Traderji.com - Discussion forum for Stocks Commodities & Forex

5paisa Banned more then 1500 scripts on their software without notifing their clients

Discuss 5paisa Banned more then 1500 scripts on their software without notifing their clients at the Investors Grieviences within the Traderji.com - Discussion forum for Stocks Commodities & Forex; haii RVLV is 100% rt indiabulls is gr8 in terms of brokerage and software Originally ...


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

Notices

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


Advertise Here

Reply
 
Thread Tools
Sponsored Links
  #11  
Old 21st December 2006, 07:54 AM
Member
 
Join Date: Aug 2006
Location: kerala
Posts: 143
Thanks: 0
Thanked 0 Times in 0 Posts
Appreciation: 20
kurian is on a distinguished road
Thumbs up Re: 5paisa Banned more then 1500 scripts on their software without notifing their cli

haii RVLV is 100% rt

indiabulls is gr8 in terms of brokerage and software



Quote:
Originally Posted by rvlv View Post
gents,

I have to say this truth though it is bitter

5paisa.com is not a straight operator.
They care a pin for their customers profits,
THEY DONT HELP when you need them.Poor service.
when you make losses,if you complain,they may not even respond.
================================
GOOD BROKER-define
has fast execution with low brokerage,helps daytraders to settle with decent price using autosquareup,avoids auctions at all costs,warns before any changes made to system,never blame internet for their serrver failures.
extends help in automatic manner to their customers.has a easy operating trading platform.Never makes too much of a profit at the cost of their customers.----------------------------------------------------------
Now llok at all those points which are in bold 5paisa does not do any of those things.

THEY MAKE MONEY AT THE COST OF THEIR CUSTOMERS.
LOSSES ARE A GUARANTEE IF YOU DAYTRADE.
THERE ARE VARIOUS TT5 VERSIONS AND their servers go off frequently
forcing relogin. Charges look cheap BUT OVER A TIME PERIOD you need a CA to find out how much more they made profit than you made LOSSES.
There are multiple charges.
There are hidden things behind.
and they never help their customers and in most cases I found if a novice daytrader enters a shortsell, chances are 99% he will be pushed to auction. 5paisa and helping their clints is 1000km away.
they have created problems and i myself stuck with some shares that go nowhere.
tHERE IS NO POINT IN PAYING A BROKERAGE ABOVE 0.03% for daytrading.
-------------------------------
BIG WARNING
ALL SHORT SELLERS GET OUT FROM 5PAISA IF U WANT TO SURVIVE.
wHERE TO GO?
go to indiabulls.com with autosquareup at 1500hrs-no chance of auction at all
--------------------------------

Indiabulls trades are perfect in price.squareup occurs at 1505 to 1515 hrs

There are others sharekhan.com, icicidirect.com(costliest broker in india at all times)
Business with a small profit is fair.Business that prospers at the cost of its clients will see them running away sooner or later.
rvlv
Reply With Quote
  #12  
Old 22nd December 2006, 09:20 PM
Member
 
Join Date: Nov 2006
Posts: 75
Thanks: 0
Thanked 0 Times in 0 Posts
Appreciation: 20
tintin8801 is on a distinguished road
Default Re: 5paisa Banned more then 1500 scripts on their software without notifing their cli

the 5 paisa people called me up and confirmed me that that there has been no ban as such and they can see the names of those script in the advanced terminal right now( the market is closed now as it is off hrs)
can any 1 pls confirm this? someone who is using the terminal? by baning does it mean one is not alowed to trade , while can see the price of the scripts? what exactly does it mean?
i want 1st hand info from my felow members as 5 paisa people may be deceiving me!!

pls help

thanks
regards
Reply With Quote
  #13  
Old 27th April 2007, 02:17 AM
Member
 
Join Date: Jan 2007
Posts: 16
Thanks: 0
Thanked 0 Times in 0 Posts
Appreciation: 20
mohitgupta_2001 is on a distinguished road
Default Re: 5paisa Banned more then 1500 scripts on their software without notifing their cli

Deficiency in Service by INDIAINFOLINE SECURITIES PVT. LTD. Illegal trade done in Client A/c,Misuse of instructions

5PAISA.COm a big FRAUD co, cheated on me with illegal trade done in my a/c.i said to COVER BUY they did SHORTSELL more 765shares TECHMAHINDRA n looted me of Rs.108500 ,my career is ruined by 5paisa.com *****


Please HELP me for a Problem of Deficiency/Fraudelent in Service.

I have been cheated/fraud done upon by INDIA INFOLINE SECURITIES PVT. LTD.& its working staff in Delhi.

SEBI Registration No.INB 231097537 & INF 231097537-NSE & INB 011097533-BSE.
A national level stock broking house,an its major co. is listed on national bourses too with the name of INDIAINFOLINE LTD.

Registered with an office address:-Bldg.24,1st Floor,Nirlon Complex,Goregaon(E) Western Express Highway,Mumbai-400063

I have been trading into stocks since March 2004 as an registered client of 5paisa.com(india infoline securities pvt. ltd.)broking subsidiary in New Delhi.

