Affiliate & Referral Disclosure
Effective Date: October 2026 • In Compliance with FTC & ASCI Disclosure Guidelines
"Some links on DematRefer may be referral or affiliate links. We may receive a commission or incentive when eligible users complete qualifying actions through these links. This does not change the amount you pay unless the offer specifically provides an exclusive discount, voucher, or signup bonus."
1. How Our Business Model Works
DematRefer is 100% free for all readers. We do not charge subscription fees, paywalls, or premium tiers for viewing broker comparisons, IPO Grey Market Premium (GMP) updates, or finance guides.
To support server infrastructure, database queries, and editorial fact-checking, we participate in official affiliate and refer-and-earn programs offered by stock brokers, UPI payment applications, and gift card platforms.
2. Specific Referral Relationships
📈 Stock Brokers & Trading Apps
When you click on our "Refer Now" button and open an account with brokers like Zerodha, Upstox, Angel One, Kotak Neo, 5paisa, m.Stock, Choice Demat, or Groww, we may receive a one-time referral bounty or a percentage share of net exchange brokerage paid over time, as governed by the broker’s official partner policy.
💳 UPI & Digital Payments
When you register via our invite links for PhonePe, Paytm, Navi, or MobiKwik and complete a qualifying first bank transaction or digital gold purchase, DematRefer may receive promotional cashback or reward points.
🎁 Gift Card Marketplace (Crafin)
Links directing to Crafin for buying and selling brand gift cards use our verified partner referral code (CRFCSXB), which provides the user with an extra +0.5% bonus on gift card sales while helping support DematRefer.
3. Zero Additional Cost Guarantee
Using our referral links never increases your fees, trading brokerage, or account maintenance costs. Brokerage rates in India are strictly mandated by SEBI and broker tariff filings; whether you register directly on a broker’s homepage or via DematRefer, standard rates apply.
In numerous instances, signing up through an official referral invitation unlocks promotional advantages not available through direct signups, such as first-year free AMC, shopping vouchers (e.g., ₹500 on Angel One), or welcome reward points.
4. Unbiased Editorial Promise
Our editorial evaluations, broker comparisons, and guides are conducted independently of affiliate payouts. If a broker carries drawbacks—such as mandatory call-and-trade charges, non-functional web platforms, or annual maintenance fees—we clearly state them in our detailed reviews. We prioritize reader trust above any short-term referral incentive.