The private discount sub-broking company Fyers Franchise established in the year 2015 in Bangalore by the founder of the company Tejas Khoday & Shreyas Khodey follows the referral business model.
The company Fyers sub-broker is considered suitable, as it charges nothing from the traders as a minimum or maximum investment. On top of that, it takes only 30 days to release the payout.
However, traders should be mindful of the fact that the company also takes 30 days to activate the sub-broker code. Besides everything, traders might see that the percentage of revenue share is not satisfying because it is only 25%.
| Fyers Sub Broker Highlight | |
| Top Business Model | Referral Program |
| Initial Investment Required | Zero |
| Revenue Sharing | 20% |
| Payout Time | 30 Days |
| SB Code Activation Time | 30 Days |
What do you know about Fyers Franchise?
Fyers Franchise is a franchise program started by the company to offer an additional opportunity for earning to the traders and investors associated with the entity.
The entity offers a very sorted and straight procedure to enroll as a Fyers Franchise. By becoming a business partner with Fyers, you can earn stable earnings for a very long time. It’s highly dependent upon your client map.
| Fyers Business Partner Overview | |
| Here is the overview of Fyers Franchise | |
| What type of Company is it? – Public / Private | Private |
| What is the Broker type? | Discount Broker |
| Where is the Headquarter located? | Bangalore, Karnataka |
| Who is the Founder? | Tejas Khoday, Shreyas Khodey & Yashas Khodey |
| What is the year of establishment? | 2015 |
| How many days does it take for SB Code Activation? | 30 Days |
| How many days/weeks it takes for Payout? | 30 Days |
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What are the various Business Models that Fyers Sub Broker Program provides?
Under the Fyers Franchise Program, there are two broad types of business models where you can start your journey.
- Sub-broker/Authorized Person
- Referral Program
You can a full-time business as a Fyers Franchise owner or sub broker, or you can take small leaps with the referral program and earn in small chunks.
| Fyers Franchise Business Models | |
| Know about various Business Models of Fyers | |
| Is the Sub Broker business model available? | No |
| Do they provide Referral Program? | Yes |
| Do they provide Master Franchise Model? | No |
| Does this broker provide Partner / Remisier model? | No |
How does Fyers Sub Broker Revenue Sharing work?
Fyers Franchise is one of the high-ranking business franchise in the segment. The company has successfully emerged as a preferred name in a few years.
On the initial level, Fyers Franchise offers you a revenue sharing of 30:70 where the major portion i.e., 70% remains with the company, and the remaining 30% goes to the sub broker.
But this revenue sharing is not fixed. As your client base is increased and you add more and more clients with the company, the revenue sharing model can be changed leading to a higher percentage in your pocket.
| Fyers 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? | NA |
| Do they provide revenue sharing or direct pay for Referral Program? | 20% |
| 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 Fyers Business Partner Security Deposit requirement?
One of the perks of joining the team of Fyers Franchise is that you are subject to any type of security deposit. The sub-broker can start with ZERO Security deposit.
The company takes high pride in the fact that the initial investment to start as a sub-broker is one of the lowest as compared to many of its peers.
| Fyers Franchise Security Deposit | |
| Check the Fyers Franchise cost requirement for each business model | |
| How much is security deposit required for Sub Broker Program? | NA |
| Is there any security deposit required for Referral Program? | Zero |
| 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 Fyers Authorised Person Program?
One of the key features that can drive a person to start a new business that too in the stock market is the offers and convenience in operating and managing the business. Fyers Franchise stays in front of this list with its attractive offers and features.
Some of these offers are listed below:
- Flexible revenue sharing model
- Referral Program
- Zero Security Deposit
- Low initial investment cost
- Fast and efficient trading platforms
- Good Wealth Management Advisory
| Fyers Sub Broker Offers | |
| Here is the list of Fyers 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 |
Check out the various offers of other Sub Broker Providers
What are the various Supports provided to Fyers Business Partner?
