COMPLETE GUIDE BOOK FOR SUCCESSFUL STOCK BROKER

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

Connectivity

(leaseline/broadband)  12000-30000 PA

Trading Software 12000PA

Registration fee 15000

Computers 25000

UPS –Invertor 15000

 TV+cable 5000

Running expenses

Office 10000

Phone 2000

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.

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