| Address: Chennai, Tamil Nadu |
Hi All,
I would like to request all traders/investors to stay away from any products offered by www.smartfinance.in. I have availed their intraday/positional call service by paying 13,000 Rs(3 months service). But you will surprise to know that I have lost 50% of my capital in just few calls in first month of service. They are claiming that they will protect your capital and it is a zero loss F and O strategy calls. However their claim is bogus and you will end up losing your capital. The reason being they give calls under the strategy called beta hedge calls without any stop loss (i.e. pair strategy in which you go long in one script and short in another script at the same time). However most of their calls went wrong and I made huge losses. They also don’t give any exit calls in case of major losses and moreover there is no stop loss mention in such calls (e.g. buy Tata steel at x price and sell sterile at y price and max profit 19,000 and max loss 11,000). I have seen that you end up losing more than the amount mentioned in Max loss i.e. Rs. 11, 0000. I have lost almost Rs.45, 0000 in just 2 calls in the matter of 15 days. When I called them for guidance regarding these calls but there was no support. I think the one who have taken this service; they might have realized this problem. If you think I am making any false statement then I can challenge anyone with proper proof. They will also not provide you any free calls to test their quality. Also in case of option calls the margin required is very high where as they will claim that you can execute 1 single strategy in just Rs.50,000, however your broker will charge you Rs.2 lakh. All their calculation and claims are fake and not practical. Please stay away from www.smarfinance.in service and protect your capital. I have lost my money but do not want you to lose. This is my sincere effort. If you feel I am creating some story then take their service for 1 month and you will get a proof for what I am saying. Take Care
Regards
Shilpa Was this information helpful? | 
"When Beta is expanding in negative direction buying independent and selling dependent is giving profits most of the occasion and vice versa. Please rectify my observation if i m in the wrong direction.