Choice Broking Franchise / Sub Broker / Partner Review

Choice Broking Franchise is a well established broking franchise headquartered in Mumbai. Lets have a detailed Choice Broking Franchise Review & deep understanding of Choice Broking Sub Broker Offerings, Choice Broking Franchise Revenue sharing models & other features of Choice Broking Partner Program.

Choice Broking Franchise Customer Ratings & Review

Choice Broking Franchise Customer Ratings & Review

About Choice Broking Franchise

First received the exchange member of NSE, BSE, MCX-SX, MCX, NCDEX and has DP with CDSL in the year 2010. It is also a registered as Mutual Fund distributor. So, basically you have all financial services in offering.

Choice Brokers are new to the market with their presence just a decade, but within 7 years their growth has been exponential, all due to right team work and awesome working principles. In 2012, the got registered for SME segment of BSE as a Market Maker.

In 2015, the company launched a mobile trading platform and HTML5 web-trading platform known as Investica. Choice Broker focuses greatly on R&T for client satisfaction.

Types of Choice Broking Franchise

They are currently only offering sub-broker option as their Business Partner. Earlier they were of offering Remisier which they stopped recently.

Start your Broking Business with Choice Broking Franchise

Fill Your Details Here
  1. Become Sub BrokerOpen Demat Account

Choice Broking Sub Broker Revenue Sharing, Initial Investment & Fees

Here is a detailed overview of Choice Broking Revenue Sharing process & Initial Investment amount levied by the broking house.

Choice Broking Franchise Revenue Sharing

Revenue sharing model of choice broking is very simple & straight forward. To start with they charge based on 75:25 ratio. This very competitive compared to other broking franchise. This means that the sub broker gets to keep 75% of the revenue generated & broking house keeps 25%.

This model gets even better for sub broker over a period of time if the volume of sub broker is really good. For high volume sub brokers, this number can go to 80:20 ratio.

Choice Equity franchise offers

Choice Broking Partner Initial Investment and Fees

A Sub broker needs to pay Rs 50,000/- (fifty thousand only) which is refundable at the time you give up the venture. The Franchisee will have to bear the expenses of running the office and internet as well.

Apart from refundable amount mentioned above the partner also need to pay Rs.2360/- (non-refundable) for each segment that you want to trade into. Example if you want to trade in NSE, BSE, MCX-SX, MCX, NCDEX then the amount one needs to pay for registration will be 2360 x 5 =11800.

Choice Broking Sub Broker Offers

They will provide the franchise owner with all advance trading tools to trade in Equities, Commodities and Currencies. Their centralized customer support facility solves the customer problem in a snap. They provide free advisory services for Mutual Fund. In terms of research services, they offer dedicated desk to offer quality research recommendation.

Choice Broking Sub-Broker Support / Advisory

After getting registered with Choice Broker, they will offer the sub broker and their employees training on their trading platform which will be free of cost. Although one need to own their own personal computer and laptop but they will provide call recording devices to trace the quality of services.

Choice Broker do provide sales kit, stationary, advertisement material like banners or sunboards, sign board of the office to mark their presence. The advisory to trading are also provided free of cost to the franchise owner and to their client as well. Research reports are also not charged by Choice Broker.

Their trading platform is ODIN DIET which is not among the latest trading software.

Why Partner with Choice Broking?

  • Great Revenue sharing model for the Sub Brokers
  • Free Demat Account Opening
  • No Margin for the Account Opening Process
  • Good support towards Trading Platforms
  • Training Support
  • Trading Tips through email & sms

How to become partner with Choice Broker?

The documents needed are:

  1. Pan Card
  2. Aadhaar card
  3. Educational certificate (minimum one should be 10th pass),
  4. Cancelled Cheque
  5. 2 photos

With the above documents, one can own a Choice Broking Franchise. This entire process will take minimum 10-14 days.

Start your Broking Business with Choice Broking Franchise

Fill Your Details Here
  1. Become Sub BrokerOpen Demat Account

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