How To Become A Sub-Broker?

1. Firstly, you need to open a trading and Demat account with Alice Blue. Check out the complete account opening process here.
2. After opening an account successfully, you need to complete Partner eKYC, which can be done in 2 ways.
   1. Strategic Partner: Should have a social media platform presence with more than 5k,10k, or 15k followers – Free account opening.
   2. Normal Partner: Regular option with a registration fee of ₹1000 + GST.
3. Submit your PAN Card Details and Address Proof.
4. Provide Bank details and GST details (if any).
5. If you opted for Strategic Partner, Submit all your social media links.
6. If you opted for Normal Partner, make the registration fee payment.
7. Your Franchise code will be sent to your Registered Email ID after your application is successfully approved

The above steps were the basics. The complete process will be answered in this article.

Note* The complete article is written keeping in mind the process followed by Alice Blue.

Let’s get started!

Content:

• Who is a Sub-Broker? 
• What are the qualifications to be a Sub-Broker?
• Is there an initial deposit required to be a Sub-Broker?
• What is the profit-sharing of Sub-Brokers?
• Why should one become a Sub-Broker with Alice Blue?
• How to become a Sub-Broker with Alice Blue?
• Quick Summary
• FAQ(Frequently Asked Questions)

Who is a Sub-Broker? 

A sub-broker is an agent of a broker, i.e., he introduces new clients to the broker. A sub-broker gets a certain percentage of profit-sharing from the broker based on the brokerage paid by his clients every month. You can become a sub-broker by obtaining a certificate of registration from the SEBI. It is mandatory for the sub-broker to enter into an agreement with the broker as specified by SEBI. 

Note* If you become a Sub-Broker with Alice Blue, our team will take care of the complete SEBI Registration Process.

Click Here to Get Highest Brokerage Sharing in the Industry and Start Building your Side Income as an Alice Blue Sub-Broker Today! 

Qualifications to become a Sub-Broker?

Anybody who has passed SSLC (10th Standard) can become a Sub-Broker. 

Is there an initial deposit required to be a Sub-Broker?

“No,” there is no initial deposit/advance required to be a sub-broker with Alice Blue. You may start your sub-brokership without a deposit, but a registration charge of ₹1,000 + GST is applicable. 

There’s one more way to register yourself as a sub-broker with Alice Blue completely free. If you are a social media influencer with 5k to 15k followers, then you can be our partner by choosing the Strategic Partner option.

What is the profit-sharing of Alice Blue Sub-Brokers?

Usually, Sub-Brokers in India earn on a percentage-sharing basis. Alice Blue provides a profit-sharing of 100% on the brokerage paid by your client for the first 3 months and then 75% for a lifetime. 

Here’s how it works:

• Sub-Broker introduces a client to the broker.
• The client trades and starts paying brokerage to the broker.
• The brokerage is split between the sub-broker and broker on a percentage basis.

For a much better understanding, let’s take a look at an example: 

Scenario 1 (First 3 Months)

• Mr. Ram Bharose is a sub-broker of Alice Blue India and has a brokerage sharing of 100%.
• He introduces around 100 clients. These clients trade and pay an overall brokerage of ₹50,000 to the broker.
• Then the broker will share ₹ 50,000 (100% of ₹ 50,000) with Mr. Ram Bharose (sub-broker).

Scenario 2 (After 3 months)

• Mr. Ram Bharose is a sub-broker of Alice Blue India and has a brokerage sharing of 75%.
• He introduces around 100 clients. These clients trade and pay an overall brokerage of ₹50,000 to the broker.
• Then the broker will share ₹ 37,500 (75% of ₹ 50,000) with Mr. Ram Bharose (sub-broker).

Why should one become a Sub-Broker with Alice Blue?

