Quick Summary
FirstLive Trading appears on Google Play as a study app, yet its linked course site sells trading indicators and live classes priced from ₹599 to ₹25,000. Research found no verified SEBI registration, no named educator and one unverified user allegation of profit promises. This guide covers who publishes the app, the prices, the reviews, the red flags worth weighing and the steps to take if you have already paid. We credit each claim to its source and flag anything unverified.
You search the Play Store, spot a candlestick logo, and install FirstLive Trading.
The listing talks about study modules and quizzes, yet someone in a group has just told you to buy a trading indicator.
That gap between the store page and the sales pitch is why many people search the name before paying.
We went through the app listing, its course site, and the user reviews, and set out what each one shows.
Read on to see who publishes the app, what it sells, what SEBI rules may apply, and how to protect your money.
FirstLive Trading Overview
FirstLive Trading sits on Google Play under the developer name Education Brown Media.
The listing shows 1K+ downloads, a 3.5-star rating from 13 reviews, and the Education category.
The description calls it an intuitive learning platform with study modules, interactive quizzes, and progress tracking.
It never mentions trading, markets, charts, or any instructor.
Who Publishes the FirstLive Trading App
The developer name on the listing does not tell the whole story. This part shows what the contact details point to.
The listed developer behind the account is Bunch Microtechnologies Private Limited in Noida.
The support email uses a classplus.co address, and the website link goes to a Classplus privacy page.
The privacy policy sits on a courses.store domain.
Classplus is an education software company in Noida.
Inc42 describes it as a platform that lets educators build their own branded apps, and its profile uses the Bunch Microtechnologies name.
Inc42 does not call that name the legal entity outright, so check official filings if you need certainty.
In plain terms, FirstLive Trading looks like it runs on a shared white-label account.
The public listing does not name the educator or trader who sells the courses.
The same developer name also carries other education apps in the sidebar, including StudyNiti, Blackhole Academy and PGprep Essential.
That fits a shared account, though it says nothing about how any single app behaves.
FirstLive Trading Courses and Price List
The real offer sits on the linked courses website, not on the Play Store page.
This section lists what that site shows and what each course costs.
The site shows five paid offerings. Two carry a discount against a higher original price.
|
Course |
Listed price | Discount shown |
Format shown |
|
5 Star Membership Profit Accelerator |
₹599 | None | Live class, files |
|
Master The Market Bootcamp |
₹999 | None | Live class, files |
|
Advanced Live Class |
₹25,000 | None |
Videos, files |
| RG 0.3 Indicator | ₹18,300 | 54% off ₹40,000 |
Videos, files |
| RG 0.2 Indicator | ₹9,300 | 53% off ₹20,000 |
Videos |
The prices and discounts come from a screenshot of the site, so they may have changed since.
The store page does not mention any of these courses, indicators, or live classes.
A reader who only looks at the Play Store would not know they exist.
Before you pay for any course like this, learn how to tell whether you have bought a genuine stock market course or just a recorded set of videos.
Is FirstLive Trading SEBI Registered?
This is the question most people type into Google first. This section sets out what the research found and what the rules say.
The research found no evidence of a verified SEBI registration for FirstLive Trading.
That finding rests on the information available to us, and we could not confirm it against SEBI’s own register.
Pure financial education does not, by itself, need SEBI registration.
The position changes if an operator gives securities research or buy and sell recommendations for a fee.
SEBI Research Analyst rules may then apply. If an operator gives investment advice for a fee, Investment Adviser rules may apply, subject to exemptions.
The app description and the reviews do not show whether either activity happens here.
Anyone who wants to check should search the SEBI intermediary list for the operator’s name.
Our guide to unregistered advisory firms in India shows how SEBI has handled firms that gave advice without registration, which helps you judge what to look for.
SEBI Rules on Live Market Data in Trading Education
The word “Live” in the name has drawn attention, so it helps to know what SEBI has said.
This part sticks to what news reports confirm.
Business Standard reported that SEBI’s circular of January 2025 limited stock market educators from using live prices, giving advice, or making performance claims without approval.
In December 2025, SEBI’s chairman said the regulator would amend its rules to allow only past data in investor education.
He also acknowledged inconsistencies between two circulars.
The rules may change, so check SEBI’s latest text before relying on this summary.
A name alone does not show a breach.
The research does not show whether the app displays live prices.
What FirstLive Trading Reviews on Google Play Say
Reviews give a thin but useful signal here.
This section reads the two reviews in the research and tells you how much weight they carry.
User reviews are mixed, and the app has only 13 ratings, so two reviews cannot represent every user.
