Scrolling through endless investment options can feel exciting until one small doubt changes everything. You see a name, check a profile, maybe glance at a website, and suddenly you are wondering if you are about to make a smart move or a costly mistake.
That is exactly where searches like Aditya Shivhare complaints start popping up in your mind.
It usually begins with curiosity but quickly turns into caution. Because in today’s digital investment space, visibility does not always equal credibility.
Some analysts appear active across platforms, yet still leave gaps when it comes to trust and transparency.
So how do you decide who is genuine and who needs a second look?
Let’s break down everything about Aditya Shivhare, his services, and the concerns that you should not ignore before making any financial decision.
Aditya Shivhare Review
Aditya Shivhare is a SEBI-registered research analyst holding the registration number INH000013873.
He is based in Bhopal and provides stock market recommendations across multiple segments. These include stock cash, stock options, and other trading strategies that are shared through his website and WhatsApp groups.
His presence is spread across several social platforms, such as:
- On Instagram, he has around 405 followers, where he presents himself as a financial planner.
- His LinkedIn profile has over 400 followers, but not much interaction.
- Facebook presence shows almost no engagement with zero followers.
- He is also on YouTube, but with a very small audience of around 20 subscribers.
- He also has a website called Trade Care Research.
While having multiple platforms may look like a positive sign, the engagement level tells a different story. Limited interaction and low follower count across platforms can sometimes indicate that the reach or credibility is still developing.
Aditya Shivhare operates through a website called Trade Care Research. This platform offers a range of paid services targeted at retail traders and investors.
The services include:
- stock cash recommendations
- intraday trading, stock options
- stock futures
- index options
- commodity trading
- swing trading
- bank Nifty bonanza
Their pricing structure ranges from ₹50,000 per year and goes up to ₹1,50,000 annually. This pricing is aligned with SEBI guidelines, at least in terms of fee structuring.
On the surface, the service portfolio looks quite comprehensive. However, the real question is not what is offered, but how consistently and transparently it is delivered.
Aditya Shivhare Complaints Data
When you specifically look into Aditya Shivhare complaints, the situation becomes interesting.
According to the complaint data available on his website, there are no complaints shown. At first glance, this might feel reassuring. But if you look closely, the data raises several concerns.
The complaint records have not been updated since October 2025. Ideally, a SEBI-registered research analyst is expected to maintain and update the complaint data regularly.
As of now, the data should reflect updates till at least March 2026, but that is missing.
Looking at the annual complaint section, it only covers the years from 2023 to 2025, and even there, no complaint data is displayed.
This might seem like a clean record, but the lack of updated information creates a gap in transparency.
Another important detail is related to his license validity. It is mentioned as valid from 2023 to “perpetual.”
The use of the word “perpetual” can raise questions, as it may indicate that the documentation process is not fully clear or properly represented.
If you further analyze his online presence, the concerns deepen. His Instagram content appears largely AI-generated with minimal engagement from users.
There is also no meaningful discussion or review about him on community forums.
All of this leads to one key takeaway. The absence of complaints does not automatically mean reliability. Sometimes, it simply means there is not enough verified public feedback available.
And when it comes to investments, choosing someone who is barely visible or discussed in the public domain can be risky.
SEBI Guidelines for a Research Analyst
Before you trust any research analyst with your money, it is important to understand what they are actually allowed to do and where the line is clearly drawn.
Many investors get misled simply because they are not aware of these boundaries. Here is a simple breakdown that can help you stay alert and make better decisions.
| What a Research Analyst Can Do | What a Research Analyst Cannot Do |
| Provide research-based stock recommendations | Guarantee profits or fixed returns |
| Offer advisory on stocks, derivatives, and market trends | Manage your funds without proper authorization |
| Share insights backed by data and analysis | Mislead investors with false promises |
| Maintain transparency and disclose risks | Operate without SEBI registration |
| Educate investors about market behaviour | Use insider information or manipulate markets |
Now that you know these guidelines, it becomes much easier to identify red flags.
If any research analyst crosses these limits or makes unrealistic promises, it is a clear sign that you should step back and rethink before investing your money.
How to Register a Complaint Against a Research Analyst?
If you ever face issues with a research analyst, following a structured approach can make a big difference.
Here are the steps that you need to follow to register your complaint:
Step 1: Contact the Research Analyst First
Start by raising a formal written complaint with the research analyst, clearly mentioning your client’s details, issue, dates, and supporting evidence.
Avoid relying on calls; written communication creates a verifiable record. Keep copies of all emails, messages, and responses.
Step 2: File a Complaint in SCORES
If the issue is not resolved, escalate it through the SCORES platform of the Securities and Exchange Board of India with complete documentation.
This ensures your complaint is officially recorded and requires the research analyst to respond within defined timelines.
Step 3: Register a Complaint in SMART ODR
If the response through SCORES is unsatisfactory, you can initiate proceedings through the SMART ODR (Online Dispute Resolution) platform.
This is a structured mechanism where both parties submit their case, and an independent process evaluates the dispute based on evidence.
Step 4: Arbitration in the Stock Market
If the issue remains unresolved, you can proceed with arbitration through recognized stock exchanges.
An independent arbitrator will review all documents, including communication records, advisory messages, and payment proof.
The decision is evidence-based and legally binding, depending on the merits of the case.
Need Help?
If you are facing issues with a research analyst and are unsure how to proceed or whether your case qualifies for escalation, professional guidance can make the process easier.
Register with us, and we can help you with:
- Organizing your evidence and documentation.
- Drafting a structured complaint aligned with regulatory requirements.
- Filing and tracking complaints on SCORES and SMART ODR.
- Understanding your rights under applicable regulations.
- Guidance on timelines and next steps.
Taking timely action is critical. The earlier you document and escalate, the stronger your case becomes.
Conclusion
The search for Aditya Shivhare complaints is less about finding negative reviews and more about identifying missing pieces of information.
While there are no visible complaints, there are clear gaps in updated data, transparency, and public engagement.
A research analyst handling your money should not just be present online but should also be accountable, transparent, and consistently reviewed.
Outdated complaint records and limited interaction raise valid questions that you should not ignore.
Before investing, always verify every detail. Do not rely only on what is shown.
Look for what is missing as well. Because in the world of investments, informed decisions are your strongest protection.
