Difference between Remisier Vs Sub-broker
- 13th August 2025
- 10:30:00 AM
- 6 min read
Due to the increasing regulatory compliance, there are more than 2,00,000 sub-brokers or Authorised Persons registered with both the stock exchanges in India.
If you are new to the world of the stock market, you have undoubtedly heard of the professions of ‘sub-broker’ and ‘remisier.’
While they both help investors in trading, remisiers and sub-brokers are not the same. This blog differentiates remisiers vs sub-brokers by highlighting their benefits and drawbacks.
Who is a Remisier in the Stock Market?
A main job of a remisier in the stock market is to attract and hire clients for a registered stockbroker. Remisiers act as independent agents who get a commission from the stockbrokers. They receive a percentage of the sales earnings of brokers. Remisiers have to enlist with a stock exchange so that the brokers can hire them.
Who is a Sub-Broker in the Stock Market?
A sub-broker works under a stockbroker and also brings in clients. They place their trades on their behalf. However, the Securities and Exchange Board of India (SEBI) discontinued the registration of sub-brokers from 2018. From 2019, all the existing sub-brokers were mandated to be an ‘Authorised Person’.
Sub-brokers assist customers in opening Demat accounts and provide investment advice. They receive a portion of the brokerage fees as commission in exchange.
Key Differences Between Remisier and Sub-Broker
Despite both being essential in the stock market, their duties differ. The table below clears your confusion by highlighting the key differences between remisiers vs sub-brokers:
| Parameters | Remisier | Sub-broker |
| Responsibilities | Brings in clients for brokers. | Manages clients under a broker. |
| Registration | Remisiers do not have to be registered under SEBI. | Sub-brokers are registered under the stock exchanges like NSE and BSE. |
| Services offered to clients | Only refer to clients. | Provides full support to clients, from account opening to placing trades. |
| Income | Commission | Percentage of brokerage fees |
| Platform access | No | Yes |
| Set up | A remisier functions more like an agent than a full-fledged enterprise and does not have an office. | Sub-brokers operate like brokers’ branches. They set up support staff and offices to effectively handle consumers. |
| Tie-up | Only referral-level tie-up. | Deeper tie-up with brokerage. |
| Best for | Individuals seeking passive income. | Those looking to expand their clientele. |
Benefits and Drawbacks of Becoming a Remisier
Remisiers have to take responsibility for bringing in new clients. Have a look at the top benefits and drawbacks of becoming a remisier:
Benefits
- Remisiers must possess the skills of opinion leadership, persuasion skills, and frequent financial guidance. However, honing these skills can help succeed in finance.
- You can start your business right away, unlike many income alternatives that need time or financial commitment.
- You are able to broaden your offerings in the financial market as a remisier.
Drawbacks
- Since remisiers only earn commission, their earnings are lower than those of other service providers like sub-brokers.
Benefits and Drawbacks of Becoming a Sub-Broker
Sub-brokers (now recognised as Authorised Persons) provide a wide range of services to clients and earn a percentage of brokerage fees from the broker. Here are the benefits and drawbacks of becoming a sub-broker:
Benefits
- The minimum investment to become a sub-broker is minimal.
- Since they receive a percentage from the brokerage when their clients trade online, sub-brokers have a high chance of making a profit.
- To assist his clients in executing their trades, a sub-broker utilises a broker’s trading platform. As a result, a sub-broker has far more interaction with a broker than a remisier does.
Drawbacks
- Sub-brokers must work diligently to differentiate themselves from the competition and demonstrate to their clients what they offer that is unique.
- Stock market fluctuations may affect investor confidence and online trading activity, potentially impacting the sub-broker’s share of revenue.
Remisier vs Sub-Broker: Which One is Better for You?
Based on the key differences between remisiers vs sub-brokers, and their benefits and drawbacks, whether you become a sub-broker or remisier is totally depends on you.
A sub-broker frequently operates under the control of a broking firm, with access to the resources that the broker uses. You can increase your income and have access to market research studies. The drawback is that it requires a great deal of commitment and effort. Meanwhile, as a remisier, you do not have to give that level of dedication.
As a sub-broker, you will be in charge of purchasing, developing, overseeing, and even providing clients with after-sales services. Remisiers are not obliged to do all of these.
Final Thought
Understanding the differences between remisiers vs sub-brokers is crucial to choosing a profession between these two. While sub-brokers are responsible for offering a wide range of services like trading, financial advice, and client acquisition, remisiers only bring in clients for a broker.
For more assistance, you can download the PL Capital – Prabhudas Lilladher application. PL Capital offers a wide range of services and financial advice with more than 80 years of experience in this field.
Frequently Asked Questions
1. What are the key differences between remisier vs sub-broker?
The key differences between remisiers vs sub-brokers are that sub-brokers manage clients under a broker, and remisiers bring in clients for a broker. Additionally, sub-brokers earn a specific percentage of the brokerage fees, and remisiers earn commission.
2. Remisier vs sub-broker: Who can earn more?
Remisiers earn a commission from brokers, and sub-brokers receive a significant portion of the brokerage fees. As a result, sub-brokers earn more than remisiers.
3. Can remisiers change their profession to sub-brokers?
Yes, remisiers can change their profession to sub-brokers. They need to meet some specific eligibility criteria and have working capital to do so.
4. What are the compliance requirements for remisiers and sub-brokers?
Remisiers must meet some specific requirements set by the SEBI, like educational qualification and a clean record. Sub-brokers also meet some compliance requirements set by the stock exchanges.
PL Blog
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
