Best Sub Broker in India – Top 10 Sub Brokership providers of 2024

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 grow by 30% YOY (Year-on-Year) by 2027.

These figures show that enrolling in a Sub Broker Franchise with a reputed stock broker is a lucrative opportunity.

But, 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 put together the top 10 sub broker franchises in India and compared them based on different criteria.

Best Sub Broker in India - Top 10 Sub Broker Franchise in India


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 sub broker business and want to make good revenue with low investment, joining hands with the mentioned stock brokers is your ultimate opportunity.

Brand value plays a significant role when trying to establish and run the Sub Brokership business in India.

From Angel One to Paytm Money, each stock broker is registered with SEBI and has established a solid brand name in the industry.

Choosing to work with any of these Best Sub Broker models will allow you to automatically capitalize on the goodwill and brand value attached to your business.

After our evaluation, we found that Angel One is the top-ranking Indian brokerage house, giving potential AP the most benefit from its brand value.

Other reputed brokerage houses that have an exorbitant brand value are Sharekhan, followed by IIFL, Motilal Oswal, and more.


Compare 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 sub broker franchise to establish a successful career.

On comparing all brands, we concluded that currently, Angel One is the top-ranking sub broker program provider in India.

Then, the rankings are 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 thinking of 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 the stock brokers? Suppose you communicated with the potential client and convinced him to trade or invest with the particular brokerage house.

Simply put, you acquired a client for the broker. According to that broker’s commission model, you will be entitled to the 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.


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.

The sub broker franchise cost charged by almost every stock broker pertains to security deposit, exchange charges, and office expenses.

You should know that the franchise cost usually ranges between INR 50,000 to INR 1 lakh in India.

Moreover, a certain part of this franchise cost is refundable, i.e., the brokerage house returns the security deposit after deducting a specific percentage.

Now, talking about the low-investment sub broker franchise opportunity, Paytm Money offers its franchise without requiring any investment.

Yes, you heard it right! You can set up a franchise with Paytm Money without investing a single penny.

Next in the low-investment franchise list are Upstox, Zerodha, Angel One, IIFL, Kotak Securities, Sharekhan, ICICI Direct, SBI Securities, and Motilal Oswal.


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 in determining the franchise business.

Obviously, you will benefit more by joining hands with the brokerage house that captures a high share of the market.

How can it benefit you? Well, a stock broker working with the highest number of Authorised Person indicates that the company already has established a strong footing in the market.

In addition, more people are aware of their brand name, and thus, it will be 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 stock broking franchise with a high market share of 20,000+ sub brokers in India.

Next on the list are IIFL, Motilal Oswal, Sharekhan, Zerodha, Upstox, ICICI Direct, SBI Securities, Kotak Securities, and Paytm Money.


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 to do, 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’ll be able to make each month from a specific broking house.

You should know that the sub broker’s earning potential generally ranges between INR 50,000 to INR 2 lakh in India.

Your earnings will depend on two things: the amount invested in the franchise and the number of clients you acquire for the broker.

Which Indian sub broker franchise facilitates the highest earning potential? Angel One tops our list by 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, and this venture is no exception.

Almost every stock broking house in India understands the significance of technological support to work 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 them with 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.

The list is followed by Angel One, Sharekhan, IIFL, ICICI Direct, Kotak Securities, SBI Securities, Zerodha, Upstox, and Paytm Money.



Angel One Sub Broker Program

Angel One tops our list of Best Sub Broker in India. Previously registered as Angel Broking, Angel One is the largest stock broking firm with over 20,000 sub brokers working nationwide.

Angel One LogoAngel One was founded in 1987, and during these 36 years, it has established itself as the most respected financial services company by offering an attractive range of products and services to clients.

Its offerings include stock trading and investments, IPOs, PMS, fixed deposit investments, mutual funds, insurance products, and derivatives.

The stock broking company provides a low-cost, high-earning potential model to the aspirants wanting to start something of their own.

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 renders a host of perks, offers, and support facilities to franchisees, 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 LogoSharekhan 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 wide network of 3,000+ branches across 500+ Indian cities and over 7,000 sub brokers.

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 terms of dashboard access, making it one of the technologically advanced brokerage houses in India.


IIFL Sub Broker Program

India Infoline, well-recognized as IIFL, is the third Best Sub Broker in India.

IIFL Securities LogoOne of the oldest players in the stock broking 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+ sub brokers nationwide to cater to over 40 lakh clients.

If you want to become part of IIFL APs network, you can enroll as a remisier, marketing associate, or employee to entrepreneur program.

Regardless of model you choose, you will need a minimum investment of INR 50,000 to set up a franchise, making it a budget-friendly program.

