Goldmine Stocks Sub Broker / Franchise / Authorised Person / Partner Review

Goldmine Stocks is a key player in the stock market with hundreds of Goldmine Stocks Sub Broker 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 detail analysis of their business models, how they operate through Goldmine Stocks Sub Brokers, what are the 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 below table to know 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 is 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 Sub BrokerThe 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 headquarter is at Gujrat, the company carries out its operation in different parts of the city and the country through its sub-brokers and the 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.


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    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 who meet eligibility requirement and afford the franchise cost. The franchise model runs on the basis of the clients acquired by the franchises and revenue generated by selling products and services of the company.

    This is a business which 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 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.


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    Goldmine Stocks Franchise Cost / Security Deposit

    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 allows 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 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.


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    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 has to be at least 2 employee in the office who are working full time.
    • The office must be of 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 The 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 kind of required support.

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    Goldmine Stocks Franchise Support

    Below table consist of various support provided by 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 the sale.


    Goldmine Stocks Authorised Person – Brokerage Charges to Clients

    The table gives proper information of 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 is Rs. 15 each lot and on currency option, the rate is Rs. 10
    • The commodities are also traded and brokerage applicable to them is 0.02%.

    Goldmine Stocks Partner – Account Opening Charges to Clients

    The table gives proper information of 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 charges 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 many benefits of partnering with Goldmine Stocks, here are 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

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