StockAce Review: Why Do SEBI Records and Firm Disclosures Name Different Owners?

Ever noticed how a company’s own paperwork sometimes tells a slightly different story than its website? StockAce is a good example of exactly that.

StockAce Financial Services holds SEBI Research Analyst registration INH000010326, active since 19 October 2022. The registration itself is genuine.

What’s worth ten minutes of your time is everything sitting around that registration: who the firm actually says is responsible for the research, where the pricing is hidden, and a few details that don’t quite add up.

This page walks through all of it, plainly, in the order you’d actually want to check it yourself.

StockAce Financial Services

Before getting into what’s wrong, it helps to know what StockAce actually claims to do.

StockAce offers stock market research and recommendation calls, including intraday trading calls across index options like Nifty, Sensex, and Bank Nifty, plus commodity options in crude oil, silver, gold, and natural gas.

Alongside the research itself, it promotes live market support, trade alerts, risk and money management guidance, and one-on-one chat support.

The firm states its mission is to reach 1 million people and turn them into consistent, professional traders.

None of this establishes wrongdoing on its own. Ambition isn’t a red flag. What matters is whether the details underneath it hold up, and that’s what the rest of this page checks.

Is StockAce SEBI Registered?

Start with the basics, since everything else on this page only matters if the registration itself is real.

Yes, StockAce Financial Services is registered with SEBI under registration number INH000010326.

Always check sebi registered research analyst credentials against SEBI’s own published Research Analyst list before you pay anyone, using the exact registration number rather than trusting a website’s own claim.

An INH number means Research Analyst. It permits publishing research and recommendations to a general subscriber base.

It doesn’t permit personalised advice built around one client’s own finances, executing trades on someone’s behalf, or managing anyone’s portfolio.

StockAce SEBI Contact vs. Compliance Officer Discrepancy

This is worth reading slowly, because it’s the sharpest finding on this page.

SEBI’s own record, and the registration table above, name Piyush Rathi as the contact person for this registration.

StockAce’s own disclosure document, published on its own website, states something different.

It describes the firm as a Non-Individual Research Analyst and separately names Mr. Bharat Sharma, stating he holds a Post Graduation Diploma in Management in Finance.

Two different names, two different documents, both belonging to the same registration.

This might have a perfectly reasonable explanation. StockAce is registered as a non-individual entity, so Piyush Rathi and Bharat Sharma may hold two different roles inside the same firm, one as the registered contact, the other as the qualified analyst actually producing the research.

What matters is that the website doesn’t explain this itself. If you’re paying for research, ask directly who is actually preparing it, and get their name and qualification confirmed in writing.

Why Is There No Price Anywhere on the StockAce Website?

Here’s something worth trying yourself before you take our word for it. Go to the StockAce homepage and look for a price.

You won’t find one.

Every plan, and every price, sits on a separate third-party page, run through a platform called Cosmofeed, not on stockace.in itself.

Once you do reach that page, here’s what it actually shows:

None of these figures breach the SEBI fee ceiling. Annualised, even the standard monthly rate comes to roughly ₹18,000 a year, far under the ₹1,51,000 limit.

The concern here isn’t the price. It’s that you’d never see it without leaving StockAce’s own website entirely.

There’s a second detail worth knowing about that same Cosmofeed page.

Its own disclaimer states plainly that Cosmofeed Technologies “shall not be held liable” for any content or materials published, sold, or distributed by content creators on its platform, and that it doesn’t endorse or take responsibility for the accuracy or quality of that content.

In plain terms, the platform actually processing your payment explicitly says it isn’t responsible for what StockAce sells you through it.

Two more gaps sit alongside this. The website doesn’t publish an official bank account for payments, so you can’t independently confirm where your money is actually going.

And nowhere does StockAce state how many calls you get, how often they arrive, or what exactly is included in any plan.

Before paying anything, get the exact deliverables, the official payment destination, and who’s producing the research, all in writing.

StockAce Complaints

This is the part of the review where numbers usually stop matching up. Not here.

We went through StockAce’s monthly figures and its yearly totals side by side, tracing individual complaints month to month, and the two actually agree.

The Annual Disposal Trend

Here’s how many complaints StockAce has recorded every year since it was first registered.

Nine complaints since the registration began, every single one resolved, nothing pending. That’s a real number, and it deserves an equally real reading rather than getting waved away.

The Monthly Trend Matches It Exactly

Alongside the yearly summary, StockAce also publishes a month-by-month breakdown, letting you see exactly when each complaint actually arrived.

Add up every month in that table, and the total is also 9 received and 9 resolved, matching the annual figures precisely.

