If he has been cheating you and defrauded you systematically, as a part of a well thought of plan, you should lodge a FIR against this broker. Lodge a FIR for cheating, criminal breach of trust, forgery (incase he has forged some documents for cheating you).

If the police doesn't registers your FIR, you'll have to approach before the Magistrate under section 156(3) crpc.

As regards to the recovery of loses, I doubt you can recover genuine/bonafide losses. However, if there some bungling of money by your broker and as discussed, he has cheated you, you may send a legal notice to him seeking forthwith recovery of your dues.

Do let me know incase you need assistance with anything.

Best,

Vibhanshu

it is mandatory for broket to register his client with SEBI

2)SEBI requires that the agreement between the stock broker and an investor is to be in writing. It has to be executed on a stamp paper of Rs. 20.

3)The relationship between a stock broker and a client is that of a principal and agent.

4)The broker has a corresponding duty to ensure that he maintains separate accounts for his clients and pays them regularly the required amounts.

5) if broker has cheated you complain to SEBi against the broker

6) file police complaint of criminal breach of trust , cheating against broker under section 406, 420 of IPC

Hello,

You must immediately file an FIR for cheating and misappropriation of fund in the nearest police station.

Regards

If the broker has cheated you then you can also report the case to SEBI since the broer is bound to register you wit SEBI and please bear in mind that you relationship with the broker is of principal and agent.

In my advise you should file immediate FIR and subsequently file a case in the SEBI also.

Hi, it is a criminal offence of cheating , forgery and fraud .. File a complaint at the cyber cell crime branch delhi .. They will investigate the matter and will register the FIR ..

In this condition you have to file a complaint against him for the offence of cheating punishable under section 420 of the Indian Penal Code. Cheating is an offence as well as a civil wrong, therefore you can also file a civil suit against him for the compensation. You can file a civil suit for compensation for all the loss incurred by you due to his fraud.

If you initiate criminal as well as civil proceeding against him then both the proceedings may Run concurrently. For the Civil proceeding you have to  produce some evidence regarding loss incurred by you. In the Civil proceeding you can also claim cost of the petition and compensation for the mental agony.

profit and loss in online trading is common hence the broker cannot be held responsible for the losses you suffered.

However, if the broker has cheated yo and you hav evidence for that then you may lodge a criminal complaint against the broker for breach of trust, cheating and other offences.

You can even take up the mater with SEBI directly i the broker is laying fraud on you by quoting his broker licence number with the details of the fraud played by him on you.