Online trading apps are popping up everywhere, and one name that’s been getting a lot of buzz lately is Trade Karo. With claims of zero brokerage, high leverage, and super-fast withdrawals, it’s easy to see why traders are curious.
But behind all the excitement, there’s one question everyone keeps asking:
Is Trade Karo actually SEBI-registered or not?
Before you trust any platform with your money, it’s important to get the facts straight.
Trade Karo App Review
Trade Karo is a trading platform launched in 2022 that claims to provide traders access to equities, derivatives, forex, and commodities.
The app markets itself with attractive features, including zero brokerage charges, high leverage ratios, and 24/7 customer support.
Available on both Android and iOS platforms, Trade Karo has gained users through social media promotions and word-of-mouth marketing.
So, question arise Trade Karo App Real or Fake, so let’s find out is it registered with SEBI, safe to use and how to report it if found a fake trading app.
Is Trade Karo App SEBI Registered or Not?
The straightforward answer is no, Trade Karo app is not SEBI registered.
According to multiple financial review sources, Trade Karo lacks registration with SEBI (Securities and Exchange Board of India), NSE (National Stock Exchange), or BSE (Bombay Stock Exchange).
This is a critical red flag for Indian traders, as operating without SEBI registration while offering equity, derivatives, and forex trading is illegal in India.
As of August 2024, there are 4,902 registered stock brokers in India according to the SEBI website, and Trade Karo is not among them.
Is Trade Karo App Safe?
So, it is clear that Trade Karo is not SEBI registered, so is it safe to trade on the platform?
Obviously not!
Here are some major red flags that indicate risk of using the platform.
The platform’s ownership information is shielded through privacy-protected WHOIS registration, making it difficult to verify who operates the platform.
This lack of transparency, combined with the absence of SEBI registration, raises serious concerns about fund safety.
Is Trade Karo Dabba Trading?
The app promotes zero brokerage and high leverage of upto 150x for trading?
But wait, isn’t the margin rule by SEBI states that the brokers can only provide upto 5x margin for trading?
Yes!
And this type of leverage benefit is often given by dabba traders.
So, from this, it is clear that Trade Karo is a dabba trading platform that is misguiding young and new traders by creating inducements.
This means:
- Your trades aren’t real market transactions
- Withdrawals depend entirely on the operator’s discretion
- Zero investor protection or legal recourse
- High risk of blocked withdrawals or fund losstration details.
How to Report Trade Karo App?
If you’ve already invested in Trade Karo or lost funds:
- File Complaint in SEBI:
Report unregistered brokers, blocked withdrawals, or trade manipulation by sending an email to SEBI.
Include screenshots, chat records, and bank statements as evidence. - Report to Exchanges
Both NSE and BSE have investor grievance cells where you can file complaints to build a documented case. - File a Cyber Crime Complaint
Report online fraud at the National Cyber Crime Reporting Portal or file an FIR with your local police cyber cell.
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Conclusion
The answer to “is Trade Karo app SEBI registered?” is definitely no.
Without SEBI, NSE, or BSE registration, Trade Karo operates outside India’s legal framework for securities trading, exposing users to significant financial risks, including fund loss and legal complications.
For safe trading in India, always choose SEBI-registered brokers with transparent operations, verified credentials, and established track records.
Your financial security depends on making informed decisions based on regulatory compliance, not just promotional promises.
