Zerodha - Open Online Account

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
1Zerodha1,598,948Open AccountZerodha Review
2ICICI Direct1,081,960Open AccountICICI Direct Review
3HDFC Securities726,197Open AccountHDFC Securities Review
4Upstox675,551Open AccountUpstox Review
5Angel Broking629,260Open AccountAngel Broking Review
6Kotak Securities583,482Open AccountKotak Securities Review
7Sharekhan547,950Open AccountSharekhan Review
85paisa489,661Open Account5paisa Review
9Motilal Oswal385,535Open AccountMotilal Oswal Review
10AxisDirect271,990Open AccountAxisDirect Review
11SBI Securities261,951Open AccountSBI Securities Review
12Karvy231,818Open AccountKarvy Review
13IIFL Securities224,450Open AccountIIFL Securities Review
14Geojit165,029Open AccountGeojit Review
15Edelweiss130,926Open AccountEdelweiss Review
16Reliance Securities120,069Open AccountReliance Securities Review
17SMC Global113,980Open AccountSMC Global Review
18Religare112,527Open AccountReligare Review
19Nirmal Bang94,902Open AccountNirmal Bang Review
20Marwadi Shares83,238Open 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.

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.

3 Comments

SHIVA
3. SHIVA  May 16, 2020 12:14 I Like It. | I Don't Like It. | Report Abuse Reply
ABOUT ALICE BLUE
Raj
2. Raj  Apr 14, 2020 05:56 I Like It. | I Don't 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.
TARAKKAD RAMAKRISHNAN KRISHNAMOORTHY
1. TARAKKAD RAMAKRISHNAN KRISHNAMOORTHY  Nov 16, 2019 05:19 I Like It. | I Don't Like It. | Report Abuse Reply
1)WHY CUSTOMER COMPLAINTS ARE NOT CONSIDERED, NEGLECTING THAT SHOULD BE PENALIZED.
2) DELAY IN TRANSFERRING MONEY MUST BE PENALIZED.







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