Sub-Broker FAQs | Unocoin
What is a Sub-Broker?
- Sub-Broker is a feature that allows a verified user to authorize another person to manage trading activities on their behalf. It is useful for users who are not familiar with trading or do not have time to trade.
Who is a Sub-Broker?
- A Sub-Broker is a verified Unocoin user who can:
- Place orders
- Cancel orders
- Manage trading activities
- on behalf of another user (with permission).
How does a Sub-Broker work?
- A user can assign a Sub-Broker by:
- Logging into their account
- Navigating to Settings → Sub-Broker
- Entering the Sub-Broker’s registered mobile number
- Once linked, the Sub-Broker can manage trading actions.
Who should use a Sub-Broker?
- Beginners who are not familiar with trading
- Users who do not have time to trade
- Users who prefer assisted trading
How do I become a Sub-Broker?
- Register on Unocoin
- Complete KYC verification
- Go to the Sub-Broker section
- Click on 'Want to become a Sub-Broker'
- Follow the instructions provided
What are the benefits of becoming a Sub-Broker?
- Sub-Brokers earn a percentage of the trading fees generated from orders they place for users.
How does a user assign a Sub-Broker?
- Go to the Sub-Broker section
- Click on Add Sub-Broker
- Enter the Sub-Broker’s registered mobile number
What actions can a Sub-Broker perform?
- A Sub-Broker can:
- Place and cancel orders
- Execute Instant and Spot trades
- Manage open or pending orders
- Add or update deposit reference numbers
What actions are restricted for a Sub-Broker?
- A Sub-Broker cannot:
- Register a user
- Complete KYC on behalf of a user
- Change account credentials (email or password)
Can a Sub-Broker withdraw funds?
- Sub-Brokers may be allowed to initiate certain actions based on system permissions. Users should review permissions carefully before assigning access.
Can I remove or change my Sub-Broker?
- Yes. You can remove or change your Sub-Broker anytime from the Sub-Broker settings.
Is there any fee for using a Sub-Broker?
- No. Users are not charged any additional fee. The Sub-Broker earns a share from the platform’s trading fees.
Can anyone become a Sub-Broker?
- Yes. Any verified Unocoin user can become a Sub-Broker by applying through the platform or contacting support.
Can a Sub-Broker assign another Sub-Broker?
- No. A Sub-Broker cannot assign another Sub-Broker to an account.
Is it safe to use a Sub-Broker?
- Yes, but only if you trust the Sub-Broker. Always assign access to someone reliable, as they can perform trading actions on your behalf.
Will the Sub-Broker have access to my funds?
- Sub-Brokers can manage trading actions, but critical account controls remain with the user. Always review permissions before assigning access.
Can I monitor actions taken by my Sub-Broker?
- Yes. You can track all activities through your order history and transaction logs.
What happens if a Sub-Broker makes a loss?
- All trading risks remain with the account holder. Users are responsible for monitoring and managing their accounts.
Can I assign multiple Sub-Brokers?
- This depends on platform policy. If supported, you will see the option in the Sub-Broker section.
Do I need to share my password with a Sub-Broker?
- No. You should never share your login credentials. Sub-Broker access works through secure system permissions.