SMC Global Franchise Vs IIFL 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 SMC Global is a reputed stockbroking house that has its presence in the industry for many years since 1990.
It provides a range of financial as well as investment products through its SMC Global franchise business which initiated in 1998.
It has a huge client base of over 1,08,000 (active clients: 1,06,129) along with more than 3000 employees which are spread across 500 cities in India as well as UAE.
SMC Global is a member of various stock exchanges of India such as BSE, MCX, MCX-SX, NSE, and NCDEX. The firm intends to maintain strong bonds with its sub-brokers to ensure a progressive business
On the other end, IIFL is known for its top trading mobile app in the form of IIFL Markets, quality fundamental research, huge offline presence.
Its branches are spread across a large number of cities in India that count to more than 900. There are over 4000 IIFL sub-brokers, franchise as well as the partner offices.
According to the latest records of NSE, the employee count of IIFL is in excess of 8000, which includes the relationship managers along with an active client base of 2,35,241.
Being a prominent full-service stockbroker in India, IIFL provides a number of features to its stakeholders such as different products for making an investment, platforms for trading, support for the partners or customers, etc. All these make it a trustworthy brand in the stockbroking industry.
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.
SMC Global Franchise Vs IIFL 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 SMC Global Franchise vs IIFL Sub Broker comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
 |  | |
| Overview | ||
| Company Type | Public | Private |
| Broker Type | Sub Broker | Full-Service |
| Founded In | 1990 | 1995 |
| CEO | S C Aggarwal | Karan Bhagat |
| Headquarters | Delhi, India | Mumbai |
| Sub Broker Activation Duration | 2-3 Weeks | 3-4 Business Days |
| Payout Frequency | 30-45 Days | 30 Days |
| Network Strength | 2500+ | 4500+ |
| Active Clients | 105168+ | 2.3 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.02% | 0.06% |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise |  | |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 30% to 60% | 50% to 75% |
| Franchise | NA | 50% to 75% |
| Master Franchise | NA | 60% to 85% |
| Remisier | NA | 10% to 20% |
| Referral Plan | NA | 10% |
| Entrepreneurial Partner | NA | 20% to 40% |
| Initial Costing | ||
| Sub Broker/Authorized Person | ₹2 Lakh to ₹5 Lakh | ₹50,000 to ₹200,000 |
| Franchise | NA | ₹50,000 to ₹200,000 |
| Master Franchise | NA | ₹200,000 to ₹400,000 |
| Remisier | NA | ₹0 |
| Referral Plan | NA | ₹0 |
| Financial centre | NA | ₹0 |
| 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 | ₹499 | ₹555 |
| Demat Account Maintenance | ₹0 | ₹300 |
| Trading Account Opening | ₹0 | ₹750 |
| Trading Account Maintenance | ₹300 | ₹0 |
| Trading Platform Charges | ₹0 | ₹0 |
| Brokerage | ||
| Equity Delivery | 0.3 % | 0.50% |
| Equity Intraday | 0.03 % | 0.05% |
| Equity Futures | 0.03 % | 0.05% |
| Equity Options | ₹70 Per Lot | 1% of Premium or ₹100/- per lot whichever is higher |
| Currency Futures | 0.03 % | 0.05% |
| Currency Options | ₹20 Per Lot | 1% of Premium or ₹100/- per lot whichever is higher |
| Commodity | 0.03 % | 0.05% |
| 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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