power of attorney is applicable in MCX?

Is MCX have rules like power of attorney?(This means exchange members can do trade without client knowledge)


i opened account in one of the mcx trade company in Coimbatore. They get lot of sign when i open account. i asked why getting lot of sign, they told its just for an account opening form. then i invest 4.4 lake. they trade in my account without my permission and lost amount 2.6 lakes. i was going to ask about loss , they told you gave a power of attorney so don’t ask about loss , we have rights do to anythink in your account…
By: ramakrishnan

2 Comments on power of attorney is applicable in MCX?

  1. The brokerage company name is procon advisiory services india pvt ltd in coimbatore. they are cheating lot of members like me. how i can take an legal action?

  2. i never heard that from my experience, i have been with 3 brokers… never faced such problem… this is totally bull shit…

    which brokerage ? name it… if you have that copy, then check that with advocates…

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