You must be wondering Is SAMCO Safe? Yeah! I do understand the concern as we all don’t want our money to be lost. No worries, your all doubts will be cleared here.
SAMCO Securities is a discount broker that is a rising name in the industry of brokerage firms. It extends attractive offers to its new customers like brokerage free transactions for a month or a fixed number of executed orders.
Sub brokers of any company are subject to exclusive pieces of information and resources due to their association. Having access to technology like Giga Trading Engine (GTE), resilient hardware infrastructure, etc., is an add-on.
GTE is a SAMCO proprietary that combines Artificial Intelligence, analytical technology, and robust computing techniques to predict market trends and present them in the simplest forms. This feature is beneficial for newbies.
With a basic understanding of SAMCO Securities, let’s move forward to learning about the SAMCO Sub broker.
SAMCO Sub Broker Criteria
After deciding on the destination, we need to travel down the correct road to reach there. Similarly, to become a SAMCO Sub Broker, you need to meet a few eligible criteria.
They are as follows:
The Sub Brokership applicant must be 18 years old or more.
Minimum experience of 3 years in the finance industry is necessary. Experience in the stockbroking industry is preferred.
A stable business with a good client base gets preferred as that could enhance their business with SAMCO.
Dedicated office space is necessitated by many brokers to meet a set of quality standards as they offer customer interactions. But, SAMCO Securities is distinct in this aspect.
They don’t make an office pace mandatory to obtain the status of a SAMCO Sub broker.
SAMCO Sub Broker Fees
To become something, you need to make investments. Be it time, money, or energy, every single aspect of it counts. Although becoming a SAMCO Sub broker is far less troubling than getting associated with any other broker.
Well, because the most prominent investment while getting into this business is setting up the office and meeting the respective brokers’ quality standards. SAMCO itself cuts off this part of an investment.
Some SAMCO Sub Brokers still open an office for their satisfaction. The Depository Participant does not mandate it.
Further, the second part consists of the security deposit.
Since the SAMCO Sub Broker program works on the referral business model, not a single penny gets paid under the security deposit tag.
Thus, no fee gets levied on the individual aspiring to be a SAMCO Sub Broker.
SAMCO Sub Broker Revenue Sharing
While you plan to be associated with a broker, this is a fundamental concept that the revenue generated by your contributions will get divided in a certain predecided proportion.
The revenue sharing procedure is out of the box with SAMCO Securities. It is because of only a referral program and no proper customer dealing.
There are four ways to earn with SAMCO. They are
Refer clients to SAMCO and stand a chance to earn up to 50% commission on the brokerage paid by the client every month.
Product Subscription Commission
You get a 50% commission on every product subscription purchased by the clients. This scheme applies to the following products – StockPlus, CashPlus, IntraPlus, and OptionPlus.
For every StockBasket purchase, you’ll receive 40% of the annual fee.
Additionally, for every referral and transaction by the client referred to SAMCO, you get a fixed number of trades that are free of cost.
SAMCO Sub Broker Registration
Contrary to other brokers, this broker has a relatively easy and simplified way of becoming a SAMCO Sub Broker.
To start your business franchise with SAMCO, you need to open a Demat account and Trading account to get going.
Get registered with SAMCO Securities and start referring the broker to your friends and family. As and when they join, they’ll get added to your referral list. Following this, you’ll receive the respective commission and free trades, as discussed above.
It is not a prerequisite to attend any interaction sessions or training as mandated by other brokers. Just grow your chain of references and earn.
Every single customer is managed and serviced by a dedicated team at SAMCO.
SAMCO Sub Broker Advantages
Would someone become a partner if they weren’t going to have an advantage for their clients?
Below are the advantages of being a SAMCO Sub Broker:
Nominal registration fee. (Registration fee is the amount you pay to open a trading account.)
They have user-friendly dashboards to keep an eye on your earnings.
Quick and dedicated customer support. It is said to be instant, responsive, and incredibly supportive. They are ranked very high in this aspect.
A panel for communication and marketing purposes extended to all registered clients.
SAMCO offers a lightning-fast trading app, research reports for investments, multiple platforms for various trading options, and low brokerage charges for your clients.
Great leverage amounts.
Your clients can maintain a Zero balance account.
Strong backend team.
Unique features to alert you about what you should NOT trade.
The portal also has detailed tutorials for all the new users.
SAMCO Securities is rising high in the industry due to its unique facilities and services. Being associated with the firm is certainly complimentary.
With such an easy procedure for becoming a SAMCO Sub Broker, a person with a good contact base and significant influence can comfortably earn a decent amount annually.
The only investment you make, in this case, is the registration fee for opening a trading account. Rest assured, the advantages can effortlessly overpower the small doubts in your clients’ minds.
We hope you make the right decision by choosing SAMCO Securities as your broker and associate.
In case you are looking to get started with your SAMCO Sub Broker, just fill in a few basic details below: