Difference between AP and sub-broker

R

Rayees

New Member
#1
#1
What is the difference between sub-broker and Authorized person . Actually i want to open a franchise of a good broking house but they told me they can let me there authorized person (AP) as it will cost me less to open the bussiness . Plz help me and say the difference in between sub-broker of any broking house like religare etc and AP . Plz it is urgent
 
S

sumeetsj

Well-Known Member
#2
#2
AP is a like a remiser, he will just open accounts. And his sharing in brokerage is also less. He can use the office of any other sub-broker or any branch office.

Sub-Broker has to have his own setup. A sub-broker can appoint AP's under him.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
J Difference between ECN and STP Forex 2
Frazkq What is the difference between a Forex trader and an FX trader? Forex 5
A What is the difference between Index funds and ETFS in india? Mutual Funds Discussion Forum 3
S difference between sub_broker, franchisee and master franchisee Introductions 0
R Difference Between Sub-broker and Authorised Person Brokers & Trading Platforms 7

Similar threads