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Investment Multiplier Financial Services - False promises dishonor of agreement

SANDEEP KUMAR BEHERA filed complaint against Investment Multiplier Financial Services on May 16, 2022

Advise: After burning more than Rs * lakh, my honest advise is, please stay away from Intraday trading. You will lose all your hard earned money, unless you have a lot of money and you are fine with gambling. If you are salaried person and earning anything less than Rs * lakhs per month, then please don’t waste your money.
Now, coming to “Investment Multiplier Financial Services”, I had opted for their ‘Combo OPTION Services’, which was worth Rs *,**,*** (for * months of service), although they agreed that I can pay that in instalments. After paying them around Rs **,***, and losing around *.* lakhs in trading, they stopped the service, as * months were completed.
Their Modus Operandi: After getting your contact details, they will call you multiple times and convince you to buy their service. They will sell you a dream that you can easily earn *-** k per day, based on their trading calls and in * months, you can easily earn *-* lakhs. They had promised that the minimum amount that you would earn is *k per day. If you do not make a profit of *k, that day would not be counted and you would get extra day of service. They will also send you screenshots of others who have made big profits and also give you calls to trade. And, trust me, they have such great convincing skills that you would fall prey to their promises. They will also agree to take the money in instalments. However, once you buy the service by paying, maybe Rs **,***, within *-* weeks, they will ask you to pay the remaining money. So, you have no choice, but to pay them more instalments.
Regarding the Option trading, they will provide you *-* calls per day. Mostly the calls were for Banknifty, Nifty, ZEEL, Adaniports, Tata motors, and a few more. If you incur a loss, they will call and say that markets are not going as expected and they will recover the money later from the market.
One more thing to note is that all these trading advisers are based in Bhopal / Indore, and they seem to be all working together. There are around ***-*** of these advisory companies there & it’s a big mafia over there. They share the contact details of the clients with each other, so that after fooling a client, they can pass on that client to the other companies, so that they can also fool that client.
So, if you get a call from them, do not fall prey to them and control your greed.

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Complaint Status

Resolution Demanded:

Refund / Credit for purchase

Replace / Fix problem

Investment Multiplier Financial Services

7

Total Complaints

3

Total Resolved

42.86%

Consumer Satisfaction

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