TL;DR: Don't deposit any more money or share further personal/banking details with the app once you suspect it's fraudulent.
How to Report a Fake Trading App to SEBI — a clear, step-by-step guide to what to do and how long it takes.
Step 1: Stop all further transactions on the app immediately
Don't deposit any more money or share further personal/banking details with the app once you suspect it's fraudulent.
Step 2: Verify if the app or entity is SEBI-registered
Check SEBI's official registered intermediaries list to see if the trading app or the entity behind it is actually registered — most fraudulent trading apps are not.
Step 3: File a complaint on SEBI SCORES
Report the app through scores.sebi.gov.in, providing the app name, any registration claims it made, transaction details, and screenshots of your communication with it.
Step 4: Also report via 1930 for the financial fraud angle
Since fake trading apps typically involve direct financial loss, also file a complaint through the National Cybercrime Helpline (1930) or cybercrime.gov.in to pursue the fraud angle alongside your SEBI complaint.
If this looks similar to something else you've seen, it's worth reading How to Report Credit Card Fraud to Your Bank in India.
This pattern shows up elsewhere too — see How to Report Fraud on cybercrime.gov.in.
Frequently Asked Questions
Step 1: Stop all further transactions on the app immediately
Don't deposit any more money or share further personal/banking details with the app once you suspect it's fraudulent.
Step 2: Verify if the app or entity is SEBI-registered
Check SEBI's official registered intermediaries list to see if the trading app or the entity behind it is actually registered — most fraudulent trading apps are not.
Step 3: File a complaint on SEBI SCORES
Report the app through scores.sebi.gov.in, providing the app name, any registration claims it made, transaction details, and screenshots of your communication with it.
Step 4: Also report via 1930 for the financial fraud angle
Since fake trading apps typically involve direct financial loss, also file a complaint through the National Cybercrime Helpline (1930) or cybercrime.gov.in to pursue the fraud angle alongside your SEBI complaint.