Upstox Sub Broker or Franchise – Cost, Commission, Profits, Support & more

The Upstox Sub Broker Franchise program is one of the most renowned programs in the industry. The company has more than 3,500 Sub Brokers enrolled with them.

To register on the Sub Broker program, the applicants only need to invest a little money and can start earning a steady income of more than a lakh within a month.

This is an excellent opportunity to explore and create a passive income for yourself.

We have tried our best in writing this article to help with every possible detail related to the Upstox Sub Broker program.

This article will show you how to enrol for the Upstox franchise and apply for the Sub Broker program.

Why start an Upstox franchise?

Here are some of the essential points you should know if you are starting to work with the Upstox franchise:

• There are no one-time fees you need to pay for the Upstox AP. A former exchange fee of Rs.3,000 is required to start working with Upstox.
• Sub Broker commission with Upstox ranges from Rs.33,000 to Rs.63,000. Apart from the commission, they can earn extra income by acquiring new clients.
• The break-even time with this franchise is just a month. Moreover, every broker receives their payout in 30 days, so you get your money quickly and strive to put in effort every month to earn more.
• Every sub broker can earn an average of Rs.1,11,000 every month.
• As the stock market is taking new leaps every day, brokers like Upstox have many opportunities to explore and allow more people to join them.

Upstox Sub Broker commission ranges from 30%-50%. You can negotiate with them on enrolling. Apart from the commission, the Sub Brokers can earn extra income by acquiring every client.

Upstox offers competitive charges to the Sub Brokers to motivate them to work hard every month and take back a good amount of money every month.

Unlike other investment plans where you need to pay a significant chunk of money to earn a decent income, Upstox offers a great way to fulfil all your desires.

The Upstox franchise investment or cost starts with no investment. There is no one-time fee required for the Upstox franchise.

The only price that needs to be paid by the Sub Broker is Rs.3,000. The regular office expenses that involve the day-to-day expenditures of the office will range from Rs.30,000 to Rs.60,000.

After all these expenses, the Upstox franchise cost is minimal for the Sub Brokers to start working with them.

You should take care of office expenses and keep them minimal to raise your monthly income. Upstox is one of the finest discount brokers.

Upstox Sub Broker Franchise Profits & Income

Check out Upstox Franchise Profits & Income here.

Suppose you are working with Upstox and helping people buy and sell stocks. You have about 915 clients, of whom only 300 were active.

The average commission earned from every client is Rs.1300, which will be Rs.3,90,000 total brokerage earned.

As the percentage of the commission allotted to you is 40%, your share is Rs.1,56,000. Now, coming to the other part of earnings, the total number of new clients acquired by you for the month is 50.

As the commission for every new client is an average of Rs.300, you can earn Rs.15000. Your total monthly earnings will be Rs.1,71,000.

By deducting the office expenses from the total earnings, i.e., Rs.60,000, the final figure will be Rs.1,11,000.

The net profit margin you earned is 27%. The above calculation for Upstox franchise profit will give you an idea about the money you can make with them.

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This section will discuss the various Upstox Sub Broker offers for you.

To start with, the Sub Brokers need to invest in exchange fees and office set-up, although there is no one-time fee with Upstox.

The Sub Brokership program cannot be enrolled with zero investment. The commission percentage with the broker is at most 50%.

Also, their advisory services are chargeable. The delivery trading is free, but they charge for flat brokerage. You should know that there is no free brokerage for the first month.

And in case you lose while trading, they are chargeable, too. Do make your decision after knowing these credentials about Upstox.

Upstox Authorized Person SWOT Analysis

Here is the detailed SWOT analysis for the Upstox Authorised Person model.

Strength

• There is a one-time or set-up fee with Upstox. So, you can be relaxed about paying money to start working with Upstox.
• More than 3,500 Sub Brokers are working with Upstox and earning a decent monthly income.
• They offer extensive support for new client acquisition and back-office support to their Sub Brokers.
• The Upstox commissions range from 30%-50%, one of the best in the industry. It allows all the Sub Brokers to add to their monthly income and stabilise their career in the financial sector.
• They also help their Sub Brokers by providing detailed product and dealer training. The training program gives the Sub Brokers in-depth knowledge about their offerings.

Weakness

• Upstox does not provide any advisory support, which is necessary for beginners.
• They are not offering insurance, PMS services, or foreign stocks. Many clients who are looking for them will be contacting other brokers.
• They should conduct webinars as they are pretty helpful in triggering the motivation level of the sub-brokers.

Opportunities

• They should update their trading platform options and add upon the Robo advisory platform, foreign stocks, and thematic investment platform.
• Timely upgrading your product deck is also important, as many competitors offer full-fledged product decks to their clientele.
• As many clients are looking to invest in the stock market, the chances of penetrating Upstox are pretty high.

Threats

• You should have a customer base to negotiate a high commission rate with the broker. Try creating a customer base, or else Upstox cannot offer their best commission rates.
• Changing market regulations sometimes does not allow the clients to trust the financial market for investing their money.
• The platform and products you are offering should be as per the market, and their regular upgrade is also recommended.

