A sub-broker is an agent of a SEBI-registered stockbroker like Dhan who works for a commission. According to NSE, a sub-broker is someone who doesn’t trade themselves but executes trades on behalf of clients.
Those in the sub-broker business are also known as authorized partners. Think of a sub-broker in the stock market as someone who is tasked with:
Only a stockbroker can charge brokerage fees. That’s why sub-brokers are paid commissions through a profit-sharing model. That’s not all.
Opening a stock broking franchise also gives you access to the broker’s resources like the platform, trading APIs, and more. This can make your job as a sub-broker smooth and efficient.
A sub-broker's main job is to execute buy and sell trades for clients that will drive business for the stockbroker. That’s why a sub-broker is known to act as a bridge between the stockbroker and clients.
In exchange, a sub-broker will receive a commission that’s generally in the form of profit sharing. At the same time, a sub-broker can access the stockbroker’s resources ranging from their stock trading platform to features like APIs.
Becoming a sub-broker has monetary benefits along with ease of access. You get a commission in exchange for bringing new clients to the stockbroker and executing their trades.
Here are the benefits of becoming a sub-broker on Dhan:
Ready to roll? Become a Sub Broker
These are the criteria for opening a sub-broker franchise in India:
You can become a sub-broker on Dhan by filling out this form. As a sub-broker, you'll have access to Dhan's lightning-fast features along with a dedicated dashboard for all clients and trades.