Home  »  Sub Brokers  »  Upstox Franchise

Upstox Franchise or Upstox Partner program is a very large player in the sub broker franchise business.

In today’s review, we would talk about the benefits of becoming a Sub Broker with Upstox, its service offerings, Revenue sharing, Upstox franchise cost & more.

This stockbroker, Upstox, which was earlier known as RSKV, is one of the largest players in the Stock Broking Industry.

Upstox Partner / Sub Broker / Franchise / Authorised Person Review


Upstox Partner Ratings & Review

Upstox Partner Program Ratings
CriteriaRatings
Experience8.2/10
Market Share8.4/10
Products & Services8.5/10
Revenue Sharing8.9/10
Holistic Support8.7/10
Overall Ratings8.9/10
Star Ratings★★★★

About Upstox Franchise or Partner Program

Upstox was started by three young entrepreneurs in the year 2011 – Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath with the motive “We have an Idea” Let’s see if there’s a way to make trading easier and cheaper.

upstox franchiseThey started this organization with a vision to take it to be one of the top Financial services companies in the country. In the last 10 years, the company has achieved many milestones.

Then in May 2016, they finally launched their Trading platform Upstox Pro that is a very efficient and powerful mobile trading platform.

Upstox has a variety of products to offer its clients and have them trade seamlessly. It offers all segments of trading namely Equities, Commodities, Forex, Currency, IPOs, and Mutual Funds as well.

Today, Upstox Partner Program is one the largest in the country.


Start Upstox Partner Program Now!

    Fill Your Details Here


    Types of Upstox Franchise

    Upstox Broking works only one Franchise model i.e

    • Partner Model

    Upstox Sub Broker or Upstox Partner

    Anyone and everyone who has some basic knowledge about the Stock Broking Industry and the zeal to make it big can enroll with Upstox as a Partner.

    They have many people like Educators, Youtubers, Social Influencers and Techies, etc who are already a part of their team of Business Partners.

    A Sub Broker or Business Partner with Upstox needs to first enroll himself as a trader and start trading with Upstox.

    You get per trade Commission along with fixed income on every account opened under your partner code.

    The more one trades the higher the revenue. Moreover, this business is network marketing.

    Not just his trade, but the upstox partner benefits from all those individuals who are trading under his network and team.

    Hence he needs to refer maximum people to join Upstox and start trading. He would get 30%-50% of the brokerage every time one of his references trades through Upstox.

    This means that, over a while, even if he stops trading himself, he would still get a handsome amount of profit if his customers registered under his Sub brokership are trading.

    This model is a recurring business model, which is a lifelong income, and the more customers you add to your chain every month and every year, the better the returns would be.

    Benefits of Upstox Authorized Partner

    Find the benefits of upstox sub broker program:

    • Backing by some of the Industry Gurus like Ratan Tata, GVK Davix and Kalaari Capital makes them a really strong entity despite being new
    • Strong Technology focus has led to many innovations and benchmark achievements in their history
    • Marketing Support provided by the Upstox team helps set up your business
    • Strong research and analytics capability to look at market fluctuations and predict profitable solutions
    • Low initial investment demand

    Upstox Partner Revenue Sharing Model & Commission

    Although Upstox is new in this industry, it is one of the upcoming market leaders due to its adaptability and quick grasp of industry standards.

    They recognize the importance of a Partner in their business and hence have come up with a unique brokerage and business sharing model.

    In the Partner model with Upstox, a Partner would earn not only once but every time his referrals trade under his network trades.

    The revenue sharing is fixed by upstox during the agreement process with the partner but the agreement & revenue sharing can change based on the performance of the partner.

    The Partner also gets Rs.300 to Rs.1000 per account opening. This offer keeps on changing every month.

    He just needs to focus on adding on to his network and this revenue-sharing model would work wonders for him.

    Every time a person from his network trades through Upstox, he would get 30%-50% of the total brokerage in his account.

    The typical Business model yields around 30%-50% of sharing proportion depending upon the Sub Broker’s quantum of business delivered.

    And it’s very easy also to track all the clients and their trading patterns; their advanced trading platforms and portfolio tracker helps to do so with much ease.

    Check the below table for a better understanding of the Upstox Partner Commission Model –

    Upstox CommissionPartner Commission
    Partner Program50% – 70%50% – 30%

    Find the list of Sub broker Franchise with decent revenue sharing models:


    Upstox Partner Program Fees or Cost

    Upstox wants to allow one and all to be able to enroll and partner with them without having a security deposit as a barrier.

