Choice Broking, a SEBI-registered company, offers exciting deals to its partners. The Choice Broking Partner program has gained popularity in recent years.

The company is a full-service Broker with more than 250 partners. A Choice Broking Affiliate Partner can earn 30-40% profit each month.

This profit margin is higher than many other partner programs can offer. The additional benefits provided by the company can help partners increase their earnings.

In this review, we discuss the details of the Choice Broking Partnership program. Keep reading to learn the details of Partner Investment, Commission, Estimated Monthly Profits, Office Space Requirements, etc.

This could be a good option if you want to make a career in the financial sector.

Type of Broker Full service Broker
Total Partners 250+
Total Investment Rs.3,000 – Rs.33,000
Partners Commission Flat 50%
Avg. Monthly Profit Approx. Rs.56,200
Breakeven Time Within 1 month
Payout Time 30 days

Choice Broking Partner Program - Types of Business

Partner Program

Yes

Sub Brokership

Yes

Refer and Earn

Yes

Why Partner with Choice Broking?

Joining the Choice Broking Affiliate program can help you earn a lot. You can do that without making a significant investment.

Here are the benefits you will receive if you join the Choice Broking partnership program:

  • Partners can make a monthly profit of Rs.56,200. The Payout Time is just 30 days, so there is no need to worry about payment delays.
  • Partners receive a flat 50% commission. This number is higher than other partnership program commissions.
  • The company offers multiple types of trading options. It is easy to convince your clients to invest in one of them because of many options.
  • Equity, Derivatives, Commodity, Currency, and Mutual Fund investment options are very popular among investors. You can profit from making clients invest in these.
  • Technologically advanced trading platforms and dashboard access make the work easy. You can access your client profiles and other details whenever you wish.
  • You can apply for Choice Broking Dealership online to save time and money. The dealership approval process doesn’t take much time. The company processes partnership applications quickly.
  • Sub Brokership and Refer and Earn options are also available with the partner program.

Choice Broking Affiliate Cost or Investment

Security Deposit (One Time)

Zero

Exchange Charges (One Time)

Rs.3,000

Office Expenses (Monthly)

Zero - Rs.30,000

Learn about Choice Broking Partner Costs and other related details to make an informed decision. Joining the partnership program without knowing these details can make you disappointed.

No Security Deposit is necessary. This beneficial factor is highly unusual in the financial market. Most companies charge a one-time deposit.

A partner must pay a deficient exchange charge of Rs.3,000. This is a one-time fee. This amount is so little that paying it won’t be a headache.

You have to spend some money on office costs, but this expense is flexible. The partners can pay anything between zero to Rs.30,000. This expense depends on the facilities and size of the office.

Overall, becoming a partner won’t empty your pocket. These are small investments, considering the money you would earn.

Choice Broking Partner Commission

Revenue Sharing

Flat 50%

Per Client Acquisition

Zero

People join this partnership program because of the attractive Choice Broking Partner Commission.

You might earn 50% of the revenue generated. The more clients you have, the higher your profit. When the company makes large profits, your commission percentage helps you earn more.

One thing we should mention is that there are no Client Acquisition fees. It means you won’t receive any money just for enlisting clients. The clients need to invest first for you to receive commissions.

Whether you are an expert dealer or a beginner, joining this company is a great opportunity. The money you receive from commissions is attractive and will only increase over time.


Choice Broking Partner Profits or Income

Check out Profits & Expenses forecast of Choice Broking Affiliate Program.

Total Clients 560
Active Clients 145
Avg. Commission per Client 1,120
Total Brokerage 1,62,400
Partner’s Share (50%) 81,200
New Client Acquisition 40
Client Acquisition Income 0
Partner’s Income 81,200
Total Expenses 25,000
Partner’s Net Profit 56,200
Net Profit Margin 35%

To know the average earnings from Choice Broking Associate Profits, check all the details below.

The company has 900 Total Clients, a respectable number. The Active Clients number is just 145, but it is increasing.

The Average Commission per Client of Choice Broking is Rs.1,120. It means the 145 active clients make Rs.1,62,400 as Total Brokerage.

We already know the partner commission of the company is a flat 50%. In this case, you will earn Rs.81,200 from commissions.

Since there is no Client Acquisition Income, you will receive no extra money from new clients, unlike many other companies.

Let’s say your Total Monthly Expenses are Rs.25,000. You will have Rs.56,200 as your Net Profit. The Net Profit Margin for you is 35%.

Choice Broking Partner Offers

Commission above 30%

Yes

Zero Investment

No

Free Advisory

Yes

Free Delivery Trading

No

Flat Brokerage Charges

No

1st Month Free Brokerage

No

Zero Brokerage on Loss Making Trades

No

When it comes to the Choice Broking Agent Offers, they are imposing. A 30% or more commission for the agents is the most beneficial.

The company also provides Free Advisory services to the new partners. Unfortunately, they don’t offer Zero Investment or 1st Month Free Brokerage options. Free Delivery Trading services are also not provided by Choice Broking.

Some companies offer Flat Brokerage Charges or Zero Brokerage on Loss Making Trades, but Choice Broking does not.

This is a drawback because many new partners prefer a Flat Brokerage Charge.


Choice Broking Partner SWOT Analysis

This detailed SWOT analysis will help you understand the benefits of becoming a partner. Choice Broking Partner Program seems profitable, but are there any risks involved?

Read on to find out the details of the strengths, weaknesses, opportunities, and threats of the company and its affiliate program.

Strength

  • The Flat 50% Partner Commission is the most attractive deal for any new agent. There are more than 250 agents who are benefitting from this commission percentage.
  • Choice Broking offers three partner programs: the regular Partner Program, Sub Brokership, and Refer and Earn. New and experienced agents can find the best partnership option from these three.
  • The company has a zero-security deposit policy. It means new agents can skip investing anything to join the partnership program. This is an alluring factor for many interested people.
  • Partners receive assistance from the company. Acquisition Support, Products Training, and Advisory Support can help new agents get better at the job. It is possible to earn more when extra help is provided by the company freely.
  • Choice Broking offers multiple types of products, including Equity and Derivatives. You will also get the options of Commodity, Currency, and Mutual Fund, some of the most popular products among clients.

Weakness

  • Sometimes, getting in touch with the company support helpline is hard. The company is expanding its support department, but more is needed.
  • Since there are no Flat Brokerage Charges, some partners may not be able to earn a high profit.
  • The monthly office spending can be as high as Rs.30,000, a considerable sum for many people. It may be better for new traders to spend that much on office expenses.

Opportunities

  • The Indian financial market is growing constantly. When the market is stable, the opportunity to earn money increases.
  • Technological advancements in the financial sector are helping more people to enter this field. People with relatively little financial knowledge can try a partnership program now because of easy accessibility.
  • In recent years, Choice Broking has increased its market share. If the company keeps growing at the current rate, the partners will be able to benefit from that.

Threat

  • The financial industry can become unstable because of international events. During any irregular period, partners may lose income.
  • The Indian financial companies constantly face huge competition. Investors have so many options that they may leave at the slightest inconvenience.
  • Financial regulations can slow down a company’s growth and restrict its operations.

Choice Broking Affiliate Program - Support

Acquisition Support

Yes, Limited

Products Training

Yes

Webinars

No

Advisory Support

Yes

Backoffice Support

Yes

Marketing Support

Yes, Limited

New partners can significantly benefit from the free support provided by the company. However, that doesn’t mean experienced agents do not require it.

Choice Broking Affiliate Support is available for both new and professional partners.

The company offers Acquisition Support, but it is limited. However, partners can use free product training whenever needed.

Choice Broking doesn’t offer Webinars, a potential drawback the company should remedy. Advisory Support is available for all, and agents also get Backoffice Support.

Free Marketing Support is offered to the partners, but this option is also limited.

