Sub Broker or Sub Broker Franchise is one of the most popular forms of spreading stockbroking business. This article will guide every aspect of a sub-broking franchise business.

It will include the benefits of getting into this business, eligibility criteria and about the process of application as well. Let’s start with the details of a sub-broker franchise.

What is a Sub Broker Franchise or Business Partner?

Sub Broker FranchiseSub broker franchise can be described as one of the popular processes of stockbrokers for expanding their business in an area.

It is one of the most effective methods of distributing business products and the services it sells. The sub-broker franchise acquires clients and sells the products and services of the stockbroker.

According to NSE, a Sub Broker can be any individual working for a trading member of any stock exchange in the country.

He / She cannot be a trading member himself of any stock exchange. He / She has to work on behalf of a stock exchange trading member.

They need to be registered with SEBI and carry that certificate of registration from SEBI while applying for sub-broker’s role.

The SEBI registration is mandatory and trading members are strictly advised to deal with only registered sub-brokers of SEBI.

There are a franchisor and a franchisee in this whole system. While the trading member or the stockbroker is referred to as the franchisor, the franchisee is the sub-broker.

Every franchisor has certain rules and regulations and both the parties signs a “franchise agreement” before getting into the business and deal with each other.

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    What are the various types of Sub Broker Franchise or Business Partner?

    There can be four kinds of business partners of a stockbroker or a trading member of the stock exchange. Here are the details –

    Authorized Person / Business Partner / Sub Broker

    This can be referred to as the sub-broker in simple terms. This individual is appointed by the stockbroker or the trading member.

    The Authorised person deals in the products and services of the stockbroker. Since the trading members are registered with the stock exchanges, via them these APs are also monitored by the stock exchange.

    Master Franchise

    Another kind of franchise is Master Franchise where a stockbroker gives the whole franchising job to one franchise in a particular area, city or in a town.

    Against a fixed percentage of share in the revenue, these franchise rights are purchased. In that particular area, all the franchise will be sourced out of the Master franchise.

    It is one of the widely accepted methods of stockbroking houses to spread their business across the country.


    You must have heard the term agent in financial industry a lot and Remisier is nothing but an agent of stock broking company.

    They work on a commission-based model and generally the commission is less compared to other two business partnership models earnings mentioned above.

    Here the Remisier get a commission when their referred clients purchase products and services of the stockbroker.

    Introducer or Referral Program

    Under this kind of business partnership, you can just refer anyone to the stockbroker and earn. Though the earning potential is lower your job is to refer a potential client only.

    You do not need to sell any products or services by yourself. If your referred person gets converted into a client of the company, you receive the money.

    List of Major Sub Broker Franchise

    HDFC Securities Franchise Religare Securities Franchise Asit C Mehta Franchise
    5Paisa Franchise SBICap Securities Franchise JM Financial Franchise
    Anand Rathi Franchise Sharekhan Franchise Mastertrust Capital Franchise
    Aditya Birla Money Franchise SMC Global Franchise NJ Wealth Franchise
    Angel Broking Franchise Tradebulls Securities Franchise Way2Wealth Franchise
    Axis Direct Franchise Zerodha Franchise Monarch Networth Franchise
    Edelweiss Franchise Ventura Securities Franchise SATCO Capital Franchise
    ICICI Direct Franchise SAMCO Franchise Yes Securities Franchise
    India Infoline Franchise SAS Online Franchise My Value Trade Franchise
    Karvy Franchise Alice Blue Online Franchise Shriram Insight Franchise
    Kotak Securities Franchise Geojit Finance Franchise Sushil Finance Franchise
    Motilal Oswal Franchise Indiabulls Ventures Franchise Swastika Investmart Franchise
    Nirmal Bang Franchise Upstox Franchise Wisdom Capital Franchise
    Paytm Money Franchise Profitmart Securities Franchise Arihant Capital Franchise
    Reliance Securities Franchise Reliance Smart Money Franchise Bonanza Portfolio Franchise
    Choice Broking Franchise Shri Parasram Holdings Franchise Jhaveri Securities Franchise
    Narnolia Franchise BMA Wealth Creators Franchise KIFS Trade Franchise
    Prabhudas Lilladher Franchise Eureka Securities Franchise KR Choksey Franchise


