The preferred business model that SMC Global Franchise works with is a sub-broker model. Some of the significant highlights of SMC Global Sub Broker are; first, the initial investment requirement must range between ₹50,000 to ₹1,00,000.
Next, the profit-sharing ratio typically varies between 65% – 75%. The pay-out time is on the higher end if you compare them with their rival companies, which is between 30-45 days. Lastly, they usually take between 2-3 weeks to activate the SB code.
|SMC Global Sub Broker Highlight
|Top Business Model
|Initial Investment Required
|Rs.50,000 – Rs.100,000
|65% – 75%
|SB Code Activation Time
What do you know about SMC Global Franchise?
If you are considering SMC Global Sub Broker as your business partner, you should know about the company first.
SMC Global Franchise is a private limited company established in the year 1994. Mr. S C Aggarwal is the founder of the company and had a clear vision of what he wants.
So, over 25 years, SMC Global is a thriving full-service broker whose headquarter is located in the capital city, Delhi.
As discussed before, they typically take between 30-45 days to pay, while the average activation time of the SB codes is between 2-3 weeks.
|SMC Global Business Partner Overview
|Here is the overview of SMC Global Franchise
|What type of Company is it? – Public / Private
|What is the Broker type?
|Full Service Broker
|Where is the Headquarter located?
|Who is the Founder?
|S C Aggarwal
|What is the year of establishment?
|How many days does it take for SB Code Activation?
|How many days/weeks it takes for Payout?
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What are the various Business Models does SMC Global Sub Broker Program provides?
The fact that the SMC Global Franchise is exclusively a Sub Broker allows them to focus on their services.
- Sub Broker / Authorised Person
SMC Global Sub Broker / Authorised Person
As most of the sub-broking companies, are also registered with SEBI, and not a direct trading members. Stockbroking companies hire them and pay monthly commissions.
Unlike most companies, SMC Global Sub Broker is not a Master Franchise; neither can you call them a Remisier.
They don’t have an active Referral Program either. However, what they offer is precise and efficient.
|SMC Global Franchise Business Models
|Know about various Business Models of SMC Global
|Is the Sub Broker business model available?
|Do they provide Referral Program?
|Do they provide Master Franchise Model?
|Does this broker provide Partner / Remisier model?
How does SMC Global Sub Broker Revenue Sharing work?
SMC Global Franchise revenue sharing is limited to only the Sub Broker services. SMC Global Sub Broker is not a Remisier, neither they provide any revenue-earning option via Referral Programs.
They can’t be considered as a Master Franchise as they don’t deal with such activities. Meanwhile, the revenue as SMC Global Sub Broker commission share is somewhere in between 65% – 75%, which you must agree is considerably higher than their rival companies.
|SMC Global Sub Broker Revenue Sharing
|Find the details of SMC Global 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?
|How much is the revenue sharing Master Franchise business?
|How much is the revenue sharing required for Partner / Remisier model?
Know about Revenue Sharing of other Sub Broker Franchise
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|Reliance Smart Money Franchise
What is the SMC Global Business Partner Security Deposit requirement?
SMC Global Franchise cost typically deals with only the sub-broker services. Now, SMC Global Sub Broker investment has an initial security deposit that the clients have to pay, which is between ₹50,000 – ₹1,00,000.
Now, as they are not a Remisier or a Master Franchise, security deposits are not applicable. Neither it is relevant for Referral Programs as they don’t have that service either.
|SMC Global Franchise Security Deposit
|Check the SMC Global 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?
|What is the initial investment required for Master Franchise Model?
|What is the deposit required for Partner / Remisier Model?
What are the various Offers rolled out by SMC Global Authorised Person Program?
SMC Global Franchise offers a flexible revenue-sharing plan, which works out perfectly for its clients.
However, some of the crucial offers are not available to their clients. Some noteworthy mentions are offers related to flat revenue sharing, zero revenue sharing with prepaid, and zero deposits.
Meanwhile, SMC Global Sub Broker offers ₹10,000 as an initial investment from their end, which will always keep the clients interested.
|SMC Global Sub Broker Offers
|Here are the list of SMC Global Franchise offers available to the clients
|Do they provide Flexible Revenue Sharing offer?
|Are they providing Flat Revenue Sharing offer?
|Do they offer Zero Revenue Sharing model with Prepaid payment?
|Do they provide Zero Deposit scheme?
|Are they offering 10k Initial Deposit scheme?
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What are the various Supports provided to SMC Global Business Partner?
When it comes to SMC Global Franchise support, they lack a few essential services. The most noticeable services among them are the lack of Acquisition Training, Dealing Training, Advisory support, and Marketing support.
