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SMC Global Franchise prefers a sub-broker business model. SMC Global Sub Broker has some significant features. First, the initial investment must be between Rs50,000 and Rs1,00,000.
The profit-sharing ratio is typically between 65% and 75%. If you compare them to their competitors, the pay-out time can be between 30-45 days. They usually take 2-3 weeks to activate the SB codes.
| SMC Global Sub Broker Highlight | |
| Top Business Model | Sub Broker |
| Minimum Initial Investment | Rs.50,000-Rs.100,000. |
| Revenue sharing | 65%-75% |
| Payout Time | 30-45 days |
| Time to activate the SB Code | 2-3 Weeks |
You should first learn about SMC Global Sub Broker if you are interested in SMC Global Sub Broker becoming your business partner.
SMC Global Franchise was established in 1994 as a private limited company. S C Aggarwal, the founder of SMC Global Franchise, had a clear vision about what he wanted.
SMC Global, a full-service broker, has been in business for 25 years. Its headquarters are located in Delhi, the capital of India.
They typically take between 30-45 and 2 weeks to activate, while the average activation period for the SB codes is between 2 and 3 weeks.
| SMC Global Business Partners Overview | |
| This is an overview of SMC Global Franchise | |
| Which type of company is it? - Public/Private | Public |
| What type of broker is it? | Full Service Broker |
| Is the Headquarter in which location? | Delhi, India |
| Who is the founder? | S C Aggarwal |
| What year was it established? | 1994 |
| How long does it take to activate the SB Code? | 2-3 Weeks |
| What is the time it takes to get paid? | 30-45 days |
SMC Global Franchise is a Sub Broker, which allows them to concentrate on their services.
They are registered with SEBI as sub-broking firms, but not as direct trading members. They are paid monthly commissions by stockbroking firms.
SMC Global Sub Broker, unlike most companies, is not a Master Franchise. They can also be called a Remisier.
They do not have an active Referral program. They offer a precise and efficient service.
| SMC Global Franchise Business Models | |
| Learn about the different Business Models offered by SMC Global | |
| 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 |
SMC Global Franchise revenue sharing is restricted to the Sub Broker services. SMC Global Sub Broker does not provide Referral Programs or Remisier revenue sharing.
Because they do not deal with such activities, they cannot be considered Master Franchises. The revenue share of SMC Global Sub Brokers is between 65% and 75%. This is a significant increase over their competitors.
| SMC Global Sub Broker Revenue Sharing | |
| Get the details about SMC Global Sub Broker Commissions for All Business Models | |
| What revenue sharing is available for Sub Brokers? | 65%-75% |
| Are they willing to pay for referrals? | NA |
| What is the estimated revenue sharing Master Franchise business? | NA |
| What is the required revenue sharing for Partner/Remisier models? | NA |
SMC Global Franchise costs typically only cover sub-broker services. SMC Global Sub Broker investments require a security deposit. This initial security deposit is usually between Rs50,000 and Rs1,00,000.
Security deposits are not required as they aren't a Remisier franchise or Master franchise. Referral Programs don't require security deposits.
| SMC Global Franchise Security Debit | |
| Find out the SMC Global Franchise cost requirements for each business model | |
| What is the minimum security deposit for Sub Broker Program? | Rs.50,000-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 |
SMC Global Franchise offers flexible revenue sharing plans that work out well for their clients.
Some of the most important offers may not be available to their clients. Notable mentions include flat revenue sharing, zero revenues sharing with prepaid and zero deposits
SMC Global Sub Broker is offering Rs10,000 for an initial investment. This will keep clients interested.
| SMC Global Sub Broker Offers | |
| The following list contains the SMC Global 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 |
SMC Global Franchise Support is lacking a few key services. The most noticeable are the absence of Dealing Training, Acquisition Training, Advisory Support, Marketing Support, and Advisory Training.
SMC Global Partner Support includes products training, back-office support and trading support.
| SMC Global Business Partner Support | |
| These are the Support SMC Global Franchises need to offer to their clients | |
| Are they able to offer Acquisition Training to their Associates? | No |
| Are they able to provide training for dealers of sub-brokers? | No |
| 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 |
If you are interested in becoming a partner with SMC Global Partner, there are some requirements that you must meet.
