Become a Sub Broker Franchise - GillBroking

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Why Counting Of Sub Broker Franchise Increasing
Day By Day In Online Commodity Market? Here is
the Procedure of Stock Broking Franchise in India
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• What is Stock Broking Franchise?
• Any Stock Broker or Sub-Broker Franchise is a
  concept where any SEBI registered Stock Broker
  can provide its franchise to any company or
  person willing to follow all SEBI rules and
  regulations and have a good network of investors
  to act as a broker on ran and franchiser. The
  Products, Services, Offers etc. served by the
  franchise are the same as offered by the trader.
  Not only this, the sub broker Franchise can also
  give extra benefit to their clients that are not
  offered by the Franchiser. This business works as
  a brokerage sharing model where the Franchise
  retains the largest share and the franchise
  divides low.
• Benefits of becoming a share market sub broker
  franchise or stock broker partner
• Exclusive rights for Business Partners.
• 100 Revenue Sharing.
• High Exposure for smooth trading.
• 247 Friendly Back office support.
• Call and Trade facility.
• Dedicated Relationship Manager to serve all
  financial needs.
• Recruitment support provided to hire the best
  talent In Industry training provided by
  experts.
• Same day account open start trading.
• Best Marketing Support.
• First time in industry share client leads with
  HNI Franchisee allows them to deal.
• Any query resolved within 24 hours.
• How to Become a Sub Broker Franchise?

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So becoming sub broker franchise, understanding
and experience of the stock market is two
essential aspects. The other necessary and one
of the critical aspects is to register with stock
exchanges. The reason that this is referred to
as one of the critical aspects is that, without
having this registration, a primary broker
cannot appoint a person as a sub broker and
therefore becomes a prerequisite for becoming a
sub broker. Although the crucial aspects have
been discussed above, some other relevant aspects
are the educational qualification, age, decent
market commitment, good qualifications, etc. The
reason for this is that the main broker would
not like someone to represent his company name.
Also, a person with a good account is more
likely to have a reliable network and therefore
grow business quickly. Registration Process to
Start Sub Broker Franchise After analyzing the
shared information, we will contact the potential
sub broker franchise to confirm the interest and
details provided. We will also contact the
candidate's preferred broker and understand
their interest and pass on the candidate's
details. After that, the candidate and the main
broker take the process forward. Before moving on
to the next stage, the main broker carries out a
detailed background check of the potential
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candidate to confirm that there are no adverse
consequences of making this person a
representative of the broking house. Typically,
a representative of the main broker determines an
appointment with the candidate to understand his
/ her interest and expectations of this
initiative. During this meeting, the main broker
also conveys / explains the expectations the
broking house has from the sub broker. During
this meeting, other aspects such as the product
that the sub broker is interested in, the
initial investments, the required infrastructure,
the security deposit, are about, revenue
expectations, sales targets, revenue sharing
ratio, cash edge, credit period, break-even
period etc. This is the most essential step of
the procedure as the main elements of the
business are agreed at this stage. This step may
have a few rounds of meetings as it also involves
many discussions. The potential candidate can
complete a short form available here which
requires the applicant to provide a name,
number, e-mail and area of interest. This would
help us to connect the potential candidate with
the best top broker.
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• Documents required to setup Sub Broker Business
• After agreeing to the terms, the sub broker
  franchise is required to submit various necessary
  documents (listed below) to the main broker. The
  chief broker's representative verifies these
  documents and stores copies of the same for their
  own records.
• The documents that one requires would typically
  include the following
• Identity proof
• Address proof
• Proof of date of birth
• Academic qualification certificates 10th, 12th,
  graduation and post-graduation (if any) degrees.
• Registration certificate from stock exchanges
• Passing certificates of any stock market related
  exams
• PAN
• Aadhar card
• Eligibility Criteria to Become a Sub Broker
  Franchise
• Typically, the broker houses expect the sub
  brokers franchise to have a decent workplace and
  office where one can get the reasonable number of
  workstations and also have appropriate seating
  arrangements for its staff and customers. The
  sub-broker can own, rent or lease this
  infrastructure space.
• Apart from this, the sub brokers franchise is
  expected to keep the main broker's security
  deposit. This deposit needs the main broker as a
  cover against the default that the sub-broker or
  its customers could go. Also, this deposit is
  generally reimbursed and is returned to the sub
  broker to terminate the business agreement.