Ashika Stock Sub Broker / Franchise / Authorised Person / Partner Review

Ashika Stock is a key player in the stock market with hundreds of Ashika Stock Sub broker working under them across India.

It is a private company which was found in 1994 by Pawan Jain, FCA. It has been successfully serving its customers for over 25 years. Their headquarters are in Kolkata, West Bengal. The company provides full brokerage service to its customers.

In this article, we will be going over important and different points about Ashika Stock Sub Broker. We will go over the details like offers, benefits and other programs covered by the company.

Ashika Stock offers


Ashika Stock Franchise – Customer Ratings

Find below table to know Customer Ratings of Ashika Stock Sub Broker:

Experience2.5/5
Services2.4/5
Products2.2/5
Trading Platforms2.6/5
Support2.4/5
Revenue Sharing Model2.1/5
Security Deposit2.2/5
Offers2.4/5
Market Share2.3/5
Overall Ratings2.3/5
Star Ratings★★★☆☆

Ashika Stock Broking is one of the oldest company in the stock market, they have managed to gain some positive and trusting customers over time.

Hence, the rating of the company over different categories like Experience, Products, Services, Revenue Sharing Model, Support, Security Deposit and offers including the market share and overall rating has been ranging from 2.1 to 2.6 out of 5.

They have managed to gain 3 stars out of 5 which is above an average rating. These ratings were given by the people who worked with the company and enjoyed their services and thus rated the company over their experience.


Overview of Ashika Stock Franchise / Sub Broker

Details about Ashika Stock Franchise is given in the below table:

Company TypePrivate
Broker typeFull Service Broker
HeadquartersKolkata, West Bengal
FounderPawan Jain, FCA
Established Year1994
SB Code Activation Time30 Days
Payout Time35 Days

Ashika Stock Sub BrokerAshika Stock Broking is a private company that presents full brokerage services to its every customer.

It was established by Pawan Jain in the year 1994 and has its headquarters in Kolkata, West Bengal.

The SB Code Activation time needed for the Ashika Broker is thirty days and their pay-out time is thirty-five days.


Become a Sub Broker with Ashika Stock – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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Ashika Stock Sub Broker – Business Models

Find below table for details:

Master FranchiseNo
Sub BrokerYes
RemisierNo
Referral ProgramYes

There are four types of Business models that different companies can use. They are Master Franchise, Sub broker, Referral Program and Remisier.

The models used by the Ashika Stock company are:

  1. Sub Broker
  2. Referral Program

Ashika Stock Sub broker Commission / Revenue Sharing

Find below table to know Ashika Stock Securities Franchise Commission Models and Revenue Sharing Models:

Master FranchiseNA
Sub Broker60% – 80%
RemisierNA
Referral ProgramRs.1000 per Refer

In this model, the company offers other various sub-brokers its franchise and the brokers are at the liberty to work under the company name.

This model lets monopoly businesses to let more than one sub-broker of the same company to work at the same place with other sub-brokers of the same company.


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Ashika Stock Franchise Cost / Security Deposit

Below Tables gives a good understanding of Ashika Stock Securities Franchise Cost:

Master FranchiseNA
Sub BrokerRs.50,000 – Rs.150,000
RemisierNA
Referral ProgramZero

The security deposit that you need to make with Ashika Stock in order to have work with the company is as below:

  • For Sub Broker Business Model, you need to procure a minimum amount of Rs.50,000 and the maximum amount that you can take up is Rs.150,000. You must keep in mind that the higher will be the investment thus higher will be the revenue generated.
  • For Referral Program, you need to make zero payment for this business model.

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Ashika Stock Partner Infrastructure Requirement

Check the table to know Ashika Stock Partner Infrastructure Requirement:

Office AreaMinimum 100 SqFt
Employee StrengthMinimum 2
Research ServicesNo
Internet ConnectionNo
Trading TerminalsYes
Telephone LinesYes

If you wish to be the broker under the Ashika Stock then you need to have the following conditions fulfilled to get the work. These are basic rules that mostly every company needs. Here are the rules:

  • You should at least have 100 Sq. Ft. area as your office under your possession.
  • And should have at least 2 employees working for you.
  • You should have Trading Terminals.
  • It is important that your office should have a telephone line connected to your office.

Ashika Stock Sub Broker Offers

Find below various The Ashika Stock Capital Share Sub Broker Offers:

Zero DepositYes
10k Initial DepositNo
Flexible Revenue SharingYes
Flat Revenue SharingNo
Zero Revenue Sharing with PrepaidNo

Ashika Stock provides basic and best offers to its customers. The people of the company feels that it is very vital to provide everyone with enough opportunities. Hence, these are the offers provided by the company:

  • You have to make a zero deposit.
  • You can have flexible Revenue sharing.

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Ashika Stock Franchise Support

Below table consist of various support provided by Ashika Stock Authorised Person program:

Marketing SupportYes
Back-Office SupportYes
Trading SupportYes
Advisory SupportYes
Dealing TrainingNo
Acquisition TrainingNo
Product TrainingYes

The company provides support for its people. You can feel the support on every step you need to take on your way through the year. Here are some countable support points that the company provides:

  • Marketing Support
  • Back-Office Support
  • Trading Support
  • Advisory Support
  • Product Training

We are not born with the knowledge of everything, hence, having the training about the product helps a lot to work around the product.


Ashika Stock Authorised Person – Brokerage Charges to Clients

The table gives proper information of Ashika Stock Brokerage charges levied to its Franchise Clients:

Equity Delivery0.30%
Equity Intraday0.04%
Equity Futures0.04%
Equity OptionsRs.50 per Lot
Currency Futures0.04%
Currency OptionsRs.25 per Lot
Commodity0.04%

The Brokerage charges provided by the company to its Sub-brokers are basically based according to the market rates only.

They charge 0.30% for the Equity Delivery, 0.04% for the Equity Intraday, 0.04% for the Equity Futures, Equity Options as Rs. 50 per Lot, 0.04% for Currency Futures, Rs. 25 per Lot for Currency options and 0.04% for Commodity.


Ashika Stock Partner – Account Opening Charges to Clients

The table gives proper information of Ashika Stock Account opening charges levied to its Franchise Clients:

Demat AMCRs.350 per Annum
Trading AMCFree
Account Opening ChargesRs.300
Transaction Charges0.00315%
Margin MoneyMinimum Rs.20,000

The charges acquired by the clients working for the Ashika Stock are valid and very reasonable. The charge is Rs.350 per Annum for Demat AMC.

They provide free Trading AMC. They charge Rs, 300 for the Account Opening and the transaction charges are 0.00315%. The Margin Money is Rs. 20,000 at a minimum.


 

Become a Sub Broker with Ashika Stock – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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