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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Who are the worst brokers !

Who are the worst brokers !

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

rocksan

rocksan
Manager - Equity Analytics
Manager - Equity Analytics
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

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

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
S C Securities company is a hell. Gevana Ganatath Nayai! Mad

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

jaya


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

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

rocksan

rocksan
Manager - Equity Analytics
Manager - Equity Analytics
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

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

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@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.

6Who are the worst brokers ! Empty bad broker Sun Aug 14, 2011 3:47 pm

RealViewer


Senior Equity Analytic
Senior Equity Analytic
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.

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

dewminigamlath


Manager - Equity Analytics
Manager - Equity Analytics
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.

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

RockStock


Manager - Equity Analytics
Manager - Equity Analytics
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 Evil or Very Mad

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

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@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

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

bsgamo


Stock Trader
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.

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

Market.Player

Market.Player
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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.

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

rocksan

rocksan
Manager - Equity Analytics
Manager - Equity Analytics
@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

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

dil7


Equity Analytic
Equity Analytic
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.

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

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics
SC securities.

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

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics
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.

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

acrbandara

acrbandara
Stock Trader
I also agree with you all

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

AcR

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

snowball5


Stock Analytic
Stock Analytic
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

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

Capt

Capt
Senior Equity Analytic
Senior Equity Analytic
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.

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

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@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.

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

kansai


Equity Analytic
Equity Analytic
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

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