MCX-SX is offering the following categories of membership:

• Trading Member (TM): A member with rights to trade on its own account as well as on account of its clients, but has no right to clear and settle such trades itself.
• Self Clearing Member (SCM): A SCM is entitled to clear and settle transactions on its own account or on account of its constituents only and not on account of any other Trading Members or their constituents.
• Trading-cum-Clearing Member (TCM): A member with a right to trade on its own account as well as on account of its clients. He can clear and settle the trades for self and for others through MCX-SX Clearing Corporation Ltd ( MCX-SX CCL).
• Professional Clearing Member (PCM): A PCM is entitled to clear and settle trades executed by other members of the Exchange. Only corporate entities or institutions are eligible to apply for PCM.
• Membership of MCX-SX can be taken by an Individual, Registered Partnership Firm, Corporate or Bank. Membership of MCX-SX cannot be taken by a member of any commodity exchange.
• Networth requirement for trading member (TM) is Rs. 1 Crore, for Self-Clearing Member (SCM) is Rs. 5 Crores, for Trading-Cum Clearing Member (TCM) and Professional Clearing Member (PCM) Rs. 10 Crores (To be computed as per the formula given by L.C Gupta Committee). In case of Banks the net worth requirement is Rs. 500 crores as per RBI guidelines.
• In case the applicant for membership of the Exchange is a Corporate, minimum paid up capital of the Corporate should be Rs 30 lakhs.
• Clearing Members must have a minimum liquid net worth of Rs 50 lakh at all points in time, after adjusting all margin requirements.
• Eligibility Criteria for at least 2 Directors
  • Age - Minimum 21 years of Age
  • Education - Should be at least a Graduate
  • Experience - Minimum 2 years relevant experience
• After provisional admission to membership of the Exchange, the membership has to be registered with SEBI
• For fees and deposit structure please refer New Membership Section