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Upstox Franchise or Upstox Partner program is a large player in the sub-broker franchise business.

In today’s review, we will discuss the benefits of becoming a Sub Broker with Upstox, its service offerings, Revenue sharing, Upstox franchise cost & more.

This stockbroker, Upstox, earlier known as RSKV, is one of the largest players in the Stock Broking Industry.

Upstox Partner / Sub Broker / Franchise / Authorised Person Review

Table of Contents

Upstox Partner Ratings & Review by Top10StockBroker

Upstox Partner Program Ratings
Criteria Ratings
Experience 8.2/10
Market Share 8.4/10
Products & Services 8.5/10
Revenue Sharing 8.9/10
Holistic Support 8.7/10
Overall Ratings 8.9/10
Star Ratings ★★★★

About Upstox Franchise or Partner Program

Three young entrepreneurs started Upstox in 2011 – Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath with the motive “We have an Idea” Let’s see if there’s a way to make trading easier and cheaper.

upstox franchiseThey started this organization with a vision to become one of the country’s top financial services companies. In the last ten years, the company has achieved many milestones.

Then in May 2016, they finally launched their Trading platform Upstox Pro, a very efficient and powerful mobile trading platform.

Upstox has a variety of products to offer its clients and have them trade seamlessly. It offers all trading segments, namely Equities, Commodities, Forex, Currency, IPOs, and Mutual Funds.

Today, Upstox Partner Program is one the largest in the country. Explore more about the Best Sub Brokers available in the market to serve you proficiently.

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    Types of Upstox Franchise

    Upstox Broking works only one Franchise model i.e

    • Partner Model

    Upstox Sub Broker or Upstox Partner

    Anyone with basic knowledge about the Stock Broking Industry and the zeal to make it big can enrol with Upstox as a Partner.

    They have many people like Educators, Youtubers, Social Influencers, Techies, etc., who are already a part of their team of Business Partners.

    A Sub Broker or Business Partner with Upstox must first enrol as a trader and start trading with Upstox. You get per-trade Commission, and fixed income on every account opened under your partner code.

    The more one trades, the higher the revenue. Moreover, this business is network marketing. Not just his trade, but the Upstox partner benefits from all those individuals who are trading under his network and team.

    Hence he needs to refer a maximum number of people to join Upstox and start trading. He would get 30%-50% of the brokerage every time one of his references trades through Upstox.

    This means that, over a while, even if he stops trading, he would still get a handsome profit if his customers registered under his Sub brokership are trading.

    This is a recurring business model, which is a lifelong income, and the more customers you add to your chain every month and every year, the better the returns would be.

    Benefits of Upstox Authorized Partner

    Find the benefits of the upstox sub-broker program:

    • Backing by some of the Industry Experts like Ratan Tata, GVK Davis, and Kalaari Capital makes them a strong entity despite being new.
    • Strong Technology focus has led to many innovations and benchmark achievements in their history.
    • Marketing Support provided by the Upstox team helps set up your business.
    • Strong research and analytics capability to look at market fluctuations and predict profitable solutions
    • Low initial investment demand

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    Upstox Partner Revenue Sharing Model & Commission

    Although Upstox is new in this industry, it is one of the upcoming market leaders due to its adaptability and quick grasp of industry standards.

    They recognize the importance of a partner in their business and have developed a unique brokerage and business-sharing model.

    In the Partner model with Upstox, a Partner would earn not only once, but every time his referrals trade under his network trades.

    The revenue sharing is fixed by upstox during the agreement process with the partner, but the agreement & revenue sharing can change based on the partner’s performance.

    The Partner also gets Rs.300 to Rs.1000 per account opening. This offer keeps on changing every month. He just needs to focus on adding to his network, and this revenue-sharing model would work wonders for him.

    Every time a person from his network trades through Upstox, he would get 30%-50% of the total brokerage in his account.

    The typical Business model yields around 30%-50% of sharing proportion depending upon the Sub Broker’s quantum of business delivered.

    And it’s very easy to track all the clients and their trading patterns; their advanced trading platforms and portfolio tracker helps to do so easily.

