Four of India's largest retail brokerages — Zerodha, Groww, Angel One, and Upstox — have received regulatory clearance from the International Financial Services Centres Authority (IFSCA) to operate as intermediaries out of Gift City, Gujarat's international finance hub. The approvals mean all four platforms are now positioned to let Indian retail investors trade US stocks.
Filings disclosed by the IFSCA show that Groww, Upstox and Angel One were granted Global Access Provider (GAP) licences, while Zerodha was cleared as broker-dealers. Zerodha and Groww received their approvals on June 2, with Angel One following on June 12.
