Taking ID Password or API details from the clients is not allowed by SEBI, if you are taking such details for placing trades via algo or master account in someone accounts, you are liable for losses occurs.
What need to follow to avoid these situations.
- Edit Strategy Details on Strategy Section on Sub-broker/Advisor dashboard
- Share strategy link with the clients. So that client can subscribe to that strategy. In this case we do not need to take any credential or API details from the clients.
- If you are charging any fees mention in strategy section. Whenever client will pay the fees, such fees will be collected by ComBiz Services Pvt. Ltd.,
and you will get collected fees from ComBiz Services Pvt Ltd on 7-10th Of Next Month. You can raise GST Invoice as well if you have GST Number.
- If you have some sharing basis service, you can make offline deals and in strategy section keep strategy cost minimal or 0.
- Platform usage fees will be charged from clients which will be 450 Rs Per Month.
- Payout amount = Total collected amount in month – 3% Note-3% is payment gateway charge.
- Calculation of payment for client > Ex- Strategy Cost – 5000, Platform Fees-450, GST – 18%
Payment needs to pay by client = 5000+450+ (5000+450) *18% = 6431 Rs
Your Payout for this payment = 5000 – 5000*3% = 4850