Quick Summary
Trade With Mohit Agrawal is a SEBI-registered Research Analyst practice run by Mohit Agrawal, under registration number INH000011954, based in Vadodara, Gujarat. One page on its own site describes the business as an “award-winning investment advisory firm,” a different SEBI-regulated category entirely from the Research Analyst registration actually held. Its complaint disclosure was filed 13 days late, shows a jump in complaints during January 2026, and reports different totals for the same financial year across two of its own tables. Its Telegram presence also carries content this review treats with caution rather than certainty. This guide covers all of it in full.
Trade with Mohit Agrawal promises research-backed calls across equity, commodities, and even a training course, all under one SEBI registration.
But one page on its own site calls the business an “award-winning investment advisory firm,” a label its registration doesn’t actually cover.
Trade With Mohit Agrawal Review
Trade With Mohit Agrawal offers stock market research across Intraday, Short Term, Medium Term, and Long Term trading, covering Equity, Cash, Options, Futures, Stock Options, and Index Options under one combined Equity plan.
It also lists coverage across Gold and Silver, Crude and Natural Gas, and Metals and Base Metals under a separate Commodities section, plus a standalone Technical Analysis Training course.
The business describes itself as having grown from a single Telegram channel into what it calls the most popular trading community with a large following, and maintains a YouTube channel with roughly 4,700 subscribers, alongside an Instagram profile whose link does not currently open.
Is Trade With Mohit Agrawal SEBI Registered?
Yes. Mohit Agrawal holds a valid SEBI Research Analyst registration under number INH000011954, granted March 24, 2023, and also holds BSE Enlistment Number 5763.
This registration is worth reading carefully, because it becomes directly relevant to the next section. A Research Analyst registration permits publishing research and sharing buy, sell, or hold recommendations.
It is a separate SEBI category from an Investment Adviser registration, which covers personalised advisory services and carries its own distinct rules and registration number format.
Is Mohit Agrawal a Research Analyst or an Investment Adviser?
This is one of the more significant findings in this review, and it comes directly from the firm’s own website.
Everywhere on the site’s homepage and footer, Mohit Agrawal is described as a SEBI Registered Research Analyst, with registration number INH000011954 displayed consistently.
On the Services page, under the “Medium Term” tab specifically, the description changes entirely: “Trade with Mohit Agrawal Investment Advisors, an award-winning investment advisory firm registered with SEBI, offers the best investment plans in the share market for medium-term investors.”
These are two different, separately regulated categories under SEBI, and the site does not display any Investment Adviser registration number to support this second description.
Only the Research Analyst number, INH000011954, appears anywhere on the site.
The “award-winning” claim attached to this description is also unverified.
No award name, issuing body, or year is shown alongside it anywhere on the site.
Before relying on any Medium Term plan specifically, ask directly which registration actually governs that service, and ask to see the Investment Adviser registration number if one is being claimed.
Also read: Niveshartha Private Limited, whose algorithmic product activities sit outside what an RA registration actually permits.
What Does Trade With Mohit Agrawal Charge?
The homepage displays two plans with visible pricing, plus a Commodities section with no pricing shown at all.
Equity Plan
| Duration | Listed Price | Struck-Through Original Price |
|---|---|---|
| 1 month | ₹4,000 | Not applicable |
| 2 months | ₹5,000 | ₹8,000 |
| 3 months | ₹6,000 | ₹12,000 |
| 6 months | ₹9,000 | ₹24,000 |
| 12 months | ₹15,000 | ₹48,667 |
Technical Analysis Training
A flat fee of ₹13,000 is listed, with no information shown about course duration, curriculum, number of sessions, or specific deliverables.
Three specific issues came up when reviewing this pricing structure.
1. Steep, Unexplained Discounts
Every plan beyond the 1-month option shows an original price struck through against a significantly lower current price, in some cases discounted by close to 70 percent.
No basis for these discounts, such as a limited-time offer or a specific promotional period, is explained anywhere on the page.
2. Vague Plan Coverage
The Equity plan states it covers “Equity, Cash, Options, Future, Stock Options & Index Options” as one bundle, without specifying the number of calls or recommendations included, or what specifically differs between the 1-month and 12-month tiers beyond price.
3. The Commodities Plan Lists No Price at all
Gold and Silver, Crude and Natural Gas, and Metals and Base Metals are all listed as coverage areas, but unlike the Equity plan and the Training course, no price appears anywhere in this section.
A fourth issue involves the actual checkout process.
The “Buy Now” button for the Equity plan does not complete a purchase on tradewithmohitagrawal.com itself.
