Many retail traders who have heard about Stock Market Research and Services eventually ask the same question: Is Stock Market Research and Services SEBI registered?
And honestly, that is the right question to ask before paying any subscription fee.
Today, stock market advisory services are everywhere. Telegram channels and WhatsApp groups are full of profit claims. But which advisory should you trust?
That’s the question you need to ask before enrolling in the services of any stock advisory.
In this blog, we will look at Stock Market Research and Services SEBI registration status, and the important things traders should check before subscribing to any research advisory.
Is Stock Market Research and Services SEBI Registered or Not?
Stock Market Research and Services is a stock market advisory entity operated by Vikash Sharma, based in Guna, Madhya Pradesh.
The firm provides research analyst and trading-related services primarily for retail traders interested in intraday trading and derivatives trading.
The platform mainly focuses on:
- Intraday trading calls.
- Nifty and Bank Nifty recommendations.
- Options trading strategies.
- Entry and exit signals.
- Short-term market analysis.
Like many advisory firms in India, the platform appears targeted toward traders looking for ready-made market opportunities rather than conducting independent research.
The firm’s publicly available details are as follows:
| Field | Details |
|---|---|
| Entity Name | Stock Market Research & Services |
| Proprietor | Vikash Sharma |
| Address | H.No. B-1, New Royal Residency, Shukla Colony, Guna, Madhya Pradesh – 473001 |
| SEBI Registration Number | INH000016153 |
| Registration Category | Research Analyst |
Now to answer the key question: Is Stock Market Research and Services SEBI registered?
Yes, Stock Market Research and Services is SEBI registered as a Research Analyst under registration number INH000016153, held in the name of Vikash Sharma, Proprietor.
Many traders at this point also wonder: what can a SEBI registered research analyst do, and what are they actually allowed to offer?
A registered research analyst can legally provide market research reports, stock recommendations, and trading strategies.
However, they cannot guarantee returns, manage your funds directly, or promise fixed profits. Understanding this boundary helps traders set the right expectations before subscribing to any advisory service.
Registration simply means the entity operates within SEBI’s regulatory framework and is expected to follow compliance rules applicable to research analysts.
A SEBI-registered entity can still attract user complaints related to delayed trade alerts, poor communication quality, aggressive sales practices, or general service dissatisfaction.
That is why traders should never rely solely on a “SEBI-registered” label before subscribing to any advisory service. Registration is a starting point for verification, not a seal of quality or a promise of returns.
Stock Market Research and Services User Reviews
There are multiple online complaints and negative reviews related to Stock Market Research and Services.
1. Trade Alerts Reaching Late
Some users alleged that trading alerts were not received on time.
In intraday and options trading, timing plays a major role. Even a small delay can force traders to enter at unfavorable prices, turning a potentially profitable setup into a losing trade.
A few reviewers claimed that by the time they received the message, the move had already happened, leaving very little room for safe entry.
2. Strategies Requiring Bigger Investment
Another concern raised by traders was the higher capital needed for certain recommendations. According to one complaint, some Nifty-based sell trades reportedly required capital close to ₹3 lakh or more.
For retail participants with limited funds, such strategies can become difficult to manage.
Online reviewers advised smaller traders to properly understand the risk and capital requirements before opting for premium trading services.
3. Complaints About Repeated Stop Loss Hits
Another issue discussed in reviews was the frequency of stop losses. Certain subscribers claimed that several trades closed in losses within short durations.
One reviewer also alleged that successful calls were promoted more actively, whereas losing trades were not discussed with the same visibility afterward.
This created dissatisfaction among some users expecting balanced trade reporting.
4. Service Experience After Payment
Some complaints were related less to trading performance and more to overall support quality.
A few users claimed the service experience changed after the subscription fee was paid.
According to one reviewer, promises regarding daily calls, guidance, and active assistance did not fully reflect in the experience later.
As a result, some subscribers felt the service quality fell short of their initial expectations.
