Start Sub Broker


Franchise


without Deposit*

Sub Broker Franchise
  • Highest
    Revenue Sharing
  • Upto ₹ 1100 Per Account Incentive*
  • Lifetime
    Income Source

Become a Sub Broker

I agree that I have read & accept the Terms & Conditions

Sub Broker Benefits

Local Relationship Manager Assistance

Local Relationship Manager Assistance

Advanced Software to Manage Business

Advanced Software to Manage Business

Marketing & Sales Support

Marketing & Sales Support

Dedicated WhatsApp & Telegram Channels

Dedicated WhatsApp & Telegram Channels

Training through Webinars & Conferences

Training through Webinars & Conferences

Cutting-edge Trading Platforms (App & Web)

Cutting-edge Trading Platforms (App & Web)

Transparent & Growth-oriented Business Model

Transparent & Growth-oriented Business Model

Become a Choice Sub Broker

Start Sub Broker franchise with a trustworthy partner that can help you to grow up.

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Sell More. Earn More!

Choice has an extensive portfolio of product offerings backed by more than 25 years of experience. Sub Broker have the option to offer the entire range of financial products.

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Equity, Commodity & Currency Broking

Equity, Commodity & Currency Broking

Mutual Funds Distribution

Mutual Funds Distribution

Insurance

Insurance

Retail Loans

Retail Loans

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Why Become a Choice Sub Broker?

As a SEBI Sub Broker, you can be a part of the well-known and respected Choice group. Register with any Stock Exchange (NSE/BSE) and be a Sub Broker in the Stock Market with a reputed brand.

500K+

Clients

54

Local Offices

24K+

Franchises

1500+

Employees

Who is Eligible to Become a Choice Sub Broker?

Anyone who wishes to create a passive source of income.

Individual must be 18+ years of age

Individual must be 18+ years of age

A knack to sell products effortlessly

A knack to sell products effortlessly

A desire to be your own boss

A desire to be your own boss

Become a Sub Broker

Growth is certain when you partner with us.

Sub Broker Franchise Offer

See the per account incentive offer in the below table

Account with minimum Rs. 1,000 Investment & 2 transaction in EQ + 1 SIP in MF Minimum Rs. 500 Account with minimum Rs. 5,000 Investment & 2 transaction in EQ + 1 SIP in MF Minimum Rs. 500 Account with minimum Rs. 25,000 Investment & 2 transaction in EQ + 1 SIP in MF Minimum Rs. 500
Equity Only 200 400 700
MF only 100 100 100
EQ + MF 400 700 1100

How To Become a Sub Broker

A Sub Broker is an individual who works on behalf of a stock broking firm. The primary role of a Sub broker is to serve as a link between a Broker and client. As a Sub broker works closely with a Stockbroker, one of their key responsibilities is to acquire new clients for the brokerage firm.

He/she should assist the clients to invest in shares and manage the client’s portfolio. He/she should manage the queries of the client. A Sub broker earns commission from the transactions done by the clients.

The Securities and Exchange Board of India (SEBI) has made it mandatory for all Sub brokers to receive a Certificate of Registration. Without the certificate, the individual won’t be able to deal in shares and securities with any clients. So a client must ensure that the individual is registered with SEBI as an authorized Sub broker.

What Are The Benefits of Being A Sub Broker?

  • Being a Sub broker can help to gain expertise and knowledge of the financial market. As Sub brokers get access to stock-related information from the stock broking franchise, they can use the knowledge to improve their market knowledge and serve their clients better.
  • Thirdly, an individual can become a Sub broker without making a large amount of investment. Many share broking franchises allow you to start a career as a sub-broker at a small amount of investment, say at a minimum of Rs 10,000.
  • The Sub broker franchise in which you operate as a sub-broker also allows you to offer services other than investment advice and portfolio handling of the clients. Some brokers encourage them to sell mutual funds and loan services to clients.

How Does A Sub Broker Franchise Work?

A Sub broker franchise works under a reputed broking house. The first step involves registering the franchise under SEBI. Once it is legalized, the franchise is responsible for gaining as many clients as possible to earn revenue from the brokerage firm. An excellent client base is a key to higher income for the stockbroker.

The stockbroker is responsible to make sure that the clients acquired by a sub-broker are satisfied with the service and have a profit-bearing portfolio. The share broking franchise must follow all the norms in the agreement and adhere to the revenue sharing policy with the brokerage firm.

It is also important to see that the trades placed by the clients are done at the right prices in the market.

A sub- broking franchise has to give away a percentage share of the income to the brokerage firm. It is like rent that has to be paid to the broker for using their patent name. The amount charged is usually minimum and all the other income can be retained by the Franchise.

How Can You Become A Sub Broker?

To become a sub-broker, an individual is required to:

  1. Choose the best sub-broker franchise model you want to be associated with.
  2. Check the eligibility criteria of the sub broking franchise before applying.
  3. Submit all the documents that are required to become an authorized sub-broker.
  4. The list of documents is quite basic and includes:

    • Address Proof (Any one)
      Aadhaar Card/Voter ID Card/Ration Card/Passport/Electricity Bill/Driving Licence/Telephone Bill/Rent Agreement
    • Qualification Proof (Any one)
      Higher Secondary (12th pass) Certificate/Diploma Certificate + SSC mark sheet/Experience certificate of at least 2 years in the Capital Market (in case the individual does not possess the HSC/SSC/Diploma certificate.
    • Identification Proof (Any one)
      Aadhaar Card/Voter ID Card/PAN Card/Passport/Driving Licence
  5. Along with the submission of documents, you will have to remit processing of Rs 2000 plus GST.
  6. Your documents will be then verified by the stockbroker and forwarded to the stock exchange.
  7. Once your documents are scrutinized by the exchange, you are required to remit the SEBI registration fees to the stock broker.
  8. After the receipt of the SEBI registration fees, you will receive sub-broker registration certification and a registration number from SEBI.
  9. You are now an authorized sub-broker.

Who Can Become a Sub Broker?

To become a Sub broker, an individual has to meet the following criteria listed by the Indian stock exchange. Eligibility Criteria To Become A Sub broker

Eligibility Criteria To Become A Sub broker

  • The age of an individual must be 18 years or above.
  • The individual must possess a Higher Secondary (12th pass) certificate.
  • The individual must possess a SEBI authorized registration form.
  • In case an applicant does not have the required proof of qualification then he/she needs to provide an experience certificate of at least 2 years in the Capital Market.

Why Become A Sub Broker With Choice?

You should become a Sub broker with Choice to enjoy lucrative perks and benefits. These includes:

  • No Registration Charges
  • No Deposit amount
  • Up to 75% Revenue sharing
  • Highest Account opening incentive
  • Expert Research advisory
  • Lifetime Earning opportunity