Goldmine Stocks is a key player in the stock market with hundreds of Goldmine Stocks Sub Brokers working under them across India.
| Summary | |
| Top Business Model | Sub Broker |
| Revenue Sharing | 50% – 70% |
| Security Deposit | Rs.30,000 – Rs.100,000 |
| Become Sub Broker in | 3-5 Weeks |
| Receive Payout in | 33 Days |
| Founder | Bhavin Magdani |
| Established Year | 1994 |
Goldmine Stocks of Mumbai is well known in the share market business and amongst the investor for more than 2 decades now. In this article, you can find detailed analysis of their business models, how they operate through Goldmine Stocks Sub Brokers, and what are brokerage plans available with them.
Apart from the sub-brokers, this article will also focus on the Goldmine Stocks Franchises and their revenue-sharing details, and the costs involved. this article will also enlighten you about the various offers, services, and support provided by Goldmine Stocks and about their journey till now.
Goldmine Stocks Franchise – Customer Ratings
Find the below table to know the Customer Ratings of Goldmine Stocks Sub Broker:
| Experience | 2.3/5 |
| Services | 2.4/5 |
| Products | 2.5/5 |
| Trading Platforms | 2.3/5 |
| Support | 2.4/5 |
| Revenue Sharing Model | 2.5/5 |
| Security Deposit | 2.4/5 |
| Offers | 2.4/5 |
| Market Share | 2.1/5 |
| Overall Ratings | 2.3/5 |
| Star Ratings | ★★★☆☆ |
Nowadays every information is available on the internet and that is why it is important for the company to have a good rating to be trusted by prospective customers. The customer ratings of the company suggest that the customers are satisfied with the services and the products from the company as they are rated around 2.4 and 2.5 respectively on a scale of 5 points.
The sub-brokers are also happy with the offers from the company and also happy with how the company shares the revenue with them. The offers provided are also well accepted. Moreover, the requirement for the security deposit is fine with the sub-brokers of the company as it is rated around 2.4 points.
The overall rating of the company is 2.3 points which makes it quite reliable amongst the customers and the partners of the company.
Overview of Goldmine Stocks Franchise / Sub Broker
Details about Goldmine Stocks Franchise are given in the below table:
| Company Type | Private |
| Broker type | Full Service Broker |
| Headquarters | Mumbai, Karnataka |
| Founder | Bhavin Magdani |
| Established Year | 1994 |
| SB Code Activation Time | 3-5 Weeks |
| Payout Time | 33 Days |
Goldmine Stocks is a private limited company founded in the year 1994 by Bhavin Magdani. The company has been a part of NSE, BSE, and many other stock market exchanges for years now. It provides all the required services as a broker and thus counted as a full-service broker. It is based in Gujrat, Ahmedabad.
Though its headquarter is in Gujrat, the company carries out its operation in different parts of the city and the country through its sub-brokers and franchises. The Sub-broker code activation time is 3 weeks as the minimum while it might take up to 5 weeks as well. The payout time is within 33 days.
Become a Sub Broker with Goldmine Stocks – Just Fill up the form
Compare Sub Broker Franchise
Goldmine Stocks Sub Broker – Business Models
Find below table for details:
| Master Franchise | Yes |
| Sub Broker | Yes |
| Remisier | No |
| Referral Program | No |
Goldmine Stocks Sub Brokership
This business model differs from the previous one in its approach as there can be any number of sub-brokers working in a particular area without any monopoly. They acquire their own clients and sell the products and services of the company and generate revenue.
Goldmine Stocks Master Franchise
In this business model, the company provides a franchise license to specific entities that meet eligibility requirements and afford the franchise cost. The franchise model runs on the basis of the clients acquired by the franchises and the revenue generated by selling the products and services of the company.
This is a business that can be referred to as a monopoly business in its own area as there can be only one master franchise in one particular area of a particular company.
Goldmine Stocks Sub Broker Commission / Revenue Sharing
Find the below table to know Goldmine Stocks Securities Franchise Commission Models and Revenue Sharing Models:
| Master Franchise | 75% – 85% |
| Sub Broker | 50% – 70% |
| Remisier | NA |
| Referral Program | NA |
The revenue shared with the sub-brokers and the franchises depends on one most crucial aspect which is the security deposit or the franchise cost which we will discuss in the next section.
In the case of Master Franchises, the revenue earned is within the range of 75% to 85%. If the franchise invests the minimum cost involved then it is entitled to 75% of the revenue while the maximum investment can fetch 85% of the revenue.
The sub-brokers on the other hand on keeping the minimum amount of deposit can earn 50% of the revenue while the maximum security deposit can get them up to 70% of the revenue they generate.
