| Name of Complainant | |
| Date of Complaint | May 22, 2025 |
| Name(s) of companies complained against | Jainam and Indiciin |
| Category of complaint | Investments |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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I was adding one WhatsApp group in which they told me they are from Jainam broking group and they told me they help me to suggest the stock where I can invest, and they will help me to on good money and there will be some fees of them so where I have to invest but later when I start investing, I try to withdraw money and I get little bit money but later they also help me to invest more but later I cannot withdraw money and they’re saying like you have to do that. You have to do this which I feel it is fraud.
Meanwhile, there is one more company there in the name of Indicoin they also have same concern, but they deliberately tell people to do this, but somehow they want to make a mistake so they can get more money and they want us to pay more and somehow we end up being paying more because in starting day, start giving a little bit money and in the end I end up with paying like three lakhs to them
Serious Warning to Investors
My experience with Jainam Broking has been extremely concerning. I was induced to trade with assurances of profits and safety of capital, followed by continuous pressure through calls and WhatsApp to execute trades without proper understanding.
I was persuaded to share my account credentials under the pretext of recovery of losses, after which excessive high frequency trades were executed that were not aligned with my risk profile, clearly indicating brokerage-driven trading.
There were instances where trades were not even visible in my account, and in later stages, positions were taken under MTF without my informed consent, causing further losses. Despite repeated follow ups, there was no transparency, no accountability, and most calls went unanswered.
This is not a normal trading loss but a clear case of misrepresentation, pressure selling, and lack of client protection.
Investors are strongly advised to be extremely cautious and never share credentials or act under pressure.