Top 20 Share Brokers in India 2021

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

A genuine list of top share brokers in India 2021 by the number of the active clients in 2021. 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 2021 below:

Top 20 Share Brokers in India 2021

Rank Broker Active Clients Request Callback Review
1Zerodha3,602,074Open Account Zerodha Review
2Upstox2,141,095Open Account Upstox Review
3ICICI Direct1,580,233Open Account ICICI Direct Review
4Angel Broking1,564,667Open Account Angel Broking Review
5HDFC Securities957,085Open AccountHDFC Securities Review
65paisa870,405Open Account 5paisa Review
7Groww780,570Open AccountGroww Review
8Kotak Securities743,206Open AccountKotak Securities Review
9Sharekhan679,333Open AccountSharekhan Review
10Motilal Oswal564,034Open AccountMotilal Oswal Review
11AxisDirect454,882Open AccountAxisDirect Review
12SBI Securities329,099Open AccountSBI Securities Review
13IIFL Securities291,730Open Account IIFL Securities Review
14Geojit201,206Open AccountGeojit Review
15Edelweiss157,254Open Account Edelweiss Review
16SMC Global135,863Open AccountSMC Global Review
17Religare132,939Open AccountReligare Review
18Alice Blue125,223Open Account Alice Blue Review
19Nirmal Bang123,213Open AccountNirmal Bang Review
20Reliance Securities117,307Open AccountReliance Securities 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.


Tejas Trivedi
6. Tejas Trivedi  Mar 17, 2021 10:19 I Like It. | Report Abuse Reply
What about NJ India?

Is that good?
6.1. Team  May 12, 2021 12:14 I Like It. | Report Abuse
Sorry, we have not reviewed NJ India yet. They have around 50,000 customers and don't rank amount the top 20 brokers.
Shivam Gola
5. Shivam Gola  Mar 19, 2021 12:48 I Like It. | Report Abuse Reply
Sharekhan is best.
As my account in BOB debited but the funds not showing in my sharekhan account. Then I communicated with my broker and the very next day my sharekhan account seems to be credited.
4. Harpreet  Mar 1, 2021 22:16 I Like It. | Report Abuse Reply
Groww is worst in term of support... They just don't care about customer thr prime target is to sell services if you face issue they won't help.
My funds are stuck from past 6 months because they entered wrong pan in mutual funds. Now, they aren't helping.
Dr Hemant
3. Dr Hemant  Feb 15, 2021 08:51 I Like It. | Report Abuse Reply
I am a investor and swing/positional trader. I am with SAS online. When I opened account few years back they were new and I was offered free demat AMC. So if I do not trade there is no expence at all. They charge only Rs 9 for any amount of transaction. There customer care is top notch. I had no problem so far. Only problem is payin- payout. They charge for it if you do it through the nest trader. IF you do it through back office no charge at all. Payin if done through bank there is no charge.
Raju Patil
2. Raju Patil  Feb 6, 2021 18:43 I Like It. | Report Abuse Reply
Zerodha is Very Good...
keshav mandhare
1. keshav mandhare  Jan 4, 2021 07:53 I Like It. | Report Abuse Reply
Nice information sir, much appreciated


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