Standard Chartered Securities Franchise is a well-reputed Mumbai-based company. And, they serve across several diversified financial domains. They’ve been serving their clients for over 25 years now.
However, that’s just one part of their business dominion. That’s because, they’ve been catering to the clients through their business network. And, by network we mean their franchise partners.
So, for today’s article we’ll ignore the company’s aspects as financial services provider. And, we’ll lay a deep-down analysis of their features as a financial franchiser.
Find details review of Standard Chartered Securities Sub Broker below –
|Standard Chartered Securities Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.70,000 – Rs.250,000|
|Revenue Sharing||50% – 75%|
|Payout Time||3-4 Weeks|
|SB Code Activation Time||31 Days|
What do you know about Standard Chartered Securities Franchise?
Standard Chartered Securities Franchise is a reputed company hailing from Mumbai, Maharashtra. The company was primarily established to serve as a full-service financial broker. However, with time they typically entered the financial franchiser business.
And, that’s how they’ve become such an impactful organization. Their business partners have catered to clients as satisfyingly as the company itself. And, that’s only been possible due to the company’s measures to select the partners.
As financial franchisers, they need 31 days to activate the new sub-brokers code. And, they even need 3-4 weeks for clearing their partner’s dues.
|Standard Chartered Securities Business Partner Overview|
|Here is the overview of Standard Chartered Securities Franchise|
|What type of Company is it? – Public / Private||Public|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Mumbai, Maharashtra|
|Who is the Founder?||Nitin Kapadia|
|What is the year of establishment?||1994|
|How many days does it take for SB Code Activation?||31 Days|
|How many days/weeks it takes for Payout?||3-4 Weeks|
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What are the various Business Models that Standard Chartered Securities Sub Broker Program provides?
Standard Chartered Securities Franchise has been known for its tactical business measures. And, they’ve only been sustaining for so long due to their business intelligence. Pertaining to this, they’ve even been providing their partners with two business models.
We’re referring to Standard Chartered Securities sub-broker and remisier models. Both business models are designed to cater to different categories of business partners. And each of the models has a certain advantage over the other.
- Sub Broker / Authorised Person
- Remisier / Partner Program
Standard Chartered Securities Sub Broker / Authorised Person
The sub-broker model enables the partners to grant extra services to clients. This helps them in gaining new clients as well as retain old ones. Furthermore, the commission rate for the sub-brokers is more than that of the remisiers.
Standard Chartered Securities Remisier / Partner Program
The remisier model, however, requires less security deposit as compared to sub-brokers. Furthermore, it doesn’t even need partners to establish any business infrastructure. However, as mentioned above, the commission rate for the remisers is less.
|Standard Chartered Securities Franchise Business Models|
|Know about various Business Models of Standard Chartered 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?||Yes|
How does Standard Chartered Securities Sub Broker Revenue Sharing work?
Standard Chartered Securities revenue sharing model has been designed to benefit the partners. It pays a certain part of the revenue generated by partners as a commission. For the sub-brokers, the commission rate varies from 50%-75%.
And, for the remisiers, the commission rate is fixed at 25%. There is only one reason for differing commission rates for the sub-brokers. We’re talking about the varying arrangements between the franchiser and the partners.
|Standard Chartered Securities Sub Broker Revenue Sharing|
|Find the details of Standard Chartered Securities Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||50% – 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?||25%|
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What is the Standard Chartered Securities Business Partner Security Deposit requirement?
The partners need to make certain investments. We’re referring to the Standard Chartered Securities sub-broker investments. These investments are required for having certain business fundamentals.
And, the very first requirement in the investment list is the security deposit. Therefore, the security deposit required for sub-brokers varies from Rs.70,000-2,50,000. And, the security deposit requirement for the remisiers is Rs. 20,000.
Like the commission rate, the difference in security deposit for sub-brokers exists. And, the reason for this is the varying arrangements between franchisers and partners.
|Standard Chartered Securities Franchise Security Deposit|
|Check the Standard Chartered Securities Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.70,000 – Rs.250,000|
|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?||Rs.20,000|
What are the various Offers rolled out by Standard Chartered Securities Authorised Person Program?
Standard Chartered Securities Franchise offers do not include a lot of perks. They merely grant their partners flexible revenue-sharing options.
Other than this, the partners cannot expect any other grants from the franchiser.
|Standard Chartered Securities Sub Broker Offers|
|Here is the list of Standard Chartered 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 Standard Chartered Securities Business Partner?
Standard Chartered Securities franchise support consists of many business growth initiatives. They provide their partners with almost all the business support perks. And, these support programs have been known to help the partners for years.
So, here’s how the list unfolds: –
- Product Training
- Dealing Training
- Back-Office Support
- Trading Support
- Advisory Support
- Marketing Support
|Standard Chartered Securities Business Partner Support|
|Here are the various Support Standard Chartered 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?||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?||Yes|
Which is the Infrastructure required for Standard Chartered Securities Sub Broker Program?
The franchiser deliberately has established certain business norms. These norms certain regulations and infrastructure requirements to be followed by the partners. This section describes Standard Chartered Securities sub-broker infra requirements.
