Religare Broking is one of the renowned partner programs offered to people who want to make their career in the finance industry.

Right now, the organization have more than 450 partners, and the commission earned by them ranges from 30%-40%.

Working with the Religare Broking partner program will allow you to make an average monthly profit of 53,000 INR.

The option is quite lucrative as you do not need to invest even 50,000 INR to start working with Religare Broking.

This article will learn more about the commission, offers, SWOT analysis, and office requirements for the Religare Broking affiliate program.

Type of Broker Full service Broker
Total Partners 450+
Total Investment Rs.9,000 – Rs.39,000
Partners Commission 30% – 40%
Avg. Monthly Profit Approx. Rs.53,000
Breakeven Time Within 1 month
Payout Time 30 days

Religare Broking Partner Program - Types of Business

Partner Program

Yes

Sub Brokership

Yes

Refer and Earn

Yes

Why Partner with Religare Broking?

If you want to enroll with Religare Broking or need clarification, this section will help you decide.

Here are some of the reasons you should remember while applying for the Religare Broking Affiliate Program:

  • To start working with Religare Broking, the initial investment must be made, ranging from 9,0000 INR to 40,000 INR. The partner must pay one-time fees; the rest will be the regular office expenses.
  • Break-even time with Religare Broking is less than a month, meaning you will receive your money back within a month. This is what makes the opportunity one of the best ones to explore.
  • Commission offered by Religare Broking is about 30% to 40%. The partner can even negotiate with the brokerage house for a higher percentage while onboarding. It will give him a good start.
  • The partner receives dedicated support, and there is no downtime with him. Religare Broking provides hand-holding support and ensures every query is handled.

Religare Broking Affiliate Cost or Investment

Security Deposit (One Time)

Rs.5,000

Exchange Charges (One Time)

Rs.4,000

Office Expenses (Monthly)

Zero - Rs.30,000

Suppose you are considering partnering with a firm like Religare Broking. Then you should know about the Religare Boking partner costs to see what you are paying for.

The security deposit is 5,000 INR and is a one-time fee. Another fee, also known as the exchange fee, is 4,000 INR and must be paid only once.

Apart from the above fee structure, the partner had to handle regular office expenses. The expenses can range from zero to 30,000 INR.

If you have your own office, the costs will be relatively high. But if you are going for a rented space, the rate must also be paid from your profit.

So, be sure that you keep track of your office expenses and try to make them as low as possible.

Religare Broking Partner Commission

Revenue Sharing

30% - 40%

Per Client Acquisition

Zero

Another aspect you should know about is the Religare Broking Partner Commission, if you don’t mind. The partner receives a commission from the organization for every sale they make.

With the Religare Broking, a partner’s commission ranges from 30% to 40%. Many companies also provide stipends to the partners for every new client they onboard.

However, Religare Broking does not offer any stipend to their partners. The only way any partner can make money with Religare Broking is by bringing maximum sales for them.


Religare Broking Partner Profits or Income

Check out the Profits and expenses forecast of the Religare Broking Affiliate Program.

Total Clients 560
Active Clients 150
Avg. Commission per Client 1,300
Total Brokerage 1,95,000
Partner’s Share (40%) 78,000
New Client Acquisition 40
Client Acquisition Income 0
Partner’s Income 78,000
Total Expenses 25,000
Partner’s Net Profit 53,000
Net Profit Margin 27%

The Religare Broking Affiliate profits are high. And everyone can make a decent living in a short time. Let’s take a hypothetical example and check the profit earned by any partner.

Let’s say a partner has about 592 clients. Of these, only 150 clients are active, and their average commission is 1300 INR for every client.

The total commission earned by them is 1,95,000 INR. If the partner’s share is about 40%, then the commission earned by the Religare Broking partner is 78,000 INR.

You can deduct the office expenses of 25,000 from your commission now. You will have 53,000 INR as your profit.

The net profit margin here is 27%. The Religare Broking partner can calculate their profit and know how much they earn.

Religare 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

Here are some of the Religare Broking Agent offers for the partners. These offers will give you a recap of what you can expect from the broker.

First, you should know that the partner commission price is consistently above 30%. Also, you must invest some money to start working with Religare Broking.

It would help if you began working with Religare Broking with investing, as fixed and exchange fees are mandatory.

They offer free advisory to all partners, which is very important if you are a newbie in the industry. There is no free delivery trading for partners.

Also, there is no provision for flat brokerage charges, or even if you are making a trade loss, you need to pay the brokerage. Keep these pointers in mind while working with Religare Broking.


Religare Broking Associate Program SWOT Analysis

The SWOT analysis for the Religare Broking Associate Program will help you decide correctly. Please take a look at the detailed analysis here.

Strength

  • Religare Broking offers 30% to 40% of the commission to their partners, one of the best in the industry.
  • The payout time is 30 days. It motivates the partner, as their money is credited to them within 30 days.
  • Their support system is fantastic. The partners can contact their desk or dedicated relationship manager for their issues.
  • The onboarding procedure is simple and streamlined. The applicants receive quick responses, and executives onboard them per the guidelines.
  • Religare Broking has already onboard more than 400 partners; their services are transparent and allow their partners to earn about 53,000 INR every month. Anyone keen to make a career in finance can reach out to the organization and earn a consistent monthly income.

Weakness

  • Limited advisory and marketing support is provided.
  • They should offer IPO and PMS products, as many competitors offer the same.
  • Many competitors do not charge fees upfront. Only the office expenses need to be paid.

Opportunities

  • Young people are taking new steps and investing in stock markets.
  • Webinars are an essential initiative and add to the motivational level of partners.
  • Religare Broking should reach the suburbs to connect with people and make new partners.

Threats

  • International issues can leave a lasting impact on the Indian stock market.
  • New entrants in the industry also lead to the division of clients.
  • Changing government regulations can create issues and halt the company’s expansion.

Religare Broking Affiliate Program - Support

Acquisition Support

Yes, Limited

Products Training

Yes

Webinars

No

Advisory Support

Yes

Backoffice Support

Yes

Marketing Support

Yes, Limited

The Religare Broking affiliate program offers dedicated support to the partner. They provide advisory support and conduct proper product training for them.

Although marketing and acquisition support is provided, it will be limited. Could you speak to Religare Broking before to know their support feature?

The webinars are separate from their current support services. The backoffice support is fully-fledged and provided to them.

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Religare Broking Partner Program - Office Requirement

Area in Sq. Ft.

200 - 300 sq.ft.

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

The Religare Broking Agent allows the partner to have a stable setup for their office.

First, the office area should be 200-300 sq ft. There should be at least two employees working in the office.

The dealer terminal, computer and mobile are mandatory and should be provided in the office. The call recording facility is optional according to the guidelines.

It is good that the partner’s office should have a reception area, CCTV, Manager’s cabin, etc, but it is optional.

The partners need to abide by the essential requirement of Religare Broking for working with them.

Religare Broking Partner Dashboard Link

Web Platform

App Platform

NA

The partners can find the dashboard link in the email sent to the partner. The dashboard link will allow the partner to log in and check their account details.

The account will have all the details regarding the products and procedures for onboarding. The dashboard link allows the Religare Broking to access their account from any location.

You can access the Religare Broking dashboard link and look at your account even if you travel or visit someone.

The reports can be downloaded to know about the performance of every client. It will help the partner to work from any location.


Religare Broking Affiliate Login

The Religare Broking Login allows the partner to access the dashboard whenever they want. The Login details are provided to all the partners in the email.

Save that email in your system; do not share it with anyone. The partner can log in regularly to check their performance and know about product updates.

The login procedure is straightforward; you need your email and password. If your password is compromised, you can reset it as needed.

Religare 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

Having one of the best backoffice is essential for any company to function correctly. Religare Broking’s back office is powerful and acts as their backbone.

With the Religare Broking, the associates can manually add leads or use a link. The partners are also provided with the detailed information for the leads.

But they’ll need to keep it the same according to their requirement. Also, Lead deletion is not allowed with Religare Broking.

The organization enables the partner to download and access the lead reports, client activation reports and monthly payout reports.

However, the partners need help to download the client portfolio report. The Religare Broking partner backoffice features allow them to feel that they are supported and can monitor their performance.

Religare Broking Partner Desk

Call Support

1860-258-8888, 8068713412

Email Support

wecare@religareonline.com

The Religare Broking partner desk is available round the clock. The partner can contact the company executive for assistance and call them at 1860-258-8888 and 8068713412.

They are also available for email at wecare@religareonline.com. The Religare Broking desk provides personalized assistance to the partners.

Religare Broking Remisier Review or Ratings by Finec.in

Overall Rating

8.03 / 10

Commission

8.00 / 10

Investment

8.13 / 10

Breakeven

8.07 / 10

Support

7.99 / 10

Experience

7.97 / 10

Religare Broking Associate Program - Products Offered

Equity

Offered

Derivatives

Offered

Commodity

Offered

Currency

Offered

Mutual Fund

Offered

PMS or PCG

Not offered

IPOs / FPOs / NCDs

Not offered

Foreign Stocks

Offered

Insurance

Offered

Loans

Not offered

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Religare 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 Religare Broking Partner? - Eligibility Criteria

Age

21+

Nationality

Indian

Academic Qualification

Graduate

NISM Certificate

Yes, Compulsory

If you decide to be a Religare Broking partner, you can just consider the company’s eligibility criteria. Here is a quick checklist to review:

  • The Religare Broking partner should be 21.
  • The applicant’s nationality should be Indian.
  • They should have passed the Graduation and NISM exam. A NISM certificate is compulsory to work for the company.

If you are good to go with the above-listed eligibility criteria, you can hit the button “Become a partner” at the bottom of the page.

A form will open up, fill it out, and then click on the submit tab. Just so you know – you will receive a call shortly from the company executive, who will guide you through the onboarding procedure.

Please follow the procedure if you’d like to become a Religare Broking Agent.

The applicant will be asked to submit documents like partner agreement, Identity proof, Address proof, PAN card details, Cancelled cheque, bank account details, etc.

You will receive a confirmation email with the login details for submitting the above-listed documents.

Religare 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


Religare Broking Affiliate Program – Conclusion

Many people want to enter the finance industry. Finding the right partnership program can be challenging at times.

The Religare Broking Affiliate program is a premium program that anyone can follow. Their support system is excellent and offers almost all the products in the industry.

Their comprehensive dashboard is the mirror for the partners, where they can monitor their performance anytime.

If you look forward to joining a partnership program and earning a decent monthly income, check out the Religare Broking affiliate program.


FAQs on Religare Broking Associate Business

Before enrolling for the Religare Broking associate business, people usually have many queries in mind. In the below-listed FAQs, we have tried our best to answer your questions:

Does Religare Broking provide a Partner Program?

Yes, Religare Broking offers a dedicated partner program. The above review states every detail about the program; you can read it if you want to join it.

How many Associate Partners does Religare Broking have?

The Religare Broking associate partner count is more than 400. They are promoting their partner program so that people from every corner of the country can join them and start earning a decent income.

What is the earning potential of Religare Broking Partner?

The earning potential is about 53,000 INR for every month. As a partner, you can make money through the Religare Broking commission only.

How can I become a Religare Broking Associate Partner?

Suppose you want to join Religare Broking as an associate partner. Then, you need to know the eligibility criteria of the organization.

If you qualify for the same, you can start with the further procedure of conversing with their executive and submitting the documents.

The onboarding procedure of Religare Broking is quick, and you will not face any issues with them.

Who are Religare Broking Agents?

The Religare Broking agents are the partners who earn commission from the brokerage house for promoting their services in the market.

The agents are provided with all the necessary support to work without issues.

How Much is Religare Broking Affiliate Cost?

The Religare Broking affiliate costs about 5,0000 INR, and for the exchange fees, the partner needs to pay 4,000 INR. The best part is that these are one-time fees only.

In addition to the abovementioned costs, the partner must arrange the office expenses, which can go up to 30,000 INR monthly.

What is the Religare Broking Associates Commission?

The Religare Broking associate earns a 30% to 40% commission.

Do Religare Broking Agents get backoffice access?

Yes, Religare Broking agents have access to the back-office features. They can access their leads and generate reports to monitor their performance.

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

Yes, if you need to partner with Religare Broking, you should have a Demat account.

How do you connect with the Religare Broking Partner Desk?

To connect with the Religare Broking partner desk, you can call them at 1860-258-8888 or 8068713412 or send an email to wecare@religareonline.com.


 

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