With stock trading and investment platforms on the rise in India, brokers are going the extra mile to attract new clients. One way they accomplish this is through attractive referral schemes! Angel One, Zerodha, and Upstox. Three of India’s largest brokers all provide various incentives for introducing friends and relatives. But which one provides the best value for your referral? Let’s get in!
Angel One: Density Rewards with Diligent Privileges
Angel One began in 1996 and is a full-service broker Unfortunately, unlike full service brokers, they do not offer all the incentives The following incentives are however offered Diversified Product portfolio. They offer a very attractive referral program, which emphasizes stability and profitability, which will be interesting for those who are engaged in trading and investing in the long term.
Open an account with Angel One– Click here
Zerodha: Simple but Effective Motivations
It acts as discount brokers and today is India’s largest discount broker; the broker that has a friendly interface to trading stocks. It started in 2010, and due to its effectiveness today, many investors can state it is among the best apps to use. While Zerodha’s referral program is not as exciting as Angel One it is stable and regularly running.
Upstox: Cash Rewards and Ongoing Promotions
The Indian trading scene has recently been disrupted by Upstox known for their quite affordable fees and sleek platform. The particular broker is a discount broker and it aims to make trading as open to as many people as possible, and the same is true for the referral program. I want to note that Upstox has several options that can be attributed to a flexible system of referral, which is suitable for traders and investors.
Referral Programs for Angel One, Zerodha, And Upstox
| Feature | Angel One | Zerodha | Upstox |
| Referral Reward | Cash reward per referral up to Rs 1000. | Cash credit per referral, 10% of all brokerage generated from referred clients. | Cash reward per referral up to 1200. |
| Additional Perks | Access to an exclusive Telegram group with trading insights, stock recommendations | No additional perks | Occasional access to premium tools and services |
| Educational Material | Market psychology lessons, breakout patterns, and candlestick analyses for premium members | None | Occasionally available as part of limited-time offers |
| Promotions & Bonus Offers | Standard referral bonus without frequent promotions | Simple cash-based rewards, no bonus offers | Periodic limited-time bonus offers that increase the referral reward temporarily |
| Account Opening Fee | Free | Free | Free |
| Best For | Users who value educational content and trading insights | Referrers looking for straightforward, no-frills cash rewards | Those who enjoy flexible bonuses and limited-time promotional offers |
| Bottom Line | Ideal for long-term traders wanting educational benefits along with cash rewards | Simple and reliable for those who want a direct cash reward | Great choice for referrers who want to maximize earnings with ongoing promotional opportunities |
Open an account with Upstox– Click here
Conclusion
Each referral scheme has its own strengths. Angel One stands out for its financial rewards and rich educational perks, making it suitable for long-term traders looking for further insights. Zerodha provides a clear, no-frills cash incentive scheme, ideal for individuals who value simplicity. Upstox, with its flexible promotions and occasional bonus offers, is an excellent choice for customers wishing to maximise earnings from limited-time possibilities. Choose the program that best suits your trading style and referral goals!
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