Check out Angel Broking Franchise or Sub Broker review here. The largest brokerage house in India, Angel Broking is a go-to trading platform for traders and investors alike.

Incorporated in 1996, Angel Broking has built a strong position in these 27 years. Being an impeccable service provider, many potential candidates are looking forward to running a business with the company as sub-brokers.

As per the current figures, the brokerage house is already working with approximately 20,000+ sub-brokers who operate in over 150 cities and towns nationwide.

If you desire to become an Angel Broking Sub Broker, this review is for you. In this sub-broker review, you will get to know all the nitty-gritty details from sub-broker commission and investment to profits and application process.

Type of Broker Discount Broker
Total Sub Brokers 20,000+
Total Investment Rs.90,000 – Rs.1,75,000
Sub Brokers Commission 50% – 70%
Avg. Monthly Profit Approx. Rs.1,65,000
Breakeven Time 3 months
Payout Time 30 Days

Angel Broking Franchise - Business Models

Sub Brokership


Partner Program


Refer and Earn


Why Start an Angel Broking Franchise?

Starting an Angel Broking Franchise as an authorized person is the biggest advantage you can reap with the legacy of this well-established brokerage house.

Let’s read further to uncover the pros of registering for the franchise:

  • Angel Broking is a reputable brokerage house with 20,000+ sub-brokers already providing services worldwide. Acquiring more new clients becomes much easier when you are associated with such a successful venture in the broking industry.
  • The plus point is that you can earn a satisfying and growing income with Angel Broking, i.e., a whopping commission of somewhere between 50% and 70% of the money the broker makes.
  • With the company, you can make an average of Rs.1,65,000 profits each month. And the cool thing is that you will be paid every 30 days.
  • You can choose from different ways to make money with Angel Broking. For instance, you can either join their partner programs, work as a sub-broker, or earn rewards for referring the company to your known ones.

Angel Broking Sub Broker Commission

Revenue Sharing

50% - 60%

Per Client Acquisition


Are you curious to know the Angel Broking Sub Broker Commission? Angel Broking gives you a lucrative monetary reward that no other brokerage house can offer.

As an Angel Broking sub-broker, you can earn a satisfying amount of money, i.e., a whopping revenue share of somewhere between 50% and 60% of the money the broker makes.

Moreover, you will receive Rs. 200 on acquiring each new client for the company.

Angel Broking Franchise Cost or Investment

Security Deposit (One Time)

Rs.50,000 - Rs.1 Lakh

Exchange Charges (One Time)


Office Expenses (Monthly)

Rs.40,000 - Rs.75,000

When considering becoming a part of Angel Broking by enrolling in a franchise, you should research the required investment details.

This section will break down the Angel Broking Franchise Cost in an easy-to-understand way:

First, the company asks the potential candidates to pay Rs.50,000 to Rs.1 lakh as a security deposit to open a franchise.

The good news is that it’s a one-time fee, meaning you must pay a security deposit once. Another plus point is that you need not pay any fee as exchange charges.

However, you will have monthly office expenses ranging from Rs.40,000 to Rs.75,000, depending on your needs and budget.

Angel Broking Sub Broker Franchise Profits & Income

Check out Angel Broking Franchise Profits & Income here.

Total Clients 900
Active Clients 300
Avg. Commission per Active Client 1,500
Total Brokerage 4,50,000
Sub Broker’s Share (50%) 2,25,000
New Client Acquisition 50
Client Acquisition Income (Rs.200 per Client) 10,000
Sub Broker’s Income 2,35,000
Total Expenses 70,000
Sub Broker’s Net Profit 1,65,000
Net Profit Margin 36%

Do you want to know what your earning potential will be with Angel Broking? If so, this section discusses the expected Angel One Sub Broker Profits:

Suppose, when working as the brokerage house’s sub-broker, you bring 900 clients to Angel Broking. And out of these 900 clients, 300 started actively trading with the firm.

Let’s say the company offers an average of Rs.1,500 as a commission for each active client. So, on adding the commission of all 300 active clients, it will be Rs.4,50,000. Angel Broking let you have 50% of this amount, i.e., Rs.2,25,000.

Now, think like that, you brought 50 new clients for the firm and thus received Rs. 10,000 as a reward. On adding up, your total income will be Rs.2,35,000.

Even after paying expenses amounting to Rs.70,000, you still will have a Rs.1,65,000 balance as your Angel Broking franchise profit.

Angel Broking Sub Brokership Offers

Commission above 50%


Zero Investment


Free Advisory


Free Delivery Trading


Flat Brokerage Charges


1st Month Free Brokerage


Zero Brokerage on Loss Making Trades


By enrolling for the sub-brokership model, you can access some cool Angel Broking Franchise Offers.

The first exciting offer we will talk about is a commission above 50%. Yes, you heard it right! Sub-brokers have the opportunity to earn a commission of over 50% by running an Angel Broking franchise.