However, SMC Global Partner support includes services like Product Training, Back-Office support, and trading support.
|SMC Global Business Partner Support
|Here are the various Support SMC Global Franchise needs to provide to their clients
|Do they provide Acquisition Training to their associates?
|Do they provide Training for Dealers of their sub brokers?
|Are they providing Product Training for their business partners?
|Do they provide Back-Office Support for their authorised person?
|Are they providing Trading Support to their business partners?
|Are they sharing Advisory Support with their partners?
|Does the broking house provide Marketing Support to their sub brokers?
Which is the Infrastructure required for SMC Global Sub Broker Program?
The SMC Global Partner requirement program has some parameters that you need to fulfill if you want to become a partner.
You need at least two employees to work for them for starters. To add to that, you must have Trading Terminals and need a stable internet connection.
Also, you must own a telephone connection that represents your business. Finally, the office area must be more than 250 square feet, which is part of the SMC Global Sub Broker Infra requirement.
Meanwhile, they have a dedicated research service, so this is not mandatory for you.
|SMC Global Partner Infrastructure Requirement
|Find the various Infra required to take up SMC Global Franchise
|What is the Employee Strength needed to start this franchise?
|Do the Sub Broker needs to provide Trading Terminals?
|Is the Internet Connection mandatory to take up franchise?
|Are Telephone Lines mandatory for Business Partners?
|Is mandatory to provide Research Services by Sub Broker?
|How much is the size of Office Area required to become a Sub Broker?
|Minimum 250 Sq Ft
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What are the Eligibility Criteria to Become SMC Global Partner?
Before you choose to apply to become a partner, you should check the SMC Global Sub Broker eligibility criteria:
- First, it is mandatory and right to be a registered member of SEBI.
- Second, you must be an adult. That is, you must be 18 years of age bare minimum to apply. Having a graduation degree will increase your chances for sure.
- Third, if you hold a degree or certification in the financial or stock market, you will have a better chance.
- Lastly, SMC Global Sub Broker Franchise eligibility criteria are incomplete if you have any dubious financial or social background. So, apply if you are clean.
What are the brokerage charges levied on the Clients of SMC Global Partners?
This stock broker provides a pretty flexible charge of brokerage, as there are 5 different options you can choose from. The base plan or the first slab is the BASIC PLAN, which has the lowest Margin amount of Less than 10,000 and the highest brokerage slab of 0.40% ( Delivery) & 0.04% ( Intraday, F&O).
Moving on with the next plan, the brokerage is 0.35% ( Delivery) & 0.035% ( Intraday, F&O), whereas the margin amount is 10,000 & above, and referred to as the Lite plan.
You can see the brokerage slab in the table provided to you below.
|SMC Global Sub Broker – Brokerage Charges to Clients
|Here are the brokerage charges levied by SMC Global Sub Broker to their clients
|0.16% (Delivery) & 0.016% (Intraday, F&O)
|0.20% (Delivery) & 0.02% (Intraday, F&O)
|0.30% (Delivery) & 0.03% (Intraday, F&O)
|0.35% (Delivery) & 0.035% (Intraday, F&O)
|0.40% (Delivery) & 0.04% (Intraday, F&O)
What are the Account Opening Charges Levied to the clients of SMC Global Sub Broker?
SMC Global Franchise charges ₹499 to open an account with them. Now, this can be frustrating for the clients as it is free to 50% of companies.
The minimum margin money threshold is ₹10,000, which is again on the higher side, while some companies don’t have such limitations.
While SMC Global Sub Broker charges ₹200 per annum for the AMC of the Demat accounts, the cost of AMC of the Trading account is zero.
However, there are transaction fees, which is usually 0.0025%.
|SMC Global Franchise – Account Opening Charges to Clients
|Here are the account opening charges levied by SMC Global Franchise to their clients
|What are the Account Opening Charges?
|What is the Margin Money required?
|What is the charge for Demat AMC?
|Rs.200 per Annum
|how much are Trading AMC charges?
|How much is the Transaction Charges levied?
How to become an SMC Partner or Sub Broker?
You must follow the simple procedure that is described below to register as a sub-broker with SMC:
- Start by providing the necessary information on the lead form located on this page.
- Await the customer executive’s call for confirmation.
- Wait for a call to schedule an appointment from the SMC Sales Representative Executive.
- Have a face-to-face meeting with the sales representative to review the opportunity, the requirements, and the expectations. You may also negotiate and agree on the terms at this time.
- Fulfilling the Initial Requirement and Providing Required Documents.
