Our membership structure is designed to support a wide range of participants in the trading ecosystem, including traders, brokers, and clearing entities. Each category has been carefully defined to match specific operational roles, trading rights, and settlement responsibilities. Review the membership options below to understand their eligibility criteria and select the most suitable category for your business requirements.
TM will have the rights to trade on the platform on their own account as well as on account of clients registered with them but shall have no right to clear and settle such trades themselves. TMs will have to get affiliated with any one of PCM/STCM for clearing their trades/transactions. These are often called Broker also.
| Criteria | Particulars |
|---|---|
| Admission Fee | ₹ 10,000 |
| Security Deposit(Based on turnover 2%) | NIL |
| Minimum Net-worth | Positive |
| Area | Not defined |
A Clearing Member (CM) is a key participant in financial markets responsible for the clearing and settlement of trades. They ensure that transactions between buyers and sellers are completed smoothly, securely, and without default.
A TCM is a member who trades and clears its own trades as well as its clients’ trades.
A PCM provides clearing services to other trading members and their clients but does not trade on its own account.
An STCM trades and clears its own trades as well as clears trades of its clients and other trading member’s clients.
| Criteria | TCM | PCM | STCM |
|---|---|---|---|
| Admission Fee | ₹ 1,00,000 | ₹ 1,00,000 | ₹ 1,00,000 |
| Security Deposit(Based on turnover 2%) | ₹ 10.00 Lakh | ₹ 10.00 Lakh | ₹ 10.00 Lakh |
| Minimum Net-worth | ₹ 1 Crore | ₹ 10 Crore | ₹ 2 Crore |
| Trade Allowed | Yes | No | Yes |
| Clearing Scope | Own trades only | Others only | Own + Limited clients |
| Area | Not defined | Not defined | One in a district |
A Custodial Participant (CP) is an approved client registered with the clearing framework for executing trades through Trading Members while clearing and settlement obligations are handled by an authorized Clearing Member.
Custodial Participants support smooth trading operations by assisting in mandi compliance, GST compliance, timely credit management, and separate profit & loss tracking while ensuring transparency and efficient settlement processes.
Becoming a member is quick and straightforward. Simply select the appropriate membership category, complete the application form with your firm and partner details, and upload the required KYC documents. Once your application is verified and approved, you will be onboarded and granted access to start using the platform.
Choose the right membership category
Provide firm and partner details
Submit KYC and required documents
Verification and platform access