SUBBROKER career seems small but it is a very big business of huge turnover. When we see 0.03% & 0.3% brokerage for intraday & delivery, then broker’s income seems very small,but it can expand 10-50times with same resources.
What are the expenses to SET UP a sub broking terminal
Refundable deposit 50,000 to 1lac
(leaseline/broadband) 12000-30000 PA
Trading Software 12000PA
Registration fee 15000
UPS –Invertor 15000
Subroker terminal needs investment less than smallest traditional business & it can give earning more than 4times.If any person handles 4-5 account of his family only,he can afford terminal cost.It will be free in first 1-2years & will keep giving extra income lifelong.