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MANDOT SECURITIES PVT LTD Complaints

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Complaint against MANDOT SECURITIES PVT LTD Broker

MANDOT SECURITIES PVT LTD brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the MANDOT SECURITIES PVT LTD customers. The MANDOT SECURITIES PVT LTD complaints report analyzes the MANDOT SECURITIES PVT LTD online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against MANDOT SECURITIES PVT LTD broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The MANDOT SECURITIES PVT LTD complaint no. report also provides MANDOT SECURITIES PVT LTD’s number of active clients. This shows the growth of the broker year on year.

MANDOT SECURITIES PVT LTD Complaints

Exchange Financial Year Total Complaints Active Clients
NSE 2024-25 10 6,564
BSE 2023-24 10 2,331
NSE 2023-24 46 6,694
BSE 2022-23 3 679
NSE 2022-23 14 2,732
NSE 2021-22 1 1,352
NSE 2020-21 2 1,063
NSE 2018-19 1 835

MANDOT SECURITIES PVT LTD complaint at NSE

2024-252023-242022-23
Active Clients656466942732
Complaints104614
Resolved through the exchange04313
Non actionable031
Advised / Opted for arbitration000
Pending for redressal with exchange1000
No. of arbitration filed by clients00
Decided by arbitrators in favour of the clients00
Decided by the arbitrators00
Pending for redressal with arbitrators00

MANDOT SECURITIES PVT LTD complaint at BSE

2023-242022-23
Active Clients2331679
Complaints103
Resolved through the exchange93
Non actionable11
Advised / Opted for arbitration00
Pending for redressal with exchange00
No. of arbitration filed by clients00
Decided by arbitrators in favour of the clients00
Decided by the arbitrators00
Pending for redressal with arbitrators00

Note:

  • * Including against its sub brokers, authorised persons, employees, etc.
  • ** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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22 Comments

22. Rohan Parimal   I Like It. |Report Abuse|  Link|August 9, 2024 11:04:51 AMReply
Mandot s securities are total fraud
Firstly they make you open your demate account , ask to add fund in it.
And will tell you that their research team will guide you for further investment.
And on the very first Trade they suggest to make a trade and charge brokerage more than investment amount.

Total fraud company.
Need to file case against it.

Misleading company
22.1. Saurabh   I Like It. |Report Abuse|  Link|November 16, 2024 2:32:11 PM
Hi Rohan,

Did you proceed with any case?
21. Saurabh   I Like It. |Report Abuse|  Link|November 16, 2024 2:23:17 PMReply
I am a biggest fool even after reading reviews i got into their trap. Now lost all my capital because of their brokerage they played a game that they will make the brokerage at 5Rs per lot and they send mail in that they only send mail for NSE and then in algo they took trade for BSE for which brokerage was 50 per lot. Now legally they are right its just that I am the biggest fool . Some how this brokerage company should close.
20. Vimal   I Like It. |Report Abuse|  Link|October 19, 2024 2:37:34 PMReply
Hi,
I wish i could have read all these complaints once before opening account with Mandot. They literally looted me, lost 99% of money within few days. They were keep on forcing me for trades every single minutes and in the backend they charged huge amount as brokerage... My losses become 30,000 and they charged 90,000 rs as brokerage!!!.. Can someone please tell me where to complain against this broker.
19. Ashu   I Like It. |Report Abuse|  Link|September 24, 2024 6:43:56 PMReply
Riya singh recher in froud mandot securities staff froud company please Bach ka rahna eas company sa
18. Ashu   I Like It. |Report Abuse|  Link|September 7, 2024 2:22:30 PMReply
💯 froud company mandot securities pvt ltd
17. Ashu   I Like It. |Report Abuse|  Link|September 7, 2024 2:22:07 PMReply
💯 froud company mandot securities pvt ltd
16. Karthigayen   I Like It. |Report Abuse|  Link|August 27, 2024 2:51:08 PMReply
Title: Beware of Unethical Practices at Mandot Securities

I want to share my experience with Mandot Securities to caution others. They offered lifetime free algo trading if I opened a Demat account with them. Initially, I invested ₹50,000, and soon after, they pressured me to deposit an additional ₹50,000. Despite my refusal due to a lack of funds, I continued to receive calls urging me to provide my account details to start trading.

Without my consent, a large number of trades were executed, resulting in the complete loss of my capital. To make matters worse, I was then asked to pay a brokerage fee of ₹77,000. The constant pressure and harassment have been unbearable. The entire experience has been stressful and financially damaging.

