My Value Trade Franchise is a very well-recognized name in the stock market with a long-running business.
If you want to be a My Value Trade Sub Broker, then go through this article thoroughly to understand the various business rules and regulations of the company.
Here in this article, all the details about the policies, business models, revenue schemes, commission ranges, infrastructural requirements, eligibility criteria, and customer ratings of My Value Trade will be discussed.
|My Value Trade Sub Broker Highlight|
|Top Business Model||Remisier|
|Initial Investment Required||Zero|
|Payout Time||30 Days|
|SB Code Activation Time||31 Days|
What do you know about My Value Trade Franchise?
My Value Trade Sub Broker is an LLP company situated in Mumbai, Maharashtra. It is a group of discount brokers established in the year 2015. Mr. Prasanna Kandeepan has founded this company and has been leading it to success since its inception.
My Value Trade Franchise needs 31 days to activate the Sub Broker Code and near about 30 days as Payout Time.
|My Value Trade Business Partner Overview|
|Here is the overview of My Value Trade Franchise|
|What type of Company is it? – Public / Private||LLP|
|What is the Broker type?||Discount Broker|
|Where is the Headquarter located?||Mumbai, India|
|Who is the Founder?||Prasanna Kandeepan|
|What is the year of establishment?||2015|
|How many days does it take for SB Code Activation?||31 Days|
|How many days/weeks it takes for Payout?||30 Days|
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What are the various Business Models that My Value Trade Sub Broker Program provides?
A My Value Trade Sub Broker can get access to 2 different types of business models, namely Referral Program and Remisier.
The other two models of Sub Broker and Master Franchise are not offered to a My Value Trade Franchise. Business partners can go by the type they think to be beneficial.
My Value Trade Remisier / Partner Program
In the Remisier or Partner Program Model, the client works as an agent of the firm. His/her sole work is to provide clients to My Value Trade. They will receive certain percentage of the revenue of the clients they have referred.
My Value Trade Referral Program
In Referral Program, the clients can refer to his/her relatives, friends or anyone. They receive a fixed amount for each refer & also gets the amount per trade as revenue sharing.
|My Value Trade Franchise Business Models|
|Know about various Business Models of My Value Trade|
|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?||Yes|
How does My Value Trade Sub Broker Revenue Sharing work?
As per the My Value Trade Franchise Revenue Sharing model, sub-brokers do not get any revenue as the model is not there.
In the Referral Program, revenue sharing is Rs.500 per Refer and Rs. 10 per trade from each transaction done by the referrar.
The Master Franchise model is not applicable here. The My Value Trade Sub Broker Commission, offered in Remisier model is 25%.
|My Value Trade 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?||Rs.500 per Refer & 10% Sharing|
|How much is the revenue sharing Master Franchise business?||NA|
|How much is the revenue sharing required for Partner / Remisier model?||25%|
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What is the My Value Trade Business Partner Security Deposit requirement?
There is no My Value Trade Sub Broker Investment involved in the Sub Broker and Master Franchise model as the company does not follow them.
In the Referral Program, the business partners do not have to pay any security deposit to get the trading license. My Value Trade Franchise Cost for the Remiser model is also zero.
|My Value Trade Franchise Security Deposit|
|Check the My Value Trade 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?||Zero|
What are the various Offers rolled out by My Value Trade Authorised Person Program?
My Value Trade Sub Broker Offers Flexible Revenue Sharing to its business partners. The company also follows the 10K initial deposit scheme.
But My Value Trade Franchise Offers do not go by the systems of Flat Revenue Sharing, Zero Revenue Sharing with Prepaid, and Zero Deposit for conducting its business.
|My Value Trade Sub Broker Offers|
|Here is the list of My Value Trade 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?||Yes|
Check out the various offers of other Sub Broker Providers
What are the various Supports provided to My Value Trade Business Partner?
My Value Trade Franchise Support includes different types of valuable supporting methods for the business partners that can help them to operate the business better.
The sub-brokers and franchisees are provided training on the acquisition, products, and dealing with their clients.
They are given proper back-office support and taught how to trade perfectly. My Value Trade Partner Support does not include advisory and marketing supports.
|My Value Trade Business Partner Support|
|Here are the various Support My Value Trade Franchise needs to provide to their clients|
|Do they provide Acquisition Training to their associates?||Yes|
|Do they provide Training for Dealers of their sub brokers?||Yes|
|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?||No|
|Does the broking house provide Marketing Support to their sub brokers?||No|
Which is the Infrastructure required for My Value Trade Business Associate?
