Ever seen those flashy forex videos promising quick money?
The ones with luxury cars. Screenshots of massive profits. Claims like “15 days work = 1 year salary.”
That’s exactly what Forex Dham does. Thousands of Indians watch these videos daily. Many sign up for recommended brokers. Some invest their savings.
But here’s what they don’t know. What happens behind those attractive thumbnails?
What is the real story?
This isn’t just another forex channel review. This is about your money. Your legal safety. Your financial future.
Let’s dig into the reality behind Forex Dham.
Forex Dham YouTube Channel Review
Forex Dham and “Trade with Sanchit” are connected. Both channels promote similar content.
Both make similar promises.
The person behind these channels is Sanchit Chopra. He’s a CA-Inter qualified trader. BCom graduate. Runs multiple platforms under different names.
Trade with Sanchit focuses on the Indian stock markets. It teaches F&O trading. Promotes algo trading robots. Sells premium courses.
Forex Dham pushes international forex trading. Promotes offshore brokers. Targets people wanting “global market” exposure.
The Business Model
Trade with Sanchit earns through course sales. TWS ka Robot subscriptions. Educational content monetization.
Forex Dham earns through affiliate commissions. Every Exness sign-up pays. Every deposit generates income.
If Forex Dham faces regulatory action?
Trade with Sanchit stays clean. Clever risk management.
Should You Subscribe for Forex Dham YouTube Channel?
Let’s talk straight. Several warning signs should make you think twice.
1. Easy Money Claims/ Inducements
Look at the video thumbnails.
15 days of hard work equals 1 year’s salary.
Sounds incredible, right?
That’s because it is incredibly misleading.
According to the screenshot evidence, Forex Dham videos feature such claims repeatedly.
Not once. Not twice. Consistently across content.
These are classic inducement tactics. They trigger emotional responses. Create urgency. Make you think you’re missing out.
The psychology behind it
Your brain sees that claim. Imagine earning a year’s salary in 15 days. Suddenly, your current job feels boring. Your savings feel insufficient.
The truth?
Forex trading requires years of skill development. Not secret shortcuts. Not magic formulas.
But you won’t hear that in these videos. No mention of the 70% who fail. No discussion of years needed to become profitable.
2. Constant Promotion of Exness (A Banned Platform)
This is the biggest red flag. The one that exposes everything.
Scroll through Forex Dham videos. Count how many mention Exness.
Every few videos feature Exness. Sometimes every other video. Account opening tutorials. Deposit and withdrawal guides. “Best broker” recommendations. Platform reviews.
It’s everywhere. Relentless promotion.
Here’s the massive problem:
Exness is on the RBI Alert List of unauthorized trading platforms. It’s not authorized to operate in India.
Not registered with SEBI. Not approved by RBI.
As of July 2025, Exness officially stopped accepting new Indian registrations. The broker announced it due to regulatory changes.
3. Multiple Channels, Same Content
Sanchit runs Trade with Sanchit for stocks. Forex Dham for forex. Both monetize through different methods.
Trade with Sanchit sells courses. Promotes algo trading robots. Targets the SEBI-regulated market.
Forex Dham pushes offshore brokers. Promotes unregulated trading. Targets people wanting “international” exposure.
The question: If both are educational, why the separation?
The answer seems clear. One operates in legal territory. The other doesn’t. Keeping them separate reduces risk. If Forex Dham faces trouble, Trade with Sanchit remains clean.
4. No SEBI Registration
Here’s a crucial fact many viewers don’t know.
Anyone providing stock or forex trading advice in India needs SEBI registration. It’s not optional. It’s a mandatory law.
Whether you’re an Investment Advisor or Research Analyst, you need proper registration. Display your registration number. Follow SEBI guidelines.
According to SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014, providing trading recommendations without registration attracts serious penalties.
This is a serious legal issue. The channel provides F&O trading advice. Share specific strategies. Gives buy/sell indicators.
Warning Signs Every Forex Trader Should Know
Thinking of following forex channels?
Watch for these red flags:
- Unrealistic Profit Claims
“Double your money in weeks.”
“Guaranteed returns.”
“Secret strategy revealed.”
These are marketing tactics. Not realistic expectations.
- Offshore Broker Promotions
Any channel heavily promoting Exness, OctaFX, XM, or similar platforms is problematic. These brokers aren’t legal in India.
Legitimate educators focus on SEBI-registered platforms.
- Minimal Risk Discussion
Good educators emphasize risks before opportunities. If a channel only shows winning trades, be skeptical.
Real trading involves losses. Lots of them.
- Multiple Channels for Different Markets
Separating legal and illegal content across platforms. It’s a way to reduce risk while maximizing income.
How to Report Forex Trading Complaints?
Encountered problematic forex content? Take action.
Here are the steps to report trading scams:
1. File a Cyber Crime complaint
- Category: Financial Fraud
- Include screenshots and links
- Provide channel details
- Attach promotional material
According to regulatory guidelines, reporting helps authorities track illegal operations. Your complaint matters.
Need Help?
Already followed Forex Dham’s advice? Facing issues with offshore brokers?
Dealing with withdrawal problems or account restrictions?
We Can Help You:
- Guide you through filing SEBI complaints against unregistered advisors
- Help you document evidence for consumer court proceedings
- Connect you with legal experts specializing in financial product mis-selling
- Assist in recovering your losses through proper legal channels
- Provide support in navigating regulatory complaint processes
- Connect you with others who’ve faced similar situations
Don’t let promotional content ruin your financial future. Get proper assistance with Forex Trading scam recovery.
Conclusion
Forex Dham promotes risky and illegal trading practices. The channel makes forex trading look easy. It’s not.
It promotes banned brokers like Exness. That’s illegal. It makes unrealistic income claims.
That’s misleading.
The connection with Trade with Sanchit shows a pattern. Legal content on one channel. Questionable content on another.
Lack of SEBI registration raises serious questions. If providing trading advice, where’s the regulatory approval? The affiliate model explains everything.
More sign-ups mean more commissions. Your legal risk is their profit.
Learn from SEBI-registered advisors. Trade through authorized brokers. Follow Indian regulations.
Your financial security isn’t worth YouTube commissions.
