ICICI Direct Sub Broker / Franchise / Partner Review

ICICI Direct Sub Broker program was launched in 2003 and they introduced Remisier program in 2012. It serves Tier 1 as well as Tier 2 cities with a total of more than 1050 offices as recorded in the year 2017.

To know more about the business models offered, the cost involved, the potential revenue offered and other relevant details, one can read the following article.

In this Article we will discuss in detail about ICICI Direct Franchise Review & dig deep in ICICI Direct Sub Broker offers, ICICI Direct Franchise commission models, ICICI Direct Partner Initial Investment & other important features.

Summary
Top Business Model Sub Broker
Revenue Sharing 50% – 75%
Security Deposit Rs.75,000 – Rs.200,000
Become Sub Broker in 14 Days
Receive Payout in 30 Days
Founder M K Sharma
Established Year 1994

ICICI Direct Franchise Offers


ICICI Direct Franchise Customer Ratings

ICICI Direct Franchise
Experience 3.50
Services 4.00
Products 4.00
Trading Platforms 3.60
Support 3.50
Revenue Sharing Model 3.00
Security Deposit 2.50
Offers 2.50
Market Share 2.50
Overall 3.23

Compare Sub Broker Franchise

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Type of ICICI Direct Franchise

  • Sub Broker
  • Investment Associate or Remisier

Become a Sub Broker with ICICI Direct – Just Fill up the form

    Become a Sub Broker
    1. Become Sub Broker


    ICICI Direct Sub Broker

    This kind of partnership is offered to only an experienced candidate who has worked and served clients in financial market. Herein, the sub-brokers is required to enlarge the clientele and also serve the existing client base by assisting them in their trading/investing activities.

    The sub-broker can deal in all the asset classes ranging from equity to derivatives, currency, commodities, IPOs, mutual funds etc.

    ICICI Investment associate or Remisier

    This model is offered to the new-comers/freshers. It does not call for any specific experience in the relevant field. What is expected from an investment associate is linking of new customers with the ICICI Direct network. Thus, an Investment associate does not assist the clients in their trading/investing activities.


    ICICI Direct Sub Broker Commission or Revenue Sharing Model

    ICICI Direct Sub BrokerJust like the other industry players, this broking house also offers a variable revenue sharing ratio which is further negotiable from case to case.

    Typically, at ICICI Direct, the revenue sharing ratio would be determined on the basis of business generated by the sub-broker. However, there are other secondary parameters as well like leads brought in, infrastructure investment, the experience/potential/skill set of candidate and deposit made.

    Generally the ratio would range from 30% to 75%. However, this does not represent the minimum and maximum ratio, rather the average ratio. For an investment associate, this may range from 30%. The Sub Broker gets 50% – 75% sharing.


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    ICICI Direct Franchise Cost or Security Deposit Amount

    For an investment associate, the cost would range from INR 7000 to INR 20,000 which is towards the registration fee. This is the only amount that a candidate needs to deposit i.e. no other deposit or investment is expected unlike in case of a sub-broker.

    For a sub-broker, ICICI Direct expects maintaining a front office with internet connectivity to serve the clients. In certain cases, it may also call for certain security deposit wherein it identifies a threat of default. The sub broker required to invest minimum of Rs.75,000 & maximum of Rs.200,000.


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    ICICI Direct Sub Broker Offers

    ICICI Direct, to promote its business relations, provides certain handsome offers. Some of these are:

    • Low investment cost;
    • Agreeing to a break-even period;
    • Varied business models;
    • Negotiable revenue sharing model;
    • Free of cost training;
    • Free of cost DEMAT account to clients;
    • Flexibility brokerage plans;

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    How to become Sub Broker of ICICI Direct?

    Enrollment as a sub-broker is a piece of cake if one fulfils the eligibility criteria set by ICICI Direct and is able to verify the requsite details. The steps are provided below:

    1st Step – Provide the requisite details in the lead form available here

    2nd Step – Await call from Call centre representative for verification of details and interest in sub-brokership

    3rd Step – Await a call from the Sales executive of ICICI Direct for Appointment confirmation

    4th Step – Face to face meet with Sales Representative for detailed discussion

    5th Step – Furnish the requisite Documents & Initial Investment Cheque

    6th Step – Verification of documents by ICICI Direct

    7th Step – Activation of account

    This may take up 2-4 working days depending upon the movement of parties.

    Documents Required for ICICI Direct sub-broker registration –

    • ID Proof
    • DOB proof
    • Address proof
    • Academic Certificate
    • Cancelled cheque or Bank statement
    • Registration certificate with SEBI/Stock exchnage
    • Passport size photos
    • Infrastructure proof
    • PAN Card
    • Aadhaar Card

    Why Partner with ICICI Direct?

