Canmoney / Canara Bank Securities Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

Canara bank Securities Franchise or Canmoney Franchise is reputed stockbroking and trading service providers. The main reason for the popularity is for their equity trading and their financial service.

In this article, we will discuss Canara bank securities sub broker or Canmoney Sub Broker models. Along with this, we will also focus on what kind of partnership one person can have with this company and what are the terms and conditions for this.

Apart from this, we will also see the offers and benefits you can get as a Sub Broker of this company.

Canmoney / Canara Bank Securities Sub Broker Highlight
Top Business ModelSub Broker
Initial Investment RequiredRs.50,000 – Rs.200,000
Revenue Sharing50% – 70%
Payout Time30 Days
SB Code Activation Time28 Days

Canara Bank Franchise SubBroker

What do you know about Canmoney Franchise?

Canara bank securities franchise is a public entity firm. The founder of this company is P S Jayakumar and it was established in 2009. The head office of this company is located in Mumbai, Maharashtra.

They have been in this industry for a long time and they are known for their equity trading and their financial offerings.  It is one of the well-known names in the stock market with hundreds of Canmoney Sub Broker are working for them.

There is no doubt that it is one of the trusted stockbrokers and it is present in every major city of India. It takes 28 days to active SB code and their payout time is 30 days.

Canmoney / Canara Bank Securities Business Partner Overview
Here is the overview of Canmoney / Canara Bank Securities Franchise
What type of Company is it? – Public / PrivatePublic
What is the Broker type?Full Service Broker
Where is the Headquarter located?Mumbai, Maharashtra
Who is the Founder?P S Jayakumar
What is the year of establishment?2009
How many days does it take for SB Code Activation?28 Days
How many days/weeks it takes for Payout?30 Days

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What are the various Business Models that Canara Bank Sub Broker Program provides?

Canara bank securities franchise mainly focus to increase the customers by taking a different kind of strategies. Therefore, they have the business model which helps them to grow the customer base by making them business partners. They have the following business models.

  • Sub Broker / Authorised Person
  • Master Franchise
  • Partner Program / Remisier

Canmoney Sub broker / Authorised Person

The Canara bank securities sub broker model provides access to the trading platform as an agent of this company.

Canmoney Master Franchise

A master franchise is a licensed agency that has the authority to add more franchises under its portfolio. A master franchise is responsible to recruit the franchise and they will also provide the initial and on-going training.

Canmoney Partner Program / Remisier

Canmoney Partner Program or Remisier is a distributor because the income will depend on sales. It will work on a commission basis.

Canmoney / Canara Bank Securities Franchise Business Models
Know about various Business Models of Canmoney / Canara Bank Securities
Is the Sub Broker business model available?Yes
Do they provide Referral Program?No
Do they provide Master Franchise Model?Yes
Does this broker provide Partner / Remisier model?Yes

How does Canmoney Sub Broker Revenue Sharing work?

Canara bank securities have also extended the Canmoney Franchise revenue sharing percentage as per the contribution and the scope of the work of each model.

The master franchise will get the maximum amount of revenue from 75% to 85% of the total generated business because he is the only person who is doing all the stuff as a broking house himself.

The Canara bank securities Sub Broker commission is 50% to 70% and the Remisier will get around 20% of the total revenue share.

Canmoney / Canara Bank Securities Sub Broker Revenue Sharing
Find the details of Canmoney / Canara Bank Securities Sub Broker Commission for all Business Models
What is the revenue sharing for Sub Broker program?50% – 70%
Do they provide revenue sharing or direct pay for Referral Program?NA
How much is the revenue sharing Master Franchise business?75% – 85%
How much is the revenue sharing required for Partner / Remisier model?20%

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What is the Canara Bank Business Partner Security Deposit requirement?

When you are going to join as a business partner, then you have to submit a security deposit in order to start the business. Canara bank franchises have some standard deposit amount based on the nature of the business model.

The Canmoney Franchise cost Rs.3lac to Rs.6lac for the master franchise because the company is giving the power to run the business as a full-fledged stockbroker.

Canara bank securities Sub Broker investment is Rs.50,000 to Rs.200,000 and for a remisier the initial amount is Rs.30,000.

Canmoney / Canara Bank Securities Franchise Security Deposit
Check the Canmoney / Canara Bank Securities Franchise cost requirement for each business model
How much is security deposit required for Sub Broker Program?Rs.50,000 – Rs.200,000
Is there any security deposit required for Referral Program?NA
What is the initial investment required for Master Franchise Model?Rs.300,000 – Rs.600,000
What is the deposit required for Partner / Remisier Model?Rs.30,000

What are the various Offers rolled out by Canmoney Authorised Person Program?

Canara bank securities franchise offers are available for their Sub Brokers and business partners to run their business properly.

Canmoney Sub Brokers offers flexible revenue sharing options and they also offer a wide range of plans and schemes to attract the clients.

Along with this, they also provide Zero revenue sharing with the prepaid option.  However, the company doesn’t have any zero deposit or 10k initial deposit option.

