Reported as a scam / unregulated
Why India Advantage is on the register
India Advantage is not a reliable broker for traders even though it states offers that look good to be true. India Advantage claims to be owned and operated by India Advantage Private Ltd, a registered investment advisor registered in the Securities and Exchange Board of India (SEBI). However, SEBI is not a regulatory body that issues licenses for forex trading or regulates entities engaging in forex services. That means India Advantage is not under valid regulation to do forex by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.