Eureka Securities Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

Eureka Securities Franchise is a decades old financial services provider situated in Kolkata. They’ve been widely known for their customised financial planning and trading solutions. The company was in fact, established as a full-service broker.

However, with time they went rather deep into this business domain. And, at present they’re catering to hordes of clients alongside their numerous partners. Yes! You read that right. They grew to become a full-fledged financial franchiser.

And, their network of business partners is booming with new opportunities. This is, in fact, what we’ll be discussing in today’s article. In fact, we’ll review Eureka Securities Sub Broker Program as a complete financial franchiser along with their services.

Eureka Securities Sub Broker Highlight
Top Business Model Sub Broker
Initial Investment Required Rs.50,000 – Rs.200,000
Revenue Sharing 60% – 75%
Payout Time 31 Days
SB Code Activation Time 28 Days

Eureka Securities Franchise SubBroker


What do you know about Eureka Securities Franchise?

Eureka Securities franchise was established in the year 1992 by Ramesh Kumar Somani. And, they’ve always operated from within the city of Kolkata, West Bengal.

In fact, they even have their headquarters located there. With over two decades of operation, they’ve bifurcated their business from merely a service provided to a franchiser.

They’ve even gathered quite an enthusiastic team of business partners. And, they cater to a wide variety of clients together. As a franchiser, they need 28 days to allocate a new sub broker’s code. They even need 31 days to pay out all the dues to their partners.

Eureka Securities Business Partner Overview
Here is the overview of Eureka Securities Franchise
What type of Company is it? – Public / Private Private
What is the Broker type? Full-Service Broker
Where is the Headquarter located? Kolkata, West Bengal
Who is the Founder? Ramesh Kumar Somani
What is the year of the establishment? 1992
How many days does it take for SB Code Activation? 28 Days
How many days/weeks it takes for Payout? 31 Days

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What are the various Business Models that Eureka Securities Sub Broker Program provides?

Eureka Securities Franchise, as mentioned earlier, has been functioning since 1992. After being in this business for more than 2 decades, they’ve developed a rather good understanding of the industry.

They know well to keep control of the business all to themselves. However, they even understand that their r business partners prefer getting options. And, that’s why they grant the partners with two business models.

We’re talking about Eureka Securities’ sub-broker and remisier programs. These have been developed to cater to different partner types. And, each one of them presents a different kind of solution to the partners.

  • Sub Broker / Authorised Person
  • Partner Program / Remisier

Eureka Securities Sub Broker / Authorised Person

The sub-broker program, for instance, allows teamwork. It enables the partners to distribute all services on behalf of the franchiser.

It even allows them to provide extra benefits to their clients. And, the sub-brokers get a hefty commission for their jobs. However, they cannot execute any sort of business authority over any region whatsoever.

Eureka Securities Partner Program / Remisier

The remisiers, on the other hand, are allowed to function solely as individuals. Their work can rather be compared to an agent. Even they can distribute all services on behalf of the franchiser.

However, they get less commission as compared to the sub-brokers.

Eureka Securities Franchise Business Models
Know about various Business Models of Eureka 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? Yes

How does Eureka Securities Sub Broker Revenue Sharing work?

The franchiser distinguishes the partners based on several categories. And these categories are determined on the basis of multiple parameters.

One of the parameters is their choice of the business plan. Another of them is their choice of security deposit payment they choose.

Therefore, the commission rate granted depends on all of these factors. So, the sub brokers get a commission rate between 60-75%. And, the remisiers gets a commission rate in between 10-30%.

Eureka Securities Sub Broker Revenue Sharing
Find the details of Eureka Securities Sub Broker Commission for all Business Models
What is the revenue sharing for Sub Broker program? 60% – 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% – 30%

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What is the Eureka Securities Business Partner Security Deposit requirement?

As mentioned earlier, the commission rate of partners depends on several factors. These even include the payment of a certain security deposit amount. This is a mandatory requirement. You may even call it Eureka Securities franchise cost of some sort.

And, all the partners must pay their share of the security deposit. However, they do get some options to choose from. The sub-brokers may choose to pay a deposit in between Rs.50,000 – Rs.200,000. And, the remisiers may pay a deposit from Rs.10,000 – Rs.30,000.

Eureka Securities Franchise Security Deposit
Check the Eureka 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? Rs.10,000 – Rs.30,000

What are the various Offers rolled out by Eureka Securities Authorised Person Program?

Eureka Securities franchise offers wide range of facilities to their partners. These help the partners to build up their business rather fast. And, these even help the partners to grasp the business even better.

So, the offers include: –

  • Flexible Revenue Sharing
  • 10k Initial Deposit
  • Zero Revenue Sharing with Prepaid
Eureka Securities Sub Broker Offers
Here is the list of Eureka 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? Yes

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What are the various Supports provided to Eureka Securities Business Partner?

