Hi Team,
I have opened my Sub-broker partnership with AngelOne with a 50K deposit and there is no commitment to generate forceful business from clients. By my best efforts I have achieved below client base and Equity AUM.
Now, AngelOne partners acquired my entire clients with them stating the direct/indirect reason that you should generate brokerage by forcing clients to trade Intraday/FnO etc else
we will close the sub-brokership. This is the biggest scam of acquiring clients from sub-broker and many people are losing hard earned money.
- ITRADESWTV(SWTV) - Royal TagTotal clients: 88
Equity MUTUAL FUNDS AUM: 97.3 Lakhs
- XPUSWIG(SWIG) - PARENT TAG
Total clients: 16 Equity MUTUAL FUNDS AUM: 8.6 Lakhs
Overall, my total client count is 104 with Total Equity Mutual Fund 1.059 Cr .This is just the performance of the last 2.5yrs.
My major clients are(short/mid/long term) investors and not traders. Hence, they do not do option or Intraday trading.
There was no clause in agreement to terminate sub-broker code if HIGH brokerage is not generated which is huge SEBI compliance if forced by broker and clients acquisition of partners clients.
Request: Please give my hard earned clients, 50K(Deposit) and their commissions. Also, enquire about AngelOne running this scam throughout India, thousands of sub-brokers facing this issue but very few might have approached you.
Appreciate your quick action on this and divert me to right person.
Thanks & Regards
Swati Gupta
+91-865742xxxx
- Thank You! We appreciate your effort.