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Upstox Franchise, a private stock brokerage company in Mumbai (Maharashtra), is a franchise.
This article discusses Upstox Sub Broker business model, offers, revenue sharing, security deposit cost, and other details.
| Upstox Franchise Highlight | |
| Top Business Model | Sub Broker |
| Minimum Initial Investment | Rs.25,000-Rs.50,000 |
| Revenue sharing | 10% - 30% |
| Payout Time | 31 days |
| Time to activate the SB Code | 15 days |
Upstox Franchise is a stock market franchise that has both the established and newcomers.
The Upstox, formerly known as RSKV Securities, began its business in 2012; the founder of the company was Mr. Ravi Kumar.
Both the business partners and customers of the Upstox franchise have the opportunity to trade on NSE and BSE.
Numerous state-of-the-art trading platforms technologies are available to customers and business partners, allowing them to trade easily.
Customers can buy various products from the company, such as mutual funds, equity, commodities, IPOs, and mutual funds.
| Upstox Business Partners Overview | |
| This is an overview of Upstox Franchise | |
| Which type of company is it? - Public/Private | Private |
| What type of broker is it? | Full Service Broker |
| Is the Headquarter in the right place? | Mumbai, India |
| Who is the founder? | Raghu Kumar, Ravi Kumar |
| What year was it established? | 2012 |
| How long does it take to activate the SB Code? | 15 days |
| What is the time it takes to get paid? | 31 days |
Upstox offers the following business models:
The authorized person or sub-broker model of Upstox is the business model that the company offers to its customers. Sub-brokers can receive fixed income under this business model.
The organization provides various services such as internet access, mobile phones, and other tools to help sub-brokers. The sub-brokers also have access to research and advisory services.
You can also trade effortlessly through various advanced trading platforms like Upstox Pro and Upstox mobile.
Benefits
Referral programs offered by Upstox are the best opportunity for customers. They can earn a lifetime income by referring the company to others.
Candidates who are open to talking about the company to others get the chance to win gift vouchers from the company
Benefits
| Upstox Franchise Business Models | |
| Learn about the different Business Models of Upstox | |
| Is there a Sub Broker model? | Yes |
| Are they able to refer people? | Yes |
| Are they able to offer Master Franchise Models? | No |
| Is this broker able to provide Remisier / Partner model? | No |
Upstox offers 10%-30% revenue sharing for its sub-brokers. The number of trades they make determines how much profit the sub-brokers earn.
Sub-brokers are more likely to trade, which can lead to higher earnings.
If they are brokering 4 lakhs of transactions, for example, the sub-brokers will keep Rs.4000 and the rest will go to the company.
Referring the company to family members can earn gift vouchers.
| Upstox Sub Broker Revenue Sharing | |
| Get the details about Arch Finance Sub Broker Commission on all Business Models | |
| What revenue sharing is available for Sub Brokers? | 10% - 30% |
| Are they willing to pay referral program participants directly or share revenue? | Gift Voucher |
| What is the estimated revenue sharing Master Franchise business? | NA |
| What is the required revenue sharing for the Partner/Remisier model? | NA |
Sub-brokers of Upstox must pay a security deposit cost of Rs.25000-Rs. 50000. Sub-brokers may register by depositing a minimum amount of Rs 25000.
This is the minimum amount that sub-brokers will require you to pay in order to register.
Sub-brokers will earn a higher percentage of revenue if the security deposit amount is high. The revenue sharing percentage depends on the security deposit cost.
| Upstox Franchise Security Debit | |
| Find out the Upstox Franchise Cost Requirements for each model | |
| What is the minimum security deposit for Sub Broker Program? | Rs.25,000-Rs.50,000 |
| 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 |
The Upstox offers the following:
| Upstox Sub Broker Offers | |
| The following list contains Upstox 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 |
The Upstox offers some support:
| Support Business Partner | |
| These are the Support Upstox Franchises that must provide support 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? | 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 | No |
| Do they share Advisory Support? | No |
| Is marketing support provided by the broking house to sub-brokers? | No |
Below are the infrastructure requirements outlined by the Upstox Programs:
Upstox doesn't require anything from sub-brokers regarding infrastructure maintenance. They don't require sub-brokers maintain extravagant office space or interiors.
Telephone lines, trading terminals, and internet connection. Sub-brokers are free to keep and give research reports to their sub-brokers.
It is not necessary for employees to work in a minimum number of offices.
| Partner Infrastructure Requirement | |
| Get the Infra needed to open an Upstox Franchise | |
| How strong are the employees required to open this franchise? | Not required |
| Is it necessary for the Sub Broker to provide trading terminals? | No |
| Do I need to sign up for a franchise through the Internet Connection? | No |
| Is it mandatory that business partners have telephone lines? | No |
| Is it mandatory for Subbrokers to offer Research Services? | No |
| What size office area is required to become a sub-broker? | Not required |
Below is information about Upstox franchise eligibility
The following are the brokerage charges that Upstox partners impose on their customers:
Rs. Customers who choose Equity Intraday or Equity Option will be charged 20 per trade (or 0.01%) if they select Equity futures, Currency futures, Currency futures, Commodity.
If the customer chooses to receive Equity delivery, there will not be any brokerage fees.
| Sub Broker - Brokerage Fees for Clients | |
| These are the brokerage fees that Upstox Sub Broker charges their clients | |
| What are Equity Intraday Charges? | Trades at Rs.20 or 0.01% |
| What are the Equity Delivery fees? | Zero |
| What is the charge for Equity Options? | Trades at Rs.20 or 0.01% |
| What are the Currency Options fees? | Trades at Rs.20 or 0.01% |
| What are Equity Futures fees? | Trades at Rs.20 or 0.01% |
| What are the charges for Currency Futures? | Trades at Rs.20 or 0.01% |
| What are the charges for commodity trading? | Trades at Rs.20 or 0.01% |
The following are the account opening charges for Upstox Sub-brokers:
| Franchise - Account Opening Fees for Clients | |
| These are the account opening fees that Upstox Franchise charges their clients | |
| What are the account opening charges? | Zero |
| What is the Margin Money? | Zero |
| What is the Demat AMC charge? | One-time payment of Rs.150 |
| How much do Trading AMC fees cost? | One-time payment of Rs.150 |
| What are the Transaction Charges? | 0.00% |
The Upstox Authorized Person Program customer rating list is quite modest, with most criteria receiving a rating between 2.1-2 and 8.
Security deposit gets the highest rating of 3.3/5. Revenue sharing model is second with 3.3/5.
Ratings for mobile apps and trading platforms are 2.7 out 5
Experience is rated at 2.7 out 5
Ratings for offers are 2.7 out 5
Ratings for mobile apps and trading platforms are 2.7 out 5
Overall rating is 2.8 out 5
It shows that the company has moderate performance in the market based on overall ratings.
| Ratings Customer Reviews | |
| Client Ratings and Reviews against multiple parameters of Upstox | |
| Based on the Revenue Sharing Model of Franchisor | 3.1 / 5. |
| Ratings based on the security deposit provided by the company | 3.3 / 5. |
| Based on Experience in the Sub-Broker Business | 2.5 / 5. |
| According to the Broking Franchise Offers | 2.7 / 5. |
| Ratings for Mobile Trading Apps & Trading Platforms | 2.7 / 5. |
| Overall Ratings for the Sub-Broker Franchise | 2.8 / 5. |
| Star Ratings |
Upstox Franchise offers excellent customer service. Customers are provided with the most current and feasible products and services.
Customers have access to a state-of-the-art and seamless trading platform. The trading platform can be used by customers and sub-brokers seamlessly.
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