Trace it further, and the same story holds up. The 1 complaint from FY2023-24 arrived in January 2024. The 8 from FY2024-25 arrived across June, July, and August 2024, with July alone accounting for 5 of them.

This firm’s complaint disclosure is internally consistent, month to month and year to year. That’s genuinely worth crediting, and it’s not something every research firm on this site can claim.

What it doesn’t tell you is what those 9 complaints were actually about.

The table shows numbers, not reasons. If a genuinely high concentration of complaints in one two-month window matters to your decision, ask StockAce directly what drove it.

StockAce Promotional Language Worth Questioning

A prominent banner on the homepage asks investors why they should join, and answers itself with a claim worth reading carefully.

It describes StockAce as one of India’s fastest growing SEBI research analyst firms.

Except that’s not actually what it says.

The live text on StockAce’s own homepage currently reads “Fastest Growing SEBI REESEACH ANALYST FIRN,” misspelling both “Research” and “Firm” in the exact sentence meant to establish its regulatory credibility.

A typo isn’t proof of anything by itself. It is a small, honest signal of how carefully a page meant to reassure investors has actually been checked before publishing.

The same banner repeats phrases like “World-Class Experts,” “Research Backed Trade,” and “Quality Trading & Investment Strategies,” without attaching evidence to any of them.

Twelve named video testimonials also appear on the site, each with its own “Watch Review” button. Click any of them, and you get an error rather than the actual video.

Separately, the site’s own disclaimer explicitly warns against guaranteed returns, sure-shot profits, and high-accuracy claims, and tells you to verify the firm’s registration before paying.

That’s a genuinely responsible disclaimer to include, and worth noting alongside everything else here.

The firm’s X and YouTube links also don’t open from the homepage, despite both being listed as active social channels.

Paid StockAce through a third-party page and now something’s not adding up?

We will trace exactly what you were shown, what you paid, and where the payment actually went, then put it on record with the firm and SEBI if the answers don’t add up

Register with us for a free look at your situation.

How to File a Complaint Against StockAce?

If something you were told doesn’t match what StockAce’s own documents show, here’s a sensible order to work through it.

Start with the firm itself. Write to [email protected], laying out exactly what you were told, what you paid, and what you want resolved.

Ask specifically who prepared the research you received, Piyush Rathi or Bharat Sharma, and get their answer in writing.

If that doesn’t resolve things, here’s where the matter goes next:

1. File your complaint on the SEBI SCORES complaint portal, the regulator’s own first point of contact.
2. If SCORES alone doesn’t settle it, the SMART ODR registration platform brings in a neutral party to review both sides.
3. Where that still doesn’t resolve things, Share Market Arbitration produces a binding decision neither side can simply walk away from.

For the full walkthrough of every stage, our guide to a complaint against SEBI registered research analyst covers the entire process in order.

Disclaimer: Everything above comes from StockAce’s own published material, cross-checked against SEBI’s own public register. Nothing here accuses the firm of wrongdoing, and no SEBI order currently stands against it. Confirm every detail yourself before acting on it. This page is meant to help you ask better questions, not to replace a lawyer or a financial adviser.

Conclusion

StockAce Financial Services holds a genuine SEBI registration, INH000010326, and its complaint disclosure is one of the more internally consistent records reviewed on this site.

What needs real attention sits elsewhere.

Its own disclosure names a different individual than the one listed on its SEBI record, its pricing is hidden behind a third-party page whose own terms disclaim responsibility for what StockAce sells, and its flagship credibility banner has misspelled its own regulatory claim.

Ask directly who prepared your research, get the exact deliverables in writing, and confirm the official payment destination before you pay anything.

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Report. Recover. Stay Fraud Free.

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Frequently Asked Questions

1. Is StockAce Financial Services really SEBI registered?

Yes, under INH000010326, active since October 2022. Confirm it yourself directly on SEBI's own published Research Analyst list.

2. Why does StockAce's disclosure name someone different from its SEBI record?

SEBI's record names Piyush Rathi as contact person. The firm's own disclosure separately names Bharat Sharma as the qualified individual behind the research. The site doesn't explain the relationship between the two, so ask directly.

3. Where can I actually see StockAce's prices?

Not on the StockAce website itself. Pricing only appears once you're routed to a separate, third-party Cosmofeed payment page.

4. Does StockAce's pricing breach the SEBI fee cap?

No. Even the standard monthly plan, renewed continuously, comes to roughly ₹18,000 a year, well under the ₹1,51,000 limit.

5. Can I trust StockAce's complaint numbers?

The numbers themselves check out. Nine complaints since 2022, all resolved, and the monthly and annual tables match exactly. What isn't disclosed is what those complaints were actually about.