Wealth Trade Research | Advisory Firm User Reviews

In today’s world, financial independence isn’t a nice-to-have anymore; it’s a must-have.

And the choices you make today, such as the platforms you trust, the advice you follow, the strategies you apply, can either grow your portfolio or quietly drain it.

Chances are, you’ve heard the buzz. The name Wealth Trade Research keeps popping up in investor forums, WhatsApp groups, and trading discussions.

But what’s the real story?

Is it a genuine research-backed platform or just another name riding the market hype?

Could it actually sharpen your trading decisions? Or leave you more confused than confident?

So buckle up. Let’s cut through the noise, ask the right questions, and explore how you can navigate the fast-moving world of trading with clarity, confidence, and precision.

What is Wealth Trade Research?

Wealth Trade Research is a legal and SEBI-registered advisory firm (SEBI Registration No. INH000013165), committed to helping investors navigate the markets with clarity and confidence.

It isn’t about guesswork or hype; it’s about research-backed decisions.

Picture the stock market as a vast, turbulent ocean. Prices rise and fall like waves, news hits like sudden storms, and one wrong move can push you off course.

Wealth Trade Research acts as your experienced navigator, guiding you with a well-marked map and a reliable compass.

Their strength lies in data-driven insights, in-depth technical analysis, and solid fundamental research.

Whether it’s Equities, MCX Commodities, or Nifty and Bank Nifty options, the focus remains the same, turning complex market data into clear, actionable investment strategies.

Instead of drifting on tips or emotions, investors get structured guidance backed by research and discipline.

Whether markets are calm or volatile, Wealth Trade Research helps you stay on course, with confidence, clarity, and compliance at the core.

In short, it’s not just about trading the market. It’s about trading it wisely.

Wealth Trade Research User Complaints

There have been numerous complaints about being defrauded, pressured into taking loans or high-fee packages, receiving promises of unrealistic profits, and experiencing poor service from “Wealth Trade Research”.

People who have invested a lot at the beginning but have suffered great financial losses say that they were constantly pressured to pay more.

Imagine being told that stock market profits are guaranteed, no risk, no stress, just easy money. That’s exactly how this case begins. Here is a detail of the case as narrated by the investor.

Case Study

The complaint centres on Wealth Trade Research, a firm that projected itself as a legal and SEBI-registered advisory company, along with its representatives, Shailender and Ujjwal.

Behind the polished claims, the complainant alleges a very different reality, one marked by unethical conduct and unauthorised trading practices that ultimately led to heavy financial losses.

According to the complaint, the representatives lured the investor with bold promises of assured returns and regularly shared trading tips through WhatsApp calls and messages.

This is an informal and questionable mode for professional investment advice. The complainant, who had little to no active trading experience, was first convinced to invest a modest ₹20,000.

Once that door was opened, the pressure began. Repeated follow-ups and persuasive tactics pushed the investor to put in more money.

What followed was a downward spiral.

The trades recommended were reckless, with no stop-loss mechanisms or risk management strategies in place. Instead of the promised profits, the investor watched their capital erode, suffering losses of nearly ₹1 lakh.

This case serves as a stark reminder: when “guaranteed profits” are promised, and advice comes through casual WhatsApp messages rather than formal, transparent channels, it’s often a red flag waving right in front of us.

Violation of SEBI Regulation

The alleged actions by Wealth Trade Research and its representatives appear to violate several regulations set by the Securities and Exchange Board of India (SEBI):

Misleading Claims and Solicitation

The representatives made misleading and unsubstantiated claims, such as promoting high-risk investments without proper disclosure of risks or suitability.

This violates Regulation 5 of the SEBI (Research Analysts) Regulations, 2014, and the general code of conduct.

They also used a small initial profit of ₹7,800 to solicit further high-value “premium” packages.

Lack of Risk Management & Due Diligence

The failure to include crucial risk management elements like stop-loss orders constitutes a breach of the Code of Conduct for Research Analysts.

The Code mandates that analysts act with skill, care, and diligence. Registered investment advisers are required to create a risk profile for clients and ensure all advice is suitable for that profile.

