IIFL FAN

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IIFL is quite a catch. Everybody wants to get a piece of it. Many yearn for an opportunity to work in close association with the mega stockbroking firm. There are a few methods to do so, and one of them is IIFL FAN

India Infoline Ltd., or shortened to IIFL is an established name in the stockbroking space of the country, who has set a benchmark in the industry for developing trading platforms, providing top-notch stock market research tips, brilliant customer assistance, etc.

IIFL founder, Mr. Nirmal Jain founded the firm in the year 1995 and has since gone on to cement its place amongst the elite full-service stockbrokers in India in terms of quality service and widening their geographical reach.

The stockbroker enjoys a pan India presence. Currently, It has around 4000 physical IIFL branches across 900 cities and towns of India.

Among their earliest clients were a few research organizations, whose positive impact resulted in the brokerage firm investing in research products that appealed to a large chunk of their customers.

Here, in this review, we take a look at various aspects related to the IIFL FAN model, such as how to become an IIFL Fan Partner.

IIFL FAN Review

Formerly known as India Infoline Limited, IIFL is one of the earliest and most renowned stock broker companies in the country.

Established in the year 1995, which translates into 25 years of operations in the stock market, IIFL has developed a trust factor among its clients.

This can be seen from the fact that the stockbroker has an active client base of over 2.3 Lakhs, and the list continues to grow longer every day. Further, IIFL has over 10000 partners spread across 500 locations

Having an association with IIFL has its own list of perks. So, anyone who wishes to become an IIFL financial advisor will get to enjoy the following benefits.

IIFL offers investment opportunities across various stock market segments such as stocks, commodities, equity, derivatives (futures, options), and currency for both short term and long term investment.

Also, a trader can participate in IPOs, mutual funds through IIFL. 

As mentioned earlier, IIFL is often considered the pioneer of developing research products and known for its trading platforms packed with novel technology.

This can be seen from their vast array of trading platforms such as IIFL Markets, IIFL Trader Terminal which has both a PC version as well as a Web-based version.

With all the perks that this business model offers, the road to becoming an IIFL FAN isn’t all that easy. We have to learn about the eligibility criteria, IIFL FAN registration process, the revenue structure.

Later, we discuss the benefits as well as the issues relating to this business model.


IIFL FAN Registration

IIFL FAN Registration is a straightforward process. The following are the steps to become an IIFL FAN.

  1. To apply for an IIFL FAN, one will need to provide their basic information, which is the name and mobile number.
  2. We will arrange a callback for you, where you can discuss your investment plans, objectives with IIFL representatives.
  3. After this telephonic conversation, the local IIFL representative will assist with the documentation. Thus to become an IIFL FAN partner, no physical verification is required.
  4. Once the documentation process is completed, you will be provided with the FAN token to set up your official accounts with IIFL and activating the account.

Here it is important to note that IIFL Sub Broker Registration is essential to carry out the sub broker business without any hassle.

IIFL FAN Documents

The documents required in the IIFL FAN registration process include the following:

  • PAN Card
  • Identity Proof – Any of the following can be employed as an ID Proof – Aadhaar Card, Driving License, Passport, Voter ID, Ration Card.
  • Address Proof can be the same as the identity proof, but the address should be mentioned
  • Passport Size Photographs
  • Academic Certificates (Secondary Education, Diploma, Degree etc)
  • Cancelled Bank Cheque
  • NISM or NCFM Certificates 

Once you are done with the registration, you can log in to their portal with IIFL Sub broker login details.


IIFL FAN Eligibility Criteria

Anyone who is looking to become IIFL FAN will first need to confirm that they fulfill the eligibility criteria laid out by the stockbroker. The eligibility criteria are as follows : 

  • The applicant should have at least completed secondary education. 
  • The applicant should have at least a basic know-how of functioning, terms of the stock market, preferably prior experience in the stock market.
  • The applicant must possess the ability to operate the various IIFL trading platforms.

The list might later include or exclude some other requirements. However, the basic eligibility criteria remain more or less the same.


IIFL FAN Commission

IIFL has been known to present the most lucrative deals to its clients. 

The stockbroker shares revenue is upto 60% with the IIFL FAN for every client they bring in. This 60% revenue sharing model is pretty impressive as per industry standards.

IIFL FAN revenue model is dependant on the below-mentioned factors :

  1. The scale of business that you bring in 
  2. The volume of business
  3. The amount of  investment
  4. Experience

Despite all the slabs that the stockbroker might offer you, the commission eventually comes down to your negotiation skills. 


IIFL FAN Benefits

Following are a few of the advantages of opting for IIFL FAN :

  1. Vast Range of Financial Products and Services – One should opt for IIFL FAN as it ensures no dearth of customers who would want to avail the facilities of a Demat account with the stockbroker. IIFL offers customers the opportunity to trade in multiple financial products which include currency, mutual funds, equity, commodities, Portfolio Management Services, FDs, Insurance, Loans, etc.
  2. Support And Assistance – IIFL extends complete business operations and back-office support, employee training, order booking, pay-outs, and marketing support. Also, becoming an IIFL FAN will get you access to business MIS and back-office reports.
  3. Research Reports – IIFL has been known to produce the finest research reports dedicated to various financial instruments such as equities, mutual funds, commodities, and currencies. Plus, IIFL offers a variety of weekly, daily, monthly research reports. 
  4. Higher Revenue Sharing Model – The biggest benefit of IIFL FAN is that the stockbroker’s revenue-sharing model is higher than what is offered by others in the industry. IIFL FAN can earn upto 60% of revenue per business.
  5. New Age Trading Platforms – The trading platforms provided by IIFL are packed with new-age technology to provide a user unrivaled ease of trading, smooth and swift transactions. Their application IIFL Trader Terminal is available for PC and web versions, and IIFL Markets is available for android, iOS, and Windows-based smartphones. 

Conclusion

IIFL ranks among the finest stockbrokers in India. Many would like to become an IIFL Partner and can do so by becoming an IIFL FAN.

The stockbroker has an unrivaled physical presence and currently has around 4000 physical outlets in over 900 cities across the vast expanse of India. 

This business model will appeal to many as an association with the stockbroker has a surety of success. IIFL has a wealthy customer base of over 2.3 Lakhs which goes on to prove the trust factor among customers.

However, there are few eligibility criteria that need to be fulfilled, in order to become an IIFL FAN. Also, the registration process requires maintaining proper documentation.

The revenue-sharing model that goes upto 60% per client is one of the biggest benefits of IIFL FAN.


You can start accessing the IIFL partner portal once you become their partner and have the login details.

Just fill in the details below and you will get a call from B2B onboarding team:

Sub Broker Business

 

Know more about India Infoline(IIFL)

 

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