You’ve probably seen it: “87% success rate”. Stock Option Research Advisory makes it look almost too easy. And your first instinct is fair: are they even SEBI registered?
But even if they are, does that actually guarantee anything?
In this blog, we’re breaking down exactly whether Stock Option Research Advisory is SEBI registered, what that registration actually means, what to be careful of, and what to do if something has already gone wrong.
Stock Option Research SEBI Registration Details
The short answer is, yes. Stock Option Research is a SEBI-registered Research Analyst.
The firm is run by Anjali Nathilal Tiwari, who serves as the Principal Research Analyst, SEBI Registered RA, and Grievance Officer.
Here are the verified details straight from their official disclosures page:
- Registered Name: Anjali Tiwari, Proprietor of Stock Option Research
- SEBI Registration Number: INH000015321
- Registration Date: March 1, 2024
- BSE Enlistment Number: 6074
You can verify this yourself on SEBI’s official intermediary search portal. Just search for the registration number INH000015321.
What Does a SEBI Registration Actually Mean?
A SEBI registration is simply a basic legal license to operate, meaning it is never a government safety stamp or a guarantee of options trading profits.
Because of this legal boundary, Research Analysts are strictly forbidden from managing your personal trading account, handling your funds, or promising any research analysts guaranteed returns.
They are also bound by a tight pricing ceiling, which is why SEBI caps total retail advisory fees at ₹1,51,000 per year, a strict limit that this platform’s maximum package tier hits perfectly.
To keep these practices honest, the regulator continuously monitors registered firms through compliance audits and tracks customer complaints publicly on the SCORES portal.
This ongoing scrutiny means that any flashy success or accuracy claim an analyst throws around must be backed by transparent, timestamped, and legally verifiable research data.
Ultimately, registration just proves a firm follows the basic regulatory paperwork rules, so the final responsibility to protect your money and verify their actual track record still sits entirely with you.
Is Stock Option Research Legit?
Being SEBI registered is a legal requirement, not a quality stamp.
To give you an honest Stock Option Research review, there are several things about the platform that you should think carefully about before committing your money.
1. No Independently Verified Track Record
The platform prominently flashes an 87% success rate to draw you in, yet it fails to provide any publicly accessible, independently audited trade logs to back it up.
From a regulatory standpoint, this isn’t just an omission; it is a direct conflict with SEBI’s strict Advertisement Code.
Under these guidelines, registered RAs are explicitly forbidden from projecting unverified accuracy percentages or assured winning streaks because it creates a false sense of safety for retail investors.
2. An Unresolved Complaint Since June 2025
Every SEBI-registered firm is required by law to resolve an incoming client grievance within a strict 21-day timeline.
However, the platform’s own mandatory disclosure tables reveal that a complaint received in June 2025 remained completely unresolved, dragging on through November 2025.
For a firm with a relatively small client base, letting a client dispute drag on for five months isn’t just slow customer support; it is a serious compliance mismatch with SEBI’s grievance redressal rules.
3. No Public Client Testimonials or Reviews
There are barely any publicly available user reviews for Stock Option Research on any major platform: no Google reviews, no social media testimonials that can be independently verified.
For a firm that claims “thousands of successful investors” trust them, the absence of any verifiable public feedback is conspicuous.
How to Report Against a Research Analyst?
If your experience with a Research Analyst has fallen short of professional standards, follow this step-by-step escalation path to hold them accountable and protect your interests.
1. Gather Information
Start by collecting every piece of evidence you can find, like screenshots, contract notes, call recordings, emails, and anything tied to that specific trade.
Organize these documents chronologically so the issue is easy to understand and verify.
The more complete and structured your documentation is, the stronger and faster your case becomes.
2. Register a Complaint in SCORES
File a formal complaint on the SCORES platform of the Securities and Exchange Board of India (SEBI).
This puts them under regulatory scrutiny and gives them a defined timeline to respond.
SEBI oversees the process, ensuring accountability and transparency in the resolution.
3. File a Complaint in SMART ODR
If SCORES fails, escalate to the SMART ODR platform for conciliation.
A neutral mediator will step in to help you and the firm negotiate a mutually agreed settlement within 21 days.
4. Stock Market Arbitration
If conciliation fails, immediately push the dispute into online arbitration on the same portal.
An independent arbitrator will review your evidence and issue a final, legally binding decision that the firm is forced to execute.
Need Help?
If you feel misled by unverified success claims or have lost your money just trusting the SEBI registration, please don’t blame yourself.
Navigating the legal technicalities of SEBI SCORES and SMART ODR can feel exhausting when you are already stressed about your funds, but you do not have to fight it alone.
We can help you sort through your chat screenshots, organize your payment trails into a clear chronological timeline, and draft a structured, legally precise complaint to maximize your chances of recovery.
Register with us today, and let us take the weight off your shoulders.
Conclusion
Stock Option Research is a legitimate, SEBI-registered Research Analyst firm.
The registration number INH000015321 is verifiable on SEBI’s official portal, and the firm does maintain the regulatory documentation required of registered analysts.
However, being registered is the bare minimum. It tells you the firm is operating within the law, not that it’s the right choice for you.
The firm is young, its claimed success rate is unverified, its grievance process lacks true independence, and the product is marketed at beginners in a market segment that carries high risk.
If you’re an experienced options trader looking for research support, do your homework thoroughly: verify the number, ask hard questions about track record, and understand the refund terms.
If you’re a beginner, take extra time to learn the basics of options before committing to any paid research service.
As always in markets, the responsibility ultimately rests with you.
Frequently Asked Questions
Q1: Does a SEBI registration mean that an advisor’s success claims are officially verified?
A: No. A SEBI registration is simply a legal license to operate, not a verification of performance. SEBI verifies an analyst’s qualifications, infrastructure, and paperwork; it never audits or validates marketing claims like an “87% success rate.”
Q2: What is the maximum fee a registered Research Analyst can legally charge me?
A: SEBI strictly caps the total advisory fees for individual retail clients and families at ₹1,51,000 per year across all combined packages.
If any representative pressures you to upgrade to “custom” bundles exceeding this cap, they are breaking the law.
Q3: What should I do if a firm takes months to resolve my complaint?
A: Under SEBI rules, a registered firm is legally mandated to resolve client grievances within 21 calendar days.
If they delay or ignore you beyond this window, you should immediately escalate the dispute by filing an official complaint on the SEBI SCORES portal.
