Your most expensive customer is the one who blows up in month three
Riskora is a behavioural discipline layer for Indian F&O traders. It measures how a trader behaves — not what they should buy — and it can do that from a tradebook without touching a single order, rupee or piece of customer data.
The problem this addresses
SEBI's published studies have repeatedly found that a large majority of individual traders in the equity derivatives segment lose money. Every broker in India knows this, and no broker has a good answer to it, because the honest answers are all uncomfortable: the losses are mostly behavioural, and behaviour is not something an execution platform is built to change.
The commercial shape of the problem is simpler than the regulatory one. An account that blows up in three months is a customer acquisition cost that never amortised. The lifetime value of a trader who survives two years is not marginally higher than one who survives one quarter — it is a different business. Yet almost every rupee of retail broking spend goes into acquiring the next account rather than keeping the last one alive.
There is also the part nobody writes on a slide: a customer who loses everything blames the platform they lost it on.
Software that reads a trader's own executed trades and tells them, in rupees, what one habit cost them — then lets them write their own limits and holds them to those limits in a simulated environment. It has no view on any instrument and never places an order.
Three ways a broker can use it
These are listed in order of how much work they require. The status labels are accurate as of the date on this page — the first runs today, the other two are conversations, not shipping products.
1 · Point customers at the free tradebook analysis Runs today
Zero integration. A link from your education section, your onboarding email, or your loss-alert flow. A customer downloads the tradebook they already have access to, drops it into Riskora Mirror, and gets a Discipline Score, the single habit costing them the most, and the rupee figure attached to it.
The file is parsed entirely in the customer's browser. Nothing is uploaded — not to us, not to you. That means there is no data-sharing agreement to negotiate before you can start, which is the whole reason this option exists.
2 · A white-labelled discipline report inside your app Would need building
The same analysis, rendered in your brand, embedded where your customer already looks at their P&L. The methodology stays public and attributable so it remains something your compliance team can read in full rather than a black box carrying your logo.
This is a scoped engineering project, not a switch we can flip. We would want a pilot with one cohort before either side commits to it.
3 · A read-only behavioural risk feed Requires legal review first
Riskora consumes trade history through your API, read-only, and returns behavioural flags — a rising revenge-trade rate, sizing escalation after losses, frequency drift. Useful for a risk desk that today only sees margin and exposure, and sees them only after the fact.
This one cannot start with a technical conversation. It needs a written data-processing agreement, a defined retention policy, an explicit customer-consent mechanism, and your compliance team's sign-off. We would rather say that on a public page than discover it in month two.
What Riskora will not do — permanently
These are not current limitations awaiting a roadmap. They are the constraints that make the product legible to a compliance team, and they are not negotiable in a commercial discussion.
- Route orders or touch client funds. There is no execution path to an exchange anywhere in the system. Trading inside Riskora's own terminal is simulated with virtual capital.
- Give advice, tips, calls or recommendations. Riskora has no opinion on any instrument or strategy, and no mechanism to form one.
- Take a revenue share on trading volume. This is the important one. A product paid per trade earns more when the customer trades more — which is precisely the behaviour it claims to reduce. Riskora is priced per subscriber and will stay that way, because the alternative makes every number it shows suspect.
- Sell, share or resell customer data. Not to a third party, not to another broker, not in aggregate as a "market insights" product.
- Guarantee, imply or market improved returns. The score measures consistency of behaviour. It is not a prediction of profit and no partnership material will describe it as one.
The methodology is public
Every threshold and weight behind the Discipline Score is published at riskora.in/score — the 15-minute revenge window, the 1.2× size multiple, the median-plus-1.5σ overtrading baseline, the anti-dilution floor, and the specific cases where the model refuses to produce a number at all.
For a retail customer this is a trust argument. For a broker it is a diligence document: your risk and compliance teams can read the entire model before a pilot, rather than accepting a vendor's summary of it. We would rather be argued with about a threshold than trusted about a black box.
Data handling
| Arrangement | What we receive | What we store |
|---|---|---|
| Referral to Mirror | Nothing. The tradebook is parsed in the customer's browser. | Nothing. |
| Embedded report | To be defined in writing before any pilot begins. | To be defined in writing, with a stated retention period. |
| Read-only feed | Trade history, scoped and read-only, with explicit customer consent. | Derived behavioural aggregates. Retention agreed contractually, not by us unilaterally. |
Riskora's own customer data practices are described at riskora.in/privacy and the market-data provenance at riskora.in/data-sources.
Regulatory position
Riskora is educational software. It is not a broker, sub-broker, investment adviser, research analyst or portfolio manager, does not handle client funds, does not execute trades in live markets, and does not give investment advice — which is why SEBI registration does not apply to it. The full position is at riskora.in/compliance.
We state this plainly and expect your compliance team to verify it independently rather than take our word for it. Any partnership document would carry the same language.
What we are not going to pretend
Riskora is early. There is no broker integration live today and this page is not going to imply otherwise with a row of logos. What exists is a working product that traders use directly, a methodology published in full, and a founder who would rather run one real pilot with one cohort than sign an MoU that produces a press release.
If you are evaluating this, the fastest useful step is to run your own tradebook through Mirror before any call. It takes about ten seconds and it will tell you more about whether this is real than a deck would.
Start a conversation
Partnership, pilot, or a compliance question before either — the same address reaches a human.
Subject line “Broker partnership” gets it read first. Please include the cohort size you would want to pilot with — it changes the answer completely.
See what a customer would see →Riskora is a behavioural training and simulation platform. It is not a broker, investment adviser or research analyst, and nothing on this page is investment advice, a recommendation to trade, or an offer of any financial product. Nothing here constitutes a binding offer of partnership terms; any commercial arrangement would be set out in a signed written agreement.