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With dismay i have to inform that, my money has been siphoned off my 5 pasia without giving any prior message or call.i short sell tata motors today @Rs88.10(2500shares) and when it reached close it high Rs94.30 they squared it off delibrately ,with no prior information ,inorder to give me huge loss of Rs15600,though my loss bearing capacity was Rs28500(aprrox) .As i have used the margin of 2lakh, inspite of that 5paisa would have all the rights to square off my position if it would have created a loss of even Rs1 on the account of loan(margin money)utilised by me and there loan charges of 0.05%/day ,But that was not the case.They shamelessy and delibrately squared it off when tata motors price was touching its high of Rs 94. By giving a lame excuse of volatility,risk management and my capital infused has gone below 50% as per there lame policy which is higly illogical.
This is utter nonsensical ,as i have the capacity to incur losses upto Rs28000 by paying all your charges and fee then who has given the right to 5paisa to square off my postion without informing me or giving prior intimation to infuse more funds.
If they wouldnot have intervine into my account then i would not have incurred such losses of 15.6k ,it would have been close to Rs600 only.
This is a extremely serious concern and need to be redressed immidiately for the amount i have lost ,else it will lead to legal arbitration of dispute and this is not be a threated as threat,but any neglegence or overlooking will have serious repuccusion and will graveiously damage the repo of 5paisa ,and prohibit the new trader to join and current traders to shift to better and transparent trading platforms readily available.

Same happend with me they squared off without concern and deducted all my amount and again asking for more

Same happen with my Tata power share