Broker Registration
Aspiring brokers can leverage our end-to-end solutions to establish stock broking businesses, from SEBI registration to technology deployment and launch.
Introduction & Regulatory Background
.svg)
SEBI (Stock Brokers) Regulations, 2026 is the primary regulatory framework for Stock Brokers. This is seconded by Bye-laws, Rules, Regulations and Circulars of respective Exchanges / Clearing Corporations (CC).
To become a Stock Broker one needs to become a member of one or more Exchanges / CC by registering with them.
Entity Requirement: A Stock Broker can be: an individual, a partnership firm, a Limited Liability Company (LLP) or a company.
Categories of Membership of Exchanges:
Trading Members (TM)
As a TM, you may trade for self or clients, while clearing and settlement occur through a Clearing Member.
Trading cum Self Clearing Member (TSC)
As a TSC, you may trade for self and clients and independently clear and settle without appointing a Clearing Member.
Trading cum Clearing Member (TCM)
As a TCM, you may trade for self and clients and clear and settle trades for other Trading Members.
Professional Clearing Member (PCM)
As a PCM, you may only clear and settle trades for other Trading Members or clients, without offering trading services.
Segments of Membership
Capital Market
Existing securities are actively bought and sold among investors and traders operating within the Capital Market segment.
Equity Derivatives
Derivatives, including futures and options contracts of securities and indices, can be transacted on the Equity Derivatives segment.
Commodity Derivatives
Derivatives, including futures and options contracts of commodities, can be traded on the Commodity Derivatives Segment market platform in India.
Currency Derivatives
Futures contracts for currencies US Dollar, Euro, British Pound and Japanese Yen are traded on the Currency Derivatives Segment market.
Types of Membership
Normal
A normal membership enables unrestricted business expansion by allowing members to add any number of clients without limitations. Most Stock Brokers typically opt for a Normal Membership, as it supports scalable operations, sustained growth and flexibility to accommodate expanding client portfolios efficiently.
Alpha
An alpha membership allows transactions in proprietary (own) account of a member and up to 50 clients which are closely related to the member. This membership is suitable for members intending to carry out proprietary trading and trading for a few entities related to the member like its directors, their relatives etc.
How SecMark Assists
Advising on matters related to entity structure, entity formation, infrastructure and team requirement, etc. for Exchange / CC membership and SEBI registration
Assistance in applying for registration with exchanges.
Advising on qualification and experience required for getting the licenses.
Responding to queries of exchanges and SEBI, getting certificate of registration.
Guidance for appearing for an interview
Assistance in setting up operations.
Designing policies, procedures and operation processes.
Providing Technology Solutions including E-KYC, Mobile and Web Trading, Middleware and API suite, Partner Portal (Sub-brokers and branches), Back Office Solution, PMLA and Surveillance, Compliance Solution, SmartReco.
