Indiabulls forced me to sign power of attorney and mainting running account .

S

sanx

Member
#1
#1
India bulls forced me to sign on the Power of attorney page and also on the page to " To maintain a running account " .

I tried to resist much , but they said they will reject the application . They have only printed its not mandatory and they forced to sign on the application .

They say SEBI put all the things ,we cannot follow all that .. .

I had no choice .:mad:

-Sanx
 
A

ARMHM

Active Member
#2
#2
sanx said:
India bulls forced me to sign on the Power of attorney page and also on the page to " To maintain a running account " .

I tried to resist much , but they said they will reject the application . They have only printed its not mandatory and they forced to sign on the application .

They say SEBI put all the things ,we cannot follow all that .. .

I had no choice .:mad:

-Sanx
Click to expand...
Although it is not compulsory to give POA but for an active trader it is a necessity and to avoid the hassle of paperwork (delivery instruction etc.). There is nothing wrong if you sign a POA in favour of a registered and reputed broker.
 
mahesh2007

mahesh2007

Active Member
#3
#3
Though IB provides one of the best trading platform,it is notorious due to it's RM's.
I am presently living in a small town of MP,and there a IB franchise closed it's shutter and ran away.Rm's used to trade surreptitiously in the clients account to generate brokerage.
it was heard that RM's were instructed to generate brokerage ten times of their CTC.:eek:
I have still not mustered courage to open account with them, thoug I am waiting for more feedbacks to take the decision.:confused::(
 
S

sanx

Member
#4
#4
@mahesh you can open the account any where in INDIA , not only at your location . Try it out . If you monitor your account on day to day basis it should not be a problem opening account any where .
 
R

ratan jain

Guest
#5
#5
sanx said:
@mahesh you can open the account any where in INDIA , not only at your location . Try it out . If you monitor your account on day to day basis it should not be a problem opening account any where .
Click to expand...
Comfort factor with indiabulls is increasing I can see :)
 
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