So does this mean that because Sensibull doesn’t allow these traders/advisors to charge a fee from the users, Sensibull becomes exempt from the regulatory approvals which might have been required for a full-fledged copy/social trading platform?
I had indeed overlooked that Sensibull explicitly mentioned that none of these traders are SEBI registered intermediaries and their trades ideas are only for sharing/education purposes in an internal page (https://web.sensibull.com/ideas-forum-feed)
The traders here are not SEBI registered intermediaries. These ideas are not trade recommendations. They are for the purpose of sharing trade ideas/ education purposes. Please consult SEBI registered intermediaries for investment advice
But I had a query for the @Sensibull team. Will this feature remain free/open for everyone? I ask because I noticed that on the landing page, it is mentioned that this will remain free from Diwali till December -
If Sensibull brings this feature under its paid plans, wouldn’t it become a problem because even though the traders/advisors aren’t directly charging the users for their trade ideas, but Sensibull is charging the users for accessing these trade ideas? Also, I wanted to ask, does Sensibull give any monetary benefit to the traders/advisors for publishing their trade ideas on Sensibull?
In case, there are no benefits for the traders/advisors, why would anyone share their profitable trade ideas? Is it mainly for garnering credibility so that they can launch their investment advisory services in the future?
Personally, I like this feature because Twitter has become a wild west of investment advice where most of the people are only making a profit (as all loss-making ideas are deleted). An impartial platform that allows verifying a person’s trade history and validating their trade accuracy is indeed a good initiative. I am just confused about the regulatory requirements