IDBI Direct Franchise / Partner / Sub Broker Review

IDBI Direct Franchise is one of the largest broking franchise banks in the country based out of Mumbai. It is completely owned by IDBI Bank Limited and was first incorporated in 1993. Presently, it is spread across India in 24 cities. It is a registered member of NSE, BSE, MCX-SX and MCX and is also registered under SEBI.

This stock broking firm is a part of IDBI’s retail broking and distribution of services. It also gives its customers all the tools, guidance and advice to help their customers take better investment decisions and increase the ROI. Besides that, it provides several services like – Institutional Services, Retail Services, Research Services, and Corporate Advisory Services, everything a client needs to make educated investment decisions and boost their return on investment.

Types of IDBI Direct Franchise

Business associate –

A sub-broker is one of the most common business models offered by almost all broking firms to clients. For doing business under this model, the customer must have enough experience in the financial market, and the business partner is supposed to acquire new clients simultaneously. They must also serve the existing client by helping them with their trading-related problems. They can assist in executing trades on behalf of their clients, helping them with any account-related problems or providing regular research and tips.

Sub-brokers must set up an office with all required infrastructure and deposit some security money to the main broker. Hence, they can deal with all segments of services available like – equity, derivatives, currency, commodities, mutual funds, IPO etc.

Thus, IDBI Direct sub-broker can target any set of investors or traders looking to put their funds into action in one form or the other.

Online Remisier –

This is another model offered by IDBI Direct for those who want to start a business with them. A Remisier performs the duties of a sub-broker without having to set up an office or infrastructure. Their responsibility is – to search for new clients and link them to the main broker. After which, IDBI Direct does the remaining work like – calling, acquiring sanctions, servicing etc.

To start as a Remisier, no specific qualification or prior experience is required in this field. This model suits freshers or newcomers and can work as a passive revenue stream for people with regular jobs or private businesses.

Master Franchise –

This is a relatively big conglomerate and manages its own and the business of other franchises or sub-brokers around its region. It is an exclusive model and provided to a single partner in a specific geographical location.

This model suits established businesses in the stock market that have a sizable client base, experience in the domain, and understanding of the different stock market concepts. The requirements, revenue sharing, client targets, initial deposits or responsibility levels are kept at a competitive level and suit larger firms.

 Services and Offers by IDBI Direct Sub-broker

IDBI Direct provides a variety of services, which are:

  • Distribution of Financial Products
  • Portfolio Management Services
  • Investment Banking
  • Private Equity
  • Project Appraisals,
  • Debt Syndication and Funding
  • Mergers & Acquisitions

The offers provided by IDBI Direct are:

  • A flexible business model for the clients. It enables them to choose any business model according to their choice or which suits them.
  • For people who want to start a business with low investment money, IDBI Direct offers an opportunity to easily start a franchise with a broker.
  • An attractive revenue-sharing ratio is offered by the broker.
  • The main broker offers reduced margin money.
  • The brokerage rates are flexible.

The trading platforms that IDBI Direct has to offer include –

  • Web-based Trading platform.
  • EXE Based terminal.
  • Mobile Apps (developed by the finest for quick and easy trade execution).
  • Trade Over the Phone.

Brokerage Charges

The brokerage charges that are levied to the clients of IDBI Direct partners are among the lowest in the corporate world. The fees range from 0.01% to 0.04% of the overall deal value for most of their product categories. And it applies to all -Commodity Futures, Currency Futures, and Equity Intraday trading. The fee for Equity Delivery ranges from 0.05% to 0.35% of the total transaction. The fees for Equity Options and Currency Options range only from Rs. 10 to Rs. 60 per lot.

Advisory support by IDBI Direct Franchise

Advisory support is provided to the partners on what and how they should be managing their business. IDBI Direct provides this support to the partners and their employees for fast execution of orders.

 After registering with the firm, the partners are offered training on their trading platform which is free of cost. Although the partner needs to have his own personal computer/ laptop, the firm provides advertisement materials and full back-office support. IDBI Franchise also provides Research reports that are free of cost. The partners are also provided with other marketing & branding collaterals like posters, banners, brochures, etc.

Advantages of becoming partners with IDBI Direct Sub-broker:

  • It is a highly trusted organization and the brand is known to all.
  • Well-accepted and quality research.
  • Provides a wide array of trading platforms and advanced analytical tools.
  • Uses the latest technology and system for making trades easier.
  • Wide Range of trading products & services.
  • Dedicated training support.
  • Provides 3-in-1 account features (including training support).
  • Lucrative and transparent brokerage plans.
  • Provides plan commissions that are both profitable and clear for brokers
  • Transparent business policy method.

IDBI Capital is considered to be one of the most famous broking firms in the country because of the multi-partnership business opportunities that it provides to its clients.

It is easy for the firm to acquire clients and run the franchise smoothly due to its brand name, low initial investments and many more services. The trade execution through their mobile application (android) is quick and easy. And for all the terminals they charge a minimum amount of Rs. 1000.

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