Find Your Franchise

Becoming an Angel Broking Franchise is a highly profitable business opportunity. Angel Broking is a leading brokerage house in the country with more than 13000 sub-brokers across the country.

Becoming a part of these Angel Broking Sub Brokers can be prestigious and lucrative and help you in your stock broking business immensely.

This article will guide you about the Angel Broking Partner program, process, revenue structure, the cost involved, and anything and everything you need to know to become one of them.

Angel Broking Franchise Business Opportunity - Snapshot

Line of Business

Sub Broker

Unit / Shop Area

200 - 300 Sq. Ft.

Commission% / Revenue Sharing

50% - 70%

Total Investment

Rs.3,000 - Rs.100,000

ROI Timeframe

3 Month

Angel Broking Sub Broker or Franchise Review & Ratings

Revenue Sharing

4.82 / 5

Franchise Fee & Infra Investment

4.75 / 5

Support & Training

4.61 / 5

ROI Timeframe

4.68 / 5

Brand Value

4.65 / 5

Overll Ratings

4.70 / 5

Star Ratings

Angel Broking Franchise has received excellent ratings and reviews from the sub-brokers who have been associated with the firm.

It is undoubtedly the market leader as it has the highest market share in the stock market. It has got the highest rating for that as well.

The firm offers excellent support and high revenue and thus got 8 points for these factors out of 10. Regarding products and services, Angel Broking has it all and, therefore, a whopping 8.5 points.

Overview of Angel Broking Sub Broker Franchise


Finance & Money

Line of Business

Sub Broker

Organization Type


Head Office



Dinesh Thakkar

Founded In (year)


No. of Franchise Outlets


Master Franchise Model


Franchise Tenure


Franchise Location

All over India

Business Set-Up Time

1 Month

Franchise Commencement Year


With an experience of over three decades, Angel Broking Partner is leading the stock market industry on many fronts, especially with a strong network of sub-brokers.

It has a presence across India in more than 500 cities and towns. It offers all types of trading and Demat facilities at very reasonable brokerage rates.

The firm has recently rebranded itself as Angel One as well. Being an experienced player, it doesn’t lag in innovative products.

It offers one of the market’s most advanced trading platforms and facilities.

Angel Broking Franchise Program – Business Models

If you want to join Angel Broking as a Partner, you have 4 options –

Business Models Revenue Sharing
Sub Broker 50% – 70%
DRA or Partner 20% – 40%
Master Franchise 70% – 80%
Referral Rs.150 – Rs.300 per new Client acquired

Angel Broking Sub Broker

Sub-brokers are now known as Authorised person. However, the job role remains the same. As a sub-broker of Angel Broking, you need to find prospective clients and get them converted into clients of the brokerage house.

You need to assist them in account opening. Then as an authorized person, you have to assist them in trading. You can become an authorised person of the brokerage house within 3 days.

This is because the registration process has now become swift. The clients you acquire get a free Demat account, which can be opened within five minutes.

Angel Broking Master Franchise

As a Master franchise of Angel Broking, while the job role is more or less the same as a sub-brokerage house, the area of operation expands.

So, as a master franchise, if you have your office in a region or town, there won’t be any other master franchise in that area/ region/ town.

Even there will be no sub-brokers as well. So, the competition will be less, and you will only offer Angel Broking’s products and services in that region.

You will have a monopoly in that jurisdiction/ region or area.

Angel Broking DRA or Remisier

The simplest way to become a partner of Angel Broking is by becoming a Remisier. It is like becoming an agent; here, you need to get clients for the company.

Unlike sub-brokers and master franchises, Remisier won’t have to render any trading or other facilities.

Angel Broking Referral Program

Angel Broking also has a referral program. It offers Rs. 150 vouchers to the person who has referred a new client to Angel Broking.

So, suppose you have an account with Angel Broking, and you refer its demat account to your colleague.

Now, if your colleague got interested and opened an account with your referral link of yours.

