Can Subbrokers provide trading calls

toingpoing

Well-Known Member
#2
Hello everyone,
Can someone also advise if a sub broker can i) provide trading calls & ii) Charge for the service?
Do not go for tips from a sub broker ,even if it is for free.For that matter,taking tips from anyone,however professional or expert he might be,is never recommended. Develop your own strategy for consistent returns on money.
 
#3
Hello everyone,
Can someone also advise if a sub broker can i) provide trading calls & ii) Charge for the service?
I second the opinion of member toingpoing.

But to answer your question directly, Yes, sub-brokers can advice and provide tips and recommendations to their clients. Also, it is the discretion of the sub broker to charge or not for his advice. I don't think there is any legal aspect which can deny him the freedom to charge for his advice. But as per my knowledge, sub brokers don't necessarily charge you for their advice.

Although there is one concept which is widely followed wherein the sub broker acts as a portfolio manager. Wherein, the sub broker asks you to open an account with him/her. The sub broker then trades on your behalf and then as per predetermined rates, he may take a certain percentage of the profits that is generated for you.

Im not sure if this was what you were referring to.

Hope this helps.

Cheers

Let us know if you decide to go forward with your idea of opening an account with the sub broker and let us know the charges/percentage of return that he is charging for his services.
 

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