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.
Dealwisepro Review
Dealwisepro 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 Dealwisepro.
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 Dealwisepro 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 Dealwisepro
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 Dealwisepro
The Sole Arbitrator directed Dealwisepro 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 Dealwisepro misleading services.
If it happened to you, you have grounds to act.
Did You Face Something Similar? Here Is What to Do
You do not have to absorb the loss and move on. SEBI has built a clear, free, and fully online process to fight back.
Follow these steps:
Step 1: Build Your Evidence File
Collect every WhatsApp message, call recording, payment receipt, and bank transaction screenshot.
Write down every promise made before you paid, the exact amounts, and a clear timeline of what happened after. Strong documentation is what gets complaints taken seriously.
Step 2: Write to the Firm First
Send a formal written complaint to Dealwisepro’s official compliance contact.
State your grievance clearly and describe the specific conduct you experienced. SEBI requires registered Research Analysts to resolve investor complaints within 21 days of receipt.
Step 3: File a Complaint with SEBI SCORES
If the firm does not respond or fails to resolve your complaint, file a complaint on SEBI SCORES, the official investor grievance portal.
Search for Dealwisepro Research Analyst, describe your grievance in detail, and upload all your supporting documents.
Step 4: Escalate to SMART ODR
If SCORES does not deliver a satisfactory outcome, move to SEBI’s SMART ODR platform.
SMART ODR handles structured conciliation for securities market disputes. It is free, fully online, and location-independent.
Step 5: Arbitration in Stock Exchange
If conciliation does not resolve the matter, initiate formal arbitration through SMART ODR.
Arbitration awards carry full legal force. Courts enforce the arbitrator’s decision.
The Dealwisepro case above is proof that this process works.
Need Help?
Are you in loss because of false guaranteed promises by your Research Analyst, and now only hearing about loss recovery?
You may have even signed a user agreement saying you cannot complain against them. Do not worry.
We have already handled this exact case, and we are here to help you with:
- Reviewing your case and checking if your rights were violated.
- Building a strong evidence file from your messages, calls, and payments.
- Filing your complaint on SEBI SCORES and taking it through SMART ODR.
- Representing you through conciliation and arbitration, end-to-end.
Register now and let us help you fight back.
Conclusion
Dealwisepro 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 Dealwisepro 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 Dealwisepro did not match what you were promised before you paid, you now know exactly what to do.
Frequently Asked Questions
1. Can a SEBI-registered Research Analyst guarantee returns?
No. SEBI explicitly prohibits any Research Analyst from promising or implying guaranteed or risk-free returns, verbally or in writing.
2. Can Dealwisepro’s consent form stop me from filing a complaint?
No. SEBI regulations guarantee every investor the statutory right to file a grievance. No private contract can override that right.
3. What did the arbitrator award in the Dealwisepro case?
The Sole Arbitrator directed Dealwisepro to refund ₹59,000 to the investor within 15 days of the award dated July 1, 2025.
4. What is the maximum fee a Research Analyst can charge?
SEBI mandates a fee ceiling of ₹1,51,000 per annum per individual or HUF client who is not an accredited investor.
