Thread by @rajeshkmoorthy

Used to be #Zerodha and today, it's #fyers.

There is quite a good reason why I ask my clients not to go to these so-called "New-Age Startups". Better to go for a full-service broker with stronger and more efficient systems than these 'half-baked' start-ups.

Crores lost today.

Its weekly options expiry today and people are suffering. Sad that I couldn't able to help. I can only advise people to avoid these companies. The decision is theirs ultimately. People take only costs into account and they suffer.

Low cost means low service. Understand that.

Start-ups are NO GOOD in anyway. They are just glitter. Once you see past the glitter, its the same shit as any other pathetic startups who have a so-called trading system.

Your money is NEVER SAFE in these startup brokers.

Please be careful. Thats all I can say.

End of the day, these CEOs of these stupid companies like @tejaskhoday will come out with a detailed "Its-not-me-its-him" kinda explanation blaming others and caring a damn about the retail people who have lost crores and crores today unable to square off their positions.

This is the problem with these half-baked ivy graduates who think that they can do wonders and start a company without any knowledge whatsoever.

All flashy and glittery but at the end of the day, even if you apply deodorant to shit, it's gonna show up its true smell one day.

That's what happening now. The deodorant has faded away and it's smelling shit across the market.

Good job #Fyers. I know you wanted to take #Zerodha's place but didn't think that it will be in the 'screwing your customers' area. If it was, Congratulations. You have succeeded.