Stratzy Referral Code

A 15% lifetime share sounds like a discount. It is a commission — and it pays you for as long as the person you referred keeps paying, which is a different relationship from recommending something once.

Stratzy is a stock market research and ideas platform sold on subscription, and its referral is advertised as 15% lifetime cashback. Two things are worth unpacking: what the 15% attaches to, and the regulatory environment that any Indian research or advisory product now operates in.

Start with the structure. A one-off referral bonus pays for an introduction and then stops. A lifetime percentage pays you every time the person you referred renews. Your interest is therefore in their continued subscription rather than in whether the product suits them — and specifically, you benefit if they keep paying even during periods when they are not using it or not benefiting from it. That is not a reason to avoid the offer. It is a reason to be honest with yourself about whether you would recommend the subscription to that person if the renewals paid you nothing.

The same structure is described on this site's pages for broker revenue shares, where a stock exchange formally objected to it, and for gambling rake shares, where the conflict is starker. The common shape is: a percentage of what someone else keeps spending.

Now the regulatory context, which changed materially in 2025 and which most listings in this category have not caught up with. SEBI amended the Research Analysts Regulations, and the resulting position includes several things worth knowing as a subscriber:

Fees for individual and HUF clients are capped at ₹1,51,000 per year per family, excluding statutory charges, with the cap subject to review every three years. Advance fees may not exceed one year's worth. On early termination the client is entitled to a proportionate refund for the unexpired period, and no breakage fee may be charged — so if you subscribe and stop, you are owed the balance back. Payment must be by cheque, bank transfer or UPI; cash is prohibited. And research analysts must disclose the extent to which they use AI tools in their research services, at the point terms are presented and updated thereafter.

There is also an Advertisement Code covering investment advisers and research analysts. Advertisements must not be false, misleading, biased or deceptive, must not be based on assumptions or projections, must not be exaggerated or inconsistent with the risk and return profile of the product, and must carry a disclaimer stating that SEBI registration, BASL membership and NISM certification guarantee nothing about performance or returns. Since March 2025, SEBI-registered intermediaries must verify their identity before advertising on social media.

That last cluster of rules is the practical value of this page. If you encounter a research product being promoted with performance claims, projected returns or "guaranteed" language — on social media or anywhere else — those rules tell you what should be there and what should not. Check for the disclaimer, check whether the entity is registered, and treat the absence of either as the answer.

On the referral itself: verify the current terms directly, and read the 15% as what it is — a commission on someone's continuing subscription, not a discount on yours.