Earning money by investing or trading in stock market requires deep research and understanding of day to day news trends.
But what if you could earn money without doing anything in stock market?
Does it sounds like something is fishy?
Well it isn’t when it comes to Fyers Referral Program.
Fyers Refer and Earn program offers you to earn 20% lifetime commission from your referred friends.
All you need to do is convince them to create a demat & trading account on Fyers with your referral code or link.
Now every time your friend do trading and pays brokerage, you will get 20% of the brokerage amount.
So now you too can have a permanent passive income from Fyers by referring your friends.
Fyers Referral Program
India is seeing a rise of interest from youths in stock market.
Every stock broker in India is seeing this opportunity to direct as many retail investors towards their platform.
So does Fyers, by providing refer and earn program which will boost their website promotion. It is one of the best demat account in India.
Just like I am promoting their website amongst my blog visitors.
Fyers Refer and Earn Offer is quite simple. Refer someone to their platform and you get 20% lifetime commission of brokerage amount paid by your referred friend.
Here is how Fyers Refer and Earn Program Works-
- You need to first have a Fyers Free Trading Account.
- After successfully creating account, you will become eligible to refer someone else.
- Go to Fyers Refer and Earn page and create your customized affiliate / referral link.
- You need to enter your Client ID and click on Generate Link button.
- Once created, your link will look like this – https://open-account.fyers.in/?id=XA08481
- Share this link with your friends or family members.
- You can also send your Fyers Referral Link to friend’s email ID from same page.
- Everyone who joins Fyers Trading platform with your link and do trading becomes part of your earning journey.
- You will get 20% lifetime commission from their trading fees which is taken by Fyers broker as a brokerage fees.
- So the more trading they do, more you will earn without doing anything.
Important Note: The minimum withdrawal or minimum threshold for referral payment is Rs. 100 combined from all the referred friends. That means once your payout amount reaches Rs. 100, you can apply for withdrawal. It will be settled in their normal monthly payout cycle.
If you are new to Fyers platform then continue reading,
A Brief Information About Fyers
Fyers is an investment and trading platform, where you can buy or sell shares of Indian Stock Market.
It is comparatively new stock broker with one of the best charting and trading setups. FYERS have grown their customer base by 3X in 2020-21 period.
With Fyers, you will get TradingView charting interface where you can trade in delivery, intraday, futures and options very easily.
TradingView is a worldwide famous platform for charting and trading indicators.
Fyers has a huge advantage of having tradingview chart since many intraday traders prefer to look for price action while placing order.
Fyers solves both of this requirements in a single page trading setup.
They also have drag and drop feature for moving your target and stop loss price directly on the chart. This is very important and needed feature if your traded stock is moving quickly.
You can simply trail your stop loss by dragging the stop loss line above at your choice of price.
Apart from charting, they also have a 30-day challenge where you need to be profitable at the end of 30 days in order to win 100% cashback of the brokerage amount.
So once you start your 30-day challenge and on the 30th day if your portfolio is in net profit state then all brokerage will be refunded.
You can also earn passive income by referring your friends to Fyers platform. For that I will discuss in more details below.
How to Create Fyers Trading Account for Free?
Initial Signup Process
- Go to the signup page of Fyers Trading Platform by Clicking Here.
- Enter your email address and mobile number in the box and click on Signup button. Enter the OTP received on your email or mobile number.
- Check mark on “I accept the terms & conditions” and click on Verify Now button. After that you will receive an email on registered email ID.
- The first email will contain the details of your account representative who can help you in account opening process.
KYC Verification Process
- Once the verification is completed, you will get a link for a page for providing necessary documents for KYC.
- Click on Proceed Now button to open page where you can either upload or login to your Digilocker account.
- You need to upload your PAN card photo or you can login to Digilocker from which Fyers will automatically fetch the necessary PAN details. Don’t worry it’s safe.
- You also need to fill your name, date of birth, father’s & mother’s name, marital status and gender.
- Now, click on Continue button which will take you to the Contact Information page.
- Here you need to provide the Proof of Address. You can choose any of the available documents provided in the dropdown menu like Aadhaar Card, etc.
- Also fill the address details manually below on the same page and click Continue.
Banking Details & Trading Segments
- Now on the Bank & Segment Details page, you need to fill your bank account number, IFSC code, address of bank, MICR code, etc.
- When you scroll down further you can choose trading segments of your choice or you can leave it as it is to choose all of them.
- On next page, you have to provide additional details like your occupation, annual income, etc. Fill all of them and click Continue.
Final In-Person or Online Verification
- Now comes the In-Person Verification where you need to write and OTP shown on the screen to a blank paper using pen or pencil and then click a selfie while holding that paper.
- You need to also upload your latest photo and photo of signature.
- Now on the final page Review your Details and click on Proceed to E-Sign button.
- A popup window will open. Click on Proceed to E-Sign and then Sign Now button.
- Now enter your Adhaar Number and click on Send OTP button.
- Enter the OTP received on your mobile number linked with Adhaar and click on Verify button.
- Once the E-Sign is complete, you will be redirected to Fyers status page with a Thank you for choosing Fyers message.
- You will see this message – “Your application is submitted successfully and it is under review! We will notify you about the account status within a working day.“
- Within few business days you will received the confirmation mail with your Client ID and password.
FAQs on Fyers Demat Account
How to know how many people open account in FYERS in my link?
To check the commission amount, or other related query w.r.t. the referral commission, you need to reach out to [email protected] As of now there is no separate fyers referral dashboard to check referred friends.
What is the minimum funds for beginners in fyers?
There is no minimum fund requirement to open account in Fyers but you need to deposit money when you wish to trade or invest in stocks.