Nowadays, many people want to earn money from the stock market, but not everyone wants to take the risk of trading on their own. In such situations, people turn to brokers’ partner programs, which offer opportunities to earn without investing their own capital. Two models are most commonly discussed here: Remisier and Authorized Person (AP). The names sound similar, but the work, responsibilities, and methods of earning are different. If you too want to enter this field, it’s important to understand this comparison. In this article, we’ll explain the differences between the two in simple terms.
What Is a Remisier?
A remisier is a person or partner who associates with a stockbroker to refer new clients and build relationships with them. A remisier is not a broker themselves, but rather acts as a referral-based connector between brokers and clients. Their primary role is to acquire clients and connect them to the broker’s platform.
Role in Practice:
A remisier’s focus is mostly on front-end activities, such as:
- Acquiring new clients
- Maintaining relationships with existing clients
- Guiding through the account opening process
- Providing basic information about the trading platform
This model is practical for those who have a strong network but do not want to be directly involved in deep technical trading operations.
Compliance and Entry Barrier : Compliance requirements are comparatively low in the remisier model. Exchange registration is usually not required; it occurs at the agreement broker level. Consequently, the entry barrier is low and getting started is relatively easy.
Earning Model : Remisiers typically receive a share of the brokerage’s revenue from the clients they refer. Income depends on client activity the more trading, the higher the earning share.
What Is an Authorised Person?
An Authorized Person (AP) is an officially recognized intermediary who works with a registered stockbroker to onboard clients and support the execution process of brokerage services. APs are registered with a stock exchange (such as NSE/BSE) through the broker, so their role and responsibilities are more formal and regulated than those of a Remisier.
Operational Role : An Authorized Person plays an active role in client servicing and operations, such as:
- Acquiring new clients
- Assisting with Demat and trading account openings
- Guiding the KYC process
- Supporting order placement and platform usage
- Providing transaction guidance within compliance limits
- This role is not limited to referrals but also includes ongoing client support.
Registration and Requirements :Becoming an Authorized Person requires certain formal requirements:
- Detailed agreement with the broker
- Exchange registration process
- Required documents submission
- Security deposit/refundable deposit with the broker
- Office setup and infrastructure (many brokers require this)
Revenue Model : The AP receives a revenue share on clients’ generated brokerage, which can often be at a higher level than the Remisier model. Income can increase significantly with active traders and higher-volume clients.
Remisier Vs Authorised Person
| Point | Remisier | Authorised Person (AP) |
|---|---|---|
| Registration Requirement | Direct registration is not necessary on the exchange; an agreement is made with the broker. | Registration with the stock exchange through a broker is necessary. |
| Regulatory Recognition | Limited recognition, mostly broker-level role | Officially recognized intermediary role |
| Client Handling Authority | Client can refer and guide, but does not play a role in trading execution | Can provide client onboarding, support, and execution assistance |
| Revenue Model | Client brokerage gets revenue share | Brokerage share + higher slab earning possible |
| Compliance Burden | Less compliance and paperwork | Higher compliance and reporting requirements |
| Setup Cost | Generally low or zero | Security deposit + setup cost may apply |
| Income Potential | Moderate depend on client activity | Higher strong earning on active clients |
| Risk Level | Low-risk model | Moderate risk (compliance + client responsibility) |
| Control Over Client Trades | No direct control | Limited execution support role possible |
Legal & Regulatory Difference Remisier Vs Authorised Person
| Legal / Regulatory Point | Remisier | Authorised Person (AP) |
|---|---|---|
| Registration Structure | No exchange registration only a partnership agreement with the broker | Official registration takes place through the broker in the stock exchange (NSE/BSE). |
| Exchange Involvement | Exchange is not directly involved | Works under the direct exchange framework |
| Agreement Type | Broker-level referral/partner agreement | Formal AP agreement + exchange approval |
| Regulatory Status | Referral/marketing partner type role | Recognized market intermediary |
| Compliance Responsibility | Compliance responsibility is very limited | Responsibilities may include KYC support, record keeping, audit readiness |
| Reporting Requirement | Regular regulatory reporting not usually required | Broker and exchange norms have to be followed |
| Liability Exposure | Legal liability comparatively less | Action possible on compliance breach |
| Client Dealing Scope | Client referral and basic guidance | Client servicing and execution support allowed (within rules) |
| Trust Perception | Trust network based credibility | Builds more credibility among clients |
| Client Ticket Size Impact | Small-medium clients come under the referral model | Bigger clients prefer the AP model |
Who Should Choose Remisier?
It’s important to understand for whom the remisier model remains practical and profitable. This role is ideal for those who can build a client network but don’t want to handle full brokerage operations.
Best suited for:
- Finance bloggers and market educators
- Social media creators with an investing audience
- Stock market trainers and seminar hosts
- Part-time income seekers
- Professionals with strong relationship networks (CAs, consultants, agents)
Who Should Become an Authorised Person?
The Authorized Person (AP) model is suitable for those who want to build a long-term, structured business in the stock market. This involves not only client referrals, but also client servicing and operational support so both commitment and a system are essential.
Best suited for:
- Full-time market professionals
- Existing sub-brokers who want to upgrade
- Advisory desk operators
- Trading community owners
- Offline financial consultants
- Entrepreneurs building franchise-style brokerage businesses
Income Model Breakdown Remisier vs. Authorized Person: Which Pays Better in Practice?
The difference in income isn’t determined solely by revenue share percentage, but also by client type, trading activity, and your involvement level. Let’s understand this through the practical scenarios below.
Scenario A : Small Client Base
If you have limited clients and low-moderate activity, the remisier model is sufficient.
- Gets started quickly
- Less paperwork
- Referral-based earning
- Typical revenue share: 20%-40% brokerage share (depending on broker policy)
- A workable model for short-term side income.
Scenario B : Active Traders’ Client Base
Where clients trade regularly, the Authorized Person model may pay more.
Higher revenue share slabs possible
Volume-based incentives can be available
Typical revenue share: 40% – 70% brokerage share (broker & volume dependent)
Active trader base = better scaling potential.
Scenario C : Advisory + Execution Support Model
If you provide client guidance + execution support, then the Authorized Person is in clear advantage.
- Full service model
- Long-term recurring brokerage income
- Client retention remains strong
Conclusion
Both Remisier and Authorized Person are right in their own ways, just be clear about your goals. If you want to earn easily by adding clients through your network, then Remisier is the easiest route. However, if you want to build a proper business in this field and can handle client servicing, then Authorized Person is a better option. Don’t rush your choice, consider your capabilities.
Frequently Asked Questions (FAQs)
What is the basic difference between a Remisier and an Authorized Person?
A Remisier refers to clients, while an AP also handles client servicing and onboarding.
Which is simpler to start a Remisier or an Authorized Person?
A Remisier is simpler, requiring fewer formalities.
Is exchange registration needed for a Remisier vs. an Authorized Person?
Required for an AP, but not typically for a Remisier.
Who can earn more between a Remisier and an Authorized Person?
An AP can earn more if they have active clients.
Can I work part-time with a Remisier vs. an Authorized Person?
A Remisier is more suitable for part-time work.
Who supports client trades between a Remisier and an Authorized Person?
An AP can provide support, while a Remisier typically cannot.
