Zerodha Franchise / Authorized Person / Partner / Sub Broker Review

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 8 years of its business, they have managed to make a big impact in the Stock Broking Industry.


Zerodha Franchise Customer Ratings & Review

Zerodha Franchise Ratings
Criteria Ratings
Experience 7.1/10
Market Share 7.2/10
Products & Services 8.2/10
Revenue Sharing 6.1/10
Holistic Support 8.0/10
Overall Ratings 7.3/10
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.


Start your Broking Business with Zerodha

Fill Your Details Here
  1. Become Sub BrokerOpen Demat Account


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 Commission Franchise Commission
Zerodha Partner Program 80%-50% 20%-50%
Zerodha Referral Program 90%-70% 10%-30%

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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 Person Rs.11,000
Zerodha Referral Program Zero

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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.


Start your Broking Business with Zerodha

Fill Your Details Here
  1. Become Sub BrokerOpen Demat Account


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

Know about other stock broking franchise:

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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.


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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

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

Q1. What is the types of Sub Brokers with Zerodha?

Ans: Zerodha has two types of Sub Broker Programs:

Q2. What is the age criteria for a Zerodha Franchise?

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

Q3. 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.


Start your Broking Business with Zerodha Franchise Program

Fill Your Details Here
  1. Become Sub BrokerOpen Demat Account


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