sub brokership

hi..
i want to open a share trading terminal in kanpur...
would anyone kindly tell me the procedure to aquire sub brokership along with money required for aquiring sub brokership,other expenses and all related things etc...
vipin yadav
[email protected]

you have to contact any branches(not franchise) in kanpur brokers like kotak,motilal,karvy etc there r many.u need to pass the ncfm test by nse then only u ul b alloted login id in ur name.otherwise the brokers ul issue login id in somebodyelse name.then u need to deposit vsat fees around 2lakhs.thats it.

thanks razx5

could you give me one more advice...
actually i am doing a diploma in "financial market and portfolio mangement" and after having some some experience would like to open my own terminal .....can u tell me the career opportunities by aquiring sub brokership instead of doing job or mba.... i mean how much can i earn initially under normal course of business..........
















i shall be your thankful.....................................

look mr.cutie i think u r around 25 yrs of age so this is the age to study.subbrokership u can become anytime.do your mba or whatever.take subrokership as ur side buisness.u can do both at a time bcoz subroker doesnot necessarily have to b n office all the time.

by being subroker u can earn a lot all depends how ur clients r.u need to catch 3-4 very good clients who ul trade everyday for at;least 10lakhs.then u ul earn atleast 6000/day.that means alltogether u will earn around 1.32 lakhs a month.first b4 taking dealership make sure atleast 2 super traders trade under u.then slowly the buisness ul pick up.its azero tension job if u r clients r good traders and they r financially well off.

if the firms delivery brokerage is o.50% then subroker gets o.15% and the rest 0.35%goes to main broker.
hope this much information is sufficient.all the best

hey are there any min educational qualifications for Sub Broker ? or only NCFM pass required?

only ncfm test pass is sufficient.but there r different module such as equity module commodity module i dont know which one u have to pass for subrokership.

Hey razx5..
thanks for your valuable advice i will keep in mind whatever suggestions you have given in constucting my future...

would it be better to have some work experience in any broking company prior to start up own business as some companies like karvy.. indiabulls ...
are coming at my campus ..but they would appoint as for direct sale of d-mats...can i get some good customers by doing marketing job....????

or i should select a company where i have to do equity resaerch by technical analysis..??

well thanks in advance for next reply....bi..have a nice time..

Hey razx5..
thanks for your valuable advice i will keep in mind whatever suggestions you have given in constucting my future...

would it be better to have some work experience in any broking company prior to start up own business as some companies like karvy.. indiabulls ...
are coming at my campus ..but they would appoint as for direct sale of d-mats...can i get some good customers by doing marketing job....????

or i should select a company where i have to do equity resaerch by technical analysis..??

well thanks in advance for next reply....bi..have a nice time..[/QUOTE]

Hey razx5..
thanks for your valuable advice i will keep in mind whatever suggestions you have given in constucting my future...

would it be better to have some work experience in any broking company prior to start up own business as some companies like karvy.. indiabulls ...
are coming at my campus ..but they would appoint as for direct sale of d-mats...can i get some good customers by doing marketing job....????

or i should select a company where i have to do equity resaerch by technical analysis..??

n one more thing wats mean by super traders trade as you mentioned..

well thanks in advance for next reply....bi..have a nice time..[/QUOTE]

so for sub brokership there is no such rule that the candidate must be a graduate ? only a NCFM pass is required?