Here are some of the benefits of becoming a sub-broker with Alice Blue:

• Industry’s best profit sharing ratio of 100% of generated brokerage is shared with the sub-broker for the first 3 months.
• After 3 months, 75% of generated brokerage is shared for a lifetime with the sub-broker.
• Alice Blue Partner Dashboard will help you track:
  • Lead Status
  • How many people your clients have referred
  • Accounts Opened 
  • Accounts Pending 
  • Accounts Under Process
  • Account Traded
  • Monthly, Quarterly, and Yearly performance reports.
• Marketing and branding support via collaterals, banners, and more.
• Digi link will help you get the clients on board with a single click.
• Training for all the technical platforms for smooth functioning.
• Live webinars and trading courses for clients.
• Complete support via a dedicated relationship manager.

Apart from all the benefits above, you will be eligible for incentives as well. With Alice Blue, you will get four types of incentives:

• Trading Revenue Incentive: As you have already learned, you will get a profit-sharing of 100% on the brokerage paid by your client for the first 3 months and then 75% for a lifetime. 

• Clients Traded Incentive: 
  1. If 1 to 25 clients trade in a month, you will get ₹200 for every traded account. 
  2. If 26-50 clients trade in a month, you will get ₹300 for every traded account. 
  3. If more than 50 clients trade in a month, you will get ₹400 for every traded account. 

(Clients Traded Incentives will be subject to change based on management policy. To know the current policy, call us at 08035215052 or write us at partnersupport@aliceblueindia.com)

• Client Referral Sharing Incentive: You will get 50% lifelong brokerage sharing when your client refers his friend. Let’s understand this with an example:
  1. Assume you have referred Mr. X.
  2. Mr. X now refers Mr. Y to become an Alice Blue Client. 
  3. Mr. Y generates a total brokerage of ₹10,000 in a month. 
  4. You will get 50% of the total revenue, i.e., ₹5,000.
  5. Also, Mr. X will get 10% from the brokerage generated by Mr. Y for life long. 

• Partner Referral Sharing Incentive: If you refer a sub-broker to Alice Blue, you will get a 10% lifelong sharing of the net income generated from the referred sub-broker.

• Mutual Funds Revenue Sharing: For every mutual fund investment by your client, you will get ₹10.

How to become a Sub-Broker with Alice Blue?

Check out the step-by-step process below: 

1. Firstly, you need to open a trading and Demat account with Alice Blue. Check out the complete account opening process here.
2. After opening an account successfully, you need to complete Partner eKYC, which can be done in 2 ways.
   1. Strategic Partner: Should have a social media platform presence with more than 5k,10k, or 15k followers – Free account opening.
   2. Normal Partner: Regular option with a registration fee of ₹1000 + GST.
3. Submit your PAN Card Details and Address Proof.
4. Provide Bank details and GST details (if any).
5. If you opted for Strategic Partner, Submit all your social media links.
6. If you opted for Normal Partner, make the registration fee payment.
7. Your Franchise code will be sent to your Registered Email ID after your application is successfully approved

Click Here to Get Highest Brokerage Sharing in the Industry and Start Building your Side Income as an Alice Blue Sub-Broker Today! 

We hope that you are clear about the topic. But there is more to learn and explore when it comes to the stock market, and hence we bring you the important topics and areas that you should know:

Quick summary

• Sub-Broker is an agent of a broker, which means he introduces new clients to a broker.
• Anybody who has passed class 10 can become a sub-broker.
• There is no advance/deposit required to be a sub-broker with Alice Blue. You may start your Sub-Brokership with a registration charge or ₹ 1000 + GST applicable. 
• Sub-Brokers in India earn on a percentage-sharing basis. Alice blue provides a profit sharing of 100% for the first 3 months and 75% for a Lifetime on brokerage generated by the referred client. 
• There are various benefits of becoming a sub-broker with Alice blue. 
  • Best in the industry for profit sharing ratio of 100% for the first 3 months and 75% for a Lifetime.
  • Alice Blue partner dashboard will help you track the lead status, accounts open, accounts pending, etc. 
  • Marketing and Branding support
  • Digi link, which will help you to get clients on board, etc.

FAQ(Frequently Asked Questions)

Can A Sub-Broker Trade For Himself?

Yes, a sub-broker can trade and invest for himself. He can do so with an individual Demat and Trading account, provided he completes his duties towards his clients and stock broking firm in the first place.