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Independent safety report

Is Market Trade a scam?

Likely scamHIGH confidence
Unlicensed off-exchange bucket shop (dabba trading)

Market Trade (markettrade.live) holds no financial licence from any authority, and on its own website it describes its service as trading that is settled inside its own books instead of on India's stock exchanges. India's securities regulator, SEBI, states plainly that this activity, known as dabba trading, is illegal. We assess the risk of fraud as high and we would not put money here.

  • No licence anywhere. The site names no regulator, no licence number and no legal entity. SEBI's register of brokers in the commodity derivatives segment, current to 16 October 2026, holds no record for Market Trade, and the Malta Financial Services Authority's register returns nothing under the name either.
  • It markets the absence of regulation as a feature. Its own page on dabba trading lists 'No SEBI Restrictions' as a benefit and states that transactions happen 'between the trader and the broker's private network instead of the stock exchange'.
  • Its terms let it delete your winning trades. The published terms say the company 'can remove all profitable trades without any prior information', that trades 'will be removed anytime', and that funds can be blocked.
  • The history is advertised, not real. The About page says 'Founded in 2018' and the partner page says 'since 2020', but markettrade.live was only registered on 18 March 2024 and sat on a holding page two days later.
  • No company stands behind it. No legal entity appears on the site, in the terms, in the privacy policy or on its app listing. The only verified address anywhere in its paper trail is a room in a college hostel in Sylhet, Bangladesh, registered to a private individual with a Gmail address.

Safety verdict

Critical risk
85%Scam risk
1.5/5Safety rating 1.5 out of 5
Wikilix safety rating
high
Confidence
At a glance
Proof of regulationNot found
Clone of another firmNo
TypeUnlicensed off-exchange bucket shop (dabba trading)
Evidence items24

Risk scorecard

Each area is scored 0 (clean) to 10 (worst). Higher means more risk.

Worst area: Critical
SeverityLowModerateHighCritical

Regulation

9/10 · Critical

No licence from any authority while taking client deposits, no record on SEBI's commodity derivatives register or the MFSA register, and the absence of SEBI oversight is advertised as a benefit. Not 10 only because no licence number is fabricated and no regulator has issued a warning.

Identity & transparency

10/10 · Critical

No legal entity is named on the site, in the terms, in the privacy policy or on the app listing; the Malta address is a town square with no building; and the only verified address is a college hostel room in Bangladesh held by a private individual with a Gmail address.

Withdrawals & conduct

4/10 · Moderate

No client complaints were found on any platform, which holds this down, but the published terms themselves allow the company to remove all profitable trades without notice and to block funds, and off-exchange settlement leaves no exchange record to appeal to.

Reputation

7/10 · High

No reviews of any kind exist: no Trustpilot profile, no app rating, no forum discussion, no complaints and no verifiable praise. That total absence contradicts a claimed 150,000 traders and leaves 16 unverifiable on-site testimonials standing in for independent feedback.

Website claims

9/10 · Critical

Two conflicting founding years both years before the operation existed, a client count roughly 300 times its actual public following, 500x leverage and zero tax that no registered Indian broker can offer, a guaranteed salary offer, and a page promising institutional liquidity contradicted by another saying trades never reach the exchange.

Operational history

8/10 · Critical

Verified track record is 2 years 7 months from the domain registered 18 March 2024, parked for its first months, and that figure is an upper bound since no legal entity exists to date. The advertised 2018 founding overstates it by about six years with no predecessor named.

Who they are

A quick desk file on the company behind the brand.

