Goodwill Commodities franchise Vs ICICI Direct Sub BrokerĀ can be seen as one of the most sought out stockbroking partnership business comparisons in the industry.
At one end of the spectrum is a conventional and well-established Goodwill Commodities franchise. Goodwill Commodities franchise is a reputed stockbroker in the industry based in Chennai.
There are manyĀ sub-brokersĀ operating under it since its inception in theĀ year 2009. It has well established itself for the last 10 years and successfully catered to the requirements of the investors and well as traders.
Just like its name,Ā Goodwill CommoditiesĀ is an expert in trading commodities and making investments. The distribution network of this firm is considered to be the largest and provides a wide variety of products to the customers for trading.
There areĀ 27 locationsĀ in India where it is present. We have covered the essential aspects of the Goodwill Commodities franchise business in this article such as the initial security deposit, the return, offers, benefits, and drawbacks.
Going through this before taking an investment decision will help you determine if this is a suitable business model for your needs.
On the other end, ICICI Direct ā one of the top-notch full-service stockbrokers in India with over 1000 offices across different parts of the country and a prominent brand name.
ICICI DirectĀ is among those institutions that recognized the growing trend of the financial markets as well as the investment business. In the year 2003, its partnership offer in terms of ICICI DirectĀ sub-brokerĀ business began
In order to cater to the inclination of people, ICICI Direct decided to start retail channels through which the potential customers from the smaller cities can be acquired.
OverĀ 400 locationsĀ havingĀ 1200 franchise outletsĀ were served by ICICI Direct when it took off in its initial years. Currently, there are more thanĀ 1050 offices of ICICI Direct, found in both Tier-I and Tier-II cities.
This is suitable for someone who wants a regular passiveĀ sub-broker income besides practicing his own profession, which can be trading in the stock market or some other business also.
Goodwill Commodities franchise Vs ICICI Direct Sub Broker Basics
Letās have a deeper look into their respective business partnership propositions where we explore information on their:
[su_list icon=”icon: star” icon_color=”#bf6515″]
- Company Background
- Business Models
- Revenue Sharing
- Initial Costing
- Office Set-Up Requirements
- Broker Support
- Broker Offers
- Account-Related Charges
- Brokerage
- Overall Ratings[/su_list]
By the end of this Goodwill Commodities franchise Vs ICICI Direct Sub Broker comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
![]() | ![]() | |
Overview | ||
Company Type | Private | Public |
Broker Type | Sub Broker | Bank-Based Full service |
Founded In | 2008 | 2003 |
CEO | GANDHIMATHI BASKARAN | Vijay Chandok |
Headquarters | Chennai, Tamil Nadu | Mumbai |
Sub Broker Activation Duration | 30 Days | 7-10 Busineess Days |
Payout Frequency | 31 Days | 30 Days |
Network Strength | 27 | 2250+ |
Active Clients | 10,000+ | 8 Lakh+ |
Clients Complaint Percentage (Industry Average: 0.06%) | 0.05% | 0.01 % |
Business Models | ||
Sub Broker/Authorized Person | ![]() | ![]() |
Franchise | ![]() | ![]() |
Master Franchise | ![]() | ![]() |
Remisier | ![]() | ![]() |
Referral Plan | ![]() | ![]() |
Entrepreneurial Partner | ![]() | ![]() |
Revenue Sharing | ||
Sub Broker/Authorized Person | 50% ā 70% | 40 % to 70 % |
Franchise | NA | N/A |
Master Franchise | NA | N/A |
Remisier | 20% | 20 to 40 % |
Referral Plan | NA | 10 % |
Entrepreneurial Partner | NA | NA |
Initial Costing | ||
Sub Broker/Authorized Person | ā¹.50,000 ā ā¹.100,000 | ā¹1 to ā¹2 lakh |
Franchise | NA | NA |
Master Franchise | NA | NA |
Remisier | ā¹.1,000 | ā¹70,000 to ā¹1,00,000 |
Referral Plan | NA | ā¹0 |
Financial centre | NA | NA |
Office Set Up Requirements | ||
Office Area | ![]() | ![]() |
Employees | ![]() | ![]() |
Internet Connection | ![]() | ![]() |
Trading Terminals | ![]() | ![]() |
Call and Trade Facility | ![]() | ![]() |
Telephone Support | ![]() | ![]() |
Research and Tips | ![]() | ![]() |
Client Visit Facility | ![]() | ![]() |
Broker Support | ||
Marketing Collaterals & Campaigns | ![]() | ![]() |
Trading Assistance | ![]() | ![]() |
Research & Advisory | ![]() | ![]() |
Back Office Support | ![]() | ![]() |
Sales and Acquisition Training | ![]() | ![]() |
Trading Platforms Training | ![]() | ![]() |
Initiative Seminars/Webinars | ![]() | ![]() |
Broker Offers | ||
Zero Deposit Trading Account | ![]() | ![]() |
Free Demat Account | ![]() | ![]() |
Referral Bonus | ![]() | ![]() |
Brokerage Cashback | ![]() | ![]() |
Flexible Revenue Sharing | ![]() | ![]() |
No Cost Sub brokership | ![]() | ![]() |
Offsite Programs for Top Partners | ![]() | ![]() |
Account Related Charges | ||
Demat Account Opening | ā¹0 | ā¹0 |
Demat Account Maintenance | ā¹0 | ā¹0 |
Trading Account Opening | ā¹0 | ā¹0 |
Trading Account Maintenance | ā¹0 | ā¹700 |
Trading Platform Charges | ā¹0 | ā¹0 |
Brokerage | ||
Equity Delivery | 0.3% | 0.55% |
Equity Intraday | 0.01% | 0.275% |
Equity Futures | ā¹30 Per Lot | 0.03% to 0.05% |
Equity Options | ā¹50 Per Lot | ā¹35 to ā¹95 per lot |
Currency Futures | ā¹30 Per Lot | 0.03% to 0.05% |
Currency Options | ā¹50 Per Lot | ā¹10 to ā¹25 per lot |
Commodity | ā¹50 Per Lot | NA |
Broker Background | ![]() | ![]() |
Business Models | ![]() | ![]() |
Revenue Sharing | ![]() | ![]() |
Initial Costing | ![]() | ![]() |
Office Set Up Requirements | ![]() | ![]() |
Broker Support | ![]() | ![]() |
Broker Offers | ![]() | ![]() |
Account Costing | ![]() | ![]() |
Overall Partnership Rating | ![]() | ![]() |
If in case you need help in getting started with your stockbroking business or you want toĀ become a sub-brokerĀ with any of the prominent stockbrokers, let us assist you in taking the next steps forward:
Check More Comparisons:
If you need to see more comparisons just have a look here.