Key Highlights
- Choice Connect offers many products in one place. You can earn from brokerage, SIPs, insurance, loans, and banking products. This creates a more stable and growing income for you.
- Angel One is strong in urban and trading-focused markets. But Choice Connect is strong even in Tier 2 and Tier 3 cities, where there are new opportunities.
- Choice Connect provides a more scalable and sustainable Authorised Person business model. This is great for long-term positioning.
Choosing the right sub-broker franchise in 2026 is one of the most consequential decisions you will make as a financial professional. The broker you partner with determines your product range, earning ceiling, support system, and ultimately how fast your client business compounds.
Two names come up repeatedly in this conversation: Choice Connect and Angel One. Both are credible and have working partner programs. But they are built around different assumptions about how an authorised partner works and what they actually need to succeed.
So, let us find the details here.
About Choice Connect
Choice Connect is the trading partner platform of Choice International Limited, a NSE/BSE-listed financial services group with over 30 years of presence in India's capital markets. The platform is purpose-built for individuals who want to distribute financial products professionally.
The platform is known for offering equity and derivatives trading, mutual funds, SIPs, insurance, personal and business loans, credit cards, savings accounts, and fixed deposits. Which means, for APs, it's all from a single app and for investors, they get everything in one place.
The platform is designed to support individuals who want to build a structured sub-broker business, with clear onboarding and compliance requirements for an AP. The focus is explicitly on building a presence in Tier 2 and Tier 3 markets, where the demand for trusted local financial advisors is growing faster than supply.
With over 50,000 partners across India and a 30-year group legacy, the Choice Connect model is designed for partners who want to build a complete financial services practice, not just a brokerage referral arrangement.
About Angel One
Angel One is one of India's largest retail stockbrokers with a client base of over 2 crore and a network of more than 20,000 authorised persons across the country. The brand is well-recognised, particularly in urban and semi-urban markets. Also, their tech infrastructure, including mobile trading apps, algo trading, and basket trading, is among the best in the industry.
Their AP franchise program offers equity, F&O, commodities, currency derivatives, IPOs, mutual funds, and insurance. Revenue sharing is quite a good range, but it again depends on client volumes.
Also, the company pays a per-client acquisition incentive for every new account that you activate as an AP. Angel One's strength is brand scale and a strong equity-first client proposition.
Choice Connect Vs Angel One AP Program
| Category | Choice Connect | Angel One |
|---|---|---|
| Entry Requirements | Minimum age 18, 10+2 qualification, NISM required for regulated products | Minimum age 21, graduation required, NISM certification mandatory |
| Eligibility Flexibility | More accessible for non-graduates with market knowledge and networks | Limited to graduates only |
| Revenue Sharing | 40% to 70% on brokerage + multiple additional income streams | 40% to 70% on brokerage primarily |
| Income Streams | Brokerage + mutual fund trail + insurance + loans + credit cards + banking products | Brokerage + mutual funds only |
| Income Stability | Diversified income reduces dependency on trading activity | Highly dependent on client trading volumes |
| Product Range | Full suite: Equity, MF, Insurance, Loans, Credit Cards, Accounts, FDs | Limited to Equity, F&O, Mutual Funds, Insurance |
| Loan Products | Available (personal, business, LAMF) | Not available |
| Banking Products | Available (savings account, credit cards, FDs) | Not available |
| Client Retention Potential | High due to multi-product offering | Moderate, limited to investment products |
| Market Fit | Strong in Tier 2 and Tier 3 cities where relationship matters | Strong in metro and Tier 1 cities with self-directed investors |
| Business Model | Advisor-led, relationship-driven | App-first, self-service model |
| Support Structure | Personalised RM support with hands-on guidance | Scaled support, process-driven |
| Best For | Advisors building long-term, diversified income and client base | Traders focusing mainly on brokerage-driven income |
Which Is Better And Why For You in the Long Run: Choice Connect Vs Angel One
When you move past headline commissions, the real comparison becomes about consistency, scalability, and how well you can serve your clients over time. So, here are some points that can help you make even more strong decisions based on fundamentals.
1. Lower Entry Barrier with Real-World Skills
Choice Connect requires the AP to have the 10+2 qualification and complete the required certifications. Angel One requires graduation and certifications.
In practice, success in this space depends more on your network, trust, and market understanding. Choice Connect aligns better with that reality.
2. Income That Continues Beyond Market Activity
Angel One’s model is largely brokerage-driven. If trading slows down, your earnings follow.
Choice Connect helps you to build multiple income streams from the same client as follows:
- Brokerage sharing
- SIP trail commissions
- Insurance renewals
- Loan referrals
- Banking product commissions
This ensures that even in slower months, your income does not drop sharply. Over time, this creates a more stable and compounding income structure.
3. Complete Product Range Improves Client Retention
Angel One is a platform where you will not find the loan and banking products. This means you often have to refer clients elsewhere for key financial needs.
Choice Connect lets you serve clients across multiple products. This includes investments, insurance, loans, and banking products. This keeps the entire relationship with you and increases both retention and lifetime value.
4. Stronger Fit For Tier 2 And Tier 3 Markets
In smaller cities, financial decisions are rarely app-driven. They are relationship-driven.
Angel One works well in metro markets with self-directed investors. Choice Connect is built for advisors who act as the primary point of contact for their clients.
This makes it far more effective in Tier 2 and Tier 3 cities, where trust plays a central role.
5. More Personalised Support In Early Stages
Both platforms offer training and backend support. But there is a little difference in delivery.
Angel One follows a structured, large-scale support system suited for independent partners.
Choice Connect provides more hands-on RM support, especially useful when you are building your client base and learning how to cross-sell effectively.
Final Take
If your goal is only brokerage income, both options can work. But if you want to build a long-term, stable, and scalable advisory business, Choice Connect offers a clear advantage through diversified income, stronger client relationships, and better alignment with growing markets.
Conclusion
When you put the two programs side by side, the answer for most finance professionals in 2026 is clear. Angel One has brand scale and equity depth. But Choice Connect has everything else: broader products, easy entry, multi-stream income, a support model built for relationship-led advisors, and a deliberate focus on the markets where financial services demand is growing fastest.
If you are serious about building a sub-broker franchise that earns across market cycles, serves clients across their full financial life, and compounds month after month without depending on trading volumes alone, Choice Connect is where that business gets built.
So, become an Authorised Person with Choice Connect to get started and build your financial career right.
FAQs
1. Which Authorised Person Program Is Better For Beginners?
For beginners, a simple platform with good features is always a better choice. Choice Connect is often preferred because it allows earlier entry and offers more hands-on assistance in the initial stages.
2. How Do Authorised Persons Earn Money Over Time?
Earnings come mainly from brokerage sharing. But this is just a part of the entire earning options as you can earn commission, income from loans, and other products as well.
3. What Happens To Income When Clients Trade Less?
Income can drop if trading activity slows when you rely only on a brokerage. This is why you need to have a stable base of clients to ensure that you earn the benchmark you set.
4. Do I Need To Offer Multiple Financial Products To Grow Faster?
Yes. When you offer multiple products, you stand a better chance of growing your income over time using the diversification plan.
5. Is This Business Suitable In Smaller Cities?
Yes, in many cases it works even better. In Tier 2 and Tier 3 cities, clients often prefer dealing with someone they trust. A relationship-driven approach tends to perform better in a growing market.
