When it comes to online trading, it is very important to choose a platform that is promising and, most importantly, legally registered in your jurisdiction. An app called Trade 350 has recently gained a lot of attention, and many users want to know: “Is Trade 350 legal in India?”
This is a valid question, especially when your money is at stake.
So before you invest, read this blog to clear all your doubts.
What is Trade 350 App?
Trade 350 positions itself as a fancy AI-powered trading platform that has become quite popular.
It claims to offer:
- 5–15% monthly earnings on moderate risks
- Turnkey, AI-powered signals for retail traders
- Major forex pairs (EUR/USD, GBP/USD, USD/JPY)
- Top cryptocurrencies (BTC, ETH, XRP)
- Indices like the S&P 500 and the NASDAQ
- Commodities like gold and oil
- Minimum $250 USD deposit
- Web dashboard + Android/iOS apps
- Languages: English, Spanish, Mandarin, Arabic, Portuguese
These features clarify that Trade 350 is a forex trading platform.
Along with this, the promise of guaranteed return makes it highly suspicious and gives an indication that the platform might be operating a Ponzi Scam too.
Is Trade 350 SEBI Registered?
This is one of the most asked questions. Let’s examine whether Trade 350 is legally allowed to operate in India.
SEBI Registration
Any trading app operating in India must be registered with SEBI (Securities and Exchange Board of India) and must follow strict rules.
However, Trade 350 is not registered with SEBI.
Since it offers forex services, it must also be approved by the RBI, but:
Trade 350 is not approved by the RBI either.
This means the platform violates India’s FEMA regulations and is not legally allowed to operate in India.
Countries Supporting Trade 350 App
Many online articles list countries where Trade 350 is supported, and India is not on that list.
If that information is true, then why is the platform allowing Indian users to sign up?
This raises more red flags and gives a hint of something suspicious.
Is Trade 350 App a Scam?
According to multiple sources, Trade 350 is considered a scam in India.
Real users have reported:
- Small initial wins
- Followed by blocked or impossible withdrawals once larger amounts are invested
Even the UK’s Financial Conduct Authority (FCA) has labelled Trade 350 as an unauthorised firm.
This further proves that the platform is operating without legal recognition.
Multiple Website Domains
Searching for Trade 350 online shows multiple website domains, making it hard to identify the real one. This is especially confusing for beginners.
Suspicious Signup Process
When we tried signing up with a fake identity:
- The app did not verify the mobile number via OTP
- It redirected us to another website named XTrade
This is a huge red flag indicating that Trade 350 might be deceptive.
Missing INR Currency
In the displayed screenshot, INR was missing. Any platform legally operating in India must list INR.
Red Flags in Their “About Us” Section
Carefully reading their About section reveals:
- The platform openly states it is not regulated by authorities like MiFID.
- They mention that names or references may not be real.
- Users are told they must figure out their own country’s financial laws.
- They warn that names, marks, or content might not be real, meaning you may not even know who you are dealing with.
These are extremely shady indicators.
How to Report Forex Trading Complaints in India?
If you have been caught up in this trap, you can follow the following steps to reverse your damage:
- You can file a cyber crime complaint online in India by visiting the official portal. You can upload all your proofs, like screenshots, payment evidence, and conversations.
- If you have made transactions through UPI, debit card, or net banking, inform your bank immediately and ask them to block any further transactions or trace your money.
- You can visit your local police station and file an FIR under cyber fraud and carry all your evidence.
Need help?
We understand that it becomes very frustrating when all our hard-earned money just vanishes in seconds.
In case you are confused about how to report such fraud online, register with us now.
Conclusion
Trade 350 app has a good promotional style. It appears to be shiny and promising with quick profits. But an app that lacks legal backing is never trustworthy.
Legal trading apps have clear registration with SEBI and RBI. Surprisingly, trade 350 doesn’t have any.
It promotes forex trading, which is banned in India, but can be done under strict regulations, for which it needs the INR mentioned in any pair.
Trade 350 fails to provide that, and this is a major red flag that cannot be ignored.
This is not a gaming platform for which you will see good reviews and download it immediately. If something involves your money, you should definitely check if it complies with Indian law or not.
