Trade Bazaar Under Scanner After Investors Allege Withdrawal Freeze
New Delhi | Investor Alert
Online trading platform Trade Bazaar (tradebazaar.com) has come under scrutiny after multiple investors alleged that the platform has frozen withdrawals, raised additional monetary demands, and failed to provide transparent trading or regulatory details. Complaints related to the platform have reportedly been submitted to SEBI’s SCORES portal and the National Cyber Crime authorities, seeking investigation and action.
It is important to note that all claims mentioned in this report are allegations based on investor complaints and have not yet been adjudicated by any regulatory or law-enforcement authority.
Trade Bazar Allegations of Withdrawal Freeze
According to several complainants who reached out to Azad Reports, investors were encouraged to deposit funds on Trade Bazaar for online trading activities. While the platform allegedly showed profits on user dashboards, withdrawal requests were either rejected, delayed indefinitely, or left unanswered.
Some investors claim that when they attempted to withdraw funds, they were allegedly asked to pay additional charges, including so-called “tax”, “processing fees”, or “account unlocking fees”. Even after making such payments, complainants allege that withdrawals remained blocked.
Trade Bazar Concerns Over Trading Legitimacy
Several investors have also questioned whether trades were actually executed on recognized stock exchanges such as NSE or BSE. As per complaints, users were unable to verify trade execution through official exchange contract notes or clearing corporation records.
Market experts caution that platforms operating outside recognized exchanges may fall under the category of illegal dabba trading, which is prohibited under Indian law. SEBI has repeatedly warned that dabba trading platforms operate without regulatory oversight, leaving investors without any legal protection.
Regulatory and Compliance Red Flags
Complainants have highlighted multiple red flags, including:
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Lack of clear disclosure regarding the company’s ownership, registration details, and physical office address
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Absence of proof that the platform or its operators are SEBI-registered
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Collection of investor deposits through multiple bank accounts or payment channels
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Limited or unresponsive customer support once withdrawal issues arise
These indicators, experts say, are commonly observed in unregulated online investment platforms and warrant closer scrutiny by authorities.
SEBI’s Advisory to Investors
SEBI has consistently advised investors to:
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Verify whether a trading platform is SEBI-registered
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Ensure trades occur only on recognized stock exchanges
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Avoid platforms promising guaranteed or unusually high returns
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Be cautious of apps that control deposits and withdrawals without transparency
SEBI has also clarified that investors dealing with unregistered platforms lose access to grievance redressal and compensation mechanisms.
What Affected Investors Should Do
Investors who believe they may have been impacted by Trade Bazaar or similar platforms are advised to take the following steps immediately:
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File a complaint on SEBI SCORES
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Report the matter on the National Cyber Crime Portal
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Inform their bank and request transaction tracking or account freezing
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Preserve all evidence, including payment receipts, screenshots, emails, and chat records
Azad Reports’ Position
Azad Reports is publishing this article in the interest of public awareness and investor safety, based on information shared by complainants and publicly available regulatory advisories. The platform has not independently verified the allegations, and the matter remains subject to investigation by competent authorities.
Contact Azad Reports
If you are an affected investor or wish to share verified information related to this case, you may contact Azad Reports through the official contact details mentioned on our website. All communications are handled confidentially and used strictly for journalistic purposes.
⚠️ Disclaimer
This article is based on investor complaints, publicly reported concerns, and regulatory advisories. The allegations mentioned herein are unproven and subject to investigation by regulatory and law-enforcement agencies such as SEBI, ED, or cyber-crime authorities. Azad Reports does not make any claim regarding the guilt or innocence of any individual or entity. Readers are advised to exercise due diligence before making any financial decisions.
FAQs
Q1. Why is Trade Bazaar under scanner?
Trade Bazaar is under scrutiny after multiple investors alleged withdrawal freezes, extra fee demands, and lack of regulatory transparency.
Q2. Are the allegations against Trade Bazaar proven?
No. The allegations are based on investor complaints and are subject to investigation by regulatory and law-enforcement authorities.
Q3. Has SEBI taken action against Trade Bazaar?
As per complainants, complaints have been filed with SEBI SCORES. Any official action will depend on regulatory findings.
Q4. What should affected investors do?
They should file complaints with SEBI SCORES, report to the National Cyber Crime Portal, alert their banks, and preserve all evidence.
Q5. Is dabba trading illegal in India?
Yes. SEBI has clearly stated that dabba trading is illegal and investors using such platforms lose regulatory protection.
