In the ever expanding space of online trade and investment which is See also going into a hyper growth mode Upstox has come out as a front runner in terms of which platforms new age traders are using in India. With a very user friendly interface, low brokerage rates, and advanced tools Upstox is also which is also appealing to both new and experienced investors. Also of it’s most appealing marketing strategies is the Upstox Refer and Earn program which puts forth generous incentives to both the referrer and the referred user. Under this program new users are able to get a bonus of Rs 500 which is a win win for all parties involved.
What does the Upstox Refer and Earn program do?
In Upstox’ Refer and Earn program we have a referral based reward which we put in place to get present users to bring in their friends, family and network to our platform. For each successful referral we see both the current user as well as the invited person awarded with cash or wallet based rewards that can be at times used in, or transferred through, the app.
Presently, we see that new users are given out a credit of ₹500 to their account which they get after signing up via a referral link and finishing the onboarding process. This is an attractive deal for people which are looking to open a Demat and trading account with Upstox.
How Does the Program Work?
Here is a detailed look at how Upstox referral process works:.
1. Existing User Shares Referral Link: Present User Shares Referral Link:.
- Each Upstox user is issued a special referral link.
- This is for you to share via WhatsApp, SMS, email or social media.
2. New User Signs Up: New Member Joins:.
- The new user clicks on the referral link and goes through the account registration.
- The user is to finish KYC (Know Your Customer) and attach their bank account.
3. Complete your first trade or add funds:.
- To get the free ₹500 we require that the new user make an initial deposit or put in a first trade.
- Once these criteria are met the bonus is credited within a few work days.
4. Earned Bonus is Credited: Earn out the bonus which is added to your account:.
- The one which refers also gets a referral award which may range from 300 to 800 rupees or more per referral.
Benefits of the Upstox Referral Program
1. Instant Returns for New Users.
The $500 welcome bonus is a great introduction for people that are new to the stock market. It puts forward a low financial risk and also provides a great starting point for investment or trading.
2. Affiliate Income.
The referral program we have is a great way for Upstox users to earn passive income. For each successful referral you can earn between Rs 300 to Rs 800 and also there is no limit to the number of friends you can refer.
3. No cost opportunity.
Neither at the start do the referrers nor the new users have to put in large sums of money to get into this. It is a free entry into the trading and earning world.
4. Straightforward, Open Process.
The app tracks from the time a referral is sent out till the reward is given out. Upstox reports in real time on the status of referrals which in turn makes it easy to manage and track your earnings.
Eligibility and Terms
To provide you with a seamless experience and to get the ₹500 bonus you should know the eligibility criteria:.
- Only first time users which have not registered with Upstox are eligible for the referral bonus.
- At the time of signing up the referral code has to be used. Should you forget to use it the reward may not be given.
- New user must complete all KYC processes and verify account.
- The bonus will only be given out after you do a qualifying action like adding funds or doing the first trade.
- Bonuses will go into Upstox Wallet, Upstox Ledger, or in some cases to the bank account.
How to Maximize Your Referral Earnings
Here are some tips if you want to get the most out of this program:.
- Promote on Social Media: Share out your referral code on Facebook, Instagram, Twitter, and LinkedIn to reach out to a larger audience.
- Create Tutorial Videos: If you run a YouTube channel or blog, post on what it is like to use Upstox and put in my referral link.
- Educate Your Network: Upstox has a lot to offer and we will break down what those are and also go over the account opening and trading processes in detail to get you signed up.
- Time It with Market Trends: During times of market excitement, that is, when there is a new tech IPO launch or a bull run in the markets, promote your referral link also to that which has grown interest and participation.
Conclusion
The Upstox Refer and Earn program isn’t your average marketing ploy we have a chance for our users to profit at the same time as they help put others on the path to investment. We also provide a $500 bonus for new users and we have very attractive offers for our current customers which puts us ahead in the broker competition.
Whether you are a new investor or a veteran trader when you join Upstox via a referral you also get a financial edge in addition to which you connect with a growing community of smart investors. If you are at the start of your trading journey or just looking to make some extra cash, jump into the Upstox Refer and Earn program today.
