Angel Broking Sub Broker is one of the known and popular stockbroking agencies. It is a name with which every stock trader is familiar. The organization has been running its operations since 1996, making it a veteran.
With so much experience, they have successfully opened over 11,000 sub-broker ecosystems. With their track record of consistently good services and best client service, even their sub-brokers are trained to work in the best interest of their clients.
Let’s explore the services and requirements that fall under the agency in more detail if you want to tie up with them as a sub-broker.
About Angel Broking Franchise
Angel Broking is a full-service stockbroker that can run multiple franchises without requiring a large investment from their sub-brokers.
The stockbroker provides multiple products like mutual funds, derivatives, currency, commodities, and good-old equity trading.
It also covers a vast area in India. Its branches are spread across more than 150 cities, making it easier for any interested party to partner up with the organization easily.
Some of the best features of the Angel Broking Sub Broker are:
- The partners will constantly be in touch with the organization’s back office and receive regular support.
- Get access to user-friendly and fully automated trading platforms supported on mobile devices and desktops.
- Receive recommendations and research reports from the back office, which can be shared with premium clients.
Types of Business Models
There are two types of business partnerships available with Angel Broking:
Angel Broking Sub Broker
The sub-brokers under this partnership enjoy all the technology Angel Broking provides to its clients. Even the organization will share all the leads they have with their sub-brokers.
Thus, they will have easy access to many premium clients.
However, to be part of this ecosystem, the sub-broker must be SEBI registered and affiliated with a recognized stock exchange such as BSE or NSE.
Another Brokerage Firm having one of the Franchise programs is Choice Broking Sub Broker.
Angel Broking Master Franchise
The benefit of operating a master franchise is that no other stockbroker franchise will run in the area where you will accept clients.
Thus, this gives the partner complete control over the operating region and can monopolize the profits.
Unlike the sub-broker business model, in the master franchise, you, as a partner, will operate from the direct branch.
Angel Broking Remisier
A remisier is similar to an agent. Thus, they work on behalf of the stockbroker to get clients to open Demat accounts and begin their trading journey with Angel Broking.
Usually, a remisier needs to make a certain investment to start operating under the organization’s name.
Revenue Sharing
For revenue sharing, the stockbroker will provide a specific percentage of the brokerage generated in total. So, let’s check out both the commission and the sub-broker commission share.
Partnership | Commission | Revenue sharing |
Sub Broker | 50%-30% | 50%-70% |
Master Franchise | 30%-20% | 70%-80% |
Remisier | 80%-70% | 20%-30% |
Sub-Brokers: Sub-brokers generate a commission of 50-30% as brokerage from clients and can retain 50-70% of the same.
Master Franchise: For master franchise, the brokerage s 30-20%, and the revenue sharing ratio ranges between 70% and 80%.
Remisier: As for remisier, the commission is 80-70%, and the revenue is 20-30%.
Investment
Angel broking is a well-established organization. Therefore, its partners must maintain at least a minimum infrastructure to keep up with the client services.
One of the substantial investments required is the security deposit. This deposit is kept as a contingency in case of the broker defaults in any way, and the security deposit will be used to rectify the errors.
Partnership | Security Deposit |
Sub Broker | Rs.50,000-100,000 |
Master Franchise | Rs.100,000-300,000 |
Remisier | Rs.10,000-25,000 |
Apart from this, the partner will have to invest in upholding a decent workspace, internet connectivity, telephone line, and few staff members.
Conclusion
Becoming a sub-broker with Angel Broking is filled with multiple growth opportunities as a stock broker.
The requirements are simple, and the registration process is also quite straightforward. All in all, it takes 2–5 business days to complete the procedure and begin providing client services.
