Goldmine Stocks Franchise is rolling since 1994 with the establishment of the firm Goldmine Stocks by Bhavin Magdani in the city of Mumbai. The Goldmine Stocks sub-brokers get 70% of the revenue as the highest share for a security deposit of Rs. 1 lakh only.
While the minimum security deposit that you need to pay to have the rights to deal in the Goldmine Stocks investments products is Rs. 30000 only. The minimum share of revenue that you get entitled to for this is 50% which is at par with the market.
The private full-service broker takes around 3 to 5 weeks to generate the code for sub-broking. They made the payments every 33 days for the franchise holders.
| Goldmine Stocks Sub Broker Highlight | |
| Top Business Model | Sub Broker |
| Initial Investment Required | Rs.30,000 – Rs.100,000 |
| Revenue Sharing | 50% – 70% |
| Payout Time | 33 Days |
| SB Code Activation Time | 3-5 Weeks |
What do you know about Goldmine Stocks Franchise?
| Goldmine Stocks Business Partner Overview | |
| Here is the overview of the Goldmine Stocks Franchise | |
| What type of Company is it? – Public / Private | Private |
| What is the Broker type? | Full Service Broker |
| Where is the Headquarter located? | Mumbai, Karnataka |
| Who is the Founder? | Bhavin Magdani |
| What is the year of establishment? | 1994 |
| 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 Goldmine Stocks Sub Broker Program provides?
| Goldmine Stocks Franchise Business Models | |
| Know about various Business Models of Goldmine Stocks | |
| Is the Sub Broker business model available? | Yes |
| Do they provide Referral Program? | No |
| Do they provide Master Franchise Model? | Yes |
| Does this broker provide Partner / Remisier model? | No |
How does Goldmine Stocks Sub Broker Revenue Sharing work?
| Goldmine Stocks Sub Broker Revenue Sharing | |
| Find the details of Goldmine Stocks Sub Broker Commission for all Business Models | |
| What is the revenue sharing for Sub Broker program? | 50% – 70% |
| Do they provide revenue sharing or direct pay for Referral Program? | NA |
| How much is the revenue sharing Master Franchise business? | 75% – 85% |
| How much is the revenue sharing required for Partner / Remisier model? | NA |
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What is the Goldmine Stocks Business Partner Security Deposit requirement?
| Goldmine Stocks Franchise Security Deposit | |
| Check the Goldmine Stocks Franchise cost requirement for each business model | |
| How much is security deposit required for Sub Broker Program? | Rs.30,000 – Rs.100,000 |
| Is there any security deposit required for Referral Program? | NA |
| What is the initial investment required for Master Franchise Model? | Rs.300,000 – Rs.500,000 |
| What is the deposit required for Partner / Remisier Model? | NA |
What are the various Offers rolled out by Goldmine Stocks Authorised Person Program?
| Goldmine Stocks Sub Broker Offers | |
| Here is the list of Goldmine Stocks 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? | No |
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What are the various Supports provided to Goldmine Stocks Business Partner?
| Goldmine Stocks Business Partner Support | |
| Here are the various Support Goldmine Stocks 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? | No |
Which is the Infrastructure required for Goldmine Stocks Sub Broker Program?
| Goldmine Stocks Partner Infrastructure Requirement | |
| Find the various Infra required to take up Goldmine Stocks 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 |
Find out the basic requirements of other Stock Broking Franchise
What are the brokerage charges levied on the Clients of Goldmine Stocks Partners?
| Goldmine Stocks Sub Broker – Brokerage Charges to Clients | |
| Here are the brokerage charges levied by Goldmine Stocks Sub Broker to their clients | |
| What are Equity Intraday charges? | 0.02% |
| How much are Equity Delivery charges? | 0.15% |
| How much is the charge levied on Equity Options? | Rs.15 per Lot |
| How much are the Currency Options charges? | Rs.10 per Lot |
| What are Equity Futures charges? | 0.02% |
| What are the charges levied on Currency Futures? | 0.02% |
| What are the charges levied on Commodity Trading? | 0.02% |
What is the Account Opening Charges Levied to the clients of Goldmine Stocks Sub Broker?
| Goldmine Stocks Franchise – Account Opening Charges to Clients | |
| Here are the account opening charges levied by Goldmine Stocks Franchise to their clients | |
| What are the Account Opening Charges? | Rs.330 |
| What is the Margin Money required? | Minimum Rs.10,000 |
| 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 are the Customer Ratings of Goldmine Stocks Authorised Person Program?
| Goldmine Stocks Franchise Customer Ratings | |
| Find Client Ratings & Reviews against multiple parameters for Goldmine Stocks | |
| 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 | ★★★☆☆ |
Goldmine Stocks Franchise Conclusion
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