Upstox Partner or Sub Broker or Franchise – Find Profits, Revenue Sharing, ROI & more

Do you want to be a part of a new-age stockbroker that has completely revolutionized the trading process? If you answer yes, then the Upstox Partner Program is what you want.

This article will teach you all the details you need to know to become an Upstox Sub Broker.

From becoming a partner to getting revenue from the brokerage house, training, support, and all other details will be covered in this article. So, let’s begin.

Upstox Franchise is a highly rated sub-brokership program offering multiple facilities to the sub-brokers and partners.

Upstox currently has a considerable market share in the share trading business. According to ratings and reviews, the broker’s revenue structure benefits the partners, among other benefits.

Before digging into the different Upstox Partner programs and business models, let’s look at the firm.

In 2011, Raghu Kumar, Shrinivas Vishvanath, and Ravi Kumar incorporated this firm. Their idea of making trading cheaper and easy for retail investors was the vision for Upstox.

Upstox is a discount brokerage house that offers trading and demat services across all asset classes. It is one of the cheapest brokerage houses.

However, being the cheapest doesn’t mean they offer low-quality services.

Their services are among the most sought-after in the stock market, and Upstox’s trading platforms are among the top trading platforms worldwide.

So, in short, there are multiple reasons to join Upstox as a sub-broker or partner.

Upstox Franchise Program – Business Models

The Stockbroker has 2 business models available –

Upstox Sub Broker

First is Upstox Sub Broker. Under this model, anyone with an Upstox account and trading with the broker can open a partner’s account.

Then, the clients they refer to Upstox, who open an account with Upstox and trade, come under the individual’s network.

Let’s understand this with an example. Suppose you have an Upstox account. You have been trading with the broker and liked the services.

Now, you can promote the brokerage house to your friends, family members, colleagues, and others who want to trade.

Once clients open an account with Upstox and start trading, you will receive a portion of the brokerage revenue paid by those clients to the brokerage house.

Even if you stop trading with Upstox and work only as a partner, you will continue to earn from your network of clients trading with Upstox.

The more clients you bring to the broker, the higher the commission you can get. Moreover, it is a recurring process, so you must get clients on board once.

You will receive a share of the brokerage fee every time they use Upstox services and pay a fee for the same. Isn’t that an exciting offer?

Upstox Referral Program

While Upstox offers only one business model for business partnerships, as a client of the firm, you can also refer and earn.

The Upstox referral program offers Rs.400 flat on every referral. When someone opens an account with Upstox using your referral link, you will receive Rs. 400 flat in your registered bank account within 24 to 48 hours.

An additional offer of Rs.300 gets transferred when the person places the first trade with the brokerage house.

The Upstox Franchise Cost is only Rs.3,000. Yes, you read that right. Wondering how a brokerage house can charge so little to become a partner?

The reason is simple: You are not becoming a franchise holder. Instead, you are becoming a broker’s partner.

Of the Rs.3,000, Rs.2,000 is for SEBI registration, and the remaining is for handling fees and other necessary charges. Thus, this is not even a security deposit.

Hardly any brokerage house offers such a partnership program where a nominal amount is charged.

The best part of becoming a partner is the Upstox Sub Broker Commission.

As a sub-broker, you will receive 30% to 50% of the commission and a fixed amount for every new client you bring to Upstox who opens an account.

The fixed amount for each account opening varies monthly from Rs.300 to Rs.1,000.

For instance, your friend Akash opened an account with Upstox for your reference. You will instantly receive Rs.300 to Rs.1,000 as he opens the account.

Now, when he starts trading, he will be paying brokerage to Upstox. Suppose in September, he spent Rs.10,000 as a brokerage to Upstox.

You will receive Rs.3,000 to Rs.5,000 as a commission from the brokerage he paid to Upstox. This is how Upstox shares revenue with its partners.

Since the investment is just Rs.3,000, the return on your investment will be very high. You can break even with just 3 to 5 clients.

Once they start trading and paying brokerage, your Upstox Franchise Returns will only grow. So, you do not need to worry about your return on investment, as it will be positive within a month or less.

If you are onboarding 100 active clients, you can easily earn Rs.1 Lakh per month.

Upstox Partner Program Profits, Profit Margin & Revenue

With the help of 300 active clients, as an Upstox Partner, you will earn a minimum net profit of Rs.1 lakh.

