Canara bank Securities Franchise or Canmoney Franchise is reputed stockbroking and trading service provider. The main reason for the popularity is 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 Model | Sub Broker |
| Initial Investment Required | Rs.50,000 – Rs.200,000 |
| Revenue Sharing | 50% – 70% |
| Payout Time | 30 Days |
| SB Code Activation Time | 28 Days |
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 working for them.
There is no doubt that it is one of the trusted stockbrokers and it is present in every major city in India. It takes 28 days to activate the 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 / Private | Public |
| 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 customers by taking different kind of strategies. Therefore, they have a 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 to its portfolio. A master franchise is responsible to recruit the franchise and they will also provide the initial and ongoing 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% |
Know about Revenue Sharing of other Sub Broker Franchise
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 to start the business. Canara bank franchises have some standard deposit amounts 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 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 |
Check out the various offers of other Sub Broker Providers
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 their 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 a business partner you need to fulfill 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.
An Internet connection is required to set up a trading terminal and telephone lines with voice loggers 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 |
Find out the basic requirements of other Stock Broking Franchise
What are 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 a 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 are the brokerage charges levied on 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 are the Account Opening Charges Levied to the clients of Canmoney Sub Broker?
Canara bank Securities Franchise charges for account opening is Rs.350. Canmoney Sub Broker charges Rs 500 to open your Demat account. For trading AMC account is free.
The company charges a minimum of 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 are the Customer Ratings of the 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.
The 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 Franchiser | 2.5 / 5 |
| Ratings as per Security Deposit provided by the company | 2.2 / 5 |
| As per Experience in the Sub Broker Business | 2.4 / 5 |
| As per Offers provided by the Broking Franchise | 2.4 / 5 |
| Ratings as per Mobile Trading App & Trading Platforms | 2.2 / 5 |
| Overall Ratings of the Sub Broker Franchise | 2.4 / 5 |
| Star Ratings | ★★★☆☆ |
The Canmoney Franchise Conclusion
Canmoney Franchise is a great stock broking company to work with. If you are looking for a broking house that 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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