General

Refer and Earn Forever! 2 Easy Steps for a Permanent Passive Income

refer and earn fyers

Patrons,

To help bring awareness about us, we have devised a unique refer and earn program which will not only help your friends have a better trading / investing experience, but also generate a permanent passive income for you. We thank you for your ever-increasing support which has motivated us to provide you the best trading platform in India and constantly improve it based on popular feedback. So far, it has been an enriching experience for us as we continue to learn and evolve in ways that will benefit the trading and investing community by leaps and bounds.

How to Refer and Earn:

1. Open a free trading account – To be able to refer and earn, you will need to open a free trading account with us. Unlike other stock brokers in India, the account opening process is very simple and fast. Once your account is opened, you will be registered with us as a client.

2. Refer your friends – All you should do is refer your friends by giving us their details. Thereon, it becomes our responsibility to get in touch with them and diligently help them get started with us. When they are registered with us as clients, they will be mapped under you as referrals forever. That’s it! You will never have to do any work to earn a passive income.

3. Friends transact – Once your friends become our clients, they will transact using our trading platforms. We earn a fee per transaction. To know more about our charges, please visit our Brokerage Calculator. How much your friends trade is really up-to them. Unlike other stock brokers in India, we do not force our clients to compulsorily trade or give them ill advice to generate excess brokerage income. At Fyers, the client has complete freedom and we are 100% transparent with our pricing model.

4. Earn passive Income – We share 10% of the revenue generated by the referred clients with you on a monthly basis. Once a client is mapped under you, he will be mapped for life! So, each successful referral is potentially a permanent source of passive income. There is no upper limit to the amount you can earn! Also, you are not required to invest your precious time and money to achieve this. To estimate your earnings, try out our Referral Earnings Calculator.

refer and earn process (1)

From the process mentioned above, you must only follow the first two steps. Our job is to make your life easier so that you can refer more friends and colleagues while we take care of the rest. Our processes and follow-up mechanism is very robust. Rest assured, you are in good hands.

refer and earn fyers

This is how we say Thank you!

How to refer a friend: As shown in the screenshot below, you will need to give all the necessary details of your friend. Friend’s name, Friend’s contact number, your name and your FYERS client ID are mandatory details so that we can go ahead and help you generate passive income. Although e-mail is not mandatory, it would be great if could provide us with it so that we can communicate with them more effectively.

refer your friends and earn

How to refer and earn fyers

How to estimate Referral Earnings:

You can use our referral earnings calculator. It’s an easy-to-use tool which is free to use on our website. Enter the number of successful referrals and try to estimate the average number of transactions per person. Although this can be different from the real earnings from our refer and earn program, you can get a rough idea of the passive income potential through us. Below is a screenshot of our referral earnings calculator.

referral earnings calculator

How to keep track of referrals:

You can see your references in our Back Office. Visit back office site, login as a client with your credentials. Once you are logged in navigate to Master –> Client Master View –> Reference details.

refer and earn back office reports

You could see your referrals if you have any as in the screenshot. Another way of referring is to call us at 080-46251111 & giving us the details of referee. Our colleagues would ask you your client ID, so that they can map your referee under you. You can also mail us the details of the person you refer at sales@fyers.in which makes your work much easier.

Is FYERS the best stock broker to refer and earn?

Our mission is to make investing/trading simple for everyone regardless of their proficiency. After experiencing the complacency of stock brokers in India, Fyers was formed as a crusade to change the way investing is done in India. As a fully bootstrapped firm, we are working round the clock to ensure that you get the best and most reliable trading experience. This refer and earn program is your chance to encourage us to beat the odds and accomplish what we’ve set out to achieve.
In terms of rewarding the referrers, your one-time effort will yield you a lifetime of passive income. We believe that this model is sustainable to help us grow together. We’re looking forward to your continuous patronage.

Tejas Khoday

Tejas Khoday

Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.

31 Comments

  • Avatar Jayakumar J says:

    Hi Tejas one of my friend referred me to Fyers and I have started trading in it. But my BO is not showing his name under Remeshire in KYC. Also my friend could not see my client details under referral commission. I have raised two tickets to support both are still open and the support is saying that my account is properly mapped to my friends referral comission. And the support says that I should have generated a minimum of Rs.100 for my friend to receive referral comission which I agree but my friend referred few other people as well where he finds their client details under referral commission who generated a comission as low as 0.5rupees. I am really fed up contacting the support and waiting for around 2 months to get this resolved. Please help me in finding a solution for this. These are my open tickets 7417305, 3524177

  • Avatar Suraj says:

    Will my friend get any benefit if he opens an account with fyers using my refer id?

  • Avatar Rushiraj Veer says:

    I have seen 10% in all of the comments, but on the official refer and earn page it is 20%, so exactly how much sharing revenue is been passed from a referred friend.

  • Avatar Rama karthikeyan Fv says:

    Hi Tejas,
    My name is Rama , we met in the traders carnival – Coimbatore
    Hope you still remember me
    I refereed 5 of my friends 6 months back, Iam Unable to view the referral commissions Under my account/back office – and the money is not credited to my account as well
    if i call the help desk, they are also not providing the commission amount till date
    Every time i call in they are telling tool issue since 6 months – i didn’t receive any money till date for people whom i referred
    Kindly address this issue as earliest

    • Tejas Khoday Tejas Khoday says:

      Hey Rama, Thanks for writing to me. Do give me your client ID. We shall arrange a callback and have this fixed without fail if it has happened. Don’t worry about it. Make sure to write to support@fyers.in and mark me in cc.

  • Avatar Mahavir says:

    I have referred 5 friends to Join Fyers. Please make sure they are under my name for future commissions.

    • Tejas Khoday Tejas Khoday says:

      That’s awesome. of course, upon opening the account, they will be mapped to your client ID forever.

  • Avatar Ashutosh Das says:

    I’m an NRI, can I too get benefit on referrals? Are there any other guidelines for NRIs?

  • Avatar Jeet says:

    is it possible to transfer wallet money directly to trading account?

    • Tejas Khoday Tejas Khoday says:

      Nope. You can transfer money into your trading account only through the registered/linked bank account. Wallets are not allowed by the regulator as of now.

  • Avatar Shlok says:

    i am a client of yours and i have referred 2 of my friends. Where can i find the details of my referrals?

    • Tejas Khoday Tejas Khoday says:

      Hi Shlok, you can find it in the back office login. I have mentioned in the post itself. Have a look.

  • Avatar Anjali says:

    Quite interesting.
    I am not client of Fyers. Can i refer my friends and earn money?

  • Avatar Guru says:

    very interesting.

  • Avatar Tarun says:

    What about Business associate model ? what is you are offering in that..

  • Avatar Niranjan says:

    When will i get the 10% revenue after referring my friend?

  • Avatar Hirendra says:

    The revenue i generate by referring a friend can only be used for trading or can i take to my bank account?

  • Avatar Bhanu says:

    Is there any chance that you can increase 10% revenue if i refer more friends?

  • Avatar Ramanuj says:

    I have already reffed my friend to the Fyers, now I am eligible to get referral benefit?

  • Avatar Ayush singh says:

    If I referred friend and my friend will refer his friends ll I get benefit from that?

    • Tejas Khoday Tejas Khoday says:

      Ayush, what you are referring to qualifies as chain marketing. Nope, to our knowledge it is not fully compliant and chain marketing schemes are heavily discouraged by our government. But you can refer as many friends and colleagues as you want without any upper limit.

  • Avatar Mohammed Ali says:

    The referral benefit will add to my Bank account or trading account?

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