    Benefits of becoming a Sub Broker or Authorised Person

    There are various benefits of becoming an Authorised Person or Sub Broker of a stockbroking house –

    • The first benefit that you need to look at while opting for a sub-brokership business is the potential of earning a high revenue share. The franchiser keeps the lower amount of revenue while giving away the major portion to the franchisee.
    • The franchisor provides marketing and training facilities and support to the franchisees. Whether it is about marketing techniques, or ideas and different training like products and acquisition training, everything is provided by the franchisor.
    • Franchisor comes up with various offers on services and products they offer which benefit the franchisee. For example, a discount on brokerage or new limited period services to attract clients. These offers are passed to the clients by the franchisee and they can avail the benefit.
    • Sub broker franchise business in India can be started with very low capital. This further helps many franchisees to become a business partner of stockbroker houses without spending a huge amount. The minimum investment can be Rs. 50000 in case of sub broker’s role and lower as well.
    • Advisory services are also offered by the franchisor and this benefits the franchisee. As the latter also offer the same to the clients and can easily convince clients.

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      How to Become a Sub Broker or Business Partner?

      To get the Sub Brokership rights you need to –

      1. Apply with any trading member for their business partner’s position.
      2. The application process is online.
      3. You have to fill in all your details.
      4. Submit the documents required for sub-brokers registration.
      5. Mandatory documents are PAN, SEBI registration certificate, NCFM certificate, AADHAAAR Card and other details and documents.
      6. If you are eligible for the position, you will receive a call from the stockbroker house.
      7. They will help you further with the application process according to their rules and regulations.

      Eligibility Criteria for Sub Broker or Authorised Person?

      The eligibility criteria that a sub-broker franchise needs to fulfill are –

      • Educational qualification must be at least 10+2.
      • Financial product knowledge is a mandatory need.
      • Knowledge of basic computing.
      • Communication skill is primarily needed and convincing power.
      • Apart from financial product knowledge, the sub-broker needs to be aware of the economy and market condition.
      • He / She or she must have cleared the NISM examination for sub-brokers.
      • He / She or she needs to be an Indian Citizen.
      • As per SEBI, Limited Liability Partnership firm needs to be registered under Indian Limited Liability Partnership Act 2008 for this business.

      List of all other Stock Broking Franchise

      Mangal Keshav Franchise Kantilal Chhaganlal Securities Franchise Sunidhi Securities Franchise
      AC Agarwal Share Franchise Karuna Financial Services Franchise Sunlight Broking Franchise
      AG Shares Securities Franchise Kaynet Finance Franchise Sunness Capital Franchise
      Aasmaa Securities Franchise Khandwala Securities Franchise Systematix Shares Franchise
      Abhipra Capital Franchise Kunvarji Finstock Franchise Tradejini Franchise
      Acumen Capital Franchise Lakshmishree Investment Franchise Trustline Securities Franchise
      Anugrah Stock Broking Franchise LFS Broking Franchise Stewart & Mackertich WMS Franchise
      Adroit Financial Franchise Maheshwari Financial Franchise Unlock Wealth Franchise
      Alankit Assignments Mandot Securities Franchise Vachana Investments Franchise
      Almondz Global Securities Franchise Manubhai Mangaldas Franchise VCK Stock Broking Franchise
      Ambalal Shares Franchise Marfatia Stock Broking Franchise VNS Finance Franchise
      Anvil Share Broking Franchise Marwadi Finance Franchise Veracity Finance Franchise
      Arcadia Stock Brokers Franchise Modex Securities Franchise Vertex Securities Franchise
      Arch Finance Franchise Multiplex Capital Franchise Vrise Securities Franchise
      Arham Share Consultants Franchise Narayan Securities Franchise Wealth Discovery Franchise
      Artha Vrddhi Securities Franchise Navia Markets Franchise Zebu Wealth Franchise
      ASE Capital Markets Franchise NG Rathi Franchise Zenmoney Franchise
      Ashika Stock Broking Franchise Nine Star Broking Franchise Zuari Finserv Franchise
      Ashlar Securities Franchise Pace Stock Franchise Coimbatore Capital Franchise
      Astha Trade Franchise Patel Wealth Advisors Franchise Escorts Securities Franchise
      ATS Share Brokers Franchise PCS Securities Franchise Ganpati Securities Franchise
      Bansal Finstock Franchise Peerless Securities Franchise Progressive Share Franchise
      Basan Equity Broking Franchise Phillip Capital Franchise Rajvi Stock Franchise
      Berkeley Securities Franchise Prabhat Finance Franchise SKI Capital Franchise
      Bezel Stock Brokers Franchise Pravin Ratilal Brokers Franchise Rishabh Securities Franchise
      BGSE Financials Franchise Prudent Broking Franchise RK Global Franchise
      Bhansali Value Creations Franchise Quantum Global Securities Franchise Rudra Shares Franchise
      Bhumika Consultancy Franchise R Wadiwala Securities Franchise Sharewealth Securities Franchise
      BN Rathi Franchise Raghunandan Capital Franchise Shree Bahubali Franchise
      BP Equities Franchise Ratnakar Securities Franchise Shree Kanha Stock Franchise