  • Brand: Market Trade, also written Markettrade.
  • Legal entity: None disclosed. No company name appears on the website, in the terms and conditions, in the privacy policy or on the app store listing.
  • Registered: No corporate registration found in any jurisdiction. The contact page lists 333, Pali Pathar, Khar West, Mumbai, Maharashtra 400052 and 'Pjazza Mifsud Bonnici, Marsascala, Malta', the latter being the name of a town square with no building, suite or number.
  • Website: markettrade.live, with account opening at register.markettrade.live. Domain registered 18 March 2024 through GoDaddy.
  • Only licence: None. No regulator is named by the broker, and none was found on any register.
  • Offers: NSE futures and options, MCX and Comex commodities, currencies, forex and crypto, at advertised leverage of 500x intraday on NSE and MCX futures, 200x on Comex and currencies, and 50x overnight on shares. Deposits by UPI and bank transfer.
  • Not accepted: No restricted-country list is published anywhere. Support languages are English, Hindi, Kannada, Malayalam, Punjabi, Tamil and Telugu only, so despite a long country-code list at sign-up the service is built for India.
  • Age claim: 'Founded in 2018' on the About page and '10,000+ introducing brokers since 2020' on the partner page. Neither is supported: nothing existed before March 2024.
  • Named people: The Market Trade Android app is published on Google Play by an individual, M A Shuab Ratan, at Sylhet Engineering College Hostel, Room-406, Sylhet 3100, Bangladesh, with support at a Gmail address. The app's privacy policy link points to markettrade.live, which ties it to this operation.
Market Trade's own page promoting dabba trading, listing No SEBI Restrictions as a benefit and stating that trades are settled internally rather than on a stock exchange.
Market Trade's published terms, which state that the company can remove all profitable trades without any prior information and that client funds can be blocked.
The Market Trade homepage advertising 500x margin on NSE and MCX futures, 200x on Comex and currencies, and Zero Tax, with no regulator or legal entity named anywhere.
Market Trade's About page claiming it was founded in 2018, against a domain registered on 18 March 2024 and parked two days later.

Regulation

Who really oversees this broker, and what each licence is worth to you.

No proof found

Proof of regulation on an official register: No

We could not confirm this broker on any genuine regulator’s register.

No licence claims on record.

SEBI's register of brokers in India's commodity derivatives segment, with data current to 16 October 2026, returns no record for Market Trade.
SEBI's investor page stating that dabba trading, the off-exchange model Market Trade promotes on its own site, is illegal and leaves clients without access to exchange grievance procedures.
The Reserve Bank of India's Alert List of 95 platforms not authorised to deal in forex, updated 19 November 2025. Market Trade is not listed, and the RBI notes that absence must not be read as authorisation.

Why we reached this verdict

How the evidence adds up.

This verdict rests mainly on what Market Trade publishes about itself, which is the strongest kind of evidence because it cannot be misattributed.

