India, June 16 -- Four top retail brokerages Zerodha, Groww, Angel One and Upstox have reportedly been granted approval from the International Financial Services Centres Authority (IFSCA) to offer investors the option to buy international and US stocks from GIFT City.

As per a Moneycontrol report, Zerodha and Upstox will function as broker-dealers, under the framework established by the IFSCA. They plan to execute trades by routing them through international clearing partners, which include Interactive Brokers, ViewTrade International, and Alpaca Securities.

Meanwhile, Groww and Angel One will operate under the global access provider (GAP) framework. ViewTrade has the GAP approval as well, whereas Interactive Brokers and Alpaca Securiti...