If you are keen to join the Angel Broking Partnership model. In that case, you must be aware of the Angel Broking Sub Broker Deposit since this initial amount is mandatory to be made before starting the partnership functions.
Angel Broking Sub Broker Deposit is the initial security deposit that a person, willing to be a partner or Sub Broker with them, has to make.
This initial security deposit is completely refundable in nature, so once the contract is terminated or expired, this payment is automatically deposited in the Sub-Broker’s account.
Angel Broking Sub Broker Deposit For An Infrastructure
Apart from this, another category in which a Sub Broker has to make an investment is the infrastructure.
Infrastructure refers to the workspace required to set-up to assist clients and includes hiring staff that will attend the demat account holders’ queries and doubts.
This infrastructure cost majorly depends on your budget, workspace area, city or town, etc.
As the Sub Broker of one of the leading stockbrokers, Angel Broking expects you to be well-equipped with a decent infrastructure with the final goal of having a spacious workstation, strong internet speed, decent locality, regular phone, and internet connectivity, etc. to run a smooth business.
Angel Broking Sub Broker program can be categorized into three different types
Authorized Persons are similar to Sub-Brokers, and they help Angel Broking customers open a new account or clear their doubts.
Angel Broking Sub Broker deposit to be made as an Authorised Person is relatively low as compared to other categories. But along with this low deposit, he will also receive a low commission.
Angel Broking Sub Broker Deposit
Angel Broking Sub Broker / Authorized Person
INR 50,000 – 100,000
Angel Broking Master Franchisee
INR 100,000 – 300,000
Angel Broking Remisier
INR 10,000 – 25,000
Master Franchise is different from other Angel Broking Sub Broker programs as it offers a lucrative commission of around 80%, which is never given by any other Broker.
However, a significant deposit is required in this category as one has to make the initial security deposit, set-up a work office, hire staff, and offer other mandatory amendments.
And, if you choose to be a Remisier, then an affordable amount will be required to pay, which varies from ₹10,000to ₹25,000.