If you’ve been scrolling through options trading content on social media and come across Wealthy Ways, you’re not alone.
The SEBI-registered research analyst firm based in Odisha promotes itself as a provider of “smarter investments and better outcomes”, targeting retail traders looking for daily BankNifty, Nifty, and Finifty option calls.
Before you sign up for a ₹1.7 lakh yearly subscription, it helps to review what the public record actually shows about Wealthy Ways.
This blog brings together SEBI registration details, Wealthy Ways complaint data from its own page, and user experiences found online to help you decide.
This is not a verdict on the entity. It is a factual picture, presented neutrally, to help you ask the right questions before spending your money.
Wealthy Ways Review
Wealthy Ways is a sole proprietorship run by Adarsh Dey, operating as a SEBI-registered research analyst under registration number INH000018373.
The firm is registered at First Floor, EWS 40, Shriram Ram Nagar, Near Central School, Talabania, Puri, Bhubaneswar, Odisha – 752002.
How Does Wealthy Ways Operate?
The service is built around derivative and options trading recommendations.
Their flagship annual subscription, priced at ₹1,77,000 per year, promises 2–3 research alerts per day, 1–2 BankNifty/Nifty option calls daily, weekly Finifty alerts, BTST-level research, and expiry-special calls.
Live market customer support is listed as available to all members. The risk level is disclosed on their own pricing page as “high to very high.”
At roughly ₹14,750 per month, this places Wealthy Ways at the premium end of the retail advisory market.
At that price point, the quality, accuracy, and responsiveness of Wealthy Ways are not optional considerations; they are essential.
Wealthy Ways Complaints
SEBI requires registered research analysts to publicly disclose complaint statistics.
The data published by Wealthy Ways for the period August 2024 to March 2026 shows a notable and sharp upward trend.
Year-on-Year Surge in Complaints
In FY 2024–25, only 2 complaints were received, and both were resolved. In FY 2025–26, this number increased significantly to 23 complaints, with 14 resolved and 9 still pending as of March 2026.
This reflects more than a tenfold increase year-over-year, indicating a notable shift in user experience.
Monthly Breakdown Highlights Rising Trend
The month-by-month breakdown of Wealthy Ways complaints makes the trend even clearer.
Complaints were nearly non-existent through the first half of 2025, suggesting limited reported issues initially.
However, activity began to increase steadily:
- April 2025: 1 complaint
- July 2025: 1 complaint
- August 2025: 1 complaint
- November 2025: 1 complaint
- December 2025: 2 complaints
- January 2026: 3 complaints
The sharpest rise occurred in February 2026, with 8 complaints in a single month, followed by 7 more in March 2026.
Current Status and Resolution Timelines
As of March 2026, a total of 9 complaints remain unresolved. None of these have crossed the 3-month resolution threshold, and the average resolution time stands at 7 days.
This suggests that while responses are relatively timely, resolution capacity may be under pressure.
Wealthy Ways Major Red Flags
The following concerns emerge from the complaint data, pricing structure, social media comments, and service claims. They are presented for your awareness, not as legal conclusions.
1. Steep Pricing With No Independently Verifiable Performance Record
At ₹1,77,000 per year, this service sits at the premium end of the retail advisory market. For a price this high, most investors would reasonably expect independently audited or exchange-verified trade records.
No such publicly available performance documentation was found on the website during research for this blog.
Wealthy Ways’ own pricing page categorises the risk level of its recommendations as “high to very high.”
Subscribing to Wealthy Ways based only on screenshots, testimonials, or claimed accuracy carries real risk when the track record cannot be independently verified.
2. Tenfold Rise in SEBI SCORES Complaints in a Single Year
The entity received just 2 complaints across all of FY 2024–25. In FY 2025–26 alone, that number reached 23.
Filing a complaint on SEBI SCORES is not casual; it requires first attempting resolution with Wealthy Ways and only then escalating to the regulator.
Each complaint in the data represents someone who tried the internal route and still felt it necessary to go to SEBI.
3. Growing Backlog of Unresolved Complaints
As of March 2026, 9 complaints are still open. The data shows that complaints are arriving faster than they are being resolved in recent months.
For a sole proprietorship like Wealthy Ways, this volume of open complaints raises questions about whether support and dispute resolution are adequately resourced.
4. User Comments Alleging Financial Loss
On social media, comments have appeared under content associated with Wealthy Ways from users expressing dissatisfaction.
One user alleged that following the service’s advice led to a loss of ₹20,000. Another echoed similar concerns. These are unverified claims about Wealthy Ways and not findings of any regulatory authority.
However, they are consistent with the rise in formal SEBI SCORES complaints and add to the overall picture that makes independent due diligence essential before subscribing.
5. Sole Proprietorship With Limited Institutional Depth
Wealthy Ways operates as a sole proprietorship under one individual. There is nothing inherently wrong with this structure, and SEBI permits it.
