Know everything about Fyers Franchise here. Whether you are seasoned pros or just starting, Fyers has become one of the top choices for most traders.
With a history of providing trading and investment services to over four lakh users, the brand is giving evidence of its surging demand in today’s fast-paced markets.
And when a reputed stock trading franchise comes with a well-established profile, you should look no further.
It would help if you considered taking a Fyers Sub Brokership, making it easier to attract clients with its rising popularity.
And what benefits do you get as a Fyers partner, what revenue do you generate, or what are the overall expenses of getting a franchise?
We have it discussed in brief in this guide. Take a look to learn more.
Fyers Franchise Business Opportunity - Snapshot
Line of Business
Unit / Shop Area
Commission% / Revenue Sharing
Fyers Sub Broker or Franchise Review & Ratings
Franchise Fee & Infra Investment
Support & Training
Overview of Fyers Sub Broker Franchise
Line of Business
Founded In (year)
No. of Franchise Outlets
Master Franchise Model
Business Set-Up Time
Franchise Commencement Year
Incorporated in 2015, Fyers is an emerging brand in the trading and investment market.
With a daily turnover of Rs 15,000 crore, the brand is heading towards becoming a big corporation in the upcoming years.
As a Fyers sub broker, you will also have some excellent opportunities to capture. And the best thing is, the conditions for becoming a Fyers franchise partner are also minimal.
But your marketing skills and how you convince clients to use Fyer’s services will chiefly influence the income potential.
Simply put, Fyers is known for its trading services, including mobile trading services, desktop trading services, IPO investment, gold bonds, and many other exciting financial services that are also available and that you can promote to the customer.
And why will you do this? Attractive payouts are the reason.
Fyers Franchise – Business Models
Fyers provide 2 business models to its partners.
|Business Model||Revenue Sharing|
|Partner Program||40% to 50%|
|Referral Program||Flat 20%|
Fyers Partner Model
Step forward if you have decided to become one of Fyers Partners. The broker offers an integrated partner program that lets you integrate Fyer’s services into your business models.
Fyers provides a range of services to its customers, including low brokerage rates, advanced trading tools, and a user-friendly interface that you can promote to your network.
The program is a win-win for both the partner and the referred customer.
The partner gets rewarded for bringing in new business, and the referred customer benefits from the top-notch trading platform and services offered by Fyers.
Fyers Referral Program
The Refer and Earn program is a rewarding side hustle for everyone searching for a zero-investment opportunity.
The referral process is straightforward to follow. A partner shares a referral link or code with their contacts, inviting them to try the product or service offered by Fyers.
As they purchase using the link, a reward is secured by the partner for themselves. Refer-and-earn programs are beneficial for both the company and the partners.
Companies can expand their customer base through word-of-mouth marketing, while customers receive incentives for sharing their positive experiences.
Additionally, the program helps to build customer loyalty and trust while partners extract income from the Fyers refer and earn program.
Fyers Franchise Investment & Fees
Interestingly, you don’t pay a single penny to become a Fyers franchise partner.
The broker runs two programs: “the integrated partner program” and “refer and earn,” Neither program asks you to submit a hefty joining fee or pay upfront charges.
In the market, where most broking platforms demand a big upfront charge from partners, no such issues have been found with Fyers franchise cost because it doesn’t exist.
You will need to pass the essential eligibility criteria, and then you will be all set to roll out a business plan with Fyers.
Fyers Sub Broker Commission / Revenue Sharing / Royalty
Stock Broker Commission
Stock Broker Commission
Here enters the most vital topic of the full review of Fyers’s brokerage platform. You don’t need extensive investment capital to kick-start a partnership with the broker.
With minimal to no investment, you can earn between 40% and 50% commission generated by clients, you send to the broking platform.
Fyers partner commission can go up and down as it mainly depends on the progression of a partner.
Similarly, the commission in the referral program sits at 20% of brokerage generated by clients.
The commission is extracted from the total revenue generated per client you send to the broking platform.
Fyers Business Partner ROI Details
Fyers sub broker returns are attractive enough that knowing the date by which the broker releases payment is quite apparent.
