All referrals must complete their account opening process & have their trading and demat account.
All the referral earnings will be credited to your trading account during first week of every month
Each referral is valid for only 45 days from the date of referral to the date of account opening. Any open referrals that is not converted as an account within 45 days will not be considered referrals
If a person is being referred by 2 individuals, then the person who has referred 1st (subject to referral validity in point 3) will be considered.
The mobile no or email id at the time of referring and opening an account should be the same.
If the details provided for referrals are incomplete/ incorrect/ invalid, the Referrer who has provided a reference shall not be entitled to any reward under the Referral Program.
The Referrer confirms of having obtained the consent of the person referred for providing his/her details.
In case of any dispute, the decision of management will be final.
FLATTRADE reserves the rights to withdraw this offer any time.
The referring person should not undertake any form of selling/advisory activities w.r.t securities and should not manage the portfolio of any person who is being referred. He/she should strictly limit his/her role to “Referral” only.
The referred client shall not be subjected to any kind of trade inducement by the referring person and it shall be ensured that all instructions for placement of orders are obtained from the respective clients only.
All the details/information pertaining to the client shall be maintained confidentially and the same should not be disclosed to any person except as required under any law/regulatory requirements or with the express written permission of the client.
The Referrer shall have no authority to prescribe the brokerage rates applicable to the clients and shall have no authority to change the brokerage rates as mentioned by FLATTRADE.
The Referrer shall not make any false promises to the prospective customers with regard to the brokerage and other charges.
FLATTRADE shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice and take necessary legal action against the Referrer if found that the Referrer has provided false information about himself / herself or has forged and documents pertaining to the Referrer himself / herself or any of the clients / prospective customer.
Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSC, MCX
Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.
Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).
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