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Who is a Sub Broker? How Do I Become a Sub Broker? - Investment Guide First things first, who is a Sub broker? Sub broker are simply partners of brokerage firms. They are partners who have local presence. The parent brokerage firms could be located in any of the major metros. It is, however, difficult or practically impossible for the broker to be present across India with physical locations. This can be cumbersome and very expensive. Most Brokers open some branches which belong to them with their brand name.