Who is a sub broker?
Who is a sub broker?
A sub-broker is an agent who is associated with a trading member of the stock exchange. To be a sub-broker, one must be registered with the Securities and Exchange Board of India (SEBI) and with a local stock exchange. Sub-brokers help their clients to buy and sell securities in the stock market.
What is the salary of sub broker in India?
The highest salary for a Sub Broker in India is ₹39,667 per month. The lowest salary for a Sub Broker in India is ₹15,000 per month.
Is sub broker profitable?
Conclusion. A sub broker can earn nearly 60 per cent of the income a broker makes on any given transaction provided it is the right broker. The more established the broker and their system, the better it is for the sub broker. Choosing the right partner is at the heart of earning a good sub broker income.
How much do Subbrokers earn?
Sub Broker salary in India ranges between ₹ 0.8 Lakhs to ₹ 7.2 Lakhs with an average annual salary of ₹ 3.6 Lakhs. Salary estimates are based on 160 salaries received from Sub Brokers.
How do sub broker earn?
A sub-broker earns his/her compensation through the commission for every executed transaction. Since they act as middlemen between the stockbroker firms licensed to trade in the stock exchange (NSE, BSE for instance) and the clients, a sub-broker earns more if he has a large and high-turnover based client base.
Are there any good stock brokers in Mumbai?
Almost all top stock brokers are based out of Mumbai. They have head office and registered office at Mumbai. More over the two biggest stock exchanges NSE and BSE are also located in Mumbai. So let us understand about few well established stock brokers of Mumbai.
Who are the top 10 sub-broker partners in stock market?
Answer – The top 10 sub-broker partners in stock market at Angel broking franchise, share Khan franchise, Motilal Oswal franchise, SMC franchise, ICICI direct franchise, IIFL franchise, Kotak securities franchise, Sushil finance franchise, Nirmal bang franchise and last but not the least profit mart franchise.
What should a sub broker look for in a channel partner?
This significantly relates to the volume of money a sub broker can earn from their client, the lower the revenue share percentage a franchise owner takes is better for sub broker. Another important parameter any sub broker will look for before finalizing a channel partner.
Is it okay to become a sub broker of Sharekhan?
Answer – It is definitely more than just okay to become a sub broker of Sharekhan. The reasons being, it is extremely technology-backed, it provides an in-depth research, comprehensive training is given to the employees, there is a solid marketing support and various activities for the outlet are presented.
