Finding and choosing the Best Sub Broker in India from so many options available can be mind-boggling.
According to Money Control, the sub broking franchise business has grown three times more in the last two years and is projected to increase by 30% YOY (Year-on-Year) by 2027.
These figures show that enrolling in a Sub Broker Franchise with a reputed stockbroker is a lucrative opportunity.
However, with more than 300 stock brokers registered with SEBI having different business models, you might be in a dilemma regarding which sub-brokership to join.
Don’t Worry, We’ve got your back! In this article, we have compiled the top 10 sub broker franchises in India and compared them based on different criteria.
Top 10 Sub Broker Franchise in India
| Si. No. | Sub Broker Franchise |
| 1 | Angel One Sub Broker |
| 2 | Sharekhan Sub Broker |
| 3 | IIFL Sub Broker |
| 4 | Motilal Oswal Sub Broker |
| 5 | Zerodha Sub Broker |
| 6 | Upstox Sub Broker |
| 7 | ICICI Direct Sub Broker |
| 8 | Kotak Securities Sub Broker |
| 9 | SBI Securities Sub Broker |
| 10 | Paytm Money Sub Broker |
If you want to start a subbroker business and make good revenue with low investment, joining hands with the mentioned stockbrokers is your ultimate opportunity.
Brand value plays a significant role in establishing and running the sub-brokership business in India.
From Angel One to Paytm Money, each stockbroker is registered with SEBI and has established a solid brand name.
Working with any of these Best Sub broker models will allow you to automatically capitalize on your business’s goodwill and brand value.
After our evaluation, we found that Angel One is the top-ranking Indian brokerage house, and its brand value benefits potential APs the most.
Other reputed brokerage houses with exorbitant brand values are Sharekhan, followed by IIFL, Motilal Oswal, and others.
Compare the Best Sub Broking Business in India
| Brand | No. of Sub Brokers | Investment | Commission | Breakeven |
| Angel One | 20,000+ | Min. Rs.50,000 | 50% – 70% | 2 Months |
| Sharekhan | 7,000+ | Min. Rs.70,000 | 60% – 70% | 3 Months |
| IIFL Securities | 12,000+ | Min. Rs.50,000 | 60% – 75% | 2 Months |
| Motilal Oswal | 7,500+ | Min. Rs.1 Lakh | 60% – 70% | 3 Months |
| Zerodha | 5,000+ | Min. Rs.11,000 | 30% – 50% | 1 Month |
| Upstox | 3,500+ | Min. Rs.3,000 | 30% – 40% | 1 Month |
| ICICI Direct | 2,500+ | Min. Rs.75,000 | 60% – 70% | 3 Months |
| Kotak Securities | 2,000+ | Min. Rs.50,000 | 60% – 70% | 3 Months |
| SBI Securities | 2,100+ | Min. Rs.75,000 | 60% – 70% | 3 Months |
| Paytm Money | 1,000+ | Zero Investment | 30% – 40% | 1 Month |
We have shortlisted the top 10 sub broker franchises in India based on multiple parameters. These five parameters are as follows:
- Commission
- Investment
- Market Share
- Earning Potential
- Dashboard
All these factors are thoroughly evaluated to Compare Sub broking Business Providers, helping you choose the best subbroker franchise to establish a successful career.
After comparing all the brands, we concluded that Angel One is currently the top-ranking subbroker program provider in India.
The rankings are then followed by Sharekhan, IIFL, Motilal Oswal, Zerodha, Upstox, ICICI Direct, Kotak Securities, SBI Securities, and Paytm Money sub-brokers.
Best Stock Broker Franchise with High Commission
| Brand | Commission |
| IIFL Securities | 60% – 75% |
| Sharekhan | 60% – 70% |
| Motilal Oswal | 60% – 70% |
| ICICI Direct | 60% – 70% |
| Kotak Securities | 60% – 70% |
| SBI Securities | 60% – 70% |
| Angel One | 50% – 70% |
| Zerodha | 30% – 50% |
| Upstox | 30% – 40% |
| Paytm Money | 30% – 40% |
When considering choosing to be your boss, the first important factor that comes into mind is the commission.
