How to start a Stock Broking Service?

[richardm1964]

Online Stock Trading is a well regulated system with proven technology and transparency. It is quite popular not only in urban areas but also in semi urban and rural areas.So to start a broking service , what are the procedures to be followed?

[axelnobel]

Full Service Stockbroking provides investment advice, market leading equity research and comprehensive broking services across a full range of trading products.

Key features

* Personal advice on a full range of investment options including floats and IPO opportunities
* Direct access to broking and transaction services as well as market-leading research and market analysts

[frankslade]

Hi,

Thanks for sharing the information.
I think real estate is the best option for investment besides stock market.

Frank Slade

[jpay]

Just must be kidding, real estate now a days are a nightmare... your porperty is loosing a lot of value... just my 2cents

[mneilson]

Full Service Stockbroking provides investment advice, market leading equity research and comprehensive broking services across a full range of trading products.

Key features

* Personal advice on a full range of investment options including floats and IPO opportunities
* Direct access to broking and transaction services as well as market-leading research and market analysts

Hello friend,
The member "richardm1964" who started the discussion had asked about how to start a "Stock Broking Company"? But you have described it's features and advantages. Hope you would understand.

[mneilson]

To start a stock Broking service, here are the following steps that needs to be taken?

1- Taking a membership of a Stock Exchange where you want to start your Broking service such as NSE, BSE, FTSE and DJI etc.
2- Approval from Market regulator such as SEBI(India) , SEC(USA) etc.
3- Approval of Central Bank of the country.
4- Opening Demat Account as a "DP".
5- Permission from Stock Exchange Clearing house.
6- Bank Account.
There are some other steps and formalities also.But the above 6 steps are very important.

[dannyarcher]

Thanks mneilson for sharing the information about the steps one needs to follow to open a stock broking service, please keep sharing such interesting tips.


Danny Archer