Fully fledged, full service stock brokers, AK Stockmart managed to set up a pretty good range of AK Stockmart Sub Broker they rely upon, for the execution of expansion and growth. Find everything you need to know about the AK Stockmart Franchise program of the company, in this context.
|Top Business Model||Sub Broker|
|Revenue Sharing||60% – 75%|
|Security Deposit||Rs.50,000 – Rs.200,000|
|Become Sub Broker in||31 Days|
|Receive Payout in||33 Days|
|Founder||Aditi Mittal, Ankit Gajanand Gupta|
Established in the year 2006, by the founders Aditi Mittal, Ankit Gajanand Gupta. The company has stood up to the expectation their clients have with them. Being on the verge of expansion, the company offer one of the most sought after business models, AK Stockmart.
Feeding on to your information need about this company, we have made sure to keep up with as much as we could.
AK Stockmart Franchise – Customer Ratings
Ratings give a rough idea of how well or how bad something is performing. Refer to the below mentioned table for the rating of AK Stockmart Sub Broker.
|Revenue Sharing Model||2.4/5|
Considering the statistics as mentioned in the above table here is what anyone can draw. An overall rating of 2.6 lies in between two spectrum’s, i.e. the good side and the bad side. One may consider the AK Stockmart Franchise Customer Rating experience to be of average in nature.
There are 3 most praised and loved aspects of the company with the highest rating of 2.7 stars. The loved aspects are the experience it provides to the customers, the products offered, and the amount of security deposit demanded from the sub brokers. Customers show a neutral reaction for the company and so do the sub brokers.
Overview of AK Stockmart Franchise / Sub Broker
Opt for AK Stockmart Frachise, after you know of the company, to pitch in a profitable deal.
|AK Stockmart Overview|
|Broker type||Full Service Broker|
|Founder||Aditi Mittal,Ankit Gajanand Gupta|
|SB Code Activation Time||31 Days|
|Payout Time||33 Days|
Full service stock brokers are the traditional brokers of the market unlike the discount brokers. Establishment of the company AK Stockmart was formed in the year 2006, as a full services stock broker. The contribution of the founders Aditi Mittal, Ankit Gajanand Gupta has led the company ahead of time, and to the place it now is at.
Sub brokers have been a major arm of the company, as it has been successfully creating sub brokers amalgamations. The SB Code Activation Time consumption is 31 days, while the payout time for the same is set to be at 33 Days.
Become a Sub Broker with AK Stockmart – Just Fill up the form
Compare Sub Broker Franchise
AK Stockmart Sub Broker – Business Models
In order to become an AK Stockmart Sub Broker, one has to know the models offered by the company.
There is only one of the sub broker models, among the four basic and generally found models, provided by the company and it is the AK Stockmart Sub Brokership. Having its personal set of reasons, the company does not provide any other kind of programs.
AK Stockmart Sub Broker / Authorised Person Model
This program is basically open for small business firms and entities, which are looking out for business to invest in. If they choose to invest in this business program, they will have found the readymade business model, which is assured to bear profits to the firm, as the franchiser pays a fair share of attention.
Franchiser, i.e. the stock broking company delegates the process of selling the products and services, where the entities use it to gain their personal customer base. They can sell thei products and services also to the existing clients they have.
AK Stockmart Sub broker Commission / Revenue Sharing
Revenue is the prime consideration of firms to chose the franchiser, and here is the AK Stockmart Revenue Sharing model.
|Sub Broker||60% – 75%|
Offering the only sub broker model in program, the above table has only the information related to it. The profit sharing percentage is not fixed, as is the security deposit not fixed. This changes as per the deposit made to the company or even other factors, which will be conveyed by the company.
For a minimum assured percentage, the sub brokers will be able to earn up to 60%. Whereas, the maximum extent of profit percentage they can avail for is 75%.
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AK Stockmart Franchise Cost / Security Deposit
Keep up with the AK Stockmart Franchise Cost, as you would need to arrange it in order to avail for it.
|Sub Broker||Rs.50,000 – Rs.200,000|
The table features the Security Deposit required by the company AK Stockmart, for the only sub broker program it offers. The amount to be pad ranges in between Rs.50,000 – Rs.200,000. Personal negotiation can be formed with the company, where the amount should be in between the prescribed amount.
