--- title: How to Become an Authorised Person (AP) in India description: Become an Authorised Person (AP) with a SEBI-registered broker: eligibility, NISM certification, registration through the exchange, earnings, and the… url: https://www.brokerwhitelabelsolution.com/blog-authorised-person-india language: en publisher: Broker White Label Solutions --- # How to Become an Authorised Person (AP) in India and Start Your Broking Business By Broker White Label Solutions Team · Published 20 October 2026 · 7 min read **Quick answer** An Authorised Person (AP) is appointed by a SEBI-registered stock broker to bring in and service clients under the broker's membership, sharing in the brokerage those clients generate. It replaced the older sub-broker category. To become an AP you need to be at least 18, meet basic education and integrity requirements, hold NISM certifications for the segments you will serve, sign an agreement with a broker and be approved through the stock exchange. It is one of the most accessible ways to start a broking business in India. **Key takeaways** - The Authorised Person model is a legal, low-investment way to start in broking in India. - APs work under a SEBI-registered broker and earn a share of the brokerage from their clients. - You need NISM certification for each segment, such as currency derivatives or equity derivatives. - Registration happens through your chosen broker and the stock exchange. - Many successful brokers started as APs before applying for their own SEBI registration. **Looking for a CRM for Authorised Persons?** Manage leads, clients and follow-ups as you grow your broking business. [Explore our CRM](https://www.brokerwhitelabelsolution.com/crm) Want to start a broking business without the capital and compliance load of a full stock broker licence? The **Authorised Person (AP)** model lets you build your own client base and income under an established SEBI-registered broker. ## What an Authorised Person does - Acquires and services clients for equities, derivatives, commodities and currency derivatives. - Earns a share of the brokerage generated by those clients, as agreed with the broker. - Uses the broker's trading platforms, back office and compliance framework. The AP model replaced the earlier sub-broker category, which SEBI removed. ## Eligibility | Requirement | Details | | --- | --- | | **Age** | At least 18; some brokers prefer 21 or older | | **Education** | At least 10th pass; graduates are often preferred | | **Certification** | NISM certification for each segment, for example Series I for currency derivatives and Series VIII for equity derivatives | | **Integrity** | Clean legal and financial record | | **Firms** | Partnerships, LLPs and companies can apply; partners or directors must meet the same norms | ## How to become an AP: step by step 1. **Choose a broker** whose revenue share, platforms and support suit you. 2. **Pass the NISM exams** for the segments you plan to serve. 3. **Apply through the broker**, who submits your application to the exchange. 4. **Sign the AP agreement** and complete KYC and any deposit the broker requires. 5. **Get approved and start onboarding clients.** An AP can be linked to one broker (member) at a time on an exchange, so compare brokers carefully. ## Tools that help an AP grow Your broker provides the trading platform, but your growth depends on how you find and look after clients. A simple [CRM](https://www.brokerwhitelabelsolution.com/crm) for leads and follow-ups, a professional website, WhatsApp and email workflows, and [reporting](https://www.brokerwhitelabelsolution.com/reporting-bi) on client activity make a big difference. Successful APs often go on to [start their own SEBI-registered broking firm](https://www.brokerwhitelabelsolution.com/blog-start-stock-broking-business-india). *General information only, not legal or tax advice. Rules change; confirm current requirements with SEBI, the exchanges, IFSCA or RBI and a qualified adviser before you start.* ## Frequently asked questions A person or firm appointed by a SEBI-registered stock broker to acquire and service clients under the broker's membership, earning a share of brokerage. The sub-broker category was removed by SEBI, and intermediaries moved to the Authorised Person model. One for each segment you serve, for example NISM Series I for currency derivatives and Series VIII for equity derivatives. Yes, exchange-traded currency derivatives through the broker, if you hold the relevant NISM certification and the broker offers the segment. ## Related services ### Broker technology in India [View market](https://www.brokerwhitelabelsolution.com/india) ### Forex CRM [Explore service](https://www.brokerwhitelabelsolution.com/crm) ### IB & Affiliate Management [Explore service](https://www.brokerwhitelabelsolution.com/ib-affiliate) [Book a free consultation](https://www.brokerwhitelabelsolution.com/contact)[More articles](https://www.brokerwhitelabelsolution.com/blog) --- Source: https://www.brokerwhitelabelsolution.com/blog-authorised-person-india Contact: info@brokerwhitelabelsolution.com | WhatsApp +90 530 107 14 49 Broker White Label Solutions is a technology provider only. It does not provide brokerage, investment or payment services and does not hold client funds. General information, not legal, financial or tax advice.