    Check the below table for a better understanding of the Upstox Partner Commission Model –

    Upstox Commission Partner Commission
    Partner Program 50% – 70% 50% – 30%

    Upstox Partner Program Fees or Cost

    Now Upstox Sub Broker or Authorized Person wants to allow one and all to be able to enrol and partner with them without having a security deposit as a barrier.

    And hence they have kept their Initial registration amount as low as Rs.3000.

    Moreover, this is not a Security deposit – out of this 3000, Rs.2200 goes towards SEBI registration, which is a mandate, and the remaining Rs.800, is towards handling fees and other charges.

    This is by far the lowest-ever security deposit a Broker can charge.

    The concept is to onboard many young people full of entrepreneurial zest who get lagged due to such heavy deposit amounts; hence, Upstox wanted to open avenues for such budding business people.

    The below table gives a better perspective of Upstox Franchise costs:

    Upstox Partner Program Fees

    Infrastructure Investment by Upstox Sub Brokers / Authorized Person

    Just like Upstox does not have any minimum Security deposit amount mandate; likewise, it also does not insist on great office space in a five-star locality.

    Their basic need is to fulfil the customer’s expectations; whether you do it in a 10X10 office or a 2000 sq ft large organization, it is absolutely up to the Business Partner and no obligation by the company.

    Their rules are very simple; a simple office with basic amenities like a Wifi connection, some Landline connections, a trading terminal and minimum staff deployed who are required to help grow the business.

    Upstox Broking Franchise Offers

    So, Upstox values the hard work put in by the Sub brokers in cultivating their business and hence has some fantastic offers for them as well:

    • This Partner model is the biggest benefit one can have with Upstox, as that ensures you a lifelong recurring income irrespective of whether you are trading or not.
    • Upstox’s advanced trading platforms – the Upstox Pro Mobile, Pro Web, and Dartstock Trading Platforms are well-thought-out and user-friendly tools that enable seamless trade and everything accessible by clicking a button.
    • Upstox partner dashboard & its app also greatly assist the Sub Broker as it manages his entire customer base and their transaction status in a very organized manner. This Dashboard does all the transactions for the partner, from adding referrals to managing their trade history, keeping track of earnings, and calculating the brokerage for each trade.
    • The Sub brokers also get a lot of Support online and offline from the Upstox Support team to strengthen their business.

    Upstox Franchise Eligibility Criteria

    There is no prerequisite mandate for joining the Upstox team. One can join as a Sub Broker even if he a novice but wants to earn money through this channel.

    Anyone with a passion for growing and some business acumen with a basic understanding of the stockbroking industry can join the Upstox team as a Business Partner, start trading, and get others to join and build his network.

    Many amateurs join the Upstox team and eventually make it big due to their attitude and growing ability.

    A Youtuber can create awareness by making some videos of the trading platforms and getting his followers to enrol with him.

    A teacher or educator in the stock broking domain can teach people about the benefits of trading and add them to his network.

    An existing Insurance Advisor can top up his insurance business by adding this to his portfolio, adding to his basket of offerings to his clients.

    Likewise, a Social Media influencer can capitalize on his follower base and get them to join the Upstox team and trade. All you need to do before joining Upstox is get your SEBI registration done, and then you can start anytime.

    Upstox Sub Broker Support / Advisory

    For building and running the business of the partners, Upstox provides multiple supports. From a relationship manager who helps the partners in their client acquisition to client interaction training support.

    Then Upstox also provides marketing support to the partners to help them create a market for their services.

    Apart from these, Upstox also helps the partners gain the utmost knowledge about the products they sell to the clients by providing training and operation manuals.

    Business management software is also for managing all clients’ details, which is provided back-office Support to the partners. Being a discount broker, Upstox provides many support services to partners that rarely other discount brokers provide.

    How to Become the Upstox Partner or Sub Broker?

    Just like there is no Getting started with Upstox is a fairly simple task:

    Register your details online with Upstox as a Sub Broker or a Business Partner. You would need to mention your name, contact details, age, occupation, and location as well

    The second step is the most critical one. You need to present a business plan on how to plan to start and grow your business, how you would get more and more referrals added to your team, what is your long-term goal, etc.

