Eqwires Research Analyst Calls Itself “Your Trusted Advisor.” Here’s What We Found.

Eqwires calls itself “your trusted SEBI-registered financial advisor,” right on its own website.

It also claims a 95% client retention ratio and describes itself as the “best SEBI registered portfolio manager” in the same breath.

Before you take any of that at face value, it’s worth checking what Eqwires Research Analyst actually is, what it’s registered to do, and what it charges.

Here’s the full picture, no marketing language, just the facts.

Eqwires Research Analyst Review

Eqwires Research Analyst is an Indian stock advisory firm based in Ahmedabad.

It’s registered with the Securities and Exchange Board of India, and it’s run as a proprietorship.

SEBI’s own records connect the firm to Priyank Dineshbhai Shah, who served as Compliance Officer, and partners Bansri Pankajbhai Thakkar and Pranay Dineshbhai Morakhiya.

A Research Analyst, often shortened to RA, is different from a broker.

A broker just carries out your trades.

An RA is meant to be the brain behind the decision, studying the market and giving you buy, sell, or hold calls based on real research, not managing your money directly.

Is Eqwires Research Analyst SEBI Registered?

Yes. Eqwires holds an active SEBI Research Analyst registration, number INH000007465.

The registration is listed under the name Eqwires Research Analyst, with the registered email [email protected], and telephone and fax number 917999999999.

The registered address is A 804, Dev Aurum Commercial, Near Shell Petrol Pump, Prahlad Nagar Road, Ahmedabad, Gujarat, 380015, listed as both the registered and correspondence address, with Pranay Morakhiya named directly as the contact person.

The registration’s validity is listed as November 11, 2019, Perpetual, meaning it carries no fixed expiry date, only conditions under which SEBI could suspend or cancel it, exactly the conditions this cluster’s own SEBI order pages document in detail.

How to Verify This Yourself in Two Minutes?

None of this needs to be taken on faith.

Go to SEBI’s official intermediary portal, select Research Analyst as the category, and search either the firm’s name or the registration number INH000007465 directly.

What comes back should match every detail above: the registered name, the current status, and the validity, all independently confirmed.

What This Registration Actually Requires?

But being registered is only the starting point; here’s what that registration actually requires the firm to do, and what it does and doesn’t cover.

Every Research Analyst must keep a security deposit with a bank, based on how many clients they have.

Up to 150 clients requires ₹1 lakh. 151 to 300 clients require ₹2 lakh. 301 to 1,000 clients require ₹5 lakh. 1,001 or more clients requires ₹10 lakh. This deposit exists so the analyst has real financial accountability, not just a certificate on a wall.

SEBI also sets clear rules on what an RA can charge you.

The maximum fee is ₹1,51,000 per year, per family, for individual or HUF clients. Every fee must be fair, disclosed upfront, and you must give your consent before anything is charged.

There are also strict trading restrictions built into this registration.

An analyst cannot trade in a stock they’ve just recommended, not in the 30 days before publishing a report, and not in the 5 days after. They also cannot take a position that goes against their own advice.

What This Registration Doesn’t Cover?

Registration also doesn’t cover everything you might assume it does.

It permits publishing research and recommendations.

It does not permit managing your trading account directly, guaranteeing any specific return, or offering personalised financial planning; those all fall under entirely separate SEBI registration categories.

Eqwires Research Analyst Telegram

When someone searches for Eqwires Research Analyst Telegram, the first thing they usually notice is the channel’s subscriber count.

A Telegram channel with more than 10,000 subscribers automatically creates social proof. It signals popularity. It suggests that many people are following the trade calls.

But subscriber count alone does not tell the full story. Let’s look at how the channel presents itself.

It can be understood that,

• The channel has more than 10,000 followers.
• It calls itself the “official and only Eqwires channel”.
• It highlights that it is a SEBI registered Research Analyst.
• It claims to have the “highest client retention and satisfaction ratio”.

At first glance, these statements create credibility.

But investors should pause and ask:

• Is subscriber count equal to verified performance?
• Is “highest satisfaction” independently audited?
• Does SEBI registration automatically apply to everything promoted on Telegram?

SEBI registration means the entity is registered as a Research Analyst. It does not automatically guarantee profitability, nor does it validate every marketing claim made on social media.

That distinction becomes important when we look at the actual trade calls being posted.

Let’s examine the type of stock tips shared on the channel.

Eqwires Telegram Stock Tips

Once inside the channel, the main content consists of regular trade updates.

These are not vague market opinions. They are specific trade calls,  with stock name, strike price, entry price, exit price, capital required, and profit booked.

Let’s look at one example.

In this trade example:

• The position was taken on 10 February
• The position was closed on 11 February
• It was an options trade (M&M 3600 CE)
• ₹52,300 capital was required
• ₹12,080 profit was shown

This is a BTST (Buy Today Sell Tomorrow) strategy, a short-term trade.

