FREE Account Opening + No Clearing Fees
Top 20 Share Brokers | Top 10 Full-Service Brokers | Top 10 Discount Stock Brokers

Top 10 Full-Service Brokers in India 2024

Top 10 Full-service Brokers in India 2024 (Most Popular)

A true list of top full-service brokers in India 2024 by the number of active clients. ICICI Direct is the top most stock broker among all the brokers. ICICI Bank is followed by discount brokers like HDFC Securities, Sharekhan and Kotak Securities.

There are over 15 top full-service brokerage firms who have over 1 lakh active customers. The below year-wise list helps you find the top rated full service brokerage firms in India.

Top 10 Full-service Brokers 2024

Rank Broker Active Clients Request Callback Review Compare
ProStocks - Open Online Account ProStocks Review
1ICICIdirect1,869,925Open Account ICICIdirect Review
2Kotak Securities1,179,674Open Account Kotak Securities Review
3HDFC Securities1,088,561HDFC Securities Review
4Motilal Oswal874,230Open Account Motilal Oswal Review
5SBI Securities855,994SBI Securities Review
6Sharekhan665,129Sharekhan Review
7IIFL Securities437,829Open Account IIFL Securities Review
8AxisDirect357,390AxisDirect Review
9Geojit243,444Geojit Review
10Choice Broking194,350Choice Broking Review

There are two types of brokers in India based on the services and fees:

  1. Full-service Broker
  2. Discount Broker (Top 10 Discount Brokers)

A full-service broker offers a range of add-ons in addition to trading at stock exchanges. This includes research reports, advisory and a relationship manager apart from helping you buy and sell shares. They also offer a wide range of products including Mutual Funds, IPO, Debt, Insurance and Loans.

On the other side, a Discount Broker leverages technology to reduce the operation cost and offer low-cost online brokerage services. Discount brokers do not offer add-ons usually offered by a full service broker.

A full-service broker is good for following investors/traders:

  1. A beginner investors need to have their hand held by some in initial days of trading.
  2. Traders who are looking for higher margin or margin funding. A trader can get significantly higher margin based on his personal relationship with the broker or sub-broker.
  3. Traders planning to use Call & Trade a lot or visit the branch in person. Most discount brokers charge extra for call & trade and do not have local branches.
  4. Investors looking for a verity of financial products for investment through the broker i.e. Mutual Funds, IPO, Debt, Insurance, FD etc.

The most popular full-service brokers include ICICI, HDFC and Sharekhan.

The 3-in-1 account (a combination of bank saving account, a trading account and a demat account) is one the best offering by the top full service brokerage firms. The 3-in-1 account helps in the seamless transaction between these 3 accounts. It is the most convenient way to trade online.

Apart from the standard % based brokerage structure, most traditional brokerages also offer volume-based plans where the brokerage varies according to the size of transactions on a periodic basis. At higher turnovers, the brokerage can come down to as low as 0.05-0.15%.

ICICI is the 2nd largest and most famous full-service broker with over 10 lakh customers.


  • The data for this report is compiled from BSE and NSE stock exchanges.
  • The best broker ranking is updated every month.
  • Click on the broker name to read broker review.


1. CHAHAT   I Like It. |Report Abuse|  Link|January 26, 2024 11:57:12 AMReply
HOW SHOULD BE INCIATE ON API TO BEST BROKNGN FORM to know about . people do doesnt now about Algo so how do I analysis to be work with Algo so . share me whole the thinks to be share .