KR Choksey Sub Broker / Franchise / Authorised Person / Partner Review

KR Choksey is a key player in the stock market with hundreds of KR Choksey Sub Broker working under them across India.

Summary
Top Business Model Sub Broker
Revenue Sharing 50% – 70%
Security Deposit Rs.50,000 – Rs.200,000
Become Sub Broker in 31 Days
Receive Payout in 3-4 Weeks
Founder Kisanbhai R. Choksey
Established Year 1979

KR Choksey Securities is a renowned stockbroker in the financial capital city of India. The firm has extensive experience in the industry and has earned goodwill through its valuable services to the investors. The KR Choksey Securities sub-brokers have been a major part of the business.

The KR Choksey Securities franchises are present all over the city and country to expand the reach of the business. Here in this article, you will get the details of the business models followed by the company and how it shares revenue with its partners.

The article will also enlighten you about the different services and products/offers of the company and the brokerage plans apart from all other minute details.


Kr Choksey offers


KR Choksey Franchise – Customer Ratings

Find below table to know Customer Ratings of KR Choksey Sub Broker:

Experience 2.5/5
Services 2.6/5
Products 2.4/5
Trading Platforms 2.5/5
Support 2.3/5
Revenue Sharing Model 2.4/5
Security Deposit 2.4/5
Offers 2.6/5
Market Share 2.4/5
Overall Ratings 2.5/5
Star Ratings ★★★☆☆

The KR Choksey Securities customers rating is quite good as compared to its peers in the industry. The customers seem satisfied with the services the company provides as it has been rated at 2.6 out of 5. While the customer experience is at 2.5 and the products at 2.4 depicts the likeness of the customers towards the same.

The trading platforms are also rated at 2.5 which shows that they are advanced and easy to handle. The sub-brokers are also happy with the support they get from the company’s end for running their business.

The offers provided to the partners are also well rated at 2.6 and taking all other things into consideration the overall rating of the company is 2.5 which is quite a good rating.


Overview of KR Choksey Franchise / Sub Broker

Details about KR Choksey Franchise is given in the below table:

Company Type Public
Broker type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Kisanbhai R. Choksey
Established Year 1979
SB Code Activation Time 31 Days
Payout Time 3-4 Weeks

KR Choksey Sub BrokerThe KR Choksey Securities customers rating is quite good as compared to its peers in the industry. The customers seem satisfied with the services the company provides as it has been rated at 2.6 out of 5.

While the customer experience is at 2.5 and the products at 2.4 depicts the likeness of the customers towards the same. The trading platforms are also rated at 2.5 which shows that they are advanced and easy to handle. The sub-brokers are also happy with the support they get from the company’s end for running their business.

The offers provided to the partners are also well rated at 2.6 and taking all other things into consideration the overall rating of the company is 2.5 which is quite a good rating.


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    KR Choksey Sub Broker – Business Models

    Find below table for details:

    Master Franchise Yes
    Sub Broker Yes
    Remisier Yes
    Referral Program No

     

    KR Choksey Master Franchise

    KR Choksey Securities follows this model under which they provide franchise ownership to the one who is interested and meets the requirements. This business model is based on customers acquired by the franchise and then revenue is generated by selling the company’s product to them.

    The franchise business model is a kind of monopoly model where there can be only one franchise in a particular area. It is area specific. This is why the amount of investment required is also more than any other business model.

    KR Choksey Sub Brokership

    The sub-brokers of the company also depends on the clientele they can build and then pitching and selling products and services which earns the revenue. This is not a monopoly business and there can be an end number of sub-brokers working in one area.

    KR Choksey Remisier

    It is the business model where agents come into play. The agents have to find leads and then provide those leads to the company. If the company can generate revenue from the leads of the agent, then the agent or the Remisier gets a percentage of the revenue. It is the lowest investment business model under KR Choksey Securities.


    KR Choksey Sub Broker Commission / Revenue Sharing

    Find below table to know KR Choksey Securities Franchise Commission Models and Revenue Sharing Models:

    Master Franchise 70% – 85%
    Sub Broker 50% – 70%
    Remisier 20%
    Referral Program NA

    All the partners of KR Choksey Securities work for a certain percentage of revenue which depends on the amount of investment or security deposit they have made and the revenue sharing models of KR Choksey Securities are –

    • The Master Franchises can earn within the range of 70% to 85%, where 70% is the minimum revenue against the minimum amount of investment and 85% being the highest.
    • The sub-brokers are entitled to a bracket of 50% to 70%. The same strategy goes for the sub-brokers as well were against the minimum amount of security deposit they can earn 50% revenue and the more security deposit is, the more revenue can be earned.
    • Remisier or the agents can earn a flat 20% on the sales from their leads.

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    KR Choksey Franchise Cost / Security Deposit

    Below Tables gives a good understanding of KR Choksey Securities Franchise Cost:

    Master Franchise Rs.200,000 – Rs.500,000
    Sub Broker Rs.50,000 – Rs.200,000
    Remisier Rs.30,000
    Referral Program NA

    The KR Choksey Securities provides a wide range of investment and security deposit amount to suit the different requirements and financial goals of the partners. The KR Choksey Securities franchise cost is Rs. 200000 as the minimum where it can go up to Rs. 500000.

    For the sub-brokers security deposit, the amount can be anything between Rs. 50000 and Rs. 2 lakhs.

    The Remisier has to pay security of Rs. 30000 flat for doing the business under KR Choksey Securities.


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    KR Choksey Partner Infrastructure Requirement

    Check the table to know KR Choksey Partner Infrastructure Requirement:

    Office Area Minimum 300 Sq Ft
    Employee Strength Minimum 3
    Research Services No
    Internet Connection Yes
    Trading Terminals No
    Telephone Lines Yes

    The KR Choksey Securities infrastructure requirements are –

    • A place where officials can be built or a readymade office of 300 square feet at the least.
    • The office must have high-speed internet or wifi connection along with telephone services. It is mandatory so that the customers can connect with the firm anytime required.
    • The minimum number of employees is three and the employees must be working full time.

    KR Choksey Sub Broker Offers

    Find below various The KR Choksey Capital Share Sub Broker Offers:

    Zero Deposit No
    10k Initial Deposit Yes
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid No

    The KR Choksey Securities offers provided to the partners are –

    • Low investment and higher earning potential
    • Flexible revenue sharing models
    • Partnership with only 10k initial deposit, rest of the amount one can pay afterward within a stipulated time frame as prescribed by KR Choksey Securities.
    • The company also lends its hand to support the partners and grow their business

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    KR Choksey Franchise Support

    Below table consist of various support provided by KR Choksey Authorised Person program:

    Marketing Support No
    Back-Office Support Yes
    Trading Support No
    Advisory Support Yes
    Dealing Training Yes
    Acquisition Training Yes
    Product Training No

    The support provided by the KR Choksey Securities are –

    • Back office support to take care of the work and tasks related to the back office like documentation, logistics
    • The company provides advisory support to the partners in order to provide the right and genuine advice to the clients
    • Dealing and acquisition training is provided to acquire new clients and sell products and services smoothly.

    K R Choksey Authorised Person – Brokerage Charges to Clients

    The table gives proper information of KR Choksey Brokerage charges levied to its Franchise Clients:

    Equity Delivery 0.22%
    Equity Intraday 0.02%
    Equity Futures 0.02%
    Equity Options Rs.22 per Lot
    Currency Futures 0.02%
    Currency Options Rs.22 per Lot
    Commodity 0.02%

    The brokerage charges on equity delivery are at 0.22% while the equity intraday transactions and currency and equity futures along with commodities are charged at 0.02%. The company charges transactions of options both equity and currency options at Rs. 22 per lot.


    KR Choksey Partner – Account Opening Charges to Clients

    The table gives proper information of KR Choksey Account opening charges levied to its Franchise Clients:

    Demat AMC Free
    Trading AMC Rs.450 per Annum
    Account Opening Charges Rs.300
    Transaction Charges 0.00283%
    Margin Money Minimum Rs.20,000

    If you want to open a KR Choksey Securities account to start investing you can do it for Rs. 300. For maintaining the trading account, yearly you have to pay Rs. 450 and for the Demat account, the charges are nil. The margin money required is Rs. 20000 and the transaction charges you have to pay for transactions you made is at 0.00283% of the transaction.


    Benefits of K R Choksey Franchise Program

    The KR Choksey Sub-brokers program is beneficial for the sub-brokers as –

    • The rich experience help in investing wisely and with faith
    • The company is customer-friendly
    • The partners have a huge earning opportunity
    • Flexible, easy and transparent revenue sharing option.

    Become a Sub Broker with KR Choksey – Just Fill up the form

      Become a Sub Broker
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