How to Earn from Stock Market Without Investment in India 2024

The stock market offers various ways to earn money without investing your own capital. While returns may be lower compared to active trading or investing, these methods provide individuals the opportunity to enter the markets without risking their money. This article explores five trading apps and their referral programs that allow earning from the stock market with zero investment in 2024.

Top 5 Trading Apps for Earning Without Investment

There are several trading apps and platforms that offer exciting opportunities to earn from the markets without investments. Here are the top 5:

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1. Zerodha Coin

Zerodha Coin is India’s largest stockbroker with over 10 million clients. Their referral program offers Rs 200 for every friend referred who opens a Demat account. Additional benefits include discounted brokerage charges.

2. Upstox Pro

Upstox Pro is a leading discount broker backed by Ratan Tata. Their referral scheme awards stocks and cash bonuses up to Rs 2500 for successful referrals.

3. Groww

Groww is an online investment platform suitable for beginners. Under their referral program, both parties get free stocks worth up to Rs 1500 for every successful referral.

4. ETMoney

ETMoney offers commission-free direct mutual fund investments. Their referral scheme provides scratch cards with assured rewards for every successful referral.

5. Indmoney

Indmoney is a wealth management app providing paperless account opening. Their referral program offers Rs 250 for every friend referred.

Earning Opportunities Through Referral Programs

The referral programs offered by these trading apps provide excellent opportunities to earn rewards and bonuses without any investment.

The main rewards include free shares of popular companies, discounted brokerage charges, cash bonuses and rewards points. These can translate into real money as the rewards accumulate.

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For instance, acquiring free shares of a company through referrals and selling them when the price appreciates can result in cash earnings. Similarly, brokerage discounts lead to savings on your trades.

How to Earn via Referrals

Referral programs allow earning from the stock market without investment through the following steps:

Step 1: Sign up for a Trading Account

Register for an account with any of the stock trading apps mentioned above. Account opening is quick and seamless with many offering completely digital account opening.

Step 2: Find Your Referral Link

Every trading app provides a unique referral code or link when you open your account. This link can be shared with friends and family.

Step 3: Share Your Link

Promote your referral link on social media platforms like Facebook, Twitter, WhatsApp groups, etc. You can share the exciting rewards on offer to attract more sign-ups.

Step 4: Get Rewards

You will receive rewards like cash bonuses, free shares or discount vouchers when someone signs up using your referral link and completes the required steps.

Step 5: Withdraw Your Earnings

Finally, you can withdraw your earnings by selling any shares received, encashing discount vouchers or redeeming reward points. Referral earnings can be easily withdrawn into your bank account.

Tips for Making Money from Referrals

Here are some tips to boost your referral income:

  • Share links among investment enthusiast groups and forums
  • Promote consistently on social media by highlighting referral benefits
  • Attract sign-ups by sharing your own experience
  • Offer additional incentives like cash rewards or gift vouchers
  • Regularly engage referred users to prevent drop-offs
  • Track your referral dashboards to monitor progress
  • Focus on quality referrals from genuinely interested users
  • Maintain a high invite conversion rate through targeted promotion
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Conclusion

Referral programs from top stock trading apps offer an easy way to earn from the markets without investments in 2024. By proactively promoting your referral links and driving high-quality sign-ups, you can earn steady referral income. However, ensure you read all terms and conditions before participating in these programs.

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