Moving to the next best part of IIFL’s sub broker program, i.e., commission and monthly profits. You can retain a whopping commission of 60% to 75% and average profits 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.

Motilal Oswal Logo

You can choose to invest in any of the four business models – channel partner, franchise partner, remisier, and employee-to-entrepreneur program – depending on your budget and business plan.

Working with over 7,500 sub brokers across the country, Motilal Oswal is a reputed brand in the financial industry.

Therefore, taking a franchise will make it easier for you to acquire more clients than other brokerage houses.

If you’re wondering about the franchise cost, we would like to let you know that the minimum investment can round up to INR 1 lakh.

But 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 investment after three months.


Zerodha Sub Broker Program

Every aspirant wanting to set up their sub broker franchise usually looks for brokerage houses offering such opportunities at economical investment requirements.

Zerodha LogoIf you are one of those, your research ends with the Zerodha Franchise.

Positioned fourth Top Stock Broking Franchise in India, Zerodha offers the best partnering program than other Indian brokerage houses.

One of the most significant reasons why 5,000+ sub brokers 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 multiple 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 impressive in return for budget-friendly franchise costs.


Upstox Sub Broker Program

Securing an incredible rating of 9.7 out of 10, Upstox is the sixth Best Sub Broker Franchise in our list.

Upstox LogoYou might find it surprising, even many will find it difficult to believe, but you can take the Upstox franchise by paying a mere amount of INR 3,000.

Sub brokers are not asked to deposit security fees or any upfront investment fees but just exchange charges. You can hardly grab this opportunity with other Indian brokerage houses.

The best part is that it continues with a low investment! Another perk of enrolling for the Upstox franchise program is 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 it easier to manage all leads and clients. 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 sub broker program at the 7th place.

ICICI Direct LogoIf you are thinking of investing in the ICICI Direct franchise, you can opt for two partnership opportunities – authorized person and investment associate.

However, to take the ICICI Direct sub brokership, you must invest a minimum amount of INR 75,000. You might wonder why to invest such a massive amount in the stock broking firm.

Well, ICICI Direct has a huge brand name to capitalize on and increase your earning potential.

Moreover, you will get complete support, be it back-office, marketing, training, or relationship manager, when running the business.

Now, coming to the best part! The company rewards for increasing their clientele with 60% to 70% commission and an average of 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.

Kotak Securities LogoThe company allows eligible candidates to invest in three partnership models, including 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+ sub brokers nationwide, the franchise has stringent eligibility criteria.

You might be amazed after knowing 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 also access premium offers and support facilities, from training and webinars to 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.

SBI Securities LogoHence, by setting up, you can capitalize on the company’s growth opportunities.

Over 17 years, the brokerage house has successfully attracted 2,100+ sub brokers with its wide range of product offerings and top-notch support facilities.

You can also become part of 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.

Aside from 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, in the tenth position of our Top Sub Broker Partner in India list is Paytm Money. Founded in 2017, Paytm Money is the newest entrant in the stock market.

Paytm Money LogoIt’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 to attract candidates wanting to indulge in the sub brokership business.

Paytm Money has even succeeded in attracting 1,000+ sub brokers across the country.

Since Paytm Money has just started working as a SEBI-registered stock broker and has no investment policy, it, as of now, 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 after becoming a sub broker.



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 by setting up a franchise with a specific SEBI-registered stock broker.

A Sub Broker, authorized person, or associate is an individual acting as a go-between for a registered stock broking firm and potential clients.

You, as a sub broker, will be a middleman between the stockbroker and the client (trader or investor).  You will work for the stock broker to help the brokerage house get more clients.

Also, by enrolling for this business, you will be responsible for providing services similar to your stock broking firm, activating the acquired clients, and helping them with investing and dealing 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.

  1. Choose the right stock broker: Research and evaluate the sub broker 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.
  2. Check eligibility criteria: After choosing the franchise model, review the eligibility requirements set by the brokerage house.
  3. Fill in the application form: Once you are confident you meet the eligibility requirements, fill in the below given ‘Become a sub broker’ form.
  4. Submit necessary documents: After completing the application form, submit the necessary documents. These documents include sub broker agreement, identity proof, address proof, bank account details, bank cancelled cheque, PAN, and passport-size photo.
  5. Make payment: Pay the fee that the specific stockbroker specifies to set up a business.
  6. Document scrutiny: The stock exchange will thoroughly scrutinize your submitted documents to verify their authentication.
  7. SEBI registration fees: Once the stock exchange approves your application, you must submit the necessary SEBI registration fees to the brokerage house, which, in return, will remit the fees to the exchange.
  8. Sub broker registration certificate: Finally, SEBI will issue you a sub broker registration certificate and a unique registration number.

