Planning to join Delhi Wale Guruji’s trading course? Think the 3:30 Formula is your shortcut to financial freedom? Hold on. Before you spend even ₹1, read this in-depth investigation to see what’s really going on
DWG Course Review
According to course reseller websites, DWG offers multiple trading education programs. The original price?
₹2,50,000.
However, resellers sell it for just ₹3,199.
Course Claims Include:
- Forex + Indian market strategies
- 3:30 Formula training
- TTT Formula education
- Trap Formula techniques
- Candlestick pattern analysis
- Robot trading systems
Sounds comprehensive, right?
But the 98% price drop raises serious questions.
Why would genuine education collapse from ₹2.5 lakh to ₹3,199?
Further, before enrolling in the course, it is important to check the face behind this service
The course is associated with Manish Bhardwaj, who operates under the name Delhi Wale Guruji. He claims over 16 years of trading experience and focuses on technical analysis.
However, one key disclosure appears consistently across his platforms:
“I am not SEBI registered.”
This is a critical point for Indian investors. Providing investment advice or trading recommendations without SEBI registration is not permitted under Indian regulations.
Consumers should be aware that engaging with unregistered educators significantly increases legal and financial risk.
DWG Course Fees
Based on Telegram messages and website listings, here’s the actual pricing breakdown:
At first glance, the DWG course fee is said to be ₹2.5 lakh (plus GST). But here’s where things get confusing, and where you should slow down.
The same course is also being sold by resellers for as low as ₹3,199.
That’s not a small discount.
That’s a massive price gap. And it naturally raises one big question: how can genuine trading education lose almost all its value overnight?
Another thing to know upfront: the fees are non-refundable. Completely.
Once you pay, whether it’s the registration amount, course fee, meetup fee, or robot subscription, there’s reportedly no option to get your money back.
Even if the course doesn’t meet expectations, or circumstances change.
Also, the ₹2.5 lakh isn’t really the full picture.
Many students find out later that there are additional costs, robot subscriptions, testing fees, broker-related requirements, and, in some cases, international travel expenses.
By the time everything is added up, the total spend can be much higher than what was initially discussed.
And here’s an important point most people miss: the course provider is not SEBI registered. That means if something goes wrong, your options for formal complaint or dispute resolution are limited.
So before paying a large amount upfront, it’s worth asking:
- Why such extreme price variation?
- What exactly are you paying for at each stage?
- And what protections do you actually have if this doesn’t work out?
These aren’t negative questions; they’re basic due diligence, especially when your hard-earned money is involved.
Along with this, have a look at the messages below:
- Formula training (seekho)
- Plus ₹1,000 robot fee (if robot fails, ₹1,000 refund)
- “Pass hua to fees cover” (If passed, fees covered)
- मतलब free में course हो जाएगा
- Polling between Option A or Option B
This part of the offer is worth paying close attention to, because it’s where many users say they felt convinced to go ahead and pay.
You’re told you’ll get formula training (seekho), along with a ₹1,000 robot fee, and if the robot fails, that ₹1,000 will be refunded.
On paper, this sounds low-risk.
Then comes the more attractive promise:
“Pass hua to fees cover”, meaning if you pass or meet certain conditions, your course fee will be covered.
In simple terms, it’s presented as a free course if things work out.
This framing does two things:
- It reduces fear of loss, making a high-value decision feel safe
- It creates a sense that there’s nothing to lose, even when a large fee is involved
Finally, users are asked to vote or choose between different payment or buying options, often in Telegram polls.
This might look harmless, but polling creates social pressure, seeing others participate can push people to commit without fully understanding the terms.
What’s important for you is to know that:
- The conditions for “passing” or fee coverage are not clearly defined
- The main course fees are still described as non-refundable
- Once payment is made, decisions are hard to reverse
In short, the offer is structured to feel risk-free, even though the financial risk ultimately sits with the student.
That’s why it’s essential to ask for everything in writing and fully understand the conditions before paying.
DWG Classes
This is another detail many people only realize after they’ve shown interest or already paid.
Based on publicly available material and shared documentation, Manish Bhardwaj conducts his main offline classes in Dubai, not India.
That alone raises an obvious question for Indian traders: why Dubai?
There could be several possible reasons, such as:
- Avoiding direct Indian regulatory oversight
- Discussing offshore forex trading, which is not permitted for Indian residents
- Operating outside the jurisdiction of SEBI
- Creating a sense of international credibility or exclusivity
None of this automatically proves wrongdoing, but for anyone planning to enrol, it’s something that deserves careful thought.
In addition, the course follows a two-level structure.
Basic topics, such as candlestick patterns, are introduced online.
However, the main “formula” training, which most people are actually paying for, requires physical attendance in Dubai.
Delhi Wale Guruji Course Complaints
Now, the course that seems to be the shortcut to becoming rich turns out to be completely different after paying fees.
Here are a few complaints registered by users:
Complaint 1: Non-Profitable Results
Multiple Indian students report negative experiences despite paying full fees. The “16 years of research” doesn’t translate into profitable trading.
Complaint 2: Accounts Hit Zero
WhatsApp conversations (shared by Manish Bhardwaj himself) show students reporting complete losses. When questioned, they get blocked.
Problem 3: Discouragement of Independent Trading
Telegram message: “Khud se trade mat karo. Risk hi lena hai to robot trading par lo.”
Why This Matters: The course doesn’t teach independence. It creates dependency on paid robots.
Problem 4: Hidden Additional Costs
Students pay ₹2.4 lakh for the course. Then discover:
- Robot requires a separate subscription
- Testing fees needed
- Advance payments demanded
- Broker commissions expected
Total investment exceeds ₹5 lakh easily.
Delhi Wale Guruji NSE Notification
The National Stock Exchange issued an official warning dated August 1, 2024, against Manish Bhardwaj and associated entities, including “DWG ALGO” and “MCX Live Research.”
Key Violations:
- Not SEBI Registered
Operating without being registered as an NSE member or an authorised person. - Illegal Course Content
Teaching strategies that promise guaranteed returns (prohibited by law). - Unauthorized Advisory
Providing stock/forex tips without proper licensing.
NSE’s Message: Investors dealing with such entities do so entirely at their own risk.
How to File a Complaint Against Delhi Wale Guruji?
Paid ₹2.4 lakh? Sent cryptocurrency? Travelled to Dubai? Bought the robot? Facing losses?
You’re not alone. Many Indian traders face similar situations.
Register with us to file your complaint.
We assist victims through:
- Proper case documentation
- Complaint to SEBI
- Consumer forum representation
- Legal consultation connections
- Recovery procedure guidance
Take action today. The longer you wait, the harder recovery becomes. Don’t let embarrassment stop justice.
Conclusion
Delhi Wale Guruji’s course charges ₹2,40,000 for content available free online. Manish Bhardwaj operates without SEBI registration (admitted publicly).
The National Stock Exchange issued an official warning dated August 1, 2024.
He conducts classes in Dubai, avoiding Indian regulations. Accepts cryptocurrency payments, making transactions untraceable.
The previous pool trading scheme collapsed, with investors losing everything.
The course teaches basic candlestick patterns and promotes robots that don’t deliver results. Students report losses, not profits.
His “formulas” (3:30, TTT, Trap) lack transparency and verified success rates.
Remember: Quality trading education doesn’t cost ₹2.4 lakh. Legitimate educators operate transparently within India. They don’t flee to Dubai. They don’t demand cryptocurrency. They don’t promise guaranteed returns.
Your hard-earned money deserves legal protection.
