The public full-service broking company Steel City, got its wings in the year 1986, under the scrupulous direction of the founder Mr. Sushil Narendra Shah Mumbai. The pay-out time duration of the Steel City Securities Franchise is only 26 days.
Compared to the pay-out time, the company takes 33 days to activate the sub broking code. Steel City Securities Sub Broker Program does not charge anything fixed as the maximum initial amount for investment. However, the trader has to pay a minimum amount of Rs.50,000. Besides that, the company offers a decent revenue share, which extends between 60% – 75%.
| Steel City Sub Broker Highlight | |
| Top Business Model | Sub Broker |
| Initial Investment Required | Rs.50,000 Onward |
| Revenue Sharing | 60% – 75% |
| Payout Time | 26 Days |
| SB Code Activation Time | 33 Days |
What do you know about Steel City Franchise?
| Steel City Business Partner Overview | |
| Here is the overview of the Steel City Franchise | |
| What type of Company is it? – Public / Private | Public |
| What is the Broker type? | Full Service Broker |
| Where is the Headquarter located? | Mumbai, India |
| Who is the Founder? | Sushil Narendra Shah |
| What is the year of establishment? | 1986 |
| How many days does it take for SB Code Activation? | 33 Days |
| How many days/weeks it takes for Payout? | 26 Days |
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What are the various Business Models that Steel City Sub Broker Program provides?
| Steel City Franchise Business Models | |
| Know about various Business Models of Steel City | |
| 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 Steel City Sub Broker Revenue Sharing work?
| Steel City 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? | 60% – 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 |
Know about Revenue Sharing of other Sub Broker Franchise
What is the Steel City Business Partner Security Deposit requirement?
| Steel City Franchise Security Deposit | |
| Check the Steel City Franchise cost requirement for each business model | |
| How much is security deposit required for Sub Broker Program? | Rs.50,000 Onwards |
| 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 Steel City Authorised Person Program?
| Steel City Sub Broker Offers | |
| Here is the list of Steel City 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 Steel City Business Partner?
| Steel City Business Partner Support | |
| Here are the various Support Steel City 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 Steel City Business Associate?
| Steel City Partner Infrastructure Requirement | |
| Find the various Infra required to take up Steel City 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 300 Sq Ft |
Find out the basic requirements of other Stock Broking Franchise
What are the brokerage charges levied on the Clients of Steel City Partners?
| Steel City Sub Broker – Brokerage Charges to Clients | |
| Here are the brokerage charges levied by Steel City Sub Broker to their clients | |
| What are Equity Intraday charges? | 0.025% |
| How much are Equity Delivery charges? | 0.28% |
| How much is the charge levied on Equity Options? | Rs.28 per Lot |
| How much are the Currency Options charges? | Rs.18 per Lot |
| What are Equity Futures charges? | 0.025% |
| What are the charges levied on Currency Futures? | 0.025% |
| What are the charges levied on Commodity Trading? | NA |
What are the Account Opening Charges Levied to the clients of Steel City Sub Broker?
| Steel City Franchise – Account Opening Charges to Clients | |
| Here are the account opening charges levied by Steel City Franchise to their clients | |
| What are the Account Opening Charges? | Zero |
| What is the Margin Money required? | Zero Margin |
| What is the charge for Demat AMC? | Rs.300 per Annum |
| how much are Trading AMC charges? | Free |
| How much are the Transaction Charges levied? | 0.003% of Total Turnover |
What are the Customer Ratings of the Steel City Authorised Person Program?
| Steel City Franchise Customer Ratings | |
| Find Client Ratings & Reviews against multiple parameters for Steel City | |
| According to Revenue Sharing Model of the Franchisor | 3.3 / 5 |
| Ratings as per Security Deposit provided by the company | 3.2 / 5 |
| As per Experience in the Sub Broker Business | 2.9 / 5 |
| As per Offers provided by the Broking Franchise | 3.3 / 5 |
| Ratings as per Mobile Trading App & Trading Platforms | 3.2 / 5 |
| Overall Ratings of the Sub Broker Franchise | 3.1 / 5 |
| Star Ratings | ★★★☆☆ |
Steel City Business Associate Conclusion
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