December 2, 2023

How to Become a Sub Broker in 5paisa?

5paisa – quite a quirky name is also one of the fastest-growing discount brokers in the industry. A business partnership with the broker is being considered a hot commodity right now. Make the most of the chance now and learn how to become a sub broker in 5paisa.

The prices in the stockbroking industry have been a problem for many investors, and this situation gave rise to many of the discount brokers in the industry.

Just like them, 5paisa is a discount broker offering Demat account services at zero brokerage.

The plan has seemed to work wondrously for the broker as it has been subscribed by over 7.9 Lakh customers.

It goes without saying that the broker has managed to attract those customers on the backing of excellent trading services.

The broker is registered with some of the biggest stock exchanges of the country – NSE, BSE, and MCX.

This allows the 5paisa demat account holders to invest in a number of investment products such as equity, derivatives, currency, commodity, IPOs, etc.

The broker has stirred quite a storm in the industry and is being touted as one of the fastest-growing brokers in terms of market share. Likewise, it is the best time to become a sub broker in 5paisa.

Here in this article, we will be turning our attention to learning about the various aspects such as the eligibility criteria, associated costs, documents involved in the sub broker registration process.

But, first, we will take a look at the sub broker model offered by the broker. 

5paisa Sub Broker Model

The broker in a bid to generate more awareness about their brand and services offers business partnerships. Further, these partners help in extending the reach of the broker at a more local level.

5paisa does not offer a franchise model business partnership but only a Remisier kind of sub broker model. Here the main responsibility of the sub broker is to refer the broker to their connections. 

This model does not require any sort of investment from the individual’s end. Individuals will just have to open an account with the broker and start referring their friends to the broker. 

You just have to refer to connections, later the broker manages the rest of the process on their own. 

Under this model, the sub broker earns a 50:50 commission of the brokerages for each customer that joins through your reference.

The commission rates capped at 50% can prove to be a problem for some individuals who have enough capacity to grow in a short period of time.

There are a lot of brokers in the industry that can offer a way bigger and better commission. However, the broker has many exciting facilities that make the prospect of sub-brokership with 5paisa a sweet deal. 

5paisa Sub Broker Process

The broker believes in extending ease in registering as a sub broker. The 5paisa sub broker registration process is a pretty simple process.

An individual will have to follow the below-mentioned steps:

  1. To kickstart the registration process, simply fill in the below-given form. Provide us with basic details such as your Name, Contact Number, City to initiate the process.

  2. We will arrange for a telephonic interview with a representative from the nearest 5paisa branch.
  3. During the interview, you will be asked to share your business objectives, your background details. You need to make an impact on the business executive on the telephonic interview to take the process further.
  4. If the interview goes well. Later, the 5paisa representative will negotiate an appointment with you to take the process further.
  5. You will be provided with the commission rates of the 5paisa sub broker models. They will share details such as the initial investment amount, charges responsibilities of a sub broker, etc.
  6. Later you can set up a meeting with the executive at a location and you will need to submit the necessary documents.
  7. The submitted documents will be sent for verification.
  8. Once the documents get verified, you will be provided with the 5paisa Sub Broker account toolkit. This toolkit will contain your account credentials such as the login ID and password which can be used for setting up your account.

5paisa Sub Broker Eligibility

There are some sub broker eligibility criteria that an individual must fulfill in order to become a sub broker. 5paisa, too, has a well-defined sub broker eligibility criteria.

Before proceeding to the sub broker registration process, it is good to have a look at the requirements listed by the broker. 

Following is the list of eligibility criteria to become a sub broker with the discount broker:

SEBI registration certificate.

The applicant should be 21 years old or older. 

The applicant should at least have studied till the 10th standard. The individual will need to and have SSC (Secondary School Certificate). Further, a degree in finance will be preferred.

Individuals already working in finance-related companies. Or the stock market minimum of 1 – 3 years of experience in the financial market.

The applicant has a NISM certificate for every financial product that you want to distribute. 

5paisa Sub Broker Charges

The charges associated with the Sub broker business model of 5paisa are one of the major aspects that individuals take into consideration while searching for a business association in the stock market.

You might get scared off by some of the charges. 

However, the 5paisa sub broker is one of the biggest appeals of partnering with the broker. Here, the individual will not have to make any sort of investment. 

The sub broker model is the perfect opportunity for business enthusiasts to begin their business operations without spending a penny out of your pocket. 

The referral sub broker model offered by the broker does not need any infrastructure costs or any security deposit to be paid upfront at the time of registration. You won’t find a better deal than this one across the industry. 

Under this model, the individual can work from anywhere at anytime from a place of their own choice. The sub broker is not bound by any restrictions of having to operate from a specific branch or office. 

You begin referring the broker from the comfort of your home. You can enroll in this sub broker model by just simply filling in the SEBI registration form.

Documents for 5paisa Sub Broker

The sub broker registration process requires an individual to maintain proper documentation.  Individuals will have to submit these documents during the registration process. 

The list of documents as mandated by 5paisa for sub broker registration are listed below:

📑 Identification Proof – PAN card, Aadhaar Card, Voter ID Card, Passport, Driving License.

📑 Address Proof – Aadhaar Card, Voter ID, Driving License, Rent Agreement, Passport, Hostel Address, Electricity Bill, Phone Bill.

📑 Qualification Proof – 10th Marksheet, Copy of Graduation certificate, NISM certification

📑 Age Proof – Aadhaar Card, Driving License, Voter ID Card, or other valid certificates where age is mentioned.

📑 SEBI Registration Certificate 

📑 Passport Size Photographs


As per recent developments, 5paisa is one of the fastest-growing stockbrokers in the market. The discount broker ensures quality trading services and runs many exciting offers from time to time. 

The broker allows investment opportunities in multiple investment products. Despite being in the industry for just over 5 years, the broker has already aggregated nearly 8 lakhs customers

These huge strides made by the broker have not gone unnoticed as a large number of business enthusiasts are beginning to express their interest in becoming a sub broker in 5paisa.

The Sub broker offers only one business partnership model. So, individuals don’t really have much choice in that regard.

Moreover, the broker does not have a franchise sub broker model but only a referral-based model.

The individual will earn by referring the broker to their connections and earn revenue for every account that the broker opens through your referral.

The commission rates under this model are capped at 50%, which is pretty low as per industry standards.

Still, the overall prospect is made better by its multiple features like quick onboarding process,  support team to help you at each step, and assisting customers in setting up their accounts. 

The registration process requires the individual to submit some documents and fulfill eligibility criteria to become a sub broker in 5paisa. 

The biggest advantage of a business partnership with the broker is that you would not need to make any sort of investment. The individuals can begin to earn by simply opening an account with the broker.

So, if you Interested in a sub broker partnership with the broker? Let us assist you in taking the process further. 

Simply fill in the details mentioned in the form below 


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