Zerodha Franchise or Zerodha Partner Program is one of the fastest growing Authorised Person Program in the stock broking sector.

This article will talk about the various types of Sub Broker Programs offered by Zerodha, the offerings they provide to their Sub Brokers, the Revenue sharing component with Zerodha. It will also discuss about the minimum required security amount and documentation and the procedure to start with them as a Business Partner.

Zerodha is by far the largest discount broker that offers the lowest brokerage charges and maximum benefits. Only in the last 10 years of its business, they have managed to make a big impact in the Stock Broking Industry.

Zerodha Franchise Offers

Zerodha Franchise Customer Ratings & Review

Zerodha Franchise Ratings
Market Share7.2/10
Products & Services8.2/10
Revenue Sharing6.1/10
Holistic Support8.0/10
Overall Ratings7.3/10
Star Ratings★★★

About Zerodha Franchise or Partner Program

Zerodha started its operations on 15th August, 2010 with an aim of coming up with innovative and unconventional solutions for trading so that young India can trade more and more and conveniently.

zerodha franchiseTheir innovative in-house technology offerings and progressive pricing has made them the second largest Stock broking company in India with respect to their retail client share. They rank number one with respect to the volumes of trade they do with the leading Stock exchanges.

Everyday around a million clients trade and place a million order through the Zerodha Trading platforms; which in turn contribute to approx. 10% of the overall Retail business of trades per day.

Zerodha is a team of young disruptive entrepreneurs who believe in challenging themselves and the society every day and push themselves to come up with newer and efficient trading mechanisms.

Rainmatter, a fintech fund and incubator launched by Zerodha is been used extensively in several startups to provide them smoother trading experience.

The team of Zerodha is extremely disruptive and enthusiastic about re-inventing the wheel and doing something new all the time. This disruptive attitude and passionate spirit has made reach the level that they are today.

Zerodha is registered with all major Stock exchanges in India like BSE, NSE, MCXNSEL, MCX-SX, ACE, USD etc and they offer a wide range of products and services to their customers.

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    Zerodha Partner or Sub Broker is divided into two types:

    • Business Partner or Authorised Person
    • Referral Model

    Zerodha Business Partner or Zerodha Authorised Person

    A Remisier or Business partner is more like an advisor or agent with the company whose job is to get maximum number of traded clients for Zerodha.

    There is no minimum security deposit requirement nor is there a mandate to have an office space; however the revenue sharing model depends completely ion the business generated by the Remisier.

    The average revenue sharing percentage incase of a Remisier or Business Partner would be ranging between 30% – 50%.

    This Remisier or Business Partner Model has become extremely popular in the Stock broking industry as no other company enrolls Sub brokers for free.

    However, Zerodha believes in being different from league and set its own benchmarks, that’s why they launched this program in 2015.

    Benefits of Zerodha Sub Broker or Zerodha Partner Program

    • Enroll for a Sub Broker or Remisier program without any Initial Security deposit amount
    • Flexible Revenue Sharing model
    • User Friendly & highly innovative Trading tools
    • Online Account opening can be done
    • Free Training will be provided for all products and tools as well
    • Marketing Support provided by the Zerodha team in terms of Posters, Banners and Hoardings

    Zerodha Referral Program

    The second business model that Zerodha works in is the Referral program. Here, anyone can register first as a trader with Zerodha and once you are registered, you can start referring your friends and family to join Zerodha.

    You will get am incentive or revenue share for the people who have joined in through you. The program is fairly simple and doesn’t require anyone to deposit any initial security amount or even look for office space.

    If you have a good network of friends and family and think that you would want to capitalize on that, then this plan can be highly beneficial for you.

    Benefits of Zerodha Referral Program

    • No initial deposit required
    • Can enroll online with easy steps
    • Adding people to Zerodha is not a difficult task it is very famous as a large discount broker
    • Flexible Revenue Sharing model
    • Online Account opening can be done
    • User Friendly & highly innovative Trading tools
    • Free Training will be provided for all products and tools as well

    Zerodha Partner Revenue Sharing Model & Commission

    Being no 1 in the league is not an easy task without a special task force; Zerodha understands this fact very well and hence it has lucrative Revenue sharing percentages for each of its Business Partners.

    The revenue sharing has been designed basis the quantum of business given by the Business Partner, which could push them to perform better.

    For the Business Partner or the Remisier, the average revenue sharing could be anything between 30-50%. If the Partner generates business less than a brokerage amount of 1 Lakh, then the partner gets 10% of the share and Zerodha would keep the remaining 80% share.

