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Fees, Deposits & Networth Requirements

Net worth Requirements for IFSCA Incorporated Entities/Applicant

Types of Membership Application Processing Fees (In USD) Annual Membership Fees Interest Free Deposit (Refundable) # Total Deposit (In USD) Net Worth Requirement (In INR)** IFSCA Fees (In USD)
Exchange (India INX) (In USD) Clearing Corporation (India ICC) (In USD)* Exchange (India INX)(In USD) Clearing Corporation (India ICC) (In USD) Registration Fees (In USD) Annual Clearing Membership Fees (In USD)
Trading Member 500 3,000 - 10,000 - 10,000 1,00,00,000 1,000 -
Trading Member & Self-Clearing Member 500 3,000 10,000 10,000 75,000 85,000 5,00,00,000 1,000 1,000
Trading Member & Clearing Member 500 3,000 10,000 10,000 75,000 85,000 10,00,00,000 1,000 1,000
Professional Clearing Member 500 - 10,000 - 75,000 75,000 10,00,00,000 1,000 1,000

*Annual Membership Fee for ICC has been exempted for members till March 2022.
**Equivalent to USD
BMC deposit requirements for IFSCA incorporated entities is as follows:

Types of MembershipCategories BMC Deposit (in USD)
Only Proprietary trading without Algorithmic trading (Algo) 15,000
Trading only on behalf of Client (without proprietary trading) and without Algo 25,000
Proprietary trading and trading on behalf of Client without Algo 40,000
All Trading Members/Brokers with Algo 75,000


Fees, Deposits & Networth Requirements for Foreign Entities

Types of Membership Application Processing Fees(In USD) Annual Membership Fees Interest Free Deposit (Refundable) #

Total Deposit

(In USD)

Net
Worth
Requirement
IFSCA Fees (In USD)
Exchange (India INX)(In USD) Clearing Corporation (India ICC)(In USD)* Exchange (India INX) (In USD) Clearing Corporation (India ICC) Registration Fees Annual Clearing Membership Fees
Trading Member 500 3,000 - 10,000 - 10,000 1,35,000 1,000 -
Trading Member & Self-Clearing Member 500 3,000 10,000 10,000 75,000 85,000 6,75,000 1,000 1,000
Trading Member & Clearing Member 500 3,000 10,000 10,000 75,000 85,000 13,50,000 1,000 1,000

*Annual Membership Fee for ICC has been exempted for members till March 2022.

BMC deposit requirements for foreign entities is as follows:

Stock Broker

(In USD)

Clearing Member

(In USD)

Self Clearing Member

(In USD)
BMC deposit BMC deposit BMC deposit
Refer the below table 75,000 75,000


Type BMC Deposit (in USD)
Only Proprietary trading without Algorithmic trading (Algo) 15,000
Trading only on behalf of Client (without proprietary trading) and without Algo 25,000
Proprietary trading and trading on behalf of Client without Algo 40,000
All Trading Members/Brokers with Algo 75,000