Become an Authorised Person with ICICIdirect
*Previously Known as Sub Broker
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Initial monthly earnings
Annual earnings
Become an Authorized Person* with ICICIdirect
24+ Financial Products
Client Acquisition with Digital Marketing
Training & RM Support
Zero Application Fees
+ Refundable Deposit
Higher Commission
+ Referral Payouts
Research Support
Trade Racer
Option Express
Sensibull
Partner Portal & App
Trainings to
Partner’s client
Partner Upgradation
Programme
Client acquisition
support
Research Sessions
The transparent model with ICICI Securities has increased the faith of my customers in me. I don't think there could have been a better way of starting a business without huge investments than this
I strongly belive that My product - 3in-1 account is the best for any client and I always add value to the client by providnig timely service and understanding the client with respect to his financial risk, needs goals and worked accordingly
With the wide range of products offered to me by icici securities ensured enabled me to give to my customers nothing but the best!. Through this, i could cater to the ever evolving financial needs of my clients and help them achieve their financial goals.
I feel very happy to say that, I am business partner with ICICI Securities
Sub Brokership is no longer issued to new applicants by SEBI. To make the process smooth, SEBI has allowed Exchanges to grant permission to individuals, firms or corporates to register as Authorised Person (AP). They can be the intermediaries for equity investment and trade by individuals or entities. For all practical purposes both are equivalent.
"General application fees and security deposit : Rs. 75000/- , Voice Logger: 4000/-, Exchange registration fees: 2000/- per segment. Special Discounted Rates for applicants from Financial Distribution Business Apart from these if AP wishes to have his own office set up, he can acquire asset & infrastructure as per his requirement."
"Our RM will get in touch with you shortly after you fill up your details here. Once you decide to apply, our RM would provide you the application form which is required to be filled and submitted to him along with required documents. RM will then send it to the central operations team in Mumbai who will apply to exchanges like BSE & NSE as per requirement. Post approval from exchanges the registration code is intimated to you along with Node Id. You can start sourcing clients at this point of time. However to start trading, you are required to provide NISM Certificates (NISM VII for Equity and NISM VIII for Derivatives) along with user details.
Our RM will assist you in all the above."
Mandatory Display at the Outlet: There are some documents that needs to be displayed for visibility of customers vising a Authorised Person outlet. Eg. NSE / BSE Notice Board (as applicable), Customer Greivance Redressal Notification, Principal Officer , NISM Certification, NSE/BSE Investor awareness notification, Broker registration with SEBI in required segment. Registration certificate with Exchanges. Other requirements as required by the broker.
"Equity Products: Equity, Derivatives including Currency Derivatives, Commodities
Mutual Funds: MF Lumpsum & SIP
Fixed Income Products: Corporate Fixed Deposit, Bonds, FD, NCDs, IPO/FPO
Insurance: Life Insurance, General Insurance, Health Insurance.
Loan Products: Home Loan, Home Loan Top up, Loan Against Property (LAP), Lease Rental Discounting (LRD), Personal Loan, Credit Card, Auto Loan, Gold Loan, Two Wheeler Loan, Loan Against Security (LAS), Forex, Travel Cards."
Apart from Authorised Person (AP), you can join as Independent Financial Associate (IFA), Investment Associate (IA) and Loan Partner (LP). However AP has access to the widest range of products as compared to the other three. AP can only deal in equity products alongwith other fixed income and loan products.