Groww, Zerodha, Upstox, Angle One Which of these is a better stockbroker, what are their features, charges, which is the top stock broker according to the data of NSE, and which broker has more active clients.
Stock Broker Comparison: Features, Charges – Groww, Zerodha, Upstox, Angel Broking
| Services | Groww | Zerodha | Upstox | Angle One |
|---|---|---|---|---|
| Futures and Options (F&O) |  | | | |
| Mutual Funds | | | | |
| Bonds |  | | | |
| IPO | | | | |
| Equity | | | | |
| Currency | | | | |
| Commodity | | | | |
| ETFs | | | | |
| Margin Funding | | | | |
| Mobile Trading | | | | |
| Charting | | | | |
| Free Trading Calls | | | | |
| 3 in 1 account | | | | |
| Margin Against Shares | | | | |
| Automatic Trading | | | | |
| Free Research reports | | | | |
| Demat Account Opening Charges | Rs 0 | Equity – Rs 200 Commodity – Rs 100 | Rs 249 | Rs 0 |
| Demat Account AMC (Annual Maintenance Charge) | 0 | Rs 300 | Rs 249 | Rs 240 |
| Equity Futures | Rs 20 | 0.03% | 0.05% | 0.25% |
| Equity Delivery | 0.05% | 0 | 2.50% | 0 |
| Currency Futures | 0.03% | 0.05% | 0.25% | |
| Commodity Futures | 0.03% | 0.05% | 0.25% | |
| Equity Options | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Equity Intraday | 0.05% | 0.03% | 0.05% | 0.25% |
| Currency Options | 0.03% | Rs 20 | Rs 20 | |
| Commodity Options | 0.03% | Rs 20 | Rs 20 | |
| Good Till Cancelled (GTC) | | | | |
| Bracket Order | | | | |
| After Market Order(AMO) | | | | |
| Cover Order | | | | |
| BTST (Buy Today Sell Tomorrow) | | | | |
| STBT (Sell Today Buy Tomorrow) | | | | |
Brokerage Charges: Whenever you trade or invest, you will have to pay brokerage, so these are important charges.
Many people have opened a lot of Demat accounts in the last two to three years but the active clients are fewer. Many people do not trade or do not invest at all. According to NSE data, this market has changed a lot from 2013-14 to 2022.
According to NSE data, the total active Demat accounts in India in 2013-14 were 42 lakhs which has increased to 3.15 crores in 2021-22 (more than 7 times).
Here in 2013-14, the total active client was approx 42,88,171. And the number one broker was ICICI Securities Limited, they had 5,00,733 clients and had a total market share of 11.68%.
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Which broker has more active clients
| Stock Broker Company | Active Client | Year |
|---|---|---|
| Zerodha Broking Limited | 56,85,723 | 2021-22 |
| RKSV Securities India PVT LTD | 45,51,755 | 2021-22 |
| Angel Broking Limited | 30,60,398 | 2021-22 |
| NextBillion Technology PVT LTD | 29,64,344 | 2021-22 |
| ICICI Securities Limited | 27,52,864 | 2021-22 |
In 2018-19, the total client was around 87,82,207 and the market almost doubled within 5 years. Here the number one player emerged Zerodha Broking Ltd.
Zerodha is a discount broker and it brought the concept of discount broking to India for the first time and mainly focused on technology.
You will see that in the last seven-eight years, all the players who have focused on technology, who have paid attention to the user interface, have paid more attention to technology, have made things simple for the people, those players have now gone out to the top.
Zerodha’s number of clients was 9,09,008, they were almost 1 million to touch and their market share was 10.35%.
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From here, in the next two to three years, Zerodha is also the number one player in the data for 2021-22, focused on technology and 56,85,723 active clients.
After the Covid-19 pandemic, many Demat accounts were opened, although many of them are also inactive, all the accounts in these tables are active accounts according to the data of NSE.
Number 2 player comes RKSV Securities India PVT LTD. We know RKSV Securities India PVT LTD by the name of Upstox, their market share is 14.42% and Zerodha has a market share of around 18.02%.
Although Angel Broking Limited has also been a traditional stockbroker, they have also started focusing on discount broking, so they have about 30,60,398 active clients and their market share is 9.70%.
NextBillion Technology PVT LTD comes at number four. It is popularly known as Groww. Here it is, four discount brokers.
ICICI Securities Limited is at number five, 5Paisa Capital Limited is at number six, it is also a discount broker.
So all the top 5 discount brokers on this have more than 50% market share.
So it turns out that those brokers who have focused on technology, have focused on discount broking, those brokers have captured the market share.
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FAQ
Zerodha is also the number one player in the data for 2021-22, focused on technology and 56,85,723 active clients.
1. Zerodha Broking Limited – 56,85,723 active clients
2. RKSV Securities India PVT LTD – 45,51,755 active clients
3. Angel Broking Limited – 30,60,398 active clients
4. NextBillion Technology PVT LTD – 29,64,344 active clients
5. ICICI Securities Limited – 27,52,864 active clients
1. Zerodha: Zerodha is also the number one player in the data for 2021-22, focused on technology and 56,85,723 active clients.
2. Upstox: RKSV Securities India PVT LTD. We know RKSV Securities India PVT LTD by the name of Upstox, their market share is 14.42% and Zerodha has a market share of around 18.02%.
3. Angle One: Although Angel Broking Limited has also been a traditional stockbroker, they have also started focusing on discount broking, so they have about 30,60,398 active clients and their market share is 9.70%.