CM Goenka are a Stock Broking firm whose preferred business model is sub broker franchising. The initial investment required to become a CM Goenka Franchise is between Rs. 50,000 to Rs.100,000.
They offer 50 to 70% revenue sharing percentages for their sub brokers. The payout time is 4-5 weeks and the SB code activation time is 25 days.
In this article, we are going to discuss all about CM Goenka Sub Broker and how to get registered with them as a sub broker. We talk about all the frequently asked questions regarding CM Goenka and the Sub broker business model.
|C M Goenka Stock Brokers Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.100,000|
|Revenue Sharing||50% – 75%|
|Payout Time||4-5 Weeks|
|SB Code Activation Time||25 Days|
What do you know about C M Goenka Stock Brokers Franchise?
CM Goenka is a private full service stock broker located in the city of Jaipur in Rajasthan. The founder of CM Goenka is Mr. Kapil Goenka.
It was established in the year 1970. The time taken for their Sub Broker Code Activation is 25 days. The CM Goenka Sub Brokers are paid every 4-5 weeks regularly.
|C M Goenka Stock Brokers Business Partner Overview|
|Here is the overview of C M Goenka Stock Brokers Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Jaipur, Rajasthan|
|Who is the Founder?||Kapil Goenka|
|What is the year of establishment?||1970|
|How many days does it take for SB Code Activation?||25 Days|
|How many days/weeks it takes for Payout?||4-5 Weeks|
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What are the various Business Models that C M Goenka Stock Brokers Sub Broker Program provides?
CM Goenka provides two kinds of business models. These business models are the sub broker business model and the referral program.
They do not provide the Master Franchise Model or the Partner/Remisier Model which can be seen in some other sub broking franchise firms in the market.
- Sub Broker / Authorised Person
- Referral Program
CM Goenka Sub Broker / Authorised Person
Under the sub broker business model, you can become a CM Goenka Franchise owner and make trades on their behalf for your own clients. You will receive a percentage for every trade you make on their behalf.
CM Goenka Referral Program
In the referral model, you can refer other people to CM Goenka and earn a referral bonus. Both of the business models are extremely profitable if pursued.
|C M Goenka Stock Brokers Franchise Business Models|
|Know about various Business Models of C M Goenka Stock Brokers|
|Is the Sub Broker business model available?||Yes|
|Do they provide Referral Program?||Yes|
|Do they provide Master Franchise Model?||No|
|Does this broker provide Partner / Remisier model?||No|
How does C M Goenka Sub Broker Revenue Sharing work?
Find the details of CM Goenka Sub Broker Commission here. There are two different business models that are incorporated by CM Goenka that are the Sub broker Business model as well as the referral program.
The CM Goenka Franchise Revenue Sharing Model for the sub broker ranges from 50 percent to 75 percent of the trades made by the sub broker on behalf of CM Goenka. For the referral program, you will get Rs. 3000 for every person that you refer to CM Goenka.
|C M Goenka Stock Brokers Sub Broker Revenue Sharing|
|Find the details of C M Goenka Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||50% – 75%|
|Do they provide revenue sharing or direct pay for Referral Program?||Rs.3,000 per Refer|
|How much is the revenue sharing Master Franchise business?||NA|
|How much is the revenue sharing required for Partner / Remisier model?||NA|
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What is the C M Goenka Stock Brokers Business Partner Security Deposit requirement?
The CM Goenka Franchise Cost covers the security deposit which is required to be paid by a person to become a sub broker of CM Goenka.
The security deposit required to be paid for the CM Goenka Sub Broker Investment ranges from Rs.50,000 to Rs.100,000. However, there is no security deposit requirement for the referral program.
|C M Goenka Franchise Security Deposit|
|Check the C M Goenka Stock Brokers Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.50,000 – Rs.100,000|
|Is there any security deposit required for Referral Program?||Zero|
|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 C M Goenka Stock Brokers Authorised Person Program?
Most of the companies which offer a sub broker business model, rolls out offers of some kind to benefit their franchise owners and authorised persons.
CM Goenka also rolls out CM Goenka Franchise offers from time to time so that their sub brokers can earn more and gain more customers.
They provide the flexible revenue sharing offer under which the revenue sharing percentage for the sub brokers can be increased during the offer period.
It also provide the zero deposit schemes under which the clients of the sub brokers can open an account with CM Goenka with zero initial deposit requirements.
However, they do not roll out Flat Revenue sharing offer, Zero Revenue Sharing model with prepaid payment, or the 10k initial deposit scheme.
|C M Goenka Stock Brokers Sub Broker Offers|
|Here is the list of C M Goenka Stock Brokers 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?||Yes|
|Are they offering 10k Initial Deposit scheme?||No|
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What are the various Supports provided to C M Goenka Stock Brokers Business Partner?
As a new sub broker, you will require different kinds of CM Goenka Franchise Support in order to get your business up and running. You should not worry, because CM Goenka provides the CM Goenka Partner Support.
Under the partner support, they provide training for the dealers of their sub brokers as well as back office support for their authorised persons.
They also provide trading support as well as advisory support to their sub brokers to build up their business and make more trades.
However, you should not expect Acquisition training support, Product training support, or Marketing support from CM Goenka.
|C M Goenka Stock Brokers Business Partner Support|
|Here are the various Support C M Goenka Stock Brokers Franchise needs to provide to their clients|
|Do they provide Acquisition Training to their associates?||No|
|Do they provide Training for Dealers of their sub brokers?||Yes|
|Are they providing Product Training for their business partners?||No|
|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?||Yes|
|Does the broking house provide Marketing Support to their sub brokers?||No|
Which is the Infrastructure required for C M Goenka Stock Brokers Sub Broker Program?
If you want to take up any sub broker franchise from a broking firm, then you have to fulfill their minimum infrastructure requirements in order to be able to eligible for their sub broking franchise.
Similarly, you will have to fulfil the CM Goenka Franchise Infra Requirement to become a part of CM Goenka as a sub broker.
You should have a minimum of one employee in your firm to qualify. You should also provide your own trading terminals.
Internet connection and telephone lines are not necessary but you will have to provide research services to fulfill the CM Goenka Sub Broker Infra Requirement.
|C M Goenka Stock Brokers Partner Infrastructure Requirement|
|Find the various Infra required to take up C M Goenka Stock Brokers Franchise|
|What is the Employee Strength needed to start this franchise?||Minimum 1|
|Do the Sub Broker needs to provide Trading Terminals?||Yes|
|Is the Internet Connection mandatory to take up franchise?||No|
|Are Telephone Lines mandatory for Business Partners?||No|
|Is it mandatory to provide Research Services by Sub Broker?||Yes|
|How much is the size of Office Area required to become a Sub Broker?||Minimum 150 Sq Ft|
Find out the basic requirements of other Stock Broking Franchise
What is the Eligibility Criteria to Become CM Goenka Partner?
The CM Goenka Sub Broker Eligibility criteria should be met by everyone who is applying to be a sub broker. The person applying for the rights to hold the association’s sub Broking rights should have completed his/her intermediate degree.
A 4 year college certification is also preferred but not mandatory. candidate should likewise have related knowledge in the business with 2 years of experience or more.
The broker should likewise be enlisted with SEBI and be associated with BSE just as NSE to qualify the CM Goenka Franchise Eligibility.
What is the brokerage charges levied to the Clients of C M Goenka Stock Brokers Partners?
As you are a sub broker under CM Goenka and are making trades on behalf of clients, your clients have to pay CM Goenka Authorised Person Charges for every trade they make. equity intraday charges are 0.03%.
The equity delivery charges 0.30%. charge levied per lot for Equity Options is Rs. 30 per lot. For currency options, the charge levied per lot is Rs. 10 per lot.
The equity futures charge is 0.03%. Similarly, the currency futures charge is also 0.03%. However, there are no charges on commodity trading.
|C M Goenka Stock Brokers Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by C M Goenka Stock Brokers Sub Broker to their clients|
|What are Equity Intraday charges?||0.03%|
|How much are Equity Delivery charges?||0.30%|
|How much is the charge levied on Equity Options?||Rs.30 per Lot|
|How much are the Currency Options charges?||Rs.10 per Lot|
|What are Equity Futures charges?||0.03%|
|What are the charges levied on Currency Futures?||0.03%|
|What are the charges levied on Commodity Trading?||NA|
What is the Account Opening Charges Levied to the clients of C M Goenka Stock Brokers Sub Broker?
To trade stocks and options through your firm, your clients will have to open a trading account with CM Goenka as you are their sub broker. This is why they have to pay CM Goenka Sub Broker Charges for opening their account.
The base charge for opening an account is Rs. 250, however, there is a requirement of minimum 15,000 Rs. as margin money in the trading account at all times.
Demat AMC is chargeable at Rs. 399 per annum. However, there are no charges for trading AMC. For every transaction, a transaction charge of 0.00325% is levied.
|C M Goenka Stock Brokers Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by C M Goenka Stock Brokers Franchise to their clients|
|What are the Account Opening Charges?||Rs.250|
|What is the Margin Money required?||Minimum Rs.15,000|
|What is the charge for Demat AMC?||Rs.399 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00325%|
What is the Customer Ratings of C M Goenka Stock Brokers Authorised Person Program?
If you are looking for a sub broking franchise to become a part of, you should first look at the customer reviews of that firm. Customer reviews are important because they reflect how the customers feel after being a part of the firm.
The CM Goenka Franchise Ratings are as follows – Their Revenue Sharing model is rated 2.4/5 by the customers. security deposit requirements receive a rating of 2.3/5.
In the field of customer experience in the sub broker business, CM Goenka receives a rating of 2.5/5. As per Offers provided by them, they receive a rating of 2.5/5.
The ratings as per Mobile Trading App & Trading Platforms are 2.4/5. overall CM Goenka Sub Broker Review is 2.5/5.
|C M Goenka Stock Brokers Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for C M Goenka Stock Brokers|
|According to Revenue Sharing Model of the Franchiser||2.4 / 5|
|Ratings as per Security Deposit provided by the company||2.3 / 5|
|As per Experience in the Sub Broker Business||2.5 / 5|
|As per Offers provided by the Broking Franchise||2.5 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.4 / 5|
|Overall Ratings of the Sub Broker Franchise||2.5 / 5|
C M Goenka Stock Brokers Franchise Conclusion
To conclude, CM Goenka Franchise is a highly rated sub broking franchise provider in the market. They have a good customer support which will guide you through the process of becoming a CM Goenka Sub Broker.
You should go through all of the details mentioned in the article in order to decide if you want to become a part of this company as a sub broker.
Get to know about other Sub Brokers in India
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Start your own Business Now! Become a Sub Broker. Fill up the Form
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