1. A Five-Star Review Calling It Good for Live Trading
A reviewer with a profile photo of the firm’s logo posted five stars in December 2025 with the words “good app for live trading”. Three people found it helpful.
The review is short. It does not say what the reviewer bought or used.
2. A One-Star Review Alleging Losses After Buying Indicators
A one-star review from July 2026 calls the app a fraud.
The reviewer wrote in Hinglish that buyers hear that indicators will bring profit, but lose money after buying them, and advised others not to download the app.
The reviewer also named an individual in the accusation.
We leave that name out because it is an unverified allegation against a person.
These are the reviewer’s claims. Nobody has independently verified them, and the screenshot shows no reply from the publisher.
What Are FirstLive Trading Red Flags?
None of these points proves wrongdoing on its own.
They are the things worth weighing before you pay, laid out one by one so you can judge for yourself.
1. Hidden Operator and a Vague App Description
The listing runs through a shared white-label account with Classplus support contacts, so the public record names no accountable educator.
The description also never mentions trading, yet the course site sells indicators and live classes.
That mismatch raises questions about how clearly the service is explained.
The same gap appears when you try to tell whether you are buying a stock market course or tips, because the store page does not say which one you get.
2. Broad App Permissions
The Play Store permission list is long for a quiz and modules app.
It includes contacts, phone status and identity, photos, media and files, storage, camera, microphone, Wi-Fi connection information, and device ID.
The list also shows full network access, pairing with Bluetooth devices, running at startup, and drawing over other apps.
Play lists permissions an app may request, and not every permission gets used.
Many apps ask for broad access, so treat this as one point among several.
3. A Low Trust Score for the Linked Website
Scam Detector gave the courses.store domain a trust score of 10.6 out of 100, which its page labels as untrustworthy.
That domain hosts the app’s privacy policy.
A score from one checker does not establish fraud or a SEBI violation. It is a reason to look closer.
4. Possible SEBI Concerns Around Profit Promises
Three points matter here. Each one is a question the research could not settle.
- The app presents itself as a learning platform, while the review describes paid indicators sold with profit claims. The review alone does not prove the services go beyond education.
- Profit assurances. One user alleges indicators came with promises of profit. SEBI cautions investors against unregistered entities that give tips or make unrealistic return claims, so anyone hearing guaranteed profit should treat it carefully.
- Registration status. The research could not confirm whether the operator holds Research Analyst or Investment Adviser registration, or whether it needs one.
Did you pay for an indicator or a live class after hearing it would bring steady profit?
A complaint with clear records works best when it goes in early, so file it on the cybercrime portal as soon as you can. If you want help sorting your payments and chats, Register with us.
What To Do If You Paid FirstLive Trading for a Course or Indicator?
Money moves fast, and records fade.
This section gives you an order to follow if you paid and now feel misled.
If someone promised steady profit, you can also report an assured return stock advisor and follow a clear complaint route.
- Stop paying. Do not buy another course, indicator, or membership while you sort this out.
- Save every record. Keep payment receipts, UPI or card statements, the course page, chats, and any promise of profit.
- Screenshot the listings. Capture the Play Store page and the course page with today’s date.
- Write to the publisher. Ask for a refund in writing and keep the reply.
- Call your bank or card issuer. Ask what dispute options your payment method offers.
- Report it. Call the cyber fraud helpline if you believe you lost money through deception, then file on the cyber crime portal.
If the operator may be unregistered, you can still raise a complaint in SEBI by email, which works even when SCORES does not cover the firm.
Conclusion
FirstLive Trading shows up as a study app, but the linked course site sells trading indicators and live classes from ₹599 to ₹25,000.
The listing does not name the educator, and the research found no verified SEBI registration.
The reviews are mixed and few. One allegation of profit promises remains unverified, so we make no finding about the operator.
The safest habit is simple.
Check who runs a course, ask for it in writing, and never pay for a profit promise.
If you already paid and feel misled, keep your records and report early.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Research could not confirm that. The Play Store page looks like a study app, while the linked site sells trading indicators, and no verified SEBI registration turned up. Check before you pay.
The research found no verified SEBI registration. Pure education does not need one, but selling research or advice for a fee can.
The Play Store shows Education Brown Media as the developer name. The listed developer behind the account is Bunch Microtechnologies Private Limited in Noida, and the listing does not name an educator.
The course site lists prices from ₹599 to ₹25,000. The RG 0.2 Indicator shows ₹9,300 and the RG 0.3 Indicator ₹18,300, both from a screenshot that may be out of date.
Stop paying, save your receipts and chats, and write to the publisher for a refund. Then report on the cyber crime portal if you believe you were misled.
Add us as a preferred source on Google »
