Some brokers share revenue out of the brokerage paid by the client being referred. Sharekhan offers 15 per cent of every referred friend’s brokerage for 1 year. India’s largest broking firm Zerodha, under its referral programme, offers 10 per cent of the brokerage paid by anyone the client has referred.
from Stocks-Markets-Economic Times https://ift.tt/3tFuolD
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