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LKP Securities Consumer Complaints

LKP Securities Ltd (LKP Securities) operates in the equity cash, equity derivatives, currency future and debt market segments. The company is a member of both cash and derivative segment of BSE and NSE. It also acts as a DP with CDSL. Besides, the company also offers demat services, research & analysis services and Distribution of Financial Products such as MFs and IPOs amongst others. LKP Securities through its associate entity, Alpha Commodity Pvt Ltd offers commodity services through its memb... Know more about LKP Securities

Complaint against LKP Securities Broker

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LKP Securities brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the LKP Securities customers. The LKP Securities consumer complaints report analyzes the LKP Securities online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against LKP Securities broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The LKP Securities complaint no. report also provides LKP Securities’s number of active clients. This shows the growth of the broker year on year.

LKP Securities Consumer Complaints

Exchange Financial Year Number of Clients   ? Total Complaints  ?
BSE 2019-20 9,974 5
NSE 2019-20 26,326 16
BSE 2018-19 11,289 2
NSE 2018-19 28,639 24
BSE 2017-18 19,986 11
NSE 2017-18 28,952 34
BSE 2016-17 14,696 17
NSE 2016-17 22,671 43
BSE 2015-16 14,874 26
NSE 2015-16 21,643 85
BSE 2014-15 83,111 3
NSE 2014-15 21,235 60
BSE 2013-14 76,674 9
NSE 2013-14 13,855 32
BSE 2012-13 72,344 4
NSE 2012-13 60,371 18
BSE 2011-12 68,054 7
NSE 2011-12 56,730 10

LKP Securities complaint at NSE

2019-202018-192017-18
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year
No. of active clients263262863928952
No. of complaints received *162434
Resolved through the exchange122334
Non actionable **100
Advised / Opted for arbitration000
Pending for redressal with exchange310
No. of arbitration filed by clients140
Decided by arbitrators in favour of the clients130
Decided by the arbitrators100
Pending for redressal with arbitrators010
% of No. of complaints as against No. of active clients0.060.080.11
% of complaints resolved as against complaints received81.2595.83100

LKP Securities complaint at BSE

2019-202018-192017-18
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year137765128687115960
No. of active clients99741128919986
No. of complaints received *5211
Resolved through the exchange5111
Non actionable **100
Advised / Opted for arbitration001
Pending for redressal with exchange010
No. of arbitration filed by clients002
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000
% of No. of complaints as against No. of active clients0.050.020.06
% of complaints resolved as against complaints received10050100

Note:

  • * Including against its sub brokers, authorised persons, employees, etc.
  • ** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange
Read more about LKP Securities

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5 Comments

Mary Mathew
5. Mary Mathew  Feb 10, 2018 08:32 I Like It. | I Don't Like It. | Report Abuse Reply
I have held an account with LKP for about 3 years. I closed it because of their shoddy service . But since last year I started getting messages from BSE that my fund balance in LKP is 0. I talked to some lady at LKP who insisted it is BSEs mistake and they no longer have my account. Yesterday I received a call from a lady at LKP Goregaon, who wanted to know why I am not active ly trading now. When questioned 3 times whether I have an account there, she said I have. I fear they are misusing my account and that is why they are lying that it is closed. I am left with no option but to complain to SEBI
Aditi jayant pathak
4. Aditi jayant pathak  Aug 24, 2016 14:45 I Like It. | I Don't Like It. | Report Abuse Reply
Hopeless service I have 2 sips with lkp and after 3 month they can''t even register my otm requests. I am in followup for last three month and still it''s pending. They even dont have valid reason to ans my quires. Please people I request do not do any transactions with lkp security hopeless services and knowledgeless. Only at the time of new sip this people entertain you and after that they don''t even pick up the call. There is major issue with jm Road ghole Road branch pune. Pathetic service by komal and chaitrali.
Anil
3. Anil  May 17, 2016 17:45 I Like It. | I Don't Like It. | Report Abuse Reply
I would like to bring your notice the fraud and cheating done by LKP securities with me. I have been LKP customer for last 1 year on the day of financial closing March 31, 2016 in order to meet their brokerage profits they have done massive trading in my account to erode 62 thousand as brokerage charges as well incurred me a trading loss of 17 thousand.

In order to safeguard themselves these guyz played tricks with me to get my trade confirmation post executing the trade on IVR and presented the same to NSE to downplay me.

They have not brought to my notice the hell amount of brokerage they are extracting on that single day.

Please beware from the cheaters and monitor your account also do not allow these guyz to take trade on your behalf rather trade yourself…. HARD Learning for me
Pradip Jashwanatlal Bajwala HUF
2. Pradip Jashwanatlal Bajwala HUF  Feb 21, 2016 09:06 I Like It. | I Don't Like It. | Report Abuse Reply
LKP is cheater. They opened my account with brokerage to by charged on one leg only but have been charging the same on the same on both the sides. To snatch the business from previous broker, LKP offered Bank Guarantee and suddenly after two years gave constant threat to charge four time brokerage, if don''t give margin in cash in lieu of BG. They do not pass on benefits of Transaction Cost Reductions given to the by NSE. Partial Payout / delayed payout is another problem. They even suspended my trading for couple of weeks.
subramaniam
2.1. subramaniam  Jul 6, 2016 12:01 I Like It. | I Don't Like It. | Report Abuse
       SUBRAMANIAM BO/Trading Code: 11210133
LKP Chennai had unilaterally set off my positions without my consent. While margins are due on T+1 they adjust the positions during trading hours itself

Most disturbing is their severe fund crunch. They do not pay out even after the positions are closed and various reminders sent... It seems LKP is in dire financial straits.

SEBI, NSE should immediately investigate
Ramu
1. Ramu  Feb 12, 2016 10:50 I Like It. | I Don't Like It. | Report Abuse Reply
I have taken account in this .. really i am not satisfied with this brokerage.
with out my approval they activated subscription plan and they are not giving answer to my request from last 3 months. this is worst brokerage in the market.







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