And the list includes the following: –
- The partners must have a staff size of at least one person. And, the staff must be well-trained and eligible to handle business chores.
- Partners must have an office space with 100 sq. ft. sitting space.
- The partners must have their discrete research services.
- Partners must have an active telephone line. This is required for regular and undisputed communication.
- The partner must have an active internet connection. This is supposed to be used for simultaneous online trades. And, the connection must be strong enough to sustain multiple trades at once.
- Partners must establish certain trading terminals as per industry standards.
|Standard Chartered Securities Partner Infrastructure Requirement|
|Find the various Infra required to take up Standard Chartered Securities Franchise|
|What is the Employee Strength needed to start this franchise?||Minimum 1|
|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 100 Sq Ft|
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What are the eligibility criteria to become Standard Chartered Securities Partner?
As mentioned earlier, the Standard Chartered Securities franchise has discrete eligibility criteria. And, it’s mandatory for the partners to unquestioningly abide by it. The partners need to act responsively towards it.
Here’s how the list follows: –
- Applicants must be a minimum of 21 years while applying for franchise rights. The documents verifying the applicant’s age must be produced while registration.
- Applicants must have been certified by SEBI for business proceedings. Proper documents proving the same must be produced during registration.
- Applicants must at least have an intermediate degree while applying for a franchise. The proof of educative qualification must be produced during the registration.
- The applicant must be experienced in stock trading and investment planning. An experience of a minimum of 2 consecutive years is a must.
What are the brokerage charges levied on the Clients of Standard Chartered Securities Partners?
Standard Chartered Securities franchise ensures that all their clients get equal treatment. Pertaining to this, they’ve enlisted certain rate charts to be followed by all partners.
This is how Standard Chartered Securities partner charges go on: –
- The clients must pay 0.02-0.05% for availing equity intraday services.
- Clients must pay 0.2-0.5% for availing of equity delivery services.
- The clients must pay Rs. 20-50 for availing equity options services.
- Clients must pay Rs. 10-25 for availing currency options services.
- The clients must pay 0.02-0.05% for availing of equity futures services.
- Clients must pay 0.02-0.05% for availing of currency futures services.
- The clients must pay 0.02-0.05% for availing of commodity services.
|Standard Chartered Securities Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Standard Chartered Securities Sub Broker to their clients|
|What are Equity Intraday charges?||0.02% – 0.05%|
|How much are Equity Delivery charges?||0.2% – 0.5%|
|How much is the charge levied on Equity Options?||Rs.20 – Rs.50 per Lot|
|How much are the Currency Options charges?||Rs.10 – Rs.25 per Lot|
|What are Equity Futures charges?||0.02% – 0.05%|
|What are the charges levied on Currency Futures?||0.02% – 0.05%|
|What are the charges levied on Commodity Trading?||0.02% – 0.05%|
What are the Account Opening Charges Levied to the clients of Standard Chartered Securities Sub Broker?
The franchiser deliberately looks after the needs of their clients. This even means the clients’ rights to equal treatment within the franchiser and their partner operatives. Thus, a unique Standard Chartered Securities franchise charge list have established.
And, this is how it goes: –
- The clients must pay Rs. 310 for all account opening purposes.
- Clients must pay Rs. 310 per annum for Demat AMC.
- The clients must pay 0.00305% for all kinds of transactions.
- And, the clients must maintain at least Rs. 15,000 as margin money.
|Standard Chartered Securities Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Standard Chartered Securities Franchise to their clients|
|What are the Account Opening Charges?||Rs.310|
|What is the Margin Money required?||Minimum Rs.15,000|
|What is the charge for Demat AMC?||Rs.310 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00%|
What are the Customer Ratings of Standard Chartered Securities Authorised Person Program?
The chart above shows discrete Standard Chartered Securities franchise ratings. The ratings have been given on a scale of 1 to 5.
And, here’s how the franchiser performed: –
- They’ve been granted 2.4/5 for the revenue sharing model.
- It’s been given 2.4/5 for the security deposit requirement.
- They’ve been granted 2.5/5 for their experience in the market.
- It’s been granted 2.6/5 for the offers they extend.
- They’ve been granted 2.5/5 for their trading platforms. This even applies to their mobile application.
- On the whole, they’ve been rated at 2.5/5 for their services.
|Standard Chartered Securities Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Standard Chartered Securities|
|According to Revenue Sharing Model of the Franchisor||2.4 / 5|
|Ratings as per Security Deposit provided by the company||2.4 / 5|
|As per Experience in the Sub Broker Business||2.5 / 5|
|As per Offers provided by the Broking Franchise||2.6 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.5 / 5|
|Overall Ratings of the Sub Broker Franchise||2.5 / 5|
Standard Chartered Securities Franchise Conclusion
To conclude, we must state that Standard Chartered Securities Franchise grants all the required services to their business partners. They regulate the selection of partners.
And, they even support the growth of their partners with certain programs. In short, they’re a great franchiser to begin with.
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