Dabba trading brokers operate outside of the official stock exchanges, facilitating off-the-record trades. These unauthorized transactions bypass regulatory oversight, often leading to higher risks. Online dabba trading is the digital version of this practice, where brokers offer unregulated platforms for investors to trade without the backing of recognized exchanges. While dabba trading may promise quick gains, it exposes traders to financial and legal risks, as it operates in a grey area without any safeguards from official bodies like SEBI. Caution is advised when engaging in such activities.