The Choice Broking Franchise is a full-service sub broking company that received accreditation in the year 1992 in Mumbai by the founder of the company Mr. Kamal Poddar. The Choice Broking sub-broker company takes only 20 days to state the payout.
And this is quite less compared to the other rival sub broking companies. However, traders might not like that they take 40 days to complete the activation for the sub-broker code.
On top of that, note that the company is quite relaxed with its minimum investment amount which is Rs.15,000 and the maximum amount for the investment is Rs.25,000.
| Choice Broking Sub Broker Highlight | |
| Top Business Model | Sub Broker |
| Initial Investment Required | Rs.15,000 to Rs.25,000 |
| Revenue Sharing | 50% – 80% |
| Payout Time | 20 Days |
| SB Code Activation Time | 40 Days |
What do you know about Choice Broking Franchise?
Choice Broking Franchise is a partner program of Choice Broking. This private entity is engaged in the business as a full-service broker and was established in 1992.
Through the franchise scheme, the partners can offer a wide range of products to their clients like Stocks, mutual funds, insurance, NPS, loans, Bonds, PPF, and many more.
With Choice Broking Franchise, you can become a Stock Market Agent, a Mutual Fund Agent, An Insurance Agent, and a Loan Agent.
The entity offers ample opportunities for diversified forms to explore. You can choose what best suits you and earn a good income with the entity.
| Choice Broking Business Partner Overview | |
| Here is the overview of Choice Broking Franchise | |
| What type of Company is it? – Public / Private | Private |
| What is the Broker type? | Full Service Broker |
| Where is the Headquarter located? | Mumbai, Maharashtra |
| Who is the Founder? | Kamal Poddar |
| What is the year of establishment? | 1992 |
| How many days does it take for SB Code Activation? | 40 Days |
| How many days/weeks it takes for Payout? | 20 Days |
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What are the various Business Models that Choice Broking Sub Broker Program provides?
One can start the adventure of becoming a stock market mediates between the client and the stock broking company with Choice Broking Franchise as a Sub Broker.
In the sub broker apartment only, Choice Broking Franchise offers numerous forms where you can apply your enriching knowledge for the benefit of all, your clients, the stock broking company, and yourself.
The business model is very easy to start and earning through this source can be a lifetime. With your remarkable potential and the wide variety of offerings of Choice Broking, you can make it possible.
| Choice Broking Franchise Business Models | |
| Know about various Business Models of Choice Broking | |
| Is the Sub Broker business model available? | Yes |
| Do they provide Referral Program? | No |
| Do they provide Master Franchise Model? | No |
| Does this broker provide Partner / Remisier model? | No |
How does Choice Broking Sub Broker Revenue Sharing work?
With Choice Broking Franchise, you get to earn not just 30-40% percent, your income can range between 50-80%.
Your earning can be as high as you wish with Choice Broking Franchise.
By associating with Choice Broking Franchise as a Choice Broking Agent (CBA), you become your boss. Work from anywhere, anytime, and make your harvest as high as possible.
| Choice Broking Sub Broker Revenue Sharing | |
| Find the details of its Sub Broker Commission for all Business Models | |
| What is the revenue sharing for Sub Broker program? | 50% – 80% |
| Do they provide revenue sharing or direct pay for Referral Program? | NA |
| How much is the revenue sharing Master Franchise business? | NA |
| How much is the revenue sharing required for Partner / Remisier model? | NA |
Know about Revenue Sharing of other Sub Broker Franchise
What is the Choice Broking Business Partner Security Deposit requirement?
Choice Broking Franchise does not demand any registration charges from the aspiring candidate willing to become an Agent. Also, there are no mandatory initial investment criteria with the entity.
As for Security Deposit, the prospective Choice Broking Agent is required to submit around Rs. 15000 to Rs. 25000 and this sum too is relatively lower than many other stock broking companies.
| Choice Broking Franchise Security Deposit | |
| Check the Choice Broking Franchise cost requirement for each business model | |
| How much is security deposit required for Sub Broker Program? | 15,000 to Rs.25,000 |
| Is there any security deposit required for Referral Program? | NA |
| What is the initial investment required for Master Franchise Model? | NA |
| What is the deposit required for Partner / Remisier Model? | NA |
What are the various Offers rolled out by Choice Broking Authorised Person Program?