Then you will receive a voucher worth Rs. 150. You can redeem the voucher within 30 days from issuance.

Angel Broking Franchise Cost & Investment

Sub Broker - Franchise Fee

Rs.50,000 to Rs.1 lakh

DRA / Remisier - Franchise Fee

Rs.3000 only

Infrastructure Investment

Zero - Rs.50,000

The Angel Broking Franchise Cost is Rs.50,000 for Sub brokership, although franchise fees vary as per the business models.

For the sub-brokers or the authorised person, it is Rs.50,000 as a minimum, and it can go up to Rs.1 lakh.

This is the refundable security deposit that you have to pay. You can increase the security deposit to earn a higher revenue percentage.

The master franchise holders have to pay between Rs.3 lakhs to Rs.5 lakhs for getting the franchise of Angel Broking.

The more security deposit you keep with the brokerage house, the higher your revenue share percentage will be.

As a DRA or Remisier, you only have to invest Rs.3,000. This is the lowest investment among all the business models.

Angel Broking Sub Broker Commission / Revenue Sharing / Royalty

Sub Broker Commission

50% - 70%

Angel Broking Commission

30% - 50%

DRA Commission

20% - 40%

Angel Broking Commission

60% - 80%

Referral Commission

Rs.150 - Rs.300 per Client

Angel Broking Commission


If you are wondering what will be the Angel Broking Sub Broker Commission, then here are the details

Sub-brokers/ Authorised Persons: You can earn 50% to 70% of the revenue generated by your clients. The percentage of revenue.

The commission will depend upon how much security deposit you have kept with the stock brokerage house. The minimum revenue share you can expect is 50%, while the highest can be 70% as well.

For instance, if you have deposited the minimum security amount of Rs.50,000, you will be entitled to 50% of the commission.

Let’s say you have 4 clients, and in a month, the total brokerage paid by them is Rs.1,50,000. So, you will earn 50% of Rs.1,50,000, which is Rs.75,000.

Master Franchise: The master franchise invests the highest amount and gets the highest revenue share.

As a master franchise, the minimum revenue share you will get is 70%, and the maximum can be 80% as well. This will also depend on the amount of security deposit you keep with the broker.

Remisier: As a Remisier, you will be entitled to 20% to 40% Commission.

Angel Broking Business Partner ROI Details

In Months

3 Month

As you can read in the above paragraph, that commission varies according to the business model you opt for. So the Angel Broking Franchise Returns will also differ for all business models.

While as a Remisier, you have to invest the lowest amount, and the master franchise invests the highest, the returns are similar.

As Remisier, you will get the lowest commission share, and as a master franchise, you will get the highest.

You can expect to have break-even within 3 months of starting as an Angel Broking partner.

Then you can expect to see profits growing, and the more clients you bring to the table, the more revenue you can generate.

Angel Broking Sub Broker Profit Calculation

This calculation is based on 300 Active Clients of a Sub Broker Business.

Monthly Revenue
No. of Active Clients 300
Daily Trades per Client 5
Brokerage per Trade 20
Trading Days in 1 Month 15
Total Brokerage Revenue 4,50,000
Sub Broker’s Share (50%) 2,25,000
Monthly Expenses
Office Rent (Co-working Space) 15,000
1 Telecaller Cost 22,000
1 Dealer Cost 23,000
Misc. Expenses 5,000
Total Cost 65,000
Monthly Profit
(Revenue – Expenses) 1,60,000
Profit Margin 36%

Total Brokerage Revenue is calculated by multiplying No. of Active Clients, Daily trades per Client, Brokerage per Trade & Trading Days in 1 Month i.e. (300*5*20*15).

Sub Broker’s Share is considered 50% of the Total revenue generated via brokerage.

Here, you can increase the revenue by adding more active clients & reduce the cost by cutting office expenses.

Angel Broking DRA Profit Margin Calculation

Again, this calculation is also based on 300 Active Clients of a DRA partner.