Check the calculations here for a detailed understanding of how the revenue & profits are calculated.

The revenue is calculated as a multiplier of the number of Active Clients, Daily Trades per Client, Brokerage per Trade, and trading days in 1 month, i.e. (300*4*20*15).

Since upstox provides 40% sharing, the gross profit generated is comparatively low compared to other brokers.

The good thing is that if you add more active clients monthly, your Net Profit will increase as your cost will remain the same or grow slowly.

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Since Upstox has only a Partner Program, no information about Upstox Master Franchise is available.

If you want to become a partner of Upstox, you need to open a Partner’s account with Upstox. Upstox will do your SEBI registration, and you can start onboarding clients.

There are no stringent infrastructure rules in the Upstox Partner Program. You can open your office or have a huge office space in your study.

Upstox has no such infrastructure requirements. To become a partner of Upstox, all you need as infrastructure is a strong Wi-Fi connection and a phone connection; a desktop, laptop, or smartphone will do.

Once your business grows, you can employ staff and have more prominent offices and other infrastructure as you require.

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The support offered to the Upstox Sub Broker is as follows –

• Client interaction training – This helps the partner understand how to pitch to prospective clients about Upstox products and services.
• Relationship Manager Support: Upstox offers a relationship manager to the sub-brokers to handle clients’ issues.
• Back-office support: Upstox offers great back-office support to partners with an advanced platform for keeping all clients’ data and trading records.
• Marketing support: Upstox also offers marketing support to promote the partner’s business.
• Website support: Upstox can help you build a website to network and expand your business.

In addition, Upstox provides support, operation manuals, training manuals, business management software, and different offers to the partners.

Upstox offers marketing support to the Upstox Franchise Program. You will receive support for all your business’s marketing needs.

Marketing support includes local advertisement, digital marketing, television advertisement, events and seminars, print advertisement, and unit interior and exterior advertisement.

From promoting your business to making websites and other requirements for making the company stand out, Upstox will have your back.

As an Upstox Sub broker partner, you will receive client interaction and product information training.

So, client interaction training prepares you to acquire clients, pitch products, and deal with clients’ queries and others.

The second is product information training, which involves learning about Upstox’s products and services.

As an Upstox Business Partner, you can offer all the products and services of Upstox, which include the following –

• Equity trading – both delivery and intraday
• Currencies trading
• Commodity trading
• Futures and options trading in all the segments – equity/ currency and commodities
• Mutual funds
• Basket trading
• Trading platforms – Mobile app, trading terminal, web trading platform, Algo trading platform

Under the services, Upstox offer –

• Demat services
• Trading services
• IPO services
• Stock recommendations
• Margin trading or Exposure

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As mentioned above, you can earn Rs. 300 to Rs. 1000 per customer; you onboard under your client ID as an Upstox Franchise partner.

You will get this instant amount when your referred person opens an account with Upstox.

The commission is a percentage of the revenue the client generates with Upstox. You can earn up to 50% of the revenue per client.

Upstox charges Rs.20 or 0.01% (the lowest of the two) as a brokerage for every trade executed on its platform, but it delivers free trades.

The revenue per customer will depend on the number of trading orders the client places. Suppose your client executes 2000 orders in a month. So, total brokerage = Rs.20 X 2000 = Rs.40,000.

Here, we are taking Rs.20 as brokerage per order. So, in this scenario, your revenue from this client can be a minimum of Rs.12,000 and a maximum of Rs. 20,000.

For the Upstox Affiliate Program, you need to have the following qualifications –

• You need to be 21 years old or above
• You must have completed your graduation from a recognized university
• Stock trading experience or any relevant business experience

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You need to produce the following documents while applying for the Upstox Affiliate Program –

• Copy of the AADHAAR Card of the partner
• Franchise Agreement
• Copy of Business TAN
• Proprietor PAN or PAN of the business firm
• Photograph of the Proprietor
• GST Registration certificate
• Address of the proprietor
• NOC of the Unit or Office and its address proof

Upstox Partner or Franchise Dashboard

Upstox offers the Upstox Partner Dashboard, an application for managing clientele, trading data, and client information.

