Who are the worst brokers !

rocksan · 1 Who are the worst brokers ! Sun Aug 14, 2011 12:21 pm

rocksan

Manager - Equity Analytics

Posts : 107
Equity Stars : 5140
Reputation : 11
Join date : 2011-03-27

Asha philips - doesn't care about retails

Capital alliance - reluctant to give online trading and clueless investment advisers

SC Securities - Total disarray when sending refunds and clueless investment advisers

Last edited by rocksan on Sun Aug 14, 2011 12:48 pm; edited 1 time in total

Roboticfx · 2 Re: Who are the worst brokers ! Sun Aug 14, 2011 12:47 pm

Roboticfx

Senior Vice President - Equity Analytics

Posts : 1858
Equity Stars : 8106
Reputation : 131
Join date : 2011-07-16
Location : 5° 55'N - 9° 55' N and 79° 42'E - 81° 52E'.

S C Securities company is a hell. Gevana Ganatath Nayai! Mad

jaya · 3 Re: Who are the worst brokers ! Sun Aug 14, 2011 1:15 pm

jaya

Assistant Vice President - Equity Analytics

Posts : 647
Equity Stars : 6005
Reputation : 11
Join date : 2011-01-25

ACUITY is OK, defend on the adviser so far so good more than 12 years (Previouly HNB stock Brokers)

rocksan · 4 Re: Who are the worst brokers ! Sun Aug 14, 2011 1:26 pm

rocksan

Manager - Equity Analytics

Posts : 107
Equity Stars : 5140
Reputation : 11
Join date : 2011-03-27

I hate advisers who ask us to buy when counters reach the peak speculating it will go up further without any fundamental reason when the price go down we are stuck with a loss making counter

StocksWatch · 5 Re: Who are the worst brokers ! Sun Aug 14, 2011 2:14 pm

StocksWatch

Assistant Vice President - Equity Analytics

Posts : 720
Equity Stars : 6015
Reputation : 186
Join date : 2011-02-12

rocksan wrote:I hate advisers who ask us to buy when counters reach the peak speculating it will go up further without any fundamental reason when the price go down we are stuck with a loss making counter

That may be because they want buyers to distribute the shares of their favourite customers. I am always skeptical about these broker advices. I have heard numereous horrible stories in the past.

RealViewer · 6 bad broker Sun Aug 14, 2011 3:47 pm

RealViewer

Senior Equity Analytic

Posts : 51
Equity Stars : 4947
Reputation : 11
Join date : 2011-07-27

Ceylinco Brokers

I cant say worst. but bad, no comparison with others.

For me they are not providing fundamentals.
No Mobile facility.
Cant invest or withdraw money quickly. indirect deposits (through banks) will take 4 to 5 day.

these are from my personal experience.

dewminigamlath · 7 Re: Who are the worst brokers ! Sun Aug 14, 2011 4:19 pm

dewminigamlath

Manager - Equity Analytics

Posts : 126
Equity Stars : 5107
Reputation : 18
Join date : 2011-06-12
Age : 37
Location : Yakkala

Asha Phillip provides online trading only when your portfolio reaches Rs.200,000. So I think it's not very good for small investors. I hear Asia Securities and Capital Trust gives online facility without such limit.

RockStock · 8 Re: Who are the worst brokers ! Sun Aug 14, 2011 6:13 pm

RockStock

Manager - Equity Analytics

Posts : 223
Equity Stars : 5321
Reputation : 37
Join date : 2011-01-27

Every broker firm has clueless advisers, not sure they are qualified as advisers.
Two weeks ago I asked my adviser to tell me some good counters for medium to long term investment(Though I never follow their advise). He replied me that long term investing is not going to work these days, and advise me to buy Chilaw Finance and CLPL warrents affraid

wiki · 9 Re: Who are the worst brokers ! Sun Aug 14, 2011 7:00 pm

wiki

Assistant Vice President - Equity Analytics

Posts : 687
Equity Stars : 5898
Reputation : 41
Join date : 2011-02-03
Location : Colombo

StocksWatch wrote:

rocksan wrote:I hate advisers who ask us to buy when counters reach the peak speculating it will go up further without any fundamental reason when the price go down we are stuck with a loss making counter

That may be because they want buyers to distribute the shares of their favourite customers. I am always skeptical about these broker advices. I have heard numereous horrible stories in the past.

This is true.... this is happening... I too was a victim when I started Twisted Evil

bsgamo · 10 Re: Who are the worst brokers ! Sun Aug 14, 2011 9:29 pm

bsgamo

Stock Trader

Posts : 7
Equity Stars : 4861
Reputation : 0
Join date : 2011-08-06

Capital alliance Advices are worst. They never advice for any thing. Even though we asked, they (she) ignore it. Never reply e-mails. So I used to asked every things from their CEO then. He is a good guy.

