A discount broker, Tradeplus Franchise, follows a relatively simple business model. If you are searching for a sub-broker business to partner with, you can consider Tradeplus Online.
As a Tradeplus Partner, you do not need to maintain a high-standard set-up. This business partnership model is perfect for someone without money to spend on infrastructure investment.
Please read the article to learn about Tradeplus Online business models, costs, ROI, infrastructure requirements, support facilities, products, etc.
Tradeplus Franchise Business Opportunity - Snapshot
Line of Business
Unit / Shop Area
Commission% / Revenue Sharing
Tradeplus Sub Broker Review & Ratings by FranchiseByte
Franchise Fee & Infra Investment
Support & Training
Overview of Tradeplus Sub Broker Franchise
Founded In (year)
No. of Franchise Outlets
Master Franchise Model
Business Set-Up Time
Franchise Commencement Year
Tradeplus Online was incepted in 1983 by Jawahar Vadivelu. The company was formed due to the conglomeration of Navia Markets Ltd. and Navia Commodities Broker Ltd.
The brokerage house is re-branded as Tradeplus Online only a few years back. But it has been delivering stockbroking services since 1995.
Tradeplus Online’s head office is in Jaipur, with 300+ franchise outlets all over India. The franchise partnered with NSE in 1995 and became a depositary participant.
In 1997 it registered with NSDL and associated with CDSL in 2018. Moreover, this private firm partnered with BSE in 2010 for equity stock broking.
In 2009, it registered with MCX for commodity broking. The firm takes around 35 days to activate the Tradeplus Sub Broker code and pays within 30 days.
Furthermore, it has a 4.20 rating which is quite good for a stock broking firm.
Tradeplus Franchise – Business Models
Check out 2 main business models of Tradeplus Sub brokership.
|Business Models||Revenue Sharing|
|Partner||50% + Rs.225 per new Client|
|Refer and Earn||Rs.2700 per new Client annually|
Tradeplus Partner Model
Now that the firm follows a simple business approach, it offers only two business models- partner or referral agent.
Becoming a Tradeplus Partner is an excellent option for people with limited funds. Tradeplus franchise doesn’t ask its business partners to set up an office.
Therefore, you can become a partner without spending money. It would be best to open a Demat or trading account with Tradeplus online.
Moreover, the franchise offers a decent revenue share to its partners. You can get a 50% commission by getting new clients for Tradeplus. In addition, the company pays Rs. 225 per new client.
Tradeplus Referral Program
Tradeplus prefers using a word-to-mouth marketing approach and, thus, offers a Referral model.
Therefore, Tradeplus Refer and Earn is another way to earn recurring monthly income. The company pays you a fixed amount till the time your referred people continue to trade with it.
You can refer anyone in your social circle to open a Demat account with Tradeplus. And the moment they open an account, you can get Rs. 2,700 per new client annually.
If you have many contacts and do network marketing, consider becoming a referral agent.
Tradeplus Franchise Cost & Fees
Sub Broker - Franchise Fee
Tradeplus franchise operates quite differently from other brokerage houses. The franchise plan follows the referral income approach.
It means there is no Tradeplus Franchise Cost for people to become partners and referral agents.
You need not pay a franchise fee or security deposit. In addition, opening a trading account with the company is free of charge.
Tradplus Online’s investment infrastructure cost can range from zero to Rs. 50,000. If a partner wants to set up the office, he can deposit at most Rs. 50,000 with the firm.
So, you are running a legal, stabilized business with a good client base? Do you look forward to capitalizing on it and making extra money?
If yes, consider partnering with Tradeplus without any investment cost.
Tradeplus Sub Broker Commission / Revenue Sharing / Royalty
Stock Broker Commission
Stock Broker Commission
Partners: The company offers an average Tradeplus Partner Commission. But it doesn’t ask for a franchise fee or infrastructure investment.
Now that there is no expenditure, you can take an entire commission to your home. A Tradeplus partner can get a 50% commission by acquiring new clients for the franchise.
In addition to 505 commission, the firm also pays flat Rs 225 per new client. And stock broker keeps the other half of the commission, i.e., 50%.
Referral Agents: Tradeplus realizes that the referral scheme has a huge potential to get new clients for the business.
Thus, with the company’s unique referral scheme, referral agents focus on acquiring more clients.
In return, they get a hefty amount every year. Tradeplus pays Rs. 2,700 for each new client in a year. The primary stock brokers get a flat 100% commission.
Tradeplus Business Partner ROI Details
Before working as a Tradeplus partner or referral agent, you should know the potential ROI rate. Since there is no investment with the Tradeplus business model, you can earn lucrative returns.
