Quick Summary
The Trade Room runs a Telegram channel with over 3,50,000 subscribers, describing itself as educational only. In practice, the channel posts directional calls on Silver and BTC, promotes a CoinSwitch referral partnership, and consistently funnels followers toward a paid course with a documented complaint pattern. Neither Mayank Raj nor The Trade Room holds SEBI registration as a Research Analyst or Investment Adviser. This blog breaks down what the channel actually posts against what it claims, and what to do if you’ve already paid into anything tied to it.
The Trade Room’s Telegram channel has crossed 3,50,000 subscribers, and its own description says it offers educational content only.
That sounds reassuring on paper. A closer look at what the channel actually posts tells a more layered story.
Some of it sits in a genuine regulatory grey zone. Some of it is a documented, recoverable consumer problem.
Before you trust either the channel or its claims, it helps to separate the two clearly.
The Trade Room Telegram Channel Review
The Trade Room operates a Telegram channel, a YouTube channel, and a paid course platform under one brand.
Mayank Raj founded the operation and describes himself as a trader with more than four years of experience across Indian stocks, crypto, and forex.
The channel posts trade screenshots, market commentary, and partner offers, all aimed at retail traders looking for daily market direction.
The official channel bio adds one more detail: it states that the operator runs no paid Telegram channels, VIP groups, or signal services.
That claim sets the standard against which the channel’s actual posts need to be checked. The next section breaks that down point by point.
Is The Trade Room Telegram Channel Legit?
Before deciding whether a Telegram channel is trustworthy, it is important to compare its public claims, disclaimers, and actual content shared with subscribers.
Here is where the gap between the disclaimer and the actual posts starts to show.
1. The Channel Holds No SEBI Registration
Mayank, who runs The Trade Room, has no registration as a SEBI Research Analyst or Investment Adviser, and their YouTube channel’s own description confirms this.
SEBI permits only a registered Research Analyst or Investment Adviser to give the public a recommendation on a security or commodity derivative, whether for a direct fee or any other commercial benefit.
That registration gap matters most once you look at what the channel actually posts.
2. The Channel Disclaims Recommendations, Then Posts Market Direction Calls
One post calls Silver “sitting on a very strong support” with indirect buy & sell recommendations and giving tips in the chat.
Another post gives a multi-week bearish view on BTC/USDT with entry and exit prices.
Silver trades as a commodity derivative on MCX, which falls inside SEBI’s regulatory perimeter; BTC does not, since crypto isn’t a security under Indian law.
The channel shares profit screenshots from CoinSwitch PRO Futures trades with no research, analysis, or rationale attached to the position.
SEBI treats a specific, directional call on a security or commodity as a recommendation regardless of the disclaimer text sitting next to it.
That same gap between wording and substance carries over into the next post, this time tied to a referral arrangement.
3. A Disclosed Partnership Promotes a Platform With Its Own Regulatory Warning
The post openly states that the channel arranged a benefit with CoinSwitch: a 50% fee discount for the channel’s audience, tied to a referral link.
The post then describes this as “no push, just sharing something I personally found useful,” which softens what is, in substance, a paid promotion tied to sign-up volume.
SEBI’s 2023 consultation paper on finfluencers flags referral-commission structures like this one as a concern, even though CoinSwitch itself sits outside SEBI’s jurisdiction.
That promotion also skips over CoinSwitch’s regulatory record outside India.
In May 2024, the UK’s Financial Conduct Authority placed “CoinSwitch: Bitcoin Crypto App” on its consumer warning list.
With these three points laid out, the next section asks the question that investors actually came here for.
Is The Trade Room Telegram Channel Safe?
The honest answer isn’t a simple yes or no. The channel’s conduct splits into two separate problems.
The market commentary and CoinSwitch promotion sit in a genuine grey zone, close to a line without a confirmed violation on the evidence available.
The paid-course pattern is different. That one is a documented, repeating consumer complaint, not a grey area at all.
The channel consistently directs followers to download a dedicated app to purchase and access its courses. That referral chain is where the complaints begin.
One student’s July 2025 course purchase is worth knowing here too, since it shows exactly what happens once someone follows this channel’s course link.
That case, along with two other named complaints, is covered in full in our The Trade Room review.
Beyond individual cases, multiple published reports identify scammers actively using “Trade Room” branding to approach investors with illegal, profit-sharing account-handling arrangements.
\Impersonation under this name is an active, documented pattern, not a theoretical risk.
What Investors Must Keep in Mind?
Before joining any premium group or paying for any course tied to a Telegram trading channel, a few checks go a long way.
- Search any registration number the channel displays on SEBI’s official registry, and confirm the name on the registry actually matches the person running the channel.
- Remember that “FIU-registered” relates to anti-money-laundering compliance for crypto platforms, not to trading safety or SEBI clearance.
- Treat profit-and-loss screenshots as marketing material, not as evidence of a consistent track record.
- Never hand over broker login details or trading account access to anyone, regardless of what they promise to do with it.
- Keep payment receipts and chat records before paying for any course, since that evidence becomes essential if delivery fails later.
These checks protect an investor before money changes hands. The next section covers what to do after it has already been done.
Not sure whether what you paid for or were promised counts as something you can actually report?
We help you file the right complaint with the right authority, from organising your evidence to writing the complaint itself.
How To Complaint Against Unregistered Telegram Channel?
Which route applies depends on exactly what went wrong, and more than one can apply if your situation involves both a paid course and a scam approach.
Start by pinning down what actually happened to you.
A paid course that never delivered, a profit-sharing trading arrangement, and a straightforward complaint against an unregistered telegram channel each move through a different process, and picking the wrong one just slows you down.
If someone offered to manage your trades for a cut of the profits, that’s a different problem entirely, and a more urgent one. This is a textbook impersonation scam, and no written complaint alone moves fast enough once money has actually left your account.
In that case, stop all further contact with the person immediately and get a report filed at the cyber crime portal within hours, not days, since a fast filing meaningfully improves the odds of a bank freeze on the transferred funds.
For anything that comes down to unregistered advisory activity specifically, whether it’s a misleading call dressed up as education or a paid tip service with no license behind it, our guide on how to complaint in SEBI walks through exactly what SEBI needs from you to act on it.
Conclusion
The Trade Room is really three separate things wearing one name. The educational app is genuine.
The paid course carries real, documented problems, no regulatory protection, disappearing content, and a support team that goes quiet once payment clears.
And separately, scammers have weaponised the same name to run outright fraud through WhatsApp and Telegram.
None of this is about one company or one bad actor. It’s about a pattern: popularity attracts both legitimate confusion and deliberate impersonation, and only careful verification protects you from either.
If you’re facing a course dispute, document everything and follow the consumer and SEBI route. If you’ve been targeted by someone promising to trade on your behalf, that’s not a grey area; report it immediately through cyber crime channels.
Report. Recover. Stay Fraud Free.
No. The channel's own description confirms it holds no SEBI registration as a Research Analyst or Investment Adviser. This falls under the Consumer Protection Act, 2019, and can be filed through the National Consumer Helpline or the e-Daakhil portal. No. Only a full Portfolio Manager licence permits anyone to trade on a client's behalf. No. FIU-IND registration only confirms anti-money-laundering compliance, not trading safety or investment protection.Frequently Asked Questions
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