    If Team Upstox is impressed with your business plan, you get the entry ticket, and your id is created for the trading tools and the Dashboard. You can start immediately after that.

    The entire process takes around 7-10 days in totality and then login.

    Documents required to become Upstox Partner

    Here are some basic documents required to register as a Sub Broker or Authorized Partner with Upstox:

    • Identity Proof: you can submit the Pan Card Passport Voter ID, or Adhaar card
    • Proof of Age: Passport or Pan Card or 10th Certificate
    • Address Proof: Adhaar Card, Passport, Voter ID, Driving License, or any utility bill
    • Bank account details
    • Passport size photographs

    Why Partner with Upstox?

    There are many benefits of the Upstox Partner Program or Upstox Sub Broker Model:

    • Although they are very new in this industry & still they have been able to achieve great success in very less time; which proves that they are serious business professionals, and with them, your money can be safe and secure
    • Their flexible plans attract new startups, like no security deposit, no mandate on Infrastructure stringencies, flexible brokerage plans, and the referral scheme, which is the most interesting and profit-making.
    • Easy signup and joining process make upstox partner registration an added advantage.
    • Trading tools that add to the trading convenience are also critical to their association with them.
    • Upstox Partner Dashboard App and analytics tools, which store all customer transactions and formulate them into trading history, maintain a track record of clients and analyze your monthly earnings, is also a very handy tool.
    • The Team Upstox, from training to marketing and assistance in stabilizing the business, also renders a lot of Support.

    Upstox Franchise – Pros & Cons


    • You can start your business with Upstox with a very low and short-term investment. They have very low initial investment requirement
    • The process of onboarding partners at Upstox is pretty simple and hassle-free
    • You can general great revenues and also build a source of regular earnings
    • There are very minimal operational activities when you partner with Upstox


    • They offer only one business model
    • Revenue sharing is not high

    Upstox Franchise Registration

    The process of registering yourself with Upstox as a partner is here –

    • Firstly, you have to fill out this form.
    • Enter your details and submit the form
    • Then you will receive a call from the Upstox executive, who will verify your interest in joining Upstox as a partner.
    • Then if they are satisfied, you will have a call with the sales representatives at Upstox, who will explain everything about the partnership – work that you would be doing- products and services you would be selling- revenue share, and other details. You can ask any query you have to clarify all your doubts.
    • Then you will be asked to submit the required documents – PAN, AADHAAR, Bank details, SEBI/NISM certificates, and others.
    • The Upstox team will verify the documents, and once they approve your application, your account will be opened, and the Partner Account ID will be shared with you via your registered email id.

    Earning the potential of a Upstox Partner / ROI

    There is two way a partner can earn at Upstox. When they refer someone to the broker, they get an incentive known as an Account Opening Incentive.

    The other means of earning is the revenue share. Upstox shares 10% to 30% of the revenue generated by the client you referred. Suppose you referred a client, and he opened an account with Upstox for investment.

    Here you receive an incentive for the account opening. Now, let’s say he paid a brokerage of Rs. 500000 in June 2022. Then you will receive 10% to 30% of Rs. 500000 as a share of the revenue.

    Moreover, this is a recurring income for you, as long as the client stays with the brokerage house.

    So, if he trades with Upstox, revenue will be generated, and the same will be shared with you monthly. On average, partners of Upstox earn more than Rs. 1 lakh per month and more depending on their client acquisition.

    Upstox Franchise Referral Program

    Anyone who trades at Upstox, financial enthusiasts, internet influencers, or anyone with the network and the convincing power can join the Upstox referral program.

    This program is simple; the referral partner will only have to get clients to the brokerage house.

    They do not have to provide any services like sub-brokers or franchise holders. The referral partners earn incentives for every referral.

    Brokerage Charges were levied on the clients of Upstox Partners

    Upstox partners do not have to pitch or convince prospective clients much about the services of Upstox. Do you know why? This is because of the exceptionally low brokerage charges that this broker levies.

