If you’re looking into Guru Trade7, you may have encountered claims of big returns from a slick trading platform. But, before you dive in, it’s important to ask: Is Guru Trade7 safe to use?
While Guru Trade7 promises quick trading opportunities, some serious red flags are emerging in terms of user feedback, withdrawal difficulties, and a lack of clear regulation.
Let’s walk you through everything: what it claims, what users say, how to check its legitimacy, and safer alternatives.
Guru Trade7 App
- Guru Trade7 presents itself as a global trading platform (stocks, forex, commodities) with a low minimum deposit (₹100) and a demo account with virtual funds.
- From its app store description: over “20 million” users, trades available 24/7, minimum trade of ₹20, and no account maintenance fee.
- Their service agreement says they offer option trading (derivatives) and disclaim many liabilities.
So on the surface, it looks attractive – low entry cost, promise of global markets, appealing to beginners.
Is Guru Trade7 Safe in India?
There are some checks you can do before using any platform, like Guru Trade7:
- Is the company registered with your country’s regulator (in this case, SEBI)
- Does the app clearly show a Key Fact Statement on fees, minimums, and withdrawal rules?
- Are there independent reviews (not just marketing) showing people have successfully used it and withdrawn money?
- What are the terms of service? Are they burdened with disclaimers absolving the company of most responsibility?
- Are you aware of the risk: trading is not guaranteed to make a profit. If the app markets “easy riches,” that’s a warning.
In the case of Guru Trade7, let’s go into details one by one
IS Guru Trade7 SEBI Registered?
- According to one expert article, Guru Trade7 is not registered with the Securities and Exchange Board of India (SEBI), meaning it is not subject to formal regulation for Indian users.
- Another resource says, “Avoid Guru Trade7 Limited as a top-tier regulator does not regulate it.”
Guru Trade7 Complaints
- On Trustpilot: very few reviews (3) and a low average (2.8/5). Some users claim funds were not refunded.
- From a review site: “Many users report delayed withdrawals or account freezes.”
Is Guru Trade7 Real or Fake?
No doubt, such apps use engaging UI to attract maximum users on their platform, but at the same time running or planning to run fraudulent activities on the platform.
Hence, to check whether the platform is real or fake, it is important to check a few more signs before signing up.
- No proper regulator: If a platform isn’t registered under a recognised regulator, you’ll have fewer protections when things go wrong.
- Withdrawal issues: Multiple reports suggest users either couldn’t withdraw or faced long delays.
- Too good to be true promises: “Trade 24/7, global markets, minimum ₹20 trade” – these are flashy features, but don’t guarantee profit and may hide risk.
- Conflict of interest/liability disclaimers: Their service agreement states they may cancel trades, block accounts, and are not liable for losses.
- Pressure to deposit/educational gap: As a younger user, you should be aware that trading, especially derivatives/options, is hazardous. Platforms like this may target beginners with a low entry cost but high risk.
In short, there’s more suspicion than solid evidence of smooth operation – leaving the question “Is Guru Trade 7 safe?” largely unanswered.
How to Report Guru Trade7?
Since Guru Trade7 is not SEBI-registered, you cannot directly approach SEBI for help. However, there are still a few ways to file your complaint to get a recovery:
- File a Cyber Crime Complaint by drafting and documenting your case.
- File a Complaint in SEBI by sending an email.
- Lodge an FIR at the local police station.
Conclusion
Given all of this, Guru Trade7 is not safe enough for casual use, especially if you’re a beginner or using money you cannot afford to lose.
- If you are already using it: don’t deposit large amounts, try withdrawal early, document everything.
- If you are considering it, pick a platform that is fully regulated and transparent instead.
