Farsight Securities is a key player in the stock market with hundreds of Farsight Securities Sub Broker working under them across India.
Farsight Securities have helped investors who want to become rich and achieve their financial goals. It has become one of the most successful sub-broker firms in New Delhi and has attracted a large number of sub-brokers because of its unique value proposition. It is known for providing excellent customer services to investors.
Here in this article, we give you the review of Farsight Securities and the analysis of the sub-broker offers, security deposit and infrastructure requirements, franchise revenue sharing models and the benefits for sub-brokers. With this information, you will be able to take a better decision in choosing the right firm for your sub-broking aims.
Farsight Securities Sub Broker – Customer Ratings
Find below table to know Customer Ratings of Farsight Securities Sub Broker:
|Revenue Sharing Model||2.5/5|
The customer rating of Farsight Securities is 2.3. This is a slightly below average rating provided by customers. This means that the customers are satisfied with the customer services, training, and marketing support.
The firm has an unusually high-rating for its revenue sharing models. The overall average rating of Farsight Securities is 3 taking into consideration various factors such as revenue sharing model, security deposit and customer experience.
About Farsight Securities Franchise
Details about Farsight Securities Franchise is given in the below table:
|Broker type||Full Service Broker|
|Headquarters||New Delhi, Delhi|
|Founder||Naresh Chand Maheshwari|
|SB Code Activation Time||3-5 Weeks|
|Payout Time||33 Days|
Farsight Securities is a full-service broker that is headquartered in New Delhi. Naresh Chand Maheshwari founded the company in 1995. It is a public company and operates as a full-service broker.
Since then, the company has served its investors well increasing their returns multifold. The sub-broker activation time for Farsight Securities is 3-5 weeks days. The average payout time is 33 days which is better than most sub brokerage agencies.
Become a Sub Broker with Farsight Securities – Just Fill up the form
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Farsight Securities Sub Broker – Business Models
Find below table for details:
There are two types of sub-broker programs available with Farsight Securities. These include
- Master Franchise
Farsight Securities Master Franchise Program
As per the Farsight Securities Master franchise program, sub-brokers can operate offices under the firm’s name. They can also lend out services to other sub-brokers under the name of Farsight Securities. This will help the sub-brokers to scale faster in a short period.
Farsight Securities Sub-broker Franchise Model
The sub-broker business of Farsight Securities allows individual brokers to work under the company name. This is a franchise model that acts like a monopoly business in which multiple brokers can do work in the same workplace.
Farsight Securities Remisier
Remisier is an agent of the broking house who provides hot leads to the firm. Once the leads are converted, the remisier gets a certain percentage cut of the revenue. This enables freelance agents to start earning money without much investments.
Farsight Securities Franchise Commission Models / Revenue Sharing Models
Find below table to know Farsight Securities Franchise Commission Models and Revenue Sharing Models:
|Master Franchise||75% – 85%|
|Sub Broker||50% – 70%|
Farsight Securities are one of the most renowned sub-brokers in New Delhi. It has a fair and transparent franchise commission on revenue sharing. The revenue sharing model of Farsight Securities is as follows:
- Master Franchise
The commission for the master franchise under the Farsight Securities ranges from 75% – 85%. Commission for sub-brokers under the Farsight Securities ranges from 50% – 70%. For the Remisier program, The commission is Rs 10,000. This amount can vary based on the amount of security deposit available with the company.
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Farsight Securities Franchise Cost / Security Deposit
Below Tables gives a good understanding of Farsight Securities Franchise Cost:
|Master Franchise||Rs.200,000 – Rs.600,000|
|Sub Broker||Rs.50,000 – Rs.100,000|
Sub-brokers are required to deposit security amount to gain license under Farsight Securities brand name. For the sub-broker business model, you will need to invest Rs 2,00,000 – Rs 6,00,000.
In this business model, you will need to invest Rs 50,000. For sub-brokers who want to have a higher revenue share, they are required to invest Rs 1,00,000 as security money.
This initial investment is fully refundable and will be returned to you if you decide to opt out of the licensing program.
The investment for Remisier program is Rs 1.100. This amount will be kept as a security deposit to enable you to carry on the work of referring new customers to the company.
Here are Security Deposit info of other Stock Broking Franchise
Farsight Securities Partner Infrastructure Requirement
Check the table to know Farsight Securities Partner Infrastructure Requirement:
|Office Area||Minimum 300 Sq Ft|
|Employee Strength||Minimum 3|
The following infrastructure needs to be present to attain a Farsight Securities sub-broker license.
- Minimum 300 sq. ft area office
- At least 3 employees
- Need to have research services that enable you to gain research information quickly
- And need to have trading terminals for executing the trade
- You need to have telephone lines for executing the trade
These are the most basic requirements for running any office. The Farsight Securities infrastructure requirements can be met with minimal investment.
Farsight Securities Sub Broker Offers
Find below various The Farsight Securities Sub Broker Offers:
|10k Initial Deposit||No|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||Yes|
Farsight Securities provide one of the best offers for sub-brokers that energizes them to become high performing investment managers. Below are the offers provided by the company.
- Flexible revenue sharing
- Zero revenue sharing with prepaid
The main advantage is that the company does not require Rs 10,000 initial deposit and other constraints like flat revenue sharing model. The more you perform, the more you can earn with Farsight Securities.
Check out other companies Sub Broker Offers
Farsight Securities Franchise Support
Below table consist of various support provided by Farsight Securities Authorised Person program:
Farsight Securities franchise support consists of the following:
- Marketing support
- Back office support
- Trading support
- Advisory support
However, it does not provide dealing with training and acquisition training. This will have to be managed by the individual sub-broker.
Farsight Securities Franchise – Brokerage Charges to Clients
The table gives proper information of Farsight Securities Brokerage charges levied to its Franchise Clients:
|Equity Options||Rs.75 per Lot|
|Currency Options||Rs.50 per Lot|
Farsight Securities brokerage charges is at par with market charges. They are as follows:
Equity Delivery is charged at 0.35%. The Equity Intraday delivery is charged at 0.04%. Equity Futures is charged at 0.04%. The Equity Options delivery is charged at Rs.75 per Lot. Currency Futures trading is charged at 0.04%. The Currency Options trading is charged at Rs.50 per Lot.
Farsight Securities Sub Broker – Account Opening Charges to Clients
The table gives proper information of Farsight Securities Account opening charges levied to its Franchise Clients:
|Demat AMC||Rs.399 per Annum|
|Account Opening Charges||Rs.250|
|Margin Money||Minimum Rs.1,000|
Farsight Securities charges to clients are very minimal compared to that of other brokers in the market. This has been the main selling point for the company’s excellent services.
Demat AMC is a minimum of Rs 399 per annum. The trading AMC is free of cost. The account opening charges are Rs 250. The transaction charges are at 0.00325%. The margin money is at Rs 1,000.
Benefits of Farsight Securities Partner Program
Being a partner with Farsight Securities provides high financial returns and a comfortable work life. Many sub-brokers have attained financial well being within a short period from when they have associated with us. There are also other advantages such as:
- Strong brand name
- Minimal charges for accounts
- Great track record with handling investor money
- Excellent back office support for customers and sub-brokers.
All in all, Farsight Securities is the best place for sub-broker wanting to make a mark in the investment broking sector.
Become a Sub Broker with Farsight Securities – Just Fill up the form
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