To become a sub broker one have to get registered with the Securities and Exchange Board of India (SEBI). In short, sub broker cannot operate the duty if not registered with the regulatory body. So, if you are interested to partner with the broker it is essential to be know the IIFL Sub Broker registration process.
IIFL Sub broker comes up with different business model that gives opportunities to you to become IIFL Partner.
Starting own business as a sub broker is dream of many but to turn your dreams into reality it is essential to follow the right steps and strategies.
Becoming a sub broker is not about becoming a trading member of stock exchange but an agent who works on the behalf of trading member.
With IIFL Sub broker registration you would be able to earn higher revenue thus offering you a good value of becoming its partner.
Now since knowledge is wealth here having a good financial knowledge is the basis of setting a business as a sub broker. Apart from this, it is important to deliver the right knowledge and understanding to its staff in order to deliver quality services to its client.
The process to set-up yourself as an IIFL Sub broker is pretty straight-forward. Following are the steps:
Visit the website and fill the sub broker form.
Want to become sub broker, fill the form below and get the call back in no time.
Enter your name, mobile number and other details.
An executive from the firm will call you to assist you with the defined business goals, capital investment, business background, skills and education qualification.
Post this the local representative visits your address to complete the documentation process and verify everything mentioned in the eligibility criteria section.
Once everything is collected, your documentation and related certificates will be checked and processed at the corporate center of India Infoline.
A business partner token will be created, giving you access to back-office and other software, and along with this, your official email account will be set up.
Once everything goes smoothly, your business account will be activated, and you can begin with your IIFL Sub Broker business with ease.
IIFL Sub Broker Registration Documents
Apart from following the right steps, you are required to submit important documents to verify your details and other information.
The following documents will be required to complete the initial documentation process with them-
PAN (Permanent Account Number)
ID Proof (one from the below)
Address Proof (having your current and registered address)
If you are confused about what NISM is, NISM Full Form is National Institute of Securities Market it is basically an institute for acquiring the certificate through which you can officially trade in the stock market.
In some instances, some other documents are required by the IIFL Business Executives, too, which are disclosed during the one-on-one discussion.
Once you are registered with IIFL as a Sub Broker, you can log in through their website.
All you need is to navigate to their partner page and enter the IIFL Sub broker login details in the “Existing Partner” option. These details include your username and password.