  • It admits that trades never reach an exchange. Its page at markettrade.live/dabba-trading-in-india/ explains that the model 'operates outside traditional stock exchanges like NSE and BSE' and lets traders speculate 'without actually executing trades on regulated platforms', that 'transactions happen between the trader and the broker's private network instead of the stock exchange' and that 'trades are settled internally'. It then asks 'Why Choose MarketTrade.live for Dabba Trading?' and answers with its own onboarding and payout promises. An archived copy of its homepage from February 2025 carried the word DabbaTrading in the page title itself.
  • SEBI says that activity is illegal. The regulator's investor page states that 'Dabba trading is an illegal and unregulated form of trading in securities', that such trades are 'settled internally by the dabba operator and are outside the purview of stock exchanges and regulatory bodies', and that clients 'can not avail grievances redressal mechanism of stock exchanges'. That last point matters most: there is no exchange record of your position, so there is nobody to appeal to.
  • The terms give the operator the right to take back your profits. The published terms state that the company 'can remove all profitable trades without any prior information', that 'Operating/Line/Manipulated/Chamka Trades will be removed anytime', that arbitrage, hedging and jobbing are banned and those 'Trades will be removed anytime', and that an account can be put on hold and 'your funds to be blocked'. A broker that routes orders to NSE cannot delete an executed trade, because the exchange holds the record. Only a counterparty keeping its own book can. If a position has to be closed because the software fails, the terms tell clients to send a WhatsApp message.
  • No licence exists, and the numbers prove why one is impossible. SEBI's register of brokers in the commodity derivatives segment, current to 16 October 2026 and verified to return results for other firms, holds no record for Market Trade or Markettrade. The MFSA's Financial Services Register returns nothing under the name. India's margin rules require brokers to collect the full exchange-set margin upfront, so 500x intraday leverage on NSE and MCX futures and 50x overnight on a share like Reliance cannot be offered by a registered broker. 'Zero Tax' is the same tell: securities transaction tax, commodities transaction tax, stamp duty and GST are statutory in India and no platform can waive them, which is only possible if the trade is never reported.
  • There is no KYC. The account form at register.markettrade.live asks for a name, email, password, support language and a WhatsApp number confirmed by one code. The site advertises 'No extensive paperwork required'. Indian law requires full identity verification before a securities account can be opened.
  • The advertised history is false. The domain was registered on 18 March 2024, served a holding page on 20 March 2024, and the first substantive archived copy dates to 2025. Against that, the site claims 2018 on one page and 2020 on another. Two different founding years, both years before anything existed, with no predecessor domain named.
  • The advertised scale is false too. The site claims it has 'SERVED MORE THAN 150000+ Traders' and has '10,000+ introducing brokers'. Its own Telegram channel has 511 subscribers, its YouTube channel 459, its Android app has 5,000 or more downloads with too few ratings to display a score, and Trustpilot has no profile for the domain at all.
  • The site contradicts itself. The forex and NSE pages promise 'direct access to institutional liquidity' and 'direct market access to make sure your orders are filled at the best available prices'. The dabba page on the same site says trades are settled internally and never reach the exchange. Both cannot be true.
  • Nobody is accountable. No legal entity is named anywhere. The Malta entry on the contact page is a town square. The only address that has been verified by anyone is the Google Play developer address behind the app, a hostel room at an engineering college in Bangladesh held by a private individual with a free email account. The same account also publishes a second broker app, Winx Trade, from the identical address.
  • Other loose ends point the same way. The Android link in the footer no longer resolves to any app, the iOS link opens an unrelated third-party terminal called OSense Trader published by Optimized Sense Ltd, and the desktop download is an executable hosted on a separate white-label vendor domain that states it supplies technology only and takes no part in the trading cycle. The homepage carries an outbound link labelled 'test2' pointing at a casino domain, and page-builder shortcodes render on the live site as raw text. The Telegram channel posts specific buy calls on Nifty options and crude oil with entry prices, three targets and stop losses, while its own description says it does not provide investment advice.

Two honest limits on this. First, we found no client complaints anywhere: no Trustpilot profile exists for the domain, the Facebook page shows no reviews, the app carries no rating and forum searches turned up nothing. So the risk to client money here is documented in the operator's own contract and business model, not in reports of money actually withheld. Second, no regulator has named this firm: it is absent from the RBI Alert List of 95 unauthorised forex platforms updated on 19 November 2025, and a search of the IOSCO alert database, which aggregates warnings from more than 150 regulators, returns no warnings for this domain. The RBI list answers that point itself: 'An entity not appearing in the list should not be assumed to be authorised by the RBI.'

One figure to read carefully. The operating age of 2 years 7 months rests on the domain registration alone and is an upper bound, because the operation discloses no legal entity at all and there is therefore no incorporation date to set against it. The real operating history may be shorter, not longer.

Evidence ledger

Every finding, with its source and how strongly it points.

18 against3 in favour
  • E1Market Trade's own page promoting dabba trading states that the model operates outside NSE and BSE and lets traders speculate without trades being executed on regulated platforms, that transactions happen between the trader and the broker's private network instead of the stock exchange, that trades are settled internally, and that 'No SEBI Restrictions' apply. It then asks why choose MarketTrade.live for dabba trading and answers with its own account opening and payout promises.

  • E2The published terms and conditions state that the company can remove all profitable trades without any prior information, that manipulated or spike trades will be removed anytime, that arbitrage, hedging and jobbing are prohibited and such trades will be removed anytime, and that an account can be put on hold and funds blocked. Clients unable to close a position because of a software fault are told to send a WhatsApp message. No legal entity, governing law or dispute route is named.

