If you’ve been exploring online trading in India lately, you’ve probably come across names like 24 Trade Live.
These platforms look sleek, throw around fancy terms, and promise things like 500x margin, “ultra-fast profits,” and “zero-risk trading.”
And if you’re new to the market, you might even think:
“500x margin? Seriously?”
“Can I really make big money with such a small investment?”
That’s exactly how they pull beginners in.
But here’s the part most people don’t know. Many of these platforms don’t operate in the real stock or derivatives market at all.
They function like classic dabba trading setups, running completely outside SEBI regulations. Your trades never reach the actual exchange, the prices you see can be manipulated, and the profits they show.
Mostly illusion.
So if you’re wondering whether platforms 24 Trade Live is Real or Fake, here it the complete details that you must check before signing up.
24 Trade Live Review
24 Trade Live presents itself as an online trading broker offering 500x margin, the lowest brokerage, quick deposit & withdrawal, and lots more.
Based on this, it is clear that it is not a legit broker and is running dabba trading services.
But as per SEBI, dabba trading is a completely illegal form of trading: trades are not executed on real stock exchanges.
Instead, the “broker” settles losses and gains internally, off-market.
In simpler terms: with dabba trading, your trades never hit a real exchange, your “profits” can be fake, and you don’t have any legal protection.
Is 24 Trade Live SEBI Registered?
Now, since it is an illegal trading platform, obviously, it is not safe.
Other than this, here are some of the key red flags that one must know to stay away from 24 Trade Live and other similar platforms.
1. No SEBI Registration
According to multiple sources, 24 Trade Live is not SEBI-registered.
- This means you cannot use SEBI’s grievance mechanisms or exchange-based investor protection.
- Your money is not guaranteed in any way the way regulated brokers’ funds are.
2. Illegal Dabba Structure
- Because trades allegedly don’t go to real exchanges, 24 Trade Live appears to operate like a dabba broker.
- SEBI and NSE have repeatedly warned investors about platforms like this.
- The platform can manipulate price feeds, trade durations, or “freeze” winning trades so that users lose when they try to cash out.
3. Unrealistic Leverage
- The promise of 500× leverage is a classic lure. While high leverage is technically possible in some markets, it’s extremely risky — especially if trades aren’t being routed properly.
- Such leverage can wipe out your capital in seconds if things go wrong — and on a dabba platform, “things going wrong” is more likely.
4. No Transparency or Accountability
- There’s very limited reliable information about who owns 24 Trade Live, where it’s based, or its regulatory status.
- Customer support and withdrawal complaints are common in unregulated platforms like these.
- Without a regulated infrastructure, you have little to no recourse when things go wrong.
5. Regulatory Warnings
- SEBI has recently reiterated that Dabba trading is illegal in India and poses huge risks.
- NSE has also issued multiple warnings, stating that such platforms are not registered or recognized and that investors using them are not covered by exchange-level protections.
Is 24 Trade Live Safe?
Still wondering, what’s wrong with trading on such a platform as long as it is providing leverage and opportunity to make money.
Let’s give you the clarity of the risk associated with the platform.
- Loss of Funds: Because the trades might not be real, you could lose what you deposit just like gambling.
- No Legal Protection: Since it’s unregulated, SEBI’s investor-protection measures don’t apply.
- No Exchange Redressal: Dabba trades are not on a registered exchange, so you can’t raise disputes via an exchange’s grievance system.
- High Risk of Manipulation: Prices, trade outcomes, and payouts may be controlled in a way that favors the platform.
- Withdrawal Problems: Unregulated platforms often delay or block withdrawals, especially when users try to cash out big.
How to Report 24 Trade Live (or Any Dabba Platform)
If you suspect you’ve encountered a Dabba trading platform like 24 Trade Live, here’s what you should do:
1. Complaint to SEBI Against Company
- Use the SEBI SCORES portal to submit a grievance.
- Clearly mention the platform name (24 Trade Live), URL, and your concerns.
2. File a Cyber Crime Complaint
- Use your local cyber cell or file an FIR.
- Provide all evidence: screenshots, transaction receipts, chat logs, ads.
3. Inform Your Bank
- If you have transferred money, tell your bank immediately.
- Ask them to flag any further transactions.
- They might help freeze or reverse payments (if possible).
Conclusion
24 Trade Live appears to be a classic dabba trading platform, operating outside SEBI regulation, making offers that are too good to be true (500× margin), with very little transparency.
Given the regulatory warnings, real-world scams, and legal risks, it’s extremely dangerous for retail investors to trust such platforms.
Unless a broker is clearly registered, audited, and regulated, it’s much safer to stick to well-known, SEBI-registered brokerages, even if the “quick-profit” promise is less tempting.
In short, if something sounds too easy or too profitable, it probably is. Don’t gamble your hard-earned money, trade smart, stay informed, and always verify.
And don’t forget to register with us, so that we can help you report trading scams and how you can recover your money from such scams.
