TradeBazaar Fraud Claims Grow as More Victims Come Forward Across India

Fraud allegations against online trading platform TradeBazaar continue to intensify as more investors from different parts of India come forward, claiming financial losses, blocked withdrawals, and misleading practices. What initially appeared to be isolated complaints has now grown into a nationwide issue, with victims alleging a similar pattern of events that has raised serious concerns about the platform’s credibility and operations.

TradeBazaar Rising Number of Complaints Nationwide

Over the past few weeks, investors from states including Delhi, Uttar Pradesh, Maharashtra, Rajasthan, Punjab, and Karnataka have reportedly shared complaints related to TradeBazaar. Many claim they were attracted by the platform’s promises of smooth trading, fast withdrawals, and attractive returns. However, their experiences allegedly changed drastically once they attempted to withdraw their funds.

Victims say that withdrawal requests were either rejected, placed under indefinite review, or left pending without explanation. In several cases, investors allege that their accounts were partially or fully frozen soon after raising withdrawal requests.

TradeBazaar Pattern of Alleged Misconduct

According to complainants, the alleged fraud follows a consistent pattern. Investors are reportedly encouraged to deposit funds through bank transfers, UPI, or digital payment gateways. Trading dashboards show profits or active positions, giving users confidence that their money is being actively traded.

Problems allegedly begin when investors attempt to exit or withdraw funds. Victims claim that customer support either stops responding or asks them to deposit additional money under various pretexts such as “tax clearance,” “processing fees,” or “account unlocking charges.” Experts warn that such demands are commonly associated with online investment scams.

TradeBazaar Claims of Fake or Unregulated Trading

Some investors have also raised questions about whether actual trades take place on recognized stock exchanges such as NSE or BSE. Allegations suggest that TradeBazaar may be operating a simulated or unregulated trading environment, leaving investors exposed without regulatory protection.

SEBI has repeatedly cautioned investors against dealing with unregistered platforms and dabba trading operations, stating that such activities are illegal and fall outside investor protection mechanisms.

TradeBazaar Growing Anger and Emotional Distress

Beyond financial losses, many victims report severe emotional stress. Some investors claim they invested life savings, borrowed funds, or emergency money, believing the platform to be legitimate. Online groups and forums now host dozens of individuals sharing similar experiences, screenshots, and transaction records.

Victims allege that repeated follow-ups have yielded no resolution, further escalating anger and frustration. Several have publicly urged authorities to intervene before more investors are affected.

Regulatory and Legal Action Sought

As complaints mount, affected investors have reportedly begun filing grievances with SEBI through the SCORES portal, lodging complaints on the National Cyber Crime Portal, and approaching local police stations. Legal experts say that if allegations of fraud, misrepresentation, or unregistered operations are substantiated, the platform could face serious regulatory and criminal consequences.

Authorities typically examine whether the platform is registered, how investor funds are handled, and whether there is any diversion or misuse of deposits.

Red Flags Highlighted by Experts

Cybercrime and financial fraud experts identify several red flags commonly seen in cases like this:

• Easy onboarding and aggressive deposit promotion

• Lack of transparent regulatory disclosures

• Delayed or blocked withdrawals

• Requests for additional payments to release funds

• Poor or disappearing customer support

Experts caution that while allegations must be investigated, the recurrence of these warning signs across multiple complaints is a cause for concern.

TradeBazaar’s Response Remains Unclear

At the time of writing, TradeBazaar has not issued a detailed public clarification directly addressing the growing number of fraud claims. Some investors allege they received generic responses citing “technical issues” or “compliance checks,” which failed to resolve their concerns.

Market observers note that transparent communication and timely redressal are critical for rebuilding trust, which appears to be rapidly eroding.

What Investors Should Do

Financial advisors recommend that affected investors act promptly by preserving all evidence, including payment receipts, bank statements, screenshots, and communication records. Filing formal complaints may help authorities trace fund flows and identify systemic issues.

Prospective investors are strongly advised to avoid investing in platforms facing unresolved allegations until regulatory clarity and official verification are available.

Broader Warning for Retail Investors

The TradeBazaar controversy highlights a broader issue facing India’s retail investors—the rising threat of online trading and investment scams. As digital platforms grow rapidly, fraudsters increasingly exploit lack of awareness, regulatory gaps, and trust in technology.

Experts urge investors to always verify SEBI registration, understand how trades are executed, and remain cautious of platforms promising guaranteed or unusually high returns.

Conclusion

As fraud claims against TradeBazaar grow and more victims come forward across India, pressure is mounting on regulators and law enforcement agencies to investigate the allegations thoroughly. Until clear findings emerge, investor caution remains essential.

The case serves as a reminder that in the digital age, due diligence is not optional—it is a necessity.