Standard Chartered is a key player in the stock market with hundreds of Standard Chartered Sub Broker working under them across India.
Standard Chartered Securities has its base in Mumbai, Maharashtra and has been successfully serving its customer over 25 years now. Standard Chartered Securities is a public company that provides full brokerage services to its partners and customers.
Here, we will be analysing the features of Standard Chartered Securities Share Sub Broker Company. Our agenda is to go over all the details regarding the offers, benefits, brokerage charges and other programs covered by Standard Chartered Securities.
Standard Chartered Franchise – Customer Ratings
Find below table to know Customer Ratings of Standard Chartered Sub Broker:
|Revenue Sharing Model||2.4/5|
Being one of the oldest and the most reliable share broking company to exist in Mumbai, Standard Chartered Securities has been able to generate quite a few good numbers of positive customer impressions. The Customer Rating of Standard Chartered 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 Standard Chartered Franchise / Sub Broker
Details about Standard Chartered Franchise is given in the below table:
|Broker type||Full Service Broker|
|SB Code Activation Time||31 Days|
|Payout Time||3-4 Weeks|
Standard Chartered Securities is a public company that presents full brokerage service to all its customers. It was established by Nitin Kapadiya in the year 1994 and has its headquarters in Mumbai.
The Sub Broker Activation time required for Standard Chartered Securities Sub Broker is 31 days and their payout time is 3 to 4 weeks.
Become a Sub Broker with Standard Chartered – Just Fill up the form
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Standard Chartered Sub Broker – Business Models
Find below table for details:
Standard Chartered Sub Brokership
In this model, the Standard Chartered Securities let other sub-brokers to work under their firm after taking their franchise. 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.
Standard Chartered Remisier Model
In a way, the Remisier is like the Sub Broker business. Here the only difference is that the Remisier is the owner of a particular location and in that location, no one else other than the Remisier can work.
Standard Chartered Sub Broker Commission / Revenue Sharing
Find below table to know Standard Chartered Franchise Commission Models and Revenue Sharing Models:
|Sub Broker||50% – 75%|
Considered as one of the best broker franchise in Mumbai, Standard Chartered Securities offers great and accurate Revenue Sharing opportunities.
The commission received by the brokers of Standard Chartered Securities has its revenue-sharing charges about 25% depending on the amount of security deposit that they have kept with the company.
As for the Sub broker business model, the sub-brokers are allowed starting from 50% of the leads and can range maximum up to 75% depending on how many leads they can find and how many converts in it.
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Standard Chartered Franchise Cost / Security Deposit
Below Tables gives a good understanding of Standard Chartered Franchise Cost:
|Sub Broker||Rs.70,000 – Rs.250,000|
The Security deposit or Initial cost one has to made with the firm depends on the business model they choose. Here are the details:
- For the Remisier Business model, you will be required to procure an amount of Rs. 20,000. Here, it is very important to keep in mind that this initial business investment is just a seat blockade and the whole amount will be refunded to you once the partnership is over.
- For the Sub broker model, one needs to provide a minimum of Rs 70, 000 at the beginning of their partnership with Standard Chartered Securities. One can go as high as Rs 250,000. The rate of revenue will be higher for the ones who will be making a higher security deposit with the firm. One should remember this while making the deposit.
Here are Security Deposit info of other Stock Broking Franchise
Standard Chartered Partner Infrastructure Requirement
Check the table to know Standard Chartered Partner Infrastructure Requirement:
|Office Area||Minimum 100 Sq Ft|
|Employee Strength||Minimum 1|
It is mandatory to have the said infrastructure in case you want to become a sub-broker with the firm. They are not too big, just the essential ones but still important to be fulfilled to get the franchise:
- You should be in possession of at least 100 sq. ft. office area that you are working in.
- You should have at least 1 employee working for or under you.
- Research services are compulsory
- You should have an active and smooth running internet connectivity.
- You should have Trading Terminals.
- It is mandatory for your office area to have some telephone lines.
Standard Chartered Sub Broker Offers
Find below various The Standard Chartered Sub Broker Offers:
|10k Initial Deposit||No|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||No|
The offers provided by Standard Chartered Securities are considered one of the very basic and the best among its competitor. The people working in Standard Chartered 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 also allows for Zero revenue sharing with prepaid.
- However, it does not allow the sub-brokers the facility of zero deposits and flat revenue sharing.
Check out other companies Sub Broker Offers
Standard Chartered Franchise Support
Below table consist of various support provided by Standard Chartered Authorised Person program:
Some of the support facilities provided to the sub brokers by Standard Chartered Securities are:
- Marketing support
- Back-office support
- Trading support
- Dealing training
- Advisory training
- Product training
- It does not provide facilities like acquisition training.
Standard Chartered Authorised Person – Brokerage Charges to Clients
The table gives proper information of Standard Chartered Brokerage charges levied to its Franchise Clients:
|Equity Delivery||0.2% – 0.5%|
|Equity Intraday||0.02% – 0.05%|
|Equity Futures||0.02% – 0.05%|
|Equity Options||Rs.20 – Rs.50 per Lot|
|Currency Futures||0.02% – 0.05%|
|Currency Options||Rs.10 – Rs.25 per Lot|
|Commodity||0.02% – 0.05%|
The brokerage Charges given by Standard Chartered Securities to its sub-brokers are usually as per the normal market rates. They charge 0.20% – 0.50% to equity delivery, 0.02% – 0.05% to equity intraday, equity futures and currency futures. They offer Rs 20 to 50 per lot to equity options and Rs 10 to 25 per lot to currency options.
Standard Chartered Partner – Account Opening Charges to Clients
The table gives proper information of Standard Chartered Account opening charges levied to its Franchise Clients:
|Demat AMC||Rs.310 per Annum|
|Account Opening Charges||Rs.310|
|Margin Money||Minimum Rs.15,000|
The charges acquired by the clients working under Standard Chartered Securities are very reasonable and valid. They charge Rs 310 for Demat AMC and provide free Trading AMC. The account opening charge is Rs 310, the transaction charges run up to 0.00305% and the margin of minimum 15,000.
Benefits of Standard Chartered Partner Program
The Standard Chartered Sub-brokers program is beneficial for the sub-brokers as –
Apart from great incentives for clients and lucrative revenue returns, there are a lot of reasons why you should consider working with Standard Chartered Securities, these include:
- An opportunity to work with an experienced and renowned brand.
- Quick online account opening process for the clients
- Great and effective marketing support
- Client Acquisition support
- Flexible Revenue sharing
- Back-office support.
Become a Sub Broker with Standard Chartered – Just Fill up the form
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