Zero intraday brokerage & exclusive Youth Plan for traders under 30.
- Zero intraday brokerage on F&O and Equities
- Free Youth Plan for traders under 30 years
- Instant margin trading facility & TradingView charts
Top Stock Broker Referral Programs in India
Discover the most lucrative stock broker referral programs and trading app referral incentives in India. Whether you trade intraday equities, F&O derivatives, or invest for long-term wealth, compare brokers that reward you for onboarding friends and fellow traders.
India's pioneer discount broker with robust Kite trading terminal.
- 10% lifetime brokerage sharing from your referee trades
- 300 reward points per successful account opening
- Zero equity delivery charges and low flat ₹20 F&O brokerage
Backed by Ratan Tata with instant paperless DigiLocker account opening.
- High cash rewards per successful referral invite
- ₹0 maintenance on basic plan & zero equity delivery brokerage
- Lightning-fast Pro web and mobile charting platform
Premier full-service discount broker offering free digital onboarding.
- ₹500 shopping gift voucher (Amazon/Flipkart/Myntra)
- ₹0 AMC for the first year of account maintenance
- SmartAPI, ARQ Prime robo-advisory & TradingView charts
Lifetime zero brokerage across Equity Delivery, Intraday, and F&O segments.
- 48-hour rapid ledger credit for eligible accounts
- Lifetime zero brokerage on delivery, intraday, and F&O
- Backed by Mirae Asset Global financial group
Comprehensive 3-in-1 Demat, Trading, and Axis Bank Savings account.
- ₹300 direct ledger benefit on successful account opening
- Seamless 3-in-1 account integration with Axis Bank
- Comprehensive research reports and fundamental stock analysis
Flat ₹20 per trade discount broker with industry-best referral sharing.
- ₹300 flat signup bonus on successful account activation
- 30% perpetual lifetime brokerage revenue sharing
- Instant trading wallet credit and withdrawable payouts
Invest Smartly with Choice Demat Account. Zero account opening charges and advanced trading platform.
- Flat ₹300 reward on first trade (min ₹50 on NSE)
- Zero account opening charges and dedicated advisory
- Lead tracking up to 7 days, payout after validation
Clean and beginner-friendly platform for stocks, mutual funds, and IPOs.
- ₹0 Lifetime AMC with zero account opening maintenance charges
- Instant online paperless KYC within 5 minutes
- Direct mutual fund investing at 0% commission
Frequently Asked Questions
How does lifetime brokerage sharing work in stock broker referral programs?
Brokers like Zerodha (10%) and 5paisa (30%) share a percentage of the net brokerage fees generated by your referred traders continuously as long as they trade on the platform.
Are referral rewards from stockbrokers taxable in India?
Yes, referral earnings, cash rewards, and brokerage commissions may be subject to applicable TDS (Tax Deducted at Source) and should be reported under income from other sources as per Indian Income Tax regulations.