The Choice Broking Franchise is the full-service sub broking company received accreditation in the year 1992 at 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 really 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 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?
| 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?
| 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 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 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?
| 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 is the brokerage charges levied to 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? | 0.03% |
| How much are Equity Delivery charges? | 0.33% |
| How much is the charge levied on Equity Options? | Rs.20 per Lot |
| How much are the Currency Options charges? | Rs.30 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? | 0.03% |
What is 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? | Minimum Rs.5,000 |
| What is the charge for Demat AMC? | Free |
| how much are Trading AMC charges? | Free |
| How much is the Transaction Charges levied? | 0.00285% |
What is the Customer Ratings of 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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