Dear Pavan, thanks for agreeing with most of my views. See we all have a way of looking at things differently. And I am not rejecting your views. I mentioned in the post to invest in Education rather giving recognition. See most of the clients fail and they need proper education about trading and investing. Most of them don’t even know what is Fundamental & Technical Analysis. Therefore If the broker invest their time and money in clients education, then in return as a gratitude they may remain invested with the broker or sub-broker. I personally have distributed books, online courses to many people. And truth is that many of them are not even my clients. But before taking any financial advice, they come to me and ask for advice. I help them without any expectation. That’s my nature. So rather giving recognition to someone specific, a broker should recognise everyone who have been invested or trading.
See if a trader generates Rs. 10000/- brokerage in a month, a broker will give Rs.5000/- to him in a cashback form or as a recognition in your words. What is the logic. A Trader has given business of Rs. 10000/- first and later he got back Rs. 5000/-. A broker will set a limit of recognition. And what would happen if a Trader has generated a business or brokerage of Rs. 20000/- in a month. Still he will be rewarded with Rs. 5000/- only. So instead of rewarding trader, a broker should Introduce a prepaid brokerage plans with upto 50% discount. These will be a good product. And this would be beneficial for both Broker and Sub-brokers. What do u think of this. And still if u think that the trader should be rewarded then you can ask @PravinJ to take a further step ahead of Zerodha and Fyers, and create a separate page on Dhan.co website for successful traders of the year or month wise. Its upto them.
See I am both Partner and a client of Dhan, and am not their employee. I have worked for several brokers till date as a Authorised Person (NSE). And here as a client we can express here our views and suggestions. And the management here atleast taking notes of their clients feedback and suggestions and implementing too on it. That’s the main thing I liked about Dhan in my overall experience till date.
About becoming a partner just share your Name and Number to me @ 8983639836. I would be happy to guide you about doing business as a Authorised Partner.