Another benefit you can leverage as a sub-broker is free professional advice, allowing you to make an informed decision.

Moreover, you can save a few bucks by accessing free delivery trading and flat brokerage charges. However, the sad news is that you are asked to spend some money as an upfront investment.

Additionally, you can’t avail of the perk of free brokerage for the first month, and you are asked to pay brokerage on the loss-making trades.

Angel Broking Authorized Person SWOT Analysis

Below discussed is the SWOT analysis related to the Angel Broking Authorized Person:


  • Angel Broking is a reputable name that can give sub-brokers a competitive edge in the market.
  • The company promises a whopping commission falling between 50% to 60%, offering a lucrative earning potential for its sub-brokers.
  • Angel Broking offers a flexible business opportunity, as you can enroll in either partner programs, sub-brokership models, or refer and earn models.
  • When running the brokerage house franchise, you can access dedicated authorized person support facilities, including RM support, dealer and product training, back office support, etc.
  • Sub-brokers can handle and assist clients at their fingertips with the cutting-edge Angel Broking sub-broker app.


  • Unlike other competing brokerage houses, Angel Broking doesn’t offer zero brokerage on loss-making trades.
  • Angel Broking asks for an upfront investment of Rs.50,000 to Rs.1 lakh as a security deposit to open a franchise.
  • The brokerage house keeps the first month’s brokerage, increasing the financial burden of new sub-brokers.


  • Angel Broking offers multiple business models, allowing authorized persons to explore multiple revenue streams, boosting their earning potential.
  • The firm can attract more clients by introducing loans as its product offerings.
  • With more and more people investing their funds in stocks and other financial instruments, there is a vast market for Angel Broking’s authorized persons.


  • Over the past few years, the financial market has evolved and become highly competitive, with numerous brokerage houses posing threats to Angel Broking’s market share.
  • The financial sector is uncertain, and sudden changes in regulations can impact the firm’s business operations and revenue structures.
  • Economic slowdown with increased job layoffs is adversely impacting the trading and investment rate in the country.

Angel Broking Franchise or Authorised Person Support

Dedicated RM Support


Dealer Training


Products Training


Acquisition Support




Advisory Support


Backoffice Support


Marketing Support


Angel Broking AP Support comes to the rescue whenever the firm’s partners need help with running the franchise.

You can seek the professional help of a relationship manager (RM) whenever experiencing any issue.

There is no need to worry if you don’t know the basics of dealer operations. Angel Broking will serve as your support system by providing necessary dealer training.

In addition, the company ensures you know every minute detail about its product offerings via product training.

With acquisition support, the broker ensures you have an easy time bringing in new clients. Not only does Angel Broking organize online sessions and webinars, but it also provides great support behind the scenes with back-office support.

Are you planning to promote your sub-brokership franchise? Angel Broking often renders marketing support to help its sub-brokers advertise their business nationwide.

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Angel Broking Sub Broker Business - Office Requirement

Area in Sq. Ft.

200 - 300 Sq. Ft.

No. of Employees

Atleast 2

Dealer Terminal


Mobile or Telephones


Call Recording


Laptops or Computers





Not mandatory

Managers Cabin

Not mandatory

When wanting to register for the Angel Broking Franchise, you must be prepared to set up your office as per the broker’s requirements.

First things first, your office space should be in the 200 to 300 square feet area.

It’s a must for you to hire at least two employees and have a dealer terminal and laptops or computers for trading. Telephones or mobile phone connection is a must for effective communication.

Furthermore, you must install high-quality CCTVs to monitor routine activities in your office. Lastly, having a reception area or manager’s cabin and recording calls is optional.

Angel Broking Sub Broker Dashboard Link

Web Platform

App Platform


The Angel Broking Sub Broker Dashboard is a cutting-edge tool allowing sub-brokers to handle and assist clients in trading or investments at their fingertips.

The company has been a pioneer in the web-enabled platform that provides sub-brokers seamless access to various features and functionalities.

You can easily navigate the dashboard through advanced trading platforms and devices, ensuring greater flexibility and convenience.

The dashboard allows you to manage your clients’ portfolios by monitoring their real-time activities and trading profits and losses.

Although Angel Broking doesn’t provide access to the app platform, for quick access to the web platform, you can tap the given dashboard link.

Angel Broking Franchise Login

You can quickly Angel Broking Franchise Login to your partner portal by using your user ID and password.

But to secure login credentials, you will have to become an official sub-broker of the firm.

Angel Broking itself generates unique dashboard login credentials for each partner once they comply with the eligibility criteria to run the franchise.

After receiving login details, you must visit the dashboard login page and enter your unique credentials.

Angel Broking Franchise Backoffice Platform - Features

Lead Addition Link


Manual Lead Addition


Lead Stage Info


Lead Info Backend Change


Lead Deletion


Brokerage Mapping


Manual Brokerage Change


Leads Report


Clients Activation Report


Clients Portfolio Report


Monthly Payout Report


Angel Broking Sub Broker Backoffice is an advanced computer program designed to help partners assist clients actively trading in stocks.

