Who is Sub broker and how can the broker helps to gain in share market
A ‘Sub–Broker‘ is any person who is not a Trading Member of a Stock Exchange but who acts on behalf of a Trading Member as an agent or otherwise for assisting investors in dealing in securities through such Trading Members.
An Authorized Person or Sub Broker is a concept where any SEBI registered Stock Broker can provide its franchise to any company or person who is willing to follow all rules & regulations of SEBI & have good network of investors to act as a sub broker on behalf of the franchiser.
The Products, Services, Offers etc. served by the franchisee are same as offered by the franchiser. Not only this, the Franchisee can also provide extra benefit to their clients which are not offered by the Franchiser. This business works as brokerage sharing model where the Franchisee generally keeps maximum share & franchiser gets low share.