68% of traders accounted of millennials and Gen Z
Female traders grew by 4%
96% of trades executed under NSE
Maharashtra, TradeSmart, one of India’s leading new-age online discount brokerage companies records a 57% increase in customers in India. The platform recorded highest number of traders from Maharashtra this year. 68% of traders from the Stateare millennials and Gen Z population. A rising market as well as growing smart phone users have been attributed as some of the reasons for the phenomenal growth.
TradeSmartobserved a 4% rise in female traders on the platform, indicating a growing number of female participants breaking a male-dominated industry. The platform also witnessed slight percentage increase of traders falling in the 51-60 age group.
Of all the trades, more than 96% of trades were executed under NSE. TradeSmart looks forward to a promising growth in this new FY 22-23.
It is a new-age technology-focused discount online broking firm that simplifies investments for young & tech savvy Indians. Registered as VNS Finance & Capital Limited in 1994, the company has a strong lineage of over 25 years in the brokerage segment. A member of NSE, TradeSmart provides online trading in – Cash, Futures & Options, Currency Derivatives, Commodities, Mutual Funds, and ETFs for investors and online traders.
This article was shared with Prittle Prattle News as a Press Release.