2006-06-28 20:58:48 · 5 answers · asked by Vetty 2 in Business & Finance ➔ Careers & Employment
Along with your series 7 I also know that online trading sites like TD Ameritrade now has the option for another party to give you the right to buy and sell for them. It is even setup in such a way that you can manage all accounts at the same time. So have your customers sign up to this sort of program and you can manager thier money, if you were thinking about doing it online.
2006-06-28 21:07:56 · answer #1 · answered by Gene G 1 · 0⤊ 0⤋
Your question was vague.
I order to become stock broker either you have to become member of any stock exchange in India or you have to get attached with some other member of stock exchange, which is called as "Sub-Brokership"
Being a member of stock exchange is no mean task. You need good amount of money to create the infrastructure (can runs into lakhs and crores)(even stock ticket of BSE is in crores right now), need good knowledge about the market and so and so forth.
The best option for you is to approach some broker and become its sub-broker. He may impose certain conditions upon you (as per guidelines of SEBI and stock exchange in question), may take your interview and may even demand some financial security or deposit. You shall be also responsible for daily/weekly/trade off margins required by the stock-exchanges for trade executed by you. You may also be required to get yorself registered withthe service tax department.
2006-06-28 21:08:56 · answer #2 · answered by DeepakB 3 · 0⤊ 0⤋
get a series 7 license
http://www.investopedia.com/professionals/series7
2006-06-28 21:02:29 · answer #3 · answered by Iomegan 4 · 0⤊ 0⤋
Wow! Thank you! I was asking myself the same question yesterday
2016-08-23 00:46:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yeah it might be correct
2016-07-27 03:28:51 · answer #5 · answered by ? 4 · 0⤊ 0⤋