No matter whether you want to invest in the sub-brokership, partner, or referral program, your end goal is to earn a lucrative commission.
So, how do sub brokers earn commission from stock brokers? Suppose you communicate with a potential client and convince him to trade or invest with a particular brokerage house.
You acquired a client for the broker, and according to that broker’s commission model, you are entitled to a commission at a specific percentage.
The sub broker’s commission share varies from broker to broker.
According to our research, IIFL Securities offers the highest commission share of 60% to 75%, making it the Best Stock Broker Franchise in terms of commission.
Next on the list are Sharekhan, Motilal Oswal, ICICI Direct, Kotak Securities, SBI Securities, Angel One, Zerodha, Upstox, and Paytm Money.
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Top Sub Broker Franchise with Low Investment
| Brand | Investment |
| Paytm Money | Zero Investment |
| Upstox | Min. Rs.3,000 |
| Zerodha | Min. Rs.11,000 |
| Angel One | Min. Rs.50,000 |
| IIFL Securities | Min. Rs.50,000 |
| Kotak Securities | Min. Rs.50,000 |
| Sharekhan | Min. Rs.70,000 |
| ICICI Direct | Min. Rs.75,000 |
| SBI Securities | Min. Rs.75,000 |
| Motilal Oswal | Min. Rs.1 Lakh |
You should know that you can only set up a franchise with a reputed brokerage house with an initial investment. Consider it a ticket to set up your dream business.
Therefore, the second and equally vital parameter to evaluate before selecting the top sub broker franchise is the franchise cost (investment) requirement.
Almost every sub broker franchise cost covers security deposits, exchange charges, and office expenses.
You should know that the franchise cost usually ranges between INR 50,000 and INR 1 lakh in India.
Moreover, a part of this franchise cost is refundable, i.e., the brokerage house returns the security deposit after deducting a particular percentage.
Now, talking about the low-investment sub-broker franchise opportunity, Paytm Money offers its franchise without requiring investment.
Yes, you heard it right! You can set up a franchise with Paytm Money without investing a single penny.
Upstox, Zerodha, Angel One, IIFL, Kotak Securities, Sharekhan, ICICI Direct, SBI Securities, and Motilal Oswal are next on the low-investment franchise list.
Best Stock Broking Franchise with a High Market Share
| Brand | No. of Sub Brokers |
| Angel One | 20,000+ |
| IIFL Securities | 12,000+ |
| Motilal Oswal | 7,500+ |
| Sharekhan | 7,000+ |
| Zerodha | 5,000+ |
| Upstox | 3,500+ |
| ICICI Direct | 2,500+ |
| SBI Securities | 2,100+ |
| Kotak Securities | 2,000+ |
| Paytm Money | 1,000+ |
Knowing the market share of these top 10 sub brokers in India can influence your decision to establish a franchise business.
You will benefit more by joining hands with the brokerage house that captures a high share of the market.
How can it benefit you? A stockbroker working with the highest number of Authorised Persons indicates that the company has already established a firm footing in the market.
In addition, more people are aware of their brand name, making it much easier to attract, engage, and convert potential leads into actual clients.
Which is the Best Stock broking Franchise in terms of market share? Angel One is a top-ranking stockbroking franchise with a market share of 20,000+ sub brokers in India.
IIFL, Motilal Oswal, Sharekhan, Zerodha, Upstox, ICICI Direct, SBI Securities, Kotak Securities, and Paytm Money are next on the list.
Top Sub Brokers in India with High Earning Potential
| Brand | Estimated Earnings |
| Angel One | Approx Rs.1.65 Lakh |
| IIFL Securities | Approx Rs.1.42 Lakh |
| Zerodha | Approx Rs.1.20 Lakh |
| ICICI Direct | Approx Rs.1.17 Lakh |
| Upstox | Approx Rs.1.11 Lakh |
| Kotak Securities | Approx Rs.1.10 Lakh |
| Sharekhan | Approx Rs.1.01 Lakh |
| Motilal Oswal | Approx Rs.1.01 Lakh |
| Paytm Money | Approx Rs.1 Lakh |
| SBI Securities | Approx Rs.96,000 |
The fifth most important criterion to decide between the Top Sub Brokers in India is the earning potential.
