Become an Authorized Person with ICICIdirect

  • Trusted brand name - Awarded India's Best Retail Broker*

  • Best Risk Management Services as a Bank Broker

  • Seamless digital sourcing & servicing of clients

  • Partner App - Get advanced customer analytics, statements, initiate transaction, push messages.

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  • Immediate Demat & fund credit ensures transparency & safety for clients

  • Competitive Revenue Sharing

  • Exclusive Data Analysis & Research Recommendations

  • 'Trade Racer', a robust trading platform exclusively for traders

  • Get advanced trading strategies through Sensibull

  • No practical requirement of maintaining any back-office

  • RM Support for Training & Client Engagement

  • Marketing Collaterals: To help you grow your business.

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Our Awards

  • Outlook Money Awards

    Best Retail Broker of the year 2018,'16,'15

    Best e-Brokerage house of the year 2014,13,'12,'11,'09,'07

  • UTI CNBC TV 18 Financial Advisory Award

    Best Performing National Financial Advisor Equity Broker 2018,'17,'15

  • D&B Equity Broking Awards

    ^The Largest Equity e-Broking House and The Best Equity Broking House in the Cash Segment 2015,'14,'13,'12

Qualification Criteria

Qualification Min 10+2
Age 20 years and above
Experience Financial products distribution, Equity Broking, Trading
Office Preferable, not mandatory
Certifications NISM VII, VIII, I, NISM VA (For Mutual Funds)
Registration & Other Fees Up to ₹1 lac

FAQs on Authorized Person

What is the difference between Sub Broker and Authorised Person?

Sub Brokership is no longer issued to new applicants by SEBI. To make the process smooth, SEBI has allowed Exchanges to grant permission to individuals, firms or corporates to register as Authorised Person (AP). They can be the intermediaries for equity investment and trade by individuals or entities. For all practical purposes both are equivalent.

How much is the total Investment required for becoming an Authorised Person?

Application Fees and Security Deposit : Rs. 75000/- , Voice Logger: 4000/-, Exchange registration fees: 2000/- per segment. Apart from these if AP wishes to have his own office set up, he can acquire asset & infrastructure as per his requirement.

How do I join as an AP?

Our RM will get in touch with you shortly after you fill up your details here. Once you decide to apply, our RM would provide you the application form which is required to be filled and submitted to him along with required documents. RM will then send it to the central operations team in Mumbai who will apply to exchanges like BSE & NSE as per requirement. Post approval from exchanges the registration code is intimated to you along with Node Id. You can start sourcing clients at this point of time. However to start trading, you are required to provide NISM Certificates (NISM VII for Equity and NISM VIII for Derivatives) along with user details.

Our RM will assist you in all the above.

What are the regulatory requirements for becoming an Authorized Person?

Mandatory Display at the Outlet: There are some documents that needs to be displayed for visibility of customers vising a Authorised Person outlet. Eg. NSE / BSE Notice Board (as applicable), Customer Greivance Redressal Notification, Principal Officer , NISM Certification, NSE/BSE Investor awareness notification, Broker registration with SEBI in required segment. Registration certificate with Exchanges. Other requirements as required by the broker.

What all Products can I offer to my Clients with ICICIdirect as an Authorized Person?

Equity Products: Equity, Derivatives including Currency Derivatives, Commodities

Mutual Funds: MF Lumpsum & SIP

Fixed Income Products: Corporate Fixed Deposit, Bonds, FD, NCDs, IPO/FPO

Insurance: Life Insurance, General Insurance, Health Insurance.

Loan Products: Home Loan, Home Loan Top up, Loan Against Property (LAP), Lease Rental Discounting (LRD), Personal Loan, Credit Card, Auto Loan, Gold Loan, Two Wheeler Loan, Loan Against Security (LAS), Forex, Travel Cards.

Are there any other Partnership Opportunity apart from AP?

Apart from Authorised Person (AP), you can join as Independent Financial Associate (IFA), Investment Associate (IA) and Loan Partner (LP). However AP has access to the widest range of products as compared to the other three. AP can only deal in equity products alongwith other fixed income and loan products.