Question: Can A Sub Broker Trade For Himself?

Which stock broker is best for franchise?

Top Sub brokers in India ListAngel Broking Franchise.

IIFL Partner.

Sharekhan Franchise.

Motilal Oswal Franchise.

Nirmal Bang Franchise.

Bonanza Online Franchise.

Reliance Securities Franchise.

ICICI Direct Franchise.More items…•.

How do I become a sub broker for Angel Broking?

These are the conditions you need to meet in order to open a sub-broker business with Angel Broking:You need to have 2 to 3 years of experience in the Indian stockbroking business, either as a broker, sub-broker, Remisier, Mutual fund distributor or a client.Basic level of stock market trading and investment needed.More items…•

How can I become a sub broker in sharekhan?

Become a Sub Broker with Sharekhan – Just Fill up the form.Check out Revenue Sharing of other Sub Brokers.Check out other companies Sub Broker Offers.Become a Sub Broker with Sharekhan – Just Fill up the form.Find detailed review of other Sub Broker Franchise.

How much does a stock broker earn in USA?

Stock Broker SalariesJob TitleSalaryBank of America Stock Broker salaries – 5 salaries reported$ 51,294/yrMorgan Stanley Stock Broker salaries – 5 salaries reported$ 45,233/yrTD Ameritrade Stock Broker salaries – 5 salaries reported$ 45,142/yrScottrade Stock Broker salaries – 5 salaries reported$ 25/hr16 more rows

What is an example of a broker?

A person who you hire to buy stock for you on the stock exchange is an example of a broker. … A broker usually charges a commission for services. A broker also may be a person who sells insurance products offered by different companies or someone who sells real estate.

How do I become a registered Sebi broker?

Getting registered: Stock brokers and sub-brokers need to get a Certificate of Registration (CoR) from SEBI in order to proceed with trading. Under the guidelines of the stock exchange, no stock broker or sub-broker is allowed to practice until he/she has a vaildCoR from SEBI.

Who is the owner of Angel Broking?

Dinesh ThakkarDinesh Thakkar started his business in 1987 with a capital of Five Lakhs Indian Rupees and lost half of the money within eight months. In 1989, he started off again as a sub-broker. Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in December, 1997.

What is the difference between broker and sub broker?

A broker is a trading member of the exchange while the sub-broker is only mandated to be affiliated to the brokers, although they might need a certificate from the exchange to conduct their business. … Only the stock brokers are allowed to charge brokerage to the clients directly. The Sub-brokers cannot do so.

How do sub brokers make money?

A sub-broker earns his/her compensation through the commission for every executed transaction. … For the transaction to be carried out in the share market, typically a fee is charged by the companies or individuals licensed to trade in that market, called stockbrokers. This fee is termed as the brokerage fees.

What is the role of sub broker?

A sub-broker acts on behalf of a trading member as an agent for assisting investors in dealing with securities. A sub-broker acts on behalf of a trading member as an agent for assisting investors in dealing with securities.

How do I start a sub brokerage business?

To become a sub broker you can enrol yourself in the National Institute of Securities Market. This institute is there in order to educate investors, stockbrokers and sub brokers about the stock market. Certification from NISM trains you on various modules that are required to deal in the financial markets.

What is a sub broker insurance?

Definition of a Sub Broker – Any person not being a part of Morton Michel Ltd who acts on behalf of Morton Michel Ltd as an agent or otherwise for introducing and assisting clients in buying insurance.