Top 20 Share Brokers | Top 10 Full-Service Brokers | Top 10 Discount Stock Brokers

Top 10 Full-Service Brokers in India 2021

Top 10 Full-service Brokers in India [[yyyy]] (Most Popular)

A true list of top full-service brokers in India 2021 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 2021

Rank Broker Active Clients Request Callback Review
1Angel Broking1,979,094Open Account Angel Broking Review
2ICICI Direct1,847,989Open Account ICICI Direct Review
3HDFC Securities970,651Open AccountHDFC Securities Review
4Kotak Securities787,723Open AccountKotak Securities Review
5Sharekhan724,674Open AccountSharekhan Review
6Motilal Oswal650,404Open AccountMotilal Oswal Review
7AxisDirect460,945Open AccountAxisDirect Review
8SBI Securities345,410Open AccountSBI Securities Review
9IIFL Securities324,853Open Account IIFL Securities Review
10Geojit215,138Open AccountGeojit 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.

Note:

  • 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.

6 Comments

rahul
6. rahul  Jul 20, 2021 19:46 I Like It. | Report Abuse Reply
i want to just holding CNC for long term which one is suitable for me ?
Raju
6.1. Raju  Jul 27, 2021 21:11 I Like It. | Report Abuse
You should choose flyers ad they have 999 life time amc plan
ANKIT
5. ANKIT  Jul 7, 2021 22:25 I Like It. | Report Abuse Reply
MOTILALOSWAL...?
J  S
4. J S  May 23, 2021 00:41 I Like It. | Report Abuse Reply
For service and charges/ cost
Wise which one is better
1 ICICI
2 angel broking
3 Motilal’s Oswal
Santosh Mishra
4.1. Santosh Mishra  Jun 23, 2021 21:14 I Like It. | Report Abuse
ICICI Securities is a bank broker and also a trustble brand and 3in 1 account facility available. So icici is the best..
Milind
3. Milind  Jun 19, 2021 15:50 I Like It. | Report Abuse Reply
Why you are not discussing FINVASIA anywhere?
Srirog
3.1. Srirog  Jun 21, 2021 15:53 I Like It. | Report Abuse
Is finvasia full time broker..?
sb
2. sb  Apr 5, 2021 17:34 I Like It. | Report Abuse Reply
why standard chartered is not in the list
Team Chittorgarh.com
2.1. Team Chittorgarh.com  May 12, 2021 12:11 I Like It. | Report Abuse
Standard Chartered Securities is a very small broker with hardly 6000 active customers as of May 2021.
SANTOSH MISHRA
1. SANTOSH MISHRA  May 5, 2021 14:47 I Like It. | Report Abuse Reply
it is a true list of stock broker and ICICI SECURITIES IS THE NO 1 STOCK BROKER OF INDIA..due to its brand and bank based broker customers believe its 100% servicess since 20 years..
Team Chittorgarh.com
1.1. Team Chittorgarh.com  May 12, 2021 12:08 I Like It. | Report Abuse
Dear Sir,

As of April 2021:

1. Zerodha is the largest stockbroker in India by the number of active customers.

2. ICICI is the largest amount full-service category. Soon they will be replaced by Angel Broking.








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