Types of Stock Broker Franchise Models

Although different brokerage houses offer different sub-broking business models, this section covers the most common types of Sub Brokership models.

Sub broker or Authorized Person

The first popular sub brokership business model that Indian stockbroking firms offer is the sub broker or authorized person business model.

Sub broker, also known as an authorized person, will be responsible for identifying new leads, pitching them about the stockbroker, and acquiring and activating them.

Most brokerage houses offer approximately 30% to 75% commission to the authorized person in return for investment ranging from INR 50,000 to INR 1 lakh.

Stock Market Partner Program

The stock market partner program is quite 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 sub broker and a partner is that the latter needs to offer a limited amount of assistance for trading to acquired clients.

Talking about the revenue-sharing model, a partner can retain around 30% to 50% commission after investing little to no money.

Only a graduate individual of 21 years 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 stock broker master franchise, many potential sub brokers still find it the most lucrative business model.

The reason for this is that 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 stock broker generates.

So, a master franchise can earn a maximum of 80% of the stock broker’s revenue. However, the infrastructure investment will be higher, rounding up to INR 2 lakhs to INR 5 lakhs.

Stock Market Referral Program

The stock market referral program is the common business model stocking broking companies offer to their potential individuals.

By enrolling for this model, you can earn referral rewards by referring the stock broker to your friends, family, colleagues, or anyone else.

If that person opens an account with your stock broker via the referral link shared by you, then 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 franchise from a stockbroker, their primary role is to add more clients to the brokerage house’s clientele. They 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 stock broking 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 Sub Broking franchise is the expertise and knowledge you gain about stock market. You can apply this knowledge to personal trading or assisting your clients.
  • When running a sub-broking business, you can provide services other than brokerage, like loan services, mutual fund distribution, and portfolio management to the clients.
  • Now that the stock broker will handle the majority of expenses, you need to invest less to take this franchise.
  • Being a broker requires compliance with stringent requirements and various authorizations and credentials. However, becoming a sub broker is relatively easier as you need not sign up as a trading member.
  • Sub-broking business allows you to earn a whopping revenue, adding 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 brokership franchise venture.

Almost every stock broking firm in India requires its sub-brokers to invest a specific amount to take the sub-broker franchise.

How much Sub Broker Franchise Cost can range in India?

Well, the investment required is usually entails a security deposit, exchange charges, and office expenses, all ranging between INR 50,000 to 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

Stock broker understands the main purpose of any potential sub broker, to set up a business to earn attractive revenue.

Therefore, many reputed stock broking firms in India offers a lucrative, flexible revenue-sharing model for this venture.

Revenue sharing involves sharing a specific percentage of the revenue. This revenue is generated by stock broker from the clients acquired by sub brokers.

Moreover, the sub-broker revenue-sharing model usually pertains Sub Broker Commission, client acquisition income, referral rewards, and monthly profits.

For instance, you, as a sub broker, 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 to Fail in 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. This can tarnish business reputations and resulting in huge losses.
  • The financial market is volatile, they are finding themselves dealing with sudden market fluctuations. This is impacting investment decisions and, thus, client portfolios.
  • An increasing number of brands has led hurdle to build and maintain a loyal client base.
  • The financial industry is undergoing a constant technological revolution. Sub-brokers failing 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 be dependent on the stock broker for marketing, advisory, infrastructure, back-office, and technology support.
  • The sub-broking business is highly competitive, with an increasing number franchises 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, certain 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 the top sub broker franchise programs available in India.

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 much more.

All this information will help you to choose the Best Sub Broker in India, depending on your goals and budget.



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+ stock broking firms are offering different sub brokership business models.

We have ranked the top ten sub brokers in India, including Angel One, Sharekhan, IIFL & more. You can pick anyone based on your budget, goals, and preferences.

What are the eligibility criteria to become a sub broker?

The eligibility criteria to become a sub broker can vary with stock brokers. 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 sub broker franchise in India can range from INR 3,000 to INR 1 lakh. Some brokers like Paytm Money requires no investment.

What is the commission earned in the sub broker business?

The commission a sub broker can expect to earn by setting up a sub brokership business is 30% to 75%.

Is the Authorised Person & Sub Broker the same?

Yes, an authorised person is another name for a sub broker.

Which Stock Broker Franchise offers the highest commission?

IIFL sub broker franchise offers the highest commission of 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 sub broker business?

The earning potential in the sub broker business can range between INR 90,000 to INR 2,00,000.