Modex Securities Sub Broker / Franchise / Authorised Person / Partner Review

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

Summary
Top Business ModelSub Broker
Revenue Sharing55% – 80%
Security DepositRs.50,000 – Rs.100,000
Become Sub Broker in35 Days
Receive Payout in35 Days
FounderDharmendra Kumar Arora
Established Year1995

Modex Securities has its base in New Delhi and has been successfully serving its customer over 24 years now. Modex Securities is a public company that provides full brokerage services to its partners and customers.

In this article, we will be discussing some important factors of Modex Securities Share Sub Broker Company. Our agenda is to go over all the details regarding the offers, benefits, brokerage charges and other programmes covered by Modex Securities Share Sub Brokers Company.


Modex Securities


Modex Securities Franchise – Customer Ratings

Find below table to know Customer Ratings of Modex Securities Sub Broker:

Experience2.2/5
Services2.3/5
Products2.5/5
Trading Platforms2.3/5
Support2.4/5
Revenue Sharing Model2.3/5
Security Deposit2.5/5
Offers2.2/5
Market Share2.3/5
Overall Ratings2.3/5
Star Ratings★★★☆☆

Being one of the oldest and the most reliable share broking company to exist in Delhi, Modex Securities has been able to generate quite a few good numbers of positive customer impressions. The Customer Rating of Modex Securities Share Sub Broker is better than just average.

The people who have worked with the company have claimed that the company presents good customer services, security deposits, experience, revenue sharing model, support, etc.

Keeping in mind all these things and on creating an overall sheet, we find that the average rating that the company got is around 3 points out of 5 which proves its excellence.


Overview of Modex Securities Franchise / Sub Broker

Details about Modex Securities Franchise is given in the below table:

Company TypePublic
Broker typeFull Service Broker
HeadquartersNew Delhi, Delhi
FounderDharmendra Kumar Arora
Established Year1995
SB Code Activation Time35 Days
Payout Time35 Days

Modex Securities Sub BrokerModex Securities is a public company that presents full brokerage service to all its customers. It was established by Dharmendra Kumar Arora in the year 1995 and has its headquarters in New Delhi.

The Sub Broker Activation time required for Modex Securities Sub Broker is 35 days and their pay-out time is 35 days.


Become a Sub Broker with Modex Securities – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


Compare Sub Broker Franchise

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Modex Securities Sub Broker – Business Models

Find below table for details:

Master FranchiseNo
Sub BrokerYes
RemisierNo
Referral ProgramNo

 

Modex Securities Sub Brokership

In this model, the Modex Securities offers other various sub-brokers its franchise and the brokers are at the liberty to work under the company name. This model allows for a monopoly business wherein more than one particular sub-broker belonging to the same company can work at the same place with other sub-broker of the same company.


Modex Securities Sub Broker Commission / Revenue Sharing

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

Master FranchiseNA
Sub Broker55% – 80%
RemisierNA
Referral ProgramNA

Considered as one of the best broker franchise in Delhi, Modex Securities offers great and accurate Revenue Sharing opportunities.  The Revenue received by the sub-brokers working under Modex Securities is calculated on the basis of the following terms:

  • Sub Broker

As for the Sub broker business model, the sub-brokers are allowed starting from 55% of the leads and can range maximum up to 80% of the leads that they provide the company with and the converts.


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Modex Securities Franchise Cost / Security Deposit

Below Tables gives a good understanding of Modex Securities Securities Franchise Cost:

Master FranchiseNA
Sub BrokerRs.50,000 – Rs.100,000
RemisierNA
Referral ProgramNA

The Security broker cost that you need to reserve with Modex Securities in order to work with the company is discussed in details below:

For the Sub broker model, one needs to provide a minimum of Rs 50, 000 at the beginning of their partnership with Modex Securities. One can go as high as Rs 100,000.

It is very important to keep in mind that the higher the amount of security deposit with the company is, the higher is the rate of revenue which will be generated in the end.


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Modex Securities Partner Infrastructure Requirement

Check the table to know Modex Securities Partner Infrastructure Requirement:

Office AreaMinimum 100 Sq Ft
Employee StrengthNot Mandatory
Research ServicesYes
Internet ConnectionYes
Trading TerminalsYes
Telephone LinesNo

It is mandatory to have the below-mentioned infrastructure if you plan on becoming a broker under Modex Securities. These are pretty much the most basic rules that any company asks for before inviting brokers to work under them. Hence, the fulfilments of the following rules are compulsory and important:

  • You should be in possession of at least 100 sq. Feet office area that you are working in.
  • You may or may not have a minimum count of employees working for and under you.
  • It is mandatory to do Research services.
  • You should have an active and smooth running internet connectivity which is pretty basic.
  • You should have Trading Terminals.
  • It is not mandatory for your office area to have some telephone lines.

Modex Securities Sub Broker Offers

Find below various The Modex Securities Capital Share Sub Broker Offers:

Zero DepositNo
10k Initial DepositNo
Flexible Revenue SharingYes
Flat Revenue SharingNo
Zero Revenue Sharing with PrepaidNo

The offers provided by Modex Securities are considered one of the very basic and the best among its competitor. The people working in Modex Securities feel that it is very important to provide each and everyone with enough opportunities. Here are some of the offers allowed by the company:

  • The company allows you to have flexible revenue sharing.
  • It does not allow for Zero revenue sharing with prepaid.
  • However, it does not allow the sub-brokers the facility of zero deposits and flat revenue sharing.

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Modex Securities Franchise Support

Below table consist of various support provided by Modex Securities Authorised Person program:

Marketing SupportNo
Back-Office SupportYes
Trading SupportYes
Advisory SupportNo
Dealing TrainingYes
Acquisition TrainingNo
Product TrainingNo

Some of the support facilities provided to the sub-brokers by Modex Securities are:

  • Back-office support
  • Trading support
  • Dealing training
  • It does not provide facilities like advisory support, acquisition training and product training or marketing support.

Modex Securities Authorised Person – Brokerage Charges to Clients

The table gives proper information of Modex Securities Brokerage charges levied to its Franchise Clients:

Equity Delivery0.16%
Equity Intraday0.02%
Equity Futures0.02%
Equity OptionsRs.16 per Lot
Currency Futures0.02%
Currency OptionsRs.10 per Lot
CommodityNA

The brokerage Charges are given by Modex Securities to its sub-brokers are usually as per the normal market rates. They charge 0.16% to equity delivery, 0.02% to equity intraday, equity futures and currency futures. They offer Rs 16 per lot to equity options and Rs 10 per lot to currency options.


Modex Securities Partner – Account Opening Charges to Clients

The table gives proper information of Modex Securities Account opening charges levied to its Franchise Clients:

Demat AMCRs.160 per Annum
Trading AMCFree
Account Opening ChargesRs.160
Transaction Charges0.00316%
Margin MoneyMinimum Rs.15,000

The charges acquired by the clients working under Modex Securities are very reasonable and valid. They charge Rs 160 for Demat AMC and provide free Trading AMC. The account opening charge is Rs 160 and the transaction charges run up to 0.00316%, and the margin of minimum Rs. 15000.


Benefits of Modex Securities Partner Program

The Modex Securities Sub-brokers program is beneficial for the sub-brokers as –

Apart from great incentives for clients and fine revenue returns, there are a lot of reasons why you should consider working with Modex Securities, these include:

  • An opportunity to work with an experienced and renowned brand.
  • Quick online account opening process for the clients
  • Flexible Revenue sharing
  • Back-office support

Become a Sub Broker with Modex Securities – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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