Upstox Franchise or Sub Broker or Partner Business – Cost, Commission & more

The stockbroking business has been the talk of the town lately, and many finance buffs are showing great interest in it.

While there are many stock broking firms in the industry, Upstox Franchise has a different popularity.

In a short time, it emerged as a top stock broking firm and attracted many people to its sub-brokership franchise program.

This article will guide you through the Upstox Sub Broker program.

Upstox has many business models, and the franchise business is one of the popular ones.

The discount brokerage house started operations in 2011 and has been offering affordable trading to investors ever since.

With over 3,500 sub-brokers, Upstox Partner Business is one of the leading discount brokers in the country. It is also known for offering reliable services to its customers.

With its tech-driven platform, outstanding support for partners, and competitive commissions, it is leading the way to sub-broker business.

Upstox’s payout is 30 days, one of its most sought-after features. Furthermore, its trading platforms are very popular among finance enthusiasts.

Upstox offers its sub-brokers a good commission. Upstox has one of the best commissions for its partners compared to other stock brokers in the industry.

The Upstox Sub broker Commission is 30% to 50%. The subbrokers partner with the broking company and sell their products to potential clients.

In addition, the sub-broker’s earnings start as early as the clients start trading on the Upstox platform. Besides the commission, the partners also earn through client acquisition.

The firm offers Rs.300 to the sub-broker for each new client, so a sub-broker can earn a decent income from the business.

The cost and investment required to set up an Upstox franchise are minimal. First, the security deposit is zero. Yes, Upstox does not ask for a security deposit from the sub-broker.

The exchange charges are Rs.3000. The partner must also spend Rs.30,000 to Rs.60,000 on office infrastructure.

With this minimal Upstox Franchise Cost, any eligible finance buff can join Upstox and start their journey as a sub-broker.

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Profits play a key role in any business, and the subbrokership business is no exception. Check out this simple example of how to calculate Upstox subbroker profits.

Let’s say there are 915 clients, 300 of whom are active. If the average commission per active client is 1,300, the brokerage becomes 3,90,000.

In that, the sub-broker’s share is 1,56,000. Additionally, if the partner acquires 50 new clients, the client acquisition income becomes 15,000. So, the sub-broker’s gross profit is 1,71,000.

Removing the total expenses of Rs.60,000 from the gross profit, the sub-broker’s net profit stands at 1,11,000. So, the net profit margin is 27.41%.

A new business owner needs to know about the returns in advance. Regarding stock broking, Upstox Franchise Returns will take two months.

The partners should manage the business independently in the first two months, and after that, they will start seeing returns.

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The Upstox Franchise Dashboard helps the partner find all client-related information in one place. Sub-brokers can quickly locate their earnings, client mapping, brokerage, etc., on the dashboard.

Only authorised persons can access the dashboard using login credentials. Upstox only offers a web platform for its traders.

The firm will launch an app for all trading-related tasks in the future.

Upstox has the best dashboard features to offer its partners. The Upstox Partner Dashboard features are as follows:

• Upstox offers its sub-brokers a web platform to work on.
• Moreover, it has a leads report tab where the partners can check the new leads.
• The brokerage mapping feature allows partners to track the earnings and commissions of specific clients.
• In addition, Upstox offers client activation and portfolio reports on the dashboard.
• Also, the partners can find monthly payout and lead addition links on the dashboard.
• But, there is no facility for manual brokerage change.
• There is also the feature of manual lead addition on the Upstox website.
• However, lead info backend change and lead deletion features are available on the Upstox dashboard.

Upstox Sub Broker Login

To log in to the Upstox website as a sub-broker, you must have an account with the firm. So, contact Upstox and create a partner’s account with them.

Once everything is approved from their side, you will receive Upstox Sub Broker Login details.

Also, once the firm issues your login credentials, you can start acquiring clients and pitching your products and services to them.

As an Upstox Authorised Person, you must satisfy a few office requirements. Have a look!

• It is not mandatory to have an office space. The partner can open an office in his home as well.
• If an office is set up, there should be a minimum of 2 employees.
• Reception and managers’ cabins are entirely optional.
• But mobile phones or telephones are compulsory.
• Also, laptops or computers are mandatory.
• Again, CCTV and call recording are optional.

The person can invest in big office space or other additional infrastructure if the business clicks in the future.

After joining the Upstox Sub Brokership program, the sub-broker will receive the firm’s various support services listed below.

• Firstly, Upstox provides client interaction training so the sub-brokers can learn how to pitch to the clients.
• Also, it provides product training, where students learn about the products and services.
• Moreover, Upstox offers a dedicated relationship manager to help partners manage the business.
• Also, Upstox provides its sub-brokers with back-office support, where they can track all the clients’ information and earnings.
• Upstox also helps its partners promote their business by offering them marketing support.
• Furthermore, the firm also offers dealer training to its partners.