For starters, you will need at least two employees. You will also need Trading Terminals and a reliable internet connection.
You must also have a telephone line that represents your business. SMC Global Sub Broker Infra requires that your office space be greater than 250 square feet.
You are not required to use their dedicated research service while you wait.
| SMC Global Partner Infrastructure Requirement | |
| Get the Infra needed to open a SMC Global Franchise | |
| How strong are the employees required to open this franchise? | Minimum 2 |
| 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 mandatory for Subbrokers to offer Research Services? | No |
| What size office area is required to become a sub-broker? | Minimum 250 Sq Ft |
Before applying to be a partner, make sure you review the eligibility criteria for SMC Global Sub-Brokers.
As Equity Intraday fees, the SMC Global Authorised Person charges between 0.03% and 0.04%. Equity Delivery fees range from 0.20% to 0.40%.
SMC Global Partner charges Rs70 per lot for Equity Options. They charge Rs20 for Currency Options.
Next up is Equity Futures. They charge between 0.03% and 0.04%. For Currency Futures they charge between 0.03% and 0.04%.
Last, but not least, is the Fee for Commodities. It ranges from 0.03% to 0.04%.
| SMC Global Sub-Broker - Brokerage Fees for Clients | |
| These are the brokerage fees that SMC Global Sub Broker charges their clients | |
| What are Equity Intraday Charges? | 0.03% - 0.04 |
| What are the Equity Delivery fees? | 0.2% - 0.4% |
| What is the charge for Equity Options? | Rs.70 per Lot |
| What are the Currency Options fees? | Rs.20 per Lot |
| What are Equity Futures fees? | 0.03% - 0.04 |
| What are the charges for Currency Futures? | 0.03% - 0.04 |
| What are the charges for commodity trading? | 0.03% - 0.04 |
SMC Global Franchise charges Rs1,000 for opening an account. This can be frustrating for clients, as 50% of companies are eligible to open accounts with SMC Global Franchise.
The minimum margin money threshold for a company is Rs10,000. Some companies do not have such restrictions.
SMC Global Sub Broker charges Rs300 annum for AMC of the Demat accounts. However, the cost of AMC of the Trading accounts is null.
Transaction fees are usually 0.003250%.
| SMC Global Franchise Account Opening Charges for Clients | |
| These are the account opening fees that SMC Global Franchise charges their clients | |
| What are the account opening charges? | Rs.1000 |
| What is the Margin Money? | Rs. 10,000 |
| What is the Demat AMC charge? | Rs.300 per Annum |
| How much do Trading AMC fees cost? | Zero |
| What are the Transaction Charges? | 0.00% |
SMC Global's overall Franchise Ratings are 3.2 out 5 which is somewhat below the expected line. Any company with a score of 3.5 or more is usually considered a good company to associate with.
They offer a robust mobile app and trading platforms. People voted 3.3 out 5 for them. They have a revenue-sharing model that has been rated 3.1 out 5 and a shockingly low 2.9 out 5 for security deposits.
However, clients voted 3.2 out 5 for their experience. SMC Global Sub Broker Review was 3.0 out 5 for their offers, which is far below industry standards.
| SMC Global Franchise Customer Reviews | |
| Client Ratings and Reviews against multiple parameters of SMC Global | |
| Based on the Revenue Sharing Model of Franchisor | 3.1 / 5. |
| Ratings based on the security deposit provided by the company | 2.9 / 5. |
| Based on Experience in the Sub-Broker Business | 3.2 / 5. |
| According to the Broking Franchise Offers | 3.0 / 5. |
| Ratings for Mobile Trading Apps & Trading Platforms | 3.3 / 5. |
| Sub-Broker Franchise Ratings | 3.2 |
| Star Ratings |
The SMC Global Franchise isn't perfect. Nevertheless, every company is imperfect and flawed in one way or another.
We should conclude the discussion with something positive since we've already discussed some of their negative aspects.
SMC Global Sub Broker has been in business for 25 years. They have survived many ups and downs in their industry, and they are still able to survive.
They believe in core sub-broker services and this is what they deliver. We should appreciate and trust their experience in this field.
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