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Drift Financial Services - Loss by Investment Advisor

Swajit Singh Goud filed complaint against Drift Financial Services on May 24, 2019

I have taken a plan from Drift Financial Services (SEBI Number: INA*********) an Investment Advisory firm located at Indore MP. After the initial payment of **,*** Rs, they have suggested some tips and within two weeks. I had a loss of *.* lakh. After every loss, they ensured that they will recover but nothing happened. At last on one they told that they will recover my loss by putting order though some Algo software where the order of several clients will be placed. I need to pay **% of the profit. They also told that the order will not be seen in my dear account. On the same day, they sent me a screenshot showing a profit of *,**,*** Rs after which they asked for **% of the amount in advance and told that profit money will come to my dear account in *-* day. I again paid **,*** Rs. to them but money did not come in my account even after ** days. They mentioned several reasons. Lastly, my demat account was forcefully closed by my brokerage firm. For this, my investment advisor told that money can come only in that demat account and if the demat account is not active it will take nearly ** days for clearance. In a duration of ** days I had a huge loss of nearly *.** lakhs. I request you to help me and get back money from such advisory firms.

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Complaint Status

Resolution Demanded:

Apology letter from company

Refund / Credit for purchase

Damages for loss and agony

Drift Financial Services

1

Total Complaints

1

Total Resolved

100.00%

Consumer Satisfaction

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