Unlock Wealth is a key player in the stock market with hundreds of Unlock Wealth Sub Broker working under them across India.
Unlock Wealth Securities is well known amongst the investors and the sub-brokers who are working in the share market and if you are looking to join as Unlock Wealth Securities sub-brokers or start investing in the market with this firm, here is an article for you which have all the required details.
This article will guide you about the Unlock Wealth Securities franchises as well and you will find details about the requirements of deposit amount, infrastructure and other for joining as a partner organization with Unlock Wealth Securities.
This is an article where you can find the minute details about the brokerage plans, account opening, and other similar charges, margin requirement etc. So, all the information you require about the company is in this one article that you are going to read.
Unlock Wealth Franchise – Customer Ratings
Find below table to know Customer Ratings of Unlock Wealth Sub Broker:
|Revenue Sharing Model||2.5/5|
Starting with the customer ratings of Unlock Wealth Securities, the company supposedly maintain a very good relationship with the clients and the customers as its 2.4 rating suggests.
The services and the products of the company are also up to the mark as per the customer rating of 2.4 and 2.3 respectively. However, there is scope for improvement all the time. The trading platforms need improvement which can be predicted from the 2.2 rating.
The support provided by the company has got a rating of 2.4 which seems a fair rating. The partners of the company must be very happy with the company’s revenue-sharing structure as it got a rating of 2.5.
They also seem happy with the offers they get from the company. The overall rating of the company is 2.4 which depicts that the company is reliable and liked by the customers and the partners.
Overview of Unlock Wealth Franchise / Sub Broker
Details about Unlock Wealth Franchise is given in the below table:
|Broker type||Full Service Broker|
|SB Code Activation Time||28 Days|
|Payout Time||30 Days|
It is a public limited company which was established back in the year 2000by Alok Tulsyan. The company was registered as a full-service broker that serves all kind of investors in the share market. The broker has a trail of sub-brokers and franchises working under it. The headquarter of the company is at Kanpur, UP. For being a sub-broker of Unlock Wealth Securities, the sub-broker code activation time is 28 days. And the company takes around 30 days to pay the sub-brokers that is the payout time.
Become a Sub Broker with Unlock Wealth – Just Fill up the form
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Unlock Wealth Sub Broker – Business Models
Find below table for details:
Unlock Wealth provide sub-brokership to individuals and entities who want to work along with them. The Unlock Wealth Sub Brokers business model is described below –
Unlock Wealth Sub Broker / Authorised Person Model
Under this model, the sub-brokers work with the name of Unlock Wealth Securities and acquire clients and customers. If they can sell products and services to those customers then revenue is generated. A portion of the revenue generated by the sub-broker is shared with him. The sub-brokers need to keep a deposit for becoming the partners of the organization.
Unlock Wealth Master Franchise
This is exactly how the sub-brokers work that is getting clients and selling products and services. The main point of distinguishing between the two is that the sub-brokers can be any in number in one particular locality but a franchise can be only one in a particular locality.
Unlock Wealth Sub Broker Commission / Revenue Sharing
Find below table to know Unlock Wealth Franchise Commission Models and Revenue Sharing Models:
|Master Franchise||75% – 85%|
|Sub Broker||50% – 70%|
For the sub-brokers, the revenue they get is within the range of 50% to 70%. This range is dependent on the amount of security deposit they keep with Unlock Wealth Securities. The company according to the amount of the deposit of the sub-broker provide the percentage of the revenue.
Similarly, in the case of the franchise, the percentage of revenue is dependent on the amount of franchise cost they have invested with the company. The range of revenue in case of the franchises is 75% to 85%.
It is evident that if the sub-broker or the franchise keep the minimum deposit or invest the minimum amount of franchise cost then they get the minimum percentage of the revenue. The more they invest, the more revenue they get.
Check Revenue Sharing Models of other Stock Broking Franchise
Unlock Wealth Franchise Cost / Security Deposit
Below Tables gives a good understanding of Unlock Wealth Franchise Cost:
|Master Franchise||Rs.200,000 – Rs.400,000|
|Sub Broker||Rs.50,000 – Rs.100,000|
The security deposit of Unlock Wealth Securities which is charges form the sub-brokers is within the range of Rs. 50000 to Rs. 100000.
The franchise cost of Unlock Wealth Securities begin with Rs. 2 lakhs and can go up to Rs. 4 lakhs.
The amount the partners want to invest completely depends on them and there is no pressure on them to invest more than the minimum if they do not want to.
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Unlock Wealth Partner Infrastructure Requirement
Check the table to know Unlock Wealth Partner Infrastructure Requirement:
|Office Area||Minimum 200 Sq Ft|
|Employee Strength||Minimum 2|
The infrastructure requirement of the company is –
- The office of the partner organization must be having at least 200 square feet of area in it.
- The number of employees working in it must be equal to or more than two.
- The research facilities must be present in the office for providing better advises to the customers.
- The office must be equipped with the internet connection
- There must be the trading terminals in the office which are upgraded and advanced for quick and smooth transactions
Unlock Wealth Sub Broker Offers
Find below various The Unlock Wealth Sub Broker Offers:
|10k Initial Deposit||Yes|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||No|
The offers Unlock Wealth Securities give to its partners are –
- They can start by depositing only 10 thousand and afterward, the remaining deposit can be given
- The revenue shared with the partners can be according to their need so it is flexible
- The amount of investment required for starting the business is quite low
- There is high earning potential in both the business model if you put the hard work in place
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|Sykes & Ray Sub Broker||Geojit Finance Sub Broker||Zerodha Sub Broker|
Unlock Wealth Franchise Support
Below table consist of various support provided by Unlock Wealth Authorised Person program:
The support provided by the Unlock Wealth Securities are –
- Back-office support to help the partners if they find anything difficult in the day to day official work
- They also provide advisory support when needed by the partners to advise the better for the customers and the clients
- The company provides different training to the partner’s organization as in dealing with training, acquisition training, product training. These enhance the skills of the partners and help them in acquiring better clients and customers and grow business faster.
Unlock Wealth Authorised Person – Brokerage Charges to Clients
The table gives proper information of Unlock Wealth Brokerage charges levied to its Franchise Clients:
|Equity Options||Rs.29 per Lot|
|Currency Options||Rs.19 per Lot|
The brokerage charges of Unlock Wealth Securities is 0.29% for the equity delivery segment. For the other segments comprised of futures, equity intraday the rate is 0.03%. For the options it is Rs. 29 for the equity options and Rs. 19 for the currency options on per lot basis.
Unlock Wealth Partner – Account Opening Charges to Clients
The table gives proper information of Unlock Wealth Account opening charges levied to its Franchise Clients:
|Demat AMC||Rs.290 per Annum|
|Account Opening Charges||Zero|
|Margin Money||Zero Margin|
Unlock Wealth Securities account opening charges are nil and the only charge or fee you have to pay is the Demat maintenance fee every year that is Rs. 290. The company has no margin requirement as well. The transaction charges are applicable at 0.00290% on every transaction.
Benefits of Unlock Wealth Partner Program
The Unlock Wealth Sub-brokers program is beneficial for the sub-brokers as –
- No Margin money requirement
- Low brokerage and other charges
- High earning potential
- Low investment requirement and eligibility requirements are simple
Become a Sub Broker with Unlock Wealth – Just Fill up the form
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