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Profitmart Securities Franchise is an upcoming entrant in the financial services industry. They were founded in 2011. They have been serving clients all over the country since then.
Recently, they joined the financial franchise industry. This is the main purpose of this article. We will try to explain all the services they offer their partners.
We will solicit all their support. We'll also take down any requirements from partners. We will then write a comprehensive review of Profitmart Securities Sub Broker Program, and their services. We will however, be focusing on their financial franchise distribution business.
| Profitmart Securities Sub Broker Highlight | |
| Top Business Model | Sub Broker |
| Minimum Initial Investment | Rs.25,000-Rs.100,000. |
| Revenue sharing | 60% - 80% |
| Payout Time | 14 days |
| Time to activate the SB Code | 31 days |
As mentioned, Profitmart Securities was founded in 2011. They were established within the Mumbai city jurisdiction, Maharashtra. Their initiation can be attributed to Rakesh Prakash Singhawane.
Rakesh was the one who made them so successful. They continue to function from their Mumbai-based headquarters. They have a strong network of business partners and they recently started to grow it.
The partners allow the franchiser the opportunity to reach more clients throughout the country. In return, the franchiser takes only 14 days to process due payments from the partners. It takes them 31 days to assign a sub-broker's code.
| Profitmart Security Business Partner Overview | |
| This is the overview for Profitmart Securities Franchise | |
| Which type of company is it? - Public/Private | Private |
| What type of broker is it? | Full Service Broker |
| Is the Headquarter in which location? | Mumbai, India |
| Who is the founder? | Rakesh Prakash Sonawane |
| What year was it established? | 2011 |
| How long does it take to activate the SB Code? | 31 days |
| What is the time it takes to get paid? | 14 days |
Profitmart Securities Franchise is a new business but they are very smart. They've been serving clients for 8 years and have a lot of knowledge about the industry. This knowledge helps them to plan the flow of business.
They have decided to retain complete business control. They only allow one model of business to their partners. Profitmart Securities sub-broker model is what we are referring to.
This business model caters to a specific type of customer. This allows partners to distribute the services on behalf of the franchisor. They can even grant clients special privileges.
These privileges may be extended support or added services. This allows the partners to keep most of their clients. This allows them to easily gain new clients. The business model does however have some limitations for the partners.
They must pay only the fees that the franchiser has set upon clients. They are also not allowed to have any regional business authority.
This allows multiple partners to be involved in the same area. This increases competition among the partners. The partners get a substantial commission for their work.
| Profitmart Securities Franchise Models | |
| Learn about different Business Models for Profitmart Securities | |
| Is there a Sub Broker model? | Yes |
| Are they able to refer people? | No |
| Are they able to offer Master Franchise Models? | No |
| Is this broker able to provide Remisier / Partner model? | No |
Profitmart Securities revenue sharing depends on many factors. The franchiser may have different categories for partners. These categories are determined based on the security deposit.
Even the agreements between franchiser and partners can have an impact on the categories. These categories also have an impact on the revenue share. The commission rate for partners is 60-80%.
| Profitmart Securities Sub-Broker Revenue Sharing | |
| Get the details of its Sub Broker Commission | |
| What revenue sharing is available for Sub Brokers? | 60% - 80% |
| Are they willing to pay Referral Program participants direct or share in the revenue? | NA |
| What is the estimated revenue sharing Master Franchise business? | NA |
| What is the required revenue sharing for Partner/Remisier models? | NA |
We have already spoken about how important the security deposit. It plays an important role in setting the overall commission rate. It also helps to determine the agreements between franchiser and partners.
It may be called the Profitmart Securities franchise fee. It must be paid by all partners, without exceptions.
The partners have many choices about how much they should pay. The total security deposit ranges from Rs.25,000 to Rs.1,00,000. The total security deposit ranges from Rs.25,000 to Rs.1,00,000.
| Profitmart Security Franchise Security Deposit | |
| Find out the Profitmart Securities franchise cost requirements for each business model | |
| What is the minimum security deposit for Sub Broker Program? | Rs.25,000-Rs.100,000. |
| Referral Program: Is there a security deposit? | NA |
| What is the minimum investment for Master Franchise Model? | NA |
| What deposit is required for Partner/Remisier Model? | NA |
Profitmart Securities franchises offer limited benefits for partners. These offers can have an immediate impact on your business flow.
