Membership Structure

Types of Membership Application
Fees *
Annual membership
fees
Deposit structure # Total Deposit Net Worth
    Exchange Clearing
Corporation
Exchange Clearing
Corporation
   
Trading Member 500 3,000 - 15,000 - 15,000 1,50,000
Trading Member &
Self-Clearing Member
500 3,000 10,000 15,000 75,000 90,000 7,50,000
Trading Member &
Clearing Member
500 3,000 10,000 15,000 85,000 1,00,000 15,00,000
Professional Clearing
Member
500 - 10,000 - 1,00,000 1,00,000 15,00,000
All fees mentioned above are in USD.
* Application fees to be paid at the time of applying for registration
# Annual Membership Fees & Deposits to be paid at the time of enablement for trading

Base Minimum Capital

Sr.No. Categories Base Minimum Capital Deposit US$
1 Only Proprietary trading without Algorithmic trading (Algo) 15,000
2 Trading only on behalf of Client (without proprietary trading) and without algo 25,000
3 Proprietary trading and trading on behalf of Client without Algo 40,000
4 All Trading Members/Brokers with Algo 75,000
Note: As per SEBI circular no CIR/MRD/DRMNP/36/2012 dated December 19, 2012 BMC is prescribed in INR currently; hence the above amounts may vary due to foreign exchange fluctuations
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