Are you wondering if The Trade Room Course will finally turn your trading losses around?
It’s an exhausting position to be in. You likely invested your hard-earned savings after seeing promises of financial security, only to find yourself locked out of broken course materials with your capital trapped.
Before you risk more money, it is important to know how this program operates, what the major red flags are, and what you can do to protect your remaining money and demand a refund.
The Trade Room Course Review
The Trade Room Course operates as an online stock trading mentorship community founded by financial content creator Mayank Raj.
The platform markets its curriculum heavily to individuals who want to learn stock trading in an efficient, simple way to achieve financial independence.
Their marketing narrative focuses on a holistic training approach, starting from basic market terminologies so that an average person can understand the charts.
The curriculum structure is divided into specific learning blocks.
Based on their internal system materials, the offerings are structured as follows:
Course & Material Details
- Program Structure: Learn Trading Phase 1 (including Phase 1 Assignments and selective Guest Lectures).
- Core Offer: Step-by-step training modules paired with direct study guides.
- Available Resources: Handed-out materials such as the Trade Planning Process blueprint, Basics of Financial Markets text guides, and specialized stock market PDFs compiled by Mayank Raj.
- What Students Are Promised: A foundational learning path designed to transition a complete beginner into an expert in stock trading, backed by interactive assignments and personal study files.
Is The Trade Room Course Trustworthy? Red Flags to Watch For
Many retail students ask themselves if an expensive course automatically guarantees premium results.
While their online presence is polished, a closer look at the actual student experience and official records reveals serious red flags that leave your money completely exposed.
Before handing over your hard-earned money, you must ask a critical question: Is your stock market course provider authentic?
Let’s look at the facts:
1. Total Absence of SEBI Registration
Official regulatory records do not show any SEBI registration for Mayank Raj or The Trade Room as a Research Analyst or Investment Adviser.
While they position themselves strictly as “educators” to bypass strict market rules, selling expensive trading strategies without a license leaves students with zero regulatory protection if the advice causes heavy losses.
2. The Disappearing Content Trap
A major operational breakdown inside their system is the sudden loss of course access.
Students who pay for the course find that after their payment goes through, the promised video modules are completely missing, empty, or un-uploaded, leaving them with an empty dashboard.
3. The Defective Application
The platform delivers its material through a buggy app infrastructure.
Users report that while trying to study, the application suddenly freezes, refuses to load subsequent chapters, and collapses into a blank black screen upon reboot, rendering the paid product completely unusable.
4. Unfulfilled Schedules and Missing Support
The platform creates an illusion of structured mentorship by promising a complete three-month curriculum with regular live doubt-clearing sessions.
In reality, video uploads frequently stop for weeks at a time, doubt sessions are skipped entirely, and the support team completely blocks or ignores chat queries inside the app.
5. The 1.1 Million Follower Instagram Trap
Mayank Raj has a massive presence with over 1.1 million followers on Instagram. He also runs “The Trade Room” app on the Google Play Store.
But if you look at his official Instagram bio, it says something completely different. It literally reads: No course, No call/tips, No Premium Telegram.” This creates a major trap for regular students.
His bio claims he doesn’t sell any paid courses, yet the app actively collects thousands of rupees for premium price action training.
This massive contradiction makes it incredibly easy for his team to avoid accountability when your paid videos suddenly disappear.
The Trade Room Course Reviews
When you watch your remaining trading balance disappear after taking high-risk derivative calls inside a mentorship group, seeing the mentor post a profit screenshot can feel like a direct insult.
Real students have shared their detailed, independent stories on public grievance portals regarding the operational gaps they faced inside the program.
1. Lack of Content and Support
One verified student shared a deeply frustrating experience on a public consumer forum after buying the basic-to-advanced price action curriculum.
The user stated that they paid the upfront fee on July 20, 2025, but when they logged into the platform, they found that not a single training video was actually available.
To make matters worse, the moment the transaction cleared, the entire support team went completely cold.
The student detailed trying to get help through email, private chat, and even reaching out publicly on their YouTube channel.
But they received absolutely no response from the mentor or his team, leaving them feeling completely abandoned.
2. Technical Malfunctions and App Bugs
Another individual student detailed a severe technical breakdown that locked them out of the educational material they paid for.
The user reported that while they were actively studying, the application suddenly glitched and refused to load the next lesson.
When they restarted the platform, the entire interface collapsed into a blank, black-and-white screen that completely blocked them from navigating the course.
The subscriber was deeply angry about the broken app interface. They specifically called out the platform’s official marketplace description.
They stated that the “About App” text is highly misleading to retail buyers who expect a functioning product.
