Modex Securities Franchise earns up to 80% share in the revenue. This revenue is generated by the individual Modex Securities sub-brokers and out of that, they get a minimum of 55% and the maximum as mentioned above.
The minimum security deposit requirement for the sub-brokers business profile is Rs. 50000 while the maximum is Rs. 1 lakh. The maximum revenue can only be earned when you keep the maximum security deposit.
The payment cycle of the Modex Securities is 35 days and it also takes the same amount of time (at the beginning) for generating the sub-brokers code.
Modex Securities is a public company which serves the investors as a traditional broker with every possible investment services and products. The firm was incorporated in the year 1995 by Dharmendra Kumar Arora in the city of New Delhi.
|Modex Securities Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.100,000|
|Revenue Sharing||55% – 80%|
|Payout Time||35 Days|
|SB Code Activation Time||35 Days|
What do you know about Modex Securities Franchise?
|Modex Securities Business Partner Overview|
|Here is the overview of Modex Securities Franchise|
|What type of Company is it? – Public / Private||Public|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||New Delhi, Delhi|
|Who is the Founder?||Dharmendra Kumar Arora|
|What is the year of establishment?||1995|
|How many days does it take for SB Code Activation?||35 Days|
|How many days/weeks it takes for Payout?||35 Days|
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What are the various Business Models that Modex Securities Sub Broker Program provides?
|Modex Securities Franchise Business Models|
|Know about various Business Models of Modex 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 Modex Securities Sub Broker Revenue Sharing work?
|Modex Securities Sub Broker Revenue Sharing|
|Find the details of Modex Securities Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||55% – 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|
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What is the Modex Securities Business Partner Security Deposit requirement?
|Modex Securities Franchise Security Deposit|
|Check the Modex Securities Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.50,000 – Rs.100,000|
|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 Modex Securities Authorised Person Program?
|Modex Securities Sub Broker Offers|
|Here is the list of Modex 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?||No|
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What are the various Supports provided to Modex Securities Business Partner?
|Modex Securities Business Partner Support|
|Here are the various Support Modex 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?||Yes|
|Are they providing Trading Support to their business partners?||Yes|
|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 Modex Securities Sub Broker Program?
|Modex Securities Partner Infrastructure Requirement|
|Find the various Infra required to take up Modex 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?||Yes|
|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 100 Sq Ft|
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What is the brokerage charges levied to the Clients of Modex Securities Partners?
|Modex Securities Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Modex Securities Sub Broker to their clients|
|What are Equity Intraday charges?||0.02%|
|How much are Equity Delivery charges?||0.16%|
|How much is the charge levied on Equity Options?||Rs.16 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?||NA|
What is the Account Opening Charges Levied to the clients of Modex Securities Sub Broker?
|Modex Securities Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Modex Securities Franchise to their clients|
|What are the Account Opening Charges?||Rs.160|
|What is the Margin Money required?||Minimum Rs.15,000|
|What is the charge for Demat AMC?||Rs.160 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00%|
What is the Customer Ratings of Modex Securities Authorised Person Program?
|Modex Securities Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Modex Securities|
|According to Revenue Sharing Model of the Franchisor||2.3 / 5|
|Ratings as per Security Deposit provided by the company||2.5 / 5|
|As per Experience in the Sub Broker Business||2.2 / 5|
|As per Offers provided by the Broking Franchise||2.2 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.3 / 5|
|Overall Ratings of the Sub Broker Franchise||2.3 / 5|
Modex Securities Franchise Conclusion
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