Unauthorised Communication Channels

Providing financial advice through informal channels like WhatsApp calls and messages, which lack proper record-keeping and oversight, potentially violates SEBI guidelines on digital communications.

SEBI requires all regulated entities to use formal, recorded communication channels and display their registration details in all client communications.

Unregistered Investment Advice/Misrepresentation

While Wealth Trade Research claims to be a SEBI-registered research analyst entity, providing specific investment advice for a fee generally requires registration as an Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013.

Shailender and Ujjwal, as representatives of a research entity, are required to comply with regulations.

If they were acting as unregistered investment advisers, it would be a violation of Regulation 3 of the IA Regulations.

Lessons For Investors?

The case of Wealth Trade Research offers several critical lessons for investors to protect themselves from unethical practices and financial fraud in the stock market.

Always verify if the individual or firm providing investment advice is registered with the Securities and Exchange Board of India (SEBI).
Use the SEBI website to cross-check the registration number of any advisor before paying fees or acting on their advice.
Be wary of advisers who use small initial gains to lure you into larger, higher-risk investments.
If a pitch sounds too good to be true or promises “assured” returns, it is a major red flag for potential fraud.
Legitimate financial services should be conducted through formal, auditable, and regulated platforms, not just informal messaging apps.
If an advisor encourages you to “just hold” a losing position without a predefined exit point, they are likely not following a professional or safe trading strategy.

How to File a Complaint Against RIA?

If Broker is troubling you and you feel stuck, you don’t have to worry alone.

Here’s How We Help with Broker Issues:

1. Initial Consultation & Case Assessment

We provide a confidential session with a dedicated Case Manager to:

Listen carefully to your full experience with Wealth Trade Research
Review your transaction records and communications
Evaluate the strength of your case
Clearly explain your legal options

No judgment, just clear, actionable solutions.

2. Professional Case Documentation & Drafting

We assist in preparing a well-structured, persuasive, and legally sound complaint that highlights SEBI violations, such as:

Charging for overlapping services (double-billing)
Receiving payments into personal accounts
Ignoring or failing to resolve investor complaints
Fraudulent misrepresentation and unfair trade practices

3. Direct Engagement & Escalation

Step 1: Formal Communication: Guidance on formally notifying Wealth Trade Research, before approaching SEBI.

Step 2: Lodge a complaint in SCORES

File a complaint in SCORES on the SEBI SCORES portal.
Monitoring SEBI complaint status in real-time
Responding to SEBI queries professionally

Step 3: File a complaint in Smart ODR: Assistance in navigating the Online Dispute Resolution platform for quicker resolutions when eligible.

We handle the bureaucracy so you can focus on recovering your funds.

4. Advisory & Strategic Counselling

Our experts provide:

Realistic evaluation of recovery prospects
Timelines based on similar fraud cases
Guidance on alternative remedies, including consumer forums or police complaints
Advice on claiming refunds for unrendered services

Complete transparency from day one.

5. Arbitration & Legal Representation

If SEBI actions are insufficient, we support you in:

Filing arbitration in share market disputes
Pursuing civil recovery claims
Lodging criminal complaints under IPC Section 420 (cheating)
Representing your case professionally
Exploring all possible remedies until resolution

We remain committed until justice is achieved.

Conclusion

The Wealth Trade Research case is a sharp wake-up call for investors. It is a powerful reminder of why caution is non-negotiable in the stock market.

This wasn’t just another story of “markets went wrong.” The evidence clearly shows that Wealth Trade Research, through its representatives, was running a predatory and unauthorised advisory operation.

In other words, this was not bad advice. It was illegal advice, in direct violation of the SEBI Act, 1992 and multiple investor-protection regulations.

What makes the case even more troubling is the complete disregard for investor safety. Despite the investor clearly expressing hesitation and risk concerns, the representatives pushed ahead.

No proper risk assessment, no exit strategy, and no effort to explain potential downsides. This isn’t aggressive salesmanship. It’s gross professional misconduct.

If an advisor pressures you, ignores your risk tolerance, or operates without proper SEBI registration, walk away. Because when rules are ignored, it’s usually the investor who pays the price.