  • E3SEBI states that dabba trading is an illegal and unregulated form of trading in securities, that trades are placed without being executed on any SEBI recognised stock exchange, that they are settled internally by the dabba operator outside the purview of exchanges and regulatory bodies, and that investors cannot use the grievance redressal mechanism of stock exchanges.

  • E4SEBI's register of registered stock brokers in the commodity derivatives segment, with data current to 16 October 2026, returns no record for Market Trade or Markettrade. The same search returns results for other firms, including 83 entries for the word Market and nine for Zerodha, confirming the register answers name queries.

  • E5A sweep of the homepage, the About page, every market and trading page, the terms and the privacy policy finds no regulator named, no licence or registration number, and no legal entity. The only uses of the word regulated describe the MCX exchange itself, not this operator.

  • E6The About page states that Market Trade was founded in 2018, while the partner page claims a network of more than 10,000 introducing brokers since 2020. The domain was registered on 18 March 2024. Two different founding years are advertised, both years before anything verifiably existed, and no predecessor domain or company is named.

  • E7The registration record for markettrade.live gives a creation date of 18 March 2024, an expiry of 18 March 2027, GoDaddy as registrar and parking nameservers. The earliest archived capture, two days later on 20 March 2024, resolves to a holding page, and the first substantive archived copy of the broker site dates to 2025.

  • E8Google Play's developer disclosure for the Market Trade app, whose privacy policy link points to markettrade.live, names an individual, M A SHUAB RATAN, at Shahporan, Khadimnagar, Sadar, Sylhet Engineering College Hostel, Room-406, Sylhet 3100, Bangladesh, with a Gmail support address. The listing is an individual account, not a company, and shows 5,000 or more downloads with no rating displayed.

  • E9The NSE page shows a worked example offering 500x intraday margin and 50x holding margin on 100 Reliance shares, so a position worth 125,000 rupees would require 250 rupees. The homepage advertises 500x on NSE and MCX futures, 200x on Comex and currencies, and Zero Tax. Indian margin rules require brokers to collect the full exchange-set margin upfront, and transaction taxes are statutory, so neither is possible on an exchange-routed trade.

  • E10The account opening form asks only for a name, email, password, a referral code, a support language and a WhatsApp number confirmed by one code. No identity document, tax number or address proof is requested. The About page states that no extensive paperwork is required and that an account opens in one minute. Support languages offered are English, Hindi, Kannada, Malayalam, Punjabi, Tamil and Telugu.

  • E11The site claims it has served more than 150,000 traders and has more than 10,000 introducing brokers. Its own Telegram channel shows 511 subscribers with individual posts drawing 17 to 25 views, and its YouTube channel shows 459 subscribers with recent videos drawing between no views and 15.

  • E12The official Telegram channel posts specific trading instructions, for example a buy call on Nifty 22800 PE with an entry price of 85 rupees, three targets and a stop loss, and similar calls on Hero MotoCorp options and crude oil, while the channel description states that it does not provide financial or investment advice and that all content is educational. Giving specific securities recommendations in India requires registration with SEBI.

  • E13The sub broker page offers a guaranteed salary structure combined with brokerage sharing for introducing clients, states that Market Trade is the only platform offering salary plus brokerage sharing, and places liability for disputes and payments on the introducer.

  • E14An archived copy of the homepage from 16 February 2025 carried the page title Market Trade, Best Online Trading Platform in India, DabbaTrading, and advertised lowest brokerage across all markets with Zero Tax, 0 percent tax, 500x margin on NSE and MCX futures, registration in one minute with a name and phone number, and a different support number from the one used today. The current homepage no longer carries the term in its title.

  • E15The Android app link in the site footer points to a Google Play package that no longer resolves to any listing, the iOS link opens an unrelated third-party terminal called OSense Trader published by Optimized Sense Ltd, and the desktop download is an executable hosted on a separate white-label vendor domain that states it supplies brokers with technology only and is not involved in any financial relation or in the trading cycle.