I strongly advise anyone considering Mandot Securities to think twice. My humble request is to avoid getting trapped in such situations.
15. Karthigayen   I Like It. |Report Abuse|  Link|August 27, 2024 12:12:44 PMReply
This is Mandot securities, will provide for algo trading life time free, so the newly open the demant account in mandot securities. If you put the amount in this, you will get more profit. We will handle the account. I will put amount 50k, then forcing me you put again 50000 thousands.As I said, I have no money, Someone called me and asked me, today start the work you give me username and password. Huge no of lots booked, totally loss my capital, and then brokerage amount 77000 u give me, forcing and torcher. Without this fifty thousand loss, brokerage amount, what a lot of torture you are doing to pay 77 thousand. Lot os tension and torcher in mondot securities, Please don't anyone join this mandot securities. my humbly request
14. mateen quazi   I Like It. |Report Abuse|  Link|May 10, 2024 2:39:17 PMReply
Mandot Securities is Racket of fraud peoples. Within 24 hours of my opening of account with them, they looted 60000 as Brokerage and Taxes from my Capital. Miss.Sneha is connected with my account opening and losing my capital of 60000 How to lodge complaint with SEBI and NSE O dont know
14.1. rohan paimal   I Like It. |Report Abuse|  Link|August 9, 2024 4:16:37 PM
SHARE YOUR NUMBER , I AM GOING TO FILE CASE AGAINST THIS FRADU COMPANY
13. Varsha Warhadi   I Like It. |Report Abuse|  Link|June 3, 2024 4:28:50 AMReply
Mandot securities charges so many brokerages, I have lossed 50k as a loss but they charged me 295000 as brokerage.. I have filled complaint into SEBI but I am sure nothing will happen... posting this message only for new people.. don't open account here.... brand is brand always....use sharekhan, zerodha, angel any trading platform but don't use Mandot... I am doing follow up with them for statement but they are not sending statement also
13.1. rohan paimal   I Like It. |Report Abuse|  Link|August 9, 2024 4:15:24 PM
give me contact details of yours , i am going to file case against this company
12. mohd Aqeel khan   I Like It. |Report Abuse|  Link|June 18, 2024 11:35:07 AMReply
Hello guys it's absolutely true as above said all of in your post they are only focus on brokerage very selfish vendor and staff ...clients book profit or loss they don't care before start executive will provide you pstv calls as on trail basis till you get a demat account ..after wards they don't care I have invest 70k every day I booked loss from on failure calls executive said will recovered your value ..till that time you have a Zero in your capital..so plz be aware that types of vendors mandot securities is waste vendor in my one month experience only ...thank you take care everyone's....
11. M. Saibabu   I Like It. |Report Abuse|  Link|May 1, 2024 3:39:07 PMReply
Mandot Securities is a big fraud. Within 24 hours of my opening of account with them, they looted 1.03 lakhs as Brokerage and Taxes from my Capital. Mr.Nihal is connected with my account opening and losing my capital of 113k. I am trying to lodge complaint with SEBI and NSE.
BE CAUTIOUS with Mandot securites. Fraudulent people
10. Santosh Kumar das   I Like It. |Report Abuse|  Link|April 23, 2024 12:02:24 AMReply
This is my request to all new persons those who don't know about trade please don't open demate account with these fraud Company Mandot. Their team will give you wrong trade calls with more lots to buy just because of their brokerage. They say you add more amount for trade. But in more amount they take more lots and within a day you loose your total money from your account. I open my account on 15th April with 45000 and on 18th April my account is 0. So please don't go with these fraud people. I think a complain give to SEBI against these fraud people.
10.1. M.Saibabu   I Like It. |Report Abuse|  Link|May 1, 2024 3:33:38 PM
They looted 1.13 lakhs as Brokerage and taxes within 24 hours of my opening of account with them. Big frauds...Mr.Nihal is the concerned with Company in opening of account and losing capital. Big cheaters...I am trying to lodge protest in SEBI and NSE.
9. Kishor Kumar   I Like It. |Report Abuse|  Link|November 3, 2022 12:51:15 PMReply
Friends is company ke upar Bharosa mat karna Mera 200000 Loot Liya Hai sirf do week.
9.1. Venkatesh Arbi   I Like It. |Report Abuse|  Link|November 8, 2023 9:21:36 AM
Dear mam
Don't trust this type of fraud company, they don't know how to trade, they are not traders nor advisors they are simply gamblers, agar aap call kiya toh aap ko dhamki dete hai, i am goin to complaint against this company to SEBI and NSE both, koi beginner trade karne ko aa gaya tho in logon ki vajah se market se bharosa udd jayega
9.2. S V jadhav   I Like It. |Report Abuse|  Link|March 27, 2024 10:22:56 AM
Yes. True ....
Same with me. I lost 1.16 lacs in 3 weeks . No one cares and has not good knowledge... very casual approach towards customers investment.
8. Unknown   I Like It. |Report Abuse|  Link|March 21, 2024 2:23:57 AMReply
🚨 Beware of Mandot Securities and Their Associates 🚨

