Profitmart Sub Broker program is known for franchise broking business. Lets have a detailed Profitmart Sub Broker review. Here in this article we will also go through in detail about Profitmart Franchise offers, Profitmart Partner revenue sharing models & other features.
| Summary | |
| Top Business Model | Sub Broker |
| Revenue Sharing | 60% – 80% |
| Security Deposit | Rs.25,000 – Rs.100,000 |
| Become Sub Broker in | 31 Days |
| Receive Payout in | 14 Days |
| Founder | Rakesh Prakash Sonawane |
| Established Year | 2011 |
The broking house Profitmart is a new entrant into the franchising business. It has recently stepped into this field. Considering that it the broking house is also a new member of the broking business, it has quickly recognized the need of strengthening its client base and widening its client network.
It has also realized that a rapid development is possible only by having local bases in various cities and parts on the country. Thus, it launched a franchise program for this purpose.
Profitmart Franchise Customer Ratings
| Profitmart Franchise | |
| Experience | 3.00 |
| Services | 3.00 |
| Products | 3.00 |
| Trading Platforms | 2.30 |
| Support | 2.50 |
| Revenue Sharing Model | 3.50 |
| Security Deposit | 3.00 |
| Offers | 2.00 |
| Market Share | 1.90 |
| Overall | 2.69 |
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Type of Profitmart Franchise
Profitmart offers only one of kind of a business association which is a typical sub-broker or franchise model. Since it is a beginning phase for it, it appears a reasonable step from their side to have only one kind of business model. They may choose to float multiple models in future once the sub-broker business is well set.
Become a Sub Broker with Profitmart – Just Fill up the form
Profitmart Sub Broker Commission or Revenue Sharing Model
As mentioned above, Profitmart has recognized the dire need of widening its network and hence has opted for sub broker model.
It appreciates that the quick way to spread the network is by having local camps and bases so as to obtain more of local visibility which adds on to the trust by the clients and helps in adding on to the client base.
The broking house also understands the efforts that these sub-brokers put in and the results that they fetch for the main broker and hence it follows a very motivating revenue sharing model.
The revenue sharing ranges from 60% to 80%. In fact in some cases, it also offers 100% revenue sharing for a limited time period. The revenue sharing ratio is certainly a negotiable one.
Check out Revenue Sharing of other Sub Brokers
Profitmart Franchise Cost or Security Deposit Amount
The broking house also follows a liberal infrastructure and deposit policy. It does not call for any major infrasturtuce from its sub-brokers thereby demonstrating that it believes in delivering the work and the targets.
Nonetheless, it does require a sub broker to have a workstation and a decent internet connectivity so as to execute the trade orders.
With respect to the deposit, it is a refundable deposit and may range from INR 25,000 to INR 100,000. The deposit again is a negotiable item and may vary depending upon case to case.
Here are Security Deposit info of other Stock Broking Franchise
Profitmart Sub Broker Offers
While it is new in business, it certainly understands the need of floating offers to attract the sub-broker candidates:
- Brokerage cashback
- Dynamic brokerage plans
- Extended credit period
- Reduced margin money requirements
- Free DEMAT Accounts
Check out other companies Sub Broker Offers
How to become Sub Broker of Profitmart?
The steps for associating with Profitmart are provided below:
1st Step – Provide the details in this lead form available on this site
2nd Step – Our representative will connect with you to confirm your interest and your qualifications
3rd Step – The Profitmart representative will connect with you along with our representative to take the matter forward.
4th Step – Meeting with Sales Representative for detailed discussion on the terms and conditions of the arrangement, the ratio, the deposit amount, the products etc.
5th Step – Furnish the requisite Documents & deposit cheque
6th Step – Profitmart will conduct a background check and verify the documents
7th Step – Activation of account
This may take up 5-10 working days depending upon the turnaround of these events.
Documents Required for Profitmart sub-broker registration –
- Proof of identity
- DOB proof
- Address proof
- Academic Certificate
- Cancelled cheque or Bank statement
- Registration certificate with SEBI/Stock exchnage
- Passport size photos
- Infrastructure proof
- PAN Card
- Aadhaar Card
Why Partner with Profitmart?
- New organisation and hence a chance to become an integral part
- Encourages business thorugh sub-broking
- Attractive revenue ratio
- Least security deposit
- Assists in setting up of office space
- Provides a break even period relaxation
- Large product base
Support provided by ICICI Direct Partner Program
- Financial assistance in needed
- Assists in obtaining registration from stock exchanges
- Training on marketing and acquiring clients
- Training on selling of products
- Trading platforms training
- Research advisory
Become a Sub Broker with Profitmart – Just Fill up the form
Find detailed review of other Sub Broker Franchise