11 Best Demat Account Affiliate Program

Last Updated on November 4, 2025 by Lubhanshi Lamba

Trading is the new trend lurking in the Indian market to earn additional money. This rising demand for stock market investments drives us to the Demat account affiliate programs. These marketing campaigns are a profitable opportunity– both in theory and in practice. You can partner with leading brokerage firms and earn attractive commissions on every successful referral. 

Today’s generation is keen to invest in a reputable demat account for higher ROI. From Groww to Zupee, various top brokerage platforms offer higher payouts on their affiliate program. Financial content creators can participate and monetize science while promoting economic growth. In this article, we will explore the best demat account affiliate program to help you succeed in your marketing journey.

1. Mstock

MStock is a discount brokerage platform that was launched by Mirae Asset Capital Markets in 2022. It allows people to invest money with zero brokerage on equity delivery trades and charges a flat Rs. 20 per order for intraday, F&O, and other segments, Mstock provides a one-time free plan that offers lifetime free AMC with access to your personal web portal. 

MStock is popular among both active traders and long-term investors for its low costs and reliability. Mstock has launched an affiliate program that allows you to earn Rs. 555 on every successful zero brokerage account opened through your link. The payout is credited to your account within just 24 hours of your friend’s account opening. This hassle-free way of earning money is a no-brainer for people with a wide audience network. 

Commission: Up to INR 555

2. Groww

Founded in 2016 by former Flipkart executives, Groqq is a leading investment platform in India. It offers various financial options like IPOs, futures and options, digital gold, and even US stocks. This platform offers a simple interface for beginner investors to use with ease. It follows commission-free direct mutual fund management and low-cost stock trading. 

Groww offers unique money-earning opportunities through its affiliate program. Its zero-investment affiliate program allows affiliates to earn a commission of up to Rs. 300 on every new account opening via a promotional link. 

Commission: Up to INR 300

3. HDFC Sky

It is a next-generation trading and investment app that was launched in 2023 by HDFC Securities. This platform aims to provide a stand-up investing experience with zero account opening charges and AMC for the first year. It has a Rs. 20 brokerage charge per order across various finance segments like equities, F&O, currency, and commodities. They offer theme-based advanced tools for high level reliability. 

The HDFC Sky affiliate program allows you to earn money by promoting cost-effective prices. Affiliates can access personalised options and rewards on every successful referral. You can bring a new client on board and earn a fixed amount of Rs. 250 as a one-time payment.

Comission: Up to INR 250

4. Kotak Securities

Kotak Securities is a part of Kotak Mahindra Group which offers a full-service brokerage platform. They have multiple customized plans tailored to different investor needs. They have a “Trade Free Youth Plan” that features zero brokerage on intraday, delivery, and F&O trades. They have a flat Rs. 20 per order brokerage for delivery and carry-forward F&O. They are famous for delivering a margin facility and low interest on multiple investment options. 

Coming to its affiliate campaign, Kotak Securities stands out as a standout partner for prospective affiliates. They offer a substantial incentive of Rs. 400 on every successful account referral (up to a maximum of 4 accounts per month). Affiliates can also access a 10% brokerage on referral client shares. 

Commission: Up to INR 400

5. Yes Securities

Yes Securities is a subsidiary of YES Bank which offers various investment and trading solutions. From equities to mutual funds, she provides services across various financial investments. It caters to both kinds of clients— retail and institutional clients. This brokerage platform focuses on research driven insights to empower users with detailed information. The platform also offers online and mobile trading for seamless investing. Backed by YES Bank’s trust and credibility, Yes Securities ensures transparency and innovative financial solutions. 

Yes Securities affiliate program presents an incredible opportunity to earn a commission of up to Rs. 700 per lead. It is reputed for its validation rates and top-converting marketing campaign in the banking category. 

