How to Become a Sub broker?

You can become a Sub Broker in 5 easy steps:

• Drop the enquiry
• Receive the call from our help desk
• Provide all documents as stated in the checklist
• Submit the cheque along with registration amount
• Your code is generated

Documents Required

You need the following documents (for Individual) to open an account:

• Pan Card
• Aadhar Card
• Educational proof (minimum intermediate)
• Residential address proof
• Office address proof (electricity bill, phone bill-BSNL or MTNL, bank statement)
• Four photographs
• CA reference letter
• Name affidavit in case of any kind of mismatch in name on a Rs. 10 stamp paper

Note:

FAQs

• What are the products and services offered by SMC through its Business Partners/Associates?

  SMC facilitates trading activities in all the major market segments including; equity, derivatives, commodities, interest derivatives and currency futures. It’s robust and user-friendly trading platform enables to execute trades simultaneously across all segments. We also have whole bucket of other services like online trading, depository, IPO, mutual funds, insurance broking, institution broking, margin funding, NRI services, clearing services, investment banking, PMS, wealth advisory and research to provide you extra edge over others.

• What is the earning potential of SMC through its Business Partners/Associates?

  Our association in the business venture will ensure that you maximize your earning potential.

• Does a Sub-Broker has to be registered with SEBI, NSE & BSE?

  Yes, to become an authorized Sub-Broker it is necessary to get registered with the respective stock exchanges and SEBI.

• What are the eligibility criteria for becoming a Business Partner/Associate?

  An entity (Individual, Company or Partnership firm) with good track record & reputation in financial services/other business / social circle with good client and minimum 1-2 years of experience in selling financial products as a Main broker / Sub broker / Remisier / Mutual fund distributor / Insurance Advisor/ Financial planner or an employee of existing Broker / Sub-broker with capacity to invest minimum Rs 3-5 lac initially and ability to invest continuously in Infrastructure & people as per their business requirements.

What are the infrastructure requirements for becoming a Business Partner/Associate?

Min. 250-500sq feet of office space preferably in a prime location. Telephone line with voice logger. Workstation with VSAT/broadband network connectivity required to set up a trading terminal back office.

How can I represent myself as a Business Partner/Associate?

SMC believes that even after the association, our Business Partners/Associates should have their own identity. A Business Partner/Associate can represent himself as a Sub-Broker of SMC. This can be done by various modes of communications like: Glow sign boards, SMC Letterheads, SMC Visiting Cards , SMC Product Brochures, Posters, Standees, Canopies & other marketing collaterals.

Do I have access to research reports published by SMC and also the opportunity to personally interact with the research analysts?

Yes, you have complete access to all types of research reports published by SMC. We also give you opportunities to personally interact with our research team via conference calls, chats and also research seminars. We also support our clients through Intraday SMS, E-mails and our weekly research magazine ‘Wise Money”.

What kind of marketing support would a Business Partner/Associate receive from SMC?

An SMC Business Partner/Associate would receive the Marketing Support through TV, Newspapers, Website, Marketing Collaterals, Seminars and Events, Outdoor Signage Posters, Standees, Canopies, Newsletters and Product E-mailers etc.

Will the employees of a Business Partner/Associate receive Product Training from SMC?

Yes, employees of Business Partner/Associate will be trained on all the product offerings and consistent assistance will be provided in understanding different aspects across the product line.

I have never been a Sub-Broker. Will that affect my eligibility?

No, we look at the ability of an individual and his experience in the financial markets. We also access your reputation in financial services / other businesses / social records with a good client base and past track record.

How should I analyse the performance of my clients?

SMC has a dedicated section on the website where you can check various data and reports that will help you to analyse and make effective decisions.

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