Top 20 Share Brokers in India 2020

Top Share Brokers in India [[yyyy]] (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2020 by the number of the active clients in 2020. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by ICICI Bank, HDFC Bank and Sharekhan.

There are 20 top stock brokers who have over 1 lakhs of active customers. The year wise list of top stock brokers in India also provides detail about the latest number of active clients with the broker. Find the top online broker rankings 2020 below:

Top 20 Share Brokers in India 2020

Rank Broker Active Clients Request Callback Review
1Zerodha2,474,663Open AccountZerodha Review
2Upstox1,224,141Open AccountUpstox Review
3ICICI Direct1,195,055Open AccountICICI Direct Review
4Angel Broking1,009,199Open AccountAngel Broking Review
5HDFC Securities801,201Open AccountHDFC Securities Review
65paisa696,869Open Account5paisa Review
7Kotak Securities676,563Open AccountKotak Securities Review
8Sharekhan600,113Open AccountSharekhan Review
9Motilal Oswal448,808Open AccountMotilal Oswal Review
10AxisDirect361,263Open AccountAxisDirect Review
11SBI Securities285,983Open AccountSBI Securities Review
12IIFL Securities252,498Open AccountIIFL Securities Review
13Geojit178,322Open AccountGeojit Review
14Edelweiss142,261Open AccountEdelweiss Review
15Karvy129,971Open AccountKarvy Review
16SMC Global124,453Open AccountSMC Global Review
17Reliance Securities121,430Open AccountReliance Securities Review
18Religare120,142Open AccountReligare Review
19Nirmal Bang111,431Open AccountNirmal Bang Review
20Marwadi Shares93,971Open AccountMarwadi Shares Review

Share brokers are authorized members of the stock exchanges (i.e. BSE, NSE). They execute trades on behalf of the customers at the exchange. There are 100's of registered stock brokers in India offering stock trading to retail customers. At high-level, the most famous stock brokers in India are categories in 2 types:

  1. Full-services brokers
  2. Discount Stock Brokers

Full-service brokers offer a wide range of services including stock trading, research and advisory and local support. Discount stock brokers are online brokers specialized only in stock and commodity trading services. They do not offer add-ons like research and advisory, PMS, wealth management and branch support.

The most popular stock brokers in the full-service category include ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel Broking and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.


  • 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.


11. ujval  Oct 24, 2020 16:22 I Like It. | Report Abuse Reply
Very Bad experience with Share khan @ Vapi Chala branch.
Swapan Mandal
10. Swapan Mandal  Sep 29, 2020 09:26 I Like It. | Report Abuse Reply
Finvasia Securities is the best for all. It's free for holding, intraday trading, drmat all is free. Purely full discount broker. Full support and very easy.
9. samy  Aug 11, 2020 11:01 I Like It. | Report Abuse Reply
about angel broking
priyanka jadhav
8. priyanka jadhav  Aug 4, 2020 16:37 I Like It. | Report Abuse Reply
sharekhan is so good providing all service with full satisfaction.
8.1. Piyush  Aug 19, 2020 15:16 I Like It. | Report Abuse
Sharekhan is not good.I am having bad experience
Sujith Chacko
7. Sujith Chacko  Aug 18, 2020 18:04 I Like It. | Report Abuse Reply
SEBI should allow investors to directly trade in shares rather than through an intermediary.The earlier it is done the better.
vijay kumar
6. vijay kumar  Jul 29, 2020 10:46 I Like It. | Report Abuse Reply
i have open trading account in kotak securities last six month befoe. they closed my account said reason ur client master not give us u summited again, I summited Again DP clients master till one and half month they have not reopen my acccount,
friends ye physical me open hai,
kotak services is very very bad---------------------- very bad
6.1. BRAJA BANDHU BEHERA  Aug 16, 2020 17:40 I Like It. | Report Abuse
I had bitter experience with Kotak Securities after I was looted by fraud Brokers Indiabulls Securities now Indiabulls Venture who with help of corrupt officers of CDSL transferred shares worth more than Rs one crore also NSE BSE SEBI Official equally responsible then opened Trading account with Kotak who for delay payment charging compound interest 36% calculated weekly basis high brokerage then open account with Karvy stock Broking who looted 2 lakh clients
5. Raj  Apr 14, 2020 05:56 I Like It. | Report Abuse Reply
1 )Zerodha is not responding calls when it is needed and even not giving a call back even after the call got missed.
2) Why our money is not showing in the fund ? Seems they are taking our money into their account when it is off day of share market. I got shocked when it showed zero balance in my account.
3) Withdraw time should be available on 24 hours basis.
4) Why should we wait to withdraw our money for more than 24 hours.
4. Karthick  Jul 19, 2020 09:22 I Like It. | Report Abuse Reply
Ranking here is quantitative..Ranking based on Quality of service is very difficult
There could be other brokers who might provide superior services. End of the day it comes to charges & servers being run without issues. Zerodh & Upstox often has server issues. ICICI Sec & Sharekhan are extremely costly. Their lowest brokerage plan is 5-10times costlier than Upstox n Zerodha. Alice blue is also equally good in terms of charges n services.
3. pk  Jun 11, 2020 08:49 I Like It. | Report Abuse Reply
axis bank tacking high charges so guys bebare axis bank
2. SHIVA  May 16, 2020 12:14 I Like It. | Report Abuse Reply
1. TARAKKAD RAMAKRISHNAN KRISHNAMOORTHY  Nov 16, 2019 05:19 I Like It. | Report Abuse Reply


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