The break-even point for the Tradeplus Sub Broker Returns is one month. It means that your returns can elevate after this specific period.
Tradeplus Partner Profits & Revenue
Check out Tradeplus Partner Profits here.
|No. of Active Clients||300|
|Daily Trades per Clients||4|
|Brokerage per Trade||9|
|Trading Days in 1 Month||15|
|Total Brokerage Revenue||1,62,000|
|1 Telecallers Cost||15,000|
|(Revenue – Expenses)||61,000|
|Net Profit Margin||38%|
Tradeplus uses this formula for determining its total brokerage revenue:
Number of Active Clients x Daily Trades per Client x Average Volume per Trade x Brokerage per Trade x Trading Days in 1 Month
Tradeplus considers 300 active clients. And its total brokerage revenue is Rs. 1,62,000 (300*4*9*15). Since partners get a 50% share, their revenue is Rs. 81,000.
The telecaller’ss’ cost and miscellaneous expenses are Rs. 20,000. Tradeplus Partner Profits after subtracting total cost from total revenue are Rs. 61,000. And the net profit margin of partners is 38%.
Master Franchise of Tradeplus - Information
Commission% / Revenue Sharing
Tradeplus Partner Infrastructure Requirement
Shop / Unit Area
Research / Advisory
Trading Terminals Set-up
Computer / Internet Connectivity
By doing business with Tradeplus Franchise as a partner or referral agent, you don’t need to invest in infrastructure.
It is because the company doesn’t ask its business partners to deal with its clients. You need to convert their target customers into actual ones. The broker will do the remaining work.
Therefore, there are no infrastructure-related prerequisites. However, you can invest in basic infrastructure according to your needs.
For instance, setting up an office, recruiting employees, having trading terminals or telephone lines, etc., is optional.
However, you must invest in a computer, internet connection, and CCTVs.
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Support extended by Tradeplus Sub Broker Franchise
Client Interaction Training
Relationship Manager Support
Business Management Software
Tradeplus is a discount broker itself. Therefore, it understands the significance of support facilities.
Therefore, the firm offers some amazing support facilities to the Tradeplus Sub Broker. Here is the list of support facilities that Tradeplus extends:
- Reasonable Service Pricing and attractive Offers to the customers.
- Partners can access Client Interaction Training once or twice a year.
- Relationship Manager Support to form long-term relationships with customers and partners.
- Back-Office and Trading Support for profitable trading.
- Paid Advisory Support along with partially available Marketing Support.
- Partners can get Operation and Trading Manual to learn how to run a business smoothly.
Franchise of Tradeplus Sub Broker - Marketing Support
Unit Interior & Exterior Ads
Marketing the business is the most effective strategy to attract more customers and earn more revenue.
And sub-brokership business is no exception. If you plan to work as Tradeplus Authorized Person, you must market the products and services for a profitable business.
With Tradeplus, partners can access Unit Interior & Exterior Ads support. You can place banners or hoardings displaying the company’s products and services inside or outside your office.
In addition, Local Advertisement marketing support is also available. You can promote your business in nearby areas with local advertisements.
Training provided by Tradeplus Partner Program
Product Information Training
Tradeplus Affiliate Partner can take advantage of these training programs:
- Product Information Training: You must know Tradeplus franchise product offerings to do business with it. Product Information Training is for freshers, letting them know the company’s products.
- Dealers Training: Do you strive to deal in the stock market or assist Tradeplus’ clients in trading? If yes, consider attending a dealers training program to learn the basics of dealing with financial instruments.
- Service Training: The service Training program will help uncover the Tradeplus franchise’s services.
Tradeplus Franchise - Products & Services Offered
3 in 1 Acount
Exposure or Limit
Web Trading Platform
Algo Trading Platform
Over the years, Tradeplus Franchise has developed a diverse product line. The following given are the products that the firm offers to its customers:
- Equity Trading for clients who want to trade in equity instruments.
- Clients can also trade in Options and Futures.
- Insurance plans are available for clients who want to save money and secure financial protection.
- People can open a Demat account with Tradeplus by accessing its Demat Services.
- IPO Services for making an organization public in the stock market.
- Exposure or Limit
- Mobile App and Trading Terminal for seamless online trading.
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Franchise for Tradeplus - Revenue per Customer
Franchisee Qualification required by Tradeplus Sub Broker
Documents Required to Start Tradeplus Partner 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
Tradeplus Sub Broker or Partner Dashboard
Check out the link to Tradeplus Franchise Dashboard here.