The post clearly highlights the profit figure. Now, here’s what investors should understand:

When profit is displayed prominently:

• Are losses also posted with equal visibility?
• Is overall performance audited?
• Are risk disclosures clearly mentioned?
• Is this educational research or actionable advisory?

Short-term options trading carries significant risk. While profits can be high, losses can also be rapid, especially in F&O trading.

The Telegram post focuses on the positive outcome. But responsible investing requires looking at the complete performance picture, not just selected trade results.

This naturally brings us to another important area:

If trades are being promoted regularly, what kind of subscription model supports them?

Let’s look at the pricing structure next.

Eqwires Research Analyst Trading Plans and Pricing

Behind the free Telegram posts sits a full paid subscription model.

Plans are named after planets, Mercury, Neptune, Pluto, Hydra, and range from ₹9,000 for a weekly plan up to ₹2,25,000 for the most expensive tier. Each plan carries a direct “Pay Now” button on the firm’s site.

When a firm is selling structured, high-priced plans like this, transparency matters even more.

Before paying, know exactly what plan you’re buying, get the pricing and terms in writing, and confirm which specific service, cash, futures, options, or commodity, each plan actually covers.

One detail worth checking directly before you commit to any plan, whether the fee structure across the plan you’re considering, combined with any other services you might take, stays within SEBI’s ₹1,51,000 annual cap per family.

It’s your responsibility to track this, not something the firm is required to warn you about in real time.

---

Also Read: Streetgains Research Services, the same kind of company profile for a different firm.

---

What Do Real Users Say About Eqwires?

Beyond registration and pricing, real subscribers have shared their own experiences, and the pattern is worth reading closely before you pay anything.

Multiple documented complaints describe large losses tied to missing stop-loss discipline, frequent changes in relationship managers, and pressure to keep holding losing positions.

The complete set of individually documented user accounts, direct quotes, and the specific patterns that repeat across separate, unconnected reviewers is covered in full on our page: Is Eqwires Research Analyst fake?

Has SEBI Taken Any Action Against Eqwires?

Yes, and the findings are serious.

SEBI issued a formal adjudication order in August 2025, finding the firm had misrepresented its licence category, illegally operated a client’s trading account, and used fabricated testimonials, conduct SEBI’s own order characterizes as fraudulent and unfair trade practices.

A separate order penalized the firm’s own Compliance Officer for running unregistered advisory schemes on the side.

Rather than repeat every finding here, the complete regulatory record, every violation, the exact penalties, and the full Compliance Officer case is covered in detail on our page on the SEBI order against Eqwires Research Analyst.

Thinking about subscribing, or already have a plan and something feels off?

Tell us what you’ve been told or shown, and we’ll help you check it against what a Research Analyst is actually allowed to do.

Register with us for a free consultation

What to Check Before You Subscribe to Eqwires?

A few concrete things worth confirming before any money changes hands.

Verify the registration number directly on SEBI’s own portal, don’t rely on what the firm’s own website or Telegram channel claims. Ask for a proper invoice for every payment, not just a UPI confirmation.

Confirm in writing exactly which segments, cash, futures, options, commodities, your specific plan actually covers.

Watch for any promise that sounds like a guarantee. A Research Analyst can share a view. It cannot promise a specific return, a fixed profit, or a “sure-shot” outcome, and any language like that is worth treating as a serious red flag, not reassurance.

Conclusion

Eqwires Research Analyst genuinely holds SEBI registration INH000007465, and its Telegram channel is a real, active presence with a large following and structured paid plans, priced from ₹9,000 to ₹2,25,000 across four tiers.

What matters just as much is what SEBI itself has found, and what real subscribers have reported after paying.

Both are covered in full on their own dedicated pages, and both are genuinely worth reading before you trust this firm with your money.

---

Report. Recover. Stay Fraud Free.

---

Frequently Asked Questions

1. Is Eqwires Research Analyst SEBI registered?

Yes, under registration number INH000007465, an active Research Analyst registration with SEBI, verifiable directly on SEBI's official intermediary portal.

2. How much does Eqwires charge for its trading plans?

Plans range from ₹9,000 for a weekly plan up to ₹2,25,000 for the most expensive tier, named after planets like Mercury, Neptune, Pluto, and Hydra.

3. How many subscribers does the Eqwires Research Analyst Telegram channel have?

The channel has more than 10,000 subscribers as of this review, and describes itself as the official and only Eqwires channel.

4. What is the maximum fee a Research Analyst like Eqwires can legally charge?

₹1,51,000 per year, per family, for individual or HUF clients, under SEBI's fee cap rules.

5. Has SEBI taken any action against Eqwires Research Analyst?

Yes, SEBI has issued formal orders against both the firm and a former staff member. The complete details are covered on our dedicated page examining the SEBI order against Eqwires Research Analyst.

6. Does being SEBI registered mean Eqwires is safe to trust?

Registration confirms the firm cleared SEBI's eligibility requirements. It doesn't confirm every claim it makes is true, which is exactly why checking both the regulatory record and real user reviews matters before subscribing.