A site claiming “Minimum Risk, More Profit” while carrying a SEBI registration sounds reassuring. We’re talking about The Wise Stock, but does that promise hold up once you look a little closer?
Some of the website’s claims and several customer allegations paint a very different picture.
In this review, we examine the verified facts, user reviews, website claims, and the formal complaint process available if you need it.
The Wise Stock Company
The Wise Stock runs out of Bangalore under proprietor Amarjeet Kumar.
The site sells stock and commodity tips across a long list of plans: Cash Basic, Index Basic, Momentum Call, and several HNI-tier packages for futures, options, and index trades.
Calls go out over SMS and instant messengers, and the site pushes a “Request a Call Back” form on nearly every page.
It’s a sales-heavy setup, and that alone isn’t unusual for this space.
What matters more is whether the paperwork behind it holds up.
Is The Wise Stock SEBI Registered?
Yes, it is. Registration number INH000015190 belongs to Amarjeet Kumar, proprietor of The Wise Stock, active since February 28, 2024.
That gives the entity nearly two and a half years of operating history under this registration.
A number this specific and independently checkable is a good sign on its own, but it’s still just the entry ticket, not the whole show.
With a rise in cases concerning SEBI registered research analyst fraud in India, investors are quickly learning that having a valid license doesn’t automatically mean an advisory’s day-to-day practices are flawless.
What Does SEBI Registration Actually Allow?
Registration means Amarjeet Kumar cleared SEBI’s entry requirements to operate as a Research Analyst.
It doesn’t mean every claim on the website that follows has been checked or approved by SEBI.
Think of it as a driving license, not a guarantee you’ll never get into an accident.
The badge confirms eligibility, not conduct, so the rest of this review is about the conduct.
The Wise Stock Reviews
Every SEBI-registered RA has to publish a trend of annual disposal of complaints.
The Wise Stock does have this table on its site, and here’s what it shows:
| Sr. No. | Year | Received | Resolved | Pending | Resolution Time |
| 1 | 2023-24 | 0 | 0 | 0 | NA |
| 2 | 2024-25 | 3 | 3 | 0 | 0 |
| 3 | 2025-26 | 0 | 0 | 0 | 0 |
| Grand Total | 3 | 3 | 0 | 0 |
Three complaints came in during 2024-25, and all three show as resolved with zero pending.
No complaints were recorded for 2023-24, the recently concluded 2025-26 fiscal year, or the current ongoing year cycle so far.
Whether “resolved” reflects the investor’s own satisfaction with the outcome is a separate question this table alone can’t answer, which is where independent reviews become useful.
So the paperwork side gives a mixed picture.
What about people who’ve actually paid for the service?
1. Allegedly Being Told to Keep Averaging a Losing Position
One reviewer alleged a pattern where the team kept asking them to average their position until expiry, even as the trade kept failing.
When it didn’t work out, the excuse was that the market didn’t react to the news the way they expected.
By the time this played out, most of the reviewer’s capital was gone, and the team reportedly asked for more funds, promising a recovery that never came.
2. Calls Based on Feel, Not Any Visible Method
Another reviewer said the team doesn’t appear to use any consistent charts or indicators.
According to this review, calls seemed to follow how the team thought the market would move, rather than a documented process.
This reviewer’s advice was blunt: don’t take stock market guidance from them. Again, this is one person’s account, but it’s a claim worth knowing before you pay.
3. Allegation of Hidden Fees and No Response After Payment
A different reviewer described losing ₹2 lakh in a single trade. After paying for a monthly package, they said calls stopped being answered entirely.
The reviewer ended by asking publicly who they could even complain to.
That question matters because it’s exactly what the rest of this blog is about to answer.
4. Marketing Promises vs. Actual Experience
A fourth reviewer described a highly misleading experience where the service’s upfront marketing promises did not match the actual reality of trading with them.
He also noted that he was hit with extra fees that had not been clearly disclosed or explained before he signed up.
