Quick Summary
NSE has issued a caution notice against a person named Sanjay, who operates a YouTube channel called “Trade with Manish” and a website, app.globalcorefx.pro. NSE says the operation offers securities market tips, guaranteed returns and dabba trading. It confirms Sanjay holds no registration. It also confirms a police complaint has already been lodged. The channel’s own name doesn’t match the person NSE says is behind it.
Think you’re following trade calls from a trusted expert named “Manish”?
You might want to pause and re-check who is actually executing those trades.
The National Stock Exchange (NSE) just issued a stark warning exposing the YouTube channel “Trade with Manish”, which is secretly operated by a man named Sanjay.
But a fake identity is only the tip of the iceberg: NSE has uncovered illegal dabba trading, promised guaranteed returns, and an active police complaint.
Here is what you need to know before your money is at risk.
NSE Flags Sanjay Behind “Trade with Manish” & Globalcorefx Platform
NSE’s notice, dated September 29, 2026, names a person called Sanjay, operating through mobile number 9211242824.
His public face is a YouTube channel called “Trade with Manish” at youtube.com/@Tradewithmanish-1.
Alongside it sits a website, app.globalcorefx.pro, where the notice says the actual services are delivered.
Why the Channel Name Doesn’t Match Its Owner?
A display name is easy to pick. It costs nothing, and nobody checks it before you upload your first video.
“Trade with Manish” sounds like a personal brand built around trust in one face.
NSE’s notice suggests that the face and the name behind the channel aren’t even the same person, since it names Sanjay, not Manish.
Market Tips, Guaranteed Returns, and Dabba Trading: The Triple Red Flag
NSE’s notice covers three things at once, not just one.
It says the operation provides securities market tips, assured or guaranteed returns on investment, and dabba, or illegal, trading services.
Each of those three is a separate red flag on its own. Together, they describe a setup that promises certainty a real market never offers.
Our breakdown of how trading scams work covers this exact combination, tips that lead to a “guaranteed return” pitch, and why that pitch always signals trouble.
Police Complaint Lodged Against Sanjay’s Operation
NSE states plainly that a police complaint has been lodged in this matter.
NSE confirms this in the same paragraph where it says Sanjay holds no registration.
The notice gives no case number or arrest details, so what’s confirmed is narrow: a complaint exists, and the matter has moved beyond a warning alone.
Legal Consequences: Facing 10-Year Jail Terms Under SCRA and BNS Provisions
The legal exposure the notice lays out is specific, not vague.
Section 23(1) of the Securities Contracts (Regulation) Act covers Sections 13, 16, 17 and 19. Breaking any of them can mean imprisonment of up to ten years, a fine of up to ₹25 crore, or both.
Under Section 25, these are cognizable offences, so state police can investigate them directly, without waiting on SEBI or NSE.
The notice also cites Sections 316, 318 and 61 of the Bharatiya Nyaya Sanhita, covering criminal breach of trust, cheating and criminal conspiracy.
How to Verify Broker Registration: NSE Confirms Zero Authorization for Sanjay
NSE confirms that the person or entity running this channel and website is not registered. That covers registration as a member, and as an Authorised Person of any registered exchange member.
That means none of the exchange’s usual safeguards sit behind either the channel or Globalcorefx.
NSE points investors to its own “Know/Locate your Stock Broker” tool on nseindia.com to check any broker’s real registration before trusting them.
Zero Investor Recourse: Why NSE Grievance Mechanisms Do Not Apply?
The second page of the notice closes off the routes many investors assume exist.
NSE lists three things that will not be available for disputes tied to such prohibited schemes. Investor protection under the exchange’s jurisdiction is one.
The Exchange Dispute Resolution Mechanism and the Investor Grievance Redressal Mechanism are the other two.
NSE adds that taking part in such platforms is at the investor’s own risk, cost and consequences.
How to Report “Trade with Manish” or Globalcorefx?
If you have suffered financial losses or received illegal trading tips from “Trade with Manish” or Globalcorefx, immediate reporting is essential.
Because Sanjay operates without any SEBI or exchange registration, traditional grievance portals like SEBI SCORES will not accept the claim due to the lack of a regulated entity.
Follow these step-by-step reporting procedures to lodge your complaint properly:
- Document All Evidence Immediately: Before any online materials are removed or changed. Save screenshots or recordings of relevant YouTube videos, Telegram trade calls, website pages, and other promotional content. Also preserve banking transaction receipts, UPI reference IDs, wallet transfer details, chat logs, and email communications that may show promised returns, investment terms, payment requests, or advisory tips.
- File a Formal Complaint via Email to SEBI: Since SCORES requires a registered broker ID, you must send your complete evidence dossier directly via Email to SEBI to flag unregistered advisory activity and dabba trading operations.
- Lodge a Cybercrime Report: If money has already left your bank account, immediate action is critical to freeze fraudulent beneficiary accounts. Follow our detailed guide on how to file a cyber crime complaint to understand what details the portal requires and how the police investigation process moves forward.
Conclusion
The channel is called “Trade with Manish.” NSE names the person behind it as Sanjay.
That gap between the name on screen and the name in the notice is worth remembering.
NSE says Sanjay offers tips, guaranteed returns, and dabba trading, all through one operation with no registration behind it.
A police complaint is already active, and the exchange’s usual protections don’t apply here.
Before you trust any trading channel with your money, check whether the name in front of the camera is actually the name behind it.
Report. Recover. Stay Fraud Free.
He's an individual operating through mobile number 9211242824, named behind the "Trade with Manish" YouTube channel and the Globalcorefx website. No. NSE's notice confirms Sanjay is not registered as a member or Authorised Person of any registered exchange member. The notice says Sanjay offers securities market tips, assured or guaranteed returns on stock market investments, and dabba, or illegal, trading services to investors. Yes. NSE's notice confirms a complaint against Sanjay is already on record. Up to ten years imprisonment and a fine of up to ₹25 crore under the SCRA, alongside charges of criminal breach of trust, cheating and criminal conspiracy under the Bharatiya Nyaya Sanhita. No. NSE states that exchange investor protection, dispute resolution and grievance redressal are not available for such prohibited schemes. Save your evidence, email SEBI to flag the unregistered operator, and report to cybercrime.gov.in or your local police if money has moved.Frequently Asked Questions
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