With the growth of internet trading and investment, the market has seen a large influx of new brokers. However, a few names stand out when it comes to the subject of which broker has the most clients. Among these, some of the most well-known brokers in India include Zerodha, Upstox, and Angel Broking.
Founded in 2010, Bengaluru-based broker Zerodha has experienced tremendous growth over time. It is renowned for its user-friendly trading platform and inexpensive brokerage fees. The largest broker in India in terms of active clients as of March 2021 is Zerodha, which has more than 5 million registered clients.
Another well-liked broker that has seen substantial user growth recently is Upstox. It provides a variety of trading and investment alternatives together with inexpensive brokerage fees. Upstox had more over 3 million registered users as of March 2021.
On the other hand, Angel Broking has been in business for more than 30 years and is well-known in both online and offline trading. It includes an intuitive trading platform and a variety of investment possibilities. Angel Broking had more than 2.5 million clients who have registered as of March 2021.
The Securities and Exchange Board of India (SEBI) requires that you obtain a broker certificate before you can start acting as a broker in India. The regulatory authority in charge of regulating the Indian securities market is called SEBI. By completing the National Institute of Securities Markets (NISM) certification exam, you can get a broker credential.
Registered Investment Advisors (RIAs) are likewise governed by SEBI in India. RIAs are people or businesses who counsel clients on their investments. You must finish the required certification program and meet all other eligibility requirements before applying to become a SEBI-registered RIA.
You must create a demat and trading account with a broker in order to sign up for the Indian stock market. You can do this offline by going to the broker’s office or online. To open the account, you must supply your personal and financial information along with the required paperwork.
While Zerodha has partnerships with several banks and financial organizations, IDFC First Bank is the company’s top partner. Customers of Zerodha are given a number of advantages by IDFC First Bank, such as a 3-in-1 account, no minimum balance requirement, and greater interest rates on savings accounts.
In conclusion, Zerodha is the broker with the most clients in India at the moment. The required certification from SEBI must be obtained in order to work as a broker or RIA. You must open a trading and demat account with a broker in order to become registered for the stock market. Additionally, if you select Zerodha as your broker, you will benefit from its affiliation with IDFC First Bank.
Nithin Kamath serves as the CEO of Zerodha.
Which stock broker franchise is the best? is a question that the article does not address. It just offers data on which broker has the most number of clients. Depending on a person’s interests and needs, there may be a difference in the finest stock broker franchise. Before choosing a broker franchise, it is advised to do some research and comparison.