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

Upstox Franchise is the private full-service stock broking company in Mumbai, Maharashtra.

This article is discussing about Upstox Sub Broker business models, offers, revenue sharing model, security deposit cost and more.

Upstox Franchise Highlight
Top Business Model Sub Broker
Initial Investment Required Rs.25,000 – Rs.50,000
Revenue Sharing 10% – 30%
Payout Time 31 Days
SB Code Activation Time 15 Days

Upstox Franchise SubBroker


What do you know about Upstox Franchise?

Upstox Franchise is one of the well-grounded and the newly entered in the stock market franchise business.

The Upstox which is earlier renown as RSKV Securities initiate its business in the year 2012 and the founder of the company is Mr. Ravi Kumar.

The business [partners and the customers of the Upstox franchise gets an opportunity to trade on both BSE and NSE.

Various state-of the art trading platform technologies designed for the customers and business partners enable them to do effortless trading transaction.

Customers can purchase various products available by the company such as equity, commodity, mutual funds, IPOs etc

Upstox Business Partner Overview
Here is the overview of Upstox Franchise
What type of Company is it? – Public / Private Private
What is the Broker type? Full Service Broker
Where is the Headquarter located? ‎Mumbai, India
Who is the Founder? Raghu Kumar, Ravi Kumar
What is the year of establishment?
How many days it takes for SB Code Activation? 15 Days
How many days/weeks it takes for Payout? 31 Days

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What are the various Business Models does Upstox Sub Broker Program provides?

The business models available by the Upstox are:

  • Sub-broker business model
  • Referral Programs

Upstox Sub Broker / Authorised Person

The Upstox sub-broker or authorized person model is the business model available the company to its worthy customers. In this business model, sub-brokers are eligible to receive fixed income.

For the sake of strengthening sub-brokership business, the organization offers various service such as Internets, mobile phones etc. Sub-Brokers are also endowed with research and advisory services.

The Sub-brokers also get an opportunity to perform effortless trading transaction thorough various advance trading platforms such as Upstox Pro, Upstox mobile etc.

Benefits

  • Less initial investment amount
  • Marketing support
  • Innovative and state-of the art trading platforms
  • String research and advisory services

Upstox Referral Program

The referral programs offered by the Upstox is the most feasible opportunity provided to the customers as they get an opportunity to earn life-long income just by referring about the company to other candidates.

An candidates who reefer about the company to others and gets an opportunity to earn various gift vouchers available by the company.

Benefits

  • Recurring Income
  • Gift Vouchers
  • Effortless procedure
Upstox Franchise Business Models
Know about various Business Models of Upstox
Is the Sub Broker business model available? Yes
Do they provide Referral Program? Yes
Do they provide Master Franchise Model? No
Does this broker provide Partner / Remisier model? No

How does an Upstox Sub Broker Revenue Sharing works?

Upstox shares 10%-30% revenue sharing to its sub-brokers. The profit earned by the sub-brokers relies on the number of trades done by them.

Higher number of trading done by the sub-brokers gets an opportunity to them to earn more.

For example-If the sub-brokers are doing brokering business of 4 lakhs them according to 10% they will keep Rs.4000 with themselves and remaining will be given to the company.

The candidates who refer about the company to their relatives get an opportunity to earn various gift vouchers.

Upstox Sub Broker Revenue Sharing
Find the details of Arch Finance Sub Broker Commission for all Business Models
What is the revenue sharing for Sub Broker program? 10% – 30%
Do they provide revenue sharing or direct pay for Referral Program? Gift Voucher
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 Upstox Business Partner Security Deposit requirement?

The sub-brokers of the Upstox are obliged to pay security deposit cost of minimum Rs.25000-Rs; 50000. Sub-brokers can register themselves just by depositing minimum amount of Rs, 25000.

This is the minimum amount which is bound by the sub-brokers to pay for the sake of registering themselves.

The sub-brokers can earn higher percentage of revenue if they will pay high security deposit amount as revenue sharing percentage also depends on the amount of security deposit cost paid by the sub-brokers.

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

Some of the offers offered by the Upstox are as follows:-

  • Flexible revenue sharing
  • Zero Revenue sharing with prepaid
  • Various marketing support is offered to the sub-brokers such as Company brouchers, informations in order to attract various customers.
  • Proper and feasible assistance is offered by the support team to the sub-brokers
  • State-of the art trading platform is available to the sub-brokers which helps their customers to do hassle-free transactions
  • Referral Programs benefits enable the candidate to ear high live-ling income
Upstox Sub Broker Offers
Here are the list of Upstox 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 Upstox Business Partner?

