Hiii..

Hi

Opening a broker office is a big task today as it involves crores and crores money to be invested. Opening a sub broker office is easier as you will be affiliated to some main broker. Indicative Requirements are as follows:

1. Security deposit of 2-3 lakhs depending on the area you open. They are negotiable.
2. Fixing your share of brokerage with main broker. Most of the brokers offer both % sharing and fixed sharing structures. You have to decide which one will suit for you.
3. Few systems as per your requirements and the no. of clients expectations.
4. Dealers and back office ppl
5. Registering youeself as a SEBI registered sub broker which will cost you 20k

The above procedures are easier and you can start the business easily with less investments. Making break even and profits depend on your volume of business and the ethics you follow in sub broking business. Most of the sub brokers lose because of proprietory trading or trading in client's a/cs without their knowledge etc...

Just acquire clients and do your sub broking business as it is... my view is you can break even easily within 2 years at the maximum.

Hope you are clear.