i want to become a sub broker

[sankyp]

I am also looking for becoming a sub broker and have come through a proposal from HSBC Invest Direct.
Since am new in the markets, they have offered me an option in which they will offer me brokerage in the range of 25-50% ( depending on the volume ).

My Role : Just refer the clients
HSBC Role :Client servicing , generation of brokerage and 100% ownership of liabilities and risks arising from any client defaults

I just have to take the sub brokership licence for which i have to pay Rs 26700.They have not asked for any security

Regards

Can u give the breakup of the charges???

 

[karin_jack]

Hello,

Is there any registration fee to become sub broker at SEBI ? ...

D.D (Demand Draft)

• 12,206/- (For BSE)

• 12,206 - (For NSE)

• 2206/- (For F & O)

• 1103/- (BSE Remiser)

• 2206/- (For NSE CURRENCY)

• 552/- (For BSE Remiser cancellation)

MCX AND NCDEX there r no charges(so one can take MCX-SX insteed of NSE FX)


Documents Required

• Bankers Letter & CA Letters

• PAN Card Set (7 Xerox with CA attested)

• Educational Certificate (7 Xerox with CA attested)

• Bank Statement frant page and 3 months current transaction (7 Xerox with CA attested & original bank stamp on all pages)

• Address Proof (Ration card,Passport,Electricity Bill) ( 7 Xerox with CA attested)

• Passport size photo (2 )

• NCFM Certificate (Derivates & Capital Market, BSE & NSE)

regards

 

[primenri]

Most brokers offer online trading, even through mobile phones.One can sit at home / office and do online trading. Won't it affect the income of sub brokers and the economic viability of sub broker business ?

 

[sankyp]

A broker earns with not only the online and outlet executed trades but also with any trades that trader executes from other outlet of that broker. What matters where the acc was opened. this is what Sharekhan told me when I inquired abt remissier position.

 

[pawan84_garg]

I think now day sebi reduce its reg. Fee and now aprox.. 2300 for nse and 2300 for bse

 

[bbboy]

Dear All
I am interested in sub-brokership
pls. shower some details on CTCL ID etc.. ?
what is this CTCL and how much angel charge for this ?
also shower some light on best deals for sub-brokership
thanks in advance
bbboy :clap:

 

[amsin21]

Dear All
I am interested in sub-brokership
pls. shower some details on CTCL ID etc.. ?
what is this CTCL and how much angel charge for this ?
also shower some light on best deals for sub-brokership
thanks in advance
bbboy :clap:

CTCL details :

hxxp://www.nseindia.com/content/equities/eq_ctcl.htm

CTCL charges for Angel

CTCL Monthly Charges: Rs .250 per month per Segment ((BSE, NSE, NSEFO, MCX, NCDEX).


Regards,

 

[bbboy]

CTCL details :

hxxp://www.nseindia.com/content/equities/eq_ctcl.htm

CTCL charges for Angel

CTCL Monthly Charges: Rs .250 per month per Segment ((BSE, NSE, NSEFO, MCX, NCDEX).


Regards,

Thanks for your reply, but pls. can u explain
1) 250 / segment means what ?
2) how many CTCL ID one must need to start a sub-brokership ?
3) if suppouse i take all segments then for each segment i need one computer system ?
4) for each segment i need seperate internet broadband connection ?
5) CTCL ID can run on noral broadband internet connection ? or need some spl. thing to run
6) pls. add more such details if anyone knows

Thanks in adavnce :clap:

 

[bbboy]

Pls. anyone can help me ?
I am in talks with one brokerage house for sub-brokership.

They told me that there are 2 kinds of registration and I can go for anyone but both are same in terms of work etc :--

1) Register thru us and they will register directly in excahnges like NSE BSE MCX etc..
for this they will charge Rs.2206 each per segment ( Segment : NSE-cash, NSE F&O, NSE-Currency, BSE, MCX-Commodity, MCX-Currency, NCDEX ) so if i will go for all these then it will cost me Rs.2206 x 7 (segment) = Rs.15442.

2) Another way is that I can Directly register myself with SEBI and after that I can become there sub-broker for this I need to pay Rs.12250 per segment directly to SEBI.

So, now my Question is that what is the diffrence between these two diffrent type of registrations for sub-broker ?
As per that brokerage house marketing person he said that there is no diffrence, and infact he said that if I go directly for SEBI registration then it cost me much more per segment wise and it take around one whole year to get the registration certificate.

I am confused and feeling handicapped b'coz no proper information is available and I cant 100% trust these marketing persons of brokerage house.
Why there is so much diffrence in amount of direct SEBI registration and registartion thru brokerage house / exchanges ?

If I register thru brokerage house then they will register me direcly thru NSE, BSE and MCX exchanges. Is there any problem in that ? any kind of trap in future ? Is it legal in this way ? or in future I get in trouble
Or This brokerage house will take any kind advantage in future by saying that I am not registered yet and they takeover my clinets or not pay me fully or any kind of problem etc...

Pls. can some experienced sub-broker put some light on this issue ? As I am totaly confused.

Pls. guide
Thanks in adavance

 

[solanki.amit99]

i am in talk with ANGEL BROKING...i want to start my franchise....i have cleared my NCFM exams....... they are asking for rs.250 per segment .....what should i do.... should i bargain ..if yes...den till what price....can they allow me these segment in no price....plzz help me

thanks in advance...

amit