However, the exact date has yet to be specified. But the broker has claimed to have generated ROI details within a month.
You can withdraw your money on any specific date within a month.
Fyers Partner Profits & Expenses Calculation
|No. of Active Clients||160|
|Daily Trades per Clients||3|
|Brokerage per Trade||20|
|Trading Days in 1 Month||15|
|Total Brokerage Revenue||1,44,000|
|Partner’s Share (50%)||72,000|
|1 Telecaller Cost||12,000|
|(Revenue – Expenses)||55,000|
It comes as no surprise that Fyer’s partner profits are subject to change from time to time. However, the profitability of any partnership program tends to vary.
Eliminate all expenses from the total revenue you generate from the partnership program, and you will obtain the profit margin.
But ensure you have noted all costs and left no point unmarked. Telemarketing and miscellaneous expenses are the two most common in the partner program.
Conversely, all digital advertising and promotional material are major expense areas for the referral program. But if you have an organic customer base, expect maximum profits.
Master Franchise of Fyers - Information
Commission% / Revenue Sharing
Fyers Franchise Infrastructure Requirement
Shop / Unit Area
Research / Advisory
Trading Terminals Set-up
Computer / Internet Connectivity
Almost every franchise program comes with an investment requirement, and most of this requirement goes toward the infrastructure setup.
But when it comes to the Fyers franchise, no need for such infrastructure investment capital should be realized.
The broker doesn’t ask you to spend much on infrastructure setup because operations are handled digitally.
However, the subject excludes investment in digital infrastructure because you will exclusively decide on that investment.
Such as, the investment will count website setup, digital portfolio setup, campaign creation, and so on.
Check out Business Opportunities with Similar Brands
Support Provided by Fyers Partner Program
Client Interaction Training
Relationship Manager Support
Business Management Software
Support is one of the only sources by which a broker preserves the professional ecosystem of its partnership programs.
The mainstream support systems provided by Fyers, a sub-broker, include back-office support and marketing support.
Additionally, client interaction training, service pricing facilities, business management software, a training manual, and an operation manual are provided.
However, no advisory, website, or relationship manager support is provided, which you may call a significant downside of the partnership program by Fyers.
But the overall support facilities are top-notch. The back-end support team is responsive and friendly.
Franchise of Fyers - Marketing Support
Unit Interior & Exterior Ads
After convincing customers to trade services, Fyers will not delegate the task to a franchise partner. Instead, the company will try to assist its partners across its marketing network.
As a Fyers authorized person, you will be supported by the brand through unit interior and exterior ads, which you can place on your online portfolio or website.
These interactive ad panels raise the chances of getting more clicks into a business online. Apart from these, this is the only marketing support the broker has offered so far.
However, exclusive offers from Fyers might help brighten your marketing campaign.
Training provided by Fyers Sub Brokership
Product Information Training
Beyond a doubt, to most folks, using Fyers affiliate partner programs would be unique because everyone isn’t used to it.
Therefore, training assistance is also issued by the broking platform, which covers client interaction training, back office support, support through business management software, an operational manual, and a training manual.
But the most notable is product information training, which will guide you on the main products you will promote to your customers.
However, the range of support is limited compared to other platforms.
Fyers Authorised Person - Products Offered
3 in 1 Acount
Exposure or Limit
Web Trading Platform
Algo Trading Platform
Breaking down another exciting aspect of Fyers, its products.
As a Fyers franchisee, you are mainly exposed to equity trading, commodity trading, currency trading, futures trading, and options trading services.
Since the broker also provides mutual fund services, you can promote MFs to your customers.
Moreover, mobile trading and desktop trading services are also available, which you can upgrade for your clients.
Check out Business Opportunities with Similar Brands
Franchise for Fyers - Revenue per Customer
Franchisee Qualification required by Fyers & Milk Franchise
Documents Required to Start Fyers Sub Broker Program
Proprietor Aadhaar Copy
Proprietor / Business PAN Copy
Business TAN Copy
GST Registration Certificate
Proprietor / Business Address Proof
Unit / Shop Address Proof
NOC of Unit / Shop
Fyers Partner or Affiliate Dashboard
Check out Fyers Affiliate Dashboard here.
Through the Fyers partner dashboard, you can have multiple items accessible on your dashboard.
The information may cover the number of clients you have sent to the broker and the total revenue generated by the broker or sub-broker through these clients.
Partner’s progress can be displayed in a big picture on this dashboard.
If you encounter an issue or are confused about any segment, check out the dashboard, which will portray all concerns in statistical and graphical format.
Alternatively, you can contact the team, as technical issues can arise.
Fyers Franchise Login
The Fyers franchisee login process starts with a simple email ID and phone number sharing process.
Aspiring franchise partners give brokers the required login details. Simultaneously, later they can use this detail to re-login into their account to check their progress as a franchise partner.
However, the process may entail other documents apart from the standard ones.
Fyers Sub Broker Benefits
Given below is a quick summary of Fyers Sub Broker Benefits that you, as a franchise partner, will receive from Fyers:
- The broking platform has been trusted as a well-established firm since 2015.
- Attractive 20%- 50% commissions
- Dedicated support facility
- Discounted broking platform
- Offers exclusively to partners
- Integrated partner program
- Interactive dashboard
- Wide range of products offered
- Free to join
- No investment capital is required.
Fyers Franchise Drawbacks
After covering the significant benefits of acquiring a Fyers franchise, it’s time to look at the Fyers franchise drawbacks because, unfortunately, they exist here as well.
- Comparatively limited support
- Only one marketing support
- Decent commission
- Limited offers
Fyers Partner Program – Conclusion
So, you have finally come across the Fyers Partner Program and must be convinced to start working as a promoter of the Fyers broking platform.
After all, it will attract attractive commissions and a quality return on investment from 40% to 50% per client.
Still, evaluate all drawbacks and benefits to ensure clarity linked to the business model in the future.
The broker offers a Refer and Earn program and a partnership program, and you can consider the best option per your unique needs.
FAQs on the Fyers Franchise Business
Check out various FAQs on Fyers Affiliate Partner here.
Does Fyers have an authorized person?
Yes, Fyers has a 300+ person network of authorized individuals that work as promoters of the online stock broking platform.
You can also become an authorized partner, earning you an attractive commission in return.
How many affiliate partners does Fyers have?
Fyers has over 300 franchise partners in its network. However, this is just a known figure. The network is growing as more people show interest in the Fyers franchise program.
Who are the Fyers Referral Agents?
Fyers’ referral agents are those people who act as marketers or promoters of Fyers’ products.
These agents convert their community members into Fyers’ customers through a unique link that they receive from the brand.
How can I become a Fyers Associate Partner?
You can become a Fyers-associated partner by passing the simple sign-up and login criteria.
Submit your login details and the needed documents, and you will be approved as a Fyers associated partner.
How much can I earn as a Fyers Partner or Dealership?
Earning potential is evident once you put in some of your best efforts. You can make nothing on day one but make vast amounts by the weekend if you have made a vigorous investment in marketing.
Am I eligible to start a Fyers Partnership Agency?
Yes. You are eligible to become a Fyers Partnership Agent if you are at least 21 years old and have experience in the financial markets.
It’s best if you have an existing portfolio or working profile to prove.
Do I need to have a Fyers Trading account?
No. But it would be a plus if you have a Fyers trading account because it will provide you with improved clarity into the products and services provided by Fyers to its customers online.
How much do I need to invest in becoming Fyers’ authorized partner?
The minimum investment capital needed to invest in becoming Fyers’ authorized person can vary significantly.
However, you can start by investing nothing from your pocket. But if you want, you can plan marketing and promotional expenses independently.
How can I track my earnings with Fyers?
Fyers partners can track their earnings through a dedicated dashboard that discloses the total revenue a franchisee generates in its lifetime.
Is Fyers safe to become your partner?
Yes. It is safe to become a Fyers franchise partner. The broker has been operational since 2015 and has built a tremendous reputation in the industry.