The Upstox sub-broker program or the Upstox partner program is also called the RSKV Franchise program, which has been recently established in the market. It features numerous advantages and facilities offered to the sub-brokers of Upstox. Upstox was initially called RSKV and was established in 2012 by Ravi Kumar, Raghu Kumar and Shrinivas Vishwanath. The offerings at this leading stock-broking firm are backed with extensive technology to amplify the trading experience of their sub-brokers and trading clients.
The sub-broker model at Upstox is quite easy to comprehend. Any individual is allowed to enter into the sub-broker program and leverage extensive profits. The revenue sharing module is been inspired by the per-trade profit model. After the sub-broker has joined the firm’s franchise program, he/she will be subjected to 10% to 30% of the profit generated through the brokerage. This means the more the sub-broker will trade, the higher the profits they will earn.
They adhere to a referral-based business model. All one needs to do is refer their business to family, friends and other acquaintances and make them register. Once they will begin trading, users will get 10% of the brokerage earned due to their trade. Whether the sub-brokers trade or not, their referrals will ensure they gain consistent earnings. It’s one of the long term trading models. The percentage earning varies within 10% to 30% based on the transactions made by their clients. The Upstox business partner will also be facilitated with dashboards and tools that ensure tracking of their client’s trading patterns.