Looking for the best Trading Affiliate Program in 2022? Then you have come to the right place. There are many stock trading Affiliate Programs out there, such as Upstox Affiliate Program, Groww Affiliate Program, Sharekhan Trade Tiger Affiliate Program, Angel Broking Affiliate Program, and so on. Choosing to become an Affiliate Marketer with any of these Online trading platforms can help you earn additional income.

Is Trading a Good Niche for Affiliate Marketing? 

  • A majority of stock exchange trading takes place online. 
  • Online trading Affiliate programs are a great way to earn high profits
  • You can help others to make an informed financial decision

How Trading Affiliate Programs Work

First, create a website or a social media profile where you can promote the affiliate program. Next, select the broker affiliate program of your choice. Finally, sign up with them and log in to your account. Copy your affiliate link and paste it on your website or social media sites such as Instagram, YouTube, etc. When someone becomes an online trader through your affiliate link you will earn profit. This will be your commission.

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3 Main Commission Structures in Online Trading Affiliate Programs

  • CPL or cost per lead – It means you will earn a profit when someone signs up through your link
  • CPA or cost per acquisition- It means you will only earn a profit when someone signs up through your link and fulfils the eligibility criteria. For example, a customer depositing a minimum amount
  • Revenue sharing – Earn a % of brokers’ profit from those who have signed up through you. This will be for a specific period.

What To Look For In Trading Affiliate Programs

To decide which Trading Affiliate Program suits you the best, it is important to take a look at-

  • The pricing– Choose a pricing plan that matches your referees’ trading styles and maximizes your profits.
  • Performance-Based Plans-  Upgrade your plan to get a higher commission, better marketing plans, bonuses, and extra services if needed.
  • Reputable, Regulated Programs– Choose a reputable broker to promote. This is because their reputation ultimately affects yours.
  • Global reach- It is always better to choose a trading partner that has a global reach. It will be easier for you to promote them to an international audience. You can also earn high profits.
  • Marketing Materials- Look for a trading partner that provides you with materials for marketing, such as banner widgets with live data, custom email templates, and attractive landing pages. 
  • Support-  Select a trading partner that will offer you comprehensive support. This includes chat and email services. Some companies will offer you a personal account manager as well.
  • Straightforward Sign-Up Process: A smooth sign-up process helps you and the customer. Also, make sure there are no hidden fees.
  • Reporting Metrics – A good trading partner will offer you data to analyze your performance as an affiliate.

List of 8 Top Trading Affiliate Programs in India 

1. Upstox Affiliate Program

Upstox Affiliate Program

Upstox is a low-cost broking firm in India. It provides trading opportunities at reasonable prices. You can trade on equities, commodities, currency, futures, etc., on the Upstox Pro Web and Upstox Pro Mobile platforms. This company is backed by popular entrepreneurs such as Kalaari Capital, Ratan Tata, and GVK Davix.

You can open a Demat account for free on Upstox and can easily trade with the help of your mobile phone or web browser. All you need to do is get your aadhar card, pan card, and eKyc verification done. It offers trading, analysis, and charting facilities for its members. If you use Upstox Pro or the paid service, trading in Equity F&O, Equity Indra-day, Commodities, and Currency Derivatives will be accessible to you.

Why Promote Upstox Affiliate Program?

  • For onboarding a new customer, you can earn between ₹400 – ₹1200.
  • You can earn up to 50% brokerage from what Upstox earns from the new customers
  • You can get a National Stock exchange of India registration, refer and earn money.

Earning Potential  

Upstox affiliates can earn a profit of anywhere around ₹10,000. This can even increase to ₹15,000 or more depending upon the number of transactions made through their links.

CommissionEarn 30-35% as an authorized partner or 40 % for joining the referral program
Profit Link Cookie / Session Time30 Days 

2. Sharekhan Affiliate Program

Sharekhan Trade Tiger Affiliate Program
Sharekhan Trade

Sharekhan Trade Tiger was founded in the year 2000. It was one of the 1st companies to offer online trading in India. In 2016 Sharekhan Trade Tiger was acquired by a European company called BNP Paribas. Today, it has over 17 lakh customers worldwide.

Sharekhan Trade Tiger is a place for professional brokers. From a single platform, you can trade across multiple segments and multiple exchanges. You can use trading tools such as Heatmap or Real-Time Excel to get real-time market updates. 

Customers can get a lot of financial services such as equity trading, currency trading, mutual funds, bonds, portfolio management, etc. Moreover, it offers investment advice, trading tips, and stock and company analysis as well. Overall, Sharekhan Trade Tiger executes over 400000 trades daily.

Why Promote Sharekhan Affiliate Program?

  • 0 account opening charges and a single place for multiple exchanges such as BSE, NSE, and MCX. 
  • Free online training as well as customer support
  • You can also refer Sharekhan and earn ₹400 per referred friend who generates ₹40 brokerage

Earning Potential  

Sharekhan affiliates can earn a profit of anywhere around ₹12,000. This can even increase to ₹15,000 or more depending upon the number of transactions made through their links.

Commission₹900 on a valid account opening 
Profit Link Cookie / Session Time30 Days 

3. Angel Broking Affiliate Program

Angel Broking Affiliate Program
Angel Broking

Angel One Limited was incorporated in 1987 and was formerly known as Angel Broking limited. As of 2021, it is India’s largest retail broking house in terms of the number of clients in NSE. Angel One is a member of the Bombay Stock Exchange, National Stock Exchange, and Metropolitan Stock Exchange of India, among many others. It is also registered as a Depository participant with CDSL. Recently, it has been gathering new customers from Tier-2 and Tier-3 cities as well. 

Under its Angel I-Trade Prime Plan, Angel One Limited offers INR 20 flat brokerage per order for all segments. However, equity delivery trading is free. It is the 1st large full broker to offer discount brokerage rates to its customers.

In general, Angel One Limited provides broking services, investment advisory, margin trading facility, loans against shares, distribution of 3rd party financial products, and investor education to its customers. 

Why Promote Angel Broking Affiliate Program?

  • It provides a smart partner training program that will help you to become a successful Affiliate Marketer
  • You will gain immediate access to investor’s trust that Angel One Limited has gathered over the years
  • Angel One Affiliate Marketers will continue to receive continuous training, seminars, and access to internal research materials.

Earning Potential  

Angel One affiliates can earn a profit of anywhere around ₹5000 This can even increase to ₹7000 or more depending upon the number of transactions made through their links.

Commission₹125 on successful account opening
Profit Link Cookie / Session Time30 Days 

4. TradeStation Affiliate Program

TradeStation Affiliate Program

TradeStation is best suited for active traders as it was traditionally focused on them. Its trading systems have a 99.999% uptime. This means it remains available even during peak times. TradeStation has become the golden standard for stability.

TradeStation allows trading and investment from multiple devices and platforms. Customers can tap into equities, exchange-traded funds (ETF), cryptocurrency, options, futures, mutual funds, bonds, and initial public offering markets.

Recently, it has removed its minimum funding requirements and platform fees, introduced crypto, launched YouCanTrade, and integrated with TradingView to gain new members. New investors can now take advantage of the information provided on the platform and learn about the financial markets. 

Why Promote TradeStation Affiliate Program?

  • TradeStation is a reliable platform, and it is known for its stability
  • Best for cryptocurrency and financial investing
  • Earn high profits on sales through your affiliate link

Earning Potential  

TradeStation affiliates can earn a profit of anywhere around ₹10,000 This can even increase to ₹12,000 or more depending upon the number of transactions made through their links.

Commission$50 referral
Profit Link Cookie / Session Time30 Days 

5. Groww Affiliate Program

Groww Affiliate Program

Established in 2016 Groww is the brand name of Nextbillion Technology Private Limited. The company is a registered stock broker with SEBI. It is also a member of the NSE and BSE. Groww started as a mutual investment platform. Later on, in the mid-2020s, it started offering Equity trading, Digital gold, US Stocks, and Fixed deposits as other investment options for its customers.

Groww offers free mutual fund services, low charges (₹20 or 0.05%) per executed trade and has its trading platform called Groww, which is a web and mobile trading app. The Groww app is safe and secure with 128- bit encryption. It is one of the highest-rated apps with a 4.5+ rating on the Google Play Store.

Although Goww is just an online broker, it offers free eBooks, informative and educative blogs, and resources to help investors/beginners learn the basics of stock market trading. At the moment, the company is trusted by 300+ million users.

Why Promote Groww Affiliate Program?

  • 0 commission charges on direct mutual fund 
  • Facilitate investment in US Stocks, Digital gold, and Corporate FD
  • Assist beginners with the help of ebooks and blogs

Earning Potential  

Groww affiliates can earn a profit of anywhere around ₹2000 This can even increase to ₹4000 or more depending upon the number of transactions made through their links.

CommissionUp to ₹0.22 for App Install
Profit Link Cookie / Session Time30 Days 

6. 5paisa Affiliate Program

5paisa Affiliate Program

5 paisa.com offers discount brokerage services to retail investors in India. It charges INR 20 brokerage irrespective of the size of the trade, segment, or exchange. It allows its customers to trade in equity, commodity, and currency at BSE, NSE, and MCX. It is a publicly-traded and professionally managed company. 

The Basic Pack, Power Investor Pack, and Ultra Trader Pack are the 3 subscription plans offered by 5 paisa.com. Under this, they can avail of several benefits such as 0 charges for account opening and fee reduction from ₹20 to ₹10.