Monthly Revenue
No. of Active Clients 300
Daily Trades per Clients 5
Brokerage per Trade 20
Trading Days in 1 Month 15
Total Brokerage Revenue 4,50,000
DRA’s Share (30%) 1,35,000
Monthly Expenses
1 Telecaller Cost 20,000
Misc. Expenses 5,000
Total Cost 25,000
Monthly Profit
(Revenue – Expenses) 1,10,000
Profit Margin 24%

Total Brokerage Revenue is calculated by the same method as above, i.e., by multiplying No. of Active Clients, Daily trades per Client, Brokerage per Trade & Trading Days in 1 Month i.e. (300*5*20*15).

Sub Broker’s Share is considered 30% of Total revenue generated via brokerage.

Master Franchise of Angel Broking - Information

Franchise Fee

Rs.2 Lakh - 2.5 Lakh

Infrastructure Investment

Rs.2.5 Lakh - Rs.3 Lakh

Commission% / Revenue Sharing

75% - 80%

As an Angel Broking Master Franchise, you will be entitled to receive a whopping revenue share.

This can go up to even 80% of the total revenue generated by all your clients. The investment or the security deposit you need to put in is between Rs. 3 lakhs and Rs. 5 lakhs.

Of this amount, around Rs.2 lakh to Rs.3 lakh goes towards Franchise fees. The remaining amount is for setting up the infrastructure.

Angel Broking Franchise Infrastructure Requirement

Shop / Unit Area

200 - 300 Sq. Ft.

Employee Strength

Minimum 2

Research / Advisory


Trading Terminals Set-up


Telephone Lines


Computer / Internet Connectivity




CCTV Set-up


The infrastructure requirement for Angel Broking Partner Program includes –

  • An office space or unit of around 300 to 500 square feet of area
  • Minimum 2 employees in the office
  • Research and advisory facilities
  • Terminal set-ups for trading
  • Telephone connection and internet connection
  • The office has to be fully air-conditioned
  • There must be CCTV surveillance.

These infrastructure requirements are mandatory for having a master franchise. While becoming an Authorised person or Remisier, you do not have to worry much about many infrastructures.

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Support Provided by Angel Broking Partner Program

Service Pricing




Client Interaction Training


Relationship Manager Support


Back-Office Support


Trading Support


Advisory Support


Marketing Support


Business Management Software


Website Support


Operation Manual


Training Manual


The support rendered by Angel Broking to the Angel Broking Sub Broker is as follows-

  • Client Interaction Training
  • Relationship Manager Support
  • Trading Support
  • Back-office support
  • Advisory support
  • Marketing support
  • Website support
  • The brokerage house also offers a training manual, operation manual, and business management software
  • There is also service pricing support and lucrative offers from time to time.

The support facilities offered by Angel Broking are top-notch. They make sure every master franchise, authorized person, and Remisier gets the best facilities to offer their best services to the clients.

Franchise of Angel Broking - Marketing Support

Unit Interior & Exterior Ads


Local Advertisement


Digital Marketing


Television Advertisement


Prints Advertisement




Under marketing support offered for the Angel Broking Franchise Program, there are –

  • Local advertisement facilities will help promote your business in your locality, region, or jurisdiction.
  • Angel broking also offers digital marketing support under their marketing support to promote your business online
  • Then, there will be print advertisements, events and seminars, and television advertisements.
  • You can also place ads in your office’s interior or exterior with Angel Broking’s help.

Training provided by Angel Broking Sub Brokership

Product Information Training


Dealers Training


Service Training


As Angel Broking Sub Broker, you will receive the following training –

Dealers Training: This will help you deal with the clients, understand their trading requirements, and trade on their behalf.

Service training: This will equip you with a problem-solving attitude to help the clients whenever they require trading needs.

Product information training: This is the basic training that you will get from time to time to understand the products and services of the company. This will help you in pitching the right products to the right prospect.