These offers can actually be a boon to the business. They allow the partners to be more creative. They even allow them to make a little extra at their discretion. Here's a list of the offers:
| Profitmart Securities Sub-Broker Offers | |
| This is the list of Profitmart Securities franchise offers for clients | |
| Are they able to offer flexible revenue sharing? | Yes |
| Do they offer Flat Revenue Sharing? | No |
| Are they able to offer a zero revenue sharing model and prepaid payments? | No |
| Are they offering a Zero Deposit Scheme? | No |
| Do they offer a 10k Initial Deposit Scheme? | Yes |
Profitmart Securities offers many support programs for franchisees. These programs help partners develop their vital business development skills.
These tools even make it easier for partners to start their own businesses. These support programs are also provided at no cost to partners. These support programs are provided at no cost to the partners.
| Profitmart Securities Business Partners Support | |
| These are the Support Profitmart Securities Franchises that must provide support to their clients | |
| Are they able to offer Acquisition Training to their Associates? | Yes |
| Are they able to provide training for dealers of sub-brokers? | Yes |
| Do they offer Product Training to their business partners? | Yes |
| Are they able to provide back-office support for the authorised person? | Yes |
| Do they provide trading support to their business partners | Yes |
| Do they share Advisory Support? | No |
| Is marketing support provided by the broking house to sub-brokers? | No |
Each business partner must meet certain business requirements. These requirements are the foundation of the business. These requirements are essential for a business to be started with ease.
Profitmart Securities partners must meet the following requirements:
| Profitmart Securities Partner Infrastructure Requirement | |
| Learn the Infra to open a Profitmart Securities Franchise | |
| How strong are the employees required to open this franchise? | Minimum 3 |
| Is it necessary for the Sub Broker to provide trading terminals? | Yes |
| Do I need to sign up for a franchise through the Internet Connection? | Yes |
| Is it mandatory that business partners have telephone lines? | Yes |
| Is it compulsory to offer Research Services through Sub Brokers? | No |
| What size office area is required to become a sub-broker? | Minimum 300 Sq Ft |
Profitmart Securities franchise eligibility criteria includes several requirements from partners. This list is essential for all potential partners. It includes:
Profitmart Securities partners charges include:
| Profitmart Securities Sub-Broker - Brokerage Fees to Clients | |
| These are the brokerage fees charged by Profitmart Securities Sub Broker for their clients | |
| What are Equity Intraday Charges? | 0.010% |
| What are the Equity Delivery fees? | 0.3% |
| What is the charge for Equity Options? | Rs.25 per lot |
| What are the Currency Options fees? | Rs.25 per lot |
| What are Equity Futures fees? | 0.010% |
| What are the charges for Currency Futures? | 0.010% |
| What are the charges for commodity trading? | 0.010% |
Profitmart Securities franchise fees for all non-brokerage service must be levied as follows:
| Profitmart Securities Franchise: Account Opening Charges for Clients | |
| These are the account opening fees charged by Profitmart Securities Franchise for their clients | |
| What are the account opening charges? | Zero |
| What is the Margin Money? | Minimum 10,000 |
| What is the Demat AMC charge? | Rs. 999 for a one-time fee |
| How much do Trading AMC fees cost? | No cost |
| What are the Transaction Charges? | 0.00325% of Total Revenue |
Profitmart Securities franchise ratings can be viewed on a scale from 1-5.
| Profitmart Security Franchise Customer Ratings | |
| Client Ratings and Reviews for Profitmart Securities against multiple parameters | |
| Based on the Revenue Sharing Model of Franchisor | 3.1 / 5. |
| Ratings based on the security deposit provided by the company | 3.2 / 5. |
| Based on Experience in the Sub-Broker Business | 3.2 / 5. |
| According to the Broking Franchise Offers | 3.1 / 5. |
| Ratings for Mobile Trading Apps & Trading Platforms | 3.2 / 5. |
| Sub-Broker Franchise Ratings | 3.1/ 5 |
| Star Ratings |
Profitmart Securities Franchise is a trusted source of services and efforts. Their overall rating of 3.1/5 is a strong indicator of this belief.
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