    And hence they have kept their Initial registration amount as low as Rs.3000 only.

    Moreover, this is not a Security deposit – out of this 3000, Rs.2200 goes towards SEBI registration, which is a mandate and the remaining Rs.800, is towards handling fees and other charges.

    This is by far the lowest ever security deposit a Broker can charge. The concept is to onboard a lot of young people full of entrepreneurial zest who get lagged due to such heavy deposit amounts and hence Upstox wanted to open avenues for such budding businessmen.

    The below table gives a better perspective of Upstox Franchise Cost:

    Upstox Partner Program Fees
    Rs.3,000

    Find the list of Stock Market Franchise with low initial investment amounts:


    Infrastructure Investment by Upstox Sub Brokers / Authorized Person

    Just like Upstox does not have any minimum Security deposit amount mandate; likewise, it also does not insist on lavish office space in a five-star locality.

    Their basic need is to be able to fulfill the customer’s expectations, whether you do it in a 10X10 office or a 2000 sq ft large organization, it is absolutely up to the Business Partner and no obligation by the company.

    Their rules are very simple; a simple office with basic amenities like a Wifi connection, some Landline connections and minimum staff deployed who are required to help grow the business.


    Upstox Broking Franchise Offers

    Upstox values the hard work put by the Sub brokers in cultivating their business and hence has some fantastic offers for them as well:

    • This Partner model is the biggest benefit one can have with Upstox as that ensures you a lifelong recurring income irrespective of you are trading or not.
    • Upstox’s advanced trading platforms – the Upstox Pro Mobile, Pro Web and Dartstock Trading Platforms are a well-thought-out and user-friendly set of tools that enable seamless trade and everything accessible by the click of a button.
    • Upstox partner dashboard & its app also is a great assistance for the Sub Broker as it manages his entire customer base and their transaction status in a very organized manner. This dashboard does all the transactions for the partner from adding referrals to managing their trade history, keeping a track of earnings to also calculating the brokerage for each trade.
    • The Sub brokers also get a lot of support online and offline from the Upstox Support team to strengthen their business.

    Upstox Franchise Eligibility Criteria

    There is no prerequisite mandate for joining the Upstox team. One can join as a Sub Broker even if he a novice but wants to earn money through this channel.

    Anyone who has the passion to grow and some business acumen with a basic understanding of the stockbroking industry can join the Upstox team as a Business Partner and start trading himself as well as get others to join and build his network.

    Many amateurs join the Upstox team and eventually make it big just due to their attitude and ability to grow.

    A Youtuber can create awareness by making some videos of the trading platforms and getting his followers to enroll with him.

    A teacher or educator in the stock broking domain can teach people about the benefits of trading and add them to his network.

    An existing Insurance Advisor can top up his insurance business by adding this to his portfolio, in return adding to his basket of offerings to his clients.

    Likewise, a Social Media influencer can also capitalize on his follower base and get them to join the Upstox team and trade.

    All you need to do before joining Upstox is get your SEBI registration done and then you can start anytime.


    How to become a Upstox Partner or Sub Broker?

    Just like there is no Getting started with Upstox is a fairly simple task:

    Register your details online with Upstox as a Sub Broker or a Business Partner. You would need to mention your name, contact details, age, occupation and location as well

    The second step is the most critical one. You need to present a business plan on how to plan to start and grow your business, how would you get more and more referrals added to your team; what is your long-term goal etc.

    If the Team Upstox gets impressed with your business plan, then you get the entry ticket and your id is created for the trading tools as well as the dashboard. You can start immediately after that.

    The entire process takes around 7-10 days in totality.

    Documents required to become Upstox Partner

    Here are some basic documents required to register as a Sub Broker or Authorized Partner with Upstox:

    • Identity Proof: you can submit the Pan Card or Passport or Voter ID, or Adhaar card
    • Proof of Age: Passport or Pan Card or 10th Certificate
    • Address Proof : Adhaar Card, Passport, Voter ID, Driving License or any utility bill
    • Bank account details
    • Passport size photographs

    Know about other stock broking franchises:


    Why Partner with Upstox?

