Bonanza Franchise

Bonanza Franchise, although, faces fierce competition from other prominent full-service stockbrokers in India, still – has a lot to offer to its potential business partners.

Let’s figure out the different aspects of business opportunities associated with this stockbroker and understand whether it makes sense for you to choose this broker as your stockbroking alliance.

Bonanza Franchise Review

Bonanza portfolio or Bonanza Online was established in the year 1994 and since then the company has grown at a tremendous speed. Today, it has become one of the largest financial and broking company in the country.

As far as the basic Bonanza Franchise Information is concerned, the broker offers customized business partnership models which suit the different category of businessmen starting from Remisiers, Trainee Entrepreneurs, Agents, and Associates.

Bonanza franchise offers business models according to the need of customers. If they want to start a business with the broker as a franchise, they customize the plan for a franchise. If the customer wants to start as a remisier or as an Introducer, the broker customizes the same as well.

Thus, there are no hardcore rules that can make or break the game for you.

They offer revenue sharing ratio based on the experience of the customer who wants to start the business, not on the basis of security money. They offer services which help in starting a profitable business.

In this detailed review, we are going to discuss the review of Bonanza franchise at length.

You will get information on the business models offered by the company, Revenue sharing ratio, security deposit required to start the partnership business, offers to partners, Pros and Cons of business model etc.

Here are some quick stats for your reference:

Bonanza Franchise Partnership Models

As Bonanza portfolio started their franchise program in the year 2006, since then the broker has spread its outlets in many cities (more on this later). The broker is famous among the financial market player for its flexibility of services.

Though the company does not offer multiple business models for those who want to do business with the company. But, they offer customized business models according to their specific requirements.

Suppose a client wants to start a sub-broker business with the company, then the broker customizes their services according to a sub-broker. Same as if someone wants to start a business as an Introducer or Remisier then they customized the services according to them too.

The broker looks for the business partner who has good experience in the stock market industry. If a client does not meet this criterion then they are asked to first gain experience of at least 1 year in stock trading and then can start a business as a sub-broker or remisier.

Bonanza Franchise Revenue Sharing

As you know that Bonanza Portfolio has customized business partnership model. With that set-up, they offer their business partners with dual-earning opportunities. A partner can earn every time when they open a new account of a client and also from the revenue they generate through trading.

 

It implies that you as a business partner, have an opportunity to earn two times with the same client. First, when you bring a new client to the company and second when that client starts trading.

Furthermore, you can earn brokerage sharing in the range of 20%-70%. The range is very high because the broker offers a customized business model to the customers and you can opt for any type of models like franchise or remisier.

Bonanza Franchise Security Deposit

In this case, the Bonanza franchise is different from other broking companies.

As other broking firms demand a security deposit from you before starting a partnership business with you. But, Bonanza Portfolio does not ask you to deposit any security deposit for using its brand name and services.

Isn’t that rare?

Although there is no security deposit taken from the partners, the broker checks the credentials as well as the intention of doing the business of the partners thoroughly.

 

One of the most important aspects which are required before signing the deal is, the sub-broker must have an existing DSA of other financial services and products. It means if you want to start a partnership business with the Bonanza Portfolio you must have an existing team member, office space, infrastructure to grow your business.

Bonanza Franchise: Pros and Cons

Here are some of the positives and negatives that you must be aware of when it comes to taking up a Bonanza Online Franchise:

Pros:

• Customized business partnership models available.
• No security deposit required.

Cons:

• Need to have an existing office space, team members and other infrastructure to start the business with the main broker.
• High range of revenue sharing model.

Bonanza franchise: Partner Offers

Bonanza Portfolio offers all those facilities to their business partner which helps them to grow their business and earn a good profit. Following are the offers which are given the broker to its business partners.

• The first advantage of doing partnership business with the broker is that the Bonanza Portfolio has decent brand equity/recall and well-known name in the broking business. It is an award-winning company which ensures customers about the quality of services offered by the broker.
• The broker offers a wide range of products and services to the clients, including:
  • Equity & Derivatives
  • Commodity
  • Wealth management
  • Currency Trading and Currency Derivatives
  • Investment banking
  • Portfolio management service
  • Distribution of IPO, Mutual fund & Insurance
  • Depository services
  • E-broking
  • Institutional broking
  • Loans
  • Real Estate
  • Healthcare
• Bonanza offers a world-class technology, which supports online as well as an offline trading platform.
• The broker arranges seminars and training on a regular basis for its business partners so that they can groom and get a position in the business world.
• A well-experienced team of the market researcher, who helps their business partners in market speculation. They will also provide all valuable information and future events related to the market.
• Back-end team always available to solve your quarries i.e 24 X 7.

Stockbroker Franchise: How to Register?

If you want to become a business partner of the Bonanza Portfolio you will have to follow the following steps:

• Sign up and fill an online form given on the website with the detail of why you want to do partnership business with the broker. You may choose to fill the below-mentioned form as well:

• Someone from the company will call you to make you understand the further details related to the type of business you want to start.
• You will be asked to submit the related documents for verification purpose.
• All documents will be verified by the broker.
• Again, one meeting with the marketing team of the company will be fixed to know more about the reason for your tie up with the Bonanza portfolio.

Why Partner with Bonanza Franchise

Here is the list of advantages which attracts those who want to start a business with Bonanza Portfolio:

• The broker is a reputed and award-winning brand, so it’s easy for the business partner to start a business with them without too much research.
• Most retail-centric broking house which provides services to partners according to their need.
• They provide IT & Connectivity and operational support.
• Strong marketing, back-end, and technical support.
• Online insurance and Mutual fund service.
• Investor seminar and other promotional activities on a regular basis.
• A research report in detail for each segment.
• Successfully serving more than 1200 outlets in 600+ cities.

Bonanza Franchise Summary

Bonanza Portfolio offers the business model according to the requirement of the customers. They offer customized partnership business model which makes them different from other broking firms available in the market.

The broker does not ask for any security amount from the customers because they thoroughly check the eligibility of the customer. They believe that a business partner with good experience and capability to earn is sufficient to run the business successfully without any security money.

So, those who want to start a partnership business in broking without any investment and with a brand name can go to the Bonanza Portfolio.

Bonanza Franchise: Locations

Currently, the broker has a presence in the following locations across different parts of the country:

 

In case you are looking to set-up a business partnership into sub-brokership or stockbroking franchise, let us assist you in taking the next steps ahead: