Steel City Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

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 at Mumbai. The pay-out time duration of 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 ModelSub Broker
Initial Investment RequiredRs.50,000 Onward
Revenue Sharing60% – 75%
Payout Time26 Days
SB Code Activation Time33 Days

Steel City Franchise SubBroker


What do you know about Steel City Franchise?

Steel City Business Partner Overview
Here is the overview of Steel City Franchise
What type of Company is it? – Public / PrivatePublic
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

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    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

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    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

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    What is the brokerage charges levied to 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 is 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 is the Transaction Charges levied?0.003% of Total Turnover

    What is the Customer Ratings of 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 Franchisor3.3 / 5
    Ratings as per Security Deposit provided by the company3.2 / 5
    As per Experience in the Sub Broker Business2.9 / 5
    As per Offers provided by the Broking Franchise3.3 / 5
    Ratings as per Mobile Trading App & Trading Platforms3.2 / 5
    Overall Ratings of the Sub Broker Franchise3.1 / 5
    Star Ratings★★★☆☆

    Steel City Business Associate Conclusion

     


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