Rs.500/- will be credited to your SMP Ledger (wallet) on the following conditions:


> your friend's  account should be opened with Tradeplus

> your friend should clock a volume of Rs.50000/- within 30 days of account opening  .  

> An amount of Rs.1000/- will be credited to your account for every account activated beyond 5 accounts within a calendar quarter.


Check below an illustration to understand the referral amount calculation:


Friend 
Date of Activation  *
Referral Amount
Friend 11/10/2018500
Friend 214/10/2018500
Friend 31/11/2018500
Friend 43/12/2018500
Friend 54/12/2018500
Friend 615/12/20181000
Friend 716/12/20181000
Total4500


* Date of activation is the date on which your friend completes a volume of Rs.50000/-. Trades done across all segments will be taken into account for calculating the volumes. In case your friend trades in Options, the volume will be calculated on strike price and not on premium


AS per the above illustration, as a referrer you get Rs.4500/- for referring 7 active accounts in a given quarter. 


Now lets see how the number of accounts referred in a given quarter can make a difference to your earnings:


No. of Active Accounts referred in a Quarter
Referral earning
5
2500
10
7500
20
17500
40
37500
100
97500


As per the above calculations you can earn Rs.97500/- if you refer 100 active accounts in a quarter.


Need more details? Email refer@tradeplusonline.com