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To cash in on retail rush, brokerages shower freebies on investors
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The sops on offer include free health insurance cover, Amazon Vouchers and many more.
Taking a leaf out of the playbook of FinTech platforms, brokerages houses are reaching out to investors with sops and freebies with an eye to onboard more customers as the never ever seen rush of new investors are upending the stock broking business. On offer are schemes like refer and earn, a strategy that is eponymous to the burgeoning FinTech platforms, free healthcare insurance, an innovation amid the Covid-19 pandemic and free Amazon vouchers and many more. Some are even offering special tutorials for aspiring investors who want to join the milling retail crowd and zero broking charges for intra-day trade to lure the swelling day trading crowd.