Market.Player · 11 Re: Who are the worst brokers ! Sun Aug 14, 2011 9:54 pm

Market.Player

Senior Manager - Equity Analytics

Posts : 374
Equity Stars : 5317
Reputation : 22
Join date : 2011-08-14
Age : 59
Location : Thailand

I am Playing with Asia & My advicer most of times depend on my advices. At least he don't know How to read financial statements.Most times he is buying shares for others with my advice.

rocksan · 12 Re: Who are the worst brokers ! Sun Aug 14, 2011 10:33 pm

rocksan

Manager - Equity Analytics

Posts : 107
Equity Stars : 5140
Reputation : 11
Join date : 2011-03-27

bsgamo wrote:Capital alliance Advices are worst. They never advice for any thing. Even though we asked, they (she) ignore it. Never reply e-mails. So I used to asked every things from their CEO then. He is a good guy.

Ohhh my I feel sorry for you mate, I have the same problem with capital alliance Crying or Very sad

I think they should train their people or recruit some good FA's with education and knowledge

dil7 · 13 Re: Who are the worst brokers ! Mon Aug 15, 2011 5:27 am

dil7

Equity Analytic

Posts : 27
Equity Stars : 4911
Reputation : 0
Join date : 2011-07-21

Capital trust is fat better than Bartleet. I was started with Bartleet and started onther account with Capital. Their online system, Advices are more professional and accurate than Bartleet. If I score Capital online system 8 out of 10 , I should give only 2 out of 10 for Bartleet.

swan03 · 14 Re: Who are the worst brokers ! Mon Aug 15, 2011 7:40 am

swan03

Vice President - Equity Analytics

Posts : 1241
Equity Stars : 6923
Reputation : 84
Join date : 2011-01-31

SC securities.

SL.Market · 15 Re: Who are the worst brokers ! Mon Aug 15, 2011 9:03 am

SL.Market

Vice President - Equity Analytics

Posts : 1340
Equity Stars : 6951
Reputation : 146
Join date : 2011-03-15
Location : Colombo

I have account with NDB... It is not worst but there are things to adjust
They are...
Rights not convert if the balance not in account in advance
Special Predictions(They said Sey value 120 when it is 80 and then drop to 65,Latest they saying NTB value 100, i m afraid coz holding 65 avarage, after their prediction i dont know what happen will go to below 50?)

Capital Trust....

They are not giving account statement in their system.. careful..
NDB giving this coz nothing to hide.

acrbandara · 16 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:48 am

acrbandara

Stock Trader

Posts : 5
Equity Stars : 4907
Reputation : 0
Join date : 2011-06-23
Age : 42
Location : Colombo

I also agree with you all

I have the same problem with Asha philips Crying or Very sad

AcR

snowball5 · 17 Re: Who are the worst brokers ! Mon Aug 15, 2011 3:19 pm

snowball5

Stock Analytic

Posts : 14
Equity Stars : 4890
Reputation : 0
Join date : 2011-07-19

NDB stock brokers are the worst. They don't tolerate retailers. I had a broker there.He doesn't even bother to answer a call. One day when I went to its office to meet my broker, the lady who was in the reception told me that I can't talk to him because he is busy. (It was the Softlogic IPO openiong day)

It also take nearly a week to send a cheque

Capt · 18 Re: Who are the worst brokers ! Mon Aug 15, 2011 3:45 pm

Capt

Senior Equity Analytic

Posts : 77
Equity Stars : 5158
Reputation : 9
Join date : 2011-02-22

To me Bartleet is the worst...
Their online system sucks. I don't know how they treat big investors but they don't even respond or answer our calls..

JB is the best for me. The Adviser is very friendly and knowledgeable. Also their system is fantastic.

Note: I have worked with very few brokers only.

rijayasooriya · 19 Re: Who are the worst brokers ! Mon Aug 15, 2011 4:47 pm

rijayasooriya

Senior Vice President - Equity Analytics

Posts : 1827
Equity Stars : 7006
Reputation : 134
Join date : 2011-05-25
Location : Matara

SL.Market wrote:
Capital Trust....

They are not giving account statement in their system.. careful..

Log in to Atrade system.Then we can get account statement.DirectFN does not provide that.

kansai · 20 Re: Who are the worst brokers ! Mon Aug 15, 2011 5:30 pm

kansai

Equity Analytic

Posts : 26
Equity Stars : 5035
Reputation : -1
Join date : 2011-03-17

I have lost the faith on brokers long ago. Most of them are either clueless, ignorant, omit or take us on a ride most of the times as I understand. I just get their information as a routine but never consider those as buying or selling advises. I just do my home works and take my decisions.

My last experience was during the previous BFL rally where my broker was calling me several times to advice me to dispose my shares around 420/= .It was obvious that it was going up with a good buying pressure and I was in a comfortable position to hold on some more days. I still can not justify why he made that suggestion. What ever I just kept the shares and disposed it around 480/=.