As any other broking house, My Value Trade also asks their potential business partners to abide by certain infrastructural requirements.
If they are unable to follow the My Value Trade Partner Requirements, then they are denied a trading license.
Therefore the minimum requirement that needs to be followed by the business partners are:
- The partners must maintain a trading terminal
- There should be stable Internet and Telephone connections
- The need for research services is not mandatory
- My Value Trade Sub Broker Infra Requirement does not include any minimum area of the office or employee strength
|My Value Trade Partner Infrastructure Requirement|
|Find the various Infra required to take up My Value Trade Franchise|
|What is the Employee Strength needed to start this franchise?||NA|
|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?||No|
|How much is the size of Office Area required to become a Sub Broker?||NA|
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What are the eligibility criteria to become an My Value Trade Partner?
According to the policies of the company, there are certain factors that determine the My Value Trade Sub Broker Eligibility. These criteria are simple and should be followed by anyone who wants to partner with the company.
- The business partners must get registered with SEBI
- They should hold a degree of graduation
- The sub-brokers must be of at least 18 years of age
- According to My Value Trade Franchise Eligibility criteria, the partners should not have any criminal record
What is the brokerage charges levied to the Clients of My Value Trade Partners?
The brokerage charges, according to the My Value Trade Partner Charges policies are displayed in the table above.
The Equity Intraday is between 0.01% and 0.02%. Charges for Equity Delivery are in the range of 0.1% and 0.2%.
My Value Trade Authorized Person Charges between Rs.10 and Rs.20 per lot for Equity Options and that for Currency Options are Rs.7 to Rs.10 for a lot.
Brokerage charges for Equity Futures, Currency Futures, and Commodity are 0.01% to 0.02%.
|My Value Trade Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by My Value Trade Sub Broker to their clients|
|What are Equity Intraday charges?||0.01% – 0.02%|
|How much are Equity Delivery charges?||0.1% – 0.2%|
|How much is the charge levied on Equity Options?||Rs.10 – Rs.20 per Lot|
|How much are the Currency Options charges?||Rs.7 – Rs.10 per Lot|
|What are Equity Futures charges?||0.01% – 0.02%|
|What are the charges levied on Currency Futures?||0.01% – 0.02%|
|What are the charges levied on Commodity Trading?||0.01% – 0.02%|
What is the Account Opening Charges Levied to the clients of My Value Trade Sub Broker?
My Value Trade Franchise Charges a very less amount of Rs.300 for opening an account of a client. The margin money that the clients need to maintain with the franchises is at least Rs.1000.
The amount that My Value Trade Sub Broker Charges for the AMC of Demat account is Rs.300 for a year and that for the Trading account is zero. The company lays a transaction charge of 0.0029% of the total turnover.
|My Value Trade Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by My Value Trade Franchise to their clients|
|What are the Account Opening Charges?||Rs.300|
|What is the Margin Money required?||Minimum Rs.1,000|
|What is the charge for Demat AMC?||Rs.300 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.0029% of Total Turnover|
What is the Customer Ratings of My Value Trade Authorised Person Program?
The My Value Trade Franchise Ratings are quite decent from the customers’ end. The Revenue Sharing Model of the franchises has fetched a good 3.2 out of 5 points from the customers. Security Deposit is given 3.3 points, and Experience has got 3.4 points.
Its offer from the company have received 3.2 points from the customers and the Mobile apps and Trading platforms run by the franchises have been awarded the maximum of 3.5 points.
According to the My Value Trade Sub Broker Review, the overall ratings received by the sub-brokers and the franchises are 3.3 points along with 3 stars.
|My Value Trade Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for My Value Trade|
|According to Revenue Sharing Model of the Franchisor||3.2 / 5|
|Ratings as per Security Deposit provided by the company||3.3 / 5|
|As per Experience in the Sub Broker Business||3.4 / 5|
|As per Offers provided by the Broking Franchise||3.2 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||3.5 / 5|
|Overall Ratings of the Sub Broker Franchise||3.3 / 5|
My Value Trade Business Associate Conclusion
My Value Trade Franchise gets all the possible supports from the company that can help them prosper in the maximum ways.
Each and every My Value Trade Sub Broker is trained thoroughly by the company so that they can trade better. If you too want to partner with My Value Trade then you should contact them at the earliest.
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