If you’ve been exploring online trading, you already know one thing: finding a reliable broker is everything.
And if you’ve come across TradGrip and are now wondering, “Is TradGrip legit?”, you’re absolutely right to pause and question it.
In fact, this is where most people in India get trapped.
Even though forex trading (involving non-INR currency pairs) is banned in India, many people still fall for it because of flashy influencers showing rented cars, fake profits, and a lifestyle that doesn’t really exist.
That’s how platforms like TradGrip gain attention.
But here’s the part you really need to know.
According to multiple credible reports and recent police investigations into cyber-financial fraud, the TradGrip domain has been directly linked to sophisticated online trading scam operations.
The kind where users are lured in with high return promises, only to realize later that withdrawals are blocked, accounts are frozen, or “extra deposits” are suddenly required.
Shocked?
Let’s uncover some more hidden details of the platform.
TradGrip Review
If you’ve been scrolling through Instagram, Telegram, or YouTube lately, you’ve probably seen someone showing off luxury cars, beach vacations, and “live trading profits” on their phone.
Many of these so-called influencers push platforms like TradGrip, which is how most people come across it.
So what exactly is TradGrip?
According to its website, TradGrip is an online CFD trading platform that lets you trade things like:
- Forex
- Stocks
- Commodities
- Indices
- Cryptocurrencies
Basically, it positions itself as a full-service trading broker where you can deposit money, trade different assets, and supposedly “earn big returns.”
Sounds impressive, right?
But here’s where things get uncomfortable.
TradGrip is operated by a company registered in Comoros, an offshore location known for very weak financial oversight.
And while they claim to have a license, that license comes from a regulator that many experts and review platforms consider unreliable.
Now combine that with the flood of online complaints about:
- Money not being returned
- Withdrawals being blocked
- “Account managers” pushing users to deposit more
- Trades being manipulated
- Support is disappearing after you ask for withdrawals
Worse, several scam-watch platforms and even news reports have linked TradGrip to serious fraud cases, especially in India, where forex trading on unregulated websites is illegal to begin with.
So is TradGrip a trading platform?
Yes.
But is it a safe or reliable trading platform?
It doesn’t seem to be.
Is TradeGrip Legal in India?
Now, first things first.
If any trading platform claims to offer trading services in stocks, commodities in India, then it must be SEBI registered, Right?
But if you check the website, you wouldn’t find any such registration details.
Further, forex trading is banned in India by the RBI. Hence, the platform has no approval to operate legally in India.
Along with this, here are the substantial warning signs:
1. The Fake Platform Trap
This is the core of the reported TradGrip scam.
According to the reports, the fraudsters lure the victims into this trap and then create an account for them on a platform associated with TradGrip, which, however, was found to be a fake platform by the police.
2. The Illusion of Profit
The scam works by manipulating the numbers on the fake platform.
Victims are shown highly profitable “returns” on their tiny investment
.This winning “cycle” is working to gain the victims’ trust and make them feel safe; thus, they invest larger and larger sums.
3. Withdrawal Blockade
That is the time when the victim wants to withdraw a profit, and the problem arises.
Scammers point to “technical issues” or, in the worst case, they demand huge, completely fictitious and non-negotiable “taxes,” “fees,” or “commission” to free up the money.
So this is the final effort to get more money from the victim before he or she finds out the truth.
4. Offshore Regulation Warning
The platform is regulated by an offshore regulator, such as MISA: MWALI International Services Authority, providing regulation for operators like Zenith Markets PLC.
Nevertheless, offshore regulation offers very little or no protection at all to international retail investors.
If a broker is not regulated by a top-tier body (such as the FCA, ASIC, or SEBI), then it is really a huge risk.
TradGrip Complaints
Real complaints from users reveal the seriousness of the problem. Here are a few examples:
User1:
The user reported that they had been following up on their refund since 28th August. Despite the company claiming the refund was processed, the user proved, by sharing their bank statement, that no money had been credited.
Even after this, the company neither responded to their emails nor returned the funds, leaving the user stranded during a medical emergency. This raises serious concerns about the platform’s integrity and customer support.
User2:
Another User shared a heartbreaking account of losing their entire life savings after being repeatedly pressured to invest more.
According to their testimony, every trade was pushed into losses, withdrawals were blocked, and the platform kept demanding additional deposits whenever the margin dropped.
In the end, they claim they couldn’t recover even their principal amount: a devastating experience they warn others never to risk repeating.
These user experiences paint a clear picture of the risks involved, and while you may come across a few positive reviews online, remember that many can be paid, filtered, or completely fabricated, so always evaluate with caution.
How to Report Forex Trading Complaints in India?
You must act quickly if you have lost money to a fraudulent trading platform, such as the alleged TradGrip scam.
- Immediate Police Complaint (FIR): Go straight to your local Cyber Crime Cell or the Economic Offences Wing (EOW). File a detailed FIR.
- File a cyber crime complaint: Report the crime immediately on your country’s national cybercrime portal.
- File a complaint with SEBI: As this is a fake trading platform, you can inform the authorities by sending an email to SEBI.
- Report to RBI: The Reserve Bank of India has banned multiple forex trading platforms in India. File a complaint to bring this to notice and protect others.
Need Help?
Register with us and we’ll assist you step-by-step in filing your complaint.
We have helped multiple victims in getting forex trading scam recovery by guiding them through the proper reporting process.
Conclusion
When you ask, Is TradGrip legit?
The publicly available information linking the domain to documented, high-value financial fraud provides a clear answer: Stay away.
The risk of total loss is immense.