Because the reality of the service differed so sharply from what was promised, this reviewer labeled the entire experience as a scam and explicitly warned other investors to perform thorough research before handing over any money.
When multiple independent traders complain about the same issues, it’s no longer a coincidence; it’s a clear warning sign.
How to Protect Your Money Before Paying The Wise Stock?
Remember the reviewer kept averaging into a losing position until their capital was gone?
The reviews above point to a recurring pattern: pressure to keep adding funds to a losing trade, calls that go silent right after payment, and fees that don’t match what was promised upfront.
Protect yourself by setting your own stop-loss before making a trade.
Make sure you fully understand the risks, fees, and refund policies on paper instead of just trusting what a salesperson tells you over the phone.
The homepage headline “Minimum Risk, More Profit” and the promise to pick strategies “to assure clients’ profitability” both edge toward the return-assurance language RAs aren’t allowed to use.
None of this means fraud is confirmed.
But it does mean the burden of checking falls on you, not on the badge.
So, take notes on these points:
- Read the refund policy fully, not just the headline: Contradictions often hide a few lines down.
- Get fee and profitability claims in writing: Verbal promises are hard to prove later if things go wrong.
- Search independent reviews before you pay, not after: Patterns across multiple reviewers matter more than any single one.
A SEBI registration just means they are legally allowed to give advice; it doesn’t guarantee they will treat you fairly.
At the end of the day, it’s up to you to protect your money before you pay them a single rupee.
That covers what you need to look out for before signing up.
But what if you’ve already paid them and things have gone completely sideways?
Here is exactly what you can do to fight back.
How to Report Against a Research Analyst Online?
Does experience with The Wise Stock match what’s described in these reviews: missed calls after payment, unclear fees, or pressure to keep adding funds?
You have a formal complaint path available regardless of what their own complaint board shows.
Step 1: Contact The Wise Stock Directly
Reach out through their listed contact channels and lay out exactly what was promised versus what happened.
Save a copy of whatever you send as your first piece of proof.
Step 2: File a Complaint in SEBI SCORES
If that doesn’t resolve it, move to SCORES, SEBI’s official complaint tracking system for every registered intermediary.
You’ll get a tracking number and a documented resolution timeline. Attach your screenshots and payment proof directly to this complaint.
Step 3: Escalate Through SMART ODR
If SCORES still doesn’t settle things, SMART ODR brings in a neutral third party to help resolve the dispute faster than jumping straight into arbitration.
It usually costs less time and money than a full arbitration case, too.
Step 4: Share Market Arbitration
Arbitration is the final formal step.
An arbitrator reviews the full case and issues a binding decision that carries real legal weight once it’s final.
Once it’s out, that decision is enforceable like a court order.
Need Help?
Not sure if a mismatched yearly price, a “guaranteed profitability” style claim, or being told to keep averaging a losing position actually counts as a violation?
We help you prepare a well-supported complaint and guide you through filing it via the RA, SCORES, or SMART ODR portal, as applicable.
Register your case with us, and we’ll help you navigate the process from start to finish.
Disclaimer: These reviews are collected from publicly available online sources and are not verified or authorized by any regulatory body. Because they are posted anonymously online, we cannot guarantee the absolute authenticity of these complaints.
Conclusion
The Wise Stock’s SEBI registration is genuine, but registration alone doesn’t verify every claim made on its website or guarantee the quality of its services.
Marketing promises should always be weighed against public disclosures, independent reviews, and the terms you’re actually agreeing to.
If your experience doesn’t match what was advertised, preserve your evidence and use the official grievance process rather than relying solely on online reviews.
The more informed you are before paying, the less likely you are to face avoidable disputes later.
Frequently Asked Questions
1. Is The Wise Stock SEBI registered?
Yes, its registration number INH000015190 has been active since February 28, 2024.
2. Can a Research Analyst promise “minimum risk, more profit”?
No, language that assures profitability edges into the return guarantees SEBI doesn’t allow.
3. What should I do if my RA stops responding after I pay?
Document everything and move straight to a formal SCORES complaint rather than waiting for a callback.
