Terms and Conditions of Referral

1. All referrals must complete their account opening process & have their trading and demat account.
2. All the referral earnings will be credited to your trading account during the first week of every month.
3. Each referral is valid for only 45 days from the date of referral to the date of account opening. Any open referral that is not converted into an account within 45 days will not be considered a referral.
4. If a person is being referred by two individuals, then the person who has referred first (subject to referral validity in point 3) will be considered.
5. The mobile number or email ID at the time of referring and opening an account should be the same.
6. If the details provided for referrals are incomplete/incorrect/invalid, the Referrer who has provided the reference shall not be entitled to any reward under the Referral Program.
7. The Referrer confirms having obtained the consent of the person referred for providing his/her details.
8. In case of any dispute, the decision of the management will be final.
9. FLATTRADE reserves the right to withdraw this offer at any time.
10. The referring person should not undertake any form of selling/advisory activities with respect to 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.
11. 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.
12. 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.
13. 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.
14. The Referrer shall not make any false promises to the prospective customers with regard to the brokerage and other charges.

Note: 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 any documents pertaining to the Referrer himself / herself or any of the clients / prospective customers.