How to start giving sub-brokership

vishal.andy · #1 17th June 2009, 01:55 AM

Hi, I am having a BSE/NSE ticket... now want to expand the operations of my trading activities all around by giving Franchisee/Sub-broker ship. Anybody around to help me in this

vaishalimahadeshwar · #2 27th June 2009, 12:53 PM

are a sub-broker to a Member Broker the you can open franchisees under you and you acting as a master franchisee

vineetrawal · #3 18th December 2009, 05:18 PM

Quote:

Originally Posted by vishal.andy

Hi, I am having a BSE/NSE ticket... now want to expand the operations of my trading activities all around by giving Franchisee/Sub-broker ship. Anybody around to help me in this

HI, first of all you have to tell about yourself, about your company, we can help you in this matter, we are in stock market from last 7 years.

if you need help than contact me at
09717821502

pali.sembhy · #4 26th June 2010, 12:40 PM

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 pali.sembhy@yahoo.com , also mention ur phone number and location!
i will revert with the BEST PROPOSAL.ITS A PROMISE!

bbboy · #5 4th July 2010, 06:50 PM

Quote:

Originally Posted by vineetrawal

HI, first of all you have to tell about yourself, about your company, we can help you in this matter, we are in stock market from last 7 years.

if you need help than contact me at
09717821502

I am sure u can help me in below mentioned problem, as u have many years of experience in market. pls. reply

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

pali.sembhy · #6 6th July 2010, 03:28 PM

Quote:

Originally Posted by vishal.andy

Hi, I am having a BSE/NSE ticket... now want to expand the operations of my trading activities all around by giving Franchisee/Sub-broker ship. Anybody around to help me in this

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 pali.sembhy@yahoo.com , also mention ur phone number and location!
i will revert with the BEST PROPOSAL.ITS A PROMISE!