How to be a broker?

[Baldev_Singh1]

Hi All,

I want to be a broker and wish to pursue it.
What are the pre-requisites for that?

Thanks a lot in advance/
-Baldev S.

[siva]

@Baldev_Singh1

I want to be a broker and wish to pursue it.
What are the pre-requisites for that?

Broker mean you want to work in stock broking industry or want to start a broking firm like zerodha?

[gowtham4]

How to start a brokerage firm

How to start a brokerage firm

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How to become a sub broker

Should I become a sub-broker? And if yes, how to proceed?

Firstly, the entity "Sub-brokers" is getting phased out, exchanges don't register sub-brokers anymore. The new term is called "Authorized Person (AP)". Sub-broker used to be a separate registered entity with SEBI, whereas an AP is registered only with the exchange. What this means is that if an AP does any misdeed, unlike with sub-brokers SEBI can hold the main brokerage also responsible.  So if today, you want to go partner with a broker, you will be called an Authorized person, and not sub-br…