| Aspect | Sub Broker | Stock Broker |
|---|
| Credentials | SEBI registration, basic certification | SEBI registration, higher licensing, certifications |
| Work Environment | Operates under a stock broker, often from a smaller office or home | Works directly with clients, often from brokerage firms or offices |
| Employer & Industry Usage | Acts as an intermediary for stock brokers, common in securities industry | Provides trading services directly to clients in stock markets |
In summary, a Sub Broker acts as an intermediary working under a Stock Broker, focusing on client acquisition and support, while a Stock Broker directly executes trades and manages client portfolios. Both roles require SEBI registration but differ in responsibilities and work setup.