Within this article, you will be provided with an insight about the Comfort Securities Franchise and what do you need to do if you want to become one.
If you are fascinated with the thought of becoming a Comfort Securities Sub Broker, then this article is just what you need.
As all your queries will be answered here and information regarding how to enroll with them, what documents you might need, their eligibility criteria, and their profit-sharing percentage are also clarified here.
|Comfort Securities Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.200,000|
|Revenue Sharing||50% – 80%|
|Payout Time||35 Days|
|SB Code Activation Time||30 Days|
What do you know about Comfort Securities Franchise?
Comfort Securities is a qualified Private, Full-Service Broker that started operating in India in the year 1994. Under their founder, Mr Ramesh Vinayak Vaze, the company came into function in the financial capital city of the country, Mumbai in the early nineties.
If you want to get connected to them as a Comfort Securities Sub Broker, you can rest assured that you will not be disappointed as they are an exceedingly translucent and fair-minded organisation.
Their mode of payment is pretty regular and simple, that usually follows a 35-day payout sequence. Being a Comfort Securities Franchise is not much of a difficult task, the full time they take for the application to get activated is about 30 days.
|Comfort Securities Business Partner Overview|
|Here is the overview of Comfort Securities 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?||Ramesh Vinayak Vaze|
|What is the year of establishment?||1994|
|How many days does it take for SB Code Activation?||30 Days|
|How many days/weeks it takes for Payout?||35 Days|
Speak to the Franchise Managers now! Fill up the form:
What are the various Business Models that Comfort Securities Sub Broker Program provides?
To become a Comfort Securities Franchise, you will have to follow a very easy process. They aren’t much of a complicated organization, thus, their business models are uncomplicated and simple too.
They work by following just one model which is the Sub Broker model. This shows that you can become a Comfort Securities Sub Broker, but unfortunately not a Remisier or a Franchisor or an Agent.
- Sub Broker / Authorised Person
Comfort securities sub broker / authorised person
The Comfort Securities employs sub-brokers to perform as agents of the apprehensive trading member for aiding the investors in dealing in, selling or buying or securities. In this business model, sub-brokers principally earn from the customer base.
|Comfort Securities Franchise Business Models|
|Know about various Business Models of Comfort Securities|
|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 Comfort Securities Sub Broker Revenue Sharing work?
The Comfort Securities Franchise Revenue model is very well defined and brisk. Because they operate using only one business model, i.e., the Sub Broker model, their profit percentage is also well defined for everyone.
They appreciate the hard work of their patrons and provide them with the highest allowed share possible. If you affiliate with them, then your Comfort Securities Sub Broker Commission would be somewhere around 50 to 80 per cent of the total profit bred by you. You can negotiate with them for a higher profit share if you give them surety of more profit generation or a bigger business quantum.
|Comfort Securities Sub Broker Revenue Sharing|
|Find the details of Comfort Securities 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
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|Nirmal Bang Franchise||ICICI Direct Franchise||Profitmart Securities Franchise|
What is the Comfort Securities Business Partner Security Deposit requirement?
First and foremost if you look at it properly, you will see the Comfort Securities Franchise Cost is not as high as others in the market. Many companies charge a huge amount that may go up to as high as Rs 5lacs along with a one-time deposit in the name of security.
Nevertheless, with this company, your Comfort Securities Sub Broker Investment would be somewhere between Rs 50,000 and Rs 2,00,000. Such breach in the security deposit amount is for an atypical reason too.
If you have a strong customer base and a business set up which is still active, you can reassure them a much larger volume of business and settle for a small investment for yourself.
|Comfort Securities Franchise Security Deposit|
|Check the Comfort 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?||NA|
|What is the deposit required for Partner / Remisier Model?||NA|
What are the various Offers rolled out by Comfort Securities Authorised Person Program?
You can know for certain that you will be getting many Comfort Securities Sub Broker Offers once you sign up with them. Flexible Revenue Sharing is one of the chiefs offers that you can get from them.
Along with this, they offer you a 10k Initial Deposit option, which means that with a mere deposit of Rs 10,000 you can kick-start your business with them. Nonetheless, certain options like Flat Revenue Sharing, Zero Revenue Sharing with Prepaid and Zero Deposit are not offered under the list of Comfort Securities Franchise Offers.
|Comfort Securities Sub Broker Offers|
|Here is the list of Comfort 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?||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 Comfort Securities Business Partner?
As one of their business partners, you can hope for a lot of support in the form of Comfort Securities Franchise Support. They put in a big deal of money in training their patrons; hence the Dealing Training is done by the Comfort Securities themselves.