3. Failure to Meet Program Commitments
A third independent subscriber posted a highly emotional warning advising other retail traders to avoid this training program at all costs. 
The student paid ₹6,000 based on a promise from the mentor, Mayank. Mayank assured them the complete strategy would be taught within a strict three-month window.
However, after just one month, video uploads stopped completely for over two weeks.
Additionally, the live doubt-clearing sessions were never conducted. The user expressed intense regret over making the worst financial decision of their life.
They noted that the team refuses to respond to any chat queries inside the app.
How to File a Complaint Against The Trade Room?
Because the platform operates without any formal SEBI registration, you cannot use standard investor portals like SCORES or SMART ODR directly.
However, running an unlicensed advisory or misleading educational setup is serious, and you can take a direct route to report them and pursue your money.
Step 1: Organize Your Evidence
Before you contact any team or authority, you must organize your evidence into a clean, unedited file.
Take clear screenshots of the chat logs, app dashboards, or Telegram groups where they promised specific timelines, stock updates, or course access.
Save your UPI receipts, bank transfer statements, or credit card invoices showing the exact fees paid, and compile everything into a single PDF.
Step 2: File a Complaint with the Entity
You must create a formal paper trail by reaching out to the course support team directly.
Send a clear email to their official support address, using a direct subject line like “Official Grievance Redressal – Service Misrepresentation and Subscription Fee Refund Demand”.
Attach your organized evidence ledger and point out the unfulfilled promises regarding missing videos and broken app screens.
Step 3: Mail Directly to SEBI
Since they are operating without a registration number while offering stock market training and trade advice, you can report them to the market regulator for running an unregistered service.
Send an official email directly to SEBI’s main grievance cell.
Provide a clear timeline of how your money was taken under the guise of stock market expertise, attach your screenshots showing their commercial activities, and request an institutional investigation into an unlicensed entity.
Step 4: Follow Up and Escalate
Do not let your complaint sit idle without an answer. If the entity ignores your direct refund email after 7 days, follow up on your email thread daily to maintain pressure.
At the same time, keep a close watch on your communication with the regulator, as SEBI frequently issues public warnings or cease-and-desist actions against unlicensed individuals who illegally market stock setups to the public.
Need Help?
Watching your hard-earned savings disappear into a paid program that leaves you locked out is a deeply exhausting experience.
You invested in The Trade Room Course expecting professional mentorship, only to be met with missing video modules, a broken application interface, and a support team that has gone completely silent after taking your payment.
Navigating regulatory complaints alone while dealing with financial loss can be overwhelming. That is where a structured approach makes a difference.
If you want your subscription money back, you need to stop dealing with this stress alone. We specialize in helping retail students document these specific failures to construct a proper refund case that the platform cannot ignore.
Register with us today to get direct support in documenting your missing content and starting your formal refund process immediately.
Conclusion
The Trade Room Course markets itself as a solution for retail traders, but the reality for many students is a cycle of empty promises, technical failures, and silence.
Paying for a mentorship program that leaves you locked out of your course materials or forces you to deal with a broken app interface is not acceptable.
You are not responsible for the platform’s operational failures or its lack of regulatory compliance.
If you have been misled by these empty promises, take immediate action to document your experience and demand your money back.
Stop waiting for a response that isn’t coming; use the steps outlined above to build your refund case and hold this operation accountable.
Legal Disclaimer: The information provided in this blog post is for educational and informational purposes only and is based entirely on publicly available user reviews, consumer grievance forum filings, regulatory guidelines, and feedback shared by retail investors on public platforms. We do not make any independent legal claims, accusations, or definitive assertions regarding the character, legitimacy, or operational authenticity of The Trade Room Course or its associated individuals.
Frequently Asked Questions
1. Can I get my course fees back if the mentor’s trading setups cause heavy losses?
Yes, you have the legal right to demand a refund if you can prove that the platform used misleading advertisements, deceptive win-rate metrics, or unfulfilled promises to capture your money.
By organizing your UPI receipts and chat screenshots, you can file a case with the National Consumer Helpline to recover your fees.
2. Is an online trading mentor allowed to give direct buy and sell tips without SEBI registration?
Absolutely not. Under strict SEBI regulations, an individual cannot provide specific, real-time trading recommendations under the guise of “educational training” unless they hold a valid Research Analyst or Investment Adviser license.
Running an unlicensed tip group under an educational brand name is a direct violation of securities laws.
3. Why do trading communities hide their refund terms deep inside their checkout pages?
They purposefully hide strict “no-refund” policies in the fine print to strip retail users of their financial leverage.
This allows the platform to reject your refund claims automatically if you discover that the premium course curriculum consists of basic, low-quality information copied from the public domain.
