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Top 20 Share Brokers in India 2024

Top Share Brokers in India 2024 (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2024 by the number of the active clients in 2024. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww.

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 2024 below:

Top 20 Share Brokers in India 2024

Rank Broker Active Clients Request Callback Review Compare
ProStocks - Open Online Account ProStocks Review
1Groww9,185,024Groww Review
2Zerodha7,223,525Open Account Zerodha Review
3Angel One5,983,067Open Account Angel One Review
4Upstox2,401,555Open Account Upstox Review
5ICICIdirect1,869,925Open Account ICICIdirect Review
6Kotak Securities1,179,674Open Account Kotak Securities Review
7HDFC Securities1,088,561HDFC Securities Review
8Motilal Oswal874,230Open Account Motilal Oswal Review
9SBI Securities855,994SBI Securities Review
10Paytm Money814,342Open Account Paytm Money Review
11Sharekhan665,129Sharekhan Review
125paisa544,270Open Account 5paisa Review
13IIFL Securities437,829Open Account IIFL Securities Review
14Dhan434,798Dhan Review
15AxisDirect357,390AxisDirect Review
16Geojit243,444Geojit Review
17Fyers219,169Open Account Fyers Review
18Choice Broking194,350Choice Broking Review
19SMC Global177,541SMC Global Review
20Alice Blue163,460Open Account Alice Blue 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 One 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

1. अशोक गुप्ता   I Like It. |Report Abuse|  Link|January 16, 2024 10:22:56 PMReply
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1.1. Rahul Rungta   I Like It. |Report Abuse|  Link|March 9, 2024 7:56:00 PM
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