No matter what business you choose, it’s natural for you to assess the income or profits you can make after investing your money, time, and efforts.
The same applies to this business. You’ll want to know how much income or profits you can make monthly from a specific broking house.
You should know that the earning potential of a sub broker generally ranges between INR 50,000 and INR 2 lakh in India.
Your earnings will depend on the amount invested in the franchise and the number of clients you acquire for the broker.
Which Indian subbroker franchise facilitates the highest earning potential? Angel One tops our list, facilitating the earning potential of INR 1,65,000 to the APs.
Next on the list are IIFL, Zerodha, ICICI Direct, Upstox, Kotak Securities, Sharekhan, Motilal Oswal, Paytm Money, and SBI Securities.
Best Stock Broker AP with Top-Notch Dashboard
| Brand | Dashboard Score |
| Motilal Oswal | 9.15 / 10 |
| Angel One | 9.05 / 10 |
| Sharekhan | 8.90 / 10 |
| IIFL Securities | 8.75 / 10 |
| ICICI Direct | 8.70 / 10 |
| Kotak Securities | 8.55 / 10 |
| SBI Securities | 8.40 / 10 |
| Zerodha | 7.50 / 10 |
| Upstox | 7.25 / 10 |
| Paytm Money | 7.15 / 10 |
In this digital world, businesses can only operate smoothly with technological support; this venture is no exception.
Almost every stockbroking house in India understands the significance of technological support in working efficiently.
Therefore, they provide their sub-brokers access to innovative web-based and app-based platforms via personalized dashboards.
Brokerage houses, from Angel One to Paytm Money, create a unique account for each registered sub-broker and provide unique login credentials to access the dashboard.
By logging into your dashboard, you can view real-time market updates, track clients’ activities, manage clients’ portfolios, track your earnings, analyze detailed reports, and do much more.
After evaluating these brands based on this parameter, Motilal Oswal provides the Best stock broker AP dashboard support.
Angel One, Sharekhan, IIFL, ICICI Direct, Kotak Securities, SBI Securities, Zerodha, Upstox, and Paytm Money follow the list.
Angel One Sub Broker Program
Angel One tops our list of the Best Sub brokers in India. Previously registered as Angel Broking, Angel One is the largest stockbroking firm in India, with over 20,000 subbrokers working nationwide.
Angel One was founded in 1987, and during these 36 years, it has established itself as the most respected financial services company by offering clients an attractive range of products and services.
Its offerings include stock trading and investments, IPOs, PMS, fixed deposit investments, mutual funds, insurance products, and derivatives.
The stockbroking company provides a low-cost, high-earning potential model to aspirants wanting to start their own businesses.
To set up an Angel One franchise, you will need at least INR 50,000 for initial investment and expect to earn INR 1,65,000 in addition to 50% to 70% commission.
Moreover, the brokerage house offers franchisees a host of perks, offers, and support facilities, from advisory support to access to cutting-edge technological platforms.
Sharekhan Sub Broker Program
Second in the list of Top Sub Broker in India is the Sharekhan Franchise.
Sharekhan is the subsidiary of BNP Paribas, a French banking group that caters to the Indian retail trading and investment sector.
One of the longest-standing stock broking firms in India, Sharekhan has established a strong footing in the stock market by offering an extensive product and service line.
Moreover, the company has a network of 3,000+ branches across 500+ Indian cities and over 7,000 subbrokers.
The company provides two types of partnering opportunities to individuals looking for a stable revenue stream, i.e., independent financial advisors.
Sharekhan demands a minimum investment of INR 70,000 in return for allowing them to earn approximately INR 1,01,000 monthly profits and 60% to 70% commission.
