc screen.

I used that and i applied on the 2nd last day of the issue.

Also i was asked for 2 cheques one of rupees 5000 and another of rs 470 (if only bse) or 490.52(if nse bse both0 if i want to trade.The rupee 5000 cheque was just for opening the account which will stay in my account to buy shares and if want i can reversed it anytime to my bank account.

As i didnot had received any net passwords and received backoffice details and password on mobile sms i was trying this option.

As the whole amount of 5490 was being shown in pay out screen i just tried to see how reverse transaction works.I did see 0 balance in my back office but even after 4-5 days i wasnt able to see the reverse in my bank account.
when i called angel helpline they let me knew that they have forwarded a cheque to the branch.I was shocked as i did gave a canceled cheque for RTGS hence i was shocked that wasnt being done.On asking the same at branch i did not got proper reply like'it was done from main branch etc etc'.I was like i am asking why not direct but still repeating the same.Also the person didnot handed over me my cheque saying i reversed the total amount at 490 is their account fees atmost he can cancel and reverse the cheque or i do give new cheque of 490 buks than only he will give the following cheque.I said better cancel your cheque.

SO again the whole amount got reversed and again 5490 was shown in backoffice funds details section.

In the meanwhile on 27th i receive the welcome kit and again i am shocked which only has prevention booklet and thank you account open letter.and a slip book which we give to banks if we have trading account with them.

I thought i might receive the net password in few days via another courier.In the meanwhile on 4th coal india ipo allotment and listing took place.

In backoffice i cant see any share holding of same in my account plus it shows my account as offline.

So on live chat i asked for why i didnot received the password yet and i get another shocking reply that my account havent been activated for online trading yet and i have to make a trip to branch again.

I call the chap and he says if you want to sell the shares tell us we will do the need.

I said boss i told you on account opening only that i have to trade online no phone trading .Than he was like oh you want to do that again you will have to come here and meet our manager.I had a chat with him and he said via mail ill receive the mail and password.But again at my place on carefully observing the backoffice client details i found out that my email id was blank.So again i had to make a form download sign and same to be delivered at branch.

The chap said by monday ill receive the password ,yesterday i gave them my email id form signed at branch.

Now the problem for me is the local branch is working in lot of hidding manner with me

1::I want a trading account online.Not provided yet.

2::Even after rtgs application given still they havent did the same.I tried to repeat the procedure on backoffice but their mail id registration@ angeltrade.com id it fails.

3::I also wanted to trade in nsel and commodities this branch says we cant help as we dont deal in them.

4::If i raise a complain in backoffice they say it would be better i call them than backoffice as they grill them.But it is the branch which is not providing me proper service.

I am happy with net support of angel but really almost a month looks to be passing and still i dont know how this angel online stuff works.

On contrary hdfc though banking was really systematic.

I am also worried if again i reverse the 5000 amount in angel account again it will be passed as cheque rather than net transfer.

Any suggestion guys
Let me clarify , I am not a angle trader but I would like to comment one thing. before you could start your actual operation you have tried too many things . like reversing the amount and all. Application for IPO etc. I think you should have had allowed your account to become operational and then do whatever you want. All these brokers have their own systems and do what ever you want they will follow their own procedure. In one way they are also correct. They have offices spread accross india and it becomes very difficult to contact the concerned Dept. As regards me , I am operating with india infoline. i also have problems but cant help I am continuing with them for last six years and I think all brokers are more or less same.
Reply With Quote
  #3  
Old 18th November 2010, 09:38 PM
Member
 
Join Date: May 2006
Posts: 531
Thanks: 94
Thanked 111 Times in 86 Posts
magnet will become famous soon enoughmagnet will become famous soon enough
Default Re: My experince with angel broking

The amount reversing is taken care.

Now in order to be straight i am still waiting for my online account to get activated. Everyday they say it will happen.

Its almost a month and still no reply.

Now even the telephone help is like yes we did got your application and is on sos basis.

And still pay out is on angel name.They should have atleast call your cheque has come and do pay us the fees amount in another cheque.Which they didnt.

Planing to send cancel cheque via courier now as i am not trusting them anymore.

If within a week it doesnt happen ill close my account and will shift to my bank.

At least wont have been in such mess and would have invested in gravita ipo too.
Reply With Quote
  #4  
Old 7th September 2011, 09:44 PM
Member
 
Join Date: Apr 2007
Location: Bhopal
Posts: 160
Thanks: 37
Thanked 93 Times in 52 Posts
pokrate will become famous soon enoughpokrate will become famous soon enough
Default Re: My experince with angel broking

Angel is terrible.
Sharekhan is best by all bets.
Reply With Quote
  #5  
Old 8th September 2011, 02:06 PM
Member
 
Join Date: Sep 2010
Posts: 63
Thanks: 0
Thanked 18 Times in 18 Posts
sham_share singh is on a distinguished road
Default Re: My experince with angel broking

Quote:
Originally Posted by pokrate View Post
Angel is terrible.
Sharekhan is best by all bets.
Hi, I think you should call up their customer care number for assistance. They will be in a better position to help you.
Reply With Quote
  #6  
Old 8th September 2011, 04:51 PM
Member
 
Join Date: Sep 2011
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
chasingbeta is on a distinguished road
Default Re: My experince with angel broking

it will be true that now most are prefer like this


Reply With Quote
Reply

Bookmarks


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT +5.5. The time now is 05:25 PM.

Indemnity, Disclaimer & Disclosure Notice:
By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © www.Traderji.com 2001 - , All rights reserved.

Recommended Websites - www.TradersEdgeIndia.com - www.TradingPicks.com - www.MasterOfTrading.com

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247