July 24, 2024
Become sub broker in NSE

How To Become a Sub Broker in NSE?

NSE is often considered one of the major stock exchanges in the country. Since sub broking is a lucrative business opportunity, it is only right that individuals get registered with NSE to cater to a wider audience. So, today we’ll be learning how to become a sub broker in NSE.

To think of, the stock market is a place for business opportunities and sub broking is one of the best opportunities available out there. However, there are a few procedures that need to be followed. 

As per SEBI, a Sub Broker is a person who is not involved in trading activities on a stock exchange, but instead acts as an agent and assists other investors, traders in carrying out trade in various financial securities. 

There’s huge potential in becoming a sub broker in NSE, as there are more than 1.5 Crore active traders on the stock exchange. Thus, making it the second-largest stock exchange in India in terms of registered clients.

NSE might be smaller in comparison to BSE which has 5.8 Crore active clients but NSE enjoys the advantage of housing more liquid stocks on its index. The stocks listed on Nifty50 are more liquid, thus easy to trade on the stock market.

To traders, liquidity is one of the most important aspects and thus are drawn towards trading on stocks listed on the stock exchange.

So, if you too are interested in getting registered as a sub broker on NSE. Here is the article that will resolve your query.

NSE Sub Broker Registration

As mentioned above there are many perks and benefits of becoming a sub broker with a NSE listed stockbroker. However, there are some steps involved in the sub broker registration process.

After you’ve checked the eligibility criteria as defined by your desired stockbroker and the list of documents, here are the steps involved in the registration process :

  1. Fill in the details in the registration form mentioned below.

  2. We will get you in touch with the stockbroker’s representatives to discuss your business particulars. 
  3. You can choose to arrange for a physical meeting as well. Submit the documents and deposit the initial investment amount at the time of registration.
  4. Fill in the registration form and deposit the registration fee for the selected trading segments.
  5. After this, the documents will be sent for verification. Upon verification, you will be provided with your login credentials – Login ID and a corresponding password.

You will need the credentials to gain access to the stockbroker’s back office to activate your sub-broker account.

NSE Sub Broker Charges

The individual will have to pay a one-time registration fee of ₹2,000 plus the GST Taxes for becoming a sub broker.

In addition to this, the trader will need to deposit the minimum investment amount or the security charges as described by the stockbroker you choose to become a sub broker with. This amount can vary across various stockbrokers. 

NSE Sub Broker Documents

As mentioned above, the NSE sub broker registration process requires a trader to maintain some documents. The list of documents is mentioned on the stock exchange’s official website. 

The trader will need to provide the following set of documents to become a sub broker in NSE : 

  1. Qualification Proof – HSC or above. The applicant can submit their Diploma certificate along with their SSC mark sheet. In case the qualification of the applicant is less than HSC, then the applicant can submit their experience certificate as a dealer in the stock market for at least 2 years.
  2. ID Proof – PAN card, Aadhaar Card, Passport, Driving License, Voter ID Card.
  3. National Institute of Securities Markets (NISM) certificate
  4. Address Proof – Aadhaar Card, Ration Card, Voter ID, Passport, Phone Bill, Electricity Bill, Driving License, Rent agreement.

The individuals can always check on the status of their Sub-Broker registration application in the ENIT (Electronic NSE Interface for Trading Members) application.

NSE Sub Broker Eligibility

There are some eligibility criteria that an individual needs to fulfill to become a sub broker in the stock exchange. The stock exchange has well-defined sub-broker eligibility criteria.

However, the eligibility criteria can differ from one stockbroker to the other. So, the onus lies with the individuals to verify the eligibility criteria with the stockbroker as well before proceeding further. 

The NSE sub broker eligibility criteria are mentioned below :

  • To become a sub-broker, the applicant should be over 21 years of age 
  • The applicant should have a SEBI registration form.
  • The applicant should at least be 12th pass and must possess a Higher Secondary Certificate. 
  • In case, the applicant does not have the above qualification or proof of the educational qualification. Then the applicant should have an experience certificate in Capital Market for at least 2 years.


NSE or National Stock Exchange is one of the biggest stock exchanges in the country. The stock exchange established in 1992 is the first exchange in India to have an automated screen-based electronic trading system.

The stock exchange is smaller than BSE in terms of active clients, but the stocks listed on NSE are more liquid than the ones listed on BSE. This means that the securities listed on the NSE are easier to trade than their BSE counterparts. 

This makes for an attractive place for starting a sub-brokership venture. Interested individuals should check up on the eligibility criteria before learning how to become a sub broker in NSE? 

The registration process described by the stock exchange is pretty straightforward. Once the applicant decides the stockbroker he/she wishes to associate with, the applicant will need to submit a few documents, pay up the NSE sub broker charges.

The applicant will be provided login credentials to set up the Sub broker account to begin their business. 

If you are interested in becoming a sub-broker or a stockbroking business partnership in any capacity, let us assist you in taking the next steps forward:


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