how to become a sub broker

Eligibility of Sub-Broker in Stock Market: AS Chakravarthy NCFM Course

AS Chakravarthy NCFM Courses in Hyderabad : Eligibility of Sub-Broker

Stock Market : NCFM Training in Hyderabad

Eligibility of Sub Broker in Stock Market

  1. Eligibility:- 21 years, 10+2 qualification and paid up capital Rs. 5 lakhs.
  2. Not convicted involving fraud and dishonesty.
  3. Not debarred by SEBI previously.
  4. 51% of shares as dominant promoters his/her and his/her spouse.
  5. First application to stock exchange- Stock exchange send his application to SEBI- SEBI satisfied issued Certificate of Registration
  6. Under which Broker he is going to work as Sub-Broker, particular broker recommendation letter submission is compulsory to SEBI.
  7. Purchase note and sales note issued by the sub broker with 24 hours.
  8. Maximum Brokerage commission 1.5%.

Note:- 

a) But real time sub-brokers collecting for delivery transactions around 0.50%

b) For Intraday transactions around 0.05%

c) For Option Market for each lot Rs.10 to Rs.50

 

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