TradeBazaar Faces Heat as Users Cry Fraud Over Frozen Funds

New Delhi | Investor Alert

TradeBazaar, ( https://www.tradebazaar.com/ )  an online trading platform operating through tradebazaar.com, is facing growing scrutiny as multiple investors have reported frozen accounts and alleged fraudulent activity. Complaints suggest that the platform may have engaged in illegal trading operations and is refusing to process withdrawals, sparking alarm among retail investors across India.

🔒 Blocked Withdrawals and User Complaints

Several investors have shared their experiences online, highlighting difficulties in accessing funds deposited on the TradeBazaar platform:

• Delayed or Rejected Withdrawals: Users claim that withdrawal requests have been ignored or stalled indefinitely.

• Extra Charges for Withdrawal: Some investors report being asked to deposit additional amounts under the guise of taxes, fees, or account unlocking.

• Lack of Transparency: Users say the platform does not provide clear communication about transactions, trades, or account balances.

According to experts, such patterns are commonly seen in unregulated online trading operations, where users are left without recourse once deposits are made.

📉 Alleged Dabba Trading and Regulatory Concerns

Several complaints suggest that TradeBazaar may be operating as a dabba trading platform, meaning that trades are conducted outside recognized stock exchanges like NSE or BSE. Dabba trading is illegal in India and carries serious risks for investors.

: How Dabba Trading Works

• Trades occur only within the platform’s internal system, without execution on actual exchanges.

• Users may see fabricated profits on their dashboards, giving a false sense of security.

• Deposits are often routed through multiple accounts, making it difficult to trace funds.

: SEBI Warnings

The Securities and Exchange Board of India (SEBI) has consistently warned against using unregistered trading platforms and dabba trading apps. Investors using such platforms lose all regulatory protection, including compensation mechanisms in case of fraud or loss.

💰 Money-Laundering Red Flags

Investor complaints also highlight potential money-laundering concerns:

• Funds are reportedly split across multiple bank accounts and payment channels.

• Rapid movement of deposits makes it challenging to track where money ultimately goes.

• Lack of clarity on ownership, registered office, and regulatory disclosures raises suspicion.

Experts note that these are common tactics in online investment scams, designed to obscure the flow of funds and prevent recovery by authorities.

⚠️ Legal Disclaimer

It is important to note that these are allegations reported by investors. TradeBazaar has not publicly responded to these claims at the time of writing. Only enforcement agencies such as SEBI, the Enforcement Directorate (ED), or cybercrime authorities can determine the legality of the platform’s operations.

🛡️ Steps Investors Should Take

If you believe you have been affected by TradeBazaar or similar platforms, experts recommend the following actions:

1. File a Complaint on SEBI SCORES: SEBI’s online portal allows investors to report fraud or irregularities.

2. Report to the National Cyber Crime Portal: Register complaints at cybercrime.gov.in for digital fraud cases.

3. Notify Your Bank: Request transaction tracing and potential account freezing.

4. Preserve Evidence: Keep receipts, screenshots, app details, chat logs, and email communications.

🔎 Public Advisory for Safe Investing

• Always verify whether an online trading platform is SEBI-registered.

• Ensure that trades are executed only on recognized exchanges such as NSE or BSE.

• Avoid platforms that control deposits and withdrawals without transparency.

• Be cautious of promises of guaranteed or unusually high returns.

H4: Growing Threat of Online Trading Frauds

India has witnessed a surge in online trading scams, with numerous fake trading apps and unregistered brokers reportedly causing crores in losses to retail investors. Complaints often involve platforms that display manipulated profits while blocking withdrawals, leaving victims without legal recourse.

Authorities, including SEBI and cybercrime units, are increasingly investigating such cases, issuing alerts and public advisories. Experts stress that vigilance, verification, and reporting are critical for protecting one’s investments.

Conclusion

TradeBazaar’s alleged refusal to process withdrawals, combined with potential dabba trading and money-laundering concerns, has raised serious red flags for investors. While investigations are ongoing, users are strongly advised to exercise caution and follow regulatory guidelines when dealing with online trading platforms.

⚠️ Disclaimer: This article is based on investor complaints, publicly reported concerns, and regulatory advisories. Allegations mentioned herein are subject to investigation by competent authorities. Readers are advised to exercise due diligence.

फ्रॉड अलर्ट: TradeBazaar (tradebazaar.com) पर निवेशकों का पैसा लूटने के गंभीर आरोप — डब्बा ट्रेडिंग, निकासी रोकना और मनी लॉन्ड्रिंग के संकेत Azad Report | नई दिल्ली | निवेशक चेतावनी