By Kavita Mistry 
The firm further claimed to provide a “100% bonus” on registration, 24/7 customer support, and “guaranteed fast withdrawals in 30 minutes.” It claimed a client base of over five million users and described itself as “India’s highest margin platform.”
Despite promoting trading in NSE, MCX, options, COMEX, and Forex markets, the firm did not mention any SEBI registration or affiliation with any recognised exchange.
The advertisement included two mobile numbers—+91 9555555620 and +91 9555555923—and directed users to a website, www.closefriendstraders.c, a domain that appeared incomplete or invalid.
It also referenced a Telegram channel—@closefriendstraders—and a YouTube channel named dabbatradingmcx. A Facebook link appeared incomplete: /closefriendstraders/dabbatradingmcx. A QR code was prominently displayed, inviting users to “Scan to join us,” allowing registration without regulatory checks or KYC norms.
The fine print of the advertisement included a disclaimer that read, “addictive, please trade responsibly & at your own risk,” highlighting the speculative and high-risk nature of the platform’s offerings.