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:
IDBI Direct Franchise Customer Ratings
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Type of IDBI Direct Franchise
- Business Associate or Sub Broker
- Online Remisier
- Master Franchise
Become a Sub Broker with IDBI Direct – Just Fill up the form
IDBI Direct Business associate
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.
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.
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.
Check Revenue Sharing Models of other Stock Broking Franchise:
|Sharekhan Sub Broker||Motilal Oswal Sub Broker||Angel Broking Sub Broker|
|SMC Sub Broker||Profitmart Sub Broker||Prabhudas Lilladher Sub Broker|
IDBI Direct Franchise Cost or Security Deposit Amount
For a sub-broker/franchise, the deposit ranges from 50,000 till 3 lacs. 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.
Check Security Deposit requirement of other Sub Broker Franchise:
|Kotak Securities Sub Broker||Sushil Finance Sub Broker||ICICI Direct Sub Broker|
|IIFL Sub Broker||Nirmal Bang Sub Broker||Swastika Investment Sub Broker|
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
How to become Sub Broker of IDBI Direct?
Registering with IDBI Direct is a plain and simple procedure. The steps are listed below:
1st Step – Fill in the lead form available here
2nd Step – Have a telephone call with our Call centre representative for verification of details and interest in sub-brokership
3rd Step – Attend con call with Sales executive of IDBI Direct for Appointment confirmation
4th Step – Attend a meeting with Sales Representative for detailed discussion
5th Step – Submit requisite Documents & Initial Investment Cheque
6th Step – Verification of documents and background check by IDBI Direct
7th Step – Activation of account
This may take up 5-10 working days depending upon case to case.
Documents Required for IDBI 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 IDBI Direct?
Key highlights of being associated with IDBI Direct are listed below:
- Part of IDBI Group
- Brand organization
- Large clientele
- Product profile
- Less deposits
- Attractive revenue model
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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