    If the brokerage generated is between 1-3Lac, then the share of the partner would increase to 20% and if the brokerage is between 3-5 Lakh, then the brokerage share would be 30% for the Partner.

    However incase the Remisier does a business that generates more than 5 Lakh brokerage, then the revenue sharing would go upto 50-50% as well.

    In the case of the Referral program, Zerodha offers a standard 10% revenue share for each referral.

    Zerodha Franchise CommissionFranchise Commission
    Zerodha Partner Program80%-50%20%-50%
    Zerodha Referral Program90%-70%10%-30%

    Find the list of Sub broker Franchise with decent revenue sharing models:

    Zerodha Franchise Cost or Security Deposit

    Every Stock Broker demands a certain amount towards a security deposit from the Sub Broker or Authorized person during the beginning of their association.

    This is primarily important to safeguard himself in case of any default or wrong practices done by the Sub broker which could lead to a penalty on the Stock Broker.

    However, Zerodha will not demand any security or collateral security from the Sub Broker or Business Partner.

    They only need to open up a Trading Account and a Demat Account with Zerodha first to get started in either ways, whether you are opting for the Remisier Model or the Referral model.

    Zerodha Franchise Cost
    Zerodha Authorised PersonRs.11,000
    Zerodha Referral ProgramZero

    Find the list of Stock Market Franchise with low initial investment amount:

    Infrastructure Investment by Zerodha Sub Brokers

    A Sub Broker or a Business Partner is a representative of the Stock Broker from a customer’s perspective. He would be the one who deals with the end customer and does all the transactions for him on behalf of the Stock Broker.

    Hence he needs to demonstrate high standards of quality as expected by the Broker himself. Many companies are very particular about this aspect and demand that the Sub Broker should maintain a good office space in a decent locality with hygienic working conditions. They also sometimes demand for specific locations or area of the office.

    However, with Zerodha, there are no such clauses. Zerodha has a very liberal approach to things. They believe that they are partnering with mature professionals who are well aware on how to deal with their customers and manage their business.

    Hence they don’t keep any clauses of office space and area etc. All they monitor is that no customer should treated indifferently or in a bad manner so as to lose business.

    A basic thing that each Entrepreneur would have anyways in his office or workspace is a computer or laptop for managing records and tasks.

    Also a Wifi connection or some sort of internet connectivity and landline connection is a must to operate a business. Hence you could look into these major requirements and arrange for your office or workplace accordingly.

    Zerodha Franchise Offers or Zerodha Partner Offers

    Zerodha, is a very vibrant and thoughtful organization. This Discount broker is managed by young set of skilled workforce. Their major goal is to look at multiple ways to improvise the trading experience in India.

    Hence they are coming up with various offers for their Traders as well as Business Partners to enhance their business:

    • A wide array of product line for their traders as well as Sub Brokers- can trade in all segments – Equities, currency, Derivatives, Mutual Funds etc.
    • Zerodha offers advanced and user friendly trading platforms
    • The Stock Broker provides complete backoffice support. Their advanced backoffice platform helps in tracking clients and the amount of revenue generated by them
    • The revenue sharing model is flexible in nature. This helps the client to earn more with high revenue generation.
    • No security deposit is like an icing on the cake for the Business Partners and Remisiers
    • Free Research Advisory services

    Zerodha Sub Broker Eligibility Criteria

    Zerodha’s Business partner Program or Authorised Person Program doesn’t have any specific eligibility criteria. However there are certain basic eligibility checks that one needs to do before enrolling as they are governed by the Stock Exchanges and SEBI.

    The minimum age criteria for starting up any work or business if 18 years, hence one has to be 18 + to get a Sub Broker program membership. The other prerequisite is that the person has to be registered with SEBI as well for a Sub Broker agency.

    Someone with a minimum 3 years’ experience from the financial services industry would also be an added advantage. A graduation degree or an equivalent degree is also something that many companies as for.

    How to become a Zerodha Sub Broker or Business Partner?

