Broking
Overview
Wealthy offers a full broking platform allowing partners to open client Demat accounts and earn from stock trading activity. This helps partners defend clients from migrating to Zerodha/Groww by offering stocks and broking alongside MFs.
Products Available
- Stocks — Equity delivery and intraday
- IPO — Apply for IPOs through the platform
- ETFs — Exchange Traded Funds
- Futures & Options — Derivatives trading
- Wealthcase Baskets — Curated portfolios by SEBI-registered RIAs
- Wealth Signals — Research-backed trading calls
Pricing Plans
Partners can open client demat accounts for free. Three pricing plans are available — your default plan is used for future clients, but you can override per client via the Flexi Brokerage Plan.
| Segment | Default (3/30) | Plan 2/20 | Plan 1/10 | Discount |
|---|---|---|---|---|
| Equity Delivery | 0.30% | 0.20% | 0.10% | 0.10% or ₹15/order, whichever is lower |
| Equity Intraday | 0.03% | 0.02% | 0.01% | 0.10% or ₹15/order, whichever is lower |
| Equity Futures | ₹25/order | ₹25/order | ₹25/order | ₹15/order |
| Equity Options | ₹25/order | ₹25/order | ₹25/order | ₹15/order |
Flexi Brokerage Plan
Set different brokerage rates for each client based on their needs. Useful when you have a mix of high-volume traders and infrequent investors and want to price each appropriately.
Partner Earnings
Authorised Person (AP)
- Higher payouts and better incentives
- ₹200 per account activation + ₹400 for ₹5K margin target
Non-Authorised Person (no ARN linkage for broking)
- 35% revenue sharing of brokerage
- Up to ₹200 account activation incentive
- Can boost earnings by becoming an Authorised Partner
Account Opening Incentives (Feb 2026)
| Target | Authorised Person | Non-Authorised Person |
|---|---|---|
| Broking Account Activation | ₹200 | ₹200 |
| ₹5K Margin | ₹400 | ₹0 |
- All incentives are independent (KYC + ₹5K margin = ₹600 total for AP)
- Calculated monthly, released monthly
- KYC incentive paid by 15th of next month
- Margin incentive paid after 15th of the following month
Incentive Terms
- New account openings only — existing accounts not considered
- Minimum qualification: 10 accounts opened + 4 activated (₹5K margin + 1 trade) in total
- Margin must be maintained for at least 1 month post cutoff date
- Revenue sharing: monthly basis, brokerage payout on 15th of month for preceding month
Becoming an Authorised Person (AP)
An Authorised Person (AP) is appointed by a stockbroker to connect with clients, assist in onboarding, and provide trade-related support.
How to Become an AP
- Submit Documents — PAN, Aadhaar, qualification proof, residential and office address proof, affidavit (for any name change), Certificate of Incorporation or Memorandum & Articles of Association (for corporates), bank account details for fee transfer
- Sign the Agreement — Review and sign the agreement provided by Wealthy
- Registration Assistance — Wealthy assists with NSE / BSE registration
AP status unlocks higher payouts and better incentives compared to Non-Authorised Person status.
One-Time AP Registration Fees
| Item | Amount |
|---|---|
| Refundable Deposit — NSE only | ₹6,250 |
| Refundable Deposit — NSE + BSE | ₹12,500 |
| NSE Cash exchange registration | ₹5,900 |
| NSE Derivatives exchange registration | ₹5,900 |
| BSE Cash exchange registration | ₹4,720 |
| BSE Derivatives exchange registration | ₹4,720 |
| Stamp paper (NSE & BSE) | ₹1,000 |
| Processing charges | ₹260 |
| Total (registration + stamp + deposit) | ₹35,000 (incl. GST) |
Deposits are refundable if the AP discontinues the business.
Annual AMC
| Exchange | Annual AMC |
|---|---|
| NSE | ₹5,000 + GST |
| BSE | ₹4,000 + GST |
Bank Details for AP Registration Fee
| Field | Detail |
|---|---|
| Account name | WealthyIN Broking Private Limited |
| Account number | 57500000931844 |
| Bank branch | HDFC — Bengaluru, Richmond Road |
| IFSC | HDFC0000523 |
| UPI | WEALTHYINBPL@hdfcbank |
After payment, share payment details and scanned documents to compliance@wealthy.in with subject “New AP Registration”.
Key Selling Points
- Defend your clients — If you don’t offer stocks, clients go to Zerodha/Groww and eventually move MFs there too
- Free Demat account opening — No cost barrier for clients
- Competitive pricing — Two flexible plans
- One platform — Clients manage MFs, insurance, AND stocks in one place