This time he is advising me to dispose some of my GREG.W0006 at 34/= . Need to work on that and think little more. Laughing

SalliMalli · 21 Re: Who are the worst brokers ! Mon Aug 15, 2011 9:18 pm

SalliMalli

Stock Analytic

Posts : 12
Equity Stars : 4899
Reputation : 0
Join date : 2011-07-14

do you guys communicate with you brokers on a regular basis??. for me I dont get any advice , news, help .. nothing!!!

damayanthi · 22 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:00 pm

damayanthi

Senior Equity Analytic

Posts : 86
Equity Stars : 4978
Reputation : 3
Join date : 2011-08-15
Location : Colombo

in my opinion SKM is the worst. i tried out with 2 advisors and both burnt my funds with wrong decisions taken without notifying me . Today my entire pf is a loss. The Chairman when informed about the brokers, defended them when its obvious that the decisions and methods used were incorrect and against the laws of CSE.

milanka · 23 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:17 pm

milanka

Vice President - Equity Analytics

Posts : 1102
Equity Stars : 7047
Reputation : 164
Join date : 2011-01-28
Location : Q Soft.

damayanthi wrote: The Chairman when informed about the brokers, defended them when its obvious that the decisions and methods used were incorrect and against the laws of CSE.

I think you must provide a much detailed explantion on what happend to you so that at least others would avoid these brokers.

damayanthi · 24 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:38 pm

damayanthi

Senior Equity Analytic

Posts : 86
Equity Stars : 4978
Reputation : 3
Join date : 2011-08-15
Location : Colombo

SKM lanka does not allow internet access to both the client as well as to the broker. Its either one or the other. In this instance the broker had the use of the internet ac. So the understanding was that the broker would send an email statement every time a transaction had taken place , either a buy or a sell. In this instance, the broker bought stocks without the knowledge of the client and bought on credit, and after weeks of holding on to them disposed of them to cover debtor balance leaving a hugh loss for the client. No debit note or credit note reached the client by postal mail(due to a postal strike) and no e statements were sent as instructed too. Completely illegal system. So when choosing a broker , its very important to be careful. I dont know if someone can advice the steps one should take to do justice for this careless trading act and to avoid other people from falling to the same mess. Complaining to the Chairman of the company had no effect. Statistics are available to proove the case. Does any know if the broker firm or the broker is liable to pay the loss to the client?

swan03 · 25 Re: Who are the worst brokers ! Tue Aug 16, 2011 7:33 am

swan03

Vice President - Equity Analytics

Posts : 1241
Equity Stars : 6923
Reputation : 84
Join date : 2011-01-31

My investment adviser is the best! All he predicted was right. Very Happy

. This gratitude for him. Thank you so much Mr. R for guiding me and for the valuable advice.

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

Who are the worst brokers !

1 Who are the worst brokers ! Sun Aug 14, 2011 12:21 pm

rocksan

2 Re: Who are the worst brokers ! Sun Aug 14, 2011 12:47 pm

Roboticfx

3 Re: Who are the worst brokers ! Sun Aug 14, 2011 1:15 pm

jaya

4 Re: Who are the worst brokers ! Sun Aug 14, 2011 1:26 pm

rocksan

5 Re: Who are the worst brokers ! Sun Aug 14, 2011 2:14 pm

StocksWatch

6 bad broker Sun Aug 14, 2011 3:47 pm

RealViewer

7 Re: Who are the worst brokers ! Sun Aug 14, 2011 4:19 pm

dewminigamlath

8 Re: Who are the worst brokers ! Sun Aug 14, 2011 6:13 pm

RockStock

9 Re: Who are the worst brokers ! Sun Aug 14, 2011 7:00 pm

wiki

10 Re: Who are the worst brokers ! Sun Aug 14, 2011 9:29 pm

bsgamo

11 Re: Who are the worst brokers ! Sun Aug 14, 2011 9:54 pm

Market.Player

12 Re: Who are the worst brokers ! Sun Aug 14, 2011 10:33 pm

rocksan

13 Re: Who are the worst brokers ! Mon Aug 15, 2011 5:27 am

dil7

14 Re: Who are the worst brokers ! Mon Aug 15, 2011 7:40 am

swan03

15 Re: Who are the worst brokers ! Mon Aug 15, 2011 9:03 am

SL.Market

16 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:48 am

acrbandara

17 Re: Who are the worst brokers ! Mon Aug 15, 2011 3:19 pm

snowball5

18 Re: Who are the worst brokers ! Mon Aug 15, 2011 3:45 pm

Capt

19 Re: Who are the worst brokers ! Mon Aug 15, 2011 4:47 pm

rijayasooriya

20 Re: Who are the worst brokers ! Mon Aug 15, 2011 5:30 pm

kansai

21 Re: Who are the worst brokers ! Mon Aug 15, 2011 9:18 pm

SalliMalli

22 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:00 pm

damayanthi

23 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:17 pm

milanka

24 Re: Who are the worst brokers ! Mon Aug 15, 2011 10:38 pm

damayanthi

25 Re: Who are the worst brokers ! Tue Aug 16, 2011 7:33 am

swan03

26 Re: Who are the worst brokers !

Sponsored content

New topics