Difference AP and Sub-broker

What is the difference between sub-broker and Authorized person . Actually i want to open a franchise of a good broking house but they told me they can let me there authorized person (AP) as it will cost me less to open the bussiness . Plz help me and say the difference in between sub-broker of any broking house like religare etc and AP . Plz it is urgent


Well-Known Member
Difference is that sub broker has to pay more in terms for cost and infrastructure and gets more profit sharing than AP

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