  • E16The forex page promises direct access to institutional liquidity and the NSE page promises direct market access so that orders are filled at the best available prices, while the dabba trading page on the same site states that trades are settled internally in the broker's private network instead of the stock exchange. The two descriptions of where orders go cannot both be true.

  • E17The same Google Play developer account, at the identical Bangladesh hostel address, also publishes a second broker app, Winx Trade, pointing to the separate domain winxtrade.com. The app descriptions share the same wording as the third-party white-label terminal, indicating a rented platform shell used across more than one brand.

  • E18The Malta Financial Services Authority's Financial Services Register returns no results for Market Trade or Markettrade, so no authorised firm of that name exists in the jurisdiction the contact page points to. The address itself, Pjazza Mifsud Bonnici in Marsascala, is the name of a town square with no building, suite or number.

  • E19The homepage carries an outbound link labelled test2 pointing to a casino domain inside its main content area, and page-builder shortcodes appear on live pages as raw text rather than rendering, indicating an unfinished site build with uncontrolled third-party links.

  • E20The operator's own Facebook page records the business location as Pali Pathar, Khar West, Mumbai, Maharashtra, India, with the website Markettrade.live and the address info@markettrade.live, and shows 21,000 followers but no reviews at all. Together with the Indian product set, UPI deposits, a +91 support number and Indian-only support languages, this places the operation in India rather than Malta.

  • E21A search of the IOSCO alert database, which aggregates the warning lists of more than 150 member regulators, returns no warnings matching this domain as at 17 October 2026. No regulator has published an alert naming Market Trade or markettrade.live.

  • E22The Reserve Bank of India's Alert List of platforms not authorised to deal in forex, complete at 95 entries and updated on 19 November 2025, does not include Market Trade or markettrade.live. The list states that it is not exhaustive and that an entity not appearing on it should not be assumed to be authorised by the RBI.

  • E23Trustpilot holds no review profile for markettrade.live at all, the Facebook page is recorded as not yet rated with zero reviews, and the Android app has too few ratings to display a score. No complaint describing a refused withdrawal, a frozen balance or a demand for payment to release funds was found on any platform.

  • E24No licence number, legal entity name, registration number, registered address or brand belonging to another company appears anywhere on the site. Market Trade trades under its own generic name and does not impersonate a regulated firm, so this is not a clone case.

The Google Play listing for the Market Trade app, published by a private individual rather than a company, with its privacy policy pointing to markettrade.live.
A search of the IOSCO alert database, covering the warning lists of more than 150 regulators, returning no warnings for this domain.
Market Trade's account opening form, which requires only a name, email, password and WhatsApp number with no identity verification of any kind.

The other side

The strongest case in this broker’s favour.

The case for taking a softer view, tested properly rather than listed for form.

  • Nobody has reported losing money. This is the strongest point in the broker's favour and it deserves to be said clearly. Across Trustpilot, Google Play, Facebook and open forum searches we found no account of a refused withdrawal, a frozen balance or a demand for a fee to release funds. Several of the testimonials the site publishes specifically praise fast payouts. It is entirely possible that clients who ask for their money are paid.
  • It is a real, working business, not an empty shell. The site is live and maintained, the account form works, there is a published Android app with thousands of installs, and the Telegram, YouTube and Facebook channels were all posting within the last day. That is not the profile of a site built to vanish next week.
  • It is not impersonating anyone. We checked this specifically. Market Trade quotes no other firm's licence number, borrows no other company's name, registration number or address, and claims no regulator it does not have. It is a generic brand operating under its own name. Many of the worst cases we see are clones; this is not one.
  • No regulator has acted against it. There is no entry on the RBI Alert List, no warning in the IOSCO alert database, and no enforcement action or court record naming this brand or domain that we could find.
  • Was the dabba content just search bait? We considered seriously whether those pages are written to capture search traffic rather than to describe the business. They are not. The page does not explain dabba trading neutrally, it sells it and then names Market Trade as the place to do it. The homepage title itself carried the term in February 2025. And the product only works off-exchange: 500x intraday leverage, 50x overnight on shares, zero statutory tax, no identity checks, and terms permitting the deletion of executed trades. The marketing matches the mechanics.
  • Is it a prop firm or an introducer that needs no licence? No. It takes client deposits by UPI and bank transfer, the client expects that principal and any profit back, and the operator stands on the other side of the trade. It is a deposit-taking brokerage on any reading.
  • Could a licence simply be pending? The operation has been running since early 2025 and advertises the absence of SEBI oversight as a selling point. This is not a firm waiting on paperwork.

