Does the Authorised Person share brokerage with the stock broker?

Yes, an Authorised Person (AP) typically shares brokerage with Share India. The exact sharing ratio depends on the agreement between the AP and Share India Securities.

This arrangement forms the core of the AP’s compensation model. Instead of receiving a fixed salary, the AP earns a portion of the brokerage generated from the trades executed by their clients. This revenue-sharing model incentivises the AP to attract and retain clients, as their earnings are directly tied to the volume and value of trades they facilitate. The brokerage sharing agreement outlines the percentage split, which can vary based on factors such as the AP’s performance, client base, and the specific market segments they operate in. This arrangement allows both the stockbroker and the AP to benefit from increased trading activity, creating a mutually beneficial partnership. The agreement is a legal document that should be carefully reviewed by any individual who wishes to become an authorised person.

If you have any questions or need further support, don’t hesitate to contact Share India’s support team. You can reach us at 18002030303 or email us at support@shareindia.com.