Stewart & Mackertich Sub Broker / Franchise / Authorised Person / Partner Review

Stewart & Mackertich is a key player in the stock market with hundreds of Stewart & Mackertich Sub Broker working under them across India.

Top Business ModelSub Broker
Revenue Sharing60% – 80%
Security DepositRs.50,000 – Rs.200,000
Become Sub Broker in35 Days
Receive Payout in35 Days
FounderSantosh Dadeech
Established Year1993

Stewart & Mackertich WMS has its base in Kolkata, West Bengal and has been successfully serving its customer over 26 years now. Stewart & Mackertich WMS is a public company that provides full brokerage services to its partners and customers.

Let’s analyse the offers, benefits, brokerage charges and other programmes covered by Stewart & Mackertich WMS.

Stewart & Mackertich WMS

Stewart & Mackertich Franchise – Customer Ratings

Find below table to know Customer Ratings of Stewart & Mackertich Sub Broker:

Trading Platforms2.3/5
Revenue Sharing Model2.3/5
Security Deposit2.5/5
Market Share2.3/5
Overall Ratings2.3/5
Star Ratings★★★☆☆

It is one of the oldest and most renowned share broking company’s in Kolkata. Stewart & Mackertich WMS has made a big impression on its customers. The Customer Rating of Stewart & Mackertich WMS Share Sub Broker is way better and others.

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. After considering the pointers, we found that that the average rating for the company is around 3 out of 5 which proves its excellence.

Overview of Stewart & Mackertich Franchise / Sub Broker

Details about Stewart & Mackertich Franchise is given in the below table:

Company TypePrivate
Broker typeFull Service Broker
HeadquartersKolkata, West Bengal
FounderSantosh Dadeech
Established Year1993
SB Code Activation Time35 Days
Payout Time35 Days

Stewart & Mackertich Sub BrokerStewart & Mackertich WMS is a public company that presents full brokerage service to all its customers. It was established by Santosh Dadeech in the year 1993 and has its headquarters in  Kolkata.

The Sub Broker Activation time required for Stewart & Mackertich WMS Sub Broker is 35 days and their payout time is 35 days.

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Stewart & Mackertich Sub Broker – Business Models

Find below table for details:

Master FranchiseNo
Sub BrokerYes
Referral ProgramYes


Stewart & Mackertich Sub Brokership

In this model, the Stewart & Mackertich WMS let other sub-brokers work for them by providing them the franchise of the company. It allows multiple brokers to work for the same company.

Stewart & Mackertich Sub Broker Commission / Revenue Sharing

Find given table to know Stewart & Mackertich Franchise Commission Models and Revenue Sharing Models:

Master FranchiseNA
Sub Broker60% – 80%
Referral Program10%

Since it is a well-known broking firm in Kolkata, Stewart & Mackertich WMS offers amazing and lucrative Revenue Sharing opportunities to its partners.

The commission received by the brokers of Stewart & Mackertich WMS have their revenue sharing charges about 10% 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 60% 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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Stewart & Mackertich Franchise Cost / Security Deposit

Below Tables gives a good understanding of Stewart & Mackertich Franchise Cost:

Master FranchiseNA
Sub BrokerRs.50,000 – Rs.200,000
Referral ProgramZero

The Security deposit required by the firm for its franchise depends on the program you choose, here have a look:

For the Referral Program Business model, you will be required to procure no amount.

For the Sub broker model, one needs to provide a minimum of Rs 50,000 at the beginning of their partnership with Stewart & Mackertich WMS. One can go as high as Rs 200,000. Higher deposit will give you higher revenues.

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Stewart & Mackertich Partner Infrastructure Requirement

Check the table to know Stewart & Mackertich Partner Infrastructure Requirement:

Office AreaMinimum 100 Sq Ft
Employee StrengthMinimum 1
Research ServicesNo
Internet ConnectionNo
Trading TerminalsYes
Telephone LinesNo

Below requirements should be met to get a franchise license from the firm. These are some basic ones.

  • You should be in possession of at least 100 sq. Feet office area that you are working in.
  • You should have at least 1 employees working for and under you.
  • It is not mandatory to do Research services.
  • You may or may not 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.

Stewart & Mackertich Sub Broker Offers

Find below various The Stewart & Mackertich Sub Broker Offers:

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

The offers provided by Stewart & Mackertich WMS are considered simple yet the best among its competitor. The people working in Stewart & Mackertich WMS 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.

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Stewart & Mackertich Franchise Support

Below table consist of various support provided by Stewart & Mackertich Authorised Person program:

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

Some of the support facilities provided to the sub-brokers by Stewart & Mackertich WMS are:

  • Back-office support
  • Dealing training
  • Acquisition training.

Stewart & Mackertich Authorised Person – Brokerage Charges to Clients

The table gives proper information of Stewart & Mackertich Brokerage charges levied to its Franchise Clients:

Equity Delivery0.36%
Equity Intraday0.04%
Equity Futures0.04%
Equity OptionsRs.36 per Lot
Currency Futures0.04%
Currency OptionsRs.36 per Lot

The brokerage Charges given by Stewart & Mackertich WMS to its sub-brokers are usually as per the normal market rates. They charge 0.36% to equity delivery, 0.04% to equity intraday, equity futures and currency futures. They offer Rs 36 per lot to equity options and Rs 36 per lot to currency options.

Stewart & Mackertich Partner – Account Opening Charges to Clients

The table gives proper information of Stewart & Mackertich Account opening charges levied to its Franchise Clients:

Demat AMCRs.250 per Annum
Trading AMCFree
Account Opening ChargesRs.250
Transaction Charges0.00299%
Margin MoneyMinimum Rs.5,100

The charges acquired by the clients working under Stewart & Mackertich WMS are very reasonable and valid. They charge Rs 250 for Demat AMC and provide free Trading AMC. The account opening charge is Rs 250 and the transaction charges run up to 0.00299%; and the margin of minimum 5,100.

Benefits of Stewart & Mackertich Partner Program

The Stewart & Mackertich Sub-brokers program is beneficial for the sub-brokers as –

One can make lucrative incentives by working with the firm. Along with that some other benefits you get by working with Stewart & Mackertich WMS includes:

  • Advantage of working with a renowned firm.
  • Quick online account opening process for the clients
  • Client Acquisition support
  • Flexible Revenue sharing
  • Back-office support.

Become a Sub Broker with Stewart & Mackertich – Just Fill up the form

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