Saturday, February 4, 2023

How to Become a Stock Broker in India?

Have you noticed the difference between those who work for a generally fixed salary and those who work for incentives that shoot up based on their work? Even better, have you noticed the difference between earning a salary and saving up to invest in the stock market? A stock market is a massive place of growth – not just for professionals but even for the general public. Therefore, it isn’t surprising if you see people wanting to get going into jobs and places in this ever-growing market. One of the top searches in this list comes to the stockbroker. The stock broker plays a vital role in the stock market, making it one of the most sought jobs in the stock market.

In this article, that is exactly what we are going to be talking about. You would get to know everything that needs to be known to become a stockbroker in the country. 

How to Become a Stockbroker?

Let’s start from scratch –

The terms ‘equity’ and ‘stocks’ are utilized interchangeably but refer to the same thing. The stock market is where these stocks are traded. A stock exchange is a site where buyers and sellers of stocks can meet. In other words – it is a market for trading shares of publicly traded companies.

A stock can only be purchased or sold if it is listed on stock exchanges. The stock exchange could be viewed as a location, association, or institution where stockbrokers and traders trade in securities like stocks and other financial instruments that are listed on the exchange.

If you want to be a stockbroker, you must have the ability to think on your feet and be adaptable in an ever-changing environment. In this article, we have compiled a list of fields in which students can work as stockbrokers, the qualifications required to become a stockbroker, various Stock broker Certification courses, and top Institutes offering stockbroking courses, among other things.

Steps to Become a Stock Broker

Here are the boxes to tick in order to become a stockbroker in India:

Qualification: This is the first aspect to consider in terms of choosing a career.

A candidate must meet certain educational and physical needs to be considered for the position of stockbroker. The following are the needs to get a stockbroker license.

  • A minimum level of education is required. A bachelor’s degree and a minimum of two years of experience in a stockbroking firm are required.
  • A sub-broker must have completed class 12 to be considered for the position.
  • To become a professional stockbroker, a background in the specialized sections of commerce, business administration, or economics is preferred.
  • To gain more knowledge, pursue a postgraduate degree in commerce or economics or a Master of Business Administration (MBA in Financial Markets).

Certifications: Candidates who meet the above requirements can become stockbrokers. However, there are many other steps that are essential for becoming a broker. If the student has other qualifications, such as certain stockbroking certifications, it will make qualifying easier. A few of the certificate courses in stockbroking include the following:

  • Financial Markets Certification from the NSE.
  • Certified Market Professional at the NSE.
  • Capital Markets Certificate Program.
  • A Postgraduate Diploma in Capital Markets and Financial Services.
  • Postgraduate Diploma in Capital Market Development Fundamentals.

Experience: If you are already working – here is what would be considered.

  • For the registration process, a stockbroker and a sub-broker must adhere to the SEBI guidelines.
  • The application process requires your name, address, PAN number, other pertinent information, and the name of the stock exchange on which you wish to trade.
  • Furthermore, it is important to mention the various segments in which you trade, such as equity derivatives, equities, and currency derivatives, and each category to serve, such as trading members, trading and self-clearing members, and professional clearing members.
  • To begin trading, stockbrokers and sub-brokers must obtain a Certificate of Registration (CoR) from SEBI. According to the stock exchange regulations, no stockbroker or sub-broker will be allowed to practice until SEBI issues a valid CoR. A sub-broker can register with SEBI in the same way.
  • Stockbrokers and Sub-brokers must pay membership fees to the stock exchange. These fees apply only until SEBI determines that the applicants are eligible to become SEBI-registered stockbrokers and sub-brokers.
  • Following the receipt of the membership number, one can begin trading stocks on behalf of clients.
  • The National Stock Exchange of India (NISM) was established to educate stockbrokers, sub-brokers, and investors about the stock market. Some brokerage firms require NISM certification.

Examinations:  Candidates who want to pursue a career in stockbroking can take a variety of entrance exams to gain admission to better stock broking institutes. The following are the entrance exams available in this field.

  • BSE Certification is available on the Central Depository.
  • BSE Derivatives Exchange Certification.
  • Currency futures certification from the BSE.
  • BSE Securities Markets Certification.

Institutions: These are some of the institutions that offer you this career option.

  • Institute of Company Secretaries of India
  • All India Centre For Capital Market Studies
  • Institute of Capital Market Development
  • Mumbai Stock Exchange Training Institute
  • Institute of Financial and Investment Planning
  • Institute of Chartered Financial Analysts of India
  • The Orion Institute of Capital Market
  • The UTI Institute of Capital Market

As you may know, the sky is the limit. If you are someone who can deal with the highs and lows of the market along with meeting the demands of this work environment, then you are in for a great career. 


A stock broker is a crucial part of every stock market across the globe. Hoping this guide helped you to get a clear picture of taking up stock broker as a career. Make sure to take note of all the essential steps mentioned above and get going with this career option.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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