Starting a business is not everyone’s cup of tea. It requires continuous efforts, resources, back-end support, etc. Fyers franchise helps you at every step from the setting up of your business to taking it off and attaining progressive momentum.
- Product Training
- Advertising Material
- Training of the Trading Platforms
- Research Reports
- Setting-up guide
| Fyers Business Partner Support | |
| Here are the various Support Fyers 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? | No |
| Are they providing Trading Support to their business partners? | No |
| 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 Fyers Business Associate?
The infrastructure requirement of Fyers Franchise is not so rigid and complex. You just need a decent office space of at least 300 sq. ft. area where you can meet your clients and execute your daily work. You will need essential laptops/computers, scanners & printers to maintain work efficiency.
| Fyers Partner Infrastructure Requirement | |
| Find the various Infra required to take up Fyers Franchise | |
| What is the Employee Strength needed to start this franchise? | Not Mandatory |
| Do the Sub Broker needs to provide Trading Terminals? | No |
| 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? | Not Mandatory |
Find out the basic requirements of other Stock Broking Franchise
What are the brokerage charges levied on the Clients of Fyers Partners?
Let’s check out the brokerage that is levied on the clients of the Fyers Partner/ Sub broker:
- There are no charges on equity delivery trading.
- 01% or Rs.20 per Executed order for Equity Intraday, Equity Futures, Currency Futures, and Commodity Trading
- Rs.20 per executed order is charged for Equity Options and Currency Options
| Fyers Sub Broker – Brokerage Charges to Clients | |
| Here are the brokerage charges levied by Fyers Sub Broker to their clients | |
| What are Equity Intraday charges? | 0.01% or Rs.20 per Executed order |
| How much are Equity Delivery charges? | Free |
| How much is the charge levied on Equity Options? | Rs.20 per executed order |
| How much are the Currency Options charges? | Rs.20 per executed order |
| What are Equity Futures charges? | 0.01% or Rs.20 per Executed order |
| What are the charges levied on Currency Futures? | 0.01% or Rs.20 per Executed order |
| What are the charges levied on Commodity Trading? | 0.01% or Rs.20 per Executed order |
What are the Account Opening Charges Levied to the clients of Fyers Sub Broker?
One of the major attractions for Fyers Sub broker to offer to its prospective clients is the Free Account Opening that means while opening a new account, the clients are required to pay Zero.
Further, Fyers does not charge any sum in the form of Annual Maintenance charges for the Demat Account for the first year. From the succeeding year, the charges are Rs. 300 per year.
Another good news for the Fyer Franchise clients is that they do not have to worry about the Trading Account AMC ever as the charges stand at Rs. 0.
| Fyers Franchise – Account Opening Charges to Clients | |
| Here are the account opening charges levied by Fyers Franchise to their clients | |
| What are the Account Opening Charges? | Free |
| What is the Margin Money required? | 0.00275% of Total Turnover |
| What is the charge for Demat AMC? | 1st Year Free & Rs.300 per Annum |
| how much are Trading AMC charges? | Free |
| How much is the Transaction Charges levied? | Zero Margin |
How to become a Fyers Partner or Sub Broker?
To become a Fyers partner Sub-Broker, adhere to the steps listed below: For opening the account with the broker, the user needs to open their Demat account.
Also, please send all requisite KYC details mentioned in the checklist. On receiving the paperwork, the broker’s team will perform the IPV, which can be done online or in person.
The user had to go through the verification process for opening a trading account with the broker. And once the account is approved, you can start trading with Fyers.
For registering with the sub-broker, the user needs to share proof of his age, identity proof, a canceled cheque, address proof, and four passport-size pictures.
List of Documents that need to be submitted to become Fyers Partner
For the documents to be submitted to one of the brokers, you need to submit some documents. Here is the list of KYC documents required to submit to be a Fyers Sub Broker:
- Potential brokers must submit their passports, driving licenses, or Aadhar cards to prove their age eligibility.
