Is there any difference between stock broker and trading member?

[Anshul_Mittal1]

Is there any difference between stock broker and trading member ?

[weaver_bird]

@Anshul_Mittal1

Is there any difference between stock broker and trading member ?

What is Trading Membership with NSE

To become a stock broker, you need a membership with the exchanges. This is called ‘Trading Membership’ abrivated as TM. All stock brokers such as Zerodha, ICICI Direct, Motilal etc hold these memberships with the exchanges. Yes, you can take up a membership at exchange and start trading. Something like an Alpha membership, which is focused towards proprietary trading with limited clientele will suit your requirement. But for all practical purposes, its better to have an account with a broker…