Comment on Referrals and rewards
commented on
29 May 2019, 03:07 PM
Hey Varun, this was our earlier model. We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program.