Angel Broking Authorised Person - Products Offered

Equity Trading


Commodity Trading


Currency Trading






Mutual Funds






Demat Services


3 in 1 Acount


IPO Services


Stock Recommendations


Robo Advisory




Exposure or Limit


Mobile App


Web Trading Platform


Trading Terminal


Algo Trading Platform


Basket Trading


Angel Broking, the leading brokerage house in the country, offers almost all trading and Demat facilities you can ask for. As an Angel Broking Business Partner, you can offer –

  • Equity trading facility for your prospective clients. Angel Broking offers both Delivery and intraday trading facilities.
  • Then, there are commodities, currencies, futures, and options that you can offer to your clients.
  • You can also pitch about mutual funds and insurance products, which Angel Broking offers.
  • There are IPO services, stock recommendations, and Robo advisory services.

Angel Broking offers multiple trading platforms you can pitch to your client too.

It includes an Angel Broking trading terminal, mobile application, web trading platform, Algo trading platform, and a Basket Trading facility.

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Franchise for Angel Broking - Revenue per Customer


Rs.20 per Order



Equity Options

Rs.20 per Order

Equity Futures

Rs.20 per Order


Rs.20 per Order

Currency options

Rs.20 per Order

Currency Futures

Rs.20 per Order

Being a full-service brokerage house, Angel Broking charges its clients like a discount brokerage house.

This can be one of the most important benefits for the Angel Broking Franchise, authorised persons, and Remisiers.

The brokerage rate is flat at Rs. 20 per executed order. It doesn’t matter which segment you are trading or the volume. As clients, one has to pay only Rs. 20 for each order they execute.

So, your revenue per customer will depend on how many trades they execute. Suppose one of your customers has executed 500 orders in a month, then the brokerage he has paid to Angel Broking is Rs. 20 * 500 =Rs. 10000.

So, you will receive Rs. 5000 as a Sub broker as the minimum revenue share.

If you are a Master franchise and fall under the 70% revenue segment, you will get Rs. 7000 from this customer, and if you are a DRA, your minimum return would be Rs. 2000 from this customer.

So, If you have 100 active clients under Angel Broking Sub Broker or DRA program, you can easily make Rs.1 Lakh monthly.

Franchisee Qualification required by Angel Broking Sub Broker Franchise

Age Limit

21 years & above

Business Experience


Academic Qualification


You must be at least 21 years old to become eligible for Angel Broking Affiliate Program.

You also need to have prior experience in stock broking, and you need to be a graduate of a recognized university in India as well.

Apart from these, you must clear NISM examinations to get the license and registration code.

Documents Required to Start Angel Broking Sub Broker Program

Franchise Agreement


Proprietor Aadhaar Copy


Proprietor Photo


Proprietor / Business PAN Copy


Business TAN Copy


GST Registration Certificate


Proprietor / Business Address Proof


Unit / Shop Address Proof


NOC of Unit / Shop


The documents you would require when applying for the Angel Broking Affiliate Program are as follows –

  • PAN of the proprietor or the business entity
  • TAN
  • GST registration copy
  • Franchise Agreement
  • AADHAAR Card copy
  • Address proof of the Proprietor and the office
  • NOC for the office
  • Photograph of the proprietor

Angel Broking Sub Broker or Franchise Dashboard

Dashboard Link
Angel Broking Sub Broker Angel Broking NXT
Angel Broking DRA DRA Dashboard Angel One

Angel Broking Partner Dashboard is one of the most advanced dashboards offered in the industry. It has simple yet effective features, which makes it easy for the users.

There are different tabs that help you keep track of your leads, revenue generation, and client conversion. It is a one-stop dashboard for all your need.

On the dashboard, you can find the number of trades made by each of your clients and, respectively, the revenue generated.

You can easily find the revenue share you will make from each client. Also, calculate the total revenue for a month.

One can keep track of the leads and see which leads are getting converted into clients. Also, you can help the clients open an account with Angel Broking using the Dashboard.