The dashboard shows all the client’s transaction details, which helps the partner easily track his earnings. Here are the details of the Dashboard offered by Upstox to the partners –

There are 3 primary tabs, which are –

Leads enabled – This tab shows whether you have any leads. Suppose someone registers their number with Upstox using your referral link; then, on this tab, you will see that one lead has been enabled.

Clients converted – If this lead opens a demat and trading account with Upstox, they become clients under your network. This tab will keep track of the number of leads converted into actual clients.

Brokerage earned – Finally, this tab will help you keep track of all the brokerage generated by the clients in your network. You can then easily calculate how much commission you will earn in the month.

All these data are given weekly, so you can sum them up and get the monthly data.

Apart from these tabs, there are notification tabs and settings that you can use to customize the notifications and other settings.

Upstox Partner Login or Upstox Franchise Login

To login to Upstox Franchise, you must open the partner’s account with Upstox.

Then, you will get the dashboard and the application, where you can log in with the partner’s account ID and password.

You can start onboarding clients once you can access the partners’ accounts.

Upstox Sub Broker Benefits

There are multiple benefits of becoming an Upstox Sub Broker –

• Upstox has the upper hand in technology. It is a tech-first brokerage house that provides advanced trading platforms for clients across multiple devices. This helps the sub-brokers/ partners easily pitch to the new-age clients about how easily they can trade.
• Secondly, there is a trading facility across all segments. You can offer your clients equity, commodities, currencies, F&O, and mutual funds.
• There is no security deposit that you need to keep as a partner. Almost every brokerage house keeps a security deposit when a partner enrolls. This means there is no investment except for the Rs. 3000, which is a nominal amount. This amount also goes into paying the SEBI registration fees.
• There are no rigid infrastructure requirements, eligibility criteria, or other requirements, which makes it easier for partners to join Upstox.
• Upstox provides ample support and trading, another crucial benefit of becoming a partner.
• A partner can earn a whopping 50% revenue without a security deposit, a rare occurrence in the industry.

Upstox Franchise Drawbacks

Upstox has many pros regarding the partner program. However, there is only one business model. So, if you want to join them, you can only participate as a partner, not as an Upstox Franchise.

This also leads to another drawback: you cannot earn higher revenue.

Upstox Partner Program – Conclusion

To conclude, becoming an Upstox Partner can be a massive opportunity if you want to build your career in stockbroking.

The simplicity of joining, no security deposit, and abundant training make Upstox ideal for becoming a partner.

FAQs on Upstox Franchise Business

Check out the various FAQs on the Upstox Partner Program here –

How can I get an Upstox franchise?

You can join Upstox as a partner. They offer a partner program under which you can enroll. They do not offer franchises.

How do I become an Upstox Partner?

To become an Upstox Partner, you must apply for their Partners’ account, submit the documents, and pay the required amount.

Which company owns Upstox?

Upstox’s parent company is RKSV Securities Ltd. It is a Mumbai-based stockbroking company.

Is Upstox a profitable company to join as a partner?

Upstox has quickly impacted the stock market with its innovative offerings. It is a highly reputed discount brokerage house where you can grow and prosper as a partner.

How do Upstox partners make money?

As an Upstox partner, you can make money when you get clients for the company. You get a flat fee when you refer someone and open an account with Upstox.

Moreover, Upstox generates revenue through brokerage charges and shares a portion with the partners whenever they trade.

Do you know how I can join as an Upstox Sub Broker?

Upstox offers a business model through the Upstox Partner program. You can join as a Partner, which is equivalent to a sub-broker.

However, there are flexible criteria, as in another sub-brokership program.

How much can I earn as an Upstox Franchise?

The earning potential depends on how you perform. The brokerage house offers 30% to 50% of the revenue. So, it depends on how much revenue is generated from the clients in your network.

How much do I need to invest in becoming an Upstox Partner?

It would be best if you became an Upstox partner. Rs. 2,000 of this goes into SEBI registration, and the remaining goes into other charges.

There is no security deposit or infrastructure requirement on which you must spend.

Is Upstox a sub-broker?

No, Upstox is a discount brokerage house. It offers sub-brokership as a partner program in which you can enroll.

Is Upstox safe for partners?

Upstox is a well-known and reputed stock brokerage house with a nationwide presence. It is unique, highly safe, and secure for clients and partners.