Commission: Up to INR 500

6. Samco

Another leading discount broker of India, Samco, was founded in 2015 as a trading and investment services provider. This platform is known for its innovative features that help investors make wise financial decisions. You can access equities, derivatives, commodities, mutual funds, and ETFs via their innovative interface. This company follows a customer-first approach that focuses on efficiency and making trading available for every kind of investor. 

Its mission is to simplify wealth creation by offering data-driven tools, robust research, and seamless trading experiences at competitive rates. Samco affiliate program allows referrers to receive a bonus and a 10% share of the brokerage generated by the referee. The affiliate gift vouchers can be worth up to Rs. 3,000 when your friend opens a Samco account and starts investing.

Commission: INR 165

7. Angel one

Angel One is a full-service online brokerage platform. It was established in 1996 and provides numerous financial services of stock trading, mutual funds, IPOs, etc. Angel One follows a digital-first approach to provide an advanced trading experience to retail customers. They offer smart research tools and a user-friendly app for simplified trading. The platform has a flat-fee model with Rs. 20 charges per order on intraday, F&O, current, and free equity delivery trades. 

With a massive variety of free Demat accounts, digital KYC, and flat brokerages, Angel One guarantees smooth trading experiences and makes stock trading accessible to everyone. Angel One affiliate program offers you an opportunity to earn a guaranteed fee of up to INR 125 per lead.

Commission: Up to INR 125

8. ICICI Securities

ICICI is a leading name in the banking industry and its subsidiary platform, ICICI Securities, is following in its footsteps. ICICI Direct is the flagship platform for trading that allows users to indulge in various financial services. From equity to currency trading, you can efficiently manage your wealth with ICICI Securities. They follow a percentage based brokerage model that offers intraday services on minimal percentages. Rates typically range from 0.25% to 0.55% for equity delivery and 0.03% to 0.05% for intraday. 

ICICI Securities affiliate program offers financial services to corporate clients, high-net-worth individuals and SMEs. Individuals can promote their services and earn a whopping commission of up to Rs. 430 

Commission: Up to INR 430

9. Upstox

Upstpx is another fast-growing platform that offers discount brokerage services. This online website is backed by investors like Ratan Tata. It was founded in 2009 and offers various trading services in equities, derivatives, commodities, currencies, etc. It has a low-cost charge structure with only Rs. 20 per order or 0.05% (whichever is lower) for trading. You can access advanced charting tools and real-time market data for efficient trading. 

Upstox affiliate program provides a money-earning opportunity to individuals with the right network to promote financial services. It allows users to earn a commission of up to Rs. 765 through referrals. Individuals can earn between INR 5,000 and INR 10,000 monthly through the Upstox affiliate program by promoting their services within their network.

Commission: Up to INR 765

10. Motilal Oswal

Motilal Oswal Financial Services Ltd. was founded in 1987 and has emerged as a leading partner in the brokerage industry. This company offers equity, derivatives, commodities, currency trading, mutual funds, IPOs, and home finance. This multi-faceted finance company provides strong research-based advisory and trusted investment solutions. It aims to empower investors to make informed financial decisions with a core philosophy of “Solid Research, Solid Advice.”

Apart from the expert financial advice, Motilal Oswal has its own affiliate program that allows every affiliate to earn up to Rs. 100 for every successful referral. Content creators can promote their financial services and earn a commission for every conversion. 

Commission: Up to INR 500

11. Anand Rathi

Anand Rathi is a customer-centric investment company that specialises in offering customerised financial solutions to investors. This diverse company offers investment and trading opportunities on various Asset classes – you name it, they offer it. This company offers hig-tech apps and trading platforms for a seamless investing experience. This financial platform is seamlessly integrated with trading accounts, advanced research support and user-friendly tools for investing. 

Anand Rathi affiliate program is a profitable opportunity to earn commissions by promoting robust financial services. Their affiliate campaign follows a performance-based model that offers a commission of up to 30% to 40% on the sale value.

Commission: Up to 30% to 50% of revenue