      Sub Broker / Business Partner Conclusion

      Broking Franchise business is a lucrative earning opportunity. It is rapidly capturing the Indian market.

      With the boom in the stock market and investments coming from different segments, it is the right time to get into sub-brokers franchise business.

      All Sub Brokership Providers in India

      Canmoney Franchise Saaketa Consultants Franchise Steel City Franchise
      CD Equisearch Franchise Safal Capital Franchise SSJ Finance Franchise
      Celebrus Capital Franchise Shah Investors Franchise SPFL Securities Franchise
      Cholamandalam Securities Franchise Suresh Rathi Franchise Sykes & Ray Franchise
      CM Goenka Stock Franchise Integrated Master Securities Franchise Trade Smart Online Franchise
      GCL Securities Franchise CIL Securities Franchise Tradeplus Franchise
      GEPL Capital Franchise Comfort Securities Franchise Tradeswift Franchise
      Globe Capital Franchise Competent Finman Franchise Tradingbells Franchise
      Gogia Capital Franchise Composite Investments Franchise Wellworth Share Franchise
      Goldmine Stocks Franchise Consortium Securities Franchise Achiievers Equities Franchise
      Goodwill Wealth Franchise DBFS Securities Franchise Beeline Broking Franchise
      Greenbucks Securities Franchise Dealmoney Securities Franchise Capstocks Securities Franchise
      Grovalue Securities Franchise Emkay Global Franchise Dalal Broacha Franchise
      Guiness Securities Franchise Exclusive Securities Franchise Elite Wealth Franchise
      Hedge Equities Franchise Fair Intermediate Franchise Ezwealth Franchise
      HSE Securities Franchise Fairwealth Securities Franchise Fyers Franchise
      India Advantage Securities Franchise Farsight Securities Franchise HEM Securities Franchise
      Indianivesh Securities Franchise Fast Capital Markets Franchise IDBI Direct Franchise
      Indira Securities Franchise Findoc Investmart Franchise IFCI Financial Franchise
      Inditrade Capital Franchise Finvasia Securities Franchise Indbank Online Franchise
      Indus Portfolio Franchise Fortune Trading Franchise Maverick Brokers Franchise
      Integrated Enterprises Franchise FRR Shares Franchise LKP Securities Franchise
      Intime Equities Franchise Bahubali International Franchise Just Trade Franchise
      Inventure Growth Franchise SHCIL Services Franchise LSE Securities Franchise
      ISE Securities Franchise Skung Tradelink Franchise Mansukh Securities Franchise
      JM Global Equities Franchise South Asian Stocks Franchise Moneylicious Capital Franchise
      Jainam Share Consultants Franchise Sri Shirdi Capital Franchise MPSE Securities Franchise
      JK Securities Franchise SS Corporate Securities Franchise Muthoot Securities Franchise
      Joindre Capital Services Franchise Standard Chartered Securities Franchise Microsec Capital Franchise
      Kalpataru Multiplier Franchise Sumpoorna Portfolio Franchise

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