Eureka Securities franchise support has potted a need to help their partners with business establishment. That’s why, they’ve come up with many support programs. These include: –

  • Product Training
  • Back Office Support
  • Trading Support
  • Advisory Support
  • Marketing Support
Eureka Securities Business Partner Support
Here are the various Support Eureka 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? No
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 Eureka Securities Sub Broker Program?

There are many requirements put forward by the franchiser towards the partners. These requirements are a part of the business fundamentals. And these must be fulfilled by all partners.

Eureka Securities partner requirements include: –

  • Having staff strength of minimum 2 people. The partners are required to maintain a particular staff. And, the recruits must be trained and well versed in the industry ways.
  • An active telephone line. This is must to commence undisputed communication. Moreover, this line is sometimes even used for trading.
  • Having an active internet connection. The connection must be strong enough to support multiple online trades. It is even to be used for communications.
  • An establishment for research services. This is to be used to provide apt information to clients.
  • Having an office space for business infrastructure instalments. The space must be minimum 200 sq. ft.
  • Certain trading terminals. These terminals must be built and installed as per industry standards.
Eureka Securities Partner Infrastructure Requirement
Find the various Infra required to take up Eureka Securities 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? Yes
How much is the size of Office Area required to become a Sub Broker? Minimum 200 Sq Ft

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What are the eligibility criteria to become Eureka Securities Partner?

Eureka Securities franchise’s eligibility criteria is yet another requirement to be followed. It requires: –

  • The applicants to be of a certain age. No one below the age of 21 is allowed to even apply for business rights. And, the applicants must produce their age verification documents during the registration.
  • An applicants to have a certain educative qualification. Only the applicants with minimum intermediate’s degree are allowed to enrol. However, the ones with a bachelor’s degree are preferred.
  • The applicants to have certain experience. In fact, every applicant is expected to have minimum 2 years of experience.
  • An applicants to have some special certifications. One of the most important is that from SEBI. It allows the partners to commence business without restrictions.

What is the brokerage charges levied to the Clients of Eureka Securities Partners?

Eureka Securities partner charges are a list of charges that must be followed by all partners. It specifies the charges to be incurred for specific broking services. And, here’s how it goes: –

The clients must be charged

  • 0.03% for equity intraday services.
  • 0.30% for equity delivery services.
  • Rs. 50 per lot for equity options.
  • 0.03% for equity futures.
  • Rs. 20 per lot currency options.
  • 0.03% for currency futures.
  • 0.03% for commodity.
Eureka Securities Sub Broker – Brokerage Charges to Clients
Here are the brokerage charges levied by Eureka Securities Sub Broker to their clients
What are Equity Intraday charges? 0.03%
How much are Equity Delivery charges? 0.30%
How much is the charge levied on Equity Options? Rs.50 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 Eureka Securities Sub Broker?

Eureka Securities franchise charges are confined for services other than brokerage. The lis includes: –

  • Charging the clients at Rs. 400 for account opening.
  • Charging the clients at 0.00300% for transactions they make.
  • Not charging anything for Demat or Trading AMC.
  • And, instructing the clients to maintain a margin money of at least Rs. 15,000.
Eureka Securities Franchise – Account Opening Charges to Clients
Here are the account opening charges levied by Eureka Securities Franchise to their clients
What are the Account Opening Charges? Rs.400
What is the Margin Money required? Rs.15,000 Minimum
What is the charge for Demat AMC? Free
how much are Trading AMC charges? Free
How much is the Transaction Charges levied? 0.00300%

What is the Customer Ratings of Eureka Securities Authorised Person Program?

Eureka Securities franchise ratings can be deciphered from the above chart. It chows the rating on several parameters. And the scale of rating is 1-5. It rates: –

  • The franchiser gets 2.5/5 for revenue sharing model.
  • Franchiser gets 2.5/5 for security deposit.
  • The franchiser gets 2.5/5 for experience.
  • Franchiser gets 2.6/5 for offers they grant.
  • The franchiser gets 2.3/5 for mobile app and trading platforms.
  • Franchiser 2.5/5 on their overall functioning.
Eureka Securities Franchise Customer Ratings
Find Client Ratings & Reviews against multiple parameters for Eureka Securities
According to Revenue Sharing Model of the Franchiser 2.5 / 5
Ratings as per Security Deposit provided by the company 2.5 / 5
As per Experience in the Sub Broker Business 2.5 / 5
As per Offers provided by the Broking Franchise 2.6 / 5
Ratings as per Mobile Trading App & Trading Platforms 2.3 / 5
Overall Ratings of the Sub Broker Franchise 2.5 / 5
Star Ratings ★★★☆☆

Eureka Securities Franchise Conclusion

We’d say that you can trust Eureka Securities Franchise for financial franchisee. And, the review we’ve presented does not say otherwise.


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