“Trader With A.s” Built an Audience. NSE Built a Case Against Him.

Most illegal trading warnings stop at a name and a link. This one has a clue hiding inside the link itself.

“Trader With A.s” is a YouTube channel, and anyone can start one in five minutes.

The website behind it, with a referral code built right into its own registration link, is another matter entirely.

That single detail says more about how this operation actually runs than the channel name ever could.

Who’s Behind “Trader With A.s” and Tradefuturefx?

NSE’s caution notice, dated September 22, 2026, names a YouTube channel called “Trader With A.s,” reachable at youtube.com/@TradeWithA.s7.

Alongside it sits a website, tradefuturefx.com, where the actual registration for services happens.

NSE describes the operation plainly: it’s providing dabba, or illegal trading services to investors.

The Referral Code Hiding in the Website Address

Look closely at the website link in NSE’s own notice, and there’s a detail easy to scroll past.

The registration page ends in ?ref=9FE5FDED, a referral code attached directly to the URL.

That’s not a random technical quirk. Referral codes like this usually mean existing users get something, credit, commission, or status, for bringing in new ones.

Operations built this way tend to grow faster than a single Telegram channel or Instagram page ever could, since every person who joins has a direct incentive to pull in the next one.

It’s a pattern worth recognising on sight, since a genuine, regulated trading platform has no reason to build its registration link around who referred whom.

Why This Is Dabba Trading, Not Just Bad Advice?

It’s worth being precise about what NSE is actually accusing this operation of, since the term matters.

Dabba trading isn’t the same as an unregistered tipster giving bad stock picks. It means trades placed through this platform never reach a real stock exchange at all.

Instead, everything settles privately between the operator and the investor, based on numbers that only resemble real market prices.

Our detailed breakdown of how dabba trading operates covers the fake order books and private ledgers behind setups exactly like this one.

Why a Police Complaint Came Before the Public Notice?

As with several recent notices, NSE states plainly that a police complaint has already been lodged here too.

The legal exposure spelled out is significant and worth reading in full.

Under Section 23(1) of the Securities Contracts (Regulation) Act, contravening Sections 13, 16, 17, or 19 can mean imprisonment of up to 10 years, a fine of up to ₹25 crore, or both.

Under Section 25, this is also a cognizable offence, meaning state police can investigate it directly, without needing SEBI or NSE to act first.

The notice further cites three sections of the Bharatiya Nyaya Sanhita: Section 316 for criminal breach of trust, Section 318 for cheating, and Section 61 for criminal conspiracy.

The pattern behind how operations like this get built, tested, and scaled through platforms people already trust is worth understanding on its own.

Our look at how trading scams work in India traces that funnel from the first video to the final payment.

No Registration, No Protection: The Truth About Trader With A.s

No. NSE’s notice confirms that whoever runs this YouTube channel and website is not registered, either as a member or as an Authorised Person of any registered exchange member.

That means no real regulatory oversight sits behind Tradefuturefx’s operations, regardless of how polished the website or the channel’s content looks.

NSE points investors to its own “Know/Locate your Stock Broker” tool on nseindia.com, to verify any broker’s genuine registration status directly.

Already Registered on Tradefuturefx? Here’s What Comes Next

If you’ve registered on tradefuturefx.com or sent money through it, the standard investor protections simply don’t apply here.

NSE lists this explicitly: no Exchange Dispute Resolution Mechanism, and no Investor Grievance Redressal Mechanism, since none of this runs through a registered exchange member.

Since a police complaint is already active, documenting your own chats, payment receipts, and registration screenshots genuinely helps; it connects your loss to the ongoing investigation rather than starting from zero.

From there, here’s where to go depending on your situation:

If Trader With A.s or Tradefuturefx Is Who You’re Reporting

Neither of them holds any registration, so SCORES won’t take the case directly; that portal only forwards complaints to entities SEBI already regulates.

Your move here is a complaint with SEBI, flagging the operator by email so it’s on record even without a formal SCORES case.

If It’s Actually Your Broker You Want to Report

This is a different situation entirely, separate from this channel or website. It applies only if a registered broker mishandled your account or trades.

For that, the right channel is an NSE complaint against broker, since that process exists specifically for registered exchange members.

Conclusion

This notice is a reminder that dabba trading has moved well past back-room bookies with paper ledgers.

A YouTube channel builds the audience, a website with a referral code baked into its own URL builds the growth engine, and neither ever touches a real exchange.

With a police complaint already active and specific jail terms on the table, the safest move if you’ve come across this channel is to stay away from the registration link entirely, referral code or not.

Report. Recover. Stay Fraud Free.