Competent Finman Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

This article will give you an insight into the Competent Finman Franchise and what do you have to do if you want to become one. If you have interest in becoming a Competent Finman Sub Broker, then this read-up will come very handy to you.

Here, most of your doubts and queries will be solved keeping in mind the fact if you want to get connected to the company. If you have any questions regarding how to sign up with Competent Finman, the documents that you will need in the process, the eligibility criteria for the company and their revenue sharing percentage, everything will be cleared here.

Competent Finman Sub Broker Highlight
Top Business Model Sub Broker
Initial Investment Required Rs.50,000 – Rs.150,000
Revenue Sharing 50% – 75%
Payout Time 33 Days
SB Code Activation Time 3-5 Weeks

Competent Finman Franchise SubBroker


What do you know about Competent Finman Franchise?

Competent Finman is a Private Full-Service Broker with a brief experience which came into the business in India in the year 2000. Founded by Mr Ranjan Chawla, the company was established in the early 2000s in the heart of Chandigarh.

If you are thinking of getting linked to them as a Competent Finman Sub Broker, then you are sure to have no regret as they are one of the most transparent and fair organisations. They follow a pretty simple and regular mode of payment, usually in about 33 days.

Being a Competent Finman Franchise is nothing of a complex job, within 3-5 weeks the application to get the activation code works out.

Competent Finman Business Partner Overview
Here is the overview of Competent Finman Franchise
What type of Company is it? – Public / Private Private
What is the Broker type? Full Service Broker
Where is the Headquarter located? Chandigarh
Who is the Founder? Ranjan Chawla
What is the year of establishment? 2000
How many days does it take for SB Code Activation? 3-5 Weeks
How many days/weeks it takes for Payout? 33 Days

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What are the various Business Models that Competent Finman Sub Broker Program provides?

To become a Competent Finman Franchise, you will have to a very simple procedure. They are themselves one uncomplicated organisation; hence the business models they follow are also uncomplicated and easily laid.

They work in two models, one of which is the Sub Broker model and the other one being Remisier model. This allows you to become Competent Finman Sub Broker or a Competent Finman Remisier but not an agent or a franchisor.

Competent finman sub broker/authorised person

Competent Finman Sub Broker model follows a vastly comparable model that of the ones available in the field of share market. They give chance to others to let them use their company’s name, explore and run business.

There can be several sub-brokers in the same company in one place. This model heavily depends on the customer base for its functioning and profit.

Competent finman remisier

Competent Finman connects with the broker for its operation through the Remisier model. This model lets you earn while you consign or refer to other clients.

It is one easy way to draw brokerage by simply introducing clients. Earning through this model does not even require infrastructure.

Competent Finman Franchise Business Models
Know about various Business Models of Competent Finman
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? Yes

How does Competent Finman Sub Broker Revenue Sharing work?

The Competent Finman Franchise Revenue sharing model is exceptionally crisp and beautifully defined. Since they have two working Sub Broker model, their revenue sharing percentage is also well laid for everyone.

They appreciate the effort of their business associates and return them the highest allowed share. If you get involved with them, then your Competent Finman Sub Broker Commission would be somewhere between 50 per cent and 75 per cent and your Competent Finman Remisier Commission would also be somewhere between 10 per cent and  20 per cent of the full profit earned by you.

You can go ahead and negotiate for a higher share in profit if you give them surety of a better profit generation or a bigger business.

Competent Finman Sub Broker Revenue Sharing
Find the details of Competent Finman Sub Broker Commission for all Business Models
What is the revenue sharing for Sub Broker program? 50% – 75%
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? 10% – 20%

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What is the Competent Finman Business Partner Security Deposit requirement?

Above all, the Competent Finman Franchise Cost is not much when compared to others in the market. Many other companies charge a lump sum which at times goes as high as Rs 5lacs and sometimes a one-time deposit in the name of security.

Though, working with this organisation, your entire Competent Finman Sub Broker Investment would range from Rs 50,000 to Rs 100,000. The inconsistency in the deposit amount exists for an odd reason.

However, your Competent Finman Remisier Investment would range from Rs 5,000 to Rs 20,000. If you already have a well-established business setup or a well-built customer base and if you pledge them a bigger business quantum, you can simply settle for a lower outlay.

Competent Finman Franchise Security Deposit
Check the Competent Finman Franchise cost requirement for each business model
How much is security deposit required for Sub Broker Program? Rs.50,000 – Rs.150,000
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? Rs.5,000 – Rs.20,000

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

You can imagine getting many Competent Finman Sub Broker Offers if you get associated with them. Flexible Revenue Sharing is one of the most attractive offers they have for you. Apart from this, they also have the option of Zero Deposit to offer.

Yet, you are deprived of other options like Flat Revenue Sharing, Zero Revenue Sharing with Prepaid and 10k Initial Deposit from the directory of Competent Finman Franchise Offers.

Competent Finman Sub Broker Offers
Here is the list of Competent Finman 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? Yes
Are they offering 10k Initial Deposit scheme? No

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What are the various Supports provided to Competent Finman Business Partner?

