The modern touch of box trading is the digital threshold

- Also lures and holds customers by giving margins with bonuses, car offers to super tractors etc. These people also keep top cricketers as models for the promotion of the new company

- It is the responsibility of SEBI to ensure that the latest version of Dabba Trading does not attract gullible investors.

Of the 10.7 million demat accounts in India, four million have been opened in the last two years. It is not necessary to assume that demat accounts have been opened only in the wake of the stock market boom as such accounts have also been opened for foreign currency trading etc. Such people are doing business under the nose of strict laws of the government. There are two such platforms for trading simultaneously. Derivatives also offers a product known as the Contract for Difference. This business is run on a large scale in which the people of Hindi speaking state are targeted. Which is known as digital bin trading. Such platforms operate in currencies, international stock exchanges, commodities etc. But this work does not happen with the official stock market but levs inside. Readers will be aware of the business of illegal running box trading.

Dabba trading has been going on on a large scale in North Gujarat and Saurashtra. The coaches are still trading despite the Sebi ban. Digital box trading goes on the internet just like box days. Such digital boxers earn and the customer is deceived. In short what the customer loses becomes the profit of the can.

The digital box platform is widely promoted on social networks, including YouTube. Customers are also attracted using the sponsor post. These people put false awards, put false certificates and deceive people. It also entices and holds customers by offering margins with bonuses, car offers to super tractors etc. These people also keep top cricketers as models for the promotion of the new company. One of these digital boxers sponsored the IPL team and the other sponsored a news portal announcing the budget. In doing so he goes to show that he is doing a legitimate job.

The Reserve Bank has a number of controls on foreign exchange trading. Because of this, it is not possible to trade with a foreign broker. Similarly, trading in four currencies - dollar, euro, yen and pound - can only be done through a licensed Indian broker. It is worth mentioning here that transactions with foreign countries through online portals are illegal.

Such online portals are not members of the Indian Foreign Exchange. He takes advantage of the fact that any of his partner companies are registered with the Securities Exchange Board of India (SEBI).

The working style of digital box trading is also understandable. It gives the client a trade value of 0.1 to 1%. Such platforms do derivative trading on currency and international securities and deposit the money in its bank account in India. Even though the whole dealing is illegal, it is advertised by those people and poses a risk to the people.

If not everyone knows that this illegal business is going on, then the Reserve Bank will consider banning them or SEBI will take any action.

Those who are familiar with the stock market's box trading know that first the boxers build trust and then cry. I.e. cheating. To build trust, digital boxers also wash people by showing various schemes and income graphs. It has become difficult to meet customers after the raids on Dabba Trading that have been going on for years.

However, they have now been replaced by more sophisticated digital dreadlocks. There are many tricks to welcoming customers on the internet. Through digital marketing, such people portray themselves as trustworthy and use celebrities to build a brand image for them. The parent company of Digital Box Trading has servers in the Caribbean island of Malta, Belize, etc. Juridictions on their letterheads are also on the Caribbean island. So the local consumer can do nothing legal.

SEBI has released a four-page document titled Binary Options and Fraud. Digital thresholds are gaining momentum in India. It is the responsibility of SEBI to see to it that the modern version of Dabba Trading does not attract the gullible investors. Digital platforms are also being counted on many platforms for online fraud.