Many retail traders search online for Research Factory review before taking their stock market advisory subscription.
With the growing popularity of options trading and Telegram-based stock tips, many beginners now depend heavily on advisory firms for trading guidance.
But before paying for any service, traders should ask a few important questions. Is the advisory actually helping clients understand the market? And are the risks explained properly?
This blog takes a closer look at Research Factory, its services, registration status, and online reviews, which traders should understand before subscribing.
Research Factory Details
Research Factory operates in the stock market advisory space and appears to provide trading research and market recommendation services for retail traders.
The platform is run by Rakesh Pandeet, who serves as the proprietor of the firm.
The platform promotes services related to:
- Stock market research
- Options trading calls
- Intraday recommendations
- Derivative trading guidance
- Market analysis
The firm presents itself as a research-focused advisory platform aimed at helping traders identify market opportunities.
Research Factory is associated with Rakesh Pandeet, who is listed as the proprietor of the entity.
Is Rakesh Pandeet SEBI Registered?
Yes. Research Factory is associated with a SEBI registered Research Analyst registration.
The SEBI registration details are:
Traders who want to verify SEBI registered research analyst credentials can do so directly through SEBI’s official intermediary database, rather than relying solely on promotional materials or screenshots shared online.
At the same time, investors should remember one important thing. A common question traders ask is: can I trust SEBI registered research analyst services blindly?
The answer is no. SEBI registration does not automatically guarantee profits, accuracy, or completely risk-free services. It only means the entity is authorised to operate under SEBI regulations.
Understanding what SEBI allows a registered research analyst to do is equally important before subscribing to any service.
As per research analyst SEBI guidelines, a registered analyst is permitted to publish research reports, share buy or sell recommendations backed by proper analysis, and charge clearly disclosed fees.
What they are not permitted to do is promise guaranteed returns, place trades on your behalf without consent, or misrepresent their track record to attract clients.
Knowing this boundary helps traders evaluate whether an advisory service is operating within its legal scope or crossing into territory that could put your money at risk.
Research Factory User Reviews
Before subscribing to any stock market advisory service, traders should search online reviews to understand how existing users actually experienced the platform.
Research Factory also has various reviews available across public platforms and forums.
Most traders raised concerns related to losses, risky trading recommendations, and overall service satisfaction.
1. Users Complaining About Large Losses
A few reviewers claimed that the advisory calls resulted in heavy losses instead of helping them improve their trading.
One user even alleged that the service lacked proper market understanding and said the overall experience became financially damaging.
Complaints like these are commonly seen in aggressive options trading, where even one wrong leveraged trade can create significant losses within a short period.
2. Concerns Around Trial Calls and Risky Trades
Another review claimed that the user faced major losses even during the trial phase itself.
This raises an important issue often seen in the advisory industry. Many beginners enter derivative trading after watching a few profitable calls without fully understanding leverage, volatility, or downside risks.
In F&O trading, high-risk strategies can become dangerous very quickly if proper risk management is missing.
3. Dissatisfaction With Overall Service Experience
One of the users also expressed disappointment regarding the quality of support and overall experience. It also mentioned that the advisory has poor market knowledge.
This is why traders should always research before purchasing expensive trading subscriptions or blindly trusting promotional claims online.
How to Report Against a Research Analyst in India?
Many retail traders stay confused after facing losses through advisory-driven trading. Some think it was normal market risk, while others feel they were pushed into risky trades without proper understanding.
If you genuinely believe that misleading sales practices, unrealistic claims, or aggressive push trading were involved, it is important to take proper action instead of only arguing on calls or posting online reviews.
Step 1: Organise All Evidence
Start by collecting every document and communication connected to the service.
This includes payment receipts, bank statements, WhatsApp chats, Telegram messages, screenshots of advertisements, trade calls, and call recordings if available.
Also, prepare a simple timeline explaining when you joined, what was promised, how the trades were handled, and what problems happened later.
Proper documentation becomes very important during complaint filing.
Step 2: Send a Written Complaint to the Advisory Firm
Before approaching regulators, first send a formal written complaint directly to the advisory service or compliance contact.
Clearly explain the issue, subscription details, dates of communication, losses faced, and the resolution you are expecting.
Always communicate through email or written messages so there is a proper record of the complaint.
Step 3: Register a Complaint in SCORES
If the advisory entity is SEBI-registered and your issue remains unresolved, you can escalate the matter through the SEBI Complaints Redress System (SCORES).
While filing the complaint, attach all supporting documents properly. A structured complaint with evidence usually gets better attention than emotional allegations without proof.
Step 4: Raise a Complaint with Smart ODR
If the dispute still does not get resolved, investors can approach the SMART ODR platform for online mediation and dispute resolution.
This platform is designed to help investors and registered intermediaries resolve securities market disputes through digital conciliation and settlement mechanisms.
Step 5: Arbitration in Share Market
If serious financial losses are involved and the dispute remains unresolved even after mediation efforts, arbitration may become necessary.
In arbitration, an independent authority reviews evidence from both sides and passes a legally binding decision. This process is commonly used for major financial disputes in the securities market.
Need Help?
Many retail traders feel stuck after facing issues with stock market advisory services.
Sometimes the problem is misleading communication, aggressive sales pressure, lack of proper support, or confusion around risky trading recommendations.
The biggest challenge is that most investors do not know where to complain, what evidence is important, or whether their case actually involves a regulatory violation.
Our team helps traders understand their situation properly, organise important documents and communication records, and guide them through complaint procedures like SCORES, SMART ODR, and arbitration if needed.
If you need assistance, you can register with us for support and guidance.
Conclusion
Research Factory operates under a SEBI registered research analyst structure through proprietor Rakesh Pandeet.
But traders should remember that SEBI registration alone does not guarantee profitable outcomes or ethical conduct in every situation.
Before subscribing to any advisory platform, always research carefully, verify registrations independently, understand the risks involved in trading, and avoid blindly following aggressive profit-focused marketing.
In the stock market, protecting your capital is often more important than chasing fast profits.
