Amid these unprecedented times of COVID where every industry is fighting a war of survival, there is one industry other than FMCG that is experiencing an unexpected surge in its business, that’s the financial industry, specifically stockbroking firms. There has been a spike in numbers of Demat and trading accounts opening during COVID times. Stockbroking companies are offering free Demat accounts along with a lot of freebies. And that is good news for investors as companies while re-shaping itself to accommodate such an increase in numbers, are coming up with new ideas to attract new investors. Considering the amount of time everyone has, it will be a good and life-lasting learning experience for investors.
In this space, we are going to cover 2 leading but different stockbroking firms and both are no. 1 in their respective segments-
With the convenience of a 3-in-1 online trading platform to 35 financial products under its kitty to unique instant payout feature, there is a lot you can do with your account. Investors have ease of trading in equity, currency, and commodity along with MFs, FDs, bonds, IPO, insurance, and much more under one roof. ICICI Direct is known for its innovative products like Margin Plus, Margin, BTST, SPOT. Now, anyone can open an online demat and trading account while sitting at home safely. Refer below table for information on charges-
Zerodha surpassed ICICI direct in January 2019 to become India’s largest stockbroker In terms of total active clients. It took Zerodha less than 10 years to achieve that fate and forced many large players in that segment to change largely thanks to its unprecedented disrupted pricing model. Zerodha was the first discount broker of India who offered zero delivery brokerage to its clients. Not just pricing, it offers the best of technology available to any investor it’s through trading platform Kite, Console, Varsity, and Coin. Open free trading and Demat account anytime, any day in just about 5 min. More information on pricing-