The Trade Room runs a Telegram channel with over 3,50,000 subscribers. The channel’s own description says it offers educational content only.
That sounds reassuring on paper. However, 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.
Investors need to tell the two apart before they trust either the channel or its claims.
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 different problems:
- The market commentary and the CoinSwitch promotion sit in a genuine grey zone, close to a line without clearly crossing it.
- The paid-course pattern is a documented, repeating consumer complaint, and that one isn’t a grey area at all.
The second problem carries an actual paper trail.
The Telegram channel consistently directs followers to download a dedicated app to purchase and access its courses. That referral chain is where the complaints begin.
Here is a user review: the user describes purchasing the “Basic to Advanced Price Action” course in July 2025, only to find that every video was inaccessible within weeks of payment.
The user attempted contact through email, live chat, and even the YouTube channel directly; no response came from the team through any of those channels.
There are multiple user reviews on the same thing, filed across different time periods, all describing the same outcome: course access lost after payment, and support is completely unresponsive.
Beyond that, multiple published reports identify scammers actively using “Trade Room” branding to approach investors with illegal account-handling arrangements on a profit-sharing basis.
Impersonation under this name is an active and documented pattern, not a theoretical risk.
None of this confusion helps an investor trying to tell a genuine channel from an imitation one.
That overall picture sets up exactly what to do if you’ve already paid for something here.
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.
How To Complaint Against Unregistered Telegram Channel?
The right complaint route depends on exactly what went wrong, and more than one official channel can apply at the same time.
Step 1: Gather Your Evidence First
Collect every screenshot, payment receipt, chat message, and referral link connected to your interaction with the channel before contacting any authority.
A clear, dated evidence trail decides how quickly any complaint actually moves forward.
Step 2: Email Your Complaint to SEBI
As a direct, you can also email your complaint with the evidence attached to the SEBI, mentioning “Unregistered advisory”.
Clearly describe the issue: the course you paid for, the date of payment, and the lack of any response from the entity.
Attach supporting evidence such as payment receipts, screenshots of the inaccessible course, and any unanswered communication attempts.
Step 3: Report Through the Cyber Crime Portal
If money moved out through a referral scheme, an account-handling deal, or a fake course payment, file a report at the cybercrime portal.
Filing within hours of the loss meaningfully improves the chance of a bank freeze on the transferred funds.
Filing the right complaint with the right evidence from day one decides whether any of this money comes back.
Need Help?
If a paid course never got delivered, or a referral-linked platform left you stuck, you don’t have to sort out the right complaint channel alone.
Our team reviews your payment records, screenshots, and communication history to figure out exactly which framework your case falls under.
We then draft the complaint with the right facts in the right format and guide you through filing it with the correct authority.
Register with us and bring the full picture together.
Conclusion
The Trade Room presents itself as an educational channel with no SEBI registration and no recommendations. The reality sits closer to the middle.
Its market commentary edges toward a regulatory grey zone without a confirmed violation on the evidence available.
CoinSwitch promotion presented here rests on a real FIU registration that was never built to certify trading safety, and it overlooks a separate FCA warning against the same platform.
Its paid-course complaints, meanwhile, form a real and recurring pattern, corroborated across more than a year and two separate app stores.
A disclaimer alone never tells the full story. When evaluating any of these groups, you have to ask yourself: Can Telegram trading channels promise safe returns? Ultimately, checking the registration, separating the regulated from the unregulated, and keeping a paper trail remain an investor’s best defense.
Frequently Asked Questions
1. Is The Trade Room SEBI registered?
No, the channel’s own description confirms it holds no SEBI registration.
2. What happens if The Trade Room paid trading course never gets delivered?
This falls under the Consumer Protection Act, 2019, and can be filed through the National Consumer Helpline or the e-Daakhil portal.
3. Is account handling legal under a SEBI Research Analyst registration?
No, only a full Portfolio Manager licence permits anyone to trade on a client’s behalf.
4. Does FIU-IND registration mean a crypto platform is safe for trading?
No, FIU-IND registration only confirms anti-money-laundering compliance, not trading safety or investment protection.
