RK Global Sub broker Vs ICICI Direct Sub Broker 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 RK Global Sub broker is a famous stockbroking business of India which began in the year 1995.
RK Global was under Shri Ramesh Kumar Bhagchandka’s leadership, who is the son of Shri Lakhi Prasad Bhagchandka, that this stockbroking house began in New Delhi.
If we consider the past 2-3 decades, there has been a significant growth of this firm which has led to the opening of over 250 franchise outlets across the country.
Currently, the headquarters of RK Global Sub broker are in Mumbai, Maharashtra. It has over 90,000 customers in 150 Indian cities across the 24 states where its services are available for the people. It is well known for client satisfaction which has been possible by fulfilling their diverse requirements.
On the other end, ICICI Direct – 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 Direct 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 Direct sub-broker 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.
Over 400 locations having 1200 franchise outlets were served by ICICI Direct when it took off in its initial years. Currently, there are more than 1050 offices of ICICI Direct, found in both Tier-I and Tier-II cities.
This is suitable for someone who wants a regular passive sub-broker income besides practicing his own profession, which can be trading in the stock market or some other business also.
RK Global Sub broker Vs ICICI Direct Sub Broker Basics
Let’s 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 RK Global Sub broker Vs ICICI Direct Sub Broker comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
| Broker/Comparison Entity |  |  |
| Overview | ||
| Company Type | Private | Public |
| Broker Type | Discount Broker | Bank-Based Full service |
| Founded In | 1999 | 2003 |
| CEO | Sushil Kumar Dhancholia | Vijay Chandok |
| Headquarters | New Delhi, Delhi | Mumbai |
| Sub Broker Activation Duration | 31 Days | 7-10 Busineess Days |
| Payout Frequency | 25 Weeks | 30 Days |
| Network Strength | 250+ | 2250+ |
| Active Clients | 8290 | 8 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.2 % | 0.01 % |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise | |  |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 60% to 80% | 40 % to 70 % |
| Franchise | 40% to 60% | N/A |
| Master Franchise | NA | N/A |
| Remisier | NA | 20 to 40 % |
| Referral Plan | NA | 10 % |
| Entrepreneurial Partner | NA | NA |
| Initial Costing | ||
| Sub Broker/Authorized Person | ₹ 1,00,000 to 2,00,000 | ₹1 to ₹2 lakh |
| Franchise | ₹ 0 | NA |
| Master Franchise | NA | NA |
| Remisier | NA | ₹70,000 to ₹1,00,000 |
| Referral Plan | NA | ₹0 |
| 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 | ₹ 50 | ₹0 |
| Demat Account Maintenance | ₹ 250 | ₹0 |
| Trading Account Opening | ₹ 0 | ₹0 |
| Trading Account Maintenance | ₹0 | ₹700 |
| Trading Platform Charges | ₹0 | ₹0 |
| Brokerage | ||
| Equity Delivery | ₹ 9 per Executed Order | 0.55% |
| Equity Intraday | ₹ 9 per Executed Order | 0.275% |
| Equity Futures | ₹ 9 per Executed Order | 0.03% to 0.05% |
| Equity Options | ₹ 9 per Executed Order | ₹35 to ₹95 per lot |
| Currency Futures | ₹ 9 per Executed Order | 0.03% to 0.05% |
| Currency Options | ₹ 9 per Executed Order | ₹10 to ₹25 per lot |
| Commodity | ₹ 9 per Executed Order | NA |
| Overall Ratings | ||
| 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 to become a sub-broker 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.