Check out Business Opportunities with Similar Brands

Choice Broking Partner Program - Office Requirement

Area in Sq. Ft.

None - WFH

No. of Employees

Atleast 2 (Optional)

Dealer Terminal

Mandatory

Mobile or Telephones

Mandatory

Call Recording

Optional

Laptops or Computers

Mandatory

CCTV

Not mandatory

Reception

Not mandatory

Managers Cabin

Not mandatory

We have already mentioned that you won’t have to invest anything to become a Choice Broking Agent.

However, partners pay a monthly charge for office requirements. Depending on the office’s facilities, this charge varies between zero to Rs.30,000.

Choice Broking is very flexible regarding office space selections and requirements.

You can rent a place of any size, but the company won’t object. You can have employees to run the office, but it is not mandatory.

A partner must have a Dealer Terminal in the office. Valid phone connection and access to computers/laptops are necessary.

You can consider a Call Recording service, but it is optional. You won’t need to install a CCTV or select a Reception space as these are also optional.

Choice Broking Partner Dashboard Link

Web Platform

App Platform

NA

Choice Broking doesn’t offer any app dashboard options to the partners. However, all agents get full access to a Choice Broking Partner Dashboard.

You need to use a web platform to use the dashboard. Click on this link provided above, and it will give you dashboard access.

You can see the details of your partnership program in the dashboard. Check on the client profiles, commission details, and net profits through your personalized dashboard at any moment.

A partner needs valid login information to access the dashboard because it contains sensitive data.


Choice Broking Affiliate Login

A partner receives the Choice Broking Affiliate Login information when they join the company. Partners must use their registered email address and mobile number to log in.

Check the company reports regularly to make sure you don’t miss anything. Keep updated on free product training sessions and other training services.

It is necessary to remain up to date to attract new clients in this competitive financial market.

Choice Broking Associate Backoffice - Features

Lead Addition Link

Yes

Manual Lead Addition

Yes

Lead Stage Info

Yes

Lead Info Backend Change

No

Lead Deletion

No

Leads Report

Yes

Clients Activation Report

Yes

Clients Portfolio Report

No

Monthly Payout Report

Yes

Choice Broking Partner Backoffice features help you manage your client base. Let’s discuss which link does what and how to use them.

The company offers a Lead Addition Link. You may add new leads or potential clients to your account by clicking this link. Choice Broking offers Manual Lead Addition service as well.

The Lead Stage Info will help determine when a lead is ready to invest and become an active client. The company doesn’t offer Lead Info Backend Change.

Choice Broking provides a Leads Report but no Lead Deletion option. Leads Report can be used to see all the information of your leads.

These reports make examining all the crucial details About potential clients more accessible. The parties will help you understand your lead-generation activities.

In the Clients Activation Report, you can check a client’s activities after they sign up with you. Always remain updated on this report since it will help you understand how your clients want to invest.

The company doesn’t offer any Clients Portfolio Reports to the partners. Check the Monthly Payout Report to see your personal profit and commission information.

Choice Broking Partner Desk

Call Support

022-67079999

Email Support

customercare@choiceindia.com

For any help, any agent can reach the Choice Broking Partner Desk. You can call 022-67079999 or email customercare@choiceindia.com if you are dealing with any problem.

The company reacts quickly to its partners’ inquiries. If you face technological issues with your dashboard, the company will take care of it immediately.

Sometimes, partners must contact the company about new products or client requirements. Choice Broking always welcomes such queries and helps its agents as swiftly as possible.