However, it does mean there is no board, no compliance team, and no institutional depth behind the service.
If the proprietor is unavailable or disputes arise, the recourse available to subscribers is limited to SEBI SCORES and Smart ODR.
What Investors Should Keep in Mind?
When asking yourself, can we trust SEBI registered Research Analyst firms without verification?
Consider these points:
1. Verify SEBI Registration Yourself
Do not rely blindly on a registration number provided by the entity. Visit SEBI’s website and verify the number (e.g., INH000018373) directly to confirm its validity as per SEBI guidelines for Research Analyst.
This simple step helps you avoid dealing with unregistered or misleading entities.
2. Registration Does Not Mean Endorsement
SEBI registration only confirms that the eligibility criteria have been met. It does not mean SEBI approves or guarantees the quality of the research provided.
Investors must still evaluate the service independently before trusting it.
3. Ask for Verifiable Performance Records
Do not rely on selective screenshots of profitable trades shared by firms.
Always ask for audited reports or broker-backed data showing actual performance, including losses. Consistent and transparent data is a better indicator than marketing claims.
4. Get Everything in Writing Before Payment
Ensure all terms like refunds, support, and service scope are clearly documented. Written agreements help avoid disputes and protect your rights as a client.
Verbal assurances or promises should never be relied upon in financial matters.
5. Check Complaint History
Review publicly available complaint data before subscribing to any service. A rising trend in unresolved complaints is a strong warning sign.
This can give you early insight into potential service or support issues.
6. Understand the Product Before Trading
High-risk products like options require proper understanding before investing. Even experienced traders can face significant losses in volatile markets.
No advisory service can eliminate the inherent risk involved in such products.
7. Do Not Let Sunk Cost Influence Decisions
Avoid continuing with a poor service just to recover subscription costs. This mindset often leads to bigger financial losses over time.
Instead, take corrective action early and follow proper escalation channels.
How to File a Complaint Against Research Analyst?
If you’ve had a negative experience with Wealthy Ways or another registered financial intermediary, here is exactly what you can do next.
Step 1: Gather Clear Evidence
Before you take any action, first check whether you have solid proof of the issue.
Collect all relevant documents such as chat records, emails, payment receipts, and any commitments or promises made.
Strong documentation strengthens your case and improves the chances of a fair outcome.
Step 2: Reach Out to the Research Analyst
Is it necessary to approach SEBI right away?
Not always.
Start by raising your concern directly with the Research Analyst. Many problems can be resolved at this stage if you give them a proper opportunity to respond and address the issue.
Step 3: Lodge a Complaint in SCORES
What if your concern is ignored or not handled properly?
In that situation, you can file a complaint through the SEBI SCORES portal. This official platform ensures your complaint is recorded and requires the analyst to respond within a defined timeline.
Step 4: Escalate a Complaint Through SMART ODR
If you are still not satisfied with the resolution,
you can escalate the matter to the SMART ODR platform, SEBI’s online dispute resolution system. It offers a structured process where you can opt for mediation or conciliation.
Step 5: Arbitration in Share Market
What if the issue remains unresolved even after all these steps?
Arbitration becomes the final option. It is a formal legal process where an independent authority reviews the case and delivers a binding decision.
This step is usually taken when all other avenues have been exhausted.
The most important thing is to act promptly and maintain proper records throughout the process.
Need Help?
Navigating a financial complaint, especially for the first time, can feel overwhelming.
You’re already frustrated about money you may have lost, and now you’re dealing with portals, paperwork, and a regulatory process you’ve never used before.
That’s where we come in.
We offer case review, complaint drafting, SEBI SCORES filing support, Smart ODR guidance, and arbitration referrals where applicable.
Whether you’ve lost money following tips, were denied a refund, or simply don’t know where to begin, we help you put the right information in front of the right people, clearly and on time.
You don’t need to be an expert in securities regulations to get a fair hearing. You just need someone to walk through the process with you.
To get started, register with us.
Bring your payment records, your complaint summary, and any communication you’ve had with the entity. We’ll help you figure out the best path forward.
Conclusion
Wealthy Ways holds a valid, perpetual SEBI research analyst registration obtained in August 2024.
The entity publishes its complaint data as required by SEBI, and no regulatory orders or penalties against it appear in publicly available records. These are legitimate positives that any fair review should acknowledge.
That said, the complaint trajectory from this entity’s own disclosures, 2 complaints in FY 2024–25, rising to 23 in FY 2025–26, with 9 still open, is a pattern that deserves serious attention from anyone considering a ₹1,77,000 subscription.
The social media feedback from users alleging losses adds to the picture, even if it remains informal.
The best decision you can make is an informed one.
Verify the registration, check the complaint data yourself on the entity’s website, and ask hard questions about auditable performance records before you pay.
