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

IDBI Direct Franchise Offers


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

Compare Sub Broker Franchise

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Type of IDBI Direct Franchise

  • Business Associate or Sub Broker
  • Online Remisier

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

    Become a Sub Broker
    1. Become Sub Broker


    IDBI Direct Business associate or Sub Broker

    IDBI Direct Sub BrokerThis 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 out Revenue Sharing of other Sub Brokers

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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.


    Here are Security Deposit info of other Stock Broking Franchise

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    5Paisa Sub Broker Prabhudas Lilladher Sub Broker Edelweiss Sub Broker
    Aditya Birla Money Sub Broker Asit C Mehta Sub Broker Geojit Finance 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

    Check out other companies Sub Broker Offers

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    JM Financial Sub Broker Anand Rathi Sub Broker SBICap Securities Sub Broker

    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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