    There are very simple steps you need to follow to become an Zerodha Sub Broker:

    • Fill the online form here to enroll for a Business Partner. Provide details like your name, mobile number, email Id and location.
    • Once you do that, an executive will contact you shortly to verify all your details. He/she will also fix an appointment with the Business Development team.
    • As per the appointment, the Business Development executive will visit you in person and explain to you the proposal- model of working, support provided from their end, company’s expectations, Revenue sharing percentage, Brokerage charges, security deposit requirement etc
    • Post the discussion and once you both come to a consensus, then the executive will get you to sign an agreement and submit some documents.
    • Once this agreement is deposited, and are verified through the verification process, a Sub broker code will be generated and you can officially start as a Zerodha Franchise.

    Documents required to become a Zerodha Franchise or Partner

    List of documents required to become Zerodha Sub broker or Partner are:

    • Identity Proof – Adhaar card, Pan Card, passport, Driving License, Voter ID
    • Proof of Age- Passport, School Certificate, PAN card
    • Address Proof – Adhaar Card, Passport, Driving License, Voter ID, any utility bill
    • Qualification Proof – Degree copies
    • SEBI registration certificate
    • Cancelled cheque for bank account details
    • Passport size photographs

    Know about other stock broking franchise:

    Why Partner with Zerodha?

    • Zerodha is very famous as India’s leading discount broker; hence acquiring customers for the company is not a difficult task
    • They have extremely simple and transparent brokerage plans and rates uniform for all traders
    • Their trading platforms are a delight to operate and trade as it provides comfort and ease in all transactions
    • Zerodha has very strong back office software which tracks listed clients, their revenue, partner share & more.
    • There are no charges for enrolling as a Sub Broker or Business Partner, this is also a USP in its way.
    • The company deals with multiple product range. Zerodha offers diverse segments from a single interface, which again is a comfort for the clients.
    • Their Research and advisory services are also top notch providing accurate solutions for all your queries

    Zerodha Sub Broker or Business Partner Program FAQs

    Ques – What is the types of Sub Brokers with Zerodha?

    Ans: Zerodha has two types of Sub Broker Programs:

    Ques – What is the age criteria for a Zerodha Franchise?

    Ans: For a Zerodha Franchise or Sub Broker, the age criteria is minimum 18 years.

    Ques – What is the minimum security deposit the Sub Broker has to pay initially?

    Ans: With Zerodha, there is no security deposit that one has to pay to enroll as a Sub Broker or Business Partner.

    Ques – Does Zerodha have Sub Broker Model?

    Answer – No, Zerodha does not have a sub broker model. This broker is a discount broker, which means they are only available online, via the online trading channels. They do not have any physical presence across the entire nation and hence, they do not provide the Sub Broker model.

    Ques – Is Zerodha having multiple Franchise models?

    Answer – Yes, though Zerodha does not provide the sub broker franchise model for investors, it facilitates two other kind of models. First franchise model is the business partner or the authorized person. The second provided model is of referral model, where investors create additional income sources.

    Ques – What is Zerodha Sub Broker Commission?

    Answer – If one wishes to be associated with this stock broker, as their sub broker, via their partner program, they will be entitled to a payment in between 20% – 50%. This amount is provided in the right ratio, given the responsibilities endorsed on the sub brokers.

    Ques – How much Zerodha Franchise Cost?

    Answer – There are two franchise models that this stock broker provides, i.e. Authorized person and the referral program. The authorized person franchise model requires an investment of Rs.11000. On the other hand; the referral program requires no investment whatsoever.

    Ques – Does Zerodha have Partner Program?

    Answer – Yes, since this company, is a discount broker, they provide all kind of provision related to it. One such provision is of the partner program as the franchise business model. Also, anyone can choose from two different models this broker offers, i.e. of authorized person and revenue sharing.

    Ques – What is Zerodha Partners Sharing?

    Answer – If you opt for the partner program in particular, you will be provided with 20%-50% of revenue. This is a flexible amount which is subject to negotiation based on multiple aspects. This leaves the franchisor with a share of 80%-50%.

    Ques – Is Zerodha Partner Program Free?

    Answer – No, from the two different models that Zerodha provides, one specific model is free of cost. Specifically, the partner program of Zerodha is chargeable, and to be precise it is Rs.11,000. On the other end, the Referral Program is free from any kind of charges.

    Ques – Does Zerodha provide Training Assistance?

    Answer – Yes, in order to help the partners get associated with the tools and products provided, Zerodha provides training support. The partners are made accustomed with the products, tools and also the online trading platforms, so they can fetch the brand a lot of new customers.

    Ques – How to Become Zerodha Sub Broker?