Canmoney / Canara Bank Securities Sub Broker Offers
Here is the list of Canmoney / Canara Bank Securities 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?Yes
Do they provide Zero Deposit scheme?No
Are they offering 10k Initial Deposit scheme?No

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What are the various Supports provided to Canara Bank Business Partner?

Canara bank securities franchise support is trading support. CANROYAL is desk-based software. Customers need to download this for online trading on the laptop.

Canmoney partner support provides advisory support for better business strategies. Along with this, they provide marketing support, back-office support, dealing support and product training.

Canmoney / Canara Bank Securities Business Partner Support
Here are the various Support Canmoney / Canara Bank Securities 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?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?Yes
Does the broking house provide Marketing Support to their sub brokers?Yes

Which is the Infrastructure required for Canmoney Sub Broker Program?

To become the business partner you need to fulfil the basic Canara bank securities partner requirement.

The business partner needs to set up the office with a minimum space of 250 Sq ft. along with this, a minimum of 3 employees is necessary to serve the customer.

Internet connection is required to set up a trading terminal and telephone lines with voice logger are mandatory. According to the Canmoney Franchise infra requirement needs to have a separate broadband connection for the back office reports.

Canmoney / Canara Bank Securities Partner Infrastructure Requirement
Find the various Infra required to take up Canmoney / Canara Bank Securities Franchise
What is the Employee Strength needed to start this franchise?Minimum 3
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?Yes
How much is the size of Office Area required to become a Sub Broker?Minimum 250 Sq Ft

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What is the eligibility criteria to become a Canara bank securities partner?

Before we are going to discuss the brokerage and shares, it will be good to know about the Canara bank securities franchise eligibility. A SEBI registration is a must for the candidate to become a Sub Broker.

According to the Canmoney Sub Broker eligibility the candidate needs to have 10+2 certificate. To become a Sub Broker of this company, the authority will check your work experience and knowledge about the stock market. You need to have an experience of 2 consecutive years in this field.

What is the brokerage charges levied to the Clients of Canara Bank Partners?

During the time of choosing a share trading platform, you need to have a clear idea about the brokerage fee and current fee.

Canara bank securities have a flexible brokerage plan. Canmoney Authorised Person charges 0.04% for trading in equity delivery.

The Canara bank securities partner charges 0.04% for the intraday trading of the equities and the charge is the same for trading in equity futures and currency.

The charge for the brokerage is flat Rs.60 per lot in equity options. Brokerage for trading in currency options is Rs.40 per lot.

Canmoney / Canara Bank Securities Sub Broker – Brokerage Charges to Clients
Here are the brokerage charges levied by Canmoney / Canara Bank Securities Sub Broker to their clients
What are Equity Intraday charges?0.04%
How much are Equity Delivery charges?0.40%
How much is the charge levied on Equity Options? Rs.60 per Lot
How much are the Currency Options charges?Rs.40 per Lot
What are Equity Futures charges?0.04%
What are the charges levied on Currency Futures?0.04%
What are the charges levied on Commodity Trading?0.04%

What is the Account Opening Charges Levied to the clients of Canmoney Sub Broker?

Canara bank Securities Franchise charges for account opening are Rs.350. Canmoney Sub Broker charges Rs 500 to open your Demat account. For the trading AMC account is free.

The company charges minimum RS 25,000 as margin money for the guarantee. Transaction charges are 0.003025 for trading with the Canara bank securities franchise.

Canmoney / Canara Bank Securities Franchise – Account Opening Charges to Clients
Here are the account opening charges levied by Canmoney / Canara Bank Securities Franchise to their clients
What are the Account Opening Charges?Rs.350
What is the Margin Money required?Minimum Rs.25,000
What is the charge for Demat AMC?Rs.500 per Annum
how much are Trading AMC charges?Free
How much is the Transaction Charges levied?0.00325%

What is the Customer Ratings of Canara Bank Authorised Person Program?

The Canmoney Sub Broker Review is based on the customer experience, offer, services and revenue sharing model. It will be beneficial to know the Canara bank Securities franchise ratings if you are willing to become a Sub Broker.

Revenue sharing model gets 2.5 out of 5 and offers and customer experience gets 2.4 out of 5. Security deposit and mobile trading get 2.2 out of 5. The overall rating of the company is 2.4 out of 5.

Canmoney / Canara Bank Securities Franchise Customer Ratings
Find Client Ratings & Reviews against multiple parameters for Canmoney / Canara Bank Securities
According to Revenue Sharing Model of the Franchiser2.5 / 5
Ratings as per Security Deposit provided by the company2.2 / 5
As per Experience in the Sub Broker Business2.4 / 5
As per Offers provided by the Broking Franchise2.4 / 5
Ratings as per Mobile Trading App & Trading Platforms2.2 / 5
Overall Ratings of the Sub Broker Franchise2.4 / 5
Star Ratings★★★☆☆

Canmoney Franchise Conclusion

Canmoney Franchise is definitely a great stock broking company to work with. If you are looking for a broking house which will provide you with proper assistance, then you should try this one.

The Canara Bank Securities Sub Broker strategy works well because of its friendly schemes and various partnership models.

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