To your surprise, Sharekhan is ranked third in dashboard access, making it one of India’s technologically advanced brokerage houses.
IIFL Sub Broker Program
India Infoline, well-recognized as IIFL, is the third Best Sub Broker in India.
One of the oldest players in the stockbroking industry, the full-service brokerage house has been offering cutting-edge financial products and services for almost 28 years.
The stocking broking firm is already working with 12,000+ subbrokers nationwide to cater to over 40 lakh clients.
If you want to join the IIFL APs network, you can enroll as a remisier, marketing associate, or employee-to-entrepreneur program.
Regardless of the model you choose, setting up a franchise requires a minimum investment of INR 50,000, making it a budget-friendly program.
Moving to the next best part of IIFL’s subbroker program, i.e., commission and monthly profits. You can retain a whopping commission of 60% to 75% and average earnings of INR 1,42,500 each month.
In addition, the company is famous for its offers, support facilities, and technological platforms.
Motilal Oswal Sub Broker Program
Motilal Oswal is ranked the fourth Best Stock Broker Franchise in India to partner with.
Depending on your budget and business plan, you can choose to invest in any of the four business models—channel partner, franchise partner, remisier, or employee–to–entrepreneur program.
Working with over 7,500 sub brokers nationwide, Motilal Oswal is a reputed brand in the financial industry.
Therefore, taking a franchise will make acquiring more clients easier than other brokerage houses.
If you’re wondering about the franchise cost, we would like to inform you that the minimum investment can be INR 1 lakh.
The good news is that, in return for your investment, you will be allowed to add 60% to 70% commission to your bank balance.
Moreover, your earning potential can reach at least INR 1,01,000 each month. Sub brokers can expect to earn returns on their investments after three months.
Zerodha Sub Broker Program
Every aspirant wanting to set up a subbroker franchise usually looks for brokerage houses offering such opportunities at economical investment requirements.
If you are one of those, your research ends with the Zerodha Franchise.
Positioned as the fourth top stock broking franchise in India, Zerodha offers the best partnering program among Indian brokerage houses.
One of the most significant reasons why 5,000+ subbrokers work for Zerodha is its minimum investment requirement of INR 11,000.
Moreover, the company has a well-recognized name because of its top-notch offers, support, and cutting-edge trading platforms.
It allows traders and investors of all sizes to trade across multiple investment instruments in stock exchanges.
Regarding the earning capacity, you can expect a commission ranging from 30% to 50% and average monthly profits of INR 1,20,000, which is quite an impressive return for budget-friendly franchise costs.
Upstox Sub Broker Program
With an incredible rating of 9.7 out of 10, Upstox is the sixth Best Sub broker Franchise on our list.
You might find it surprising, and even many will find it difficult to believe, but you can take the Upstox franchise by paying INR 3,000.
Sub brokers are not asked to deposit security fees or upfront investment fees but just exchange charges. This opportunity is rare with other Indian brokerage houses.
The best part is that it continues with a low investment! Another perk of enrolling on the Upstox franchise program is that you don’t need to set up an official workspace.
In addition, the company offers approximately 30% to 40% commission and INR 1,11,000 monthly profits to get more clients.
Upstox offers top-notch back-office support, making managing all leads and clients easier. Other than that, you can also access RM and marketing support.
ICICI Direct Sub Broker Program
While comparing the Best Stock Market Authorized Person franchise opportunities, we positioned the ICICI Direct subbroker program at 7th place.
If you are thinking of investing in the ICICI Direct franchise, you can choose between two partnership opportunities: authorized person and investment associate.
However, to take the ICICI Direct sub-brokerage, you must invest a minimum of INR 75,000. You might wonder why you should invest a massive amount in a stockbroking firm.
Well, ICICI Direct has a huge brand name on which to capitalize and increase your earning potential.
Moreover, when running the business, you will get complete support, be it back-office, marketing, training, or relationship management.
Now, let’s come to the best part! The company rewards for increasing their clientele with 60% to 70% commission and an average INR 1,17,000 lakh monthly profit.
