Fisdom Partner or Affiliate Program – Income, Cost, Commission, Returns & more

Fisdom is a renowned discount broker with more than 250 agents working with them. The Fisdom partner program offers a flat 50% commission to all agents.

Every agent has the opportunity to earn a decent income every month. The Fisdom Affiliate program is one of the dedicated programs created for agents who want to join the finance industry and make their careers.

It allows the agents to join Fisdom and work with them. In this article, we will learn everything about this partner program, including commission structure, offers, Back office features, eligibility criteria, etc.

Why partner with Fisdom?

Being one of the discount brokers, Fisdom offers one of the premium partner programs for the agents. Here are some reasons you should know about the Fisdom affiliate program:

• The commission offered by the Fisdom partner program is flat 50% for all agents. It is an excellent initiative as there is no scope for negotiation for the agent.
• The total investment required to start working with the Fisdom is about 33,000 INR. You can start making decent money by investing less than 50,000 INR, like 46,975 INR, monthly. Undoubtedly, it is an excellent opportunity to explore and encash it.
• Fisdom has a full-fledged product deck for its partners. They offer equity, derivatives, commodities, mutual funds, IPOs, etc., allowing the partners to come forward and sell their products and services in the market.
• A shorter payout period allows them to enjoy their salaries every 30 days.

Fisdom partner cost has three components, i.e. Fixed fees, exchange fees and office expenses.

The fixed fees with Fisdom are zero, and the partner does not need to pay any upfront fee to work with them. The exchange fee is about 3,000 INR, which must be paid once.

Regular office expenses can go upto 30,000 INR. This expense needs to be taken care of every month. Try to keep it as low as possible to increase the monthly earnings.

Fisdom partner commission is 50%. Also, every partner receives a commission for acquiring any new clients.

The commission for developing every new client is 200 INR. It is another way to earn money with them. Many partners are making huge money with them.

Please Note the commission structure before you start working with them.

Fisdom Partner Profits or Income

Check out Profits & Expenses forecast of Fisdom Affiliate Program.

Every agent should know about Fisdom associate profits before registering with them.

In this section, we will take a hypothetical situation to help you learn about the profits any partner can make with Fisdom.

Let’s see if you have a total of 685 clients. From which the active ones are 185. The commission earned is 670 INR from every active client.

Now, your total commission will be 1,23,950 INR. As the partner share is flat 50%, the commission you will be able to receive is 61,975 INR.

If you have 25 clients and as per the commission for new client acquisition, you will receive 200 INR each, then the total income earned from this source will be 5,000 INR.

The total income earned from both sources is 66,975 INR. If your total expenses are 20,000 INR, deducting it from the full commission earned, you can make about 46,975 INR.

Your net profit margin is about 38%.

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In this article section, we will quickly review the Fisdom agent offers for their agents. First, the brokerage house provides a commission rate of more than 30% for every agent.

No agent can begin working with them on zero investment. They do not provide free advisory services, and delivery trading is chargeable.

They offer flat brokerage charges, but even for the first month, free brokerage is not provided to the agents. This is a quick review of the Fisdom partner offers for the agents.

Fisdom Associate Program SWOT Analysis

To know about any partner, the SWOT analysis is essential to learn about the broker. In this section, we will learn about the Fisdom Associate program. We are listing a detailed SWOT analysis here:

Strength

• The breakeven period for the Fisdom is just 30 days. The partner can start making profits from the first month itself.
• The company offers two modes to earn money. First is the conventional mode of commission earned for every sale. The second one is the money earned for every client acquisition.
• The organization charges no security fees. The agent only needs to pay exchange fees (one-time) and for regular office expenses.
• The back office support from the company is fantastic as it allows the broker to focus on their work.
• All agents can contact the broker through their desk by calling them or sending emails for their concerns. Their team is ready to help them and send a reply within the stipulated period.

Weakness

• No advisory support was provided.
• The company needs a bigger budget to spend on marketing activities. This is the reason why Fisdom is not very popular in the market.
• No webinars are conducted.

Opportunities

• There needs to be more than the product deck offered. The brokerage house should include PMS, foreign stocks, etc., so no client leaves the company without registering.
• Not all trading platforms, like Algo, Thematic, Foreign stocks, etc, are provided by the company.
• Also, they need to provide their agents with a free delivery trading facility.

Threat

• Many competitors offer better dashboards and platforms for trading and onboarding clients.
• Due to the unstable stock market, people hesitate to invest their hard-core money in the financial sector.
• With technology playing a crucial role in the partner program, the program faces substantial risks from cybersecurity threats like data breaches and unauthorized access.

Like every other facility, the Fisdom affiliate program offers a robust support system for its agents. They provide acquisition support to their agents.

They provide regular product training to inform the agents about their recent offerings. If there is any amendment in any of the products, they are notified via training only.

