The first thing that I wanted to clear is that it is my friend who worked in India Bulls. So basically its his experiences as an agent that I wanted to share with you all.
My friend worked in India bulls for about 4 months as an agent. His job was to convince people to avail the services of India bulls whenever they do any kind of transactions like buying and selling of equities and other investment vehicles.
He got 2500/- as commission for every 5 lakhs rupees brokerage he accomplishes in a month. Although he achieved his targets well before the actual deadline but in getting his target, he and his fellow agents many a times suggest stocks to their customers which are beneficial for them in achieving their targets rather than proving beneficial to their customers. At one instant a guy lost 7 lakh by following the advice of such an agent.
That is where my friend thought that he also had done the same thing for saving his bottomline and the people who followed his advice must be cursing him as they see their hard earned money dwindling in the sea of equity market and is near to extinction.
Although now he no more works for india bulls but always warn everyone not to do their trading through their agents because they wont work for your money but for theirs.