Lemonn is now among the top 50 brokers in India
India : PeepalCo’s innovative investment platform, Lemonn, has launched Margin Trading Facility (MTF) on its app. Lemonn has also reached a milestone of one million users* and is now among the top 50 brokers in India*.
MTF can be a significant feature for advanced stock investors, empowering them to amplify their investment potential. Through this, users can now purchase stocks beyond their current account balance by borrowing up to 80% of a stock’s value. Lemonn’s MTF offering comes with a highly competitive interest rate of just 8.99% per annum, making advanced trading strategies more accessible and affordable.
The new MTF feature aligns with Lemonn’s vision of democratizing access to advanced financial tools while ensuring affordability. Users can access it seamlessly with just a single click from the homepage, following a one-day activation period.
Commenting on the announcement Devam Sardana, Business Head, Lemonn said “At Lemonn, we are driven by a singular mission: to make investing simpler, smarter, and more rewarding for our users. The launch of the Margin Trading Facility (MTF) is a step in this journey, empowering investors to approach the stock market with confidence. By offering highly competitive interest rates, we are enabling users to make the best use of opportunities as they arise even when they have lack of sufficient funds”.
In less than a year, Lemonn has achieved significant milestones, including surpassing 1 million users* and securing its position among the top 50 brokers in India*. These accomplishments highlight the platform’s rapid ascent in the investment ecosystem.
“Our rapidly growing user base is a testament to the trust we’ve earned and proof that we are delivering on our promises. It’s heartening to see more and more people choosing Lemonn as their preferred investment partner,” he added
Lemonn is a user-friendly platform that offers a diverse range of investment options, including mutual funds, direct stocks, IPOs, and F&O trading for first-time and seasoned investors.
* 1 million users – total app sign-ups
* The top 50 brokers in India in terms of active UCC as on 31st December 2024
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