Being their business partner, you can look forward to getting help in the form of Competent Finman Franchise Support. They devote a lot in prepping their partners, hence the Dealing Training.

Again, as a measurement of the Competent Finman Partner Support, you can expect Back Office support from their squad and also support related to Trading, Advisory and Marketing to their partners. In spite of this, there are two elements you have to take care of yourself which are training in Acquisition and Product.

Competent Finman Business Partner Support
Here are the various Support Competent Finman 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? 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 Competent Finman Sub Broker Program?

The Competent Finman Partner Requirement is known for its credible and conservative nature. They don’t have some over the top claims from their business partners to preserve the soaring standard in infrastructure.

All the company want is for you to maintain a small office space of a minimum of 100 sqft to conduct the business with at least 1 employee. Another requirement under CompetentFinman Sub Broker Infra Requirement is access to Trading Terminals in the work place.

Competent Finman Partner Infrastructure Requirement
Find the various Infra required to take up Competent Finman Franchise
What is the Employee Strength needed to start this franchise? Minimum 1
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? No
How much is the size of Office Area required to become a Sub Broker? Minimum 100 Sq Ft

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What are the eligibility criteria to become competent finman partner?

Like numerous other brokers, they also encompass their own Competent Finman Sub Broker Eligibility, which asserts that they would ensure if you are qualified to become a sub-broker under their firm.

The fundamental criterion is that the applicant must have passed his or her (+2) from a board recognised under the Indian government, although a graduation degree is much more preferable. The applicant should have a depth of knowledge in the field of the financial market, an experience through his prior work.

He/she must possess current information related to the environment, politic and economic. Candidate must be well equipped with computers, must have a good communication skill which will help in communicating with the customers later on.

He/she should also have good management skill and have major NISM modules on F&O, commodities, mutual funds and equities. These things make up the entire Competent Finman Franchise Eligibility criterion.


What is the brokerage charges levied to the Clients of Competent Finman Partners?

One impressive thing about this company is their brokerage charges, as Competent Finman Partner Charges are one of the lowest across the industry. For Equity Intraday, Equity Futures and Currency Futures your customers will have to pay 0.04 per cent of the transaction value.

For Equity Delivery the company will charge 0.35 per cent of the total trade value. Now if we talk about the options, they charge based on per lot, in case of Equity Options the rate is Rs 75 per lot and for Currency Options, it is Rs 50 per lot irrespective of what your trade value is. Still, if you compare the Competent Finman Authorised Person Charges with others in the market you will see the disparity, which eventually attracts customers.

Competent Finman Sub Broker – Brokerage Charges to Clients
Here are the brokerage charges levied by Competent Finman Sub Broker to their clients
What are Equity Intraday charges? 0.04%
How much are Equity Delivery charges? 0.35%
How much is the charge levied on Equity Options? Rs.75 per Lot
How much are the Currency Options charges? Rs.50 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? NA

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

You can secure about the charges for opening account with Competent. Subsidised rates will be charged from your clients under the Competent Finman Franchise Charges. There is a small payment of Rs 250 that is to be made for opening an account.

Again, for maintaining your Demat account, it will cost you Rs 250 per annum whereas the same for Trading account will cost nothing. Marginal money of Rs 20,000 will also be imposed which is refundable. Clients will be charged with care as per the Competent Finman Sub Broker Charges with a mere transaction charge of 0.0025 per cent.

Competent Finman Franchise – Account Opening Charges to Clients
Here are the account opening charges levied by Competent Finman Franchise to their clients
What are the Account Opening Charges? Rs.250
What is the Margin Money required? Minimum Rs.20,000
What is the charge for Demat AMC? Rs.250 per Annum
how much are Trading AMC charges? Free
How much is the Transaction Charges levied? 0.00%

What is the Customer Ratings of Competent Finman Authorised Person Program?

If you are seeking for an open and upfront view of the company, then the Competent Finman Sub Broker Review and the ratings from the customers will help you.

Their Revenue Sharing model gets a 2.5 out of 5, their Security Deposit and Offers both get a 2.4 out of 5, for Experience and Mobile trading platforms they score a 2.3 out of 5. With these ratings, the Competent Finman Franchise Rating scores an overall 2.3 out of 5.

Competent Finman Franchise Customer Ratings
Find Client Ratings & Reviews against multiple parameters for Competent Finman
According to Revenue Sharing Model of the Franchisor 2.5 / 5
Ratings as per Security Deposit provided by the company 2.4 / 5
As per Experience in the Sub Broker Business 2.3 / 5
As per Offers provided by the Broking Franchise 2.4 / 5
Ratings as per Mobile Trading App & Trading Platforms 2.3 / 5
Overall Ratings of the Sub Broker Franchise 2.3 / 5
Star Ratings ★★★☆☆

Competent Finman Franchise Conclusion

In conclusion, the Competent Finman Franchise is a good business opportunity if you want to set up your stockbroking organisation and make some good cash. The company’s rules and services are pretty bendy to enable you to do business as a Competent Finman Sub Broker and reach a good height.


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