Some of the supports offered by the Upstox are:-

  • Dealing training is given to the sub-brokers for the sake of handing customers issue
  • Back-office support is given to the sub-brokers for strengthening their business
  • Product training is given to the sub-brokers in order to explain the utilities of the products to the sub-brokers
  • Both online and offline support is offered to the sub-brokers by the support team
Upstox Business Partner Support
Here are the various Support Upstox 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? No
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 Upstox Sub Broker Program?

Infrastructure requirements given by the Upstox Programs are discussed below:-

Upstox does not demand anything from their sub-broker related to maintaining infrastructure requirements. They do not bound the sub-brokers to maintain lavish office area and interior.

Trading Terminals, Telephone Lines, and Internet connection. Even research reports are not compelled for the sub-brokers to maintain and give to the sub-brokers.

Minimum strength of employees to be maintained in the office is also not required.

Upstox Partner Infrastructure Requirement
Find the various Infra required to take up Upstox Franchise
What is the Employee Strength needed to start this franchise? Not Required
Do the Sub Broker needs to provide Trading Terminals? No
Is the Internet Connection mandatory to take up franchise? No
Are Telephone Lines mandatory for Business Partners? No
Is mandatory to provide Research Services by Sub Broker? No
How much is the size of Office Area required to become a Sub Broker? Not Required

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What are the eligibility criteria to become Upstox Partner?

Upstox Franchise Eligibility is mentioned below –

  • Anyone who has effective communication skills and made effective business span can start the sub-broking business with Upstox.
  • Should have completed the education till 10+2
  • Retain comprehensive knowledge of financial market
  • Any modules on equity, commodities and derivatives will also be considered
  • Should retain thorough knowledge of economic , social and political

What is the brokerage charges levied to the Clients of Upstox Partners?

Brokerage charged imposed on the customers of Upstox partners are as follows:-

Rs. 20 per trade or 0.01% is imposed on customers if they opt for Equity Intraday, Equity Option, Currency options, Equity futures, Currency Futures, Commodity.

No brokerage charges will be levied if customer will opt for Equity delivery

Upstox Sub Broker – Brokerage Charges to Clients
Here are the brokerage charges levied by Upstox Sub Broker to their clients
What are Equity Intraday charges? Rs.20 per trade or 0.01%
How much are Equity Delivery charges? Zero
How much is the charge levied on Equity Options? Rs.20 per trade or 0.01%
How much are the Currency Options charges? Rs.20 per trade or 0.01%
What are Equity Futures charges? Rs.20 per trade or 0.01%
What are the charges levied on Currency Futures? Rs.20 per trade or 0.01%
What are the charges levied on Commodity Trading? Rs.20 per trade or 0.01%

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

Account Opening Charges of Upstox Sub-brokers are as follows:-

  • Account opening charges of Upstox sub-brokers is Zero
  • Margin money of Upstox sub-brokers is Zero
  • One-time Demat AMC fees of Upstox Sub-broker is Rs. 150
  • One-Time trading AMC fees of Upstox sub-broker is Rs.150
  • Percentage of the transaction charges of the Upstox sub-broker is 0.03250%
Upstox Franchise – Account Opening Charges to Clients
Here are the account opening charges levied by Upstox Franchise to their clients
What are the Account Opening Charges? Zero
What is the Margin Money required? Zero
What is the charge for Demat AMC? Rs.150 (One Time)
how much are Trading AMC charges? Rs.150 (One Time)
How much is the Transaction Charges levied? 0.00%

What is the Customer Ratings of Upstox Authorised Person Program?

The customer rating list of the Upstox Authorized Person Program is looking quite moderate as rating of most of the criteria s lies in between 2.1-2, 8.

Highest rating given in security deposit is 3.3/5 second highest rating is given to revenue sharing model which is 3.3/5.

Ratings given to mobile app and trading platform is 2.7 out of 5

The ratings given to experience is 2.7 out of 5

Ratings given to offers is 2.7 out of 5

The ratings given to mobile app and trading platform is 2.7 out of 5

Overall ratings is given 2.8 out of 5

With overall ratings, it shows that company is showing moderate performance in the industry.

Upstox Franchise Customer Ratings
Find Client Ratings & Reviews against multiple parameters for Upstox
According to Revenue Sharing Model of the Franchisor 3.1 / 5
Ratings as per Security Deposit provided by the company 3.3 / 5
As per Experience in the Sub Broker Business 2.5 / 5
As per Offers provided by the Broking Franchise 2.7 / 5
Ratings as per Mobile Trading App & Trading Platforms 2.7 / 5
Overall Ratings of the Sub Broker Franchise 2.8 / 5
Star Ratings ★★★☆☆

Upstox Franchise Conclusion

Upstox Franchise shares excellent customer support service to its customers. Feasible and updated produces and services are offered to the customers of the Company.

State-of-the art and effortless trading platform is offered to the customers. Customers and sub-brokers can seamless operate trading platform of the company.


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