How to Verify a Genuine SEBI-Registered Broker/Advisor in India (2025 Complete Guide)

 

Learn how to verify SEBI registration, confirm details directly with companies, and avoid fake brokers/advisors using stolen SEBI numbers & fake SEBI-stamped PDFs.

Introduction

Many scammers claim to be SEBI-approved by showing a registration number or even a “verified PDF.” In reality, most of these belong to genuine companies — but scammers copy-paste details and prepare their own fake certificates with SEBI stamps.

So, it’s not enough to just check the SEBI website — you must also cross-verify directly with the registered company.

1. Check the SEBI Registration Number

- Every registered broker/advisor has a unique SEBI registration number (INA000xxxx or INZ000xxxx).
- Search it on SEBI’s Intermediary Portal.
- But beware: scammers often use someone else’s valid number.

2. Confirm with the Company Directly

- If a broker/advisor shares a SEBI number, also note:
  • Company name, address, contact details, email ID
- Go to the official company website listed on SEBI portal.
- Call or email them → ask if that person is really connected with them.
- Genuine companies always confirm whether the person is authorized.

👉 If the company denies → you’re dealing with a scammer using stolen credentials.

3. Fake SEBI-Stamped PDFs (Big Red Flag)

- Scammers share third-party bank account details for payment.
- To convince you, they attach a “verified” PDF with SEBI stamp of approval seal.
- These are 100% fake documents — created by scammers to fool investors.
- Genuine brokers never send stamped PDFs for payment approval.

👉 Rule: If payment request comes with a random SEBI-stamped PDF → it’s a scam.

4. Verify on NSE/BSE & Depositories

- Check NSE, MCX websites for broker listing.

- Verify demat services with NSDL/CDSL using DP ID.

5. Identify Scam Processes

- Even with fake PDFs & stolen SEBI numbers, scammers follow similar tricks:
  • Add you to WhatsApp/Telegram groups
  • Give stock tips daily
  • Slowly divert you to a fake trading platform
  • Demand payments to third-party accounts
  • Show fake profits → block withdrawals

6. Other Red Flags

- Gmail/Yahoo instead of company email.
- Office address unverifiable on Google Maps.
- No paperwork, only WhatsApp/Telegram promises.
- Push “guaranteed profits.”

Conclusion

Verifying a broker/advisor is a two-step process:
1. Check the SEBI registration number on official portals.
2. Confirm directly with the registered company and ignore any fake PDFs or stamped documents.

👉 Rule: If payment goes to a third-party account + PDF with SEBI stamp → it is definitely a scam.