Top discount stock brokers

1. Zerodha - 5,40,905 customers (8 year old company - currently the 3rd largest company in India after ICICI securities, HDFC securities beating Sharekhan, Motilal Oswal & Angel investors.

2. Upstox - 43,889 (backed by Ratan Tata)

3. 5Paise.com - 36,034

4. Samso securities - 29,595

5. Trade Smart online - 19,469

6. SAS online - 11,869

Aadhar based e-KYC that has cut down the time from few days to just few minutes & low cost high speed internet from Jio has helped these discount brokers.

Focus on retail investors & technology has helped them as well. Bigger firms focus only on HNIs and Wealth management.

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