My Trader Terminal Id with 5paisa.Com is MOHIGUPT.

On 13th April 2007,i had traded Short-Sell 867 Shares of Tech Mahindra @1452<avg.-Cash-Nse-Intraday>

During the mid-course of trading hours i covered 103Shares of TM leaving behind 764 Shares still in Short Position,

At that moment connection to my TRADING TERMINAL server got broken,due to some problems at IndiaInfoline end.

So,in order to Buy-Cover my left over short Shares i Called up my RM in indianfoline Mr.Parul-Gupta(Posted @Kirti Nagar-Delhi Branch),i sincerely told him to BUY-COVER 765 Shares of TECH MAHINDRA for me @ the MARKET PRICE.

**Within seconds over the phone he told me that my order has been covered.**

Surprising facts are:-

1)I got to know instead of buying required qty. of stocks he/(RM-Dealer) mistakenly OR Intentionally Short 765 Shares@1489 more taking my Toll of Shorted shares to 1529Shares(Amounting >Rs.22.5Lacs)and market closed thereof.

2)How can they trade that much amount on one side of trade(Sell/Buy) in my trading account,when my account don't have that much margin funds available or ineligible for the amount of trade executed.

3)Next day,when i saw my contract note for (13/04/2007),i was shocked to see my trading account freezed and its in SHORT of 1529 Tech Mahindra Shares.

3)Immidiately i called up my RM,Mr.Parul Gupta,he told me that yes he know what has happened & accept that this was done due to a fault by trading dealer@ office,and he will do whatever he can to rectify the problem(wrong/fraudlent trade executed).

4)On 15th April,My RM Mr.Parul Gupta told me that he has saved me from penalties of AUCTIONING OF SHARES(for mistake which i have never committed)& sounding like threatning me for no good cause.

5)Now My RM Mr.Parul Gupta(IndiaInfoline Securities Pvt.Ltd. Employye) is saying that he can't do anything.
Whatever has done can't be changed.
Now not even picking my repeated phone calls.
---------------------------------------------
Now ,i don't have any other option out for saving myself from this severe unbearable loss of Rs.1,25,000(Approx.) caused by DEFICIENCY IN SERVICE OF INDIA INFOLINE SECURITIES PVT. LTD.
---------------------------------------------
Also,this tends to bring a severe Toll on me in form of Mental Trauma ,Stress caused due to many unslept(highly depressed) days & night.
********************************************
As,i am a young age man,Aged just 22+.

I am involved in several other acts like,i am studying MBA-Finance(DLP) from ICFAI Hyderabad.So,i am not able to work on any front,neither study nor work.

I have took Stock Market Trading as an career option for myself with my studies going on secondarily,
I opt out from regular MBA option just to pursue my most fascinated Technicals,Stocks,Number crunchers,charts,financial statements Balance sheets etc..

But,where would i move now?

But,now i am starnded in nowhere,as all my money is being vanished by aforesaid FRAUDLENT trade done on part of India Infoline Securities pvt. Ltd.
adding to my mental agony as i don't have
more capital to start afresh.(as suggested by Mr.Parul Gupta RM-Indiainfoline)
Its seems my career is RUINED mid-way.
I have no other way to look for help.

I would like to raise a case against INDIA INFOLINE SECURITIES PVT. LTD. in National Consumer Forum,New Delhi also for the unbearable mental agony caused,and fear created for loss of career ,livelihood & financial compensation.

These big private broking houses thinks that an common man can't sue them as they have all well prepared with big Lawyers etc.

Now,i am in such a depressed situation thinking what would i do,if i don't get justice.

Where would my most passionate(technical stock market trading)work moves from here?

Still i believe in esteem INDIAN LAW.

HELP ME FOR JUSTICE!!!!

In hope of earliest consideration!!

Thanking you

With Regards

Mohit Gupta
Small Trader-Investor

Delhi

Mobile:- +91-9811803656
Cell No:- +91-9313424339
Email:- mohitgupta_2001@*****.com
mohitgupta_2001@*******..com
Reply With Quote
Sponsored Links


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

Similar Threads for: 5paisa Banned more then 1500 scripts on their software without notifing their clients
Thread Thread Starter Forum Replies Last Post
Scripts Below Rs.25 bse_nse Equities 5 3rd May 2008 08:12 PM
KARVY Fraud in MCX (Clients grievance) Maheshwar Investors Grieviences 33 16th May 2007 04:57 PM
Scripts MAde NEW LOW ON 07/06/08 bse_nse Equities 3 7th June 2006 06:20 PM
11 Kolkatta brokers banned vince Brokers & Demat Matters 1 30th September 2005 09:15 AM


All times are GMT +5.5. The time now is 02:57 AM.

Indemnity, Disclaimer & Disclosure Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum Rules Disclaimer & Disclosure and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum.
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. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
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 of 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. If you 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 © 2001 - 2008, Traderji.com All Rights Reserved.

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