    The advantage of being associated with ICICI Direct are listed below on an illustrative basis:

    • Brand organization
    • Large clientele
    • Part of trusted group
    • Trading across all asset classes
    • Attractive revenue model
    • No heavy initial investment
    • Brokerage cashback
    • Allows interaction of sub-brokers helping others to leverage on experience of others
    • High exposure or limit to clients

    Support provided by ICICI Direct Partner Program

    • Provides assistance in acquiring clients;
    • Trains in marketing of products;
    • Trains in using the Trading software and other platforms
    • Assists in setting up initial infrastructure
    • Customer Support
    • Provides advisory support

    Become a Sub Broker with ICICI Direct – Just Fill up the form

      Become a Sub Broker
      1. Become Sub Broker


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      List of Top ICICI Direct Partners / Business Partners

      Company List Remisiers Name Trade Name Remisiers Registration No.
      ICICI Direct SUNIL RAMESHCHANDRA PANDYA SUNIL RAMESHCHANDRA PANDYA AP0101030102420
      ICICI Direct EKBAL HUSSAIN SHEIKH DREAMWAY SECURITIES AP0101030101395
      ICICI Direct PAPIYA SAMAI CITI SECURITIES AND SERVICES AP0101030101969
      ICICI Direct FAIYAZ G M SHAIKH ALERT FINANCIAL CONSULTANCY AP0101030101511
      ICICI Direct ANURAG JAIN IGAIN FORTUNE AP0101030101785
      ICICI Direct HEMANT KUMAR HEMANT KUMAR AP0101030101835
      ICICI Direct SANGRAM SINGH SHIV SHANKAR ENTERPRISES AP0101030101410
      ICICI Direct S R S TRADERS THANNERU RAVIKUMAR AP0101030101444
      ICICI Direct SHIREESH MOHAN SOWANI YUKTA SECURITIES AP0101030101769
      ICICI Direct RAFIKUR RAHAMAN RAFIKUR RAHAMAN AP0101030101788
      ICICI Direct SARITA S AGARWAL AGARWAL SECURITIES AP0101030101786
      ICICI Direct AMAR MAGGO AMOR CORPORATION AP0101030101787
      ICICI Direct GARIMA AGARWAL HARE KRISHNA INVESTMENTS AP0101030101791
      ICICI Direct MALLIKARJUN BASAVARAJ SINNUR MALLIKARJUN BASAVARAJ SINNUR AP0101030101991
      ICICI Direct PRASHANT S HEGDE PRASHANT S HEGDE AP0101030101990
      ICICI Direct JIGYASA KAUSHIK VANSH CAPITAL AP0101030102194
      ICICI Direct SHANU AGARWAL INSOL AP0101030102899
      ICICI Direct KETAN BHANUBHAI JASANI KETAN BHANUBHAI JASANI AP0101030102108
      ICICI Direct MADHUSMITA MAHALI PRACHI SECURITIES AP0101030102227
      ICICI Direct NIPIN MEHTA WEALTHPLUS INVESTMENTS AP0101030102090
      ICICI Direct AMEY SAXENA AND RATUL LAHIRI PLATINUMONE WEALTH ADVISORS PVT. LTD. AP0101030102229
      ICICI Direct CHANAKYA BRAHMA BRABAS SHARE TRADING AND INVESTMENT CENTRE AP0101030102224
      ICICI Direct KALPAJIT SINGH SINGHCO INDIA INVESTMENT SECURITIES AP0101030102456
      ICICI Direct KHWAJA ZEESHAN HAIDER INVESTMENTS AP0101030102557
      ICICI Direct PUNIT M DESAI PAN ENTERPRISES AP0101030102554
      ICICI Direct GOVARDHAN PERLA SHETTY GOVARDHAN PERLA SHETTY AP0101030102546
      ICICI Direct NALINI NARENDRA PANDYA BALAJIDEV CONSULTANCY AP0101030102756
      ICICI Direct PARBHAT MARWAHA MARWAHA INSURANCE AP0101030103225
      ICICI Direct HEMANT SHARMA FUTURE INVESTMENT SOLUTIONS AP0101030102977
      ICICI Direct GIRISH GOPAL GIRISH GOPAL AP0101030102895
      ICICI Direct ANJU GARG GARG TAX CONSULTANTS AP0101030103179
      ICICI Direct JAYARAM E JAYARAM E AP0101030103168
      ICICI Direct ASHOK KUMAR PARICHA ASHOK FINANCIAL SERVICES AP0101030103264
      ICICI Direct DULI CHAND GARG GARG ASSOCIATES AP0101030103330
      ICICI Direct DURGA SHANKER SHARMA SHARMA ASSOCIATES AP0101030103394
      ICICI Direct DEEPIKA RASTOGI JAISHREE INVESTMENT AP0101030103464
      ICICI Direct PANKAJ TIWARI TIWARI TRADERS AP0101030103550
      ICICI Direct SANJAY MEHTA SANJAY MEHTA FINANCIAL SERVICES AP0101030103576
      ICICI Direct J C N SWAMY AND C R BYRAREDDY BULLS INVESTMENTS ENTERPRISES AP0101030103746
      ICICI Direct RENU BHATT AARBEE FINANCIAL AP0101030103829
      ICICI Direct RASHMI SINGH GANVO INVESTMENTS AP0101030104105
      ICICI Direct MANOJ ASOK KUMAR MANOJ ASOK KUMAR AP0101030103796
      ICICI Direct BHUDEEP PRASAD SETHI GLOBAL SECURITIES FINANCIAL SERVICES AP0101030104074
      ICICI Direct VISHAL NAHATA NAHATA FINANCIAL SERVICES AP0101030104120
      ICICI Direct PRASHANT AUDICHYA ADVANTAGE SECURITIES AP0101030104047
      ICICI Direct KRISHNA PRASAD ARGUS FINANCIAL SERVICES AP0101030104732
      ICICI Direct BABOO LAL SWARNKAR BABOO LAL SWARNKAR AP0101030105220
      ICICI Direct GANESAN MURALIDHARAN GSM FINANCIAL SERVICES AP0101030106230