Q&A

How do I become a stock broker in India?

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How do I become a stock broker in India?

To become a stock broker, you need to first submit an application to Membership Services Department. Once the application is submitted, it will be sent for approval to the Compliance, Recommendation, and Membership Selection committee. After approval, SEBI Certificate is issued, and the trading system will be provided.

What qualifications do you need to be a stockbroker?

There are no set qualifications if you want to become a Stockbroker, although most employers will expect you to have a degree (normally class 2:1 or above). Your degree could be in any subject, but economics, business, finance or accountancy may give you the edge.

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Is stock broker a good career in India?

A career in share market is a very good option indeed. The job opportunities are opened in various organizations because of the Economic growth and liberalization. A stockbroker can be employed by various agencies and firms in India as well as in abroad.

How do I become an angel broking agent?

Angel Broking Franchise Criteria

  1. 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.
  2. Basic level of stock market trading and investment needed.
  3. Minimum education of Higher Secondary level or 10+2 in other words.

How to become a stock broker in India?

You should be a 21-year-old Indian Citizen and should have at least completed Higher Secondary College or 10 + 2 to become a stock broker. Also, you need to have an experience of not less than 2 years as a partner or authorized assistant or authorized clerk or remisier or apprentice to a Stock Broker.

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How to check the registration of a stock broker?

The Stock Broker/Sub Broker ought to display his registration details on his website and on all official documents which can be cross-verified on the SEBI website. The Securities Exchange Board of India (Stock Brokers and Sub Brokers) Rules and Regulations 1992 in Schedule II provides for the code of conduct of the stock brokers.

What are the SEBI requirements to start a stock broker?

Apart from the SEBI requirements, a stock broker will require registration with tax authorities, goods and service tax registration, intellectual property registration like a trademark, shops, and establishment registration.

What is the minimum deposit of a stock broker in India?

The stock broker might have to pay the one-time base minimum capital deposit (explained above). Further, a sub-broker may have to pay a one-time deposit amount ranging from Rs. 25,0000 to Rs. 3,00,000 depending on the broker.