Where that leaves us: the absence of complaints is why this report says likely rather than confirmed. It is not why it could say safe. A platform that holds your money with no licence, no company name, no identity checks and a written right to cancel your profits is dangerous whether or not someone has already been hurt.

What would change this

What we would need to see to revise the verdict.

Specific things that would move this verdict in either direction.

  • Toward a harsher verdict: a single credible, detailed account of a withdrawal being refused, a balance being deleted, or a demand for a tax or fee before funds are released. Any one of those, with an amount and a date, would take this to a confirmed finding.
  • Toward a harsher verdict: an entry for markettrade.live on the RBI Alert List, a SEBI or exchange notice naming the brand, or an enforcement action against whoever runs it.
  • Toward a softer verdict: a licence number from a real financial regulator, published on the site with a link to that regulator's own register, where the register shows the licence active and held by an entity Market Trade actually names as its own.
  • Toward a softer verdict: a named, verifiable operating company with a registration number in a stated jurisdiction, published in the terms, together with evidence that client deposits are held in segregated accounts.
  • Toward a softer verdict: removal of the terms that permit the company to remove profitable trades and block funds, replaced by ordinary dealing terms with a stated governing law and a dispute route.
  • Toward a softer verdict: evidence that orders are genuinely routed to NSE, MCX or any recognised exchange, which would mean contract notes with exchange order and trade identifiers that can be checked against the exchange.
  • On the history: a named predecessor domain or company with archive or registry records back to 2018 would substantiate the founding claim. Without one, the 2018 and 2020 claims stay unsupported.
  • What would not change it: more five-star reviews, more followers, or a bigger advertised client count. The scale claims are already contradicted by the operation's own public channels.

Frequently asked questions

Quick answers about this broker’s safety.

15 questions
Is Market Trade a scam?

We rate it a likely scam at 85 percent risk. It holds no licence from any financial regulator, names no company anywhere, and its own website describes a service in which trades are settled internally instead of on a stock exchange. Its published terms also allow it to delete profitable trades and block funds. We would not deposit money with it.

Is Market Trade a fraud?

No regulator or court has made a finding of fraud against Market Trade, so we do not state that as a fact. What we can say is that we assess the risk of fraud as high, for concrete reasons: no licence, no identifiable company, no identity checks, and contract terms that let the operator cancel your winning trades without notice.

Is Market Trade regulated?

No. It names no regulator and no licence number on its site, in its terms, in its privacy policy or on its app listing. SEBI's register of brokers in the commodity derivatives segment, current to 16 October 2026, holds no record for it, and the Malta Financial Services Authority register returns nothing under the name.

What is dabba trading, and is Market Trade doing it?

Dabba trading is betting on share and commodity prices without the order ever reaching a stock exchange, with the operator settling the result in its own books. Market Trade publishes a page promoting exactly this and names itself as the place to do it. SEBI states that dabba trading is an illegal and unregulated form of trading in securities.

Can I withdraw my money from Market Trade?

We found no reports of refused withdrawals, and the site advertises payouts within ten minutes. But the terms you agree to say the company can remove all profitable trades without any prior information and can block funds, and because trades never reach an exchange there is no independent record of your position to appeal to.

Is my money safe with Market Trade?

No. There is no licence, no named company, no evidence that client deposits are held separately from company money, and no regulator or compensation scheme standing behind the platform. If the money is not returned, there is no authority to complain to and no entity to sue.

