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
1Zerodha1,257,180Open AccountZerodha Review
2ICICI Direct1,014,293Open AccountICICI Direct Review
3HDFC Securities675,448Open AccountHDFC Securities Review
4Upstox555,302Open AccountUpstox Review
5Kotak Securities538,909Open AccountKotak Securities Review
6Sharekhan520,546Open AccountSharekhan Review
7Angel Broking505,144Open AccountAngel Broking Review
85paisa380,693Open Account5paisa Review
9Motilal Oswal350,068Open AccountMotilal Oswal Review
10AxisDirect271,881Open AccountAxisDirect Review
11Karvy255,684Open AccountKarvy Review
12SBI Securities227,300Open AccountSBI Securities Review
13IIFL205,171Open AccountIIFL Review
14Geojit157,352Open AccountGeojit Review
15Edelweiss120,218Open AccountEdelweiss Review
16Reliance Securities115,160Open AccountReliance Securities Review
17Religare108,581Open AccountReligare Review
18SMC Global107,049Open AccountSMC Global Review
19Nirmal Bang90,971Open AccountNirmal Bang Review
20Marwadi Shares77,651Open 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.

1 Comments

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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