    There are many benefits of the Upstox Partner Program or Upstox Sub Broker Model:

    • Although they are very new in this industry & still they have been able to achieve great success in very less time; which proves that they are serious business professionals and with them your money can be safe and secure
    • Their flexible plans are the attraction for new startups; like no security deposit, no mandate on Infrastructure stringencies, flexible brokerage plans and the referral scheme which is the most interesting and profit-making for all
    • Easy signup and joining process make upstox partner registration an added advantage
    • Trading tools that add to the trading convenience is also a very critical aspect of their association with them
    • Upstox Partner Dashboard App and analytics tools which store all customer transactions and formulate them into trading history, maintain a track record of clients and analyze for you your monthly earnings is also a very handy tool
    • The Team Upstox itself, from training to marketing and assistance in stabilizing the business as well renders a lot of support.

    Upstox Sub Broker or Partner Program FAQs

    Here are the FAQs on Upstox Franchise Models –

    What is the minimum initial deposit required to join Upstox Sub Broker?

    The minimum investment that one has to make is Rs 3000, wherein Rs 2200 is taken towards SEBI registration and the rest Rs 800 towards handling fees

    How much brokerage share does the Sub Broker earn out of each client?

    The Sub Broker gets 30%-50% of the total brokerage generated by when their referral trades through Upstox

    What are the different trading tools with Upstox?

    The three trading tools are: Upstox Pro Mobile; Upstox Pro Web and Dartstock Training platform

    What is the launch year of upstox?

    Upstox started its operations in the year 2012.

    Does Upstox have Sub Broker Model?

    The broker has only 1 franchise model – Upstox Authorised Partner.

    This model can also be referred to as the partner model since the remisier here is imposed with the responsibility of networking marketing.

    However, since Upstox is a discount broker, their pattern of working is not similar to full-service brokers.

    Is Upstox having multiple Franchise models?

    No, Upstox does not provide multiple models for the franchise and only provides one model, i.e. of Remisier model.

    This model is exclusive for all the clients of the company, who get the opportunity to create additional income via references made.

    This income is not fixed and ranges as per the network created.

    What is Upstox Sub Broker Commission?

    Upstox partner commission is fair, which goes in line with the limited set of responsibilities he/she has for this broker.

    The designated commission is 30% – 50%. As a result, the franchisor will take 70% – 50% as part of royalty.

    How much Upstox Franchise Cost?

    If you wish to avail of the only provided model from Upstox, i.e. of the remisier, also referred to as the sub broker, you have to pay Rs.3000 for the same.

    This small amount of investment will help you get your business started, and earn returns in a proportion between 10% – 30%.

    Does Upstox have a Partner Program?

    Yes, Upstox belongs to the line of discount brokers who have no physical presence. As a matter of which, they do not require setting up sub-units.

    So, the only model that Upstox provides is the Partner program.

    Ques – What is Upstox Partners Sharing?

    If you consider going for the only provided franchise model of Upstox, you need to invest Rs.3000.

    Following the ownership of the franchise model, you will be able to earn 30% – 50% of the business that you undertake.

    Is Upstox Partner Program Free?

    No, availing of the partner program is not free of cost. However, the investment required is quite tiny.

    Only an amount of Rs.3000 will fetch you the franchise model of the Partner program, following which you can get started with your business and soon enough earn proportionate returns.

    Does Upstox Affiliate Program provides Training Assistance?

    Yes, if you opt for the Upstox Affiliate program, you will be provided with proportionate help regarding the products and customer acquisitions.

    The brand will lend you the help you need to learn about the products and services they provide and also to earn more clients.

    How to Become Upstox Sub Broker?

    If you have the desire to work for Upstox, you can begin right from this page, by clicking on the button “Become Sub Broker”.

    When you see a pop-up form, fill up the details as asked and cooperate with the executive who gets in touch with you.

    They will discuss everything with you before drafting the franchise agreement.

    Does Upstox Franchise provide Support?

    Yes, support in the arena of marketing and assistance in stabilizing the business is as well provided by the company.

    This will serve as a help for setting up your business, which makes it easy for you to earn profitable returns from the business venture.


    Start your Broking Business with Upstox Franchise Program

      Fill Your Details Here


      Find more sub broker franchise reviews: click on the links below


      Most Read Articles


      Franchise

      One response to “Upstox Partner / Sub Broker / Franchise / Authorised Person Review

      Leave a Reply

      Your email address will not be published.

      24 + 9 =

      Get 80% Revenue Sharing Now! Become Sub Broker