Choice Broking Remisier Review or Ratings by Finec.in

Overall Rating

8.53 / 10

Commission

8.49 / 10

Investment

8.63 / 10

Breakeven

8.56 / 10

Support

8.48 / 10

Experience

8.46 / 10

Choice Broking Associate Program - Products Offered

Equity

Offered

Derivatives

Offered

Commodity

Offered

Currency

Offered

Mutual Fund

Offered

PMS or PCG

Not offered

IPOs / FPOs / NCDs

Offered

Foreign Stocks

Not offered

Insurance

Not offered

Loans

Not offered

Check out Business Opportunities with Similar Brands

Choice Broking Affiliate Program - Trading Platforms Offered

Trading App

Yes

Web Trading Platform

Yes

Trading Terminal

Yes

Algo Trading Platform

No

Robo Advisory Platform

No

Thematic Investment Platform

No

Foreign Stocks Investment Platform

No

Backoffice Platfrom

Yes

How to Become a Choice Broking Partner? - Eligibility Criteria

Age

21+

Nationality

Indian

Academic Qualification

Graduate

NISM Certificate

Yes, Compulsory

To become a Choice Broking partner can be profitable for you. With its high commissions and multiple products, the company gives a great chance to earn money.

However, one must fulfil specific requirements to become a Choice Broking Agent.

Eligibility Criteria

  • You must be an Indian citizen.
  • The minimum age requirement is 21 years.
  • The minimum Academic Qualification is graduation in any subject.
  • You must have a NISM (National Institute of Securities Markets) Certificate.

If you pass the eligibility criteria, it’s time to apply for the partnership. You need to provide the necessary documents for a successful application.

All applicants must provide a PAN number, Identity Proof (Aadhar), and Address Proof (Aadhaar / Rental Agreement).

The company also requires a Partner Agreement, Passport Size Photo, Bank Account Details, and a Bank Canceled Cheque to enrol you as a partner.

Choice Broking Dealership - Documents Required

Partner Agreement

Mandatory

Identity Proof - Aadhaar

Mandatory

Address Proof - Aadhaar / Rental Agreement

Mandatory

PAN

Mandatory

Passport Size Photo

Mandatory

Bank Account Details

Mandatory

Bank Cancelled Cheque

Mandatory


Choice Broking Affiliate Program – Conclusion

An affiliate partner program is an attractive option for anyone earning money from the financial market. The most valuable aspect of becoming a Choice Broking partner is its flat 50% commissions.

You must pay only Rs.3000 when joining the company as a partner. Because of these two hugely popular options, the company currently has more than 250 partners.

Its agents make an average monthly profit of Rs.50,000, a perfect number in the affiliate program market.

If you, too, wish to earn that money every month, apply for the Choice Broking Affiliate Program today!


FAQs on Choice Broking Associate Business

Here are the frequently asked questions about the Choice Broking Affiliate Program.

Does Choice Broking provide a Partner Program?

Yes, Choice Broking has a partner program. The company offers flat 50% commissions to its partners.

How many Associate Partners does Choice Broking have?

The company currently has more than 250 partners. The number is constantly growing because of the earning opportunity the company offers its agents.

What is the earning potential of a Choice Broking Partner?

Choice Broking partners have great earning potential as the company offers a 50% commission. The partners make a monthly profit of about Rs.56,200 on average.

How can I become a Choice Broking Associate Partner?

Becoming a Choice Broking Associate Partner is easy. If you must fulfil the eligibility criteria, visit the website and apply for a partnership.

You must upload the necessary documents when using the partnership program.

Who are Choice Broking Agents?

Choice Broking agents are registered partners of this Full-service Broker. To become an agent, you pass the eligibility criteria and successfully apply for a partnership program.

How much is the Choice Broking Affiliate Cost?

To become a Choice Broking affiliate, you invest between Rs.3,000 – Rs.33,000.

What is the Choice Broking Associates Commission?

Choice Broking offers a flat 50% associate commission to its agents.

Do Choice Broking Agents get backoffice access?

Yes, backoffice access is available for all Choice Broking partners.

Is a Choice Broking Demat Account necessary to become a Partner?

Yes, it is necessary to have a Demat account to become a Choice Broking partner.

How do you connect with the Choice Broking Partner Desk?

You can call 022-67079999 or email customercare@choiceindia.com to reach the Choice Broking partner desk for support.


 

Customer ratings and reviews of Choice Broking Partner

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