Mumbai, July 10 (IANS). In the first half of the calendar year (2025), about 2 million active users of the top four online trading platforms have come down. This information came from the data available on the National Stock Exchange (NSE) on Thursday.
This decline has come despite the market strength during four consecutive months.
The first half of this year has been very difficult for the country’s top four brokers Grow, Zirodha, Angel One and Upstox. In June alone, 6 million users of these brokers have reduced.
The implementation of strict rules for trade in the Futures and Options (F&O) segment by the Market Regulatory Securities and Exchange Board (SEBI) is the major reason for the decline in the number of active users of major brokers.
From the beginning of this year, according to the number of active users, the number of active users of the country’s largest broker Grow has decreased by six lakhs. Jirodha, the biggest broker in terms of revenue, also lost more than 5.4 lakh active users in the same period.
Angel One has lost over 4.5 lakh active users, while the user base of the upstox during the review period has reduced more than 3 lakh active users.
These four companies jointly added about one crore new active users in 2024. However, this year there has been a slight decline in the user base of these companies.
Similarly, the growth of demat accounts came to its lowest level in eight quarters. Only 69.1 lakh new demat accounts are opened in the first quarter. By the end of June, NSDL and CDSL had 199.14 million demat accounts, whose number was 196.62 million in May.
Due to uncertainty globally, there has been a lot of ups and downs in the market in recent times. Due to this, investors are also stepping into the market with great care.
-IANS
ABS/