Angel One is one of the better-known names in India’s retail broking market, and its sub broker model is mainly run through the Authorised Person route. In simple language, this means you work as a business partner of Angel One. You bring clients, help them open accounts, support their trading and investment journey, and earn commission from the brokerage generated by those clients.
The word “sub broker” is still commonly used, but Angel One itself also uses the term Authorised Person, describing it as the earlier sub-broker model. Its partner page says an authorised person helps investors access stocks, derivatives, mutual funds, commodities and other investment avenues through Angel One’s platform.
Angel One Sub Broker Franchise Model
Angel One’s franchise model is not like a normal shop franchise where you simply pay a brand fee and start selling a product. It is a financial-services partnership. Angel One provides the brand, trading platform, infrastructure, training, technology support, marketing support and back-end systems. The authorised person focuses on client acquisition and relationship management.
Angel One’s own business-model page explains that the broker provides brand and infrastructure support, while the authorised person receives a share of the brokerage earned from client transactions. This makes the model suitable for people who already have a local network, finance background, trading knowledge, or the ability to build trust among investors.
Angel One Franchise Fee: How Much Investment Is Required?
Angel One’s public educational pages mention that the initial deposit with the principal broker can range from ₹50,000 to ₹3 lakh. This is described as a one-time cost for obtaining the licence or business arrangement to work as a sub broker or authorised person.
Another Angel One page on minimum investment also mentions that the initial refundable deposit generally ranges between ₹50,000 and ₹3 lakh. It further explains that this deposit is made to the main broker and is treated as a capital investment.
So, for a practical estimate, a beginner should keep the following amount ready:
- Minimum practical starting range: ₹50,000 to ₹1 lakh
- Standard working range: ₹1 lakh to ₹3 lakh
- With office and staff setup: ₹2 lakh to ₹5 lakh or more
The exact amount can vary depending on your city, business model, segment selection, client base, and Angel One’s current partner terms.
Registration and Setup Cost
Apart from the refundable deposit, there can be registration and setup expenses. Angel One’s article on starting a sub broker business mentions registration fees of around ₹15,000 to ₹20,000 with the broker or exchange.
However, another Angel One page mentions a one-time registration expense of ₹2,000 plus GST, and ₹1,000 plus GST for NCDEX. Because different pages may refer to different segments, time periods, or registration types, the final figure should be confirmed directly with Angel One’s partner team before payment.
You may also need money for basic equipment. Angel One mentions possible expenses such as computers, workstations, television, office rent, salary, telephone, electricity and miscellaneous office expenses. But Angel One also promotes “zero office expense” as one of its partner benefits, which means a small or digital-first model may be possible for some partners.
Angel One Commission Structure
The main attraction of the Angel One sub broker model is commission sharing. Angel One’s authorised person business-model page says commissions can range between 50% and 70% of brokerage, depending on experience, useful contacts, client list and business potential.
Another Angel One income page also says Angel One pays commission between 50% and 70%, and gives an example where a brokerage amount of ₹500 may give the authorised person ₹250 to ₹350 depending on the agreed share.
Angel One’s older authorised-person earning article gives a similar example: if brokerage on a ₹10,000 order is ₹20, the authorised person may get around ₹10 to ₹14, based on a 50% order-based or 70% volume-based structure.
One Angel One eligibility page also says Angel One provides a flat 70% commission to authorised persons. Because public pages mention both “50% to 70%” and “flat 70%,” the safer way to write it is this: Angel One’s commission structure can go up to around 70%, but the final payout depends on the agreement, business volume and partner category.
How Angel One Sub Brokers Actually Earn
The income comes mainly from brokerage generated by clients. Suppose your clients trade regularly and generate ₹1,00,000 brokerage in a month. If your agreed commission share is 50%, your gross earning may be ₹50,000. If your share is 70%, your gross earning may be ₹70,000.
But gross earning is not net profit. From this, you may need to cover rent, staff salary, internet, local marketing, phone bills, travel, office expenses and taxes. A person working from home or through a digital model can save more, while a full office franchise will have higher expenses.
Angel One Brokerage Change and Its Impact
Commission income depends on the brokerage charged to clients. So any change in Angel One’s brokerage pricing can affect sub broker earnings. Angel One announced revised pricing effective November 17, 2025, including changes in delivery, intraday and pledge-related charges under certain plans.
This is important because if client brokerage changes, the authorised person’s commission base may also change. So, before joining, one should ask Angel One for the latest brokerage plan, commission calculation method, payout cycle and deductions.
Benefits Offered by Angel One
Angel One highlights several benefits for partners, including high revenue sharing, an easy-to-use partner dashboard called NXT, a dedicated relationship manager, zero office expense, technology support, marketing support, branding support and training.
These things matter because in the sub broker business, income does not depend only on commission percentage. It also depends on how easily clients can open accounts, how smoothly the trading platform works, how fast support issues are solved, and how much business support the broker provides.
Final View
Angel One’s sub broker franchise or Authorised Person model can be started with an estimated deposit range of ₹50,000 to ₹3 lakh, while total practical investment may go higher if you set up an office. The commission structure is publicly shown in the range of 50% to 70%, with some Angel One material also mentioning flat 70% commission.
For beginners, the Angel One model can be attractive because of its brand name, technology, training support and revenue-sharing potential. Still, the final decision should be made only after checking the latest agreement, deposit refund rules, registration charges, payout cycle, brokerage plan, hidden deductions and termination terms. In this business, the highest commission is not always the best deal; the best deal is the one that gives stable support, clean payouts and long-term client trust.
