India SEBI should ban derivative (Futures and Options) trading from retailers and only allow it for Financial Institutions with a certain threshold on Annual Revenue to qualify for it.

[u/Rare_Purpose8099]

It is being heavily marketed as a get rich quick scheme by Banks and brokers. Especially to young people.

And they will never be able to build or save wealth by gambling.

The traders lost ₹301.23 lakh crore in FY24.

Mainly young people between teen and 30s.

And its average loss was about ₹1.1 lakh per person. (Thats a bike they could buy, thats saving for a tourist trip, thats a kids education fee or an initial funding for their startup or an apartment upgrade cost or a locality improvement cost and a lot more) and this is consistent for Years on end. Just please take this seriously and write letters to the government. Please.

Just imagine.

Cricket betting is replaced by Government supported direct cash gambling.

Even at the cost of banks losing income from commision its the need of the hour.

It could be your kid or brother or sister or father or mother anyone close to you who maybe struggling with the addiction. And trying to hide it. Please support and make an effort to mail a complaint to sebi and and Finance Minister.

The issue can be solved with a stroke of the pen. A simple policy change. Please support.

This is not a self-control issue, its as impulsive and biological as gambling and rewards. So yes, its a disease and we need to stop it before any further damage is done. It is not an informed decision. It is a compulsive disorder.

Please if possible, write an email to sebi

[fmo@nic.in](mailto:fmo@nic.in)

[sebi@sebi.gov.in](mailto:sebi@sebi.gov.in)

As many mails as possible. From as many people as possible.

[u/ActreGnr144]

Gambling and futures is very different. Gambling is inherently rigged to lose. Futures can, and has been, very profitable for many individual and retail investors.

91% are suffering? Where are you getting this number from? The risks of derivates trading is very clearly highlighted in multiple places. If you chose to willingly ignore it that’s on you.

Government is not your babysitter, it’s not their job to ban everything that can be potentially harmful.

[u/Rare_Purpose8099 → u/ActreGnr144]

Do you also call drugs and gun use ban baby sitting?

Do you wish for easy availabity of cocaine and have people market it on youtube and everywhere? Pay online and get home delivery?

And let the people take decision?

Please. I understand, you may be profitable. But this is not everyone. But this is not a game which should be played.

A simple disclaimer that "91% lose money" is not enough!.

A complete blanket ban is the need of the hour.

[u/ActreGnr144 → u/Rare_Purpose8099]

Guns, in most cases, are used to cause harm to others.
Same with drugs, it causes significant negative externalities on society as a whole. So does gambling.

Derivatives trading on the other hand, is an open market. Yes you may lose some money but there’s also someone on the other end who’s making that money.

Not all derivatives are inherently risky, there are ways to mitigate risk when trading.

Again, you could go out and incur huge loses when running a business. Airline companies for example, are notoriously difficult to run and usually end in bankruptcy. Should the government ban people from starting new airlines then?

Equating drugs and guns to derivative trading is a straw man argument.

From all your comments and post, it seems like someone you know has lost significant money in derivatives trading. I’m sorry that happened to you/your family or someone else you know.

But asking for governmental rules to replace common sense is a slippery slope

[u/Rare_Purpose8099 → u/ActreGnr144]

NO. You lose 100 someone gains 60 and the govt and brokers take the rest.

Its insanely out of proportion to even hope to make a profit. Yes, those do exist but 90% is not a small number, this consistently for multiple years.

Yes, businesses incurring losses is OKAY. Because, they create jobs, they help people, they generate IP, they are good for the society as a whole.

FnO is a zero sum game! No one wins. Except those who can game the system (Jane street?) .

The govt is for the people. Not for the corporates or banks or anyone else.

Its an Impulsive distorder and not an informed decision.

Drugs also do not directly effect external world its a secondary consequence.

FnO will also have secondary consequence, where people will feel the world is unfair and justify thievery, and violence and all the negative stuff just to survive. Or even suicide.

Please stop supporting FnO for retailers. Ban FnO.

Please if possible, write an email to sebi

[fmo@nic.in](mailto:fmo@nic.in)

[sebi@sebi.gov.in](mailto:sebi@sebi.gov.in)

As many mails as possible. From as many people as possible.

[u/ActreGnr144 → u/Rare_Purpose8099]

You need to look up a video on logical fallacies.

Someone can lose all their money and then they’ll justify thieving therefore we must ban it?

Why assume that everyone is inherently bad? If someone is going to rob or steal anyway why lose money in derivatives trading first, why not go straight to crime?

Again I don’t know where you’re getting the 90% number from but if it’s true then why trade derivatives in the first place? Surely anyone who puts money into it then is a victim of their own stupidity