As a part of the Comfort Securities Partner Support, you can even expect Advisory Support from their side to you and your customers. But some of the other training like Acquisition and Product; and Back-Office, Trading and Marketing Support is not something you can expect from them, thus you will have to manage yourself in these sections.
|Comfort Securities Business Partner Support|
|Here are the various Support Comfort 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?||No|
|Do they provide Back-Office Support for their authorised person?||No|
|Are they providing Trading Support to their business partners?||No|
|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 Comfort Securities Sub Broker Program?
The Comfort Securities Partner Requirement in terms of the condition of infrastructure is rational and moderate as well. They don’t ask of you something extravagant but some basic infrastructural standard.
The company wishes for you to maintain an office space of a minimum of 150 sq ft. with no such mention in the number of employees to be hired. Other things mentioned in the Comfort Securities Sub Broker Infra Requirement are the need for access to the Trading Terminals and Research Services within the office.
|Comfort Securities Partner Infrastructure Requirement|
|Find the various Infra required to take up Comfort Securities Franchise|
|What is the Employee Strength needed to start this franchise?||Not Mandatory|
|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|
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What are the eligibility criteria to become comfort securities partner?
Comfort Securities Sub Broker Eligibility calls for some basic eligibility criteria as they promise to provide less investment return opportunity which will require the applicant to capitalize on their networking strength and their knowledge of the trade.
They expect you to have the basic qualifications to become a partner with their company. The applicant must have an experience of minimum 1-2 years in dealing with financial products as an employee or a financial planner/insurance advisor/mutual fund distributor/Remisier/sub-broker/the main broker.
The individual applying for being a partner should be a minimum of 18 years of age. It will work in their favor if they have a considerable customer base and can put in an insignificant amount of money as a deposit and further continue investing in infrastructure and people as and when the business calls for. Thus, if you fulfil these Comfort Securities Franchise Eligibility criterions you are good to go.
What is the brokerage charges levied to the Clients of Comfort Securities Partners?
As the Comfort Securities Partner Charges are some of the least across the market, this is something to boast about. For Equity Intraday they charge your customers 0.03 per cent, for Equity Deliver they charge 0.33 per cent of the total value of the deal.
Now if we take the Option charges, we will see that they charge that based on lots. So, for Equity Options, they charge Rs 33 per lot and for Currency Options, they charge Rs 20 per lot no matter the trade value. So if we compare the Comfort Securities Authorized Person Charges with the ones in the market, we will see that it is quite low and this is a good way to attract more clients.
|Comfort Securities Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Comfort Securities 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.33 per Lot|
|How much are the Currency Options charges?||Rs.20 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 Comfort Securities Sub Broker?
You can be self-assured with the account opening charges under Comfort Securities. Your clients will be charged capitalised rates under the Comfort Securities Franchise Charges. There is a charge of just Rs 230 for opening an account.
However, there is absolutely no margin money charged. For Demat Account Maintenance, your clients will have to pay an AMC charge of Rs 333 per annum, although AMC charge for Trading Account Maintenance is free.
In addition to that, there is an overall transaction charge of 0.00333 per cent. Thus you can see that as per the Comfort Securities Sub Broker Charges your clients will be charged wisely with no extra charges imposed on them.
|Comfort Securities Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Comfort Securities Franchise to their clients|
|What are the Account Opening Charges?||Rs.230|
|What is the Margin Money required?||Zero Margin|
|What is the charge for Demat AMC?||Rs.333 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00%|
What is the Customer Ratings of Comfort Securities Authorised Person Program?
If you are searching for a sincere and upfront response regarding the company, the Comfort Securities Sub Broker Review and their customer ratings would help you.
The Revenue Sharing Model gets a score of 2.1 out of 5, Security Deposit gets a 2.2 out of 5, for Experience they get a solid 2.5 out of 5, for their offers they get a 2.4 out of 5 and their Mobile trading platforms gets a rating of 2.6 out of 5. This brings the Comfort Securities Franchise Rating to an overall score of 2.3 out of 5.
|Comfort Securities Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Comfort Securities|
|According to Revenue Sharing Model of the Franchisor||2.1 / 5|
|Ratings as per Security Deposit provided by the company||2.2 / 5|
|As per Experience in the Sub Broker Business||2.5 / 5|
|As per Offers provided by the Broking Franchise||2.4 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.6 / 5|
|Overall Ratings of the Sub Broker Franchise||2.3 / 5|
Comfort Securities Franchise Conclusion
In conclusion, we can say that the Comfort Securities Franchise is without a doubt a good option to do business with if you are in the lookout for your stock broker agency to set up and yield you good money from it.
The company’s guidelines and facilities are quite adaptable that will allow you to do business as a Comfort Securities Sub Broker and achiever greater heights.
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