It redirects to an external third-party platform, superprofile.bio, where the transaction is actually completed.
Confirming that any payment made through a third-party checkout page is still going to the RA’s own official account, not a personal one, is worth doing before you pay.
What Marketing Claims Does Trade With Mohit Agrawal Make?
The homepage states “Over 1 Million users on free channel.” No supporting data or source is shown for this figure anywhere on the site.
Checking the actual Telegram channel directly shows a subscriber count in the low hundreds of thousands, not over a million.
This is a significant gap between the number displayed on the homepage and what the channel itself shows.
Several testimonials on the homepage reference trading performance and profit directly.
One, attributed to a user named Giriraj M., describes a “significant improvement in my trading performance” after switching to the service.
Others reference achieving “consistent profits” and having a trading experience described as “seamless and profitable.”
Testimonials that specifically credit a service with improved trading performance or consistent profits sit close to the kind of performance-based promotional content SEBI’s Advertisement Code for Research Analysts is meant to restrict.
A Research Analyst is not permitted to imply guaranteed or consistent profit outcomes, and testimonials repeating that exact framing raise the same concern even when the words come from a named user rather than the firm itself.
Trade With Mohit Agrawal Telegram Channel
This section needs to be read carefully, because not everything visible in and around this channel can be confidently attributed to Mohit Agrawal’s own team.
The main channel, branded Trade With Mohit Agrawal, carries a subscriber count in the hundreds of thousands.
Its own pinned message states directly that certain advertisements appearing near or below the channel’s content are not from the official group, meaning some of what a visitor might see in that space is third-party advertising rather than content the RA created himself.
Patterns Worth Flagging in and Around the Channel
With that caveat clearly stated, a few patterns worth flagging appeared in connection with this channel environment.
- Daily “success” content: Screenshots described as showing user profits circulate regularly, a pattern that, regardless of who specifically posts it, is the kind of unverifiable performance display investors should treat with skepticism.
- Specific-return investment offers: Content referencing exact figures, such as investing a set amount and receiving a specific larger amount back within a stated time window, appeared in connection with the channel.
No SEBI-registered Research Analyst is permitted to offer or facilitate guaranteed-return investment schemes of this kind.
Whether this specific content originates from the official channel or from a third party, given the pinned disclaimer above, could not be confirmed for this review.
- A “VIP channel” recruitment pattern, offering free access to an initial small number of members before requiring payment from everyone after, appeared in the same environment.
- Messages using a “zero to hero” framing with specific trade quantities also appeared, presented alongside targets and stop-loss levels for real market positions.
Given the channel’s own disclaimer about third-party ads, the safest approach for any subscriber is to treat every specific-return offer, payment request, or “helpline” contact appearing in or around this channel with equal caution, regardless of whether it displays the official branding.
Confirm any payment request directly through Mohit Agrawal’s official website contact details before sending money to any account referenced inside the Telegram environment.
What Does Trade With Mohit Agrawal’s Complaint Data Show?
SEBI requires every registered Research Analyst to publish complaint data on a monthly basis, updated by the 7th of every month, alongside annual and unique-client trend summaries.
Monthly Complaint Summary
| Source | Pending at Start | Received | Resolved | Total Pending | Pending Over 3 Months | Avg. Resolution Time |
|---|---|---|---|---|---|---|
| Directly from Investors | 0 | 3 | 3 | 0 | 0 | 5 days |
| SEBI (SCORES) | 0 | 0 | 0 | 0 | 0 | 0 days |
| Other Sources | 0 | 0 | 0 | 0 | 0 | 0 days |
| Grand Total | 0 | 3 | 3 | 0 | 0 | 5 days |
Monthly Disposal Trend
| Period | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| January 2026 | 0 | 3 | 3 | 0 |
| December 2025 | 0 | 0 | 0 | 0 |
| November 2025 | 0 | 0 | 0 | 0 |
| Previous months, FY 2025-26 | 0 | 14 | 14 | 0 |
| Grand Total | 0 | 17 | 17 | 0 |
Annual Disposal Trend
| Year | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| FY 2025-26 | 0 | 17 | 17 | 0 |
| FY 2024-25 | 0 | 17 | 17 | 0 |
| Grand Total | 0 | 34 | 34 | 0 |
Unique Client Complaint Trend
| Year | Unique Clients | Total Received | Resolved | Pending |
|---|---|---|---|---|
| FY 2025-26 | 4 | 14 | 14 | 0 |
| FY 2024-25 | 4 | 13 | 13 | 0 |
Four specific issues came up when comparing these tables against each other and against SEBI’s own timeline requirements.