Check out Revenue Sharing of other Sub Brokers
Goldmine Stocks Franchise Cost / Security Deposit
The below Tables gives a good understanding of Goldmine Stocks Securities Franchise Cost:
| Master Franchise | Rs.300,000 – Rs.500,000 |
| Sub Broker | Rs.30,000 – Rs.100,000 |
| Remisier | NA |
| Referral Program | NA |
The Goldmine Stocks Sub Brokers security deposit can vary between Rs. 30000 and Rs. 100000. The minimum amount is very nominal allowing many new sub-brokers to enter the field with minimum investment.
The franchise cost starts from Rs. 300000 and the maximum one franchise can invest is Rs. 500000. The amount in the case of the franchise is more because of the benefits it enjoys of being one single business in a particular area under the name of the particular company.
Here are Security Deposit info of other Stock Broking Franchise
Goldmine Stocks Partner Infrastructure Requirement
Check the table to know Goldmine Stocks Partner Infrastructure Requirement:
| Office Area | Minimum 200 Sq Ft |
| Employee Strength | Minimum 2 |
| Research Services | Yes |
| Internet Connection | Yes |
| Trading Terminals | Yes |
| Telephone Lines | Yes |
The Goldmine Stocks infrastructure requirements are –
- There have to be at least 2 employees in the office who are working full time.
- The office must be 200 square feet and more.
- The office must be equipped with internet and telephone facilities.
- There must be research services available.
- The trading terminals must be there in the office of the Goldmine Stocks partners.
Goldmine Stocks Sub Broker Offers
Find below various Goldmine Stocks Capital Share Sub Broker Offers:
| Zero Deposit | No |
| 10k Initial Deposit | No |
| Flexible Revenue Sharing | Yes |
| Flat Revenue Sharing | No |
| Zero Revenue Sharing with Prepaid | Yes |
The offers provided by Goldmine Stocks–
- Sub-brokers can invest just Rs. 30000 that too as a deposit amount to start the business, while the earning potential is huge.
- It offers a flexible revenue-sharing method.
- The company provides professional research services and reports to its partners.
- Provide all kinds of required support.
Check out other companies Sub Broker Offers
Goldmine Stocks Franchise Support
The below table consists of various support provided by the Goldmine Stocks Authorised Person program:
| Marketing Support | No |
| Back-Office Support | Yes |
| Trading Support | Yes |
| Advisory Support | Yes |
| Dealing Training | No |
| Acquisition Training | No |
| Product Training | Yes |
The master franchises and the sub-brokers of Goldmine Stocks get full-fledged back-office support, advisory support, and trading support. The partners also get full product training so that they can pitch the products well in front of their customers and ensure sale.
Goldmine Stocks Authorised Person – Brokerage Charges to Clients
The table gives proper information on Goldmine Stocks Brokerage charges levied to its Franchise Clients:
| Equity Delivery | 0.15% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs.15 per Lot |
| Currency Futures | 0.02% |
| Currency Options | Rs.10 per Lot |
| Commodity | 0.02% |
The Goldmine Stocks brokerage plans are –
- The company charges 0.02% on equity intraday, equity futures, and currency futures as well.
- For the equity intraday, the charges are 15%
- On Equity options, the brokerage charged Rs. 15 for each lot and on currency options, the rate is Rs. 10
- The commodities are also traded and the brokerage applicable to them is 0.02%.
Goldmine Stocks Partner – Account Opening Charges to Clients
The table gives proper information on Goldmine Stocks Account opening charges levied to its Franchise Clients:
| Demat AMC | Rs.250 per Annum |
| Trading AMC | Free |
| Account Opening Charges | Rs.330 |
| Transaction Charges | 0.00325% |
| Margin Money | Minimum Rs.10,000 |
The Goldmine Stocks account opening charge is Rs. 330 at present while the annual maintenance fee is Rs. 250 for the Demat Account. For the trading account, there is no such fee involved and it is completely complimentary. The minimum amount of margin money that has to be kept is Rs. 10 thousand as of now. The transactions are charged at 0.00325% as per regulations.
Benefits of Goldmine Stocks Partner Program
The Goldmine Stocks Sub-brokers program is beneficial for the sub-brokers as –
Out of the many benefits of partnering with Goldmine Stocks, here are a few –
- Reliable and transparent policies
- Nominal brokerage plans
- Low investment and high return for the partners
- Supportive customer care and executives
Become a Sub Broker with Goldmine Stocks – Just Fill up the form
Find detailed review of other Sub Broker Franchise