Angel Broking Partner Login or Angel Broking Franchise Login

For Angel Broking Franchise Login, you must have the Franchise/ Partners account opened with the brokerage house.

Once you have the account, you will receive the login credentials. Using the same credentials, you can log in to the platform.

You will find the dashboard here, where all the details of your clients, commission, revenue, and lead information are provided.

Angel Broking Sub Broker Benefits

The benefits of partnering with Angel Broking as an Angel Broking Sub Broker are –

  • Brand Name: You get the opportunity to work with the leading brand in the stock market. The name Angel Broking can get you many clients quickly as people have faith in Angel Broking.
  • Wide network: The brokerage house is also present across the country in small towns. So, even if you are not from any metropolitan city, you do not have to worry. You can become your region’s master franchise, authorised person, or Remisier.
  • Genuine Support: Angel Broking is popular amongst sub-brokers as it offers genuine support. From back-office to marketing support, everything you can expect from the broker in the true sense.
  • High revenue sharing: This is one of those brokerage houses which shares the highest revenue with its partners. You can earn up to 80% of the revenue as a master franchise.
  • Flexible eligibility criteria: For becoming a partner of Angel Broking, there are no rigid criteria that you need to fulfill. The eligibility criteria are pretty flexible and straightforward.

Angel Broking Franchise Drawbacks

There are hardly any drawbacks to Angel Broking Franchise. However, the infrastructure requirements are strict and expensive.

However, only if you opt for a master franchise you must adhere to all the infrastructure requirements.

For authorised persons or Remisiers, infrastructure requirements are less.

Angel Broking Partner Program – Conclusion

To conclude, Angel Broking Partner is undoubtedly one of the best stock market franchises you can find in the industry at present.

It’s high revenue sharing, multiple support, advanced technology, and wide range of products and services will help you acquire clients and grow your business.

FAQs on Angel Broking Franchise Business

Check out the various essential FAQs on Angel Broking Sub Broker Program here –

How to become a partner with Angel Broking?

To become Angel Broking Partner, you must register as an Authorised person/ franchise or Remisier with the brokerage house.

You must fulfill the investment and infrastructure requirements, and then you will get the dashboard login as a partner.

What is Angel Broking Authorised Person?

Angel Broking sub-brokers are now known as Authorised persons. They work for the broker to get clients, assist them in trading, and earn a revenue share.

What is the difference between a master franchise and a sub-broker?

The role of the Master franchise and sub-brokers is the same. However, there can be only one master franchise in a region/ town/ jurisdiction, while many sub-brokers exist.

So, the Master franchise enjoys a monopoly that sub-brokers don’t.

How much do I need to invest in becoming Angel Broking Franchise?

For an Angel Broking franchise, you need to invest Rs. 50,000. This amount is refundable once you move out of the sub-brokership.

Other than that, you either need not spend anything on infrastructure like an office or employees or, if you can, keep an office & employees, which will cost Rs.30,000 minimum.

How can I earn as Angel Broking Partner?

You will earn a share of the revenue generated by the client. The brokerage clients pay Angel Broking for availing services; you will receive a portion of this brokerage amount.

How much can I earn as a DRA of Angel Broking?

As a Remisier, you can earn between 20% and 40% of the revenue share. The revenue share percentage depends on how much security you keep with the brokerage house.

The total amount of brokerage will depend on your active clients and how many trades they execute in a month.

Am I eligible to become Angel Broking Partner?

If you are 21 years old, have experience in stock broking, and have completed your graduation, you can easily apply and become a partner of Angel Broking.

Do I need to have an office space to become Angel Broking’s franchise?

Yes, if you opt for a Master franchise, you need to have 300 to 500 square feet of office space.

What support does Angel Broking offer?

Angel Broking offers marketing, back-office, trading, and dealer support.

How much can I earn in a month as an Angel Broking partner?

The amount you can earn depends on which business model you have chosen. However, the minimum can be 20%, while the maximum can be 80% of the revenue generated by your clients.

Important Links

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