IDBI Direct Sub Broker / Franchise / Partner Review

IDBI Direct Sub Broker Program is one of the well known stock broking banking franchise in the country. Here in this article, we will do a detailed IDBI Direct Franchise Review along with in-depth analysis of IDBI Direct Sub Brokers Offers, IDBI Direct Revenue Sharing Model & other features of IDBI Direct Business Partner Program.

IDBI Direct is a part of the IDBI Group. IDBI Group entered into broking business in 1993.

The broking business serves equity, currency, commodities, derivatives etc. It has base in more than 24 cities of the country. Let us now look into the franchise model that IDBI offers.

Summary
Top Business Model	Sub Broker
Revenue Sharing	40% to 70%
Security Deposit	Rs.50,000 – Rs.300,000
Become Sub Broker in	31 Days
Receive Payout in	21 Days
Founder	Mr. Rakesh Sharma
Established Year	1993

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IDBI Direct Franchise Customer Ratings

IDBI Direct Franchise
Experience	2.70
Services	2.80
Products	2.90
Trading Platforms	2.70
Support	2.60
Revenue Sharing Model	3.00
Security Deposit	3.00
Offers	2.00
Market Share	1.90
Overall	2.62

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Type of IDBI Direct Franchise

• Business Associate or Sub Broker
• Online Remisier

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

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IDBI Direct Business associate or 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.

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IDBI Direct Online 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 online remisier is linking of new customers with the IDBI Direct network. Thus, an Investment associate does not assist the clients in their trading/investing activities.

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IDBI Direct Sub Broker Commission or Revenue Sharing Model

The revenue sharing ratio for a franchise and sub-broker ranges from 40% to 70%.

This ratio is dependent on various factor just like other companies. However, there is one specific point in here – the ratio is also linked to security deposit that the candidate provides to IDBI direct.

For a remiser the ratio is 50:50 which is inline with the prevalent industry rates.

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Check out Revenue Sharing of other Sub Brokers

Sushil Finance Sub Broker	Kotak Securities Sub Broker	Angel Broking Sub Broker
ICICI Direct Sub Broker	Motilal Oswal Sub Broker	Profitmart Sub Broker
IIFL Sub Broker	Nirmal Bang Sub Broker	Sharekhan Sub Broker

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IDBI Direct Franchise Cost or Security Deposit Amount

For a sub-broker/franchise, the deposit ranges from Rs.50,000 till Rs.300,000.

This depends upon case to case on parameters like the city of the sub-broker, the experience, the client base, the revenue projected etc. For a remmiser, the investment amount is only INR 5000.

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Here are Security Deposit info of other Stock Broking Franchise

SMC Sub Broker	Alice Blue Sub Broker	Axis Direct Sub Broker
5Paisa Sub Broker	Prabhudas Lilladher Sub Broker	Edelweiss Sub Broker
Aditya Birla Money Sub Broker	Asit C Mehta Sub Broker	Geojit Finance Sub Broker

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IDBI Direct Sub Broker Offers

The following are the ongoing offers from IDBI Direct for sub-brokers:

• Flexible business models;
• Flexible brokerage rates
• Low investment cost;
• Cashback on brokerage
• Extended credit period
• Reduced margin money

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Check out other companies Sub Broker Offers

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Indiabulls Ventures Sub Broker	Paytm Money Sub Broker	SAMCO Securities Sub Broker
JM Financial Sub Broker	Anand Rathi Sub Broker	SBICap Securities Sub Broker

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How to become Sub Broker of IDBI Direct?

Registering with IDBI Direct is a plain and simple procedure. The steps are listed below:

1^st Step – Fill in the lead form available here

2^nd Step – Have a telephone call with our Call center representative for verification of details and interest in sub-brokership

3^rd Step – Attend con call with the Sales Executive of IDBI Direct for Appointment confirmation

4^th Step – Attend a meeting with Sales Representative for a detailed discussion

5^th Step – Submit requisite Documents & Initial Investment Cheque

6^th Step – Verification of documents and background check by IDBI Direct

7^th Step – Activation of account

This may take up to 5-10 working days depending upon the case.

Documents Required for IDBI Direct sub-broker registration –

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

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Why Partner with IDBI Direct?

Key highlights of being associated with IDBI Direct are listed below:

• Part of IDBI Group
• Brand organization
• Large clientele
• Product Profile
• Fewer deposits
• Attractive revenue model

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Support provided by IDBI Direct Partner Program

• Training on the trading platforms
• Marketing assistance
• Access to research reports
• Advisory support
• Assists in setting up initial infrastructure
• Customer Support

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Find a detailed review of other Sub Broker Franchise

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Upstox Sub Broker	Swastika Investment Sub Broker	Intime Equities Sub Broker