What is sub-broker called?

A 'Sub-Broker' is any person who is not a Trading Member of a Stock Exchange but who acts on behalf of a Trading Member as an agent or otherwise for assisting investors in dealing in securities through such Trading Members.

Which broker is best for sub-broker?

Sub-broker program is offered best by Angel Broking, then IIFL has the best sub-broker program, and then Motilal Oswal. They offer a wide variety of products to the sub-brokers to offer to clients. The range of support, facilities and revenue sharing makes these brokers the best for the sub-brokers program.

Who is a broker and sub-broker?

Broker Vs Sub-Broker Function: A stockbroker functions independently, while a sub-broker acts as an intermediary between the main stockbroker and its clients. A sub-broker is primarily entrusted with the responsibility of expanding the business network of the original stockbroker.

How do I start a sub broker?

Follow these steps if you wish to become a sub-broker: Apply for certification from the National Institute of Securities Markets (NISM). ... Register online with the Securities and Exchange Board of India (SEBI). ... Register with your local stock exchange.

Can a broker be a sub broker?

Working under a broker provides sub-brokers with key information about the stock market that they can use to further their market knowledge and personal trades. While they cannot function as brokers, they can still trade personally with any broker with their own funds.

Who can appoint sub broker?

A sub-broker is a person works on behalf of a trading member of a recognized stock exchange. A person appointed by a stockbroker and as an agent gets access to the trading platform of a stock exchange. Just needs to fill an agreement form with the stockbroker.

What is mutual fund distributor or sub-broker?

Mutual fund distributors are also called brokers in certain cases as they as an intermediary between the investors and the mutual fund companies and charge brokerage for providing their services. Sub- Broker, on the other hand, is an agent that acts between a large broking service company and the investors or traders.

Who are the sub brokers?

A 'Sub-Broker' is any person who is not a Trading Member of a Stock Exchange but who acts on behalf of a Trading Member as an agent or otherwise for assisting investors in dealing in securities through such Trading Members.

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BROkERDIStRIButOR Sub Broker Name & Code Kindly Affix Your Sub Broker ARN Stamp Employee Unique

Get BROkERDIStRIButOR Sub Broker Name & Code Kindly Affix Your Sub Broker ARN Stamp Employee Unique

Q: What is sub-broker called?

A &#039;Sub-Broker&#039; is any person who is not a Trading Member of a Stock Exchange but who acts on behalf of a Trading Member as an agent or otherwise for assisting investors in dealing in securities through such Trading Members.

Q: Who are the sub brokers?

A &#039;Sub-Broker&#039; is any person who is not a Trading Member of a Stock Exchange but who acts on behalf of a Trading Member as an agent or otherwise for assisting investors in dealing in securities through such Trading Members.

SIP / MICRO SIP AutO DEBIt (ECS) FORM Sr. No. BROkER/DIStRIButOR Sub Broker Name & Code kindly affix your Sub Broker ARN stamp Employee unique ID. No. (EuIN) AMFI Identity Number time Stamp No.

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