Important update on brokerage sharing
1 min readNSE has made it compulsory for all brokers to discontinue sharing brokerage commissions with individuals who aren’t registered as Authorised Person (AP).
What does this mean for you
- – Referral rewards: You can still earn rewards for referring friends to Upstox
- – Brokerage commissions: You will no longer receive brokerage commissions for referred friends with effect from 23 August 2024
What about past commissions
Any brokerage commissions earned from 17 July to 23 August will be credited to your account, and you can withdraw them anytime.
Interested in earning commissions
- – To continue earning brokerage commissions, you’ll need to sign up as an Authorised Person (AP) here: Upstox AP Registration.
- – To learn more about an AP, click here: NSE’s AP Information. For further information on NSE’s latest mandate, click here .
Thank you for your understanding and continued support.
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