Also, the brokerage house offers marketing and back-office support to the partners to assist them in their daily activities. Right now, they are not providing any advisory support to the agents.

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Once you have joined the Fisdom partner program, you should know the rules and regulations for setting up their office.

Partners are allowed to work from their homes, too. It is optional to have an office. Fisdom is flexible in its criteria.

The usage of mobile phones and computers is mandatory for the partners. Also, the other particulars like dealer terminal, call recording, reception area, etc., are optional.

Also, the company allows the agent to have two employees to help them, but it’s not a compulsory requirement.

A Fisdom agents office can be managed as per their requirements, as the company offers a lot of flexibility for them.

Gain access to and manage your account effortlessly through the Fisdom Partner dashboard link, presented in URL format.

Save this link on your system for convenient and periodic account monitoring. To log in and utilize your account, input your login details into the required fields of the dashboard link.

This user-friendly interface allows partners to monitor daily activities such as brokerage, client status, lead details, etc.

Your login page is just a few clicks away once you access your dedicated dashboard link.

Fisdom Affiliate Login

All partners receive confidential login details, which must not be shared with anyone else, as they grant access to the dashboard.

Fisdom affiliate login credentials are communicated through the confirmation email. Partners can log in from any location and access their dashboard based on their specific requirements.

Typically shared on the partner’s registered email ID, saving these login details in your system for seamless and hassle-free access whenever needed is advised.

Back-office support is significant for any agent. The team is the one that helps the partner work full-fledged on the front while they handle all the operations.

The Fisdom partner back office features allow the agents to add up the leads via a link provided to them. However, they cannot add any leads manually on the dashboard.

The agent provides the information for every lead, but they cannot change it or delete it.

The company also allows the agents to download various reports like lead reports, payout reports, and client activation reports.

This report helps the partners evaluate their performance and perform better every month.

The Fisdom partner desk allows all agents to contact them directly. They can be reached out on call or by writing emails to them.

The partner can call them at 9642596425, and if they wish to report their problem, [email protected] is their contact email address.

All against can make a note of it and can reach them out whenever required.

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You should know their eligibility criteria to become a partner of Fisdom. We are listing the eligibility criteria for the discount broker. Have a look:

• The participant should be at least 21 years old.
• A NISM certificate is compulsory. The applicant needs to submit an NISM certificate with a pass status.
• Also, their nationality should be Indian, and they should have passed their graduation.

If you can fulfil the above-listed criteria, you’re eligible to joinFisdom as one of their dedicated partners. Now, you can hit the “Become a Partner” at the bottom of the webpage.

On clicking it, a form will open, fill it out and submit it. Once you submit, you will receive a call from the company executive.

They will help you with further procedures. There are some documents that you need to offer to confirm your account.

Documents like partner agreement, bank account details, cancelled cheque, Identity proof, address proof and passport-size photos are required.

You need to keep these documents handy to be a partner and start working with them.

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Fisdom Affiliate Program: Conclusion

This article touches every corner of the Fisdom affiliate program. Their partner program has already received more than seven ratings in all the sections.

The commission structure is one of the best and highest in the industry. Any agent contacting the brokerage house can earn a great income from the first month.

Payout period is 30 days, too. You can receive your commission in your account immediately. Fisdom partner program is one of the best, and their team is trying to make it best for the partner.

If you are keen to make your career in the finance industry, the program is easy to take advantage of.

FAQs on Fisdom Associate Business

Below are the FAQS related to the Fisdom Partner program.

Does Fisdom have a partner program?

Yes, Fisdom offers a dedicated partner program for people reaching out to sell their products and services.

They train their agents and make them aware of their schedule for working with the company.

How many Associate Partners does Fisdom have right now?

Right now, Fisdom has more than 250 against working with them.

What is Fisdom’s earning potential?

The earning potential with Fisdom associate partner is 46,972 INR.

How can I become a Fisdom Associate partner?

The article states the eligibility criteria for the Fisdom associate partner. Look at it and then check the documents required to start working with Fisdom.

Who are the Fisdom Agents?

Fisdom agents work with the brokerage house and present the company’s products and services to their clientele.

What is the cost of a Fisdom affiliate?

The one-time security fee is zero with the Fisdom affiliate. The agents need to pay the exchange fee of 3,00 INR. Apart from this fee, only the daily office expenses are there.

What is the Fisdom Associates Commission?

The commission earned by every agent is about 50%. We offer every agent a flat commission of 50%, and we do not entertain further negotiations.

Can Fisdom Agents get back-office access?

Yes, all partners receive back-office access from Fisdom. They provide all agents with the best features to operate efficiently.

Is the Fisdom Demat account required to become a DRA?

To become a DRA with Fisdom, a Demat account is a necessity.

How can I connect with the Fisdom Partner Desk?

Fisdom provides call as well as email support to their partner. The partners can contact them by phone at 9642596425 or email them at [email protected].