Elite Wealth Associates Vs Zerodha Franchise 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 Elite Wealth associate is one of the franchise business in India with a good reputation.
Ravinder Prakash Seth established it in the year 1990 and it has its headquarters located in New Delhi. Being a new player in the stockbroking industry, it is not very huge in size, which is really okay for a new business.
This stockbroker supports the growth of small entrepreneurs because it considers such business ventures would create a win-win situation for the firm as well as the sub-broker.
The best thing about this stockbroker is that the clients can get service customization to suit their requirements. Its customer-centric approach enables it to flourish in the business.
On the other end, Zerodha has rocketed its position in the Indian stock broking industry to the top spot within a decade of its establishment (all thanks to the introduction of discount broking of course).
It started in the year 2010 and has its headquarters in Bangalore. The company is known to provide its customers with a reasonable quality of trading products.
The clients and business partners of Zerodha can avail its trading services in a number of segments. On the basis of its active client base, it is at the top position among the Indian stockbrokers.
There are two franchise models which Zerodha offers its customers willing to begin a business with them. Depending on the requirement and capacity, the businessmen can choose one of these
The Authorised Person Program from Zerodha in the stockbroking sector has been in the market for the last 9 years and ensures its clients get the lowest brokerage charges.
It has created a significant impression in the Stockbroking industry so far.
Elite Wealth Associates Vs Zerodha Franchise Basics
Let’s 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 Elite Wealth Associates Vs Zerodha Franchise 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 | Private |
| Broker Type | Full Service Broker | Discount Broker |
| Founded In | 1990 | 2010 |
| CEO | Ravinder Prakash Seth | Nitin Kamath |
| Headquarters | New Delhi, Delhi | Bangalore |
| Sub Broker Activation Duration | 35 Days | 4-5 Business Days |
| Payout Frequency | 20 Days | 30 Days |
| Network Strength | 100+ | 500+ |
| Active Clients | 10 Lakh+ | 9 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.04% | 0.03% |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise | |  |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 50% to 80% | 20% to 50% |
| Franchise | NA | NA |
| Master Franchise | NA | NA |
| Remisier | 20% to 30% | NA |
| Referral Plan | NA | 10% |
| Entrepreneurial Partner | NA | NA |
| Initial Costing | ||
| Sub Broker/Authorized Person | Rs. 1 lac onwards | ₹1500 |
| Franchise | NA | NA |
| Master Franchise | NA | NA |
| Remisier | Rs. 15,000 to Rs. 30,000 | NA |
| Referral Plan | NA | ₹0 |
| Financial centre | Rs 500000 to 800000 | 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 | Rs.230 | ₹100 |
| Demat Account Maintenance | Rs.333 per Annum | ₹300 |
| Trading Account Opening | ₹0 | ₹200 |
| Trading Account Maintenance | ₹0 | ₹0 |
| Trading Platform Charges | ₹0 | ₹0 |
| Brokerage | ||
| Equity Delivery | 0.33% | ₹0 |
| Equity Intraday | 0.03% | 0.01% or ₹20 per trade whichever is lower |
| Equity Futures | 0.03% | 0.01% or ₹20 per trade whichever is lower |
| Equity Options | Rs.33 per Lot | 0.01% or ₹20 per trade whichever is lower |
| Currency Futures | 0.03% | 0.01% or ₹20 per trade whichever is lower |
| Currency Options | Rs.33 per Lot | 0.01% or ₹20 per trade whichever is lower |
| Commodity | 0.03% | 0.01% or ₹20 per trade whichever is lower |
| 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:
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