Kotak Securities Sub Broker Program
As the eighth Best Stock Market Franchise in India, we have a Kotak Securities Franchise.
The company allows eligible candidates to invest in three partnership models: sub brokership, NetInvet Ace, and NetInvest Direct.
The first requirement to take the franchise of Kotak Securities is to invest at least INR 50,000, which is quite affordable for beginners.
Moreover, you are mandated to open an office by complying with the pre-specified requirements.
With Kotak Securities’ market share entailing only 2,000+ subbrokers nationwide, the franchise has stringent eligibility criteria.
You might be amazed by your earning potential with the sub broker business.
The brokerage house rewards its authorized person with a whopping commission of 60% to 70% while allowing you to earn approximately INR 1,10,000 monthly profits.
In addition to attractive earnings, you can access premium offers and support facilities, including training and webinars, marketing, and back-office support.
SBI Securities Sub Broker Program
The ninth Best Broker for Sub Brokership is SBI Securities. Incorporated in 2006, SBI Securities is a relatively new entrant and, thus, will have a high growth potential.
Hence, you can capitalize on the company’s growth opportunities by setting up.
Over 17 years, the brokerage house has attracted 2,100+ sub brokers with its wide range of product offerings and top-notch support facilities.
You can also join the firm’s network by investing at least INR 75,000. Now, let’s talk about the money—the most exciting part!
You can receive around 60% to 70% of the commission each month in return for your services, which is quite impressive for a new entrant.
In addition, the monthly profit can be approximately INR 96,000.
In addition to revenue, you will receive lucrative offers and support facilities, from marketing and RM support to high-end back-office and dashboard support.
Paytm Money Sub Broker Program
Finally, Paytm Money, founded in 2017, is the newest entrant in the stock market, and it is ranked tenth on our Top Sub Broker Partner in India list.
It’s a wholly owned subsidiary of Paytm, and in a mere five years of establishment, the broking firm has made a buzz in the financial industry.
The firm allows clients to trade in equity, mutual funds, NPS retirement funds, and futures and options.
Heading to the most attractive part of the Paytm Money Franchise, you don’t need to invest a single penny to set up this business.
Yes, you heard it right! It’s an excellent strategy for attracting candidates to the subbrokership business.
Paytm Money has even succeeded in attracting 1,000+ subbrokers across the country.
Since Paytm Money has just started working as an SEBI-registered stockbroker and has no investment policy, it currently provides a low commission of 30% to 40%.
However, you can still expect to make INR 1 lakh each month, and that too within one month of becoming a subbroker.
What is a Sub Broking Business?
When thinking of starting something of your own, you might come across the term ‘sub-broking’.
Well, sub-broking is a business venture run by a sub-broker who sets up a franchise with a specific SEBI-registered stock broker.
A Subbroker, authorized person, or associate is an individual who acts as a liaison between a registered stock broking firm and potential clients.
As a subbroker, you will act as a middleman between the stockbroker and the client (trader or investor). You will work for the stockbroker to help the brokerage house attract more clients.
Also, by enrolling on this business, you will be responsible for providing services similar to your stock broking firm, activating the acquired clients, and helping them invest and deal with securities.
How to Become a Sub Broker in India? – Step by Step Process
Follow this step-by-step process to Become a Sub Broker in India.
- Choose the right stockbroker: Research and evaluate the subbroker franchise programs available in India. This article covers the top 10 sub-broker franchises in India, and you can choose any one based on your budget and goals.
- Check eligibility criteria: After choosing the franchise model, review the eligibility requirements set by the brokerage house.
- Fill in the application form: Once you are confident you meet the eligibility requirements, fill in the below given ‘Become a sub broker’ form.
- Submit necessary documents: After completing the application form, submit the required documents. These documents include a sub-broker agreement, identity proof, address proof, bank account details, bank cancelled check, PAN, and passport-size photo.
- Payment: Pay the specific stockbroker’s fee to set up a business.
- Document scrutiny: The stock exchange will thoroughly scrutinize your submitted documents to verify their authenticity.
