Achiievers Equities
- Thread starter soft_trader
- Start date
They haven't replied to my post in so much time. Seems like a fly by night business.. If me and another member had not pointed fingers, then maybe Achievers would gladly be posting replies to all the newbie queries. This business is complex for professional brokers. It is best to stick with the best.
Re: Achiievers Equities Ltd
Hi
Where to check on NSE website how many clients a broker has?
This is a really good way to cross check what broker is saying is true or not.
Thanks
Adding an extra zero is it? 
.. check this image, this is on the NSE website. unique clients as per NSE, 1000 and not 10000. So even assuming you have 1000 for commodity, that is still 2000 only.
And yeah, your financials is also available here http://comparebrokerages.in/brokerage/achiievers
Idea internet na ullu banawing.
it is okay to say you are an upcoming broker, but no need to say you are a leading broker.
.. check this image, this is on the NSE website. unique clients as per NSE, 1000 and not 10000. So even assuming you have 1000 for commodity, that is still 2000 only.
And yeah, your financials is also available here http://comparebrokerages.in/brokerage/achiievers
Idea internet na ullu banawing.
it is okay to say you are an upcoming broker, but no need to say you are a leading broker.
Where to check on NSE website how many clients a broker has?
This is a really good way to cross check what broker is saying is true or not.
Thanks
Hello All,
Please check the below link -
Look at " UCC OF ACTIVE CLIENTS " column.
http://www.nseindia.com/invest/content/arbitration_reports/report_1c_2013_14.htm
Enjoy,
CArnot
Please check the below link -
Look at " UCC OF ACTIVE CLIENTS " column.
http://www.nseindia.com/invest/content/arbitration_reports/report_1c_2013_14.htm
Enjoy,
CArnot
Re: Achiievers Equities Ltd
Scrip-HINDPETRO
CMP-512
Target-550-590
Stop Loss-475
Recommendation-Buy Above 515
HINDPETRO:- The stock is in a major up-trend, recently it break above a minor resisting trend-line with a rise in volumes. The stock is expected to continue its upswing.
Scrip-HSIL
CMP-406
Target-445-470
Stop Loss- 370
Recommendation-Buy Above 408
HSIL:- The stock is in a strong up-trend with rising momentum. It is expected to record a new swing high.
Happy Trading !!!
Monthly Calls 09.10.2014
Scrip-HINDPETRO
CMP-512
Target-550-590
Stop Loss-475
Recommendation-Buy Above 515
HINDPETRO:- The stock is in a major up-trend, recently it break above a minor resisting trend-line with a rise in volumes. The stock is expected to continue its upswing.
Scrip-HSIL
CMP-406
Target-445-470
Stop Loss- 370
Recommendation-Buy Above 408
HSIL:- The stock is in a strong up-trend with rising momentum. It is expected to record a new swing high.
Happy Trading !!!
Re: Achiievers Equities Ltd
Hi Market Oracle,
Details are already in our FAQ page https://www.achiieversequitiesltd.com/Static/Customerfaqs.aspx?fid=1
Nevertheless will answer it once again,you concern is valid,its your money so no issues.
Regulators and Exchanges have in place many things to ensure that Clients Funds are safe, enclosed below find some of the few key main things to address Clients concern
As a Broker we have to deposit a certain amount of money to be kept with the NSE, BSE and MCX to become members, these ensure proper capital adequacy and minimum net worth requirement.
For details please click the below URL’s
http://www.nseindia.com/membership/content/fees_depst_n_net_req.htm
http://www.bseindia.com/members/faqs.aspx?expandable=0
http://www.mcxindia.com/membership/feestructure/feedepositstructure.htm
As a SEBI regulated entity Client funds have to be kept in a separate bank account with a nomenclature as CLIENT A/C.Broker cannot mix client and pro funds together in any way. Achiievers maintains a rigorous policy of holding client funds in separate bank accounts from firm operating capital. These funds are never commingled and Achiievers ensures that client liabilities are fully funded. For your information we are not into proprietary trade which we have declared to SEBI and All the Exchanges so no point on mixing of fund. We are a pure retails broker, apart from that we are also Depository Participant of CDSL and have our own DP.
To check the Operation part of Brokers to be fully complied and regulated as per SEBI and Exchanges, Exchanges do perform an audit for several days every year. They check Client Margin, Share Holding, when we have received Margin from Client,Client Cash & Stock balances, Proper Distribution of Dividend, Policy in Force and other Compliance's. We have successfully cleared the Audit every year.
To get an idea how Brokers are regulated would suggest to please go through “Download Compliance Handbook” and “Download Compliance Calendar” from below mention URL
http://www.nseindia.com/membership/content/complinc_trading_mem.htm
All orders are place through secured and recorded line which can be verify through trade verification panel in exchange website, URL given below
http://www.nseindia.com/registration/tv/trades/newStructure/TVLogin.jsp
To keep Clients informed on their trade SEBI have mandated Exchanges to send Trade Details at end of each trading day on Clients registered Mobile and Email Ids (we also do send the same).
Investor Protection Fund is been created by regulator to help clients recover losses in case of default by brokers,electronic failures, other failures not related to clients.IPF is funded by some part of Clients Transaction Charges charged by exchanges. This is maintained by the NSE/BSE/MCX.
All Exchanges has an Investor protection fund, which will refund Clients money in case a broker defaults. To maintain transparency all our registration numbers provided by SEBI/FMC/IRDA/RBI for our membership with Exchanges are given on the footer of our website, Clients can verify the same from regulators.