What Are The Important Factors to Consider Before Subscribing to Any Research Advisory?
Before paying any research analyst or advisory platform, traders should slow down and evaluate the service properly.
A confident sales pitch or profit screenshot should never become the basis for financial decisions.
1. Research the Company Properly
Before subscribing, check:
- Who runs the company?
- Whether it is SEBI-registered.
- How long has it been operating?
- Whether proper compliance details are publicly available.
Many traders skip basic research and directly purchase expensive subscription plans.
2. Read Independent Reviews Carefully
Do not depend only on positive reviews shown on the company’s own platform.
Read detailed discussions across independent forums and review platforms.
Real user experiences usually reveal much more about communication quality, support systems, and actual trading experience.
3. Be Careful About Demo Trades and Profit Screenshots
One major red flag is selective sharing of winning trades or demo profits.
Sometimes, traders only see profitable screenshots while losing trades remain hidden.
This creates unrealistic expectations, especially for beginners entering options trading.
4. Avoid Platforms Promising Loss Recovery or Assured Profits
No research analyst can legally guarantee profits or assure fixed returns under SEBI regulations.
So if any platform indirectly promises “loss recovery,” “fixed income,” or guaranteed profits, traders should become extremely cautious.
The stock market simply does not work on guarantees.
5. Check Whether High-Risk Trading Is Being Pushed Aggressively
Many advisory services heavily focus on risky derivative segments like:
- Bank Nifty options
- Intraday leverage
- Option selling strategies
These strategies can become dangerous for traders with small capital or low risk tolerance. Always ask yourself: Is this strategy actually suitable for my financial situation?
That one question alone can save traders from major losses later.
How to Complain Against a Research Analyst?
If you believe you were misled by an advisory service or suffered losses due to unethical practices, there are proper ways to escalate the issue.
Step 1: Organise All Evidence
Start by collecting all records properly.
Save payment receipts, WhatsApp chats, Telegram messages, emails, screenshots of recommendations, and bank transaction proofs.
Well-organised evidence becomes very important later.
Step 2: File a Complaint with the Firm
Before escalating externally, first send a formal written complaint directly to the advisory firm or compliance officer.
Clearly explain:
- What service did you purchase?
- How much did you pay?
- What issue did you face?
- And what resolution do you expect?
Keep proof of complaint submission safely.
Step 3: File a Complaint with SCORES
If the issue remains unresolved, investors can file complaints through the SEBI Complaints Redress System (SCORES)
Attach all supporting documents properly while filing the complaint.
Step 4: Lodge a Complaint with Smart ODR
Investors can also use the SMART ODR platform for online dispute resolution.
This platform helps resolve disputes involving securities market intermediaries through mediation and conciliation.
Step 5: Share Market Arbitration
In cases involving large financial losses or serious disputes, investors may also explore arbitration proceedings where applicable.
Proper documentation becomes extremely important at this stage.
Need Help?
Many retail traders do not know how to proceed after facing losses from an advisory service.
Some struggle to organise payment proofs and chats properly. Some are unsure how SEBI complaint procedures actually work.
If you subscribed to a research advisory service and believe you faced misleading communication or financial losses, we can help you prepare a structured complaint process.
Our team helps investors organise evidence, draft complaints, and understand the process through SEBI SCORES, SMART ODR, and arbitration.
If you need help, you can register with us, and our team of expert professionals will guide you through each step.
Conclusion
So, is Stock Market Research and Services SEBI registered?
Yes. The entity is registered with SEBI as a Research Analyst. But registration alone should never become the only reason to trust an advisory platform.
Retail traders should always evaluate the complete picture: communication quality, transparency, complaint history, risk exposure, and the suitability of the trading strategies being recommended.
In the end, no advisory service can completely remove market risk.
The safest approach is to verify carefully, avoid unrealistic expectations, and focus on disciplined trading rather than blindly chasing trading calls and profit promises.