Who owns Market Trade?

No owner or company is disclosed. The site lists a Mumbai street address and a Malta town square but no legal entity. The only verified identity in the operation's paper trail is the Google Play developer behind its app, a private individual named M A Shuab Ratan at a college hostel address in Sylhet, Bangladesh, using a Gmail address.

How old is Market Trade?

About two years and seven months. The markettrade.live domain was registered on 18 March 2024 and was still on a holding page two days later. The site advertises 'Founded in 2018' on one page and 'since 2020' on another, and neither is supported by any record.

Is 500x leverage on NSE and MCX real?

Not from a registered Indian broker. SEBI's margin rules require brokers to collect the full exchange-set margin upfront, so 500x intraday on futures and 50x overnight on a share are not possible if the order is actually sent to the exchange. An offer like this is a sign the trade is being kept in-house.

Why does Market Trade advertise zero tax?

Because it is not reporting the trades. Securities transaction tax, commodities transaction tax, stamp duty and GST are statutory charges in India that no platform can waive. A zero-tax promise on Indian exchange products indicates the transactions are not going through the exchange at all.

Is Market Trade a clone of another broker?

No, and we checked specifically. It does not quote another firm's licence number, borrow another company's name, registration number or address, or claim a regulator it does not hold. It is operating under its own generic brand.

Has any regulator warned about Market Trade?

Not that we found. It is absent from the RBI Alert List of 95 unauthorised forex platforms updated on 19 November 2025, and a search of the IOSCO alert database covering more than 150 regulators returns no warnings for this domain. The RBI list adds its own caveat: an entity not appearing on it should not be assumed to be authorised.

What should I do if I lost money with Market Trade?

Gather every record you have, including deposit receipts, UPI and bank references, order history and chat logs. Tell your bank at once so the receiving account can be flagged. In India, report it on SEBI's SCORES platform and to the National Cyber Crime Reporting Portal at cybercrime.gov.in. Do not pay anything further to anyone promising to recover the funds.

Why are there no reviews of Market Trade anywhere?

Trustpilot has no profile for markettrade.live, its Facebook page shows no reviews, and its app has too few ratings to display a score. That absence sits badly beside the site's claim to have served more than 150,000 traders, when its own Telegram channel has 511 subscribers and its YouTube channel 459.

Should I become a Market Trade sub broker?

We would not. The platform offers a 'guaranteed salary structure' plus brokerage sharing for introducing clients. Introducing clients to an unlicensed platform that is operating a model India's regulator calls illegal can expose you personally, and the terms make the introducer liable for disputes and payments.

What we recommend

The practical takeaway from everything above.

Our advice

Our advice to anyone considering this platform, and what we suggest the broker page should say.

  • Do not deposit. There is no regulator to complain to, no exchange record of your trades, no named company to pursue, and terms that let the operator cancel profitable positions.
  • If you already have money there, withdraw it now, in full, and keep every record: deposit receipts, UPI and bank references, order history, account manager names and chat logs.
  • Never pay a further amount to release a withdrawal. No legitimate tax, fee, insurance or verification payment is ever required before funds are returned. A request like that is the point at which losses usually multiply.
  • If you are in India and have lost money, report it. File on SEBI's SCORES platform and with the National Cyber Crime Reporting Portal at cybercrime.gov.in, and tell your bank immediately so the receiving account can be flagged. Participating in off-exchange trading can itself carry penalties under Indian law, which is worth understanding before you act.
  • Verify any broker before you fund it. Search SEBI's registers for the exact legal entity name, and treat an inability to find a company name at all as the end of the conversation.
  • Treat high leverage and zero tax as warnings, not features. In India both are impossible for a registered broker, so an offer of either tells you the trade is not reaching an exchange.
  • Platform recommendation: flag this broker publicly and keep a prominent warning on the page. Correct the country on record from Malta to India, and record that no licence and no legal entity exist.

This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 17, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.

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