AsthaTrade Franchise or Sub Broker is in high demand and is one of the leading broking house company that is based out of Bhopal, Madhya Pradesh. AsthaTrade has a membership with NSE, NCDEX and MCX-SX only. The traders like to open their Demat and trading account with Astha trade because this broking house gives maximum exposure or leverage to their clients as compared to other broking house, across all segments. Lets have a detailed review of AsthaTrade Franchise or Sub Broker business, their revenue sharing model, support & advisory.
AsthaTrade Franchise Customer Ratings & Review
|Product & Services||6.5|
About AsthaTrade Franchise or Sub Broker
Astha Credit & Securities Pvt Ltd was incorporated in the year 2005, Bhopal (MP). They started around two decades ago as a stock broking company and today they are among leading brokerage houses. Their services into exchange , traded derivatives and commodity products and providing services in Investment Consultancy, Equity and Commodities trading to meet expectations of their customers. Astha Trade has a good physical presence across India (more than 100 plus cities) through their franchise system. The clients of AsthaTrade can trade across the Equity,Commodity and Currency segments.
Types of AsthaTrade Franchise or Sub Broker
Currently, this company is offering only one type of business partnership i.e. to become a Sub Broker.
Start your Broking Business with AsthaTrade
AsthaTrade Franchise or Sub Broker Revenue Sharing, Initial Investment & Fees
Lets have a detailed understanding of AsthaTrade Revenue Sharing & Security Deposit & more.
AsthaTrade Partner Initial Investment
Rs.50,000/- (fifty thousand only) is needed to be deposited as security amount. This amount is refundable when you exit AsthaTrade Sub Broker or Franchise. You will have to bear the expenses of running the office and internet as well. Apart from refundable amount mentioned above you also need to pay Exchange Registration Fees Rs. 6000 for all Segment (non-refundable), to trade in NSE, NCDEX and MCX-SX.
AsthaTrade Partner Revenue Sharing & Fees
The revenue sharing with AsthaTrade Partner depends upon the security Amount deposited with the broking house and so the brokerage sharing there is from 50% to 90%. If the business partner deposits up to Rs 50000, then the brokerage sharing is up to 50%. If the security deposit is from Rs 50000 to Rs 1 lakh,, then the revenue sharing is 70%. Security deposit is above Rs 1 Lakh, then the business partner can get the brokerage sharing of up to 90% of the brokerage generated. In mutual fund segment, the company is offering 100% revenue sharing with the business partner.
AsthaTrade Franchise or Sub Broker Offerings
AsthaTrade does not offers wide range of financial product to client they want to trade into, since it is a Discount Broker. AsthaTrade is known for its Limit & Exposure value. They are currently providing the following exposure or limit for trading:
- Equity Intraday – 40X ,
- Delivery – 7X,
- F&O – 66X and
- MCX 10X
AsthaTrade also offers you online discount broking if your client is self-sufficient and wants to trade with minimum brokerages. This broking house is also a registered merchant banker registered under SEBI. They offer equity, commodities, currency trading, derivatives, Mutual Funf, etc. But investment in IPO is not possible for this moment.
AsthaTrade Franchise or Sub Broker – Support / Advisory
Well trained dealers for fast execution of order. Online cash management. Once you are registered with AsthaTrade they will offer you training on their trading platform which will be free of cost. AsthaTrade has a great trading platform and they have presence on multiple devices for trading through mobile app, desktop based solution, terminal based software, etc. The various types of trading platform softwares offered by Astha trade are ODIN DIET, IWIN mobile trading app, Financial Technologies Web trading software (browser based application), NSE NOW, NSE MOBILE and other trading software tools.
Although you need to own your own personal computer/ laptop. AsthaTrade Sub Broker or Franchise do provide with advertisement material and full back office support.
AsthaTrade Sub Broker or Franchise trading platforms are also provided free of cost to the franchise owner and to their client as well. Research reports are also not charged by the broking company. They also have premium advisory options with them for your potential clients. They also provide you with business cards and few more things as well.
How to become a business partner with AsthaTrade ?
Provide few documents & one can easily become sub broker of AsthaTrade. Few documents required are:
- Pan Card
- Aadhaar card
- Educational certificate (minimum one should be 12th pass), and 21 years of age.
- Cancelled Cheque or Bank Statement of last 6 months.
- 2 photos
It would be better that you consult a chartered accountant while becoming partner with Astha trade, just to understand all the terms and conditions related to investments and transactions. Also, Astha trade is different from other broking houses in many ways. For example: Even though they are discount broker, their broking charges and plans are very higher. As soon the registration process gets over, which generally takes around 3-15 days. You will receive you franchise code to start the business.
Start your Broking Business with AsthaTrade
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