Eureka securities Sub Broker was set with the goal of helping their client to achieve their financial goal in 1992 in Kolkata. With their ethical and intellectual team of 130 employees they are good enough to satisfy the need of 70,000 customers throughout the country.
Here is an article in which you will find all the details of Eureka securities Franchise which will cover all the benefits, offers and other programs covered by the Eureka securities.
Eureka Securities Sub Broker – Customer Ratings
|Revenue Sharing Model||2.5/5|
Eureka Securities is a very reliable company which offer their customer a tailor-made financial solutions to all their needs.
Eureka Securities Franchise maintains outstanding customer experience, services, products, revenue sharing models and provides offers and taking all the rating into account the overall rating of the company is 2.5 points out of 5 points.
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About Eureka Securities Franchise
Find below table for Eureka Securities Franchise overview:
|Broker type||Full Service Broker|
|Headquarters||Kolkata, West Bengal|
|Founder||Ramesh Kumar Somani|
|SB Code Activation Time||28 Days|
|Payout Time||31 Days|
Eureka Securities was found in the year 1992 by Ramesh Kumar Somani and since it is continuing its business with the aim to provide simplified investment solutions to their valuable clients. The company is a private entity and offers full service of a broker. It is situated in Kolkata, West Bengal.
It started when the chairman Mr. Paras Ram Somani registered himself as the member of Calcutta Stock Exchange in the year 1960, as the technology advanced Eureka grew drastically and took no longer to acquire the membership of NSE.
Growing trust helped them retain their rich clientele which includes retail investors, Banks, financial institution, HNIs, and NRIs. This allows the client to invest in a wide range of products according to their needs and they are satisfied with their services.
Eureka securities sub-broker activation time is 28 days and the payout time is 31 days.
Eureka Securities Sub Broker – Business Models
Find below various business models of Eureka Securities Franchise:
There are two different business model available with Eureka Securities which are
- Sub broker Model
- Remisier Model
Eureka Securities Sub Broker / Authorised Person Model
Eureka Securities sub-broker model is one of the basic models which is present in the industry, in this model the company gives multiple sub-brokers chances to work under their name.
There are many sub-brokers of the same company working under one roof as it is not a monopoly business. This model mainly depends on the company client base.
Eureka Securities Remisier / Partner Model
Eureka Securities remisier model is one in which a remisier is an agent which is appointed by the company, and the company receives a commission for each transaction.
He is a direct employee and is paid on a fixed monthly basis; this helps him to earn attractive commission and increase the client base.
Eureka Securities Sub Broker Commission / Revenue Sharing
Below table gives you detail about Eureka Securities Franchise Revenue Sharing:
|Sub Broker||60% – 75%|
|Remisier||10% – 30%|
The franchise commission or the revenue sharing of the sub brokers of Eureka securities depends on the amount of the
- Security deposit of sub broker
- Revenue from remisier
For the sub broker of Eureka Securities commission ranges from 60% to 75%depending on the amount of security deposit with the company.
On the other hand commission from remisier ranges from 10% to 30% depending on the amount of commission.
Eureka Securities Franchise Cost / Security Deposit
Find detailed table of Eureka Securities Sub broker security deposit:
|Sub Broker||Rs.50,000 – Rs.200,000|
|Remisier||Rs.10,000 – Rs.30,000|
For the sub brokership under Eureka Securities, you need to invest Rs.50,000 up to Rs.200,000, and for a remisier you need a minimal amount of Rs.10,000 to Rs.30,000 to carry on under Eureka Securities.
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Eureka Securities Partner Infrastructure Requirement
Find table regarding Eureka Securities Sub broker requirements:
|Office Area||Minimum 200 Sq Ft|
|Employee Strength||Minimum 2|
Eureka Securities infrastructure requirements are as follows:
- The office area should be at least 200 square feet, less than this will not be considered.
- The number of employees should be 2 or more than that.
- The franchise must have research services for their client benefit
- Internet connection and telephone lines also should be there for better communication.
- The franchise should have trading terminals as this is a mandatory requirement.
Eureka Securities Sub Broker Offers
Various offers of Eureka Securities Franchise are listed below:
|10k Initial Deposit||Yes|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||Yes|
Find below Eureka Securities sub broker offers
- There is a flexible revenue sharing option which is very crucial sometimes.
- There is a requirement of 10k initial deposit.
- Prepaid option is also offered by the broking house from time to time
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Eureka Securities Franchise Support
Find below table about Eureka Securities Partner Support:
The various support provided by Eureka Securities share franchise
- There is marketing support available along with the trading support.
- They also provide back office support to its franchise.
- Eureka Securities provide advice to the franchise.
- They also give product training to its franchise.
Eureka Securities Authorised Person – Brokerage Charges to Clients
Find below table about Brokerage Charges levied by Sub broker to their clients:
|Brokerage Charges to Clients|
|Equity Options||Rs.50 per lot|
|Currency Options||Rs.20 per lot|
Eureka Securities brokerage charges a quite nominal charge of 0.3% for equity delivery.
Then they charge 0.3% for equity intraday, equity futures and currency futures and also for the commodity. The charge for equity option is Rs 50 per lot, and for currency option, it is Rs 20 per lot.
Eureka Securities Partner – Account Opening Charges to Clients
Find detailed account opening charges levied on Eureka Securities Sub brokers clients:
|Account Opening Charges to Clients|
|Account Opening Charges||Rs.400|
|Margin Money||Rs.15,000 Minimum|
The Eureka Securities opening charges are free for the Demat account, and the trading account is also opened for free.
The transaction charges are 0.00300%, and the minimum margin money that a client has to maintain is Rs.15,000.
Benefits of Eureka Securities Partner Program
The advantages of Eureka Securities Sub Broker program are:
- They have a strong background since it was found back in the year 1992 and with moving ahead in this incredible journey they have crossed several successful milestones in this industry.
- They are super flexible as they provide a tailor-made financial solution to all the needs of the clients; service to their client has always been their top priority.
- Eureka Securities use super edge technology to meet the requirements of their clients, with the growing market all the needs and commodities are kept in a note.
- They maintain high-level transparency.
Become a Sub Broker with Eureka Securities – Get a Call from Franchise Manager!
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