Dear Patrons, Times are changing! The traditional way of doing business by old-school stockbrokers has been proven unsuccessful in the last few years as a result of industry consolidation among the top players, rising compliance costs and falling brokerage rates. The rise of online stockbroking (a.k.a discount broking) has disrupted the old-school stockbroking franchise model (sub-broker based expansion model) adopted by traditional brokerages which relied heavily upon physical expansion of branches across geographies to increase their business. They have been shutting shops on a wide scale. To understand the real impact, take a look at the figures below.
Source: SEBI (Securities & Exchange Board of India)
Taking up a sub-broking license or a similar traditional model (Running an office, customer support, KYC, compliance etc.) has ongoing costs and is capex heavy for new entrepreneurs looking for meaningful money making opportunities. We understand the complexities involved in this model and have something completely different in store for you.
FYERS Stockbroking Franchise Opportunity:
As a new-age online stockbroker, we are looking for creative, ambitious and serious-minded individuals who grow along with us as we are committed to providing the best trading platform to all traders and investors in India. In our DNA, quality takes precedence over everything else and we want to associate with people who understand its importance. By referring clients to us, it will benefit you as we are very responsive and always taking up new initiatives which will benefit clients in many ways. We have simplified the scope of work for our stockbroking franchisees to a great extent to ensure a smooth experience in the long-run too.
2 Simple Steps to run your stockbroking franchise with us:
Register with us – To get started, we request you to give us your basic details here. It is mandatory for you to open a trading account with us so that you can experience our trading platforms and services first-hand before recommending it to anyone else. Post that, you will have to register as an Authorized Person with us. It is an exchange prescribed standard procedure which empanels you with the stockbroker. You will be entitled to do business as a stockbroking franchise and share brokerage commissions as mutually agreed. To learn about the eligibility criteria and procedures to become an Authorized Person, check this NSE link.
Marketing – Spread the word about us by publishing genuine content online so that we can cater to widespread needs of all traders and investors in India. There are various marketing channels which you could use including word of mouth, blogging, videos, offline education seminars, sales calls, e-mails etc. We are committed to being the best stockbroker in India and your support will surely help us accelerate towards that goal. It is a well-known fact that traders & investors face a lot of hiccups and most of them are silent spectators who wish there is something better out there. We are building a productive community of people with whose help we can reach out to them and provide state-of-the art services. Join our cause and be a part of our journey!
Unlike other stockbroking franchise opportunities which are involve high deposits, expenses and cumbersome procedures; ours is made structurally simple so that you can focus on your marketing core competency and we shall take care of the rest. If you are interested in making a positive change to the ecosystem, get in touch with us. If you already have an account with us, write to us at support@fyers.in. Our team will discuss the stockbroking franchise opportunity with you in detail.