It has come to my attention that Mandot Securities and their associates are engaging in fraudulent activities, preying on unsuspecting individuals with promises of profits while ultimately scamming them out of their hard-earned money.

These deceitful entities are targeting innocent people with enticing offers, urging them to open accounts with Mandot Securities under the guise of making profits. However, I urge everyone to exercise extreme caution and refrain from falling victim to their schemes.

If anyone contacts you claiming to represent Mandot Securities and insists that opening an account with them will lead to financial gains, please do not be swayed. These individuals are not to be trusted, and their sole intention is to exploit and defraud individuals of their money.

Protect yourself and your finances by staying vigilant and skeptical of any unsolicited offers or requests, especially those coming from Mandot Securities and their affiliates. Remember, if it sounds too good to be true, it probably is. Stay safe, stay informed, and don't let these scammers take advantage of you.
7. Nirav   I Like It. |Report Abuse|  Link|March 12, 2024 4:58:12 PMReply
Mandot Securities means fraud.

They cheat people and they do not support.

Do not go on their words. They are no 1 cheaters.

6. Siddharth lad   I Like It. |Report Abuse|  Link|February 1, 2024 9:37:08 AMReply
Chitter log hai bilkul vishvas mat karna
5. Devil   I Like It. |Report Abuse|  Link|January 9, 2024 2:08:28 PMReply
Hi guys mujhe bhi kuch dino se call aa raha hai for opening an account but main confuse tha jis hisaab se ye surity de rhe hain ki account open kr k kaam kijiye humare sath with minimum investment 20000 and maine socha ek baar trust kr k dekhu but apki suggestion ko dekh kr lgta hai ye nhi Krna chahiye 🙂
4. Venkatesh Arbi   I Like It. |Report Abuse|  Link|November 7, 2023 5:15:25 PMReply
This is venkatesh Arbi, aaj maine Mandot security me account open kiya tha, (7/10/23) maine 35000 invest kiya tha, mere ko bataya gaya tha we give good calls, maine unke kehene se trade kiya, nifty and fin nifty me kaam karvaaya, usme 7000/- ka loss ho gaya, usko recover karne ke liye mujse usdinr me call diya (500 lots) by evining 5 mera poora paisa doob chuka tha, uper se account me -9000 dikha raha hai, matlab ek din me 45000/- loss, please dont open account this fraud company, udhar koi advisors nahi hai, poora Gamblers hai, please i request you all please dont open your demat in this company, and dont loose your hard earning money..
4.2. Ajay Shah   I Like It. |Report Abuse|  Link|November 30, 2023 1:10:39 AM
Did you get any solution.

Please suggest..
4.3. Kishan sao   I Like It. |Report Abuse|  Link|December 30, 2023 9:16:52 AM
Aap sahi bol rhe hai mere sath bhi aise hi hua deepak sharma mandot securities ke broker h isne mere sath 60000 ka loss karwaya h ye sb apna Jeb bhar rhe h inse bache froud hai Deepak sharma mandot securities
3. Ashish meena   I Like It. |Report Abuse|  Link|August 19, 2021 11:13:25 AMReply
My name is ashish meena
Sir mainy yha per 1 month ki service le thi 7000 ki jo and company nay ek deen work nhi kerwaya and 7000 bi rerturn nhi kiya its a fruad and mainy ensay baat ki toh inhonay koi responce nhi kiya
Please help me .
3.1. Venkatesh Arbi   I Like It. |Report Abuse|  Link|November 7, 2023 5:21:52 PM
one of the worst company, call kia toh damki milta hai, maine account open hote usi din 35000/- loss ho gaya, udar koi advisor nahi hai, poora gamblers baita hai, kisi doosre ki paisa barbaad karte hai,
3.2. Sasmita   I Like It. |Report Abuse|  Link|November 22, 2023 2:46:58 PM
Ashish meena g Kya AAP unko 7000rs pay kiye the ya phir mandot security main deposit kiye the