1. A Clear Rise in Complaints During January 2026
Three complaints arrived in January 2026 alone, against 14 across the rest of FY 2025-26 combined, bringing the year’s total to 17.
2. The Monthly Disclosure Was Filed 13 Days Late
The complaint page shows a January 20, 2026 update date.
SEBI requires this disclosure to be updated by the 7th of every month, which puts this specific update 13 days past that deadline.
3. FY 2024-25 Shows Two Different Totals Across Two Tables
The Annual Disposal Trend table reports 17 complaints received in FY 2024-25.
The Unique Client Complaint Trend table reports only 13 total complaints received by unique clients for the same financial year.
Both figures are published by the same firm, describing the same period.
4. A Small Number of Clients Account for a Disproportionate Share of Complaints
FY 2025-26 shows 14 total complaints from just 4 unique clients, an average of three and a half complaints per complaining client.
This pattern is worth understanding directly, since it suggests either repeated unresolved concerns from the same few relationships, or several separate issues raised by a small, specific group of clients.
Also read: Nexus Research, whose own complaint disclosure shows mismatched totals across its monthly & annual tables, alongside above-fee-cap pricing.
What Other Website Issues Did This Review Find?
The FAQ section on the Services page contains only generic, textbook-style questions, such as the difference between a stock and a mutual fund, or between a market order and a limit order.
None of the listed questions address the actual paid subscription, its refund terms, how many calls or recommendations a paying client receives, or what happens if a call results in a loss.
For a page meant to help a prospective paying client decide, this is a notable gap in the kind of information a FAQ would typically be expected to cover.
How to File a Complaint Against Trade With Mohit Agrawal?
If your experience did not match the pricing shown, or you have questions about which registration actually governs a Medium Term or advisory-style service, start by saving your subscription confirmation, payment records, and any screenshots of the specific plan description you relied on.
Reading through the general complaint against SEBI registered research analyst process first will help you understand what to expect at each stage of escalation.
Raise your concern in writing with Mohit Agrawal directly before escalating further, and keep a dated copy of what you sent.
If that does not resolve the matter, the SEBI SCORES portal is where you file formally, citing registration number INH000011954 and attaching your documentation.
Keep the acknowledgement SEBI issues once your complaint is registered, since you will need that reference number for any further escalation.
Should SCORES not bring resolution, the SMART ODR login offers structured online conciliation between you and the firm.
This stage generally moves faster than a formal hearing, since it focuses on reaching an agreement both sides accept rather than a contested proceeding.
If conciliation does not resolve your dispute, formal stock market arbitration remains the final step available to you.
Confused by the “investment advisory” claim, an unexplained discount, or a payment request from the Telegram channel?
We review the firm’s public disclosures against your own experience and help you build a complaint SEBI will actually act on. Register with us for a free consultation.
Disclaimer: This review is based on Trade With Mohit Agrawal’s own website, its published complaint disclosures, and publicly visible Telegram channel content, and does not constitute a SEBI finding. Content appearing in or around the Telegram channel that the channel itself disclaims as third-party advertising has been treated with corresponding caution throughout this review.
Conclusion
Mohit Agrawal holds a genuine SEBI Research Analyst registration under INH000011954, and Trade With Mohit Agrawal offers research across a broad range of market segments.
At the same time, one page on its own site describes the business as an award-winning investment advisory firm without showing any Investment Adviser registration to support that claim; its Commodities plan lists no pricing at all, its complaint disclosure was filed late and shows a mismatch between its annual and unique-client tables, and its Telegram environment carries content that cannot be confidently attributed to the official team given the channel’s own disclaimer.
Confirm which registration actually governs any specific service before you pay, and treat any specific-return offer inside the Telegram environment with independent verification regardless of its branding.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes, registration number INH000011954 is valid, held by Mohit Agrawal since March 24, 2023. Genuine registration does not resolve the investment-advisory labelling or pricing questions this review covers.
His SEBI registration is specifically as a Research Analyst. One page on his own site describes a "Medium Term" service as coming from an "award-winning investment advisory firm," but no Investment Adviser registration number is shown anywhere to support that description.
Unlike the Equity plan and the Technical Analysis Training course, the Commodities section lists its coverage areas without any listed price, which is worth asking about directly before assuming a specific cost.
Not entirely. Its Annual Disposal Trend table reports 17 complaints received in FY 2024-25, while its Unique Client Complaint Trend table reports 13 for the same year, an unexplained discrepancy between two of its own published tables.
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