Are you keen to join Angel Broking as a business partner and unsure of their charges or security deposit, then this detailed review will cover all the details related to the Angel Broking Sub Broker charges.
But before coming to Angel Broking Sub Broker charges, let us begin with a quick understanding of the Angel Broking Sub Broker program first!
Angel Broking is a full-service stockbroker in India that is unleashing all the business potential to provide excellent profit to their hardworking and dedicated sub-brokers.
As you might already be aware of the Angel Broking Sub Broker list consisting of Master Franchise, Authorised Person, and Remisier, you might know that each category or plan has a different revenue-sharing model.
To apply for their partnership, you must also be familiar with the Angel Broking Sub Broker commission. Anyway, let’s get to the meat of the review here and talk about some numbers:
Angel Broking Sub Broker Cost
Undoubtedly, to opt for anything in the financial industry and avail huge returns from the same, there are certain charges that are required to pay.
Similarly, if you opt for the Angel Broking Sub Broker program, then you will be required to pay a certain sum of amount in the initial phase i.e. before starting this program.
Submitting the Angel Broking Sub Broker cost is highly mandatory as it gives authority to the sub-broker to carry out the business processings till the agreement is not expired.
Angel Broking Sub Broker charges range between Rs. 10,000 to Rs. 3 lakh which depends on the type of brokership program you choose.
Although submitting this amount is essential, however, it is completely refundable in nature so once the agreement is terminated or expired, the entire amount automatically transfers into your bank account.
This act of depositing security charges is performed by each stockbroker without any special case.
Infrastructure cost is a part of Angel Broking Sub Broker charges that include a decent workspace along with trained staff to understand new and existing customers’ needs and help them in solving their queries.
The below table gives accurate information on the Angel Broking Sub Broker charges:
Sub Broker Plan / Category
Angel Broking Sub Broker Charges
Rs. 1 lakh to Rs. 3 lakh
Rs. 50 thousand to 1 lakh
Rs. 10 thousand to Rs. 25 thousand
Since Angel Broking is a prominent name among the broking houses, which is why it expects its sub-brokers to deposit Angel Broking sub-broker charges and must have a decent and spacious office with strong internet connectivity and a working phone, and trained staff.
Hence, the Angel Broking sub-broker charges entirely depend on the kind of partnership model a sub-broker chooses.
Along with making a security deposit, which is completely refundable in nature, one has to bear an infrastructure cost too. This cost is totally flexible and a sub-broker can invest as much as he desires.
He just has to make sure that being connected with such a leading stockbroker, requires a spacious work office and trained staff.
In case you are looking to get started with your sub broking business, let us assist you in taking the next steps: