Groww Markets Refer a Friend Promotion

This Promotion is valid from 20th August 2023

“Refer A Friend” Promotion is offered by Groww Markets, traded under Groww Markets Limited (herein “the Company” or “Groww Markets”), to the Company’s clients.

1. By participating in this promotion, both the Referee (new client) and the Referrer (existing client) acknowledge they have read and agreed to be bound by these Terms and Conditions and Accounts Terms and Conditions.

2. Any Referee referred by the Referrer to Groww Markets under the Refer a Friend Promotion must be a genuine new client that opens a new live account (meaning, not a “demo” account) via the unique referral link provided by Groww Markets to the Referrer during the promotion period and satisfy the criteria contained in these Terms.

3. Referee will be categorized into 2 tiers as per the below table:

   Tier | Country
   1 | Germany, Denmark, Switzerland, United Kingdom, Norway, France, Netherlands, Sweden, Austria, Ireland, New Zealand, Finland, Portugal, Spain, Iceland
   2 | The rest of the world except: Afghanistan, Australia, Bahrain, Bangladesh, Belarus, China, Djibouti, Egypt, Hong Kong, India, Indonesia, Iran, Iraq, Italy, Japan, Jordan, Korea, Republic Of, Kuwait, Laos, Lebanon, Liberia, Libya, Macao, Malaysia, North Korea, Oman, Pakistan, Palestinian Territory, Occupied, Philippines, Qatar, Russia, Saudi Arabia, Singapore, Sri Lanka, Sudan, Syria, Taiwan, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, United States, Vietnam, Virgin Islands, US, Yemen, and any other countries and regions which are on the ban list.

4. Referrer will be eligible to receive the rewards as per the below table:

   Tier | Eligible conditions | Rewards (USD)
   1 | The Referee registers, funds, and makes a minimum trade of 5 lots on products appointed by Groww Markets within 60 days after the referee’s registration gets approved. The Referee is required to make at least one successful deposit via credit card (Visa/Mastercard) or international bank transfer within 60 days after the referee’s registration gets approved. The eligible trading products in this offer include FX, Gold, Silver, and Crude Oil. | 200
   2 | 60

5. Only closed trades will be counted towards this offer.

6. Positions that were open for more than 3 minutes (180 seconds) will be counted towards the offer.

7. The Referrer will be able to claim the rewards for his/her referee 60 days after the Referee meets the eligible conditions listed in Term 4.

8. Groww Markets will need to verify the referrer’s eligibility after the referrer tries to claim the bonus. This process may take up to 60 days. Groww Markets will inform the outcome to the referrer via email.

9. Groww Markets will credit the bonus amount to your nominated trading account after the verification process is completed.

10. The bonus amount is denominated in US Dollars. If the referrer or referee’s trading account is not based on US Dollars, we will convert the bonus amount using the following formula into the trading accounts:

    • CAD: Bonus Amount x [USD/CAD] x 90%
    • AUD: Bonus Amount / [AUD/USD] x 90%
    • GBP: Bonus Amount / [GBP/USD] x 90%
    • EUR: Bonus Amount / [EUR/USD] x 90%
    • JPY: Bonus Amount x [USD/JPY] x 90%
    • USC: Bonus Amount x 100

11. Each Referrer is entitled to refer up to 100 new referrals in this offer.

12. You will not be able to participate in this offer as a referrer if you are an existing affiliate of Groww Markets.

13. The referrer must not promote themselves as an agent, IB, or Affiliate of Groww Markets.

14. Referees who received the bonus cannot be linked to IB or Affiliate of Groww Markets.

15. Groww Markets reserves the right to stop or refuse a client’s participation in the promotion if any of these rules are breached or there is any suspected abuse of the promotion.

16. Groww Markets will resolve any dispute or situation not covered by these Terms at its sole discretion.