VCK Stock Broking Franchise is an old firm and it is also quite renowned since it is the very first corporate member of the Kolkata. VCK Stock Broking for years had been providing trading and investment services to all its users or clients.
The article will focus on VCK Stock Broking Sub Broker Program and information like its business model, security deposit requirement, revenue sharing, offers which would ultimately help the clients before they engage with the company as investors or sub-brokers.
VCK Stock Broking Franchise Customer Ratings & Review
|VCK Stock Broking Franchise Ratings|
|Products & Services||5.3/10|
About VCK Stock Broking Franchise
VCK Stock Broking headquartered in Kolkata is a private limited company.
The company was founded in 1989 by Varjivan C.Kampani.
The sub broker activation time is 35 days whereas the payout time is 35 days for the sub-brokers in the company.
Become an Authorized Pers0n of VCK Stock Broking
Types of VCK Stock Broking Business Models
There are 2 types of VCK Stock Broking Franchise Business Models:
- Authorized Person / Business partner / Sub broker
- Referral Program
VCK Stock Broking Sub Broker or VCK Stock Broking Authorized Person
VCK Stock Broking offers sub broker or Authorized Person (AP) or business partner to all the clients.
A sub broker is someone who is working as an agent on behalf of the stock broker and it is their duty to pitch in investment ideas to the clients.
The sub brokers of the company before commencing business with VCK Stock Broking needs to pay a minimum Rs 50,000 that may go up to Rs 200,000 and receives revenue that ranges between 55% and 85%.
Benefits of VCK Stock Broking Authorized Person
- The sub brokers of VCK Stock Broking enjoys high revenue share generated by the clients whereas the franchiser receives low brokerage percentage.
- The sub brokers also get revenue of Rs 1,999 for each refers.
- Account opening Charges and Trading AMC are offered free for the sub brokers.
- A sub broker can start a stock broking business with minimum Rs 50,000 initial security deposit.
VCK Stock Broking Referral Program
Referral programs had gained popularity for it has been seen that it takes less time to hire compared to the candidates coming from company’s career site.
VCK Stock Broking does not require any security deposit amount for referral program. On the other hand, referral program have revenue of Rs 1,999 for per refer.
Benefits of VCK Stock Broking Referral Program:
- Referral programs definitely improve the quality of hiring clients or candidates. The sub brokers and the clients will have to refer people who have the skill or quality to be successful with the company because the performance of the referral can also reflect back on their image.
- Referral programs even encourage the sub brokers to think positively about working with the organization and thus the enthusiastic sub brokers or clients spread the word to their network.
- The referral program holds the power of creating a strong bond between the company and the sub brokers as they feel to be playing an important role for the future of the business. They feel assured that they have a hand in the company’s future which makes them feel appreciated. They feel like they are important part of the Company, and help to raise motivation.
- The referred candidates are already well versed and have knowledge about the company and its culture through referral program. Since the sub broker hired the candidate by themselves, thus the candidates tends to be a better cultural fit.
VCK Stock Broking Partner Revenue Sharing or VCK Stock Broking Sub Broker Commission
VCK Stock Broking is renowned to be one of the high remunerating broking houses in the country.
The sub brokers are offered with revenue that starts from 55% and ends till 85%. Referral program have revenue for Rs 1,999 for per refer.
VCK Stock Broking does not offer master franchise and remisier under the revenue sharing section.
Refer to this Table for clear picture:
|Revenue Sharing||Clients Share||VCK Stock’s Share|
|Sub Broker||55% – 85%||15% – 45%|
|Referral program||Rs 1,999||NA|
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Start your Broking Business with VCK Stock Broking
VCK Stock Broking Franchise Cost or Security Deposit
The security deposit model of VCK Stock Broking comprises of only sub broker. In case of sub broker, the minimum initial investment is Rs 50,000 which may exceed up to Rs 200,000.
The master franchise and Remisier are not available in the VCK Stock Broking. The company does not apply any security deposit for the referral program.
