Angel Broking Franchise Vs IIFL Sub Broker can be seen as one of the most sought out stockbroking partnership business comparisons in the industry.
At one end of the spectrum is conventional and well-established full-service stockbroker – Angel Broking and on the other end, there is IIFL that has been around as an investment house with multiple propositions such as a top trading mobile app in the form of IIFL Markets, quality research and so on. Having said that, both these brokers compete on the offline presence front big time with Angel Broking having 11,000+ offline locations while IIFL has around 4500+.
With both the stockbrokers opening up sub-brokers and other partnership models for potentially interested parties, it’s interesting to understand which of these two has a better deal to offer.
Angel Broking Franchise Vs IIFL Sub Broker Basics
Let’s have a deeper look into their respective business partnership propositions where we explore information on their:
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- Company Background
- Business Models
- Revenue Sharing
- Initial Costing
- Office Set-Up Requirements
- Broker Support
- Broker Offers
- Account Related Charges
- Brokerage
- Overall Ratings[/su_list]
By the end of this Angel Broking Franchise Vs IIFL Sub Broker comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
Angel Broking Franchise Vs IIFL Sub Broker Comparison
| Broker/Comparison Entity |  |  |
| Overview | ||
| Company Type | Private | Private |
| Broker Type | Full-Service (Hybrid) | Full-Service |
| Founded In | 1987 | 1995 |
| CEO | Vinay Aggarwal | Karan Bhagat |
| Headquarters | Mumbai | Mumbai |
| Sub Broker Activation Duration | 3-4 Business Days | 3-4 Business Days |
| Payout Frequency | 30 Days | 30 Days |
| Network Strength | 11000+ | 4500+ |
| Active Clients | 4 Lakh+ | 2.3 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.05% | 0.06% |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise | | |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner |  | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 40% to 80% | 50% to 75% |
| Franchise | 40% to 80% | 50% to 75% |
| Master Franchise | 60% to 85% | 60% to 85% |
| Remisier | 30% to 50% | 10% to 20% |
| Referral Plan | 10% | 10% |
| Entrepreneurial Partner | NA | 20% to 40% |
| Initial Costing | ||
| Sub Broker/Authorized Person | ₹50k to ₹2 Lakh | ₹50,000 to ₹200,000 |
| Franchise | ₹50k to ₹2 Lakh | ₹50,000 to ₹200,000 |
| Master Franchise | ₹1 Lakh to ₹3 Lakh | ₹200,000 to ₹400,000 |
| Remisier | ₹10k to ₹20k | ₹0 |
| Referral Plan | ₹0 | ₹0 |
| Entrepreneurial Partner | NA | ₹0 |
| Office Set Up Requirements | ||
| Office Area | | |
| Employees | | |
| Internet Connection | | |
| Trading Terminals | | |
| Call and Trade Facility | | |
| Telephone Support | | |
| Research and Tips | | |
| Client Visit Facility | | |
| Broker Support | ||
| Marketing Collaterals & Campaigns | | |
| Trading Assistance | | |
| Research & Advisory | | |
| Back Office Support | | |
| Sales and Acquisition Training | | |
| Trading Platforms Training | | |
| Initiative Seminars/Webinars | | |
| Broker Offers | ||
| Zero Deposit Trading Account | | |
| Free Demat Account | | |
| Referral Bonus | | |
| Brokerage Cashback | | |
| Flexible Revenue Sharing | | |
| No Cost Sub brokership | | |
| Offsite Programs for Top Partners | | |
| Account Related Charges | ||
| Demat Account Opening | ₹0 | ₹555 |
| Demat Account Maintenance | ₹450 | ₹300 |
| Trading Account Opening | ₹0 | ₹750 |
| Trading Account Maintenance | ₹0 | ₹0 |
| Trading Platform Charges | ₹0 | ₹0 |
| Brokerage | 9340543371 | 9340543371 |
| Equity Delivery | ₹15 Per Executed Order | 0.50% |
| Equity Intraday | ₹15 Per Executed Order | 0.05% |
| Equity Futures | ₹15 Per Executed Order | 0.05% |
| Equity Options | ₹15 Per Executed Order | 1% of Premium or ₹100/- per lot whichever is higher |
| Currency Futures | ₹15 Per Executed Order | 0.05% |
| Currency Options | ₹15 Per Executed Order | 1% of Premium or ₹100/- per lot whichever is higher |
| Commodity | ₹15 Per Executed Order | 0.05% |
| Overall Ratings | ||
| Broker Background |  | |
| Business Models |  | |
| Revenue Sharing | | |
| Initial Costing | | |
| Office Set Up Requirements | | |
| Broker Support | | |
| Broker Offers | | |
| Account Costing | |  |
| Overall Partnership Rating | | |
If in case you need help in getting started with your stockbroking business or you want to become a sub-broker with any of the prominent stockbrokers, let us assist you in taking the next steps forward:
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