indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Tools > Brokers

Brokers Talk brokers and firms here

DPonline
Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 07-10-2012, 10:35 PM
damodharan damodharan is offline
Newbie
 
Join Date: Oct 2012
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
damodharan is on a distinguished road
Angry The true color of Orion Trading company - The worst broker I've ever seen

Hello Traders,

I'm here to warn you all about a trading company that has ruined the life of many with their poor service. The company that I'm talking about is ORION. (ORION INVESTMENTS)

My friend opened an account with the Coimbatore branch of Orion trading company last month. She had invested a lot of money in it and decided to trade copper in MCX.

They installed ODIEN software in my friend's computer using teamviewer. It produced a lot of errors during installation but still they said that everything is fine and it ll work like heaven.My friend started trading the same day. My friend had been trading in MCX using Geojit for the past one year and had been making good profit from it. She decided to open an account with Orion since they offered less commission.

She was doing good that day and her MTM was +12500 at one point of time. So she decided to square off and take the profit home. But when she tried placing an order, it didnt get accepted. She even called their office people and complained about the situation.But they didnt respond properly and the order wasnt placed for twenty or thirty minutes. After that the rate got reversed and all her profit including her investment was wiped off. She got so frustrated about the incident and was depressed. The next day the people from Orion trading company called her and asked her to deposit 4800 Rs as brokerage.

Even though she explained the situation clearly to the Orion people, their people behaved so unprofessionally. They scolded her as if she doesnt know trading and ask her why she didnt place phone order (even though she had complained via phone, they never took the order the previous day). She again explained the details of the mishap that took place the previous day again. But still they weren't moved a bit. They continued to ill-treated her saying the she is from a village and the net problem in her village is the reason for the problem. she was so upset but still accepted to pay the money in a week's time. And after a couple of days they started sending messages that they will start taking legal actions if she doesnt pay the money. Still got so upset and therefore paid them the money. When she called them to inform them that she had paid the money, they teased her for being afraid to legal charges.

A really good company is one which supports a customer when they're in trouble, not a company which ditches someone just because they've made a loss. Geojit is faaaaaaaaaaaaar better when it comes to helping customers when they're in trouble. So friends if you have any intention of opening an account with Orion, think twice. Their customer service is a joke. BEWARE!!!!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 06-05-2014, 08:43 PM
prabhakaran prabhakaran is offline
Newbie
 
Join Date: May 2014
Posts: 1
Thanks: 0
Thanked 1 Time in 1 Post
prabhakaran is on a distinguished road
Default A Good Story...

As the story conclusion is, it might not be true as told...



Originally Posted by damodharan View Post
Hello Traders,

I'm here to warn you all about a trading company that has ruined the life of many with their poor service. The company that I'm talking about is ORION. (ORION INVESTMENTS)

My friend opened an account with the Coimbatore branch of Orion trading company last month. She had invested a lot of money in it and decided to trade copper in MCX.

They installed ODIEN software in my friend's computer using teamviewer. It produced a lot of errors during installation but still they said that everything is fine and it ll work like heaven.My friend started trading the same day. My friend had been trading in MCX using Geojit for the past one year and had been making good profit from it. She decided to open an account with Orion since they offered less commission.

She was doing good that day and her MTM was +12500 at one point of time. So she decided to square off and take the profit home. But when she tried placing an order, it didnt get accepted. She even called their office people and complained about the situation.But they didnt respond properly and the order wasnt placed for twenty or thirty minutes. After that the rate got reversed and all her profit including her investment was wiped off. She got so frustrated about the incident and was depressed. The next day the people from Orion trading company called her and asked her to deposit 4800 Rs as brokerage.

Even though she explained the situation clearly to the Orion people, their people behaved so unprofessionally. They scolded her as if she doesnt know trading and ask her why she didnt place phone order (even though she had complained via phone, they never took the order the previous day). She again explained the details of the mishap that took place the previous day again. But still they weren't moved a bit. They continued to ill-treated her saying the she is from a village and the net problem in her village is the reason for the problem. she was so upset but still accepted to pay the money in a week's time. And after a couple of days they started sending messages that they will start taking legal actions if she doesnt pay the money. Still got so upset and therefore paid them the money. When she called them to inform them that she had paid the money, they teased her for being afraid to legal charges.

A really good company is one which supports a customer when they're in trouble, not a company which ditches someone just because they've made a loss. Geojit is faaaaaaaaaaaaar better when it comes to helping customers when they're in trouble. So friends if you have any intention of opening an account with Orion, think twice. Their customer service is a joke. BEWARE!!!!

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to prabhakaran For This Useful Post:
  #3 (permalink)  
Old 23-08-2015, 11:14 AM
chan123 chan123 is offline
Regular
 
Join Date: May 2010
Posts: 10
Thanks: 13
Thanked 11 Times in 7 Posts
chan123 is on a distinguished road
Default orion fraud

Orion closed for two days. Police case FIR filed.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to chan123 For This Useful Post:
  #4 (permalink)  
Old 24-08-2015, 11:21 AM
stockstoprofit stockstoprofit is offline
Regular
 
Join Date: Dec 2012
Posts: 90
Thanks: 45
Thanked 91 Times in 50 Posts
stockstoprofit will become famous soon enoughstockstoprofit will become famous soon enough
Default

s, clients position are closed without intimation , settlement also start aftr 2 weeks, finally broaking company closed .
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to stockstoprofit For This Useful Post:
  #5 (permalink)  
Old 25-08-2015, 09:34 AM
Tamilselvan Tamilselvan is offline
Newbie
 
Join Date: Aug 2015
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Tamilselvan is on a distinguished road
Default

what will happen next?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 01-09-2015, 07:57 PM
chan123 chan123 is offline
Regular
 
Join Date: May 2010
Posts: 10
Thanks: 13
Thanked 11 Times in 7 Posts
chan123 is on a distinguished road
Default

Amount invested through ORION are swahaaaaaaaaaaaaaa.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 01-09-2015, 07:58 PM
chan123 chan123 is offline
Regular
 
Join Date: May 2010
Posts: 10
Thanks: 13
Thanked 11 Times in 7 Posts
chan123 is on a distinguished road
Default

hi all,
Those who had traded in MCX should complaint only in MCX and not in SEBI. Sebi has replied my complaint as disposed and closed. I already lodged complaint through mail to MCX, but still there is no response. I will wait for couple of days for MCX reply. Please tell me anybody else received any reply mail from MCX?
If not, there is another way to move further. It has to be reported to "Forward Markets Commission" website: http://www.fmc.gov.in/
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to chan123 For This Useful Post:
Reply

indiTraders - Forum for the Active Indian Trader > Tools > Brokers


Tags
orion trading

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On


DPonline

All times are GMT +5.5. The time now is 09:12 AM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2