Beware of 5Paisa/Indiainfoline - TTAdvance!!

[bangerabs]

Those who continue with India Infoline are doing so either simply accepting whatever comes or have not seen other broking firms. I have worst experience with them and they train their executives to cheat people. They are the worst brokers I have ever known. Hereby I just would like to caution those who are continuing with them to keep watch on their ledger and other deductions, calculations etc.

Those who are looking to open new a/c., my suggestion is , it is better to go to any other brokers.

They refuse to honour DIS, they refuse to withdraw money. they refuse to close trading a/c., they refuse to close dp a/c.

 

[atulaw]

Sue them...


Whats stopping you?

 

[bangerabs]

What prevents one is firstly Time factor. Secondly money factor. In case I sue them, by the time result is out, my sun would be setting. Even if I see the result before sunset, I would be spending more than our legal system would ask them compensate.

But, I hv taken up the issue through NSE. So far, I have been observing that NSE promptly takes action. Hence, I hope they will give me justice.

Yet, I do not know how others regard it as one of the better broking house and recommend. According to me, even their s/w is no where nearer to India Bulls 'Power India Bull' or Sharekhan's 'Tiger Trade'. Though I have experience with other brokers as well, I do not remember or know recent changes in their system.

Besides, there is no customer service from India Infoline. They do not respond to any of my e-mails. Even they have not honoured my DIS, inspite of holding entire years subscription towards DP charges. I only request the members to go through my complaints against them, before they take decision to open account. One thing is sure: They train their boys or girls as to how to fool the people and trap by promising heaven and showing hell. I have lost few thousands for nothing. Who would like to pay more when already enjoying lower brokerage thr: other borkers?. I opened account since their baby promised repeatedly that she would be offering still lower brokerage as compared to others. When I asked her to give me in writing, she refused saying she had discussed with her 'boss' who had agreed to the lower brokerage.

I suggest people to check up with India Bulls who offer lower brokerage depending on volume. Besides, their customer service has improved a lot. PIB is excellent, faster. Hence, I think, it is one of the best broking house along with Sharekhan, ofcourse.

 

[accentindia]

Hi Good day, I am recent victim to Indiainfoline. I have an DMAT Account with Indiainfoline. I am small time investor. I used to buy shares in small quantity.
1) I do day trade once in a while. Recently i put a Order to buy shares of a company. Price of that particular share wentup and i realised it it not worth buying it. Hence i cancelled the order. TT did not gave me a "Cancelled" message, Hence i called Indiainfoline office and asked them to cancel the order. They confirmed to me that order got cancelled. That day night i got Automatic SMS from IIFL saying i bought that shares and i have that amount pending to pay. Next day when i called them manager asked me to sell all the shares. In this process i lost money because price of this particular share had came down dramatically. Since the manager had promised me to solve and refund amount i decided not to bother much.
2) Few days later Manager called and said all the problems are sorted out. I can do a test trade and cancel it. As per his advice i did that. Again it did not gave me any message when i cancelled it. For my unluck price of that share came down that day afternoon to the price what i had put. This time i had captured every screen shot at every stage. I forwarded everything to manager. He promised to solve and accepting that they have some problem with their TT. After a week he called and asked me to settle pending amount for wrongly executed order and promised in due course all charges will be reversed. believing him i transferred amount for the trade executed because of their mistake. Its almost a month since then, I am following up with this manager. Sending emails. He is saying he is helpless as problem has to be sorted out by technical guys who are sitting in Mumbai. Now i am not getting any response from anyone.

So guys please DON'T EVER do the mistake of opening DMAT account and Trading with INDIAINFOLINE. They are a bunch of CROOKS sitting there just to rob small investors money.

If you the proof - and want to see the detailed step by step screenshots Do write to me @ [email protected]

wow amazing number of complaints regarding india infoline

in any sector of business there will always be people who will set standards of croookedness and cheating,:annoyed:

 

[bangerabs]

Hi, kindly do read my articles on India Infoline.

 

[j_jindal1]

How to withdraw money from indiainfoline.... there is a link for fund transfer but no link for withdraw money..

 

[naveeed_world]

simply double clock on stock name

 

[krm]

simply double clock on stock name

?????????????

 

[isaraswat]

Bust & but hard their buttocks & spread this message to all who have been cheated. I tell u this is the only solution.Make group of say 100 cheated innocent people like u & me and force them to surrender.
Keep on raising yur voice & attack and threat them in group -we will win.
sueing & dragging to court/consumer forum must also be done.But first is to get immediate relief.
Ish kumar
9649591000

 

[isaraswat]

Bust & but hard their buttocks & spread this message to all who have been cheated. I tell u this is the only solution.Make group of say 100 cheated innocent people like u & me and force them to surrender.
Keep on raising yur voice & attack and threat them in group -we will win.
sueing & dragging to court/consumer forum must also be done.But first is to get immediate relief.
Ish kumar
9649591000