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Top 20 Share Brokers in India 2022

Top Share Brokers in India 2022 (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2022 by the number of the active clients in 2022. 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 2022 below:

Top 20 Share Brokers in India 2022

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1Zerodha6,583,612Open Account Zerodha Review
2Upstox5,462,001Open Account Upstox Review
3Groww4,422,161Groww Review
4Angel One4,025,199Open Account Angel One Review
5ICICIdirect3,194,834Open Account ICICIdirect Review
65paisa1,652,702Open Account 5paisa Review
7Kotak Securities1,267,424Kotak Securities Review
8HDFC Securities1,173,032HDFC Securities Review
9IIFL Securities1,144,428Open Account IIFL Securities Review
10Motilal Oswal930,588Motilal Oswal Review
11Sharekhan766,848Open Account Sharekhan Review
12SBI Securities653,825SBI Securities Review
13Paytm Money502,828Open Account Paytm Money Review
14AxisDirect412,201AxisDirect Review
15Choice Broking272,782Choice Broking Review
16Geojit237,100Geojit Review
17Edelweiss208,027Open Account Edelweiss Review
18Religare167,966Religare Review
19SMC Global163,802SMC Global Review
20Alice Blue144,702Open 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.

12 Comments

12. Nitin   I Like It. | Report Abuse |   Link | Sep 18, 2022 9:43:36 PM Reply
IIFL is also impressive app
11. Yash Suratwala   I Like It. | Report Abuse |   Link | Sep 9, 2022 12:28:29 AM Reply
How to trade in Nifty as per WD Gann Theory ( 100 years old trading theory )
https://nirajmsuratwala.in/how-to-trade-in-nifty-50-using-gann-theory/
10. Ramniwas   I Like It. | Report Abuse |   Link | Feb 21, 2022 1:38:24 AM Reply
I use angel one is very appropriate and improved I feel very good
10.1. vishal   I Like It. | Report Abuse |   Link | Aug 31, 2022 3:32:54 PM
minimum brokerage 35/- is removed or it is available?
10.2. jj   I Like It. | Report Abuse |   Link | Sep 5, 2022 11:58:47 AM
smc global securities is very good broking
after motilal
9. Sunil   I Like It. | Report Abuse |   Link | Aug 1, 2022 2:38:04 AM Reply
Zerodha is best , tried angel one, groww, 5paisa but unsatisfied

The best feature of zerodha is various reports , like tax pnl which is very detailed

Angel one has pathetic tax pnl snd while filling return have to manually enter values
8. Subrata Nath   I Like It. | Report Abuse |   Link | Aug 26, 2022 9:08:05 AM Reply
Avoid Kotak Securities, as they may deduct any random amount in the name of technical glitch or new brokerage scheme (scam?). You will never able to decode the financial reports.
7. Atul Goel   I Like It. | Report Abuse |   Link | Aug 18, 2022 3:09:07 AM Reply
The best brokerege house is Sharekhan. It provides good and authentic research reports. It's app is very easy to understand. Online videos are very good.
6. Gaurav kinariwale   I Like It. | Report Abuse |   Link | Aug 3, 2022 5:01:09 PM Reply
Use Edelweiss as trading platform, great experience over 5 years full service broker and good technical charting available.
5. Kalu   I Like It. | Report Abuse |   Link | Feb 28, 2022 3:41:27 PM Reply
Good Information. keep growing
4. manonmani   I Like It. | Report Abuse |   Link | Jul 24, 2022 9:24:13 PM Reply
Be alert with icici direct. There is no safety and security for MTF trading and they will square off anytime and u will loose your money. Not advisable to trade in icici direct. Due to pan and aadhar not linked they squared off all the positions. Afterthat there is no response from icici from Advisior and RM
3. Belraj   I Like It. | Report Abuse |   Link | Feb 2, 2022 5:48:12 PM Reply
Iam suing Angelone.Iam fully satisfied with this .
I have upstox and Zerodha but rarely used.
I recommend this to everyone.
3.1. Ramniwas   I Like It. | Report Abuse |   Link | Feb 21, 2022 1:41:15 AM
Sir I am use only angel one
3.2. Jay   I Like It. | Report Abuse |   Link | Feb 28, 2022 7:37:15 PM
I also use angel one but I am unable to find the commodities trade option. Can you help me with this?
2. Shekhar Mahadeo Shingade   I Like It. | Report Abuse |   Link | Mar 5, 2022 8:21:15 AM Reply
I use Alice Blue & its very good broker ..i m happy with AB....
2.2. HASMUKH PATEL   I Like It. | Report Abuse |   Link | Apr 12, 2022 10:33:52 AM
MONARCH NETWORTH CAPITAL LTD IS ALSO GOOD COMPANY, IT IS PROVIDE GOOD SUPPORT AND RESEARCH REPORT. AND ALSO PROVIDE OFFLINE SERVICE.
2.3. Ashish   I Like It. | Report Abuse |   Link | Apr 28, 2022 7:57:35 PM
I want to use groww app. Plg guide me
1. Ashok Prakash Ahire   I Like It. | Report Abuse |   Link | Jan 14, 2022 5:18:56 PM Reply
I love to using zerodha kite & I recommend to everyone...