Upstox offers extensive support to their Sub Brokers. They have appointed a dedicated Relationship Manager for every Sub Broker who can be reached out for any query.

They conduct regular sessions for the dealer and product training to keep their Sub Brokers updated about the current market scenario. Upstox needs to provide advisory as well as webinar support.

They are handling marketing and back office support for the Sub Brokers so that they can work well and contact the dedicated teams if they are stuck somewhere.

These services are beneficial for beginners to establish their businesses. Explore Upstox AP support features to be a successful broker in the industry.

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The Upstox Sub Broker has some particular office requirements to take care of. First, the office space should be 100-200 sq ft, and there should be at least two employees to function correctly.

The other mandatory requirements for the office space are mobile and laptops. It would be better for the Sub Broker office to have a reception, CCTV recording, dealer terminal, etc, facilities, but they are optional.

If the Sub Broker is renting an office, try to have one in a commercial space. It will help your client reach out and take a look at the services you are offering right now.

The above-stated office requirement is compulsory for any Upstox franchise to operate full-fledgedly.

The Upstox Sub Broker dashboard will allow you to lead you to their web platform. The Upstox Sub Broker only offers a web platform to work on.

They still need an app platform for their sub-brokers and are working on it to provide a one-proof solution.

The only viable option is to use the web platform regularly. The dashboard link allows the Sub Broker to login to Upstox.

The Upstox dashboard will help you know about your account and how much money you are making.

These insights will help you evaluate your performance and understand the points you need to strengthen for a consistent income.

Upstox Franchise Login

The Upstox Franchise login will allow you to help yourself with reaching out to the dashboard whenever you need it.

The login details are shared in the confirmation email and need to be saved to use it when required. Subbrokers can log in from any location using these details.

The login details are not allowed to be shared with anyone else. Upstox franchise login is a comprehensive platform for users and will help you monitor your performance and where you are heading.

Upstox Sub Broker backoffice features are one of the best in the industry. They try to assist their people in the best possible way.

Upstox allows the Sub Brokers to download the monthly payout report, client activation report, leads report and portfolio report to have a clear insight into your business.

Upstox will also enable Sub Brokers to add up leads manually and can use links to add up their leaders, but they need to keep or change the info for the tips.

The company also allows brokerage mapping, but the Sub Broker cannot change the brokerage.

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Suppose you are looking forward to being a Sub Broker with Upstox. In that case, you need to fulfil the below-listed criteria:

• The individual should be 21 years old and have completed their primary education, i.e. graduation. They should have basic computer skills.
• The applicant should be an Indian citizen who can communicate appropriately with others.
• The NISM certificate is compulsory for everyone, so before applying for an Upstox Sub Brokership, you should have passed the certificate as you must submit it.

If you meet the above-listed criteria, you must submit documents like a cancelled cheque, duly-signed Sub Broker agreement, identity proof, address proof, PAN card details, etc.

Following the submission, the broker will help you with the further procedure and, on successful execution, will send you the confirmation email.

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Upstox Franchise – Conclusion

Upstox is one of the finest discount brokers, offering multiple opportunities for people who want to make their career in the financial industry.

They have a full-fledged system for working in the market and offer their clients all desired products and services.

The partnership allows the Sub Brokers to enjoy great payouts and will enable them to earn a great monthly income.

Every broker can make Rs.1,11,000 with Upstox’s upskilled support and services.

If you look forward to making your career in finance, the Upstox franchise can help you make that position.

FAQs on Upstox Authorised Person

Here is the list of FAQs related to the Upstox Sub Brokership model:

Does Upstox have a Sub Brokership Model?

The Upstox offers one of the best Sub Brokership models in the market. To date, more than 3,500 Sub Brokers are working with them.

How many franchises does Upstox have?

As of now, Upstox has more than 3500 franchises.

What is the earning potential of Upstox AP?

The earning potential of Upstox AP is about Rs.1,11,000 every month, as their commission rate ranges from 30% to 50%.

How can I Start an Upstox Franchise?

To start working with the Upstox franchise, consider the eligibility criteria. You can click on the tab “Become a Sub Broker” at the bottom of the page to enrol with the company.

A form will open up to fill it out. Once you submit it, you will receive a call from the company executive to guide you further.

Is Upstox Franchise a Profitable Business?

Yes, the Upstox franchise will be profitable as it allows you to earn a profit margin of 27%.

Who are Upstox Sub Broker?

The Upstox Sub Brokers are the people working with them on a commission basis and offering the products and services to their clientele.

What is Upstox Franchise Cost?

To start working with Upstox, the Sub Broker does not need to pay any set-up fee. The only exchange fee of Rs.3,000 and daily office expenses are incurred.

How much is the Upstox Sub Broker Commission?

The Upstox Sub Broker commission is 30% to 50%.

Does the Upstox app get backoffice access?

Yes, Upstox provides their Sub Brokers access to the back office and offers excellent features.

Is Upstox Demat’s Account necessary to become a Sub Broker?

Yes, to enroll as a sub-broker, the applicant should have a demat account.