    It charges a flat fee of Rs. 20 per order irrespective of the trading volume, which is supremely beneficial for investors, traders, and especially the active clientele who trades in bulk daily.

    There are no account opening or maintenance charges and no commission on the trades.

    Upstox Authorised Person – Products Offered

    By partnering with Upstox, you can offer your clients multiple investment vehicles and products. Upstox offers equities, IPOs, currencies, commodities, futures, options, and mutual funds.

    So, whether prospective clients want to trade or invest, they will get all types of products with Upstox.

    Upstox Authorized Person Testimonials

    Sikha Agarwal

    Upstox has not only provided me with a source of income for my living, but it has also bettered my skills and understanding of financial products.

    My partnership with Upstox has been fruitful, where I got immense support from the team, and with their services, like management software, I can track all my earnings and clients’ revenue without any hassle.

    Umesh Singh

    I started my journey With Upstox five years back, and now, with immense Support from the Upstox team, I am running a full-fledged sub-brokerage firm of Upstox with hundreds of clients.

    Upstox stood by me at every step of learning about the products and trained me for client pitching, acquisition, and much more.

    Amit Das

    Upstox came to be a blessing in disguise. I was a stock market enthusiast who ran a successful blog to spread financial knowledge. When I came across the Upstox referral program, I knew it was for me, and joining it was easy.

    Now, I help my readers trade and invest with one of the most advanced brokerage houses – Upstox, at the most reasonable pricing possible.   

    Upstox Franchise Conclusion

    To conclude, we can say that Upstox, a discount brokerage house, offers great services and products for the partners to flourish their business.

    Partnering with Upstox means building an earning source and gaining knowledge and skills about this market.

    Upstox Sub Broker or Partner Program FAQs

    Here are the FAQs on Upstox Franchise Models:

    What is the minimum initial deposit required to join Upstox Sub Broker?

    The minimum investment that one has to make is Rs 3000, wherein Rs 2200 is taken towards SEBI registration and the rest Rs 800 towards handling fees.

    How much brokerage share does the Sub Broker earn from each client?

    The Sub Broker gets 30%-50% of the total brokerage generated when their referral trades through Upstox.

    What are the different trading tools with Upstox?

    Upstox Pro Mobile, Upstox Pro Web, and Dartstock Training platform are the three trading tools.

    What is the launch year of Upstox?

    Upstox started its operations in the year 2012.

    Does Upstox have Sub Broker Model?

    The broker has only one franchise model – Upstox Authorised Partner.

    This model can also be referred to as the partner model since the remisier here is imposed with the responsibility of networking marketing.

    However, since Upstox is a discount broker, its working pattern is not similar to full-service brokers.

    Does Upstox have multiple Franchise models?

    No, Upstox does not provide multiple models for the franchise and only provides one model, i.e., the Remisier model.

    This model is exclusive to all the clients of the company, who get the opportunity to create additional income via references made. This income is not fixed and ranges as per the network created.

    What is Upstox Sub Broker Commission?

    Upstox partner commission is fair, which aligns with the limited responsibilities they have for this broker.

    The designated commission is 30% – 50%. As a result, the franchisor will take 70% – 50% as part of the royalty.

    How much does Upstox Franchise Cost?

    If you wish to avail of the only provided model from Upstox, i.e., of the remisier, also referred to as the sub-broker, you have to pay Rs.3000 for the same.

    This small amount of investment will help you get your business started and earn returns in a proportion between 10% – 30%.

    Does Upstox have a Partner Program?

    Yes, Upstox is a line of discount brokers with no physical presence. As a matter of which, they do not require setting up sub-units. So, the only model that Upstox provides is the Partner program.

    What is Upstox Partners Sharing?

    If you consider going for the only provided franchise model of Upstox, you need to invest Rs.3000.

    Following the ownership of the franchise model, you will be able to earn 30% – 50% of the business that you undertake.

    Is the Upstox Partner Program Free?

    No, availing of the partner program is not free of cost. However, the investment required is quite tiny.

    Only an amount of Rs.3000 will fetch you the franchise model of the Partner program, following which you can get started with your business and soon enough earn proportionate returns.

