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Zerodha Partner or Zerodha Sub Broker Program is one of the largest Franchise Models in the stockbroking sector.

This article will talk about the various types of Partner Programs offered by Zerodha, their features,  Revenue sharing, franchise cost & more.

It will also discuss 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.

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Zerodha Partner Program Ratings & Review

Zerodha Franchise Ratings
CriteriaRatings
Experience9.1/10
Market Share9.2/10
Products & Services9.2/10
Revenue Sharing9.1/10
Holistic Support9.0/10
Overall Ratings9.3/10
Star Ratings★★★

About Zerodha Franchise or Sub Broker

Zerodha started its operations on 15th August, 2010 to come 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 largest Stock broking company in India.

They rank number one concerning the volumes of trade they do with the leading Stock exchanges.

Every day around 3-4 million clients trade and place orders through the Zerodha Trading platforms; which in turn contribute to approx. 10% of the overall Retail business of trades per day.

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 have made them reach the level that they are today. Zerodha Partner Program is one of the most disruptive programs introduced by the company in India.


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    Types of Zerodha Partner or Sub Broker

    • Partner or Authorised Person

    Zerodha Partner or Authorised Person

    A Business partner is more like an advisor or agent with the company whose job is to get a 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 on the business generated by the Remisier.

    The average revenue sharing percentage in the case of a 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 the league and setting its benchmarks, that’s why they launched this program in 2015.

    Benefits of 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 Partner or Sub Broker 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, the average revenue sharing could be anything between 20-50%.

    If the Partner generates business less than a brokerage amount of 1 Lakh, then the partner gets 20% of the share and Zerodha would keep the remaining 70% share.

    If the brokerage generated is between 1 – 3 Lakh, then zerodha franchise commission would increase to 30% and if the brokerage is between 3 – 5 Lakh, then the brokerage share would be 40% for the Partner.

    However, in case, the Zerodha Sub Broker does a business that generates more than 5 Lakh brokerage, then the revenue sharing would go to 50 – 50% as well.

    Zerodha CommissionPartner Commission
    Partner Program80%-50%20%-50%

    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 Franchise Cost or Partner Program Cost is not a security deposit, they take it as exchange registration fees.

    The Sub Broker needs to open up a Trading Account and a Demat Account with Zerodha first to get started with Partner Program.

    Zerodha Franchise Cost
    Partner ProgramRs.11,000

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


    Infrastructure Investment by Zerodha Sub Brokers

    A Sub Broker 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 good office space in a decent locality with hygienic working conditions.

    They also sometimes demand specific locations or areas 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 of 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 be treated indifferently or in a bad manner 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

    Zerodha is a very vibrant and thoughtful organization. This Discount broker is managed by a 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 lines 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 dashboard support. Zerodha Partner Dashboard helps in tracking clients and the amount of revenue generated by them
    • The revenue-sharing model is flexible. This helps the client to earn more with high revenue generation.
    • No security deposit is like icing on the cake for the Business Partners and Remisiers

    Zerodha Sub Broker Eligibility Criteria

    Zerodha’s Business partner Program or Authorised Person 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 is 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 of 3 years of experience in 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 Partner?

    There are very simple steps you need to follow to become a 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, the 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 Start Zerodha Franchise

    The list of documents required to become Zerodha Partner Program 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
    • Cancelled cheque for bank account details
    • Passport size photographs

    Know about other stock broking franchises:


    Why Partner with Zerodha?

    Here are various benefits of the Zerodha Partner Program or Franchise Model –

    • 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 ranges. 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 Partner Program FAQs

    Check out the various FAQs on Zerodha Sub Broker Franchise –

    What are the types of Sub Brokers with Zerodha?

    Zerodha has only 1 type of Sub Broker Program:

    • Partner Program

    What are the age criteria for a Zerodha Franchise?

    For a Zerodha Franchise or Sub Broker, the age criteria are a minimum of 18 years.

    What is the minimum security deposit for Zerodha Affiliate Program?

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

    Does Zerodha have Sub Broker Model?

    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.

    Is Zerodha having multiple Franchise models?

    No, though Zerodha does not provide the sub broker franchise model for investors, it facilitates only 1 model i.e. business partner or authorized person.

    What is Zerodha Sub Broker Commission?

    If one wishes to be associated with the Zerodha partner program, they will be entitled to a payment of between 20% – 50% brokerage commission.

    This amount is provided in the right ratio, given the responsibilities endorsed on the sub brokers.

    How much does Zerodha Franchise Cost?

    Zerodha franchise model requires an investment of Rs.11000.

    Does Zerodha have a Partner Program?

    Zerodha was the 1st stock broker to successfully use the Partner program in the broking industry.

    What is Zerodha Partners Sharing?

    If you opt for the partner program, in particular, you will be provided with 20% – 50% of revenue.

    This is a flexible amount that is subject to negotiation based on multiple aspects. This leaves the franchisor with a share of 80% – 50%.

    Is Zerodha Partner Program Free?

    No, Zerodha Partner Program is chargeable, and to be precise it is Rs.11,000.

    Does Zerodha Affiliate Program provide Training Assistance?

    Yes, to help the partners get used to the tools and products provided, Zerodha provides training support.

    The partners are made accustomed to the products, tools and also the online trading platforms, so they can fetch the brand a lot of new customers.

    How to Become Zerodha Sub Broker?

    If you have decided to start your business alongside Zerodha, we provide you the assistance right from this page.

    You can click on the button “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.

    Does Zerodha Franchise provide Support?

    Since the partner model does not require much, full-fledged support is not facilitated by the brand.

    Well, significant support in the form of marketing is provided. The brand helps its business partner in terms of Posters, Banners and Hoardings.

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

    You will find a referrals page in the Zerodha Console platform. It is the page you need to visit to refer anyone.

    You must feed in the name, email id, and mobile number of the individual you wish to refer to and click on submit.

    This would redirect a Zerodha executive to the person, who would assist, him/her in the process of account opening.

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

    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 the successful creation of the Demat account. Reward points are redeemable across paid Zerodha products, which include Streak, Sensibull, Smallcase and LearnApp.

    Also, you will be entitled to a 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.

    How to redeem or withdraw brokerage commission from references?

    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.

    What is the expiration period of Zerodha Reward points?

    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 a 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 the amount is 365 days from withdrawal eligibility. There is no extension provided and the amount will lapse.

    How to avail of a limited liability partnership account with Zerodha?

    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.

    What is the process to open a partner account with Zerodha?

    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.

    What are the levied charges on the partnership account with Zerodha?

    You need to pay an account opening charge of Rs.500 for trading and a Demat account, alongside Rs.300 in case you wish to invest in a 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.

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

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

    Is trading in NSE/BSE commodities available with Zerodha?

    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.

    How to file a complaint with Zerodha?

    The 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.

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

    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 shortly.

    What is the process to become a Zerodha Partner?

    To sign in as Zerodha’s Partner, you must get in touch with the 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.

    Is a non-individual entity account available with Zerodha?

    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 a company, partnership firm, LLP and HUF.

    Make sure you check the documents required before connecting with them.


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      One response to “Zerodha Partner / Sub Broker / Franchise / Authorised Person Review
      1. For reffral case most of brokers pay in account but you give point again it can’t be used to reduce brokerage of the person who is refering friend. It must be reconsidered.

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