How to become share broker.
Tell me I want to be share broker but no idea?
We can’t trade or invest money directly in the Stock Market. A stockbroker can help you open a Demat and Trading account through which you can buy or sell shares. These stockbrokers charge a fee called brokerage fees to enable us to trade on the Stock Market.
To become a stockbroker, you need to register with the Securities and Exchange Board of India (SEBI). You must to fulfil all requirements laid by SEBI to become a stockbroker. After completing all the formalities with SEBI, you get a certificate for registration from the Board.
After this, you need to apply for membership in Stock Exchanges, such as the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE). For this, you have to pay a membership fee and a security deposit.
There are certain criteria that need to be fulfilled to become a stockbroker, such as:
You must be above the age of 21
You should have an experience of more than 2 years of working with a stockbroker.
A stockbroker should also register with the Depository so that Securities can be stored in the depository in an electronic form. If you want to become a stockbroker then it requires a lot of paperwork and registrations. You also will be required to hire a compliance officer who keeps an eye on every compliance-related detail of the investors. For investors, you’ll have to develop trading software and a mobile app which requires a lot of money.