- Address proof documents, i.e., Voter ID, driving license, Passport, or Aadhar card, any of these cards can be submitted.
- You can give us your bank details by sending us a copy of your voided check.
- Photographs in passport-style format.
Why partner with Fyers?
Being one of the growing companies in the financial market, the Fyers reap the advantage of exploring the newest trading strategy to make their mark in the trading industry.
Their great trading platform will help you save time and money by reducing your workload in completing deals.
You will own a chance to represent Fyers as one of their brand ambassadors and spread their good words about investing in the stock market via Fyers.
It is quite possible for Fyers and you to work together and then transform the people and their views regarding making their investments in stock markets.
Fyers Pros and Cons
The following categories best describe how Fyers can benefit you. It would help if you studied both the advantages and disadvantages of utilizing Fyers before you can create an account there.
Weighing Fyers’ partner program’s advantages and disadvantages can help you assess whether it satisfies your criteria for an investment.
Pros
- It costs nothing to create an online account.
- Equity Delivery trading without additional fees. Cash and carry trades are free of brokerage charges.
- An inexpensive broker that provides incredibly low commission rates. No matter the transaction amount or the trading sector, Fyers charges a flat price of 20 rupees for every trade, with a maximum brokerage fee of 20.
- No hidden fees. Very simple and easy-to-comprehend rates.
- Downloading any of the trading software doesn’t cost anything.
- A single margin account for trading.
- A lifetime bonus of 20% of any revenue your friends’ referrals generate will be given to you if you recommend them to use our service.
Cons
Exchange transaction costs are much higher than those charged by competitive discount brokers.
Fyers Franchise Registration
Fyers registration is not particularly challenging. Alongside one another, it offers services for Demat and stock trading accounts. Customers are in charge of covering all costs associated with trading with Fyers, including fees, charges, and taxes.
Here you can open your demat account to start trading online. The organization offers the highest caliber trading systems, with transparency and no brokerage fees.
To start working with Fyers, fill out the form available on their official website. You must complete the appropriate KYC paperwork and trading account criteria required to be a Fyers sub-broker.
The next step is to submit the paperwork, which should be scanned copies of the required documentation. The last step is electronically signing your applications, which you can do by using “Aadhar OTPs.”
After creating an account on the Fyers platform, you won’t have trouble getting started trading because the registration procedure is incredibly simple.
Earning potential of a Fyers Partner / ROI
If you’ve been wondering how to make money without trading or what the advantages of growing your network by bringing on more people are, the answer is here.
The Fyers commission for Fyers Business Partner doesn’t follow a certain model. Twenty percent of any revenue generated in the future by those who sign up using your referral link will go to you.
Because of this, the more referrals you have, the more money you will ultimately gain from the sales those referrals produce.
As a result, the FYERS commission accounts for 80% of total revenue, while the referral commission accounts for 20%.
Fyers Authorized Person – Products Offered
With Fyers, the authorized person is assigned a similar role as a business partner. He had to register the business if he selected the business option and as an authorized person if we selected the option for an authorized person.
The conditions stated in the agreement will stand true for the commission divisions. Selecting the Fyers authorized option will allow you to conduct business as an authorized person on the exchange.
It will be easier for individuals to seek acceptance and exercise the freedom to work with the stock exchange.
What are the Customer Ratings of Fyers Authorised Person Program?
| Fyers Franchise Customer Ratings | |
| Find Client Ratings & Reviews against multiple parameters for Fyers | |
| According to Revenue Sharing Model of the Franchisor | 3.3 / 5 |
| Ratings as per Security Deposit provided by the company | 3.4 / 5 |
| As per Experience in the Sub Broker Business | 3.5 / 5 |
| As per Offers provided by the Broking Franchise | 3.7 / 5 |
| Ratings as per Mobile Trading App & Trading Platforms | 3.3 / 5 |
| Overall Ratings of the Sub Broker Franchise | 3.5 / 5 |
| Star Ratings | ★★★☆☆ |
Fyers Business Associate Conclusion
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