    Answer – If you have decided to start your business alongside Zerodha, we provide you the assistance right from this page. You can click on the buttom “Become Sub Broker” and fill up the pop up form. When the company contacts you, follow up with them and discuss all the aspects of the franchise. An agreement is drawn based on mutual agreement.

    Ques – Does Zerodha Franchise provide Support?

    Answer – Since the partner model does not require much, a full fledged support is not facilitated by the brand. Well, a significant support in the form of marketing is provided. The brand helps its business partner in terms of Posters, Banners and Hoardings.

    Ques – What is the process to refer Zerodha to Friends and Family?

    Answer – You will find a referrals page in Zerodha Console platform. It is the page you need to visit in order to refer anyone. You must feed in the name, email id, and mobile number of the individual you wish to refer and click on submit. This would redirect a Zerodha executive to the person, who would assist, him/her in the process of account opening.

    Ques – What are the benefits of referring friends and family to Zerodha?

    Answer – If you manage to refer anyone from your friend and family, you will be entitled to 300 Zerodha reward points. These points will be provided on successful creation of demat account. Reward points are redeemable across paid Zerodha products, which include Streak, Sensibull, Smallcase and LearnApp. Also, you will be entitled to 10% share in brokerage paid by people you referred from Jan 01, 2020. However, the condition to make 10% of brokerage is, you need to refer at least 5 members.

    Ques – How to redeem or withdraw brokerage commission from references?

    Answer – The brokerage sharing program has a clause of Rs.1000 as minimum payout, alongside 5 referrals. If these 2 clauses are fulfilled, you will be entitled to withdraw your commission. You can choose to either subscribe for paid products using the reward points or redeem them from Console. Once redeemed, the redemption order cannot be reversed.

    Ques – What is the expiration period of Zerodha Reward points?

    Answer – Reward points earned will not expire in case you do not use it, and can rather choose to avail offers. As for the brokerage sharing program, it is must for a minimum payout of Rs.1000, alongside 5 referrals. These conditions must be met in case you wish to withdraw. Also, the maximum time for withdrawal of amount is 365 days from withdrawal eligibility. There is no extension provided and the amount will lapse.

    Ques – How to avail for limited liability partnership account with Zerodha?

    Answer – Eligibility is for any partnership firm or LLP, for opening a partnership account with Zerodha. Helpline numbers are provided by the stock broker, via which you can contact them. They will instantly get in touch with you and walk you through the process.

    Ques – What is the process to open a partnership account with Zerodha?

    Answer – As per the norms, partnership firms and LLP are entitled to open the same with Zerodha. The broker has released the helpline number and the sales executives will then follow up with you.

    Ques – What are the levied charges and brokerage on partnership account with Zerodha?

    Answer – You need to pay an account opening charge of Rs.500 for trading and demat account, alongside Rs.300 in case you wish to invest in commodity. AMC on the other hand is levied at Rs. 300+18% GST per year. Rs 20 per executed order or 0.1% of turnover whichever is lower worth of brokerage is taken on all the segments other than Options, which has a flat charge of Rs 20 per executed order.

    Ques – Is Coin available for investment to Companies, partnerships and HUFs?

    Answer – Yes, this platform is available for all the aforementioned parties. However, it is must to open a demat account with Zerodha.

    Ques – Is trading in NSE/BSE commodities available with Zerodha?

    Answer – Investing in NSE/BSE commodities is at present unavailable with Zerodha. However, the stock broker plans on offering such services soon, and would shortly notify the investors.

    Ques – How to file a complaint with Zerodha?

    Answer – Compliance officer is responsible for investor Grievances and Client Complaints. If you wish to file a complaint, you can raise a ticket regarding your issue and the company will reach back at the earliest. The broker as well keeps all the records of grievances.

    Ques – What is the process of trading in Nifty IT option contracts in Zerodha?

    Answer – Nifty IT option contracts went live from March 11th, 2019 in NSE. Though it has been introduced, Zerodha doesn’t yet provide the said service as of now. It shall be available in the near future.

    Ques – What is the process to become a Zerodha Partner?

    Answer – In order to sign in as Zerodha’s Partner, you must get in touch with sales manager of Zerodha. There are also alternatives available, as you can choose to fill the online form, or on the contrary choose to email Zerodha.

    Ques – Is non-individual entity account available with Zerodha?

    Answer – Yes, you can open the said account with Zerodha, by getting in touch with them via the helpline numbers. The representative connected would be your guide to open the account. The eligible entities are company, partnership firm, LLP and HUF. Make sure you check the documents required prior to connecting with them.

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