16 July 2017, I joined Equicom as a premium customer I paid them 74000 for option trading.i had only 1 lacks investment. After paid the amount they forced me for joining the community service also even I didn't know about it. They told me if you won't pay the amount the service will be stop or can be other trouble for you. Already you have paid 75000 so pay only 50000 else that amount will be waste. I paid them 50000 also.
Now I started loss ,loss only loss after premium service I got lost.i lost my 1 lacks within 15 days .now they told me sir add only 50000 rupees we will recover all money and give you the best services this time. I trust on them now again loss.
Now they told me ki sir open other demat account in Angel broking I opened it by I didn't know how to use this account so the company member Arjun( Equicom), told me ki sir if you will give me permission then I can handle your account only for today I gave my user name and password now that day he lost my 80% of money .
After the next day all money I had loss. During the time period I made request for giving me good service but no.
This time period I worked only on option trading even I paid them cash and commodity also I told them to refund my these two account money bt they refused
The level of research is immature and deals stock market just like gambling or lottery. IT is for the benefit of all that I am sharing my experience here. On 20 sept I got a call from Mr Harsh and he did a lot of talks to convince fee for hiring their services. I told him clearly that I am not a intra day trader and normally operate in F&O with holding time till expiry and if required roll over also. After hectic deliberations for two days he connected the phone to one lady who said that we will provide you a trial of the type of calls I usually deal with. She also told me that first she will earn some profit for me and then she will take a portion of that for her services with detailed discussions regarding their plans after this profit. So on 22nd sept as per her advice I bought 5 lots of Sun pharma CE520 at 13.41. Immediately after buying stock started coming down so i asked her for a SL so that loss could be minimized but she kept me assuring that it will go up and finally asked me to keep open this position till Monday. On Monday it kept on falling and on my continuous discussion finally she asked me to square off the position at 4.8 making my loss at around 34700. Then I asked her how she was going to cover up my losses and Mr harsh again took over who asked me join his services by paying registration amount of 10000 rs otherwise he refused to entertain me further. After a lot of discussions I disconnected the call.
After around a month on 25.10 I got a call from mr sachin chauhan and he introduced himself as employee of the company and intimated me that he has been asked by the company to contact me for the loss incurred. I told him the complete case. He showed a lot of sympathy and assured me to cover up my loss. He then connected to one other lady who also did a lot of sympathetic talks with me and assured that she will cover up my losses on next day and then she said that I may consider joining their services after paying registration amount of 25000 for which I agreed. On next day ie on 26.10 she asked me buy 5 lots of ICICI bank at 307.5. Again after buying it started going done but the lady asked me to keep it as she told that it will recover soon. Finally when the rate went down to around 295 I called her and she told be square off the position giving me a lot of around 138000 within four hours.
I again asked her how my loss will be recovered and she again pressed me to pay her 10000 rs so that she will recover my loss. I flatly refused it on which she became angry and started shouting at me that I can bear a huge loss but cannt pay her 10000 rs and finally after some heated arguments I disconnected the call.
After one hour I again got the call from Sachin chauhan and this time he connected me to one of his senior fellow bhatia who first of all insisted me to pay 10000 rs and assued me to provide a service whose charge is 50000/- as per him. But I flatly refused to pay even a single penny unless my loss is recovered. He called me several times during the day and we had all sorts of discussion and he kept me pressing for paying 10000 rs which I refused.
Finally after a lot of deliberations he asked me to keep a margin of 5 lacs ready for the next day with which he assured to cover my losses. Next day he asked me to buy 50 lots of bank nifty at around 180 rs. I confirmed him the purchase but actually I did nothing. After some initial jumps the stock started coming down and he asked to bought further 15 lots at 140 which I refused then he asked me to keep my position open for next trading day. Next day morning the stock went up upto around 170 and bhatia called me and said see my call is working but after that it again went down and closed at 143. In the evening I got a call from chauhan to confirm whether my position is open during which I asked him strictly to not call me again.
CONCLUSION: THE PURPOSE OF NARRATING SO LONG IS TO EDUCATE OTHER FRIENDS NOT TO FALL IN TRAP OF THESE BUGGERS. BASICALLY THEY GAMBLE/ SPECULATE ON YOUR MONEY. IF YOU LOOSE FIRST THEY INSIST TO PAY SOME MONEY TO THEM BUT WHEN SOMEONE LIKE ME REFUSES THEY KEEP ON DOING THE SAME TILL YOU MAY GET SOME GAIN SO THAT THEY CAN EXTRACT SOME MONEY OR THE LARGER PROBABILITY IS THAT YOU WILL LOOSE ALL YOUR MONEY. THE MOST UNFORTUNATE ONES WILL GAIN SOMETHING IN THE BEGINNING THROUGH WHICH THESE FELLOWS WILL EXTRACT SOME MONEY AND THEN AFTER THAT THEY WILL KEEP EXTRACTING MORE MONEY IN THE NAME OF BETTER PLANS TILL THE TIME YOU LOOSE ALL YOUR MONEY. AS PER THUMB RULE OF TRADING ONE SHOULD INVEST ALL HIS MONEY IN ONE SCRIPT SO AS TO ENSURE AVERAGING IN CASE OF LOSS BUT THEY DO EXACTLY OPPOSITE IE WILL PLACE ALL MONEY IN ONE SCRIPT. IF YOU GAIN THEY WILL DEMAND A BIG CHUNK AND IN CASE OF LOSS IT WILL BE ALMOST NON-RECOVERABLE. THE THIRD THING IS THAT EITHER THEY WILL NOT GIVE ANY SL OR SL WILL BE TOO DEEP RESULTING HUGE LOSS AND THIS SHOWS IMMATURITY OF THESE SO CALLED RESEARCHERS.
So my advice is to keep away from such frauds and keep your money. The best way to invest in stock market in mutual fund but still one wants to enter into stock market go for a bigger and trusted name rather than these sadakchhaps who will loose all your money over a period of time.