In every industry, there are referral programs. The idea is, if you like the product or service then it makes sense for you to refer to the same within your circle. After all, you are a kind person and would want people you know to get the best in the world. Similarly, in the stockbroking space, there are stockbrokers and Tradesmart is one of them. TradeSmart Refer and Earn program is offered by the very stockbroker.
If you have been using TradeSmart Demat Account and like the way they manage your portfolio, demat account and you get to make a decent profit due to their services, why don’t you refer the brand?
The best part is you get paid for that too.
Looks interesting, right? Let’s get to the details.
TradeSmart Refer and Earn Program
As a client yourself, if you refer TradeSmart as a stockbroker to your family and friends – this is how you will get paid:
It’s simple. You refer an account, you make INR 500 flat. The condition is of course, that this account needs be a trading account. This amount is credited to you once the referral you provided places his/her first trade with TradeSmart.
Not only that, you also get to have a 10% cut of the overall TradeSmart brokerage generated from this referral.
And of course, you can provide as many referrals as you want.
TradeSmart Refer and Earn Example
Let’s dig deeper and take an example for you to understand at length.
There are 2 brokerage plans offered by TradeSmart. Under the TradeSmart Refer and Earn plan, you get a 10% cut nonetheless.
For instance, if you refer 10 clients in a month and each client places 2 trades in a day with 3 lots in each trade. Within the Value plan where the brokerage is charged at 0.007%, the monthly brokerage you will generate is INR 99,275.
That would make the yearly brokerage – INR 99275 X 12 i.e. INR 1,190,700. 10% of that would be INR 1,19,070.
Isn’t that a lot of money? That too, if you refer just 10 clients, could be more if you want.
Similarly, in the power plan (another TradeSmart Brokerage plan), the brokerage is charged at INR 15 per order. In this case, the yearly brokerage you will make is INR 7560. This may not look so much but generally, the discounted brokerage plans work at volume levels.
Hope you get an idea about the potential commercials at length under the TradeSmart Refer and Earn plan.
TradeSmart Refer and Earn Terms and Conditions
Now of course, every business set-up works on specific terms and conditions. So is the case with TradeSmart Refer and Earn plan too. Here are those listed:
- You need to be a client of TradeSmart to avail this refer and earn program.
- The referral must complete the account opening process within the first 30 days from the day of referral.
- Referrals must be trade-active within the first 30 days of their account opening process completion.
- The trade placement could be across any segment including Equity Intraday, delivery or F&O.
- The referrer will get the payment within the first 30 days of trade placement.
Make sure your referred accounts consider the above-mentioned conditions otherwise your referral amount may get disposed of.
TradeSmart Refer and Earn Login
You don’t need a separate login set up for TradeSmart Refer and Earn plan. If you are a client of this stockbroker, all you need to do is reach this page, put in your own client ID and a referral link will be generated.
You need to pass on this referral link to your refers using which they could go ahead and open their demat account with TradeSmart.
The other way to do this is, you could simply put in your referral’s Name, Mobile Number and email id and the Tradesmart Customer Care team will reach out to him/her for the process ahead.
And of course, once their account is opened and the above-mentioned conditions are met, you start making money (forever!).
So that’s it. If you still have any doubts or concerns, feel free to fill-up the form below and we will call you back to assist you: