How to become a Sub broker? & What is a Sub Broker Franchise Business?

In this article we will learn about what is a sub broker franchise business & how to become a sub broker. Along with this we will also go through the eligibility criteria to become a sub broker & registration process of sub brokership.

What is a Sub Broker Franchise Business?

Sub Broker FranchiseSub broker is one of the all-time popular and reliable business models. One of the major reasons is that under this model, the sub-broker gets immense support from the main broker and hence the pressure of operating/running a business is split between the main broker and the sub-broker.

In this profession, the sub-broker acts as a branch office or on behalf of the main broker. While the business is built up and set up by the main broker, the sub broker is responsible to strengthen the business in his own jurisdiction or area. While the brand is built up by the main broker, the sub-broker is required to capitalize on this brand and expand the network. In other words, the sub-broker gets a settled business and is required to only expand the same in his jurisdiction.

Though the sub-broker gets a license to expand a well settled business, his returns would depend entirely on his performance.

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Start your own business – Become a Sub Broker

    Become a Sub Broker
    1. Become Sub Broker

    List of all Sub Broker Franchise in India

    Angel Broking FranchiseSharekhan FranchiseKotak Securities Franchise
    ICICI Direct FranchiseIIFL FranchiseSMC Franchise
    Nirmal Bang FranchiseSushil Finance FranchiseProfitmart Franchise
    Prabhudas Lilladher Franchise IDBI Direct FranchiseSwastika Investment Franchise 
    Motilal Oswal FranchiseVentura Securities FranchiseSKI Capital Franchise
    Sykes & Ray FranchiseGeojit Finance FranchiseZerodha Franchise
    Tradebulls Franchise5Paisa FranchiseAasthaTrade Franchise
    Religare Securities FranchiseEdelweiss FranchiseKarvy Franchise
    Arihant Capital FranchiseAlice Blue FranchiseNarnolia Franchise
    Anand Rathi FranchiseIFCI FranchiseJust Trade Franchise
    Choice Broking FranchiseElite Wealth FranchiseAxis Direct Franchise
    SBICAP Securities FranchiseUpstox FranchiseAditya Birla Money Franchise
    Bonanza Portfolio FranchiseWisdom Capital FranchiseLKP Securities Franchise
    Achiievers Equities FranchiseValue Trade FranchiseFYERS Franchise
    Tradeplus Online FranchiseSAMCO Securities FranchiseMonarch Networth Capital Franchise
    Parasram Holdings FranchiseRK Global FranchiseShriram Insight Franchise
    HDFC Securities FranchiseIndiabulls Ventures FranchiseJM Financial Franchise
    Alankit Assignments FranchiseA C Agarwal Share FranchiseReliance Securities Franchise
    Asit C Mehta FranchiseIntegrated Enterprises FranchiseComfort Securities Franchise
    B N Rathi FranchiseJainam Share Consultants FranchiseEureka Securities Franchise
    Coimbatore Capital FranchiseJhaveri Securities FranchiseGlobe Capital Franchise
    FRR Shares FranchiseA G Shares Securities FranchiseNine Star Franchise
    Ganpati Securities FranchiseAasmaa Securities FranchiseNJ Wealth Franchise
    GCL Securities FranchiseAbhipra Capital FranchisePace Stock Franchise
    GEPL Capital FranchiseAcumen Capital FranchisePatel Wealth Franchise
    Gogia Capital FranchiseAdroit Financial FranchisePCS Securities Franchise
    Goldmine Stocks FranchiseAlmondz Global FranchisePeerless Securities Franchise
    Goodwill Wealth FranchiseAmbalal Shares FranchisePhillip Capital Franchise
    Greenbucks Securities FranchiseAnugrah Stock FranchisePrabhat Finance Franchise
    Grovalue Securities FranchiseAnvil Securities FranchisePravin Ratilal Franchise
    Guiness Securities FranchiseArcadia Share FranchisePrudent Broking Franchise
    Hedge Equities FranchiseArch Finance FranchiseQuantum Global Franchise
    HSE Securities FranchiseArham Share FranchiseR Wadiwala Securities Franchise
    India Advantage FranchiseArtha Vrddhi Securities FranchiseRaghunandan Money Franchise
    Indianivesh Securities FranchiseASE Capital FranchiseRatnakar Securities Franchise
    Indira Securities FranchiseAshika Stock FranchiseRk Stockholding Franchise
    Inditrade Capital FranchiseAshlar Securities FranchiseSaaketa Consultants Franchise
    Indus Portfolio FranchiseATS Share Brokers FranchiseSafal Capital Franchise
    Integrated Master FranchiseBansal Finstock FranchiseSATCO Capital Franchise
    Intime Equities FranchiseBasan Equity Broking FranchiseShah Investors Franchise
    Inventure Growth FranchiseBerkeley Securities FranchiseSHCIL Services Franchise
    ISE Securities FranchiseBezel Stock FranchiseShree Bahubali Franchise
    J M Global FranchiseBGSE Financials FranchiseSkung Tradelink Franchise
    JK Securities FranchiseBhansali Value FranchiseSouth Asian Stocks Franchise
    Joindre Capital FranchiseBhumika Consultancy FranchiseSri Shirdi Capital Franchise
    Kalpataru Multiplier FranchiseBMA Wealth Creators FranchiseSS Corporate Franchise
    Kantilal Chhaganlal FranchiseBP Equities FranchiseStandard Chartered Securities Franchise
    Karuna Financial FranchiseC M Goenka FranchiseStewart & Mackertich WMS Franchise
    Kaynet Finance FranchiseCanara Bank Securities FranchiseSumpoorna Portfolio Franchise
    Khandwala Securities FranchiseCD Equisearch FranchiseSunidhi Securities Franchise
    Kifs Trade Capital FranchiseCelebrus Capital FranchiseSunlight Broking Franchise
    K R Choksey FranchiseCholamandalam Securities FranchiseSunness Capital Franchise
    Kunvarji Finstock FranchiseCIL Securities FranchiseSuresh Rathi Securities Franchise
    Lakshmishree Investment FranchiseCompetent Finman FranchiseSystematix Shares Franchise
    LFS Broking FranchiseComposite Investments FranchiseTradejini Financial Franchise
    Maheshwari Financial FranchiseConsortium Securities FranchiseTrustline Securities Franchise
    Mandot Securities FranchiseDBFS Securities FranchiseUnlock Wealth Franchise
    Mangal Keshav FranchiseDealmoney Securities FranchiseVachana Investments Franchise
    Manubhai Mangaldas FranchiseEmkay Global FranchiseVCK Share Franchise
    Marfatia Stock FranchiseEscorts Securities FranchiseVeracity Finance Franchise
    Paytm Money Sub BrokerExclusive Securities FranchiseVertex Securities Franchise
    Mastertrust Capital FranchiseFair Intermediate FranchiseVNS Finance Franchise
    Maverick Share FranchiseFairwealth Securities FranchiseVrise Securities Franchise
    Modex Securities FranchiseFarsight Securities FranchiseWay2Wealth Securities Franchise
    Multiplex Capital FranchiseFast Capital FranchiseWealth Discovery Securities Franchise
    Narayan Securities FranchiseFindoc Investmart FranchiseYes Securities Franchise
    Navia Markets FranchiseFinvasia Securities FranchiseZebu Wealth Franchise
    NG Rathi FranchiseFortune Capital FranchiseZenMoney Franchise
    Zuari Finserv Franchise

    How to become a Sub Broker?

    For a person interested in stock market, this is an enticing profession. To become a sub-broker, one needs to have an understanding and a good background of the stock and financial market. While understanding of the stock market is very important and critical, having an experience is big add on as one gets more offers/opportunities. The logic behind this is that some of the main brokers prefer having an experienced person as their representative sub-broker.

    Thus, to become a sub-broker, understanding and experience of stock market are two vital aspects.

    The other necessary and one of the critical aspects is registration with the stock exchanges. The reason that this is mentioned as one of the critical aspects is that without having this registration, no main broker can appoint a person as a sub-broker and hence it becomes a pre-requisite for becoming a sub-broker.

    While the crucial aspects have been discussed above, some other relevant aspects are the educational qualification, age, a decent market repute, good credentials etc.  The reason for this is that the main broker would not like a person of a bad repute to represent his brand/name. Also, a person with good repute is more likely to have a reliable network and hence grow business rapidly.

    Registration Process to start Sub Broker Franchise

    The potential candidate can fill up a short form available herein which requires the candidate to provide name, number, email ID and the area of interest. This would help us in connecting the potential candidate with the preferable main broker.

    Post analyzing the information shared, we will connect with the potential sub-broker to confirm the interest and details provided. We will also connect with the candidate’s preferred broker and understand their interest and pass on the candidate’s details.

    Thereafter, the candidate and the main broker take the process ahead. Before proceeding to the next step, the main broker conducts a detailed background check of the potential candidate so as to confirm that there are no adverse consequences of making this person a representative of the broking house.

    Typically, after this, a representative of the main broker fixes an appointment with the candidate to understand his interest and expectations from this venture. During this meeting, the main broker also conveys/explains the expectations that the broking house has from the sub-broker.

    During this meeting, other aspects like the product that the sub-broker is interested in, the initial investments, the infrastructure required, the security deposit, approx. revenue expectations, the sales targets, revenue sharing ratio, margin money, credit period, break-even period etc.

    This is the most critical step of the procedure as the main elements of the business are all agreed in this step. This step might have a few rounds of meetings as it involves lot of negotiations as well.

    Documents Required to setup Sub Broker Business

    Upon agreeing to the terms, the sub-broker is required to submit various requisite documents (listed below) to the main-broker. The representative of the main broker verifies these documents and stores copies of the same for own records.

    The documents that one requires would typically include the following:

    • Identity proof;
    • Address proof;
    • Proof of date of birth;
    • Academic qualification certificates – 10th, 12th, graduation and post-graduation (if any) degrees.
    • Registration certificate from stock exchanges
    • Passing certificates of any stock market related exams
    • PAN
    • Aadhar card

    And now comes another important aspect of a sub-broker business i.e. the quantum of investment that one needs to make to become a sub-broker.

    Eligibility Criteria to become a Sub Broker

    Typically, the broking houses expect the sub-brokers to have a decent work space and office wherein one can have reasonable number of workstations and also have appropriate seating arrangements for its staff and for customers. This infrastructure space may be owned, rented or leased by the sub-broker. Either ways, the outflows are to be accounted by the sub-broker itself.

    Apart from this, the sub-brokers are expected to maintain a security deposit the main broker. This deposit is required by the main broker as a cover against the default that the sub-broker or his customers might incur. Also, this deposit is generally refundable in nature and is returned to the sub-broker on termination of the business arrangement.

    With this, the readers would now be educated about the eligibility criteria of a sub-broker, the procedure to become a sub-broker and the capital investment that one needs to make for becoming a sub-broker.

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