NSE Issues Warning Against Bull Eye Traders Group and Garg Traders

Three websites, two rogue APK apps, and a notorious Telegram channel, are you sure your hard-earned money isn’t tied to the latest Bull Eye Traders Group and Garg Traders trap?

In its latest October 12, 2026 warning, the National Stock Exchange (NSE) has red-flagged unregistered entities operating illegal dabba trading and fake advisory schemes.

If you have ever shared your trading credentials or clicked an unverified financial link, you need to check these banned numbers and platforms immediately before it’s too late.

Garg Traders & Protraders NSE Notice

This is the whole notice in one table. Use it to check what you have installed, followed, or saved.

Every entry comes straight from NSE’s press release.

Garg Traders Website And APK: The Links NSE Lists

NSE names two Garg Traders links. One is a website, and the other is an application file.

Check your phone and browser history for either one.

1. The Garg Traders Website

The website link is gargtraders.life.

NSE lists it among the pages providing the services described in the notice.

2. The Garg Traders Application

The application link is gargtraders.life/gargtraders.life.apk.

An APK is an app file installed directly, not through an app store. The notice does not say how investors were directed to it.

Protraders Website And APK: The Links NSE Flags

The second entity has the same pattern. NSE lists a website and an application file for Protraders.

Compare the spelling carefully, since the domain reads protrader.cloud.

1. The Protraders Website

The website link is protrader.cloud.

2. The Protraders Application

The application link is protrader.cloud/protrader.cloud.apk.

NSE says the persons or entity running these pages are not registered. More on that under the registration heading below.

Gemtrader.live Website: The Third Link In The NSE Notice

One more website appears in the notice. It is not tied to a separate app.

NSE gives the link gemtrader.live/trade/.

The notice does not say which entity runs this site. It lists it together with the other links.

Bull Eye Traders Group Telegram Channel: The Link And What NSE Says

NSE also names a Telegram channel. Its name is in capital letters in the notice.

The channel is “BULL EYE TRADERS GROUP,” and the link is t.me/dabbatradingbulleye.

The notice does not describe the channel’s content separately. It lists the channel with the other links.

Imran, Harsh And Vijay: The Names NSE Says Are Claiming Association

NSE says persons named “Imran”, “Harsh” and “Vijay” are claiming to be associated with Garg Traders and Protraders.

They operate through three mobile numbers listed in the notice.

1. The Three Names

The notice gives first names only: “Imran”, “Harsh” and “Vijay”.

It does not give surnames, addresses, or other identifying details.

2. The Three Mobile Numbers

NSE lists 7090919199, 7505950600 and 9345958844.

The notice does not link each number to a specific person. If any of these numbers contacted you, save the messages.

Garg Traders NSE Alert: Four Services NSE Says Are Being Offered

NSE lists four services in a single sentence. They are separate risks, so read them one by one.

The notice says the persons, channels, websites, and apps are providing all of them.

1. Securities Market Tips

Tips on stock market investment are the first item.

Participation in such platforms is at the investor’s own risk, cost, and consequences.

2. Assured Or Guaranteed Returns

No one can promise a fixed outcome in the stock market.

NSE says investors should not subscribe to any scheme offering such returns.

3. Account Handling By Asking For Login ID And Password

NSE says account handling is offered by asking investors to share their Login ID and Password.

That is a serious risk, since your login controls your account.

4. Dabba Or Illegal Trading Services

NSE names dabba or illegal trading services as the fourth item.

Dabba trading happens outside the exchange, and our explainer on how dabba trading works covers the basics.

Dabba Trading Law: SCRA Section 23(1) Penalties And BNS Sections 316, 318 And 61

NSE’s notice sets out the legal position in detail.

It names penalties under the Securities Contracts (Regulation) Act, 1956 (SCRA) and the Bharatiya Nyaya Sanhita, 2023 (BNS).

Here are the provisions exactly as NSE gives them:

The notice does not explain what the BNS sections cover, so this blog does not either.

To understand the legal position in more detail, see whether dabba trading is legal in India.

Is Garg Traders Registered Or Not?

Here the notice is direct. It leaves no doubt about NSE membership.

NSE says the persons or entity running the pages are not registered as a member or an Authorised Person.

The notice means any registered member of the Exchange.

The notice speaks only of the Exchange’s members and Authorised Persons. It does not discuss any other registration.

You can check any broker on NSE’s “Know/Locate your Stock Broker” tool at nseindia.com/invest/find-a-stock-broker. It lists registered members and their Authorised Persons.

[Screenshot: NSE Press Release, page 1, second paragraph, the registration statement and the Know/Locate sentence]

Police Complaint Lodged Against Garg Traders And Protraders: What The Notice Says

NSE states that a police complaint has been lodged in this regard.

That is the full statement. The notice does not name a police station, a case number, or an FIR.

It also does not say who filed the complaint or what stage it has reached.

No Investor Protection For Garg Traders Or Protraders Users

NSE cautions investors not to trade on such illegal trading platforms. It says they are neither approved nor endorsed by the Exchange.

For disputes over such prohibited schemes, three recourses will not be available.

Installed The Garg Traders Or Protraders App? Steps To Take If You Used An APK

If you installed either app or used any of the websites, act in order. These are general safety steps, and the notice does not list them.

Start with the quickest actions:

1. Stop Using The App And Website

Close the app and leave the website. Do not enter more money or details.

2. Remove The App And Change Your Passwords

Uninstall the app from your phone.

If you shared a login, change your trading and demat passwords through your broker’s official app. Many investors wonder is demat account handling safe after this step.

3. Save Every Record

Keep screenshots, chats, call logs, payment receipts, and the links.

4. Report Any Payment Quickly

If money has left your bank account, report it quickly on the cyber crime portal or call 1930.

Where To Report Garg Traders, Protraders And Bull Eye Traders Group?

NSE says the persons and entities are not registered, so SEBI’s SCORES portal is not the right route.

SCORES covers registered intermediaries and listed companies.

Use the routes below instead:

1. File A Police Complaint

NSE says a complaint has already been lodged. You can still file your own with your chats and payment proof.

2. Report To The Cyber Crime Portal Or 1930

Use the cyber crime portal or call 1930 if you paid money or shared bank details.

3. Email SEBI

Send SEBI the links, numbers, and your evidence.

4. Report The Telegram Channel To Telegram

Flag the channel on the platform with its link.

If you want to know the full process, check our guide: Dabba trading complaints.

Conclusion

NSE has flagged persons claiming association with Garg Traders and Protraders, a Telegram channel, three websites and two apps.

It names tips, assured returns, account handling by asking for login details, and dabba or illegal trading.

It says the persons or entities are not registered, and a police complaint has been lodged.

Check the links and numbers, never share your login, and keep every record.

Report. Recover. Stay Fraud Free.