Choice Broking Franchise is an innovative means for earning and spreading the stock market potential in places where the company itself cannot reach. The company does acknowledge how much hard work it requires to work as an agent, hence it assists, supports, and appreciates the efforts in every possible way. Some of the most favoring elements of a Choice Broking Agent are:
Flexible Revenue Sharing Model: The Revenue sharing between the agent and the company can range anywhere between 50% to 80% which means the agent gets the major half.
Initial Deposit Scheme: The prospective choice broking agent is required to pay a mere sum of Rs. 10000 as an initial investment which is way lower when accounting for the expenses of running a franchise.
| Choice Broking Sub Broker Offers | |
| Here is the list of Choice Broking Franchise offers available to the clients | |
| Do they provide Flexible Revenue Sharing offer? | Yes |
| Are they providing Flat Revenue Sharing offer? | No |
| Do they offer Zero Revenue Sharing model with Prepaid payment? | No |
| Do they provide Zero Deposit scheme? | No |
| Are they offering 10k Initial Deposit scheme? | Yes |
Check out the various offers of other Sub Broker Providers
What are the various Supports provided to Choice Broking Business Partner?
A person only gets the strength to take on the role of a Franchiser or agent when the franchise company is supporting and offers enough resources to accelerate the stride.
Choice Broking plays a significant role in the setup and operations of the Choice Broking Agent (CBA). Let’s throw light on some of those:
- Acquisition Training
- Training for Dealers
- Product Training
- Back-Office Support
- Trading Support
| Choice Broking Business Partner Support | |
| Here are the various Support Choice Broking Franchise needs to provide to their clients | |
| Do they provide Acquisition Training to their associates? | Yes |
| Do they provide Training for Dealers of their sub brokers? | Yes |
| Are they providing Product Training for their business partners? | Yes |
| Do they provide Back-Office Support for their authorised person? | Yes |
| Are they providing Trading Support to their business partners? | Yes |
| Are they sharing Advisory Support with their partners? | No |
| Does the broking house provide Marketing Support to their sub brokers? | No |
Which is the Infrastructure required for Choice Broking Business Associate?
| Choice Broking Partner Infrastructure Requirement | |
| Find the various Infra required to take up Choice Broking Franchise | |
| What is the Employee Strength needed to start this franchise? | Minimum 2 |
| Do the Sub Broker needs to provide Trading Terminals? | Yes |
| Is the Internet Connection mandatory to take up franchise? | Yes |
| Are Telephone Lines mandatory for Business Partners? | Yes |
| Is it mandatory to provide Research Services by Sub Broker? | No |
| How much is the size of Office Area required to become a Sub Broker? | Minimum 250 Sq Ft |
Find out the basic requirements of other Stock Broking Franchise
What are the brokerage charges levied on the Clients of Choice Broking Partners?
| Choice Broking Sub Broker – Brokerage Charges to Clients | |
| Here are the brokerage charges levied by Choice Broking Sub Broker to their clients | |
| What are Equity Intraday charges? | 0.02% |
| How much are Equity Delivery charges? | 0.2% |
| How much is the charge levied on Equity Options? | Rs.25 per Lot |
| How much are the Currency Options charges? | Rs.20 per Lot |
| What are Equity Futures charges? | 0.02% |
| What are the charges levied on Currency Futures? | 0.02% |
| What are the charges levied on Commodity Trading? | 0.02% |
What are the Account Opening Charges Levied to the clients of Choice Broking Sub Broker?
| Choice Broking Franchise – Account Opening Charges to Clients | |
| Here are the account opening charges levied by Choice Broking Franchise to their clients | |
| What are the Account Opening Charges? | Rs.250 |
| What is the Margin Money required? | Not Required |
| What is the charge for Demat AMC? | Free |
| how much are Trading AMC charges? | Free |
| How much is the Transaction Charges levied? | 0.00285% |
How to become a Choice Broking Partner or Sub Broker?
