Profitmart Complaints Review
ProfitMart Track Record Of Best Online Stock Broker In India
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3.4
Company Rating
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60+
Cities Covered
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60K+
Orders Per Day
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10K Lacs+
Daily Turnover
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20K+
Our Client Base
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3.4
Mobile App Rating
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3.4
Company Rating
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60+
Cities Covered
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60K+
Orders Per Day
-
10K Lacs+
Daily Turnover
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20K+
Our Client Base
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3.4
Mobile App Rating
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Profitmart Consumer Complaints
Profitmart Securities Private Limited is a Stock broking house of India. The firm was established in 2010. It aims on improving the profits with the best products, services and technology. It was formerly known as M3Multiple Securities Brokers Private Limited. With Profitmart, the customer can trade in Equity, F&O, Currency and Commodities.
Profitmart Securities Private Limited complaints report provides the details about the number of complaints that are received by the stock exchanges from the Profitmart. The consumer complaints report of a broker analyses the firm’s online complaint data provided by the BSE and NSE. This report shows the health of a broker.
Such complaints are the serious grievances against Profitmart Securities Private Limited are the serious grievances against the broker company which the broker and the customer failed to resolve. The customer then filed these legal complaints with the stock exchange.
The consumer complaint report also shows the active number of clients. It shows the growth of the broker.
Complaints against Profitmart:
These are the complaints that were filled by the Profitmart Securities Private Limited customers when the broker could not resolve their issues or complaints. The year wise number of complaints are given below:
Financial Year | No. of Clients | No. of Complaints | Exchange |
2020-21 | 32,865 | 18 | NSE |
2019-20 | 2,317 | 4 | BSE |
2019-20 | 20,198 | 26 | NSE |
2018-19 | 12,354 | 16 | NSE |
2017-18 | 6,781 | 16 | NSE |
2016-17 | 1,646 | 3 | NSE |
Profitmart complaints at NSE:
Details | Year 2020-21 | Year 2019-20 | Year 2018-19 |
Defaulter (Yes/No) | No | No | No |
No. of clients at the beginning of the year |
|
|
|
No. of active clients | 32865 | 20198 | 12354 |
No. of complaints received* | 18 | 26 | 16 |
Complaints Resolved through the exchange | 14 | 21 | 14 |
Non-actionable** | 0 | 0 | 0 |
Advised or Opted For arbitration | 0 | 1 | 0 |
Pending for redressal with exchange | 4 | 4 | 2 |
No. of arbitration field by clients | 1 | 0 | 1 |
Decided by arbitrators in favour of the clients | 0 | 0 | 0 |
Decided by the arbitrators | 0 | 0 | 0 |
Pending for redressal with arbitrators | 1 | 0 | 1 |
% of no. of complaints as against no. of active clients | 0.05 | 0.12 | 0.12 |
% of no. of complaints as against complaints received | 77.77 | 84.61 | 87.5 |
Profitmart complaints at NSE:
Details | Year 2019-20 |
Defaulter (Yes/No) | No |
No. of clients at the beginning of the year | 13513 |
No. of active clients | 2317 |
No. of complaints received* | 4 |
Resolved through the exchange | 4 |
Non actionable** | 0 |
Advised/ Opted For arbitration | 0 |
Pending for redressal with exchange | 0 |
No. of arbitration field by clients | 0 |
Decided by arbitrators in favour 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 no. of complaints as against complaints received | 100 |
Note:
• * Including against sub brokers, authorized persons, employees etc.
• ** Incomplete/ outside the scope of the Stock exchanges
Frequently Asked Questions
Profitmart provides around 1-2 calls in a month (minimum of 20 calls in a year). However, it is not predetermined every month and it looks at the opportunities ideally when the market offers good value.
Fees once paid are non-cancellable and non-refundable.
The customer can invest with the starting capital of ₹2 to ₹3 lacs for investing in profitmart’s investment calls.
The customer cannot have multiple demat and trading account with a single stock broker.
Profitmart services are not suitable for the investors or traders who consider 1 to 3 years as a very long time for investment or for the people who consider investing as gambling or for a person who is a compulsive trader or investor.
Yes, the normal stock market timings in India are between 9:15 AM to 03:30 PM.
The opening of demat account is very easy as it is a complete paperless and that can be done online. As the demat account does not require any physical documentation. Profitmart is one of the best platforms that you can trust and rely to open a demat account in order to avail advanced trading technology.
Benefits of holding demat account with Profitmart are:
• Fastest account opening process.
• Attractive brokerage.
• Highest leverage.
• Advanced mobile trading application.
• Advanced Algo trading.
You will receive a WhatsApp message on an email given to Profitmart and an SMS stating that a new investment call has been generated.
You can place trades through us via offline (through the dealer provided to you) or online (By logging into the online products offered by Profitmart).
Profitmart gives a margin ranging from 2X to 20X times.
Yes, As Profitmart suggests to buy a stock it will also suggest to exit the stock either partially or fully based on some events that materially impact its financial performance.
Yes, you can take delivery in selected commodities i.e. Agri, Gold and Silver.
It is an emerging broking house in India that offers various diversified investment options like Equities, Derivatives, Currency, Commodities, IPO, Mutual funds and Real estate.
Profitmart endeavor to provide returns that are significantly higher than overall market returns but cannot guarantee returns as equity returns are lumpy and give attractive returns via other asset classes.
It offers a margin for 3X for Options.
Equity, Commodity and Currency account can be opened with Profitmart.
Traditionally, the indices have been used as information sources. By looking at an index you get to know how the market is faring. The information aspect also figures in myriad applications of stock market indices in economic research.
Once the payment is verified from Profitmart’s bank account, the subscriber will require to complete the KYC and Risk Profile Questionnaire (as mandated by SEBI). Post this verification your account will be active.
Yes, we provide updates on all the stocks suggested by us. Profitmart ensure that there is a regular follow up on the companies tracked by it and which it shares to its subscribers by email.
In order to subscribe to Profitmart services, visit to the products button on the home page that contains all the product and pricing details of its Fundamental Advisory Products, Workshops and Portfolio Advisory Services.