It is a user-friendly platform that allows sub-brokers to automatically or even manually add or remove all your leads to your Angel Broking account.

Moreover, the platform lets you know at what stage your leads are. For instance, you can know when your lead transformed into an actual client.

You can access the lead reports showing their investments and recent activities, client activation, client portfolio, and monthly payout reports showing your monthly earnings.

Having back-office support is like having a helper, making it easy to carry out all behind-the-scenes work.

Angel Broking Sub Broker Review or Ratings by

Overall Rating

7.22 / 10


7.19 / 10


7.31 / 10


7.25 / 10


7.18 / 10


7.16 / 10

Angel Broking Authorised Person - Products Offered









Mutual Fund




IPOs / FPOs / NCDs


Foreign Stocks





Not offered

Angel Broking Franchise - Trading Platforms Offered

Trading App


Web Trading Platform


Trading Terminal


Algo Trading Platform


Robo Advisory Platform


Thematic Investment Platform


Foreign Stocks Investment Platform


Backoffice Platform


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How to Become a Angel Broking Sub Broker? - Eligibility Criteria





Academic Qualification


Basic Computer Skills


Basic Communication Skills


NISM Certificate

Yes, compulsory

You should meet the below discussed eligibility criteria to Become an Angel Broking Sub Broker:

  • First things first, your age must be more than 21 years, and you must be an Indian citizen.
  • Next, only candidates who have completed their graduation can be a part of the Angel Broking franchise.
  • The company requires its sub-brokers to at least know the basics of using computers to guide clients to buy and sell stocks online.
  • You must have good communication skills so that you can converse efficiently with prospective clients and convince them to trade with Angel Broking.
  • It’s a must for potential candidates to be NISM certified. This specific certification acts as proof that you know everything about the stock market and how it works.

Once you complete the application process and are verified positively, you can start working as an Angel Broking sub-broker.

Angel Broking Sub Brokership - Documents Required by Individuals

Sub Broker Agreement


Identity Proof - Aadhaar


Address Proof - Aadhaar / Rental Agreement




Passport Size Photo


Bank Account Details


Bank Cancelled Cheque


Angel Broking Franchise - Documents Required by Firms or Company

Sub Broker Agreement


Firm or Companies PAN


Firm or Companies TAN


Firm or Companies Incorporation Certificate


Firm or Companies Bank Details


Firm or Companies Cancelled Cheque


All Partners or Directors PAN


All Partners or Directors Aadhaar


All Partners or Directors Photo


Angel Broking Franchise – Conclusion

When planning to start the Angel Broking Franchise, you can opt for any of the three business models depending on your needs and how much profit you want to make.

Although the franchise model asks for a higher initial security deposit, you can receive it back once the partnership model is terminated or has completed its duration.

Aside from that, the commission in the partnership model ranges between 50% to 60%, which is quite astonishing.

Ultimately, by assisting the large customer base of a well-established brokerage house like Angel Broking, you can build your name nationwide.

FAQs on Angel Broking Authorised Person 

Here are various FAQs related to Angel Broking Sub Brokership.

Does Angel Broking have a Sub-Brokership Model?

Yes, Angel Broking is a discount broker and has a sub-broker model, allowing individuals to earn lucrative commissions.

How many franchises does Angel Broking have?

Presently, Angel Broking has more than 12,000 franchises nationwide.

What is the earning potential of Angel Broking AP?

The earning potential of Angel Broking for authorized persons is approximately Rs.1,65,000 in profits each month.

How can I start an Angel Broking Franchise?

To start an Angel Broking franchise, you should research the eligibility requirements. If you are eligible, scroll down on the page to find the ‘Become a Sub Broker’ form.

Fill out the form, and the Angel Broking team will contact you for further application process.

Is Angel Broking Franchise a Profitable Business?

Yes, the Angel Broking franchise is a profitable venture, offering a net profit margin of 36%.

Who is Angel Broking Sub Broker?

Angel Broking sub brokers work with the company to bring in new clients and offer them necessary financial services.

What is Angel Broking Franchise Cost?

Angel Broking asks the potential candidates to pay a one-time fee of Rs.50,000 to Rs.1 lakh as a security deposit to start a franchise.

In addition, you will have monthly office expenses ranging from Rs.40,000 to Rs.75,000.

How much is Angel Broking Sub Broker Commission?

The commission for Angel Broking sub-brokers falls between 50% and 60%.

Does Angel Broking AP get back-office access?

Yes, an Angel Broking authorized person gets back-office access from the broker.

Is an Angel Broking Demat Account necessary to become a Sub Broker?

The applicant must open a demat account with Angel Broking to work as a sub-broker.


Customer ratings and reviews of Angel Broking Sub Broker

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