Relationship manager and research team is not best in class. Most of the time their research and predictions were wrong. They traded without putting stop loss and I incurred high losses.
Ratings:
Brokerage - Average Account Maintenance Fees - Average Website Usability - Average Customer Service - Very Poor Overall Experience - Below Average
Never ever trust Indiabulls Ventures. They have not the right knowldge of market. RM does not study about market & ask to invest your money without any research & study of market. & then luck depends but in most of the cases money will flew & you have to suffer a huge loss.
Indiabulls, As they have flexible modal for brokarage, the RM promised me brokerage 0.25% for delivery but when I checked the contract note, the brokerage was 0.5%. When I went to his office again and told him WTF, he said there is some mistake at our end we will correct it asap.
I knew it was not mistake, he thought I wont check the contract note.
So be careful when u are signing contract notes and please review your brokerage statement regularly.
3.1.DeepakApr 17 2017 05:57:32 PM
The same has happened with me also.Indiabulls RMs are not at all trustworthy.They never do what they commit. They never give you such things in writing to avoid responsibility & after transactions they say they will correct mistake in future, but for past transaction client has to bear losses. Avoid Indiabulls it''s trap.
Indiabulls ventures is a trap as it''s RM(Relationship manager) service is really poor(for which they charge one of the highest rates of brokerage in industry), RMs never take up phone calls of clients & always give a broken record reply in SMS that you are not reachable. you feel worried about your hard earned money kept with such people.
Everybody must check contract notes for rate of brokerage charged, becait usually remains higher then promised by RM. RM always avoid to give anything in writing to escape responsibility of their words, due to which customer has to bear more cost. RMs are totally unprofessional. Due to this I have recently closed account with it. Thank God.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Below Average Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
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Ratings:
Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Below Average