Angel Broking Charged Unjustified Trading Commissions
Angel Broking Charged Unjustified Trading Commissions
Investors
may be quite immune to lame marketing scripts such as“Invest US$300 and
get US$3,000 of returns in 24 hours”. But when the scam broker claims
to offer high returns for low brokerage rates, investors may not realize
its a trap.To get more news about WikiFX, you can visit wikifx official website.
Recently, an Indian investor complained against the broker Angel
Broking for unjustified deduction from his trading account, hoping to
bring the broker to justice. The complainant told WikiFX that he was
attracted to Angel Broking for its so-called zero cost brokerage.Angel
Brokings advertisement on moneycontrol, an established Indian financial
media
But not long after he made his deposits, investor received
several confirmation text messages of account deduction generated by the
broker, each time for 800 rupees.
Through observation, the investor found that every transaction from his
trading account will generate an automatic deduction of account balance
which goes to the broker. He complained that Angel Broking‘s
advertisements about “zero commission” is an outright lie as they make
unreasonable deduction of investor’s account and exploit investors
trust.
We may conclude that Angel Broking is an illegal broker
which tries to lure investors to its trap with the bait of so-called
“zero commission”. Per checking WikiFX App, Angel Broking is rated at
only 1.20 and is currently unregulated, so please stay away!
In
India‘s forex market, there are still many brokers like Angel Broking
that try to scam investors by claiming to charge attractively low
commissions. Major discount brokers in India like upstox and Zerodha are
also being heavily complained recently for withdrawal failure, trading
server lag and causing unjustified losses. Indian investors should
definitely be more aware, as many investors choose a broker solely base
on its commission, yet seldom pay attention to the broker’s compliance.
Even some brokers on the regulatory list of SEBI are not necessarily
reliable and worth-choosing. Stay tuned as WikiFX continues to present
you latest exposures of Indian forex brokers.
So far, WikiFX App
has included profiles of over 18,000 forex brokers around the world,
while integrating broker information query, exposure, news feed and
other functions, offering investors 24/7 services.
To report illegal traders, please contact WikiFX official customer service at wikifx@wikifx.com.
You may also download WikiFX App and sign up as VIP member for more information and services.https://bit.ly/3ajawKO
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