Demat Account
Refer & Earn Opportunity!

Get rewarded for every MasterTrust demat account. Refer and earn up to ₹500 per referral with no limit on earnings.

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Why choose the Master's Referral program?

Help your friends start their investment journey with MasterTrust and get rewarded for every successful referral. It's that simple!

Competitive Brokerage Reversal Structure

Competitive Brokerage Reversal Structure

No Limit on Referrals

No Limit on Referrals

Transparent Tracking and Processing

Transparent Tracking and Processing

Genuine Value for Your Referees

Genuine Value for Your Referees

Paperless and Quick Account Opening

Paperless and Quick Account Opening

Full-Service Broker Benefits

Full-Service Broker Benefits

How It Works

Start earning in 4 simple steps

ReferRefer

Refer

Generate your unique referral link

RegisterRegister

Register

Share with friends and family

TradeTrade

Trade

Start trading with ease

EarnEarn

Earn

Enjoy rewards for each successful refferal

Track Your Referrals

Monitor all your referrals and earnings through an easy-to-use dashboard with real-time updates.

View all referral status in one place

View all
referral status in one place

Track pending, approved & credited rewards

Track pending,
approved & credited rewards

Get instant notifications

Get instant
notifications

Secure and transparent system

Secure and
transparent system

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Terms & Conditions

A referral is considered valid only if the Referee:

  • Uses the Referrer’s unique referral link/code
  • Opens a trading account within 30 days, and
  • Places at least one trade within 30 days of account activation

Brokerage reversal is processed twice a month (around the 15th and 30th) after internal verification and reconciliation by MCSL.

Referrers can track referral status and rewards through MCSL’s platform/dashboard as made available by the company.

The reward is credited as a brokerage reversal in the trading ledger, starting from the Referee’s First Trade Date, valid for 30 days or up to ₹500, whichever is earlier.

All active MCSL clients with completed KYC and a trading account are eligible to participate in the Refer & Earn Program.

Frequently Asked Questions

There is no restriction on the number of referrals, but the reward is capped at ₹500 per referred client.

  • Brokerage reversal starts from the First Trade Date (FTD) of the referred client

  • The benefit is valid for 30 calendar days from FTD or until ₹500 is exhausted, whichever comes first

  • The maximum benefit is ₹500 per referred client (lifetime)

The Refer & Earn Program allows existing Master Capital Services Ltd. (MCSL) clients to earn brokerage reversal by referring friends, family, or acquaintances to open a trading account with MCSL and start trading.

You can refer new clients only. The referred person must not already exist as a client or prospect in MCSL’s records.

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