- SEBI registration fees: Once the stock exchange approves your application, you must submit the necessary SEBI registration fees to the brokerage house, which will, in return, remit the fees to the exchange.
- Sub Broker Registration Certificate: SEBI will issue you a unique registration number and a subbroker registration certificate.
Types of Stock Broker Franchise Models
Although different brokerage houses offer different sub-broking business models, this section covers the most common sub-brokership models.
Sub broker or Authorized Person
The first popular subbrokership business model that Indian stockbroking firms offer is the subbroker or authorized person business model.
A subbroker, also known as an authorized person, is responsible for identifying new leads, pitching them to the stockbroker, and acquiring and activating them.
Most brokerage houses offer approximately 30% to 75% commission to the authorized person in return for investments ranging from INR 50,000 to INR 1 lakh.
Stock Market Partner Program
The stock market partner program is similar to the authorised person business model.
As a stock market partner, you will identify, pitch, and acquire clients for the brokerage house.
However, the main difference between a subbroker and a partner is that the latter offers only client acquisition services.
In the revenue-sharing model, a partner can retain a 30% to 50% commission after investing little to no money.
Only a 21-year-old graduate with prior experience in the stock broking industry can work as a stock market partner.
Stock Broker Master Franchise Program
Although stock broking firms rarely offer a master franchise, many potential subbrokers still find it the most lucrative business model.
This is because sub brokers are assigned the responsibility of managing the entire market of a specific region or jurisdiction.
No sub-broker other than the assigned one can operate in that particular area.
Now that the sub-broker will manage each activity in the assigned jurisdiction, he is entitled to retain the maximum revenue the stockbroker generates.
So, a master franchise can earn 80% of the stockbroker’s revenue. However, the infrastructure investment will increase from INR 2 lakhs to INR 5 lakhs.
Stock Market Referral Program
The stock market referral program is the standard business model that stocking broking companies offer their potential individuals.
By enrolling on this model, you can earn referral rewards by referring the stockbroker to your friends, family, colleagues, or anyone else.
If that person opens an account with your stock broker via the referral link you shared, you will be entitled to referral rewards.
Roles & Responsibilities of a Sub Broker
Although sub-brokers aren’t direct members of the stock exchanges, they must fulfill certain sub-brokers functions towards it.
After taking a franchise from a stockbroker, their primary role is to add more clients to the brokerage house’s clientele and help stockbrokers maximize deals in their area.
Another responsibility is to prevent traders and investors from submitting wrong documents to brokerage houses.
As a sub-broker, you must update the stockbroking firm about all transactions done by your clients.
Moreover, they are responsible for offering helpful stock exchange tips to the company’s clients and assisting them in trading and investments.
You should be able to update your clients about stock market tips and news to make the investment process seamless.
Benefits of Sub Broking Business
The following are some benefits of commencing a sub-broking business.
- One of the significant Pros of a Subbroking franchise is the expertise and knowledge you gain about the stock market. You can apply this knowledge to personal trading or assist your clients.
- When running a sub-broking business, you can provide clients with services other than brokerage, like loans, MF distribution, and PMS.
- Now that the stockbroker will handle most expenses, you must invest less to take this franchise.
- Being a broker requires compliance with stringent requirements and various authorizations and credentials. However, becoming a subbroker is relatively easier, as you need not sign up as a trading member.
- A sub-broking business allows you to earn a whopping revenue that adds to your bank balance.
Investment Required by Sub Broker Franchise
You might be aware of the business rule that no business is possible without an investment. The same applies to the sub-brokerage franchise venture.
Almost every stockbroking firm in India requires its sub-brokers to invest a specific amount to take the sub-broker franchise.
How much can the Sub Broker Franchise Cost in India?
Well, the required investment usually entails a security deposit, exchange charges, and office expenses, all ranging between INR 50,000 and INR 1 lakh.
However, there are a few Indian brokerage houses that require no investment, such as Paytm Money, or ask for a minimum investment of INR 3,000, such as Upstox.
