Share brokers are members of the stock exchanges (i.e. BSE, NSE, MCX) and regulated by SEBI in India. They are authorized to execute trades on behalf of its customers which includes share market investors, traders in both retail and institutional clients.
There are 10 stock brokers in India who has over 1 lakh of clients. These top 10 share brokers in India include well known brokers like ICICI Direct, HDFC Securities and Sharekhan.
Here is the list of the best share brokers in India, the top 20 share broking companies in India.
|<< Year 2017||2018|
|Broker||Company Name||Number of Clients|
|ICICIDirect||ICICI SECURITIES LTD||804,429|
|HDFC Securities||HDFC SECURITIES LTD||611,096|
|AxisDirect||AXIS SECURITIES LTD||396,851|
|Kotak Securities||KOTAK SECURITIES LTD||372,874|
|Angel Broking||ANGEL BROKING PVT LTD||371,244|
|Motilal Oswal||MOTILAL OSWAL SECURITIES LTD||311,592|
|Karvy||KARVY STOCK BROKING LTD||252,589|
|India Infoline (IIFL)||INDIA INFOLINE LTD||227,380|