When it comes to internet business, safety and security are essential. With so many trading applications available, it can be difficult to determine which ones are trustworthy and which are potentially harmful.
Guru Trade 7 is one such trading application that has gained popularity, particularly due to its appealing features geared at budget-conscious traders. But the issue remains: Is Guru Trade 7 safe to trade? So lets find it out.
What is Guru Trade 7?
Guru Trade 7 is an online trading app that lets users trade a variety of assets such as stocks, currencies, commodities, and cryptocurrency. The minimum investment is only ₹100, making it ideal for budget-conscious traders seeking accessible trading choices. The program provides ₹10,000 in virtual currency, making it ideal for beginners.
Open an account with Angel One– Click here
Features of Guru Trade 7
Guru Trade 7 claims to provide a variety of features that will appeal to traders of all skill levels, particularly those with smaller budgets. Some of the main highlights are:
The program allows users to trade over 50 different types of assets, including stocks, currencies, commodities, and even cryptocurrency. Users can also trade indexes and stock exchanges in key nations.
Guru Trade 7 offers a modest entry point of only ₹100, making it an appealing option for traders. This makes it accessible to traders who may not have a lot of money to invest.
The program offers users ₹10,000 in virtual currency to practice trading without risking their real money. This is especially beneficial for newcomers who want to learn the track of trading.
Guru Trade 7 states that deposits are processed in three minutes and withdrawals take 20 minutes. This quickness appeals to traders who want quick access to their funds.
Risks of Guru Trade 7
Despite the appealing features, there are significant concerns that potential users should consider:
Not SEBI Registered: Of all the facts as presented above, one of the most alarming is that Guru Trade 7 is not registered by SEBI that is Securities and Exchange Board of India.
SEBI registration is mandatory for any trading platform intending to carry out business in India. This implies that, without this registration, there is no legal control by the government and, in case of controversies or problems, users do not have any source to ask for.
Lack of Professional Contact Information: The first step to trying to verify the legitimacy of Guru Trade 7 is to provide the public the details of the app on the Google Play Store About section, including the company information of the app’s developer, Fox Digital Luck, which appears to have fake presence on the Internet.
Also, developers have used a Gmail address for further communication, which greatly discourages users. There is no customer care number or professional email address, this poses a problem to the users as they cannot seek help in case of a certain complication.
High Risk of Fraud: This is the case with Guru Trade 7, as the app is not SEBI registered nor does it provide any other verifiable information from the company it represents.
Some of the ways in which users are likely to lose a lot include: In an attempt to invest, improve, or gamble in the use of the application, one is likely to deposit their money into the app, and it can be very hard to withdraw that money later on; there may be no option for complaints or seeking legal action if the application fails to meet its word.
Open an account with Upstox– Click here
Who is the owner of guru trade ?
Vishal Gupta is the founder of Guru Trade.
What is the minimum withdrawal in guru trade 7 ?
minimum withdrawal in guru trade 7 ₹300 per time.
Conclusion
While Guru Trade 7 has several cost-effective features, its lack of SEBI registration, doubtful validity, and possibility for fraud make it a risky pick. For safe trading, use well-established, SEBI-registered platforms that provide transparency and regulatory control. To summarize, Guru Trade 7 is not a safe trading option.
If you found this post useful, please comment “useful”. And I request you to Please share this post on Facebook/WhatsApp with those who need this.
