Bansal Finstock Sub Broker / Franchise / Authorised Person / Partner Review

Bansal Finstock has its base in Bhavnagar, Gujrat, and has been successfully serving its customers for 15 years now. Bansal Finstock is a private limited company that provides sub-broker and Remisier services to their partners and customers.

In this article, we will be discussing some important factors of Bansal Finstock Share Sub Broker Company. Our agenda is to go over all the details regarding the offers, benefits, brokerage charges, and other programs covered by Globe Capital Share Sub Brokers Company.

Top Business Model Sub Broker
Revenue Sharing 60% – 75%
Security Deposit Rs.50,000 – Rs.100,000
Become Sub Broker in 31 Days
Receive Payout in 3-4 Weeks
Founder Rashmin Relia
Established Year 2004

Bansal Finstock offers

Bansal Finstock Sub Broker – Customer Ratings

Experience 2.5/5
Services 2.6/5
Products 2.4/5
Trading Platforms 2.5/5
Support 2.3/5
Revenue Sharing Model 2.4/5
Security Deposit 2.4/5
Offers 2.6/5
Market Share 2.4/5
Overall Ratings 2.5/5
Star Ratings ★★★☆☆

Being one of the oldest and the most reliable share broking company to exist in Bhavnagar. Bansal Finstock has been able to generate quite a few good numbers of positive customer impressions. The Customer Rating of Globe Capital Share Sub Broker is better than just average.

The people who have worked with the company have claimed that the company presents good customer services, security deposits, experience, revenue sharing models, support, etc.

Keeping in mind all these things and on creating an overall sheet, we find that the average rating that the company got is around 3 points out of 5 which proves its excellence.

About Bansal Finstock Franchise

Company Type Private
Broker type Full-Service Broker
Headquarters Bhavnagar, Gujarat
Founder Rashmin Relia
Established Year 2004
SB Code Activation Time 31 Days
Payout Time 3-4 Weeks

Bansal Finstock Sub BrokerBansal Finstock is a private company that presents full brokerage service to all its customers. It was established by Rashmin Relia in the year 2004 and has its headquarters in Bhavnagar, Gujrat.

The Sub Broker Activation time required for Bansal Finstock Sub Broker is 31 days and their pay-out time is 3-4 weeks.

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    Bansal Finstock Sub Broker – Business Models

    Master Franchise No
    Sub Broker Yes
    Remisier Yes
    Referral Program No

    There are two types of business franchises available for brokers working under Bansal Finstock, they are:

    1. Remisier
    2. Sub Broker

    Bansal Finstock Franchise Commission Models / Revenue Sharing Models

    Master Franchise NA
    Sub Broker 60% – 75%
    Remisier 10% – 25%
    Referral Program NA

    Considered one of the best broker franchises in Bhavnagar, Bansal Finstockoffers great and accurate Revenue Sharing opportunities.  The Revenue received by the sub-brokers working under Globe capital is calculated on the basis of the following terms:

    • Remisier
    • Sub Broker

    The commission received by the brokers of Bansal Finstockhave their revenue sharing charges ranging between 10%-25% depending on the amount of security deposit that they have kept with the company.

    As for the Sub broker business model, the sub-brokers are allowed to start from 60% of the leads and can range a maximum of up to 75% of the leads that they provide the company with and the converts.

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    Bansal Finstock Franchise Cost / Security Deposit

    Master Franchise NA
    Sub Broker Rs.50,000 – Rs.100,000
    Remisier Rs.10,000 – Rs.25,000
    Referral Program NA

    The Security deposit or Initial cost that you need to reserve with Bansal Finstock in order to work with the company is discussed in detail below:

    For the Remisier Business model, you will be required to procure an amount starting from just Rs 10,000 and the maximum amount that you can procure is Rs 25,000.

    In the Sub broker model, one needs to provide a minimum of Rs 50,000 at the beginning of their partnership with Bansal Finstock. One can go as high as Rs 1,00,000.

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    Bansal Finstock Partner Infrastructure Requirement

    Office Area Minimum 100 SqFt
    Employee Strength 1
    Research Services No
    Internet Connection Yes
    Trading Terminals Yes
    Telephone Lines Yes

    It is mandatory to have the below-mentioned infrastructure if you plan on becoming a broker under Bansal Finstock.

    These are pretty much the most basic rules that any company asks for before inviting brokers to work under them. Hence, the fulfillment of the following rules is compulsory and important:

    • You should be in possession of at least 100 sq. Feet office area that you are working in.
    • Should have at least 1 employee working for and under you.
    • You should have active and smooth running internet connectivity which is pretty basic.
    • Should have Trading Terminals.
    • It is not mandatory for your office area to have some telephone lines.

    Bansal Finstock Sub Broker Offers

    Zero Deposit No
    10k Initial Deposit Yes
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid No

    The offers provided by Bansal Finstockare considered one of the very basic and the best among its competitors. The people working in the company feel that it is very important to provide each and everyone with enough opportunities. Here are some of the offers allowed by the company:

    • The company allows you to have flexible revenue sharing.
    • However, it does not allow the sub-brokers the facility of zero deposits and flat revenue sharing.
    • It allows you an initial deposit worth only 10,000.

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    Bansal Finstock Franchise Support

    Marketing Support Yes
    Back-Office Support Yes
    Trading Support Yes
    Advisory Support Yes
    Dealing Training No
    Acquisition Training No
    Product Training No

    Some of the support facilities provided to the sub brokers by Globe Capital are:

    • Marketing support
    • Back-office support
    • Trading support
    • Advisory support.

    It does not provide facilities like dealing with training, acquisition training, and product training.

    Bansal Finstock Franchise – Brokerage Charges to Clients

    Equity Delivery 0.2% – 0.3%
    Equity Intraday 0.02% – 0.035%
    Equity Futures 0.02% – 0.035%
    Equity Options Rs.20 – Rs.30 per Lot
    Currency Futures 0.02% – 0.035%
    Currency Options Rs.15 – Rs.30 per Lot
    Commodity 0.02% – 0.035%

    The brokerage Charges given by Globe Capital to its sub-brokers are usually as per the normal market rates. They charge 0.20%-0.30% to equity delivery, 0.02%-0.035% to equity intraday, equity futures, and currency futures.

    They offer Rs 20-Rs 30 per lot to equity options and Rs 15-Rs 30 per lot to currency options.

    Bansal Finstock Sub Broker – Account Opening Charges to Clients

    Demat AMC Rs.300 per Annum
    Trading AMC Free
    Account Opening Charges Rs.300
    Transaction Charges 0.00265%
    Margin Money Minimum Rs.10,000

    The charges acquired by the clients working under Globe Capital are very reasonable and valid. They charge Rs 300 for Demat AMC and provide free Trading AMC.

    The account opening charge is Rs 300 and the transaction charges run up to 0.00265%, and the margin extends from 0 to Rs 10,000.

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      List of Top Bansal Finstock Partners / Business Partners

      Company List Remisiers Name Trade Name Remisiers Registration No.
      BANSAL FINSTOCK Astik Niralkumar A Astik Niralkumar A R/3297/39212/29/11/2010
      BANSAL FINSTOCK Chetan R Chauhan Chetan R Chauhan R/3297/39279/13/12/2010
      BANSAL FINSTOCK Dharaben Shashikant Dave Dharaben Shashikant Dave R/3297/38933/01/11/2010
      BANSAL FINSTOCK Hitesh Kantilal Joshi Hitesh Kantilal Joshi R/3297/39353/21/12/2010
      BANSAL FINSTOCK Jagdishkumar N Dangar Jagdishkumar N Dangar R/3297/39086/22/11/2010
      BANSAL FINSTOCK Jayesh Dayalal Ruparel Jayesh Dayalal Ruparel R/3297/39215/29/11/2010
      BANSAL FINSTOCK Jitendra Mukundrai Budhdev Jitendra Mukundrai Budhdev R/3297/38574/21/09/2010
      BANSAL FINSTOCK Rajeshbhai Amratlal Rathod Rajeshbhai Amratlal Rathod R/3297/39232/13/12/2010
      BANSAL FINSTOCK Uttam Jayantibhai Solanki Uttam Jayantibhai Solanki R/3297/38880/21/10/2010