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
2024-21
7,993
2
NSE
2024-21
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
2024-21
2024-21
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:
*Including against the sub brokers, authorised persons, etc.
**Non actionable means the complaints that are incomplete or outside the scope of the Stock Exchange.
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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.
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 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.
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 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.
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.
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Everyone has to be guided a lot of scammers are out there taking money from innocent traders. I was a victim to this scam crypto broker the made me loss my hard earn funds. I reported to Marketpeace. net and they where able to fight back for my funds now I have my funds fully recovered. You can as well write to their support team or WhatsApp +84 94 767 1524.
Grace lalana
If you have ever lost money through Lottery, Compensation, Binary Options, Inheritance Cryptocurrency or Forex. Or your’e also facing some challenges of withdrawals or your broker manager is always asking you to make more deposit before you could place a withdrawals from your account or you traded and lost your funds without any reason or maybe you noticed that your broker manager manipulated your funds or you have lost your bitcoins you can report to Gavin ray a specialist who helps to recover funds from any company legitimate or not legitimate I lost about 120k to scammers with the help of gavin ray I got back my funds in full. Kindly contact them through this Email Address : gavinray78 gmail com and you will be guided on the steps to recover all your lost funds.