24 trade live claims you can trade around the clock with huge leverage and minimal fees.
The slick site and ads make it look like a legit trading platform, but there’s almost no real content explaining who runs it or where it’s located.
So is 24Trade LIVE real or fake?
Is 24 Trade Live SEBI Registered?
In India, only SEBI-registered brokers and intermediaries are allowed to offer stock or commodity trading services.
SEBI’s own warnings make this crystal clear: “the public can invest and undertake trading activities in the securities markets only through registered intermediaries.
Any scheme or app not on SEBI’s list is unauthorised.
We could find no record of 24 Trade Live on SEBI’s lists of registered stock brokers or investment advisors.
In fact, SEBI has repeatedly cautioned investors to deal only with official, regulated entities.
So running a platform like 24 Trade Live without SEBI approval would be illegal. It’s not a SEBI-registered broker, which alone is a huge red flag under Indian law.
Is 24 Trade Dabba Trading?
All evidence points to it being fake.
Independent watchdogs label it “high-risk” and urge everyone to steer clear.
BrokersArchives’ deep dive found “a lack of licensing, hidden ownership, and recurring withdrawal complaints all point toward a platform that should not be trusted with investor funds”.
It is a kind of Dabba Trading.
Dabba trading works like unregulated offline exchange trading where deals aren’t executed on any official stock market. Instead, trades are just settled privately by the operator, outside SEBI’s radar.
Other scam-alert sites give it extremely low trust ratings (around 18.8/100) and flag it as “new, suspicious, and dubious.”
There are no credible user reviews, only forum posts and experts warning that it’s likely a fraudulent app.
Platforms like 24 Trade Live often push high-risk products like Binary Options or similar forms of short-term, all-or-nothing betting.
SEBI has not approved or regulated Binary Options trading in India. This means the platform’s core offering is illegal gambling masquerading as “trading.”
Hence, it is not safe for users.
24 Trade Live Red Flags
- No SEBI or regulatory license.
The company claims nothing about being registered or regulated. Scam researchers emphasize it “operates without a valid license” and is completely unregulated.
In India this means it has no legal right to accept your money for stock trading.
- Unrealistic Leverage
Promises like “500X margin” or guaranteed big returns are a dead giveaway.
SEBI notes that fraudulent apps often show fake profits on paper and then block withdrawals when you try to cash out.
24 Trade Live’s guarantee of huge profits with low risk is too good to be true.
- Offshore, anonymous setup.
The domain is privately registered via DomainsByProxy in Arizona, with zero transparency on who owns it.
Genuine Indian brokers usually have an Indian address and show their founders or registration details.
- Withdrawal problems.
Victims report being unable to get money back. In fact, 24 Trade Live has drawn “numerous complaints by users claiming they cannot withdraw funds”.
If you deposit money, the app may freeze it, citing taxes or processing fees, and then block you. This is exactly what happened in many similar scams.
How to Report Dabba Trading Apps?
If you suspect that 24 Trade Live is a fraudulent or illegal trading platform, here’s what you can do:
- You can report Dabba Trading platform to SEBI by sending an email.
- Draft an email with proofs to support the detail of scam.
- Visit the cyber crime portal.
- Choose “Report Other Cyber Frauds.”
- Attach screenshots, transaction proofs, or chat messages.
- Inform your bank immediately
If you’ve made any payment, contact your bank’s fraud department to raise a dispute or chargeback ASAP.
Need Help?
Our team has assisted thousands of victims in tracking scam transactions and recovering lost money.
Contact with us, we will help you how to start the recovery process and report trading scams running illegally in India.
Conclusion
At first glance, 24 Trade Live might look like a promising trading platform with big profit claims and sleek graphics, but dig a little deeper, and the red flags start waving.
It’s not SEBI-registered, operates in a grey area of dabba trading, and has multiple user complaints about withdrawal and fake profit issues.
