SMC Franchise/ Sub Broker/ Partner ReviewLast Updated Date: Nov 17, 2022
SMC franchise was set up in 1990 and currently it has more than 2400 registered sub brokers.
SMC Franchise Customer Ratings & Review
|Products & Services||7.0/10|
About SMC Franchise/Partner/Sub Broker
SMC offers most of the trading products like equity, commodity, currency, derivative, insurance and provides services like research, financing, insurance broking, clearing services etc. It also provides wealth management and advisory services to high net worth individuals and other retail clients.
SMC franchise believes in long term relations and strong bonds for ensuring a progressive business and hence focuses on building and maintaining good and committed relations with the SMC sub brokers.
It also ensures that the sub-brokers get an opportunity to maintain their own identity and hence provides advertising material which co-promotes the sub broker entity along with SMC brand.
Start your Broking Business with SMC
SMC Franchise/Business Partner/Sub Broker Revenue sharing Model & Fees
SMC Sub broker revenue sharing model
It offers a competitive revenue sharing model which ranges from 30% to 60%. The range of revenue sharing ration varies upon factors like the business provided by the SMC sub broker, the margin deposited, the credit turnover etc. It offers a dynamic model and the earning of any sub broker of SMC starts from INR 50,000 per month.
Find the list of Sub broker Franchise with decent revenue sharing models:
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SMC Franchise Infrastructure Investment
SMC Trade has addition to the above initial investmenr, it also required the candidate to have the following infrastructure facility:
- Office space – atleast 250 sq. ft of work space
- Workstation – Atleast 1 computer with a decent internet connection (i.e. minimum speed of 1 Mbps)
- Telephone lines – with voice logger
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Initial Investment Amount by SMC Business Partner
Though it has not prescribed any necessary payment of investment money, but depending upon its evaluation of a candidate, it may call for depositing certain investment money to cover the risk of default. As is obvious, this would be only in case where the sub broker candidate does not have a very strong credit background or SMC Partner program may have identified certain risk factor and to cover this risk factor, it demands depositing the margin money.
SMC Franchise/Sub Broker/Business Partner offers
As discussed above, SMC Sub broker initiative appreciates the importance of maintaining sub broker’s own identity and hence supports the sub-broker with advertising material like glow sign boards, banners, visiting cards, brochures, posters etc. which may promote the brand of SMC and the sub broker’s agency as well.
It also supports the sub-broker by providing it access to the research reports which SMC Trader’s research team releases periodically. This helps the sub-broker in guiding its clientele with the current market trends and suggest them their next moves. Apart from this, it also provides for a personal interaction of the sub broker with its research team.
SMC franchise offers client acquisition training to the sub brokers to help them increase their client base. This is mainly done by imparting relevant training’s like educating on the products and services, training on the trading platforms etc.
As monetary assistance, SMC Trade may provide varied offers depending upon case to case like waiving off initial margin money, increased revenue ratio, increased credit period, increased trading limit or providing unlimited trading across all segments, contributing to the infrastructure set up, waiving off the initial investment amount which is prescribed at INR 3 to 5 Lacs.
How to become SMC Sub broker/Franchise/Business Partner?
For being a SMC sub broker, a candidate is to be registered as a stock broker with SEBI and relevant stock exchange. This is a part of compliance and hence needs to be fulfilled by every candidate interested in stock brokership. Apart from this, SMC Trade has prescribed an experience of minimum 1 year in the financial-capital market as one of the basic eligibility criteria. Any interested candidate with the prescribed experience can apply for partnering with them. Further, to ensure that the candidate has a decent reputation in the market and has a strong potential client base, it runs a background check for each of its candidate. It also expects the candidate to make an initial investment of INR 3 to 5 lacs in the infrastructure set up for the business.
Though, it has prescribed minimum experience on 1 year, but it also believes in promoting and investing in new talent i.e. it evaluates ability of an individual and decides upon case to case whether the candidate with no experience has sufficient capability to justify the role of sub-broker.
Based on the above parameters, SMC franchise evaluates the candidate and if found suitable, it executes a sub brokership agreement which documents all the relevant terms of business like the revenue ratio, the role and responsibilities of each party, the legal compliance’s to be undertaken by the parties, the infrastructure set up, the margin money, the credit period, the tenure of validity of such agreement etc.
Know about other stock broking franchise:
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Why Partner with SMC?
- Dedicated software which helps SMC sub brokers to track clients’ performance
- SMC Franchise provides access to research report
- There is Personal interaction with research team under SMC Partner program
- SMC sub broker initiative imparts product training to its sub brokers
- SMC Franchice helps in building up client base
- Co-branding is a major initiative of SMC Partner program
- SMC sub broker initiative offers a great trading platform
SMC Global Franchise FAQs
Ques – Does SMC Global have Sub Broker Model?
Answer – Yes, there is a sub broker model provided b this stock broking house for all the individuals who are looking for business opportunities with SMC Global. You can pursue the Sub broker model and be the proud business owner from the stock broker field.
Ques – Is SMC Global having multiple Franchise models?
Answer – No, SMC Global does not provide multiple stock broking franchise models, and if you want to get associated with them, you need to stick with the only provide model, i.e. the sub broker model. There are a lot of successfully operating sub brokers across the nation.
Ques – What is SMC Global Sub Broker Commission?
Answer – The revenue sharing model of this stock broking house is pretty competitive, and it is flexible. There are a lot of factors which determines the final commission percentage you will retain and this includes the investment cost. The range of commission provided is 30% to 60%.
Ques – How much SMC Global Franchise Cost?
Answer – There is an associated infrastructure cost in connection with the sub broker’s model, and other that this, there is no prescribed investment cost. In fact, the company believes in providing monetary assistance where they might help you in certain domains, or may even ask you to pay an amount for security concerns.
Ques – Does SMC Global have Partner Program?
Answer – No, a separate partner program is not provided by this stock broking house and in case you wish to get associated with them, then you only have the sub broker call to make. You can check the structure of the business in detail and then choose to invest in it.
Ques – What is SMC Global Partners Sharing?
Answer – We do not have the information relating to the partner’s sharing model, and it is because they have no such model. The only provided model is of sub broker and you can refer to the sections in the article for details overview on the sub broker model.
Ques – Is SMC Global Partner Program Free?
Answer – There is no partner model as provided by the stock broking house and as a result of which you cannot invest in the model in either case. We urge you to refer to the other provided model, i.e. the sub broker model and check its investment if you are in search of business opportunities.
Ques – Does SMC Global provide Training Assistance?
Answer – As far as the training assistance is of concern, they have your back in the arenas of client acquisition training, to help them increase the client base. Precisely, training is provided in educating on the products and services, training on the trading platforms etc.
Ques – How to Become SMC Global Sub Broker?
Answer – Begin the process by click on the “Become Sub Broker” button, provided right at the bottom of the article. This will let show a pop up form on your screen. Enter the details in the form and then hit the submit button. Your details will reach the stock broking house and you will get redirected for the further process.
Ques – Does SMC Global Franchise provides Support?
Answer – You can expect relevant support from the stock broking house in many arenas. In particular support is extended for advertising material like glow sign boards, banners, visiting cards, brochures, posters etc. Others are research reports which SMC Trader’s research team releases periodically.
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Start your Broking Business with SMC
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