Equitics Global Research
- A fraud company Closed
Adil Mohd filed this complaint against Equitics Global Research on Mar 08, 2020
Conclusion:
Opted Emarald package (paid *,**,***) on ** April ****, till now it's not completed and I am in loss of * Lacs. And they don't even care.
Detailed:
I availed coral services offered by you, it went well after providing extra margin (apx * lacs) and time(more then * months) to your executive Meet. After that I upgraded to Emerald service on ** April, **** on following conditions strictly discussed with Meet, else I wasn't in condition to go for it:
I need the capital with expected profit till ** June, as I have to go to Haj in Aug **** and hence need to pay for it till June **, ****.
I can provide only *.* lacs capital for the package. Out of which I withdrawal *.** lacs as * lacs amount wasn't even touched in past *.* month.
Meet committed, he will complete at least **% till the provided date (** June, ****).
I asked Meet, elections are coming market will be un-predictive, so how will you manage to get the profit; his reply was 'ho jayega sir'.
Current condition:
Through emerald package only **k is achieved till date, which isn't even **% of the expected profit. PFA. In attachment it also include the profit of coral package, which was ** K.
Total * positions are stuck; out of which * are stuck from *-* May, **** and * are stuck for last one week. And there are very strong signals of experts that market will come down to significant points, and my all positions are for long. .
Solution: I am seriously expecting from you (Equitics as an organization).
No actions has been taken so far in this regards.
The positions which were dragging from *-* May have been cutt off due to extreme loss, all in all I am in loss of ****** in my emerald package.
I withdrawn all my amount as per the agreement
Hi,
Please ignore my today's previous email.
No actions has been taken so far in this regards.
The positions which were dragging from *-* May have been cutt off due to extreme loss, all in all I am in loss of ****** in my emerald package.
I withdrawn all my amount as per the agreement with RM done at the time of joining, and market went very poor after that broker would have cutt down all the positions till now.
I started * inning with Meet (my RM) with capital of ****** and confirmed him if things goes well I'll increase the capital. And I asked him to do intraday only; each trade must be done with proper target and stop loss, but he didn't adhere to that after giving more than *.* lacs of loss, he again got stuck by loss of **k in running position of Jindal steel. I specifically asked him to put stop loss when it was in loss of *k but he didn't.
It'll again take months to wait for profit in this position, even nobody can confirm that too.
Now;
I want to know why can't you trade with stop loss If you don't have sure trades or your sure trades aren't going your way?
What is your org structure, I asked this multiple times to Meet but he never answer that, who is his senior I don't know, either you have more experienced / expert guy, If you have any, I think for Emerald package you should assign me more senior / expert.
I have only one point of contact, and he **% not pick up the calls and neither replies the missed calls. Till now I am in impression Equitics only have Meet to do the trades, whom trading style I don't like now.
I have cancelled my lifetime goal of Haj, left my job but all went waste. But I still have believe in equitics or your reply will make me believe or disbelieve.
My earlier complaint went in air, I am in hope this time, if it again goes waste then I won't stop here, I'll keep proceeding to next level.
As I told earlier too, I had big plannings with Equitics but you made it difficult for me to sleep well at nights.
Are you brand?
Are you Lawyer?
Resolution Demanded:
Refund / Credit for purchase
Damages for loss and agony
Equitics Global Research
Resolved
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