Hello @nithin
I have recently commenced my role as a dealer with XYZ broker. I have provided them with my NISM certificate, and in return, they have assigned me a prop ID as a dealer, with a compensation structure consisting of a salary and quarterly profit sharing.
I would like to confirm the validity of this arrangement and seek your advice on whether it is advisable to receive the profit-sharing component in my current account labeled as a professional fee.
Thank you for your guidance.
Have you been asked to deposit funds with the broker?