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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 2021 (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
ProStocks - Open Online Account ProStocks Review
1ICICIdirect3,031,192Open Account ICICIdirect Review
2Kotak Securities1,256,001Open Account Kotak Securities Review
3HDFC Securities1,141,264HDFC Securities Review
4IIFL Securities1,132,766Open Account IIFL Securities Review
5Motilal Oswal896,851Motilal Oswal Review
6Sharekhan764,250Open Account Sharekhan Review
7SBI Securities635,384SBI Securities Review
8AxisDirect422,358AxisDirect Review
9Choice Broking253,785Choice Broking Review
10Geojit234,546Geojit 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.

8 Comments

8. ANKIT   I Like It. |Report Abuse|  Link|Jul 7, 2021 11:25:17 PMReply
MOTILALOSWAL...?
8.1. shripal shah   I Like It. |Report Abuse|  Link|Dec 24, 2021 7:31:47 AM
Chitter broker,
7. J S   I Like It. |Report Abuse|  Link|May 23, 2021 1:41:58 AMReply
For service and charges/ cost
Wise which one is better
1 ICICI
2 angel broking
3 Motilal’s Oswal
7.1. Santosh Mishra   I Like It. |Report Abuse|  Link|Jun 23, 2021 10:14:34 PM
ICICI Securities is a bank broker and also a trustble brand and 3in 1 account facility available. So icici is the best..
7.2. Pradeep kudeshia   I Like It. |Report Abuse|  Link|Nov 16, 2021 7:11:17 AM
Angel broking shows a significant delay in movements if you are a active trader. Also many features missing like if you see position u will not able to see high low depth charts etc. For every action you have to switch the page and you will loose the momentum
6. rahul   I Like It. |Report Abuse|  Link|Jul 20, 2021 8:46:52 PMReply
i want to just holding CNC for long term which one is suitable for me ?
6.1. Raju   I Like It. |Report Abuse|  Link|Jul 27, 2021 10:11:21 PM
You should choose flyers ad they have 999 life time amc plan
5. Prosenjeet Ganguly   I Like It. |Report Abuse|  Link|Aug 26, 2021 2:18:50 PMReply
Open Free Demat trading account with SMC Global Securities. Click on Link for process:
https://tinyurl.com/yjuzgazj
4. aditya   I Like It. |Report Abuse|  Link|Aug 24, 2021 2:32:40 PMReply
निवेशक का धन निवेशक की मेहनत की कमाई का है। निवेशक कभी भी विज्ञापन के आधार पर अपने ब्रोकर का चयन न करे। मुफत में तो कुछ भी नही मिलता। आज का युग सूचान प्रौद्योगिकी का युुग है। इसके कुछ फायदे है और बहुत से खतरे भी है जो भोलेभाले एवं युवा निवेशको को जानना बहुत जरूरी है। करपया सम्‍भंंल कर ब्रोकर चयन करें।
3. Deepak Kumar   I Like It. |Report Abuse|  Link|Aug 16, 2021 8:55:39 PMReply
Icicidirect is best. Yes you pay more than other broker, but no one can provide services like icici. I had account with 3 full service broker and 6 discount broker. At last I closed all account except icicidirect & iifl securities. This is because of services.
2. sb   I Like It. |Report Abuse|  Link|Apr 5, 2021 6:34:35 PMReply
why standard chartered is not in the list
2.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|May 12, 2021 1:11:02 PM
Standard Chartered Securities is a very small broker with hardly 6000 active customers as of May 2021.
1. SANTOSH MISHRA   I Like It. |Report Abuse|  Link|May 5, 2021 3:47:05 PMReply
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..
1.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|May 12, 2021 1:08:03 PM
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.