Quick Summary
Trade Aura Research holds SEBI registration INH000010292 and offers eight plan categories with monthly, quarterly, and half-yearly pricing. The Index Combo Half Yearly plan costs ₹2,10,000, exceeding SEBI’s ₹1,51,000 annual fee cap in a single billing cycle. Seven complaints were filed between 2023 and 2025, all resolved. The complaint disclosure stopped updating after October 2024. Marketing implies expertise while the disclaimer denies any performance assurance. This page covers all of it before you pay.
You found Trade Aura Research while looking for research tips. The website looks professional. The plans are clearly listed. The SEBI badge is visible.
What is not visible on that homepage is what a single plan actually costs against SEBI’s yearly limit.
When the complaint disclosure last updated, and what the firm’s disclaimer says about the expertise its marketing just promised you.
This Trade Aura Research reviews blog covers all three. Not to tell you what to decide, but to make sure you are deciding with the right information.
What Trade Aura Research Says It Offers?
Trade Aura Research describes itself as a next-generation equity research and advisory firm based in Indore.
Its website lists research reports across multiple asset classes, intraday trading calls for equity, commodity, and currency markets, risk management strategies, technical analysis-based recommendations, and investor education content.
That is a wide service range for a sole proprietorship.
Whether the breadth of offerings reflects genuine capacity or marketing ambition is something only a paying subscriber can verify from experience.
What can be verified independently is the pricing, the complaint record, and what the disclosures say.
Trade Aura Research Pricing: The Full Table
The firm offers eight plan categories with monthly, quarterly, and half-yearly options. All prices below are as listed on the firm’s own website. GST at 18 percent applies separately to each.
|
Plan |
Monthly | Quarterly | Half Yearly |
|---|---|---|---|
| Stock Cash | ₹15,000 | ₹35,000 |
₹60,000 |
|
Stock Future |
₹17,000 | ₹42,000 | ₹70,000 |
| Stock Options | ₹35,000 | ₹85,000 |
₹1,45,000 |
|
Nifty Future and Options |
₹21,000 | ₹55,000 | ₹90,000 |
| Bank Nifty Future and Options | ₹21,000 | ₹55,000 |
₹90,000 |
|
Index Combo |
₹55,000 | ₹1,35,000 | ₹2,10,000 |
| Commodity Future and Options | ₹35,000 | ₹85,000 |
₹1,45,000 |
|
Equity Research Report |
₹8,000 | ₹20,000 |
₹36,000 |
Trade Aura Research The Fee Cap Problem
SEBI sets a maximum fee of ₹1,51,000 per financial year per client across all research analyst subscriptions combined from one registered RA.
The Index Combo Half Yearly plan is priced at ₹2,10,000. That single plan exceeds the annual cap before the financial year is even halfway through.
The Stock Options and Commodity Future and Options half-yearly plans are each ₹1,45,000. Subscribing to either of those and adding any other plan in the same year pushes the combined total over the limit.
The firm does not appear to disclose the ₹1,51,000 cap anywhere on its pricing pages or during the subscription process.
An investor combining multiple plans would have no visible warning that they are approaching or exceeding the regulatory ceiling.
If fees you paid in any financial year exceeded ₹1,51,000 across all Trade Aura Research subscriptions, the excess may be recoverable under SEBI’s Research Analyst Regulations.
For the complaint process including how to calculate the excess and how to file on SEBI SCORES, the full guide is here. Read is Trade Aura Research real or fake and what to do if something went wrong.
Trade Aura Research Complaint Disclosure
SEBI requires every registered Research Analyst to publish investor complaint data and update it by the 7th of every month.
Trade Aura Research’s published disclosure shows the following figures.
|
Financial Year |
Received | Resolved | Pending |
|---|---|---|---|
| 2022-23 | 0 | 0 |
0 |
|
2023-24 |
3 | 3 | 0 |
| 2024-25 | 4 | 4 |
0 |
|
Total |
7 | 7 |
0 |
Seven complaints in two active years, all resolved. The resolution record appears clean.
