Earn from 9 revenue streams
Transparent payouts. No conditions
Global brand, easy to sell
Lowest client rates, yet higher revenue
Unlimited, Unbelievable
Revenue Sharing
100% sharing across all segments
80% sharing over 9.99%
80% sharing over 11.99%
Our Partner program offers unbelievable pricing, a seamless tech platform for an enhanced experience for you and your clients. It also gives you full control and ownership, reducing dependency on us. For detailed payout terms, click here
Unique Benefit: Customise the Margin Pledge interest rate from 11.99% to 24%.
Account Opening Fee
Opportunity to charge up to ₹9,999
Anything above ₹500 is 100% yours!
Account Maintenance Charges (DP AMC) Charge up to ₹4,999 - Earn 100%
Pledge, unpledge charges (MTF, Margin Pledge)
Choose from our standard plans – Earn 20%
Or customise and Earn 100%
Partnering with us has a lot of advantages for your business. See, what’s in it for you.
Create customised brokerage plans as a one-time activity, for all future onboarding of your clients. Choose from Discount, Traditional or Hybrid models. Customise interest rates, DP charges and more, for your clients’ varied needs and maximise your earnings.
Do it for your client
on their behalf and share link with
them only for documentation
Share joining link
with your clients and let
them do it themselves
Upload list for bulk onboarding
and get multiple clients onboarded
in one go
with 25+ years of experience across 19 countries
with best brokerages and interest rate plans
with zero disparity irrespective of your business size
across 9 income generating streams
with visibility on clients app and web trading platforms
for you
clocking 25 lakh+ trades per day
Note: Client will get onboarded with your default pricing plan. In case you wish to change the default plan or create a new plan, LOGIN
Authorised persons (formerly known as sub-brokers) provide access to trading platforms and assistance for investments between stockbrokers and clients. The APs are registered with the NSE and BSE and they work as agents of stockbroking houses to create an advanced business network for them.
An AP can be an individual, partnership firm, LLP, or a corporate entity.
The primary responsibility of an Authorised Person is to register clients and assist them with their trading requirements. They provide support in buying, selling securities and have the authority to trade on behalf of the clients, with prior permission.
Individual: A resident of India, above 18 years of age.
Partnership firm: A firm that is registered under Indian Partnership Act, 1932.
LLP: A firm that is registered under the Indian Limited Liability Partnership Act, 2008.
Corporate: A firm that is registered under the Indian Companies Act, 1956.
No, HUF can't get registered as an AP. In order to become an AP, one must be either an individual, a partnership firm, a LLP or a Corporate entity.
No, a Director or Partner of an existing AP registered firm cannot register as a new Authorised Person in any capacity.
The eligibility criteria for an individual to become an AP is listed below.
The eligibility criteria for a Partnership firm to become an AP is listed below.
The Authorised Person must have an adequate office space, equipment, manpower and other infrastructural facilities, which the Exchange can prescribe from time to time, in order to effectively service their clients on behalf of the stockbroker.
No, they are not mandatory requirements.
As a part of the registration process, to become an AP, a Partnership firm needs to submit the Registration of Firm (ROF) certificate along with the partnership deed.
No, the agreement is required to be signed only between the stockbroker and the Authorised Person in the format which has been prescribed by the Exchange vide circular no. 705 (download ref. no. 13601) dated December 3, 2009.
Yes, however, whilst applying for appointment of Authorised Person, the uploaded agreement should be strictly as per the format prescribed by the Exchange.
No, if you are an existing sub-broker with SEBI then you would first need to get your sub-broker registration cancelled. Once that is done, you can then apply to become an Authorised Person (AP) with the exchange.
No, an Authorised person can be affiliated with only one stockbroker at any given point of time.
No, you would first need to cancel your AP registration done through the current stockbroker. Once that is done, you would need to apply for a new AP registration via the second stockbroker that you desire to get associated with.
Yes, an Authorised Person is allowed to have multiple offices.
Yes, if the partner’s or director's name is mentioned as an authorised signatory passed by the company's board of members or mentioned in their Partnership deed / LLP agreement, then they can eSign on behalf of the firm. A letter should be submitted on firms letterhead and mentioning the purpose of AP registration.
If you are already registered as an AP with another stockbroker, then you have three ways to join Mirae Asset Partners:
Mirae Asset runs an affiliate program where you can introduce your community or clients to m.Stock and earn lucrative commissions on each new customer account opened.
Security deposit: ₹50,000 (Refundable)
Document handling charges: ₹1,500 (eFranking & eSign charges)
One-time Exchange Registration Charges:
| AP registration charges | |||||
|---|---|---|---|---|---|
| Exchange | Segment | Fee (₹) | GST rate | GST amount | Total charges (₹) |
| NSE | Capital Market | 5,000 | 18% | 900 | 5,900 |
| NSE | F&O | 5,000 | 18% | 900 | 5,900 |
| BSE | Capital Market | 4,000 | 18% | 720 | 4,720 |
| Total Registration charges | All Segments | 14,000 | 18% | 2,520 | 16,520 |
AP Annual Maintenance Charges effective from April 2024:
| NSE-AMC | All Segments | 5,000 | 18% | 900 | 5,900 |
| BSE-AMC | All Segments | 4,000 | 18% | 720 | 4,720 |
| Total AMC | NSE&BSE | 9,000 | 18% | 1,620 | 10,620 |
We will intimate you once the
program is launched. Stay tuned!
Tell your friends about the unique benefits of Mirae Asset Partners and give them a chance to be part of first 1000 partners.
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