It is said that more than 90% traders are losers in market. Even SEBI has introduced and mandated a message on the trading screen warning to traders that more than 90% traders loose in market.
But nobody tells that these innocent traders loose money because of wrong trades without knowledge and Risk Management, advised to them by tipsters.
I want to point out that out of these 90% , More than 75% losers are because of Zerodha.
When any newbie opens a demat account in Zerodha, Zerodha shares data of new customer to various tip providers. They call the customer on regular basis and try to lure them in mouth watering offers. They promise 50-60-70 % returns and newbie traders gets trapped and pays money to them and subscribes their services.
This starts the downfall of that trader and finally he loose all his money.
I opened a new demat account with my new mobile number nearly one year ago and even after one year till now i am getting 1-2 calls daily for joining or subscribing services providing 60-70% returns.
So, i request Zerodha to STOP sharing new customers data to tipster just to earn some money. Rather you can increase charges of demat to cover your expenses. But dont give a chance to tipsters to trap innocent traders.
@Sushil_Girdher how do you know it is Zerodha and not someone else involved in the registration process?
Also, not sure how well-trained in handling sensistive data are the employees working for our brokers. Employees of even reputed Indian banks are known to share sensitive documents over personal devices and unofficial communication channels.