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
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.
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.
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.
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).
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.
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.
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.