i want to become a sub broker

#83
how much should it cost, what are the risks associated with it ?
which broker is good for me ......

since im new in this field, and i know there are guys here who are very experienced and can give me better advise
thanks for your time.
hI, iF STILL YOUR ARE LOOKING FOR A SUBBROKERSHIP I CAN HELP YOU IN HOW TAKE FORWARD THE ISSUE. REPLY ME SIR.
 
#84
Hello every one
I like to become sub-broker first of all I want to know that what is there any difference between sub-broker franchise and authorized person if yes so please explain me what is it? And more over what is CTCL IDs and how much is the risk in sub-broking Since 5 years I am doing treading as a part time business
my mail id is [email protected] and my contact number is 100
 
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#85
We are interested in Sub-Brokership of all Indian Exchanges - MCX-NCDEX-BSE-NSE-MCXSX-F&O

We are interested on commission basis. We will give clients, and we should get commission on his turnover.

We are not interested in handling any office work like, sending crontracts , call and trade for clients , support for software or any other thing. We just give clients and want commission on turnover. All support should be provided by parent company to the client.

Any company with this options ?
 
#87
:clapping:

Yogeshbhai,

wonderful. Informative answer like for all who are in this field.

Thanks.


You will be required a small office and around 10+ clients who is regularly traders

for amount you will require 1 lakh as a deposit to broker

Rs. 1 lakh or more for vsat connection if you would like to otherwise there is cheaper option for it as a internet + vpn connection which will cost you under
Rs . 5000.

aroud 50k for your monthly bills like rent, light bills, phone bills, internet rent, vpn cost in advance for your convenience if you are not able to get clients in around 6 months.

10k as sebi registration fee for subbroker(it is for 5year term)

if you are able to find 5 or more clients who trades daily your total daily brokerage will around 1500/- for trades in one lot in futures and also there won't be any worry for clients settlement or delivery.

If you are going for cash there will problem for limits to trade, delivery for settlements, cheque payment, cheque payout

For F&O your work will be limited with timeframe of 9:30 AM to 4:30 PM

For client search just find them through your relatives you will find 5 to 10 within them

Dont forget to take deposit of around 20k to 50k as margin deposit from clients

thanks for reading reply :)
 

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