You came across Dealwisepro, maybe through an ad, a referral, or a cold call, and now you want to know whether this firm is actually worth trusting before you hand over your money.
That is a smart instinct, and this blog will give you a clear, factual picture.
We will cover what Dealwisepro offers, whether it is SEBI registered, what raises questions, what the official complaint data shows, and exactly how you can report if something has gone wrong.
Dealwisepro Review
Dealwisepro Research Analyst is a Maharashtra-based research firm operated by Pranali Prasad Choughule as its proprietor.
The firm focuses on providing stock market research alerts, primarily in the options segment, specifically Nifty and BankNifty intraday calls.
What Does Dealwisepro Offer?
Dealwisepro offers subscription packages with daily BankNifty or Nifty intraday alerts, weekly expiry special alerts, and live market support.
The firm delivers its alerts through WhatsApp broadcast messages and clearly states a risk level of “High to Very High” on its subscription pages.
The firm does not offer trade execution services, portfolio management, or personalised investment advice.
All research alerts are reference tools only. Execution of any trade remains entirely the client’s responsibility.
Now that you know what they do, let us first answer the question most investors ask.
Is Dealwisepro SEBI Registered?
Yes, Dealwisepro is SEBI registered.
Pranali Prasad Choughule, the proprietor of Dealwisepro Research Analyst, holds a SEBI Research Analyst registration with registration number INH000013846.
The registration was granted on December 1, 2023.
The firm’s disclosure page confirms that no penalties or directions have been issued by SEBI against it as of the date of its disclosures.
The firm also holds an active GST registration under GSTIN 27AWFPC3469G1ZK in Maharashtra.
So, from a registration standpoint, Dealwisepro checks the basic regulatory box.
But registration is not the end of due diligence; it is the beginning. Here is what a deeper look reveals.
Is Dealwisepro Legit?
To answer this fairly, let’s go through a few key checkboxes because legitimacy isn’t just about having a registration number. It’s about how the firm actually operates on the ground.
1. Does the firm provide risk disclosures?
The firm holds a valid SEBI registration (INH000013846), and its website correctly states that no returns are guaranteed.
However, if you receive a call from someone claiming to represent Dealwisepro but sharing no verifiable documentation, treat that as a red flag.
The company itself has publicly flagged multiple impersonators operating in its name, so caution is essential from the very first contact.
2. Is the pricing under SEBI’s fee cap?
Dealwisepro charges ₹75,000/month or ₹1,50,000/quarter for the Silver package. The Platinum package costs ₹1,77,000/month.
Both deliver WhatsApp broadcast messages from a one-person firm with no published track record.
With monthly fees ranging from ₹75,000 to ₹1,77,000, Dealwisepro flatly violates SEBI’s strict annual fee cap of ₹1,51,000 for retail clients.
3. Does the consent document waive your right to complain?
Users are required to pre-declare that they profited on demo calls and made their payment decision independently, and then agree that they “cannot and will not file any legal complaint or legal notice against the Dealwisepro Firm.”
This is an aggressive liability shield dressed up as user consent.
It is also worth noting that offering demo calls to attract subscribers violates SEBI’s strict prohibitions against free trials and unauthorised advisory services, making this clause doubly concerning.
4. Is the medium of communication and payment informal?
The firm states all payments must go only to its official current account, never to any personal or individual bank account.
It has publicly disowned several phone numbers used by unauthorised agents.
That said, all research alerts are delivered exclusively via WhatsApp broadcast. This means there is no structured audit trail of recommendations.
Unless you manually save every message, there is no record to fall back on.
Dealwisepro Complaints
Dealwisepro’s own investor charter data, sourced directly from the firm’s official complaint disclosure, shows a significant spike in complaints in the 2024–2025 financial year.
- In FY 2023–2024, the firm received zero complaints; this is consistent with the registration having been granted only in December 2023.
- In FY 2024–2025, 31 complaints were received, of which 18 were resolved during the year.
- In FY 2025–2026, 24 complaints were received, with 37 resolved during the year, indicating some complaints carried forward from the previous year were addressed.
The total stands at 55 complaints received, which is an extremely high number for a firm, with zero pending as of the last reporting date.
That said, we have identified a few public user complaints against Dealwisepro related to misleading promises.
Users have reported that the service experience after payment did not align with what was communicated during the sales process.
Again, these are user accounts, not regulatory actions.
All these are unverified claims and do not constitute any legal findings; we are still in the process of verifying them independently.
Did you face anything similar after subscribing to Dealwisepro? If something felt off, whether before or after payment, you have every right to formally report it.
Here is exactly how to do that.
How to Lodge a Complaint Against a Research Analyst?
If your experience with Dealwisepro did not match what was promised, here is exactly how to escalate it through official channels.
Step 1: Document Everything First
Collect all communication, WhatsApp messages, call recordings, payment receipts, bank transaction screenshots, and any performance promises made before your subscription.
Write down dates, amounts paid, and a clear timeline of events that followed after you subscribed.
This documentation forms the foundation of your complaint and directly impacts how seriously it gets treated by regulators.
Step 2: Approach Dealwisepro Directly
Send a written complaint to their official compliance email clearly stating your grievance.
SEBI mandates that registered Research Analysts resolve investor complaints within 30 days of receipt. If they fail to do so, you have clear grounds to escalate.
Save every communication from this stage, including any acknowledgement, ticket number, or reply.
Step 3: File a Complaint with SCORES
SEBI SCORES is the official online portal for investor grievances against SEBI-registered intermediaries.
Register on the SCORES portal using your PAN and date of birth, log in, and select Research Analyst as the entity category.
Search for Dealwisepro Research Analyst, describe your grievance in detail, and upload all supporting documents.
Step 4: Register a Complaint in SMART ODR
If SCORES does not deliver a satisfactory outcome, escalate to SEBI’s SMART ODR platform, SEBI’s Online Dispute Resolution portal for structured conciliation in securities market disputes.
The platform is free, operates entirely online, and Dealwisepro itself has listed the SMART ODR link on its official website, meaning this pathway is formally acknowledged by the firm.
Step 5: Share Market Arbitration
If conciliation through SMART ODR does not resolve your matter, initiate formal arbitration through the same platform.
SMART ODR arbitration carries full legal force; courts enforce the arbitrator’s award. You do not need to be in the same city as the firm to pursue it.
Need Help?
Did you pay for a Dealwisepro subscription based on what was communicated before purchase, and now feel the service did not match those expectations, but have no idea how to put that as a complaint?
We are here to help.
- Free case assessment: We review your situation and identify where the breach of expectation or regulation occurred
- Evidence building: We help you organise and strengthen your documentation before you file
- SCORES complaint filing: We guide you step by step through the entire SEBI SCORES process
- SMART ODR and arbitration support: We assist with conciliation filings & binding resolution if SCORES falls short
- End-to-end follow-up: We track your complaint and help you respond to SEBI queries at every stage
Reach out to us today. You do not have to figure this out alone.
Conclusion
Dealwisepro is a SEBI-registered Research Analyst firm operated by Pranali Prasad Choughule, with registration number INH000013846.
The firm maintains required disclosures, does not claim guaranteed returns on its website, and carries zero pending complaints as of the latest reporting period.
At the same time, investors have formally filed 55 complaints against the firm since its registration. February 2025 alone recorded 13 complaints, the sharpest single-month spike on record.
Whether you are evaluating Dealwisepro before subscribing or have already paid and feel something was misrepresented, you now know what to check and how to act.
Use the reporting steps above, and reach out to us if you need support at any stage of the process.
Frequently Asked Questions
1. Can demo call profits be a reason to subscribe to Dealwisepro?
No, demo calls are a sales tactic not permitted by SEBI, and curated pre-sale profits are no indicator of real service performance.
2. I signed a consent saying I cannot complain. Can I still report my losses?
Yes, such clauses are not enforceable under SEBI regulations, and you can still file a grievance on SEBI SCORES or escalate to SMART ODR.
3. What should I do if the Dealwisepro service did not match what was promised before I paid?
Document all pre-sale communication, raise a written complaint with the firm first, and then escalate to SEBI SCORES if unresolved, followed by SMART ODR conciliation and arbitration if needed.
4. Is it safe to pay Dealwisepro through WhatsApp or any agent?
No, Dealwisepro itself states on its website that all payments must go only through its official current account, and it has publicly disowned multiple phone numbers used by unauthorised agents.
