SHCIL Franchise Vs TradePlus Online 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 conventional and well-established SHCIL Franchise, founded by Sanjay Pote, which is one of the top players in the stockbroking industry in India through its huge offline presence in the form of sub-brokers.
It is Stock Holding Corporation of Indiaās wholly-owned subsidiary that became a public limited company in the year 1986.
This full-service stockbroker with its corporate office in Mumbai has a strong presence in the market for over the past 30 years. Its offline presence is spread throughout the country.
If you want to partner with this firm, you should be well aware of its different aspects such as its business models, initial investments, revenue sharing, benefits, drawbacks, and offers.
You should understand the business models of a stockbroking firm before making an investment. So, in this article, we have covered different aspects of SHCIL franchise such as its initial investment, the revenue sharing, offers, benefits as well as drawbacks, so that you can take a right decision
On the other end, TradePlus Online sub-broker is one of the well-known franchise businesses of India that comes from a discount broking background.
ThisĀ sub-brokerĀ model belongs toĀ TradePlus OnlineĀ which began in the year 1983 with a different business model back then.
It is a combination of two companies named Navia Markets Ltd & Navia Commodities Broker Pvt Ltd. It has been steadily progressing in the financial service sector since theĀ year 1995Ā when its stockbroking business started.
With both the stockbrokers opening upĀ sub-brokersĀ and other partnership models for potentially interested parties, itās interesting to understand which of these two has a better deal to offer.
TradePlus online provides only aĀ single business model to its potential clients, which is known as the TradePlus Online referral model.
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.
SHCIL Franchise Vs TradePlus Online Sub Broker Basics
Letās have a deeper look into their respective business partnership propositions where we explore information on their:
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- 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 SHCIL Franchise Vs TradePlus Online Sub Broker, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
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Overview | ||
Company Type | Private | Private |
Broker Type | Full Service Broker | Full-Service |
Founded In | 1995 | 1995 |
CEO | Sanjay Pundalik Pote | Karan Bhagat |
Headquarters | Mumbai, Maharashtra | Mumbai |
Sub Broker Activation Duration | 30 Days | 3-4 Business Days |
Payout Frequency | 35 Days | 30 Days |
Network Strength | 200+ | 4500+ |
Active Clients | 18000+ | 2.3 Lakh+ |
Clients Complaint Percentage (Industry Average: 0.06%) | 0.05% | 0.06% |
Business Models | ||
Sub Broker/Authorized Person | ![]() | ![]() |
Franchise | ![]() | ![]() |
Master Franchise | ![]() | ![]() |
Remisier | ![]() | ![]() |
Referral Plan | ![]() | ![]() |
Entrepreneurial Partner | ![]() | ![]() |
Revenue Sharing | ||
Sub Broker/Authorized Person | 60% ā 80% | N/A |
Franchise | NA | N/A |
Master Franchise | NA | N/A |
Remisier | 20% | N/A |
Referral Plan | NA | 50 to 100 % |
Entrepreneurial Partner | NA | 20% to 40% |
Initial Costing | ||
Sub Broker/Authorized Person | Rs.50,000 ā Rs.200,000 | N/A |
Franchise | NA | N/A |
Master Franchise | NA | N/A |
Remisier | Rs.20,000 | N/A |
Referral Plan | NA | ā¹0 |
Financial centre | NA | ā¹0 |
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 | ā¹.229 per Annum | ā¹500 |
Trading Account Opening | ā¹.399 | ā¹199 |
Trading Account Maintenance | ā¹0 | ā¹0 |
Trading Platform Charges | 0.00269% | ā¹0 |
Brokerage | ||
Equity Delivery | 0.1% ā 0.2% | 0.1% |
Equity Intraday | 0.01% ā 0.02% | 0.01% |
Equity Futures | 0.01% ā 0.02% | 0.01% |
Equity Options | Rs.10 ā Rs.20 per Lot | ā¹99 per Month |
Currency Futures | 0.01% ā 0.02% | ā¹99 per Month |
Currency Options | Rs.10 ā Rs.20 per Lot | ā¹99 per lot |
Commodity | NA | ā¹99 per lot |
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 toĀ become a sub-brokerĀ with any of the prominent stockbrokers, let us assist you in taking the next steps forward:
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