Planning for Sub-brokership

[gulshanranjan]

You should be 12+ pass, not barred from SEBI to trade, NCFM Certifications is a must for terminals but above all, you need to have well knowledge about stock market. All the best. meet 2-3 broking house, you will find offers will be same on paper but execution will be different. Wish u all the best.

Gulshan Ranjan

 

[evilhitler]

The feed back with regards to India Infoline mentioned in the thread is subjective and is case to case experience, with every big company having some servicing faultlines which they keep trying to overcome.

I work in India Infoline in Ahmedabad/Surat as Manager - Franchise and can assure you that my company has best online platform for trading.

Also to just add to this is that before I joined India Infoline, I've worked in Kotak Sec (Bombay) and I was a Client of India Infoline and was a very satisfied customer indeed. The company provides everything, its just that we dont deal with RIGHT people and end up blaming the organization.

Lemme kno if u have any queries and I'll be glad to help irrespective of wherever u reside and whichever company u wanna do business with.

Saurabh

 

[ds2778]

I've experience with angel broking & way2wealth if it helps

Hi,

gulshanranjan I wud like to hear u @ ur exp with angel..

if u can share ur exp pls reply...also can PM me at ds778atyahoodotcom


thanx

 

[gulshanranjan]

Hi,

it is indeed a pleasant working wit them, wil mail u later details.

Hi,

gulshanranjan I wud like to hear u @ ur exp with angel..

if u can share ur exp pls reply...also can PM me at ds778atyahoodotcom


thanx

 

[pali.sembhy]

if ur r planning for sub broker let me show u the right path. if u r interested to become sub broker n looking for right broker ur search ends here.
plz mail me at [email protected] , also mention ur phone number and location!
i will revert with the BEST PROPOSAL.ITS A PROMISE!

 

[ds2778]

Hi,

it is indeed a pleasant working wit them, wil mail u later details.

sorry...I noticed just now i hv entered my e-mail ID wrongly..pls read it as ds2778atyahoo.com(replace 'at' with @)..

thanx

ds2778

 

[pali.sembhy]

if ur r planning for sub broker let me show u the right path. if u r interested to become sub broker n looking for right broker ur search ends here.
plz mail me at [email protected] , also mention ur phone number and location!
i will revert with the BEST PROPOSAL.ITS A PROMISE!

 

[infoshine]

Angel is now charging minimum Rs. 30 brokerage per trade. This is not good for small traders.

 

[bbboy]

Angel is now charging minimum Rs. 30 brokerage per trade. This is not good for small traders.

Rs. 30 for nifty fut and stock fut ??
or nifty option or stock option or commodity ???
Pls. eloborate.....

 

[bbboy]

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