Flattrade Consumer Complaints Data - NSE and BSE

 
 
 
 
 

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Flattrade Trading Consumer Complaints


Flattrade Trading is a Chennai based stock broking company that was incorporated in 2004. A brokerage firm provides the traders the opportunities to earn maximum profit at the time they grow their company as well. The firm was founded by Mr. K. Narayan Moorthy.

Flattrade Trading complaints report provides the detail about the number of complaints received by the stock exchanges from the Flattrade customers. Flattrade broker complaints report or flattrade complaints review examines and analyses the online complaint data provided by the BSE and NSE. Interactive broker complaints reports and complaints against a broker or complaint against a brokerage firm determine the health of the broker.

How do I complain about a broker?

For flattrade complaints register or I would like to register a complaint then go to flattrade complaints portal on its official website. Flattrade consumer complaints received are the serious grievances against the Flattrade Trading.

These complaints against brokerage firms that has remains unsolved by the stock broker and its customers and then the customer has registered these complaints with the Stock Exchange. The number of Flattrade complaints issue also determines the number of active clients and shows the broker’s growth.

Flattrade Consumer Complaints on Yearly basis

Exchange

Financial Year

Number of Clients

Total Complaints 

NSE

2020-21

7,993

2

NSE

2020-21

1

1

BSE

2019-20

384

1

NSE

2019-20

5,945

4

NSE

2019-20

1

1

NSE

2018-19

4,844

6

NSE

2018-19

2

2

NSE

2017-18

3,750

2

NSE

2016-17

9

4

NSE

2016-17

2,818

3

NSE

2015-16

1,911

3

NSE

2015-16

2

1

NSE

2014-15

1,502

1

NSE

2013-14

961

2

 

Flattrade Consumer Complaints at NSE

 

2020-21

2020-21

2019-20

Defaulter Yes/No

No

No

No

No. of clients at the beginning of the year

 

 

 

No. of active clients

7993

1

5945

No. of complaints received *

2

1

4

Resolved through the exchange

2

0

2

Non actionable **

0

1

2

Advised / Opted for arbitration

0

0

0

Pending for redressal with exchange

0

0

0

No. of arbitration filed by clients

-

-

-

Decided by arbitrators in favor of the clients

-

-

-

Decided by the arbitrators

-

-

-

Pending for redressal with arbitrators

-

-

-

% of No. of complaints as against No. of active clients

0.02

100

0.06

% of complaints resolved as against complaints received

100

100

100

      

Flattrade Consumer Complaints at BSE

 

2019-20

Defaulter Yes/No

No

No. of clients at the beginning of the year

11140

No. of active clients

384

No. of complaints received *

1

Resolved through the exchange

1

Non actionable **

0

Advised / Opted for arbitration

0

Pending for redressal with exchange

0

No. of arbitration filed by clients

0

Decided by arbitrators in favor of the clients

0

Decided by the arbitrators

0

Pending for redressal with arbitrators

0

% of No. of complaints as against No. of active clients

0

% of complaints resolved as against complaints received

100


Note:

  1. *Including against the sub brokers, authorised persons, etc.
  2. **Non actionable means the complaints that are incomplete or outside the scope of the Stock Exchange.

 

 

Frequently Asked Questions


No, there are no AMC charges of the Flattrade Trading and demat account.
The superior trading platforms and affordable pricing models are the unique factor of Flattrade Traders.
The customer can place many orders in Flattrade such as Market Orders, Limit Orders, Stop Loss Orders, After Market Orders (AMO), etc.
They offer the stock broking services as they can have any of account types that they offer like Depository Participant (Demat Account), Commodity Trading, Equity Trading, Derivatives Trading, Currency Trading and Mutual Funds.
The stock broker was founded in 2004 and the company is held privately and is led by Mr. K. Narayana Moorthy. He is a highly experienced and well-known spot bullion trader.
Yes, Flattrade allows the dematerialization.
The Flattrade trader has two legal entities under its brand with Flattrade Trading Corporation. It renders services for Commodities trading, and Flattrade Capital Service Private limited.
The brokerage charged for Intraday and Delivery is ₹10 per order.
The communication channel by which the stock broker reach out to its customers are through call, offline branches, Email and Web-form. The customers need to contact the stock broker between 8 AM to 8 PM i.e. during their office hours.
It offers stock broking services in Commodity, Equity, Derivatives, Currency and Mutual Funds.
The customer will get the exposure for trading within 3 to 4 minutes of fund transfer from the account. It is an automated process and no manual intervention is required.
It makes transactions secure by sending the information about the account activities on the phone directly from the exchange.
They have six branches which are located in Chennai, Bengaluru, Telangana, Cochin, Madurai and Jabalpur.
It is the fees charged by some of the stock brokers at the time of buying or selling the mutual funds. Mutual fund charges depend upon the stock brokers or fund houses. Many brokers also have 0 fee mutual funds.
You can do this simply by accessing the order page (on trading terminal) where you have the option to cancel or modify order.
The office of Flattrade trade opens from 8 AM to 8 PM from Monday to Friday, 8 AM to 5 PM on Saturdays and remains closed on the Sunday.
Since Mutual funds investments are subject to the market risks. There is no guaranteed or assured rate of return.
No, you are not required to issue cheques by the investors while subscribing to IPO. Customer need to write their bank account number and sign in the application form in order to verify the bank account to make transactions.
Generally, users have to close their demat account as it cannot be changed into NRI account and open a demat account in India for NRI. But some brokers might provide this service. You can contact your respective stock broker’s customer care in which you have your existing demat account.
Yes, Flattrade traders provide investors with infrastructure, facilities and services that are complicated for them to achieve their short- and long-term business objectives.
They offer the dedicated relationship manager for the trading and wealth management, dealer terminal at the office or premises, reliable support and management processes, online product or investor terminal to partner’s clients at no additional cost.
Yes, the transactions are secure as Flattrade make transactions secure by sending the information about the account activities on your phones directly.
Zero or no initial margin amount is required to start trading with Flattrade.
It has a registered office location at “Kochar technology Park”, 6th Floor, SP 31- A, 1st Cross Road, Ambattur Industrial Estate, Ambattur, Chennai.
Yes, Flattrade traders provide brokerage calculator for its customers so that they can determine the profits easily.

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