Check this table below for better understanding of VCK Stock Broking Franchise Cost:
|Sub Broker||Rs.50000 – Rs.200000|
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VCK Stock Broking Franchise Infrastructure Set-up Cost
VCK Stock Broking is a reputed stock broking house and thus it expects the sub broker to set a workplace or fulfill the basic amenities to maintain the standard and stature of the company.
The sub broker should have an office area with atleast 100 square feet of movable area. T
he office should have atleast 1 employee, great research services to pass on the required or important information to the clients.
The sub brokers should be equipped with a telephone connection, advanced trading terminals in proper working conditions but there is no need of internet connection.
VCK Stock Broking Sub Broker Offers
To encourage and promote the business of sub-brokers, VCK Stock Broking regularly launches a variety of offers. Some of the regular offers are:
- The sub brokers or business partners are allowed by the company to join with zero deposit.
- Low deposit scheme are not at present offered by the company.
- Flexible revenue sharing is provided by the company.
- Flat revenue sharing is available in the company.
- Zero revenue sharing with prepaid is not offered by the company.
The offers can easily be availed by all VCK Stock Broking Authorized Person once they register with VCK Stock Broking.
VCK Stock Broking Franchise or VCK Stock Broking Authorized Person – Eligibility Criteria
Before discussing the criteria that are exclusive to VCK Stock Broking, it is important to take a note of the statutory & regulatory requirements.
There are some basic eligibility criteria mentioned below for the individuals applying for sub brokership in the VCK Stock Broking:
- The candidates who are opting to become a sub-broker need to essentially obtain a sub-broker registration with SEBI. The candidate without any such registration will not be qualified to become a sub broker.
- The candidate should be a minimum 21 years of age to associate with the VCK Stock Broking.
- The next criteria belong to the category of academic qualification where the VCK Stock Broking prescribes the candidate to complete higher secondary level. However, a graduation certificate will have an added benefit.
- VCK Stock Broking expects the candidate to be free from any kind of criminal activities. The candidate should have a clean record.
- The candidate must have a basic knowledge on computer.
- They should have a technical knowledge on the share market.
How to become a VCK Stock Broking Sub broker or Authorized Person?
There some simple steps involved for the candidates to become a sub broker in the VCK Stock Broking:
- All the interested candidates should fill up the forms found in the company’s website with correct details.
- Post this, the executive will contact the interested candidate to learn their interests and expectations
- The VCK Stock Broking team would do a background check to verify that all the details that had been provided by the candidate are genuine.
- After the VCK Stock Broking team completes the verification process, they would contact the interested candidate to have a detail discussion on the revenue sharing ratio, business model, the expectation of VCK Stock Broking, candidate’s expectation, the investments, offers, etc.
- During the discussion period, the candidate would be asked to submit mandatory documents like registration from SEBI, NSE, BSE, ID card, academic certificates, etc.
- As per the discussion between the team and the candidate, an agreement would be executed from them and the candidate would be needed to sign on the agreement.
- Post the execution; the candidate can commence their business as VCK Stock Broking business associates.
Documents required to become VCK Stock Broking Authorized Person
One needs to submit a minimum of the following documents:
- PAN card
- GST Registration certificate
- SEBI Certificate of Registration
- NISM certificate
- AADHAAR card
- Income proof
- Investment proof for experience
- Canceled cheques
Know about other stock broking franchise:
Why Partner with VCK Stock Broking?
Here are the various reason to partner with VCK Stock Broking:
- Sub brokers and clients can obtain revenue of Rs 1999 for per refer.
- The infrastructure investment is perfect as it has the power of easily attracting clients with its complete infrastructure requirement.
- The sub broker experience high or maximum revenue share of 85%.
- Trading AMC is offered free for sub-brokers from Franchise Company.
VCK Stock Broking Franchise Conclusion
The Franchise Company has attractive revenue collection which exceeds up to 85%.
The Company even allows for Zero deposit scheme. The franchise has a perfect infrastructure as it provides research services, trading terminals and telephone lines.
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