The problem is what comes after October 2024. No monthly update appears after that date.
For a firm that SEBI requires to update complaint data every single month, a gap of more than a year in a mandatory disclosure is a compliance question worth asking.
Whether the firm received complaints in FY 2025-26 and did not disclose them, or genuinely received none, investors looking at the disclosure page cannot determine either answer.
The data simply stops.
What the Trade Aura Research’s Marketing Says vs What the Disclaimer Says?
Trade Aura Research’s website tells prospective subscribers they can trade like someone with 25 years of stock market experience by following the firm’s instructions.
The firm’s own disclaimer, which appears a few clicks away, says SEBI registration does not guarantee performance, no returns are assured, and investments remain subject to market risk.
Both statements are on the same website. One drives the purchase decision. The other limits legal exposure after the purchase is made.
SEBI’s Advertisement Code requires research analyst marketing to be fair, clear, and not create misleading impressions about likely outcomes.
When the marketing says one thing and the legal disclaimer walks it back entirely, investors are left to decide which version actually reflects what they are buying.
How Trade Aura Research Accepts Payments?
The firm’s website lists bank account details, a QR code, and a UPI ID for collecting subscription fees.
SEBI requires registered research analysts to collect all fees through the firm’s official registered bank account. Payments through personal accounts or personal UPI IDs are not permitted.
Before making any payment, confirm that the account name in the payment details matches Trade Aura Research or Bharat Rathode as the registered entity, and not an unrelated personal name.
If the account holder name does not match the registered business identity, that is worth clarifying before funds are transferred.
Who Is Behind Trade Aura Research?
Bharat Rathode is the registered proprietor and the individual SEBI licence holder for Trade Aura Research. The registration is in his personal name, not in the name of a company.
His name does not appear on the firm’s website as the owner or proprietor. It appears only as “research analyst.”
The ownership information becomes visible only when you cross-check the registration on SEBI’s intermediary register.
For the full breakdown of what his individual registration means and how it affects your position in a formal complaint, the owner page covers every aspect.
Read who the Trade Aura Research owner is and what individual registration means for investors.
Conclusion
Trade Aura Research is a SEBI-registered firm with a published pricing structure, a complaint record showing seven resolved cases, and marketing claims that its own disclaimer does not support.
The pricing table shows plans that exceed SEBI’s annual fee cap within a single billing cycle. The complaint disclosure has not updated since October 2024. The marketing and disclaimer send different signals to the same prospective subscriber.
None of these points alone tells you what decision to make. Together they tell you what questions to ask before making one.
Our team files your SEBI SCORES complaint, prepares the documentation, and represents you through SMART ODR and arbitration.
Frequently Asked Questions
Trade Aura Research holds active SEBI Research Analyst registration INH000010292 in the name of proprietor Bharat Rathode. It is authorised to operate. Whether the pricing, disclosures, and marketing practices meet the standards investors should expect is a separate question that this review addresses in detail.
The Index Combo Half Yearly plan is listed at ₹2,10,000 before GST. This single plan exceeds SEBI's ₹1,51,000 annual fee cap for research analyst services in a single six-month billing cycle.
The firm's mandatory SEBI complaint disclosure shows 7 complaints received between FY 2023-24 and FY 2024-25, all marked as resolved. No monthly update appears after October 2024, despite a SEBI requirement to update by the 7th of every month.
Calculate the total fees you would pay across all subscriptions in the same financial year. SEBI caps the combined annual fee from one registered RA at ₹1,51,000. Confirm the payment account name matches the registered business identity. Read the disclaimer on the same visit you read the marketing material so you see both messages together.
The firm's published policy states that payments are final and non-refundable after purchase. However, SEBI's December 2024 Research Analyst Regulations amendment requires registered RAs to refund the pro-rata unused portion of advance fees on early exit with no cancellation penalty. SEBI's regulation overrides any firm-level policy.
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