Quick Summary
A West Bengal investor paid ₹84,000 to Dealwise Pro and was pressured to keep investing through losses on promises of guaranteed recovery. The case went through SEBI SCORES, conciliation, and formal arbitration, where the Sole Arbitrator confirmed five separate violations and directed a ₹59,000 refund within 15 days. This page covers what went wrong, exactly what the arbitrator found, and how to follow the same process if your experience with Dealwise Pro looked similar.
Did a Dealwisepro representative promise you guaranteed returns? Are you now sitting with losses and hearing nothing but loss-recovery claims?
You are not imagining it. Dealwisepro misleading services have followed a clear pattern, and one investor’s arbitration case proves it.
If you are facing the same situation, we are here to help you through this blog to show you exactly how to fight back.
Dealwise Pro Review
Dealwise Pro Research Analyst is a Maharashtra-based sole proprietorship owned by Pranali Prasad Choughule.
The firm operates from Navi Mumbai and delivers stock market research alerts in the Nifty and BankNifty options segment exclusively via WhatsApp.
It holds a valid SEBI registration under the number INH000013846, granted on December 1, 2023.
SEBI registration confirms the firm met the minimum threshold to operate. It does not confirm how the firm operates on the ground.
That distinction matters, and the arbitration case below shows exactly why.
Did Dealwisepro Provide Misleading Services?
A West Bengal investor paid ₹84,000 in fees to Dealwise Pro.
He followed the firm’s trading recommendations and suffered heavy losses, while representatives kept pressuring him to invest more with assurances of recovery.
The matter was taken to SEBI SCORES through conciliation, and finally to formal arbitration, where the Sole Arbitrator passed a binding award directing Dealwise Pro to refund ₹59,000 within 15 days.
How We Helped the Investor in The Arbitration Case?
Our team helped the investor organise his evidence, draft his submissions, and represent his case at every stage of the arbitration.
We stayed with him from the SCORES complaint through to the final award.
Violations by Dealwise Pro
The arbitration proceeding placed the following violations on record.
1. Assured Loss Recovery and Guaranteed Returns
Firm representatives told the investor his losses would be recovered. They assured him of profits of 30–40% on a daily basis.
SEBI’s Research Analyst Regulations explicitly prohibit any promise or guarantee of assured or risk-free returns, whether verbal or written.
2. Advising on Specific Trade Quantities
Representatives instructed the investor on specific lot sizes and quantities to trade.
A SEBI-registered Research Analyst is only permitted to provide buy, sell, or hold recommendations.
Advising on order size or quantity falls outside their permitted scope entirely.
3. Pressuring Investors to Add Funds During Losses
Even after the investor had already incurred losses, representatives continued to call him and push him to invest more money.
This conduct goes beyond research recommendations and crosses into prohibited advisory behaviour.
4. Fee Charged Without Prior Written Disclosure
The investor was charged ₹84,000 for a single month of service. He confirmed during the hearing that he was never informed of the fee structure in writing or orally before paying.
The arbitrator found no documentary evidence that the respondent had disclosed the fee structure or obtained the investor’s consent for advance quarterly payment.
5. Fee Structure Displayed on Website Exceeded SEBI Cap
The firm’s website listed a monthly fee of ₹1,77,000 for its Platinum package at the time of the dispute.
SEBI mandates a maximum fee of ₹1,51,000 per annum per individual or HUF client.
The conciliator independently verified this discrepancy on the firm’s website during the proceedings.
SEBI Penalty on Dealwise Pro
The Sole Arbitrator directed Dealwise Pro to refund ₹59,000 to the investor within 15 days.
The award is legally binding and enforceable through courts under SEBI’s SMART ODR framework.
Key Takeaways for Investors
Before you engage with any Research Analyst, registered or not, keep these points in mind.
- A Research Analyst can only give buy, sell, or hold recommendations, nothing more.
- Any promise of guaranteed returns or loss recovery is a direct SEBI violation.
- The fee must be disclosed in writing before you pay, not after.
- A consent form that waives your right to complain carries no legal enforceability under SEBI regulations.
No consent form or disclaimer protects a firm that crosses these lines. These patterns are textbook examples of Dealwise Pro misleading services.
If it happened to you, you have grounds to act.
Signed a consent form you now regret, or still hearing nothing but loss recovery promises?
We have already handled this exact case, from evidence review through arbitration.
Did You Face Something Similar? Here Is What to Do
Losing money to false promises is not something you have to quietly accept. SEBI has built a free, fully online process specifically for situations like this one.
Every Research Analyst dispute, whether it involves guaranteed return promises, undisclosed fees, or a consent clause like the one described above, follows the same regulated escalation path.
If you are unsure where to start, the general process for filing a complaint against SEBI registered research analyst covers every stage in detail, from your first written complaint through arbitration.
Conclusion
Dealwise Pro holds a valid SEBI registration. But registration is a licence to operate, not a certificate of good conduct.
This arbitration case is a clear example of Dealwise Pro misleading services in action.
It shows a pattern of pressure tactics, misleading assurances, and fee practices that did not hold up to regulatory scrutiny.
If your experience with Dealwise Pro did not match what you were promised before you paid, you now know exactly what to do.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
No. SEBI explicitly prohibits any Research Analyst from promising or implying guaranteed or risk-free returns, verbally or in writing.
No. SEBI regulations guarantee every investor the statutory right to file a grievance. No private contract can override that right.
The Sole Arbitrator directed Dealwise Pro to refund ₹59,000 to the investor within 15 days of the award dated July 1, 2025.
SEBI mandates a fee ceiling of ₹1,51,000 per annum per individual or HUF client who is not an accredited investor.
Add us as a preferred source on Google »
