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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.Start Now
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.
Anyone who wishes to create a passive source of income.
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|
|EQ + MF||400||700||1100|
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.
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.
To become a sub-broker, an individual is required to:
The list of documents is quite basic and includes:
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
You should become a Sub broker with Choice to enjoy lucrative perks and benefits. These includes: