Stock Broker Comparison: Features, Charges – Groww, Zerodha, Upstox, Angel Broking

Stock Broker Comparison: Features, Charges - Groww, Zerodha, Upstox, Angel Broking

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

ServicesGrowwZerodhaUpstoxAngle One
Futures and Options (F&O)YesYesYesYes
Mutual FundsYesYesYesYes
BondsNoYesYesYes
IPOYesYesYesYes
EquityYesYesYesYes
CurrencyNoYesYesYes
CommodityNoYesYesYes
ETFsYesYesYesYes
Margin FundingNoNoYesYes
Mobile TradingYesYesYesYes
ChartingYesYesYesYes
Free Trading CallsNoNoNoYes
3 in 1 accountNoYesYesNo
Margin Against SharesNoYesYesYes
Automatic TradingNoYesYesYes
Free Research reportsNoNoNoYes
Demat Account Opening ChargesRs 0Equity – Rs 200
Commodity – Rs 100
Rs 249Rs 0
Demat Account AMC (Annual Maintenance Charge)0Rs 300Rs 249Rs 240
Equity FuturesRs 200.03%0.05%0.25%
Equity Delivery0.05%02.50%0
Currency Futures0.03%0.05%0.25%
Commodity Futures0.03%0.05%0.25%
Equity OptionsRs 20Rs 20Rs 20Rs 20
Equity Intraday0.05%0.03%0.05%0.25%
Currency Options0.03%Rs 20Rs 20
Commodity Options0.03%Rs 20Rs 20
Good Till Cancelled (GTC)NoYesNoNo
Bracket OrderNoNoNoNo
After Market Order(AMO)NoYesYesNo
Cover OrderNoYesYesYes
BTST (Buy Today Sell Tomorrow)YesYesNoYes
STBT (Sell Today Buy Tomorrow)NoNoNoNo

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 CompanyActive ClientYear
Zerodha Broking Limited56,85,7232021-22
RKSV Securities India PVT LTD45,51,7552021-22
Angel Broking Limited30,60,3982021-22
NextBillion Technology PVT LTD29,64,3442021-22
ICICI Securities Limited27,52,8642021-22

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%.

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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

Which broker has more active clients?

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

Which broker has the most active market shares?

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%.