Complaint against ICICI Direct and SEBI

Comments

3 responses to “Complaint against ICICI Direct and SEBI”

1. 

   SATISH TANEJA

   August 10, 2012

   Dear Patel the same situation is here also. Today I bought 50000 share of Birla Power solution at 0.30 paise and 50000 shares of Birla cotsyn at 0.20 the icici deductd 0.05 paise per share from my account. If they will refund then I will close my acount
2. 

   yuvraj singh

   October 31, 2013

   responce to above problem,
   sir before buying any penny stock u should know that the buyer of such stocks is very less (thats y there value is too low common demand and suppy concept ) and if u have purchased it then ofcourse company will charge more because they arrange a buyer of such stock for u otherwise u could not sell it..normal phenomena
3. 

   Ravi Prakash

   January 22, 2015

   I’m a icicidirect customer since 24 Nov 2013. My queries & doubts are about the brokerage charged which are not at all clear to me, as no single document clearly mentioned what is been charged, i have opted for OPM 195 plan thinking that options will be charged as per the the written plan details, but, No, It is all anonymously calculated in unjustifiable manner.

   Till now i have only lost heavily & more because of the your suspicious brokerage charges, i applied for icici direct upon being recommended by my father who is a long term cash segment investor (buy & keep), i never saw him earning any thing, instead only loosing money unnecessarily, he don’t even see the brokerage charges on his buy & sells, he is an investor since more than 12-15 yrs, his 50 lacs portfolio has strunk to 15 lacs now & upon seeing his porfolio, it doesn’t seems to even get his capital back, as he is not aware of other options which are offering very much better brokerages today. Now i have already burnt my hands into your stuffs, before, leaving this platform i thought of making you aware why i left it, it matters to your or not, i don’t think, as what i saw up till now it was only & only for your own benefits. Options are enabled & disabled as per your wish, the people who buys options, they never know when they are get disabled & no body even if interested in buying are allowed to buy them, all goes worthless (Why such limitations are imposed on the name of liquidity?, when your are your self limiting the buys interests? if they are disabled than how the liquidity will come in picture for those options)

   Options are heavily charged on buy side as well as on Sell side? i bout options for Rs. 3200, 16 lots of Nifty (as per OPM 195 plan, 10 lots brokerage = 195 + (6 * 15) = 285), even you double it it won’t come to 2000 on every buy & sell side, the brokerage i paid for above in total is Rs. 4000, when i sold it in profit of Rs.2.22/Scrip (Rs. 888 Profit), now the brokerage i paid is 4000, i’m left with Rs.2200??? How? even after selling on profit!!

   The Large intra day Deals are done mostly on the scale of 1 paisa profits, but, if there brokerages are so heavy on buy as well as sell side, No Body can earn any thing, but, only loose heavily, including their capital.

   They poses as customer oriented, but, it is nothing more than robbers in white colors.

   Their all plans are made to such the consumer money heavily, in Margin plus orders, they only allows market orders, if the i’m looking to earn from an oscillatinf price movements whose range in 1 – 5 paisa. Whatever i do, i have to pay 3-4 times more money to icicidirect whcih will vanish my investment + profits.

   I request to not fall in the trap of these frauds.