Choice Broking Sub Broker Program has been one of the later entrant in market. It has been at top in the list of SME market makers. They have concentrated on such an area and have reaped quite benefits from it. It has varied service portfolio like wealth management, investment advisor, portfolio management, raising funds etc.
Choice Broking is well known in the sub broker business for their transparent way of doing business. They ensure that all the details are made clear to the sub broker before entering into agreement. They do not have any hidden charges or deposits. It is also known to be vividly supportive towards its sub brokers and encourager of small business entrepreneur.
Choice Broking Franchise Customer Ratings
|Choice Broking Franchise|
|Revenue Sharing Model||2.6/5|
Types of Choice Broking Sub Broker/ Authorized Person
Choice Broking, similar to its name, provides choices to the potential partners to chose to become a full fledged sub broker with own client base or to be a referrer i.e. a remisier and earn by referring customers to Choice Broking. The two models are widely prevalent business models in this industry.
- Sub broker – build up own client base and trade on their behalf
- Remisier – Refer and earn
Become a Choice Broking Authorized Person – Just Fill up the form
Choice Broking Sub broker or Choice Broking Authorised person
Choice Broking sub broker is the most opted model among the two models offered. Under this model, the partner will have to set up his or her own office and build up own customer base.
The sub broker gets to leverage on the brand and the trading tool and registrations obtained by Choice Broking. The revenue in this model ranges from 50% to 80% and may also hike up to 90%.
Choice Broking Remisier
This model is mostly accepted by people as an extra source of income. People with large network circles generally opt for such models. The remisier need not set up any office etc.
The remisier can work remotely – his profile requires him to merely connect a potential trader with the Choice Broking firm and then all the functions are taken over by Choice Broking.
For this referring functions, the remisier earns commission to the tune to 15% to 30% depending upon the revenue generated from clients referred.
Choice Broking Franchise Commission or Revenue Sharing Model
Choice Broking Franchise Program has a competitive revenue sharing ratio. The ratios generally acceptable in the broking industry are reflected appropriately in their remuneration. The sub broker gets to retain brokerage revenue of 50% to 80%.
In case where the deposit amount is high or the revenue generated is substantial, the sub broker can bargain and negotiate on such ratio and can earn himself a higher ratio of 85% to 90% as well.
There are other factors also involved like the credit period that the customers are given, the margin money utilized, the credibility of sub broker etc.
For a remisier, the revenue ratio ranges from 15% to 30%. 30% is maximum revenue sharing ratio in case of a remisier. The remisier earns a limited portion as the role of remisier is also very limited. Its role ends at the introduction of two parties.
The ratio in this case is dependent on parameters like brokerage revenue that your referee gets, the activeness in trading of such refree etc.
|Business model||Choice Broking Commission||Sub Broker Commission|
|Sub broker/ Authorised partner||20% – 50%||50% – 80%|
|Remisier||70%- 85%||15% – 30%|
Check Revenue Sharing Models of other Stock Broking Franchise
|Angel Broking Sub Broker||Sharekhan Sub Broker||Kotak Securities Sub Broker|
|ICICI Direct Sub Broker||IIFL Sub Broker||SMC Sub Broker|
|Nirmal Bang Sub Broker||Sushil Finance Sub Broker||Profitmart Sub Broker|
Choice Broking Franchise Cost or Security Deposit Amount
Choice Broking sub broker has to pay a security deposit ranging from INR 50,000 to INR 2 lacs. This deposit may vary from person to person depending upon the risk that such sub broker carries with its client base.
The deposit amount is refundable in nature and is refunded at the end of the tenure of the agreement. This is useful for the broking company to cover up any defaults that the sub broker might commit. The choice broking sub broker is also required to make infrastructure investment.
In case of a remisier, the security deposit amount ranges from INR 15,000 to INR 30,000. The remisier need not make any investment in infrastructure.
|Business model||Chioice Broking Deposit required|
|Sub broker/ Authorised person||Rs. 50,000 onwards|
|Remisier||Rs. 15,000 to Rs. 25,000|
Check Security Deposit requirements of other Sub Broker Franchise
|Prabhudas Lilladher Sub Broker||IDBI Direct Sub Broker||Swastika Investment Sub Broker|
|Motilal Oswal Sub Broker||Ventura Securities Sub Broker||SKI Capital Sub Broker|
|Sykes & Ray Sub Broker||Geojit Finance Sub Broker||Zerodha Sub Broker|
Choice Broking Authorized Person or Sub Broker Offer
Choice Broking has following offers for its sub broker programe:
- Flexible revenue sharing ratio
- Waiving registration fee
- Free advisory calls for a month
- Increased margin money
- Less infrastructure investment requirements
How to become Choice Broking Sub Broker?
Step 1 – Fill in the form available here with correct details
Step 2 – Our representative will call you to check the correctness of details and to confirm your interest
Step 3 – Representative from Choice Broking Franchise will call you to set up a meeting
Step 4 – Discuss the proposal with Choice Broking Authorised Person Team. Understand all terms and conditions, negotiate if required.
Step 5 – Submit your documents to Choice Broking Team for verification and record purposes. Also provide the cheque/DD for deposit and registration fee
Step 6 – Choice Broking will verify the documents and proceed to finalizing the agreement
Step 7 – Execute the agreement and therafter Choice Broking will generate business code for you and also undertake registration with stock exchange.
The procedure gets completed in almost 6-10 days.
Documents Required for Choice Broking Partner Registration
- Self attested copy of PAN card
- Self attested copy of Aadhar Card
- 5 passport size photographs
- Selft attested copy of DOB proof
- Self attested copy of passing certificates
- Copy of registration with stock exchange
- Receipt of deposit made
Understand the Documents Requirement of other Sub Brokers
|Tradebulls Sub Broker||5Paisa Sub Broker||AasthaTrade Sub Broker|
|Religare Securities Sub Broker||Edelweiss Sub Broker||Karvy Sub Broker|
|Arihant Capital Sub Broker||Alice Blue Sub Broker||Narnolia Sub Broker|
|Anand Rathi Sub Broker||IFCI Sub Broker||Just Trade Sub Broker|
Why Partner with Choice Broking?
- Time bound sharing
- Zero account opening charge
- Centralised back office
- Online & mobile trading platform
- Quick account opening
Support provided by Choice Broking Partner Program
- Provides business development support
- Provides marketing support system
- No minimum requirement of office space
- Training to get onboarded
- Provides management consulting services
Start your business with Choice Broking Sub Broker – Just Fill up the form
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