Choice Broking Franchise or Sub Broker – Find Revenue Sharing, Security Deposit & more

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 ModelSub Broker
Initial Investment Required Rs.15,000 to Rs.25,000
Revenue Sharing50% – 80%
Payout Time20 Days
SB Code Activation Time40 Days

Choice Equity Franchise Subbroker


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 / PrivatePrivate
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

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    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

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    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

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    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 Franchisor3.2 / 5
    Ratings as per Security Deposit provided by the company3.1 / 5
    As per Experience in the Sub Broker Business3.5 / 5
    As per Offers provided by the Broking Franchise3.2 / 5
    Ratings as per Mobile Trading App & Trading Platforms3.5 / 5
    Overall Ratings of the Sub Broker Franchise3.3 / 5
    Star Ratings★★★☆☆

    Choice Broking Business Associate Conclusion

     


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