Short answer

According to the exchange circular (PDF), beginning August 15, 2024, brokers are prohibited from paying referral commissions to individuals not registered as an Authorised Person (AP). As a result, iRage will not be permitted to pay the 10% brokerage generated by referrals through the referral programme from August 25, 2024, until the exchange provides further clarification. However, 300 reward points will still be given for each successful referral.

According to the exchange circular

beginning August 15, 2024, brokers are prohibited from paying referral commissions to individuals not registered as an Authorised Person (AP). As a result, iRage will not be permitted to pay the 10% brokerage generated by referrals through the referral programme from August 25, 2024, until the exchange provides further clarification. However, 300 reward points will still be given for each successful referral.

You can withdraw the referral earnings by following these steps:

Log in to Console.

Click on the Client ID.

Click on Rewards & referrals.

Click on Withdraw.

Click on Confirm.

For the withdrawal request to be processed, withdrawal earnings of ₹1,000 in the referral wallet are required. To learn more about the referral wallet, see How does the referral wallet work?

Reward points can only be used to subscribe to iRage partner products and are non refundable. The reward points required for each partner product can be viewed under Rewards by logging into app.arrow.trade/refer. The withdrawal request is processed within 10 working days.