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SMIFS LTD Complaints

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Complaint against SMIFS LTD Broker

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

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

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

SMIFS LTD Complaints

Exchange Financial Year Total Complaints Active Clients
NSE 2023-24 3 5,679
BSE 2022-23 1 1,208
NSE 2022-23 5 5,795
NSE 2021-22 23 6,284
NSE 2020-21 37 5,464

SMIFS LTD complaint at NSE

Active Clients567957956284
Resolved through the exchange3520
Non actionable002
Advised / Opted for arbitration000
Pending for redressal with exchange001
No. of arbitration filed by clients11610
Decided by arbitrators in favour of the clients0126
Decided by the arbitrators073
Pending for redressal with arbitrators144

SMIFS LTD complaint at BSE

Active Clients1208
Resolved through the exchange1
Non actionable0
Advised / Opted for arbitration0
Pending for redressal with exchange0
No. of arbitration filed by clients0
Decided by arbitrators in favour of the clients0
Decided by the arbitrators0
Pending for redressal with arbitrators0


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

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1. Arif   I Like It. |Report Abuse|  Link|Sep 8, 2022 1:10:18 PMReply
Fake employee mumbai office, please dont open any account, I lost 80000 Rs within 20 days only,
You will not get any support.
1.1. Nita   I Like It. |Report Abuse|  Link|Jan 7, 2023 1:17:42 PM
Same here SMIFS borivali branch i also invested money all lost.... please don't invest.... staff dont know to to do trade... after that they only giving reason of market fluctuations.....they dont have any worry about your fund....
1.2. Vijay   I Like It. |Report Abuse|  Link|Jul 5, 2023 10:47:01 PM
I also have the same experience. These peoples looting us. We can write to sebi and raise the matter. As well as raise cyber crime complaint. You can also lodge a complaint to your police station under IPC 420.