The Choice Broking partner program allows each eligible person to join and access attractive payouts by becoming Choice Broking Partner. But despite being eligible, some people lose the chance of becoming a partner in most events.
It happens when they aren’t fully aware of the overall eligibility pattern the broker has designed for each aspiring individual. Take a look to learn it better.
- To become one of the broker’s partners, you must be age 18 or 21+, and you must have a legal document for proof.
- Since it is an India-based company, you must be a nationalist of India and should have an office with an area of at least 200 sq feet located anywhere in the nation.
- An initial minimum investment of Rs 100,000 should be agreed upon by the aspiring partner.
- Any previous experience is best to gain instant access to the partner program.
Documents required to become Choice Broking Partner
While proceeding with the application process and filling up the form, certain documents are requested from a Choice Broking partner for making the final verification. The list of documents covers:
- Necessary KYC Documents, E.G., PAN Card, Age Proof, Aadhaar, Identity Proof, And Photographs,
- Business Proof
- Tax Proof
- Copy of Rental Agreement of the Office (if not owned)
- GST, And Other Documents
Once you successfully submit the required KYC documents, you’ll get a call from the company’s customer care executive for document verification. Upon the completion of the process, you will receive a message of confirmation.
Why Partner with Choice Broking?
As you acquire Choice Broking Franchise, you are promptly exposed to some of the great benefits, and that encourages most people to partner with Choice broking. Some of the most notable include active assistance to a sub-broker from Choice Broking’s representatives.
The onboarding process is smooth as long as the EKYC procedure is fair and free of flaws. Through marketing support, the company tries to give your business set up an initial boost and further progression later. More assistance is served through training to the sub-broker.
Choice Broking Franchise – Pros & Cons
If building trust in the Choice Broking Partner program is getting difficult, read on. The major pros and cons of joining the franchise program are mentioned below. Take a look
Pros
- The quick and easy Onboarding process
- Attractive revenue sharing
- Wide-ranging products
- Great support to sub-brokers
Cons
- High initial investment amount
- Not a reputed brand in the market
Choice Broking Franchise Registration
Franchise registration sometimes arrives with certain challenges. But you can turn it effortless with some early learning in the process.
Such as, if you want to become Choice Broking Sub Broker, you need to follow these step-by-step processes for the proper verification.
- Start by filling up the Choice Broking Registration form for the franchise.
- Don’t worry; you only need to give your name and mobile number to Choice Broking.
- Attend a call back now from the executive
- Question executives for anything you want to learn about Choice Broking programs, Or simply note down their words in your diary
- After that, the executive will arrange a face-to-face meeting with you
- During the meeting, make needed documents and deposits (via cheque) available to the broker
- Once everything is sorted out, proceed with inviting more clients to your Choice Broking franchise.
Earning the potential of a Choice Broking Partner / ROI
The most important topic, “Earning Potential,” is yet to be disclosed.
Well, as a Choice Broking business partner, you can build a reach to revenue sharing of a whopping 50% to 80%. And this isn’t just a one-time earning; it is a lifetime until your referred client is an active member of the company. However, most sub-broker commissions have been seen going up to 90%.
Choice Broking Authorised Person – Products Offered
Choice Broking Authorised persons are exposed to the following products which they can service to their clients and benefit from that in return.
The name of the products is as follows –
- Equity
- Options
- Futures
- Commodity
- Mutual Funds
- IPO
- Bonds and FDs
What are the Customer Ratings of the Choice Broking Authorised Person Program?
| Choice Broking Franchise Customer Ratings | |
| Find Client Ratings & Reviews against multiple parameters for Choice Broking | |
| According to Revenue Sharing Model of the Franchisor | 3.2 / 5 |
| Ratings as per Security Deposit provided by the company | 3.1 / 5 |
| As per Experience in the Sub Broker Business | 3.5 / 5 |
| As per Offers provided by the Broking Franchise | 3.2 / 5 |
| Ratings as per Mobile Trading App & Trading Platforms | 3.5 / 5 |
| Overall Ratings of the Sub Broker Franchise | 3.3 / 5 |
| Star Ratings | ★★★☆☆ |
Choice Broking Business Associate Conclusion
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