Offer. MarketWolf clients can participate in this Offer to earn benefits by referring friends, family members etc. to open trading & demat account (“MarketWolf Account”) with MARKETWOLF SECURITIES PRIVATE LIMITED (“MARKETWOLF”). Referral benefits under this Offer cannot be combined with any other offers, discounts, cashback, rewards or promotions etc. which may be offered from time to time. Participation in this Offer is voluntary.
Offer Period. This Offer shall be valid subject to any modification, amendment, extension or withdrawal thereof by MARKETWOLF at its sole discretion. MarketWolf reserves the right to, without liability or prejudice to any of its other rights, at any time, without previous notice and from time to time, withdraw/suspend/amend/cancel this offer, with or without any reason. The requirements and incentives are also subject to change at any time.
Eligibility. Only MarketWolf clients who are resident in India having an active MarketWolf Account are eligible to participate in this Offer. Following categories of clients are NOT eligible to participate in this Offer:
non-individual clients (excluding HUFs);
Non-Resident Indian (NRI) clients;
MARKETWOLF employees, affiliates, sub-brokers, franchisees, partners, agents, service providers etc.;
any other person/group/entity/category of clients as may be notified by MARKETWOLF from time to time in its sole discretion.
Successful Referral. Referral benefits can be earned only if the referred person opens MarketWolf Account by utilizing the unique referral link/code generated by the referrer. If the referred person is already an existing client or his/her details are available in MarketWolf database, it will not be considered as a valid referral. Referral benefits will be withdrawn if the referred person closes MarketWolf Account within 30 days of the account opening. Individual clients cannot refer to another non-individual account (e.g. HUF, Corporate, Partnership/LLP, Trust) with the same contact details as their own account.
Referral Benefits. For each successful referral, 20% of net brokerage commission earned by MarketWolf from the referred person, i.e., brokerage commission less any offers, discounts, cashback, rewards or promotions etc. shall accrue to the Referrer. Referral benefits will be credited to ‘MY EARNINGS section where the aggregate amount on a daily basis can be seen. MARKETWOLF reserves the right to apply differential rates or to impose caps on maximum referral benefits that can be earned by a referrer. Referral benefits shall be processed as per applicable brokerage settlement policy. Referral benefits are non- transferable, non-assignable and non-exchangeable. Referral benefits will not accrue any interest.
Redemption. Referral benefits can be redeemed at any time from my ‘MY EARNINGS section. Upon redemption, corresponding payout will be transferred to designated bank account. MARKETWOLF reserves the right to carry out additional checks & controls or require declarations as deemed fit at the time of transfer. Payout of Rs. 20,000 or more during a financial year shall be subject to tax withholding as applicable.
Expiry. Referral benefits will expire on a quarterly basis, i.e., at expiry of the 3rd month from the month in which such benefits were earned. For illustration, referral benefits outstanding as on 30th September will expire on 31st December. Referral benefits will expire if not redeemed prior to closure of MarketWolf Account.
Implementation. Opening MARKETWOLF Account is at sole discretion of MARKETWOLF, and the mere fact of referral shall not make it obligatory on the part of MARKETWOLF to open the same. MARKETWOLF shall have the sole discretion to interpret & implement the offer terms, including but not limited to calculation of referral benefits, and its decision shall be final & binding.
Additional Measures. In case information is received or detected about any unusual or suspicious activity, discretionary trade etc. in referred person account in an unauthorised manner such as by means of password sharing etc., MARKETWOLF reserves the right to implement additional measures, safeguards including but not limited to suspension and/or termination of such user’s participation in this Offer and/or clawing back/forfeiting benefits accrued to such user in addition to other legal remedies.
Restrictions. The following activities are expressly prohibited and engaging in any of these will lead to immediate termination and disqualification of participating in the offer, forfeiture of existing referral invitations and referral benefits:
spam, bulk distribution of invitations, distribution to strangers or any other similar activity to promote the referral offer in a manner that would constitute or appear to constitute unsolicited commercial e-mail, sms, publishing any article or content about MARKETWOLF products, services etc.;
fraud, attempted fraud or abuse of this Offer;
selling, trading, bartering or providing anything of value to the referred person beyond the referral invitation or otherwise using this Offer program for self-promotional purposes;
organizing competitions, contests online, posting content about MARKETWOLF etc.
Amendments. MARKETWOLF reserves the right to suspend or terminate the Refer & Earn offer or any client’s ability to participate in the offer for any reason at its sole discretion without any liability. MARKETWOLF reserves the right to amend the Refer & Earn offer or any part thereof without any prior notice. You shall regularly and periodically check these terms.
Grievance Redressal. Any dispute/grievance arising with respect to this Offer or calculation of referral benefits are not covered under investor protection or grievance redressal measures of NSE. In case of dispute/grievance, please notify us at support@marketwolf.com setting out your concerns in reasonable detail.
Dispute Resolution. The courts at Mumbai, India will have exclusive jurisdiction over any dispute arising out of or in connection with the terms hereof. All disputes shall be resolved by way of reference to arbitration to be conducted in accordance with the Arbitration & Conciliation Act, 1996 at Mumbai, India.
Referrer Undertakings. Any payout under this Offer, is subject to specific undertakings from the referrer as below:
referrer shall strictly limit his/her role to “referral” only;
referrer shall not subject the referred person to any kind of trade inducement;
referrer shall not recover any referral benefit/incentive from the referred person nor have any financial transaction with the referred person;
referrer shall not undertake any form of selling/advisory activities in secondary market;
w.r.t securities and shall not manage the portfolio of any person who is being referred;
referrer shall not act or hold himself/herself out as an employee, agent, representative, franchisee or create any impression of any business association with MARKETWOLF.