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This policy explains important aspects of Referral Incentive Scheme (“Referral Incentive”) for referring prospective clients to Open a Demat and Trading Account in Definedge Securities Broking Private Limited (“Definedge Securities”).
As per the recent guidelines by SEBI as given in the NSE Circular (Ref no. NSE/INSP/63425), brokers are prohibited from paying referral commissions to individuals not registered as Authorized Persons (AP).
Accordingly, since 1st September 2024, our brokerage referral incentive policy has been changed and we will no longer be offering an incentive of 10% of brokerage revenue generated by your referred individuals.
To ensure that your experience remains rewarding, we have updated our Referral policy as below.
All Definedge Securities demat account holders are eligible to receive referral incentive for referring friends /family members /prospective clients to Definedge Securities.
Each demat account holder has a unique referral link which they can find on their MyAccount dashboard.
The referrer will earn a referral incentive of 300 wallet points for each client that opens a Definedge Securities demat account using their referral link, till such time that Definedge Securities continues to carry on this Referral Incentive Scheme, if all the following conditions are met:
For every client that successfully opens their Definedge Securities demat account using your unique Referral link, you will receive 300 points in your MyAccount wallet.
You can use your Referral Wallet Points whenever you buy the PRO Subscription of the Definedge Securities products. You can also use these points to pay your AMC charges.
Please Note – These wallet points cannot be used against brokerage or while registering for our training programs.
I/We, having a trading account with Definedge Securities Broking Private Limited (hereinafter referred to as “Definedge Securities”) hereby agree to and declare the below points with respect to accepting any payment/incentives from Definedge Securities, with respect to any referral bonus or marketing fee or incentives from Definedge Securities: