ITrade DJ: How Prop-Desk Loopholes Cost Retail ₹60 Cr? | A Digital Blogger Exposed Ep-29
A Digital Blogger
48,477 views
In this episode of fake finfluencers series, we unpack the ITrade DJ scam - the Twitter handle of Darsan Joshi. He is apparantely involved in a complex, shady network of funded accounts, prop-desk promises and regulatory loopholes that, according to trader complaints, may have eaten into retail capital to the tune of roughly ₹60 crore (reported figure; not independently verified here).
This video delves into a clear narrative: what people say happened, how the model reportedly worked, where rules were bent or broken, and what SEBI and brokers must answer for.
What this video covers (quick):
Who is ITrade DJ (Darsan Joshi) and his social footprint (Twitter ~109k followers + a Telegram channel with 8–10k members).
The pitch: “funded accounts,” high leverage, profit-sharing and large returns shown via curated screenshots.
The mechanics: investor deposits routed via sub-brokers into a broking house such as Jainam Broking, large leverage taken, and trading executed in ways that allegedly bypass SEBI’s intent.
The fallout: traders claim money is gone; some brokers/authorized persons reportedly “ran away”;
What this reveals about prop-desk regulation vs reality — remote access workarounds, rental terminals, and weak due diligence.
What this case opens up for people?
1. Social influence: A large Twitter + Telegram following was used to attract retail money with screenshots of profits and promises of leverage.
2. Funded account pitch: Retail traders were asked to deposit capital with the promise of being put on “funded accounts” that would receive heavy leverage and professional trading. Investors were promised profit sharing.
3. Routing of funds: Deposits were reportedly routed through a sub-broker network of Jainam Broking, which provided the leverage.
4. Operational bypasses: Weaker points such as rental terminals, remote-desk protocols abused so trades appear to originate from the broker’s office IP, and introduction of non-NISM certified persons as “employees.”
When things go wrong: If a sub-broker or lead “runs away” with money, investors are left exposed; alleged recovery is uncertain and entangled across entities.
Why SEBI and Jainam Broking are in the spotlight:
We refer SEBI orders and penalties against the broking firm connected to the chain (Aug 2024 inspections and penalties), KYC lapses, and weak supervision. Key regulatory questions the video raises:
1. Whose capital was used to provide leverage — retail deposits or the firm’s capital?
2. How are funded accounts being audited and monitored?
3. Why do broking firms with prior penalties still onboard new accounts and introduce sub-brokers without strong controls?
4. Why isn’t there faster suspension of licenses or more effective on-the-spot action when systemic patterns emerge?
If you’re an affected trader:
We suggest filing complaints via SEBI’s SCORES, SMART ODR, or other grievance portals. Keep records of deposits, Telegram screenshots, transaction IDs, and any communications — they matter in technical complaints.
You can reach out to us as well at aseemjuneja.in if you have been scammed in this or any other stock market/online scam or fraud. Your details will be kept confidential.
Install Stock Pathshala for LIVE classes and Webinars now: https://play.google.com/store/apps/de...
Join Our Whatsapp Group: https://www.whatsapp.com/channel/0029...
0:00 - Introduction
2:26 - Who is iTrade DJ?
3:57 - iTrade DJ approached Us
4:16 - iTrade DJ Private Telegram Channel
6:25 - Violations in this case
7:35 - How Prop Desk format is being manipulated?
10:41 - Involvement of Jainam?
12:15 - Green Wall Enterprise Scam
13:21 - Questions to Jainam Broking
15:26 - Questions to SEBI on this
20 Comments
fininfluence . A lots of thanks sir.
ITrade DJ: How Prop-Desk Loopholes Cost Retail ₹60 Cr? | A Digital Blogger Exposed Ep-29
A Digital Blogger
48,477 views
In this episode of fake finfluencers series, we unpack the ITrade DJ scam - the Twitter handle of Darsan Joshi. He is apparantely involved in a complex, shady network of funded accounts, prop-desk promises and regulatory loopholes that, according to trader complaints, may have eaten into retail capital to the tune of roughly ₹60 crore (reported figure; not independently verified here).
This video delves into a clear narrative: what people say happened, how the model reportedly worked, where rules were bent or broken, and what SEBI and brokers must answer for.
What this video covers (quick):
Who is ITrade DJ (Darsan Joshi) and his social footprint (Twitter ~109k followers + a Telegram channel with 8–10k members).
The pitch: “funded accounts,” high leverage, profit-sharing and large returns shown via curated screenshots.
The mechanics: investor deposits routed via sub-brokers into a broking house such as Jainam Broking, large leverage taken, and trading executed in ways that allegedly bypass SEBI’s intent.
The fallout: traders claim money is gone; some brokers/authorized persons reportedly “ran away”;
What this reveals about prop-desk regulation vs reality — remote access workarounds, rental terminals, and weak due diligence.
What this case opens up for people?
1. Social influence: A large Twitter + Telegram following was used to attract retail money with screenshots of profits and promises of leverage.
2. Funded account pitch: Retail traders were asked to deposit capital with the promise of being put on “funded accounts” that would receive heavy leverage and professional trading. Investors were promised profit sharing.
3. Routing of funds: Deposits were reportedly routed through a sub-broker network of Jainam Broking, which provided the leverage.
4. Operational bypasses: Weaker points such as rental terminals, remote-desk protocols abused so trades appear to originate from the broker’s office IP, and introduction of non-NISM certified persons as “employees.”
When things go wrong: If a sub-broker or lead “runs away” with money, investors are left exposed; alleged recovery is uncertain and entangled across entities.
Why SEBI and Jainam Broking are in the spotlight:
We refer SEBI orders and penalties against the broking firm connected to the chain (Aug 2024 inspections and penalties), KYC lapses, and weak supervision. Key regulatory questions the video raises:
1. Whose capital was used to provide leverage — retail deposits or the firm’s capital?
2. How are funded accounts being audited and monitored?
3. Why do broking firms with prior penalties still onboard new accounts and introduce sub-brokers without strong controls?
4. Why isn’t there faster suspension of licenses or more effective on-the-spot action when systemic patterns emerge?
If you’re an affected trader:
We suggest filing complaints via SEBI’s SCORES, SMART ODR, or other grievance portals. Keep records of deposits, Telegram screenshots, transaction IDs, and any communications — they matter in technical complaints.
You can reach out to us as well at aseemjuneja.in if you have been scammed in this or any other stock market/online scam or fraud. Your details will be kept confidential.
Install Stock Pathshala for LIVE classes and Webinars now: https://play.google.com/store/apps/de...
Join Our Whatsapp Group: https://www.whatsapp.com/channel/0029...
0:00 - Introduction
2:26 - Who is iTrade DJ?
3:57 - iTrade DJ approached Us
4:16 - iTrade DJ Private Telegram Channel
6:25 - Violations in this case
7:35 - How Prop Desk format is being manipulated?
10:41 - Involvement of Jainam?
12:15 - Green Wall Enterprise Scam
13:21 - Questions to Jainam Broking
15:26 - Questions to SEBI on this