Find 1st of its kind Comparison of Religare Securities Franchise vs Nirmal Bang Franchise. This comparison provides a detailed view of all the features of respecting sub broker or franchise brands.
Religare Securities & Nirmal Bang are both Broking houses & provide sub brokership to their partners. Both of them have varied Business Models which we will discuss here.
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In this comparison, we will dig deep into all the aspects of both broking franchise brands. The major aspects that we will discuss are:
- Overview
- Customer Ratings
- Business Models
- Security Deposit or Initial Investment
- Revenue Sharing or Commission
- Infrastructure Requirement
- Offers
- Support
- Brokerage Charges to Clients
- Other Charges & Margin to Clients
With this detailed comparison, we will clearly understand which Sub Brokership is better: Religare Securities Sub Broker Program or Nirmal Bang Sub Broker Program.
Start this amazing comparison between Religare Securities Sub Broker & Nirmal Bang Sub Broker:
Religare Securities Franchise vs Nirmal Bang Franchise – An Overview |
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| Overview | Religare Securities Franchise | Nirmal Bang Franchise |
| Company Type | Public | Private |
| Broker type | Full Service Broker | Full Service Broker |
| Headquarters | New Delhi, India | Mumbai, India |
| Founder | Malvinder Mohan Singh, Shivinder Mohan Singh | Rahul Arora, CEO |
| Established Year | 1984 | 1986 |
| SB Code Activation Time | 3-4 Weeks | 20-30 Days |
| Payout Time | 31 Days | 1 month |
Customer Ratings of Religare Securities Sub Broker & Nirmal Bang Sub Broker |
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| Customer Ratings | Religare Securities Franchise | Nirmal Bang Franchise |
| Experience | 3.1/5 | 3.2/5 |
| Services | 2.9/5 | 3.1/5 |
| Products | 3.0/5 | 2.8/5 |
| Trading Platforms | 3.2/5 | 2.8/5 |
| Support | 3.1/5 | 3.5/5 |
| Revenue Sharing Model | 3.0/5 | 3.8/5 |
| Security Deposit | 2.9/5 | 3.8/5 |
| Offers | 2.8/5 | 3.1/5 |
| Market Share | 3.0/5 | 2.5/5 |
| Overll Ratings | 3.0/5 | 3.16 |
| Star Ratings | ★★★☆☆ | ★★★☆☆ |
Compare Business Models of Religare Securities Franchise & Nirmal Bang Franchise |
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| Business Models | Religare Securities Franchise | Nirmal Bang Franchise |
| Master Franchise | S | S |
| Sub Broker | R | R |
| Remisier | R | S |
| Referral Program | S | S |
Religare Securities Franchise vs Nirmal Bang Franchise Security Deposit Comparison |
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| Security Deposit | Religare Securities Franchise | Nirmal Bang Franchise |
| Master Franchise | NA | NA |
| Sub Broker | Rs.50,000 – Rs.2 Lakh | Rs 75,000 – 2 Lakhs |
| Remisier | Rs.15,000 | NA |
| Referral Program | NA | NA |
Nirmal Bang Franchise vs Religare Securities Franchise Revenue Sharing Comparison |
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| Revenue Sharing | Religare Securities Franchise | Nirmal Bang Franchise |
| Master Franchise | NA | NA |
| Sub Broker | 60%-70% | 50% – 70% |
| Remisier | 20% share of brokerage generated | NA |
| Referral Program | NA | NA |
Nirmal Bang Sub Broker vs Religare Securities Sub Broker Infra Requirement |
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| Infrastructure Requirement | Religare Securities Franchise | Nirmal Bang Franchise |
| Office Area | Minimum 200 Sq Ft | Minimum 200 Sq Ft |
| Employee Strength | Minimum 3 | Minimum 3 |
| Research Services | R | R |
| Internet Connection | R | R |
| Trading Terminals | R | R |
| Telephone Lines | R | R |
Compare Religare Securities Partner & Nirmal Bang Partner Offers |
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| Offers | Religare Securities Franchise | Nirmal Bang Franchise |
| Zero Deposit | S | S |
| 10k Initial Deposit | R | R |
| Flexible Revenue Sharing | R | R |
| Flat Revenue Sharing | S | S |
| Zero Revenue Sharing with Prepaid | S | S |
Nirmal Bang Authorised Person vs Religare Securities Authorised Person Support |
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| Support | Religare Securities Franchise | Nirmal Bang Franchise |
| Marketing Support | R | R |
| Back-Office Support | R | R |
| Trading Support | S | R |
| Advisory Support | S | S |
| Dealing Training | R | R |
| Acquisition Training | S | R |
| Product Training | R | R |
Compare Brokerage Charges of Religare Securities Franchise & Nirmal Bang Franchise |
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| Brokerage Charges to Clients | Religare Securities Franchise | Nirmal Bang Franchise |
| Equity Delivery | 0.10% – 0.40% | 0.2% or 20 paisa |
| Equity Intraday | 0.01% – 0.04% | 0.02% or 2 paisa |
| Equity Futures | 0.01% – 0.04% | 0.02% or 2 paisa |
| Equity Options | Rs.45 per Lot | Rs 35 Per Lot |
| Currency Futures | 0.01% – 0.04% | 0.02% or 2 paisa |
| Currency Options | Rs.45 per Lot | Rs 20 Per Lot |
| Commodity | 0.01% – 0.04% | 0.02% or 2 paisa |
Religare Securities Partners & Nirmal Bang Partners Charges Comparison |
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| Charges to Clients | Religare Securities Franchise | Nirmal Bang Franchise |
| Demat AMC | Free for 1 year | Rs 200 (Pro Rata) |
| Trading AMC | Free for 1 year | Zero |
| Account Opening Charges | Rs.2500 Lifetime | Zero |
| Transaction Charges | Free | Zero |
| Margin Money | Free | Rs.10,000 |
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