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1. Raj   I Like It. |Report Abuse|  Link|January 11, 2016 9:20:25 AMReply
Ventura is one of the WORST for Commodities - that''s the one i have used for 3 years in total. Reasons are following:

1. Software is buggy and it is down every day for few minutes to hours, even on monday morning opening time when it''s crucial it remains down at many times.
2. Their calculations are wrong in terminal - almost all of them. Such as margin calculation, blocked margin, exposure, margin left for trading. They impose every day some new rule and then that same night they break that rule and make another. They are not clear on anything
3. They cut orders even when you are in excess CASH in your account. Lets say i have total positions of 100,000 and my opening balance in morning was 110,000 and then i made let''s say 20,000 as profit booked so far and one position is open which is in 10001 rs loss. So their calculation are so weird that they will not count your profit booked against losses, rather they will deduct this MTM loss directly from opening balance and will cut position without even mentioning anything.
I have kept hugely extra cash in my trading account so that they don''t have any case whether MTM or TOTAL to cut my positions, but still the devils will cut your position making any random calculation. after 10.30 PM in night ( Commodities ), they will do a calculation such as what could be MAXIMUM possible loss if the commodity hits circuit break ( WTF, who does that ) and then deduct that much in your margin and obviously lakhs of lakhs can be deducted temporarily by doing this and then even for a position of 100,000 if you have more than 200,000 in your account they will cut it on say just 10,000 loss which is not even 10% of my EXTRA CASH available, but they calculate based on WHAT IF Commodity hits circuits. wtf .. they are insane.
4. Their dealers are one of the worst and their relationship manager is off course worse than dealers. I have given them almost 100 times screenshots of their wrong doings in last 3 years and till date not a single action or reply on that.
5. Finally i even mailed the proofs for couple of times to HEAD OF various departments and including the founding member of Ventura Securities and Commodities, but everything in vain. All they did was, i got a call saying we are sorry for what happened to you but can not help in any way.
6. Only those who might get lured for low brokerage or the brokerage back plans will get stuck with such a pathetic liar brokerage house.
7. Top of all this, FMC earlier and now SEBI is in compromising situation with these guys. They either pay bribe to them or else they generate huge volume of trading and so the regulatory bodies do not want to do anything about them. I have filed 2 complaints till now and nothing happened yet. I contacted once to their PR and asked them to act on the complaint or else i will go to media to expose, the reply was - do whatever you want to but FMC and SEBI won''t take any action on us, they want us. WOWW

Even if on planet earth there is only one brokerage hocalled Ventura then also Rather than going to them one can apply for their own firm and get registered. I have left them now and looking forward for better brokerage houses, who has defined their rules and laws in advance and they should follow them religiously, not like crooks at Ventura.
1.1. Raghu   I Like It. |Report Abuse|  Link|March 7, 2016 3:05:08 PM
hello Raj.
I hav read the msg u posted on 11/01/2016 about Ventura . pls can u suggest any other broker which is best in all tradings i mean bse/nse/mcx/ etc. and who will pick call immediately if s pls mail me