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Top 20 Share Brokers in India 2023

Top Share Brokers in India 2023 (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2023 by the number of the active clients in 2023. 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 2023 below:

Top 20 Share Brokers in India 2023

Rank Broker Active Clients Request Callback Review Compare
ProStocks - Open Online Account ProStocks Review
1Groww6,628,645Groww Review
2Zerodha6,479,235Open Account Zerodha Review
3Angel One4,856,236Open Account Angel One Review
4Upstox2,193,506Open Account Upstox Review
5ICICIdirect1,912,937Open Account ICICIdirect Review
6HDFC Securities1,004,103HDFC Securities Review
7Kotak Securities999,463Open Account Kotak Securities Review
8Motilal Oswal798,085Open Account Motilal Oswal Review
9Paytm Money704,044Open Account Paytm