As an Upstox business partner, you can avail of specific Upstox Partner Offers from the firm. Check out what they are!

• Upstox offers 50% or more commission, considered one of the best in the industry.
• Moreover, the broking company has a free delivery trading option.
• Also, the partners can enjoy flat brokerage charges from the firm.
• But, for loss-making trades, the firm does not offer any brokerage.
• Also, Upstox does not offer 1st month free brokerage to its sub-brokers.

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In this section, let us look at the products offered to Upstox Sub Broker Franchise owners.

• The firm offers equity trading in both delivery and intraday.
• Also, it has currency and commodity trading.
• Moreover, it has futures and options trading in all segments.
• Partners can sell mutual funds to their clients by partnering with Upstox.
• Sub-brokers can sell IPOs/FPOs/NCDs to their clients.
• However, insurance and loans are not available with the firm.
• Also, Upstox does not offer products like PMS or PCG, insurance, and foreign stocks.

How to Become a Upstox Sub Broker?

To become an Upstox Sub Broker, the person must satisfy eligibility requirements. Besides, you must have NISM certification.

Here are the steps you must follow to become a sub-broker at Upstox.

• Apply for the partner’s account once you are eligible for the sub-broker profile.
• Also, you are required to submit the necessary documents to the firm.
• Moreover, you must clear the one-time exchange charge of Rs.3000.
• The best part is that, with zero security deposit, you can start your sub-broker business with Upstox.
• Furthermore, you must have a thorough knowledge of how sub-broker business works.
• Once the verification is done, the broker will contact you and issue you login details and a sub-broker code.

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Benefits of Upstox Sub Broker Business

Upstox sub-broker business has a lot of benefits to boast about.

• The Upstox Sub Brokership process is entirely digital registration.
• The registered sub-brokers can access an all-in-one partner dashboard.
• The partner can earn account opening incentives from the firm based on the revenue per user.
• Moreover, customer team support is available for the sub-brokers.
• Upstox has as many as 3,500 sub-brokers working with it who earn a decent monthly income.
• Above all, the commission range is 30% to 50%, which is pretty decent.

Drawbacks of Upstox Franchise

Here are some of the drawbacks of joining Upstox as a sub-broker.

• The Upstox Franchise owners do not have access to advisory support.
• Upstox does not have products like PMS, insurance, foreign stocks, etc. Clients looking for those products may want to join the firm.
• Also, Upstox does not host webinars, which are necessary to educate the sub-brokers.
• Furthermore, the firm does not offer free 1st month brokerage to its partners.

Upstox Partner or Sub Broker – Conclusion

Upstox is a game changer in the sub-broking industry. Those who want a successful career can submit their applications to Upstox.

They have become a go-to broking house in the finance industry with a diverse range of popular products.

Moreover, the Upstox Partner’s earning potential is relatively high, reaching Rs.1,11,000. To join the Upstox franchise, contact the customer support team anytime.

FAQs on Upstox Authorised Person

Check out some of the frequently asked questions here.

Is Upstox Sub Brokership Profitable?

Yes, the Upstox sub-brokership is profitable due to its competitive revenue-sharing model, low initial investment, and wide range of support.

What is the Upstox Sub Broker Commission?

Upstox offers its sub-brokers a competitive commission. It offers around 30% to 40% revenue sharing to its sub-brokers.

How many Sub Brokers does Upstox have?

Upstox is one of the most populated broking firms. That said, it has over 3500+ sub brokers actively working for it.

What is the Upstox Franchise Cost?

Generally, Upstox does not require a security deposit. However, it charges Rs. 3000 for exchange and Rs. 30,000 to Rs. 60,000 for office expenses.

Does Upstox Franchise provide Backoffice?

Yes, Upstox provides back-office support for its franchise partners. Furthermore, it will help them track client activities, earnings, etc.

What is the Eligibility for Upstox AP?

To become an Authorized Partner (AP) with Upstox, the person must be at least 18 years old. Also, he must understand financial markets and their trends.

How to Close Upstox Sub Broker Business?

To close the Upstox sub-broker business, you must contact the support desk. Also, you must clear all the dues and inform your clients about your closure.

How to Convert Upstox Partner to Sub Broker?

The sub-broker must formally request the support team to discuss the conversion. The team will ask you to submit some documents, after which you must sign an agreement with the firm.

What is the expected income as Upstox AP?

As an Upstox authorised person, the person can earn approximately Rs.1,11,000 monthly.

Does the Upstox Franchise provide Support?

Yes, Upstox Franchise has support for dedicated RM, dealer training, product training, acquisition, back office, marketing, etc.