    Does Upstox Affiliate Program provide Training Assistance?

    If you opt for the Upstox Affiliate program, you will be provided with proportionate help regarding the products and customer acquisitions.

    The brand will lend you the help you need to learn about the products and services they provide and earn more clients.

    How to Become Upstox Sub Broker?

    If you want to work for Upstox, you can begin right from this page by clicking “Become Sub Broker.”

    When you see a pop-up form, fill up the details as asked and cooperate with the executive who gets in touch with you. They will discuss everything with you before drafting the franchise agreement.

    Does Upstox Franchise provide Support?

    Yes, Support in the arena of marketing and assistance in stabilizing the business is also provided by the company.

    This will help set up your business, making it easy for you to earn profitable returns from the business venture.

    What is the Upstox franchise?

    Upstox is a stock brokerage house – a discount broker whose franchise can be taken to provide the products and services the brokerage house provides.

    As a franchise of Upstox, the franchisee will get new clients to the broker and assist them in trading and investing against the share of revenue they are entitled to receive.

    How do I become a Upstox business partner?

    To become a Upstox business partner, you must apply for the same by filling out this form. Then you will have to convince the broker of your business plan.

    If they are convinced of your interest in the business and your business plan, you will get the Partner account Id and access to the Dashboard and start acquiring clients and starting a business.

    How do I get a Upstox agency?

    To get a Upstox agency, you will have to apply to become a partner of Upstox.

    It would help if you had a solid business plan of how you will acquire clients, product selling strategy, and knowledge.

    If everything falls into place and Upstox gets convinced to have you as their agency partner, you can have their agency.

    Which stock broker is best for the franchise?

    Upstox is one of the brokerage houses at present to take franchise of. It has a very cheap brokerage plan which attracts active clients. Then it offers high-end technology when it comes to trading platforms.

    However, the best part for partners would be a two-way earning opportunity.

    As a franchise partner of Upstox, you will earn when you refer a client and when the client pays brokerage to Upstox, and the second one will be a recurring income in most cases.

    What are the benefits of Upstox Partners?

    • You can start your business with Upstox at a very low initial investment.
    • You can have a significant share of the revenue
    • There are ample products and services to offer to prospective clients
    • Great Support from the broker toward the partner

    Can a sub-broker trade for himself?

    Yes, a sub-broker can have his trading and Demat account, using which he can trade. There are no restrictions on the same as of now by SEBI.

    What is the benefit of the Upstox Partner Program?

    The primary benefits of the Upstox Partner Program are –

    • You get full Support – marketing support, back-office support, training, and a lot more
    • You can earn up to 30% of the revenue
    • The initial investment is very nominal
    • The process of becoming a partner of Upstox is very simple and hassle-free.

    Is Upstox Pro safe?

    Yes, Upstox is a tech-first brokerage house in the country which has made its mark due to exceptional security and safety features.

    You can use Upstox Pro without any safety issues. Upstox Pro platforms are regarded as the most advanced and easy-to-use HTML-based trading platforms.

    How do I get a Upstox franchise?

    For the franchise of Upstox, you will have to fill out the application form, make the necessary payment, and provide all the documents and business plans.

    If the Upstox team is satisfied with all the details, they will offer you the franchise.

    Are Upstox franchises profitable?

    Yes, with the Upstox franchise, you can earn up to 30% of the revenue generated by the clients you bring to the table and serve.

    Which is better Upstox or Groww?

    Upstox is a discount broker which specifically provides Demat and trading services; Groww, on the other hand, is a Fintech company providing different financial services.

    Thus, to become a partner/ franchisee, Upstox at any given time would be a better choice.

    What are the benefits of Upstox?

    The benefits of Upstox are in abundance –

    • Very low brokerage charges – Flat fee of Rs. 20 per order
    • No account opening charges or maintenance fees
    • Ample of investment products – Equities, commodities, currencies, derivatives, and mutual funds
    • Partners can earn up to 30% of the revenue
    • Low investment requirement
    • Advanced and safe trading platforms

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