The 5 paisa Demat account was awarded as the Premier Depository Participant by CDSL. 5 paisa Mutual Funds include regular and direct mutual funds. Its trading platform includes the Mobile Trading App, Trading Website, and Installable Trading Terminal.

Why Promote 5paisa Affiliate Program?

  • The only company to offer research on more than 4,000 companies.
  • 5 paisa.com offers the lowest charge, i.e., ₹20, which can even go down to ₹10 depending upon the offer
  • Get the first 100 trades free every month with the help of value-added packs

Earning Potential  

You can easily join 5paisa affiliate program and earn a profit of anywhere around ₹4000 This can even increase to ₹5000 or more depending upon the number of transactions made through their links.


CommissionUp to ₹150 for every account activated
Profit Link Cookie / Session Time30 Days

7. Indiabulls Affiliate Program

Indiabulls Affiliate Program
7. Indiabulls Affiliate Program

Indiabulls Housing Finance Ltd. (IBHFL) is a company that offers home loans. It is the 3rd largest financial company in India that is regulated by the RBI. Till now, it has served over 1 million, happy customers. In June 2021, its balance sheet reflected an amount of 0.82 trillion.

Indiabulls has 130 branches and 2 representative offices in Dubai and London. The main goal of the company is to make housing more affordable. Rated as ‘AA+ by BrickWork ratings, Indiabulls offers quick and convenient home loans in the affordable housing segment.

Why promote Indiabulls Affiliate Program?

  • Values integrity, transparency, and professionalism
  • Offers a smooth home buying experience to its customers
  • Gain profits on every sale through your affiliate link

Earning Potential  

Indiabulls affiliates can earn a profit of anywhere around ₹5000 This can even increase to ₹6000 or more depending upon the number of transactions made through their links.


CommissionUp to ₹170.62 per sale
Profit Link Cookie / Session Time30 Days

8. Motilal Oswal Affiliate Program

Motilal Oswal Affiliate Program
Motilal Oswal

Awarded as the best local brokerage firm in Asia in 2021, Motilal Oswal is a diversified financial services firm based in India. The company offers products like Mutual Funds, IPOs, Gold, Insurance, and Fixed Income. Its clients include individuals with high net worth, foreign institutional investors, financial institutions, mutual funds, and corporate clients. 

Research is considered one of the main reasons for the success of Motilal Oswal. 10% of its revenue is invested in equity research, and has a dedicated team assigned for the same purpose. Its research reports have also gained wide publicity in the national media. Default account, margin pack, and value pack are the 3 accounts offered by Motilal Oswal.

Why Promote Motilal Oswal Affiliate Program?

  • Get to promote a company that has received more than 100+ awards and has more than 2900000+ happy customers
  • Gain the advantage of the MO Products, MO service, and MO technology that allows you to track and trade in 1 click
  • Gain profits on every sale through your affiliate link

Earning Potential  

Motilal Oswal affiliates can earn a profit of anywhere around ₹5000 This can even increase to ₹6000 or more depending upon the number of transactions made through their links.


CommissionUp to ₹105 per lead
Profit Link Cookie / Session Time30 Days


What Is A Trading Affiliate Program?

A Trading Affiliate Program is a program that helps you to earn money by promoting online trading platforms to potential online traders. When someone becomes an online trader through your link, you will earn a commission for it.

Are Affiliate Programs For Online Trading A Good Idea?

Definitely! Becoming an Online Trading Affiliate Marketer will help you to earn high profits. You will also be able to help others to make informed financial decisions. Stock trading mostly happens online. This means there will always be a demand for online traders.

Which forex broker has the best affiliate program?

EXNESS has the best affiliate program in 2022. It is one of the leading brokers in the world and has over 1 million clients. EXNESS has the no.1 affiliate program because it provides marketing services such as banners, logos, widgets, etc, along with 24/7 affiliate support and service

How do I become a forex affiliate?

You can become a forex affiliate by creating a social media profile or a website of your own. Next, gain followers and build authority. You can provide information about forex for free to your audience. Once this is done, you can even gain the email address of your audience.
Next, sign up for a trading platform of your choice, copy the affiliate link and paste it into your website. When someone signs up to the trading platform, you will earn your commission.

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Mansi Rana
Professional Experience. Mansi joined EarnKaro in 2022 as a Content Analyst. With over three years of experience, she is a seasoned content writer specializing in niches such as affiliate marketing. Educational Background. A Journalism and Mass Communication graduate from Amity University, Mansi channels her passion towards empowering aspiring micro-influencers through the power of affiliate marketing. More About Her. She indulges in her passion for beauty and fashion in her spare time, immersing herself in extensive research and staying up-to-date with the latest trends and innovations.



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