Tradeplus offers two mobile trading apps to clients. Tradeplus Mobile App and NSE Now Mobile App are smartphone trading apps.
The Tradeplus Partner Dashboard of these two apps functions smoothly on Android and iOS smartphones.
- You can access these standard features after logging in to the dashboard:
- Integrated back office (BO)
- Trade online in Equity instruments
- Invest in IPO, NCDs, Bonds, and G-Sec over the Internet.
- Buying and selling mutual funds
- View Demat Holdings
- Watchlist to view popular stocks and their prices
- Sell depository stocks with a single touch
- Transferring funds instantly
Tradeplus Franchise Login
Tradeplus franchise offers two trading platforms – NSE NOW and INFINI. Customers can access both these platforms by logging in to their mobile trading apps.
Tradeplus Franchise Login is a secure and safe process.
- You visit Tradeplus’s official trading platform.
- Register on the mobile app by entering the required information.
- Receive secure credentials by phone number or email.
- Login to your registered trading account with your username and password.
Tradeplus Sub Broker Benefits
Find out Tradeplus Sub Broker Benefits below:
Little to No Refundable Brokerage: Among many brokerage houses, Tradeplus enables people to partner with the company with little to no refundable brokerage.
Moreover, it has innovative unlimited plans allowing dealers to trade transactions involving lower to higher sums.
Technologically Advanced Trading Platforms: Tradeplus offers mobile applications and web trading platforms to trade seamlessly in the stock market.
Reputable Name in the Industry: Tradeplus has been a reputable name since its inception. The franchise is registered with SEBI, NSDL, NSE, CDSL, and MCX.
Quick Trading Account Opening Process: Sub-brokers can open their trading accounts within minutes by providing accurate details and documents.
Tradeplus Franchise Drawbacks
Here are some Tradeplus Franchise Drawbacks:
- You can’t do business with Tradeplus as a sub-broker.
- The franchise has an average revenue-sharing model.
- Tradeplus provides limited products to its customers.
- It offers limited marketing support to partners.
- The company charges customers for using its mobile trading app.
- You need two separate logins to trade and access the back office in the same mobile app.
Tradeplus Partner Program – Conclusion
Tradeplus Online has approximately 40 years of experience. It has established itself as the pioneer Indian stock broking market.
The franchise believes in offering transparent, technological, and timely customer service.
Moreover, the Tradeplus Partner Program is free of cost. You can become the firm’s partner by incurring no franchise or infrastructure costs.
Therefore, you can establish a successful career as a business partner with Tradeplus.
FAQs on Tradeplus Franchise Business
Find out various FAQs on Tradeplus Affiliate Partner Program.
Does Tradeplus have an Authorized Person?
No, Tradeplus does not have any sub-brokership business model. You can work with the firm either as a partner or referral agent.
How many Affiliate Partners does Tradeplus have?
Tradeplus has operated for almost 40 years in the Indian stock broker industry. Over the years, the franchise has affiliated with over 200 partners.
What are the Tradeplus Referral Agents?
Tradeplus referral agents can refer people using their Trading ID. Refer & Earn program annually offers Rs. 2,700 per new client to referral agents.
How can I become a Tradeplus Associate Partner?
To become a Tradeplus associate partner, you must open a trading and Deamt account. You must complete an online form or upload your KYC documents.
How much can I earn as Tradeplus Partner or Dealership?
As a Tradeplus partner or dealership, you can get a 50% commission. Apart from commission, you can also receive Rs. 225 on adding each new customer to the company’s portfolio.
Am I eligible to start a Tradeplus Partnership Agency?
Tradeplus states the eligibility criteria for becoming a partnership agency:
- An individual’s age must be at least 21.
- Business experience is optional.
- There is no restriction on academic qualification.
Do I need to have a Tradeplus trading account?
If you want to become a Tradeplus partner or referral agent, yes. You can open a trading account within 5 minutes by providing the correct details and documents.
How much do I need to invest in becoming Tradeplus’s authorized partner?
No investment is the most significant perk of becoming the Tradeplus franchise’s authorized partner.
However, if you want to open an office, the maximum infrastructure investment cost is Rs. 50,000.
How can I track my earnings with Tradeplus?
Tradeplus has two mobile trading applications- Tradeplus Mobile App and NSE Now Mobile App. You can know about your earnings by logging in to either app.
Is Tradeplus safe to become a partner?
Tradeplus franchise is registered with SEBI, NSDL, NSE, CDSL, and MCX. It means it’s legal and safe to trade in the stock market with Tradeplus.