- SMC authenticates the documentation submitted.
- The account is authenticated.
These procedures take approx three to eight and you can start working as an SMC broker.
Documents required to become SMC Partner
Here is the list of documents required to submit by brokers for registering with SMC:
- Date of Birth proof or certificate
- ID proof
- Academic certificate
- Address proof
- Bank statement or canceled cheque
- Picture (Passport size)
- PAN Card
- Infrastructure proof
- A stock exchange or SEBI registration certificate
- Aadhaar card
The sub-broker should arrange these documents beforehand for applying for an SMC partner.
Why Partner with SMC?
Here are the below-listed features that can make SMC one of the worthy business partners to work with:
- Easily access all the research reports
- Advisory services are provided
- Also, provide various opportunities for interacting with the research team.
- Allow users to seek opportunities to interact with the research term
- Marketing training is conducted.
- Advisory services.
- The trading limit is increased as compared to the other market players.
SMC Franchise – Pros & Cons
Here is the list of Pros related to the SMC Franchise:
- If you are a small investor, an SMC franchise can help you start your own business at just 50,000 INR.
- Over the last two decades, the broker has been running their brand known as broking space and has earned many awards and praise for the same.
- Allows the brokers to trade across multiple product segments.
- For efficient online trading, the broker has teamed up with two banks, i.e., IOB and PNB.
It only offers a single business model and is not appealing to a potential client who tends to look for multiple options.
SMC Franchise Registration
A list of the steps you must perform is provided below so that your SMC Global Franchise may get started:
You will receive a verification call from the contact center after providing all of your information in a lead form. This call is to ascertain whether or not you are sincere about the business offer.
Once your verification is complete the user will receive a call asking him to schedule an appointment with the team to go through the partnership details.
You will have the chance to ask any questions or voice any concerns you may have during this meeting, as well as learn more about the investment you must make, the first security deposit, the revenue sharing ratio, and other relevant subjects.
As a result, you won’t need to be concerned about any potential future hidden charges. You can proceed with the process of registration by sending the document and cheque for a security deposit.
You will receive your account ID and can start doing your business by verifying the documents.
Earning the potential of an SMC Partner / ROI
Only the Sub Broker services are eligible for the income sharing provided by the SMC Global Franchise. Also, the brokers are not retailers and do not possess any type of responsibility for earning income via referral programs.
This is the reason why they are not a part of the master franchise as they do not mark any contribution to such programs.
A broker with SMC earns a commission that can range between 65% to 75% and it is quite high compared to other competitors.
SMC Authorized Person – Products Offered
SMC is already registered with SEBI, as a sub-broking firm. SMC-authorized persons receive regular commission payments and are employed by stockbroking firms.
In contrast to the vast majority of other companies, SMC Global Sub Broker is not a Master Franchise. Therefore you cannot refer to them as a Remisier. \SMC does not have any active referral program.
What are the Customer Ratings of the SMC Global Authorised Person Program?
The overall SMC Global Franchise Ratings is 3.2 out of 5, which is to some extent below the expected line. Anything equal to or above 3.5 out of 5, is typically considered as a company that is advised to be associated with.
Having said so, they offer a sturdy mobile app and trading platforms, for which people voted 3.3 out of 5. The revenue-sharing model has got 3.1 out of 5, and shockingly, just 2.9 out of 5 when it comes to security deposits.
The clients, however, valued their experience level and voted 3.2 out of 5. On the other hand, SMC Global Sub Broker Review for the offers they provide is 3.0 out of 5, something which is way below industry standards.
|SMC Global Franchise Customer Ratings
|Find Client Ratings & Reviews against multiple parameters for SMC Global
|According to Revenue Sharing Model of the Franchisor
|3.1 / 5
|Ratings as per Security Deposit provided by the company
|2.9 / 5
|As per Experience in the Sub Broker Business
|3.2 / 5
|As per Offers provided by the Broking Franchise
|3.0 / 5
|Ratings as per Mobile Trading App & Trading Platforms
|3.3 / 5
|Overall Ratings of the Sub Broker Franchise
SMC Global Franchise Conclusion
The SMC Global Franchise is not a perfect company. That said, no company is perfect and flawed in some way or the other.
So, as we have discussed their negative aspects quite a bit, we should end the conversation with something positive.
SMC Global Sub Broker is a 25-year-old company. So, they have seen a lot of ups and downs in the industry and managed to sustain for so long.
They believe in core sub-broker services, and that is what they are delivering. So, better if we appreciate and trust the experience they hold in this domain.
Get to know about other Sub Brokers in India
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