Progressive Share Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

Being a private stock broking company, Progressive Share Franchise took an initiative to offer about 65% – 75% as the revenue sharing. In addition to that, the company became popular among the sub-brokers because it offers less payout time, which is for 28 days.

But somewhere the company has again depressed the traders because it takes too long that is 45 days for activating the SB code. But before taking any step make a note that Progressive Share Sub Broker Program takes Rs.25,000 to Rs.50,000 as the payment for the initial investment.

The private full-service sub-broker type company Progressive share got identification in the year 1994 in Mumbai. It got full guidance from the person Anil Nandkumar Gaggar,  who is the founder of the company.

Progressive Share Sub Broker Highlight
Top Business ModelSub Broker
Initial Investment RequiredRs.25,000 to Rs.50,000
Revenue Sharing65% – 75%
Payout Time28 Days
SB Code Activation Time45 Days

Progressive Share Franchise SubBroker


What do you know about Progressive Share Franchise?

Progressive Share Business Partner Overview
Here is the overview of Progressive Share Franchise
What type of Company is it? – Public / PrivatePrivate
What is the Broker type?Full Service Broker
Where is the Headquarter located?‎Mumbai, India
Who is the Founder?Anil Nandkumar Gaggar
What is the year of establishment?1994
How many days does it take for SB Code Activation?45 Days
How many days/weeks it takes for Payout?28 Days

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    What are the various Business Models that Progressive Share Sub Broker Program provides?

    Progressive Share Franchise Business Models
    Know about various Business Models of Progressive Share
    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 Progressive Share Sub Broker Revenue Sharing work?

    Progressive Share 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?65% – 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?NA

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    What is the Progressive Share Business Partner Security Deposit requirement?

    Progressive Share Franchise Security Deposit
    Check the Progressive Share Franchise cost requirement for each business model
    How much is security deposit required for Sub Broker Program?Rs.25,000 to Rs.50,000
    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 Progressive Share Authorised Person Program?

    Progressive Share Sub Broker Offers
    Here is the list of Progressive Share 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

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    What are the various Supports provided to Progressive Share Business Partner?

    Progressive Share Business Partner Support
    Here are the various Support Progressive Share 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 Progressive Share Business Associate?

    Progressive Share Partner Infrastructure Requirement
    Find the various Infra required to take up Progressive Share Franchise
    What is the Employee Strength needed to start this franchise?Minimum 3
    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?Minimum 200 Sq Ft

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    What is the brokerage charges levied to the Clients of Progressive Share Partners?

    Progressive Share Sub Broker – Brokerage Charges to Clients
    Here are the brokerage charges levied by Progressive Share Sub Broker to their clients
    What are Equity Intraday charges?0.035%
    How much are Equity Delivery charges?0.35%
    How much is the charge levied on Equity Options?Rs.35 per Lot
    How much are the Currency Options charges?Rs.15 per Lot
    What are Equity Futures charges?0.035%
    What are the charges levied on Currency Futures?0.035%
    What are the charges levied on Commodity Trading?0.035%

    What is the Account Opening Charges Levied to the clients of Progressive Share Sub Broker?

    Progressive Share Franchise – Account Opening Charges to Clients
    Here are the account opening charges levied by Progressive Share Franchise to their clients
    What are the Account Opening Charges?Rs.250
    What is the Margin Money required?Minimum Rs.5,100
    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?0.00299% of Total Turnover

    What is the Customer Ratings of Progressive Share Authorised Person Program?

    Progressive Share Franchise Customer Ratings
    Find Client Ratings & Reviews against multiple parameters for Progressive Share
    According to Revenue Sharing Model of the Franchisor3.2 / 5
    Ratings as per Security Deposit provided by the company3.3 / 5
    As per Experience in the Sub Broker Business3.4 / 5
    As per Offers provided by the Broking Franchise3.2 / 5
    Ratings as per Mobile Trading App & Trading Platforms3.5 / 5
    Overall Ratings of the Sub Broker Franchise3.3 / 5
    Star Ratings★★★☆☆

    Progressive Share Business Associate Conclusion

     


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