Is Badshah Broking SEBI registered? That’s the critical question every potential investor should ask before trusting a brokerage firm with their money.
When it comes to investing in the stock market, credibility matters — because the broker doesn’t just place trades, they handle your hard-earned funds.
The Securities and Exchange Board of India (SEBI) mandates that all brokers be officially registered to operate legally.
But many platforms in India claim to be “brokers” when they’re not authorized.
Badshah Broking is one such name that has raised red flags, appearing in trading forums and on alerts from exchanges.
Let’s dig into whether it holds a valid SEBI registration or whether it could be operating in the shadows.
Is Badshah Broking Real or Fake?
The straight answer is No. Badshah Broking is not registered with SEBI.
This means it is not a recognized stockbroker in India. Without SEBI registration, a platform cannot legally offer stock trading, advisory, or investment services.
But why does SEBI registration even matter? Let’s break it down:
- Investor Safety: SEBI-registered brokers must follow strict rules to protect investors’ money.
- Accountability: If something goes wrong, you can take legal action against a SEBI-registered broker.
- Transparency: Registered brokers must publish their fees, compliance reports, and grievance redressal systems.
When a platform is not SEBI registered, it can operate in the shadows—meaning your money has zero protection.
NSE Fraud Alert on Badshah Broking
The National Stock Exchange of India (NSE) itself issued a fraud alert against Badshah Broking. This is extremely rare because NSE doesn’t release such alerts unless the threat to investors is serious.
According to NSE’s notice:
- Badshah Broking is not authorized to deal in the stock market.
- Three people were directly named in the alert:
- Salim Ansari
- Rahul Soni
- Rajesh Chaturvedi
These individuals were reportedly operating under the brand “Badshah Broking” without SEBI approval, misleading investors into believing they were legitimate brokers.
This is a huge red flag—when the country’s biggest exchange openly warns traders, it means the platform is a clear scam risk.
Badshah Broking Scam
Trading through an unregistered broker like Badshah Broking can put you in serious trouble. Here’s why:
- No Legal Protection: Since they are not SEBI registered, you cannot file complaints with SEBI’s grievance platform. Your money is simply at risk with no authority to safeguard it.
- High Chance of Fraud: Fake brokers often lure traders with unrealistic returns, bonuses, or “guaranteed profits.” Once you deposit money, recovering it becomes almost impossible.
- No Transparency: Registered brokers must follow strict rules for fund handling, reporting, and audits. Unregistered ones don’t follow these rules, which means your money can be misused anytime.
- Hard to Track: If an unregistered broker shuts down its website or app overnight, there’s no way to trace your funds. Many users of Badshah Broking have faced this exact problem.
- Risk of Identity Theft: Such platforms often ask for KYC documents. In the wrong hands, these details can be misused for illegal activities.
- Dabba Trading Risk: Badshah Broking appears to engage in dabba trading, where trades are not executed on the stock exchange but settled internally. This allows the platform to show fake profits, manipulate your account, and put your deposited money at high risk
In short, unregistered brokers give you the illusion of easy profits but leave you exposed to fraud, financial loss, and even data misuse.
How to Report Badshah Broking Scam?
If you or someone you know has already fallen victim to Badshah Broking, don’t stay silent. Taking action can help you and also prevent others from being cheated. Here’s how you can report it:
- File a Complaint in SEBI
- File a complaint under the “Unregistered Entity” category.
- Attach screenshots, payment proofs, and chat/email records.
- Report to NSE Investor Grievance
- NSE has already issued a fraud alert, so they are aware of Badshah Broking.
- You can submit details on NSE’s “Investor Services” page.
- File a Cybercrime Complaint
- Visit the National Cyber Crime Reporting Portal: https://cybercrime.gov.in
- Select “Financial Fraud” and provide evidence of money transfers.
- Approach Your Bank/UPI App
- If you transferred money via bank or UPI, immediately raise a fraud dispute with your bank or app (Google Pay, PhonePe, Paytm, etc.).
- Sometimes banks can freeze fraudulent accounts if reported quickly.
Need Help?
If you have been scammed in such scams, then register with us now. We will guide you through the process of raising the concern and help you with the recovery process.
Take a quick action now and protect your mental peace.
Conclusion
Badshah Broking is not SEBI registered and has already been flagged by NSE for fraudulent activities. On top of that, real users have come forward with complaints about losing money and being misled by false promises.
The risks of using an unregistered broker are too high—no legal protection, no transparency, and no way to recover your funds once things go wrong.
If you are serious about trading, always double-check a broker’s SEBI registration before investing even a single rupee. It’s better to stay safe with regulated brokers than to risk everything with flashy but fraudulent platforms like Badshah Broking.
Your money deserves protection. Don’t give it to someone who doesn’t play by the rules.
