SHCIL Franchise Vs RK Global 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 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 India’s 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, a well-established full-service stockbroker with 11,500+ branches across the country i.e. RK Global Sub broker
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.
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.
SHCIL Franchise Vs RK Global Sub broker 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 SHCIL Franchise Vs RK Global Sub broker comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
 |  | |
| Overview | ||
| Company Type | Private | Private |
| Broker Type | Full Service Broker | Discount Broker |
| Founded In | 1995 | 1999 |
| CEO | Sanjay Pundalik Pote | Sushil Kumar Dhancholia |
| Headquarters | Mumbai, Maharashtra | New Delhi, Delhi |
| Sub Broker Activation Duration | 30 Days | 31 Days |
| Payout Frequency | 35 Days | 25 Weeks |
| Network Strength | 200+ | 250+ |
| Active Clients | 18000+ | 8290 |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.05% | 0.2 % |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise |  | |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 60% – 80% | 60% to 80% |
| Franchise | NA | 40% to 60% |
| Master Franchise | NA | NA |
| Remisier | 20% | NA |
| Referral Plan | NA | NA |
| Entrepreneurial Partner | NA | NA |
| Initial Costing | ||
| Sub Broker/Authorized Person | Rs.50,000 – Rs.200,000 | ₹ 1,00,000 to 2,00,000 |
| Franchise | NA | ₹ 0 |
| Master Franchise | NA | NA |
| Remisier | Rs.20,000 | NA |
| Referral Plan | NA | NA |
| 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 | ₹0 | ₹ 50 |
| Demat Account Maintenance | ₹.229 per Annum | ₹ 250 |
| Trading Account Opening | ₹.399 | ₹ 0 |
| Trading Account Maintenance | ₹0 | ₹0 |
| Trading Platform Charges | 0.00269% | ₹0 |
| Brokerage | ||
| Equity Delivery | 0.1% – 0.2% | ₹ 9 per Executed Order |
| Equity Intraday | 0.01% – 0.02% | ₹ 9 per Executed Order |
| Equity Futures | 0.01% – 0.02% | ₹ 9 per Executed Order |
| Equity Options | Rs.10 – Rs.20 per Lot | ₹ 9 per Executed Order |
| Currency Futures | 0.01% – 0.02% | ₹ 9 per Executed Order |
| Currency Options | Rs.10 – Rs.20 per Lot | ₹ 9 per Executed Order |
| Commodity | NA | ₹ 9 per Executed Order |
| 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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