We are the First Broker to Introduce Zero Brokerage in India and World, Achiievers Equities Ltd innovated the plan to say goodbye to traditional brokerage plan and change the rules of the game and the change will help you in trading or not it is on you to decide.
Furthermore as a regulatory requirement, we need to keep a few crores as a deposit with each exchanges to become a licensed broker. We have to also complete all the formalities required to be a broker. If you are still skeptical you can start by opening a small account with us and then gradually build on it.
There are some of other questions for you to ask as broker to ensure that the chances are reduced for unnatural terminal stalled or stop of trading. As far as safety is concern money might come back through Investor Protection Fund, but due to stalled terminal or stop of trading there can be opportunity loss that may never be recovered.
1. Average exchange margin utilization of broker, in our case is 60% in F&O and in Cash is 50%, reflects low risk.
2. We are a Zero debt company.
3. We have almost nil complain against us by our clients since inception
4. Strong Risk Management Policy, don’t believe in over leverage
5. Members of all the leading exchanges regulated by SEBI/FMC
6. Despite our fees being the lowest in the world, we maintain a handsome margin due to low overhead and are profitable.
Happy Trading !!!
Hi Market Oracle,
Details are already in our FAQ page https://www.achiieversequitiesltd.com/Static/Customerfaqs.aspx?fid=1
Nevertheless will answer it once again,you concern is valid,its your money so no issues.
Regulators and Exchanges have in place many things to ensure that Clients Funds are safe, enclosed below find some of the few key main things to address Clients concern
As a Broker we have to deposit a certain amount of money to be kept with the NSE, BSE and MCX to become members, these ensure proper capital adequacy and minimum net worth requirement.
For details please click the below URL’s
http://www.nseindia.com/membership/content/fees_depst_n_net_req.htm
http://www.bseindia.com/members/faqs.aspx?expandable=0
http://www.mcxindia.com/membership/feestructure/feedepositstructure.htm
As a SEBI regulated entity Client funds have to be kept in a separate bank account with a nomenclature as CLIENT A/C.Broker cannot mix client and pro funds together in any way. Achiievers maintains a rigorous policy of holding client funds in separate bank accounts from firm operating capital. These funds are never commingled and Achiievers ensures that client liabilities are fully funded. For your information we are not into proprietary trade which we have declared to SEBI and All the Exchanges so no point on mixing of fund. We are a pure retails broker, apart from that we are also Depository Participant of CDSL and have our own DP.
To check the Operation part of Brokers to be fully complied and regulated as per SEBI and Exchanges, Exchanges do perform an audit for several days every year. They check Client Margin, Share Holding, when we have received Margin from Client,Client Cash & Stock balances, Proper Distribution of Dividend, Policy in Force and other Compliance's. We have successfully cleared the Audit every year.
To get an idea how Brokers are regulated would suggest to please go through “Download Compliance Handbook” and “Download Compliance Calendar” from below mention URL
http://www.nseindia.com/membership/content/complinc_trading_mem.htm
All orders are place through secured and recorded line which can be verify through trade verification panel in exchange website, URL given below
http://www.nseindia.com/registration/tv/trades/newStructure/TVLogin.jsp
To keep Clients informed on their trade SEBI have mandated Exchanges to send Trade Details at end of each trading day on Clients registered Mobile and Email Ids (we also do send the same).
Investor Protection Fund is been created by regulator to help clients recover losses in case of default by brokers,electronic failures, other failures not related to clients.IPF is funded by some part of Clients Transaction Charges charged by exchanges. This is maintained by the NSE/BSE/MCX.
All Exchanges has an Investor protection fund, which will refund Clients money in case a broker defaults. To maintain transparency all our registration numbers provided by SEBI/FMC/IRDA/RBI for our membership with Exchanges are given on the footer of our website, Clients can verify the same from regulators.
We are the First Broker to Introduce Zero Brokerage in India and World, Achiievers Equities Ltd innovated the plan to say goodbye to traditional brokerage plan and change the rules of the game and the change will help you in trading or not it is on you to decide.
Furthermore as a regulatory requirement, we need to keep a few crores as a deposit with each exchanges to become a licensed broker. We have to also complete all the formalities required to be a broker. If you are still skeptical you can start by opening a small account with us and then gradually build on it.
There are some of other questions for you to ask as broker to ensure that the chances are reduced for unnatural terminal stalled or stop of trading. As far as safety is concern money might come back through Investor Protection Fund, but due to stalled terminal or stop of trading there can be opportunity loss that may never be recovered.
1. Average exchange margin utilization of broker, in our case is 60% in F&O and in Cash is 50%, reflects low risk.
2. We are a Zero debt company.
3. We have almost nil complain against us by our clients since inception
4. Strong Risk Management Policy, don’t believe in over leverage
5. Members of all the leading exchanges regulated by SEBI/FMC
6. Despite our fees being the lowest in the world, we maintain a handsome margin due to low overhead and are profitable.
Happy Trading !!!
Re: Achiievers Equities Ltd
@Market Oracle
It is sufficient proof that we are declaring the same in the public domain.
Indian markets are one of most regulated in the world,so we cant give any vague figure publicly or else it will have adverse affect.
Rest you can contact and verify the same from exchanges.
One thing we would like too add that we are a pure retail broker and don't do Prop Trade (have declared the same to exchanges and SEBI).
Happy Trading !!!
@Market Oracle
It is sufficient proof that we are declaring the same in the public domain.
Indian markets are one of most regulated in the world,so we cant give any vague figure publicly or else it will have adverse affect.
Rest you can contact and verify the same from exchanges.
One thing we would like too add that we are a pure retail broker and don't do Prop Trade (have declared the same to exchanges and SEBI).
Happy Trading !!!
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