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AK Stockmart Partner Infrastructure Requirement
For the Sub broker program the company offers, there is a requirement as mentioned below, mostly referred to as AK Stockmart Partner Infrastructure Requirement.
|Office Area||Minimum 200 Sq Ft|
|Employee Strength||Minimum 2|
Certain criteria’s are set by the company AK Stockmart and have to be met in order to make it to their sub broker.
- First criteria being an office requirement of Minimum 200 Sq Ft area, the company will not accept a broker with anything lesser.
- The office’s member strength must also be 2 or more than that.
- On the final note, the sub brokers also need to have sufficient provision for research services, internet connection and trading terminals.
AK Stockmart Sub Broker Offers
Sub brokers need reason to choose a particular stock broking company as their partner, and AK Stockmart Sub Broker Offers is the reason to go for this company. They are listed below.
|10k Initial Deposit||No|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||Yes|
So, among the diverse set of benefits and offers which can be provided to the sub brokers, AK Stockmart provides a total of two offers.
Initially, the revenue sharing model is flexible which lets the sub brokers choose the percentage of revenue they wish to hold, all by themselves. The secondary offer provided is the Zero Revenue Sharing with Prepaid.
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AK Stockmart Franchise Support
High end companies generally provide all kind of support to their sub brokers, here is the AK Stockmart Franchise Support.
Revenue is generally the greatest of all perks the company provides to their sub brokers. But, it also provides a host of other services, to let the sub brokers excel, as they would represent the company in future.
Through a fully fledged support system is not provided by the company, AK Stockmart provides the basic support. It constitutes of marketing support, back office support to the sub broker. The list of support goes on, as the franchiser also supports dealing training and product training, to help the sub brokers gain on clients.
AK Stockmart Authorised Person – Brokerage Charges to Clients
Investing in the instruments of the company comes with an obligation to pay AK Stockmart brokerage charge. Look out for the percentage, as per the instrument provided.
|Brokerage Charges to Clients|
|Equity Options||Rs.25 per Lot|
|Currency Options||Rs.15 per Lot|
Charges are quite low, for a quick overall analysis, and here is what and how much the clients will be paying to a sub broker.
- Equity Intraday, Equity Futures, Currency Futures and Commodity, all instruments need the same fixed amount of brokerage which is 0.02%.
- Availing for Equity Delivery, a client will have to push over 0.20%, of the profit margin, to the company.
- Equity Options choice will require a fee of Rs.25 per Lot, whereas the Currency Options will require a fee of Rs.15 per Lot.
AK Stockmart Partner – Account Opening Charges to Clients
In the course of getting an account, a client has to pay AK Stockmart Account Opening Charges, which are as under.
|Account Opening Charges to Clients|
|Demat AMC||Percentage of Transaction|
|Trading AMC||Rs.400 per Annum|
|Account Opening Charges||Free|
|Margin Money||Zero Margin|
Breaking the genera way of doing business, the company has designated no Account opening charges to be paid by the client. This is unlike any other brokerage houses, which demand a fee. Moving on to the margin money, the company has yet again broken the norms, by providing no margin requirement.
As of the AMC, for the Demat, the charge is Percentage of Transaction, while for the trading; the charge is Rs.400 per Annum. Also, a transactional charge is to be paid by the client for each of the transaction carried out, and it stand to be 0.00275%.
Benefits of AK Stockmart Partner Program
Customers will not only be benefitted by the program, as the AK Stockmart Partner Program benefits is proportionately shared by sub brokers and the clients.
- Customers are provided with the perk of opening an account for free of charge, and also no regulation or barrier on the margin money maintenance
- Sub brokers are provided with a lot of support systems, where carry forward the business would become easy and relaxing.
- Brokerage fees to be paid by the customers are low, as a result of which they are attractive and in demand. This increases the chance of earning new clients for the sub brokers.
- Revenue sharing model is as well flexible, which encourages the sub brokers to choose the percentage they are willing to or can handle.
Become a Sub Broker with AK Stockmart – Just Fill up the form
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