Sub Broker Commission or Revenue Sharing
A stock broker understands the main purpose of any potential subbroker: to set up a business and earn attractive revenue.
Therefore, many reputed stockbroking firms in India offer a lucrative, flexible revenue-sharing model for this venture.
Revenue sharing involves sharing a specific percentage of revenue. Stock brokers generate this revenue from the clients acquired by subbrokers.
Moreover, the sub-broker revenue-sharing model usually involves Sub-Broker Commission, client acquisition income, referral rewards, and monthly profits.
For instance, you, as a subbroker, helped the stockbroking firm generate revenue of INR 2,00,000 per month.
According to your revenue-sharing contract, you are entitled to 50% of the company’s revenue. So, in such a case, you will receive INR 1,00,000 as a revenue share from the stockbroker.
What are the Reasons for Failing in a Sub Broker Business?
The following discussed are the challenges that lead to the Stock Broking Franchise Failure:
- Ever-changing regulatory compliance and evolving norms are significant business challenges. Failure to stay updated with changing regulatory compliance and norms can lead to financial or legal repercussions, tarnishing business reputations and resulting in huge losses.
- The financial market is volatile, and they are dealing with sudden market fluctuations. This is impacting investment decisions and, thus, client portfolios.
- An increasing number of brands has led to the hurdle of building and maintaining a loyal client base.
- The financial industry is constantly undergoing a technological revolution. Sub-brokers who fail to embrace innovative digital platforms become irrelevant to the stock market.
Drawbacks of Sub Brokership
Below are the Cons of Sub Broking business.
- You will depend on the stockbroker for marketing, advisory, infrastructure, back-office, and technology support.
- The sub-broking business is highly competitive, with an increasing number fof ranchises offering the same services.
- They are mandated to comply with SEBI’s regulatory requirements, which can be costly and time-consuming.
- The commission fluctuates significantly based on the trades executed by their clients.
- Moreover, specific business programs require high investment that all sub-brokers can’t afford.
Best Sub Broker Franchise in India – Conclusion
Are you looking forward to being your boss by taking the best sub-broker franchise in India? If so, you might be researching India’s top sub-broker franchise programs.
We have made your research much more seamless by evaluating several Indian sub-broking franchises and presenting you with the top 10 options.
Now you know the different sub-broking business models, their investment requirements, revenue-sharing models, technological platforms, earning potential, and more.
Depending on your goals and budget, this information will help you choose the Best Sub broker in India.
FAQs on Top 10 Sub Broker Business in India
Check out various FAQs related to the Top Sub Brokership Program in India.
Which is the Best Sub Brokership in India?
In India, 300+ stockbroking firms offer different sub-brokership business models.
We have ranked the top ten subbrokers in India, including Angel One, Sharekhan, IIFL, and more. You can choose anyone based on your budget, goals, and preferences.
What are the eligibility criteria for becoming a subbroker?
The eligibility criteria to become a subbroker can vary between stockbrokers. However, generally, a candidate must be a graduate and 21 years old.
Moreover, he must have a NISM certificate and basic computer and communication skills.
How much investment is required in the sub-broker Franchise?
The investment for a subbroker franchise in India can range from INR 3,000 to INR 1 lakh. Some brokers, like Paytm Money, require no investment.
What is the commission earned in the subbroker business?
The commission a sub-broker can expect to earn by setting up a sub-brokerage business is 30% to 75%.
Is the authorised person & Sub Broker the same?
Yes, an authorised person is another name for a subbroker.
Which stockbroker franchise offers the highest commission?
IIFL sub-broker franchise offers the highest commission at 60% to 75%.
Which Sub Broker provider offers low investment?
Paytm Money allows candidates to set up a sub-broker franchise without any investment.
Do I need an office to start a broker business?
Almost every sub-broker franchise venture in India requires you to set up an office.
Do these top sub-brokers provide a dashboard?
Yes, these top sub-brokers provide a dashboard.
What is the earning potential in the subbroker business?
The earning potential in the sub-broker business can range between INR 90,000 and INR 2,00,000.