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.

Summary
Top Business ModelSub Broker
Revenue Sharing60% – 75%
Security DepositRs.50,000 – Rs.100,000
Become Sub Broker in31 Days
Receive Payout in3-4 Weeks
FounderRashmin Relia
Established Year2004

Bansal Finstock offers


Bansal Finstock Sub Broker – Customer Ratings

Experience2.5/5
Services2.6/5
Products2.4/5
Trading Platforms2.5/5
Support2.3/5
Revenue Sharing Model2.4/5
Security Deposit2.4/5
Offers2.6/5
Market Share2.4/5
Overall Ratings2.5/5
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 TypePrivate
Broker typeFull Service Broker
HeadquartersBhavnagar, Gujarat
FounderRashmin Relia
Established Year2004
SB Code Activation Time31 Days
Payout Time3-4 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 FranchiseNo
    Sub BrokerYes
    RemisierYes
    Referral ProgramNo

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

    1. Remisier
    2. Sub Broker

    Bansal Finstock Franchise Commission Models / Revenue Sharing Models

    Master FranchiseNA
    Sub Broker60% – 75%
    Remisier10% – 25%
    Referral ProgramNA

    Considered as one of the best broker franchise 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 starting from 60% of the leads and can range maximum 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 FranchiseNA
    Sub BrokerRs.50,000 – Rs.100,000
    RemisierRs.10,000 – Rs.25,000
    Referral ProgramNA

    The Security deposit or Initial cost that you need to reserve with Bansal Finstock in order to work with the company is discussed in details 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 AreaMinimum 100 SqFt
    Employee Strength1
    Research ServicesNo
    Internet ConnectionYes
    Trading TerminalsYes
    Telephone LinesYes

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

    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 with an initial deposit of worth only 10,000.

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    Bansal Finstock Franchise Support

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

    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 Delivery0.2% – 0.3%
    Equity Intraday0.02% – 0.035%
    Equity Futures0.02% – 0.035%
    Equity OptionsRs.20 – Rs.30 per Lot
    Currency Futures0.02% – 0.035%
    Currency OptionsRs.15 – Rs.30 per Lot
    Commodity0.02% – 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 AMCRs.300 per Annum
    Trading AMCFree
    Account Opening ChargesRs.300
    Transaction Charges0.00265%
    Margin MoneyMinimum 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 extending from 0 to Rs 10,000.


    Become a Sub Broker with Bansal Finstock – Get a Call from Franchise Manager!

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      List of Top Bansal Finstock Partners / Business Partners

      Company ListRemisiers NameTrade NameRemisiers Registration No.
      BANSAL FINSTOCKAstik Niralkumar AAstik Niralkumar AR/3297/39212/29/11/2010
      BANSAL FINSTOCKChetan R ChauhanChetan R ChauhanR/3297/39279/13/12/2010
      BANSAL FINSTOCKDharaben Shashikant DaveDharaben Shashikant DaveR/3297/38933/01/11/2010
      BANSAL FINSTOCKHitesh Kantilal JoshiHitesh Kantilal JoshiR/3297/39353/21/12/2010
      BANSAL FINSTOCKJagdishkumar N DangarJagdishkumar N DangarR/3297/39086/22/11/2010
      BANSAL FINSTOCKJayesh Dayalal RuparelJayesh Dayalal RuparelR/3297/39215/29/11/2010
      BANSAL FINSTOCKJitendra Mukundrai BudhdevJitendra Mukundrai BudhdevR/3297/38574/21/09/2010
      BANSAL FINSTOCKRajeshbhai Amratlal RathodRajeshbhai Amratlal RathodR/3297/39232/13/12/2010
      BANSAL FINSTOCKUttam Jayantibhai SolankiUttam Jayantibhai SolankiR/3297/38880/21/10/2010