Wealth Discovery Securities Sub Broker / Franchise / Authorised Person / Partner Review

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

Top Business ModelSub Broker
Revenue Sharing60% – 85%
Security DepositRs.50,000 – Rs.200,000
Become Sub Broker in3-5 Weeks
Receive Payout in33 Days
FounderRahul Agarwal
Established Year2010

A detailed analysis of the company is what you will find in this article. This article will capture the intricate details of the company starting from the customer’s reviews and the ratings about the company and the Wealth Discovery sub-brokers.

Then this article will enlighten you about the company structure, models, revenue sharing aspects and many such details which is essential for the sub-brokers to know before they invest with the company and join hands.

The next segment will speak about the brokerage plans, account opening and other similar charges which are essential details for the investors. So, this article will eventually help both the customers and the investors to know about the company in details.

Wealth Discovery

Wealth Discovery Securities Sub Broker – Customer Ratings

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

Trading Platforms2.3/5
Revenue Sharing Model2.5/5
Security Deposit2.4/5
Market Share2.1/5
Overall Ratings2.3/5
Star Ratings★★★☆☆

The Wealth Discovery customer ratings indicate a lot of things about the company. Starting from the customer experiences which is rated at 2.3 indicates that the customers expect a little more good gesture from the company or more friendly and caring and dedicated attitude while dealing with the clients.

The services of the company that they provide are well applauded but there is still a chance of betterment as the 2.4 rating suggests. The products are developed well and they make the customers happy and satisfied as depicted from the 2.5 rating. Similarly, the trading platforms need to be upgraded a bit to increase the 2.3 rating.

The support provided by the company has been rated at 2.4 and the security deposit as well which indicates that both makes the customers and sub-brokers happy and they are fine with both. The revenue-sharing model must be really good to fetch a 2.5 rating from the sub-brokers as well as the 2.4 rating of the offers suggest so.

The overall rating of the company is 2.3 and there is still chances of improvement on many grounds.

About Wealth Discovery Franchise

Details about Wealth Discovery Securities Franchise is given in the below table:

Company TypePrivate
Broker typeFull Service Broker
HeadquartersNew Delhi, Delhi
FounderRahul Agarwal
Established Year2010
SB Code Activation Time3-5 Weeks
Payout Time33 Days

Wealth Discovery Securities Sub BrokerWealth Discovery was established in the year 2010 and it is not that old in the business but has been successfully running for the past 9 years. This is a private enterprise and it is serving as a full-service broker.

The company has it’s headquartered in the capital city of India, that is Delhi or to be specific New Delhi. The firm was founded by Rahul Agarwal and it has been giving out opportunities to the sub-brokers to join the business and grow together.

So, if you are interested in joining Wealth Discovery, then you have to wait for 3-5 weeks after you apply as that is the time required for code activation of the sub-brokers. The payout time is around 33 days which is at par with the peers in the market.

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    Wealth Discovery Securities Sub Broker – Business Models

    Find below table for details:

    Master FranchiseNo
    Sub BrokerYes
    Referral ProgramNo

    Wealth Discovery Securities Sub Brokership

    The model is pretty simple where there are various sub-brokers working under the name of Wealth Discovery and each of them individually acquire clients and sell products and company’s services to the customers. Once the revenue is generated they get a part of it.

    For being a sub-broker in the company, you need to deposit a certain amount which is known as the security deposit. The competition in this business model is huge as there are multiple numbers of sub-brokers working under the same company can work in the same location which makes the acquisition of clients very competitive.

    Wealth Discovery Securities Franchise Commission Models / Revenue Sharing Models

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

    Master FranchiseNA
    Sub Broker60% – 85%
    Referral ProgramNA

    The revenue Wealth Discovery shares with its sub-brokers vary between the ranges of 60% to 85%. The particular percentage for a sub-broker is fixed according to the amount of deposit he keeps with the company.

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    Wealth Discovery Securities Franchise Cost / Security Deposit

    Given table gives a good understanding of Wealth Discovery Securities Franchise Cost:

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

    The company asks for a minimum of Rs. 50,000 as the deposit and the amount can go up to Rs. 2,00,000. This amount will decide the revenue share of the sub-broker as mentioned above as well. However, any amount over and above the minimum deposit whether to be paid or not is at the complete discretion of the sub-broker.

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    Wealth Discovery Partner Infrastructure Requirement

    Check the table to know Wealth Discovery Securities Partner Infrastructure Requirement:

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

    The infrastructure requirement of Wealth Discovery is very nominal and for being a sub-broker you would only require –

    • An office which must have at least 100 square feet of area
    • One employee in the office working full time

    Wealth Discovery Securities Sub Broker Offers

    Find below various The Wealth Discovery Securities Sub Broker Offers:

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

    The offers Wealth Discovery provide are –

    • One can start as a partner or the sub-broker of Wealth Discovery with only Rs, 10000 as an initial deposit
    • The business can be also started with no deposit and adjusted afterward
    • The company is easy in sharing revenue and is quite flexible
    • There is high earning potential in the business because the company shares the maximum percentage of the revenue with the sub-brokers

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    Wealth Discovery Securities Franchise Support

    Given table consist of various support provided by Wealth Discovery Securities Authorised Person program:

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

    The Wealth Discovery support system is stronger than its peers in the market and that makes this company quite attractive for the sub-brokers. Starting from back-office support to trading, advisory support everything is provided by the company to the sub-brokers.

    The company not only provides support to the partners but also trains them in dealing with the prospective clients and customers in the right manner so that the business can be expanded. They are also trained about the products of the company so that they can pitch the products well in front of the customers.

    Wealth Discovery Securities Franchise – Brokerage Charges to Clients

    The table gives proper information of Wealth Discovery 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

    Wealth Discovery brokerage charges are 0.16% for the equity delivery segment while for the equity intraday, futures, currency futures it is only 0.02%. For the options in the equity segment, the charge is a flat Rs. 16 per lot and similarly for currency options it is Rs. 10 per lot.

    Wealth Discovery Securities Sub Broker – Account Opening Charges to Clients

    The table gives proper information of Wealth Discovery 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.5,000

    The account opening charges of Wealth Discovery is Rs. 160 and another Rs. 160 per Annum you have to pay towards the maintenance of the Demat account. The trading account comes free of cost and there are no maintenance charges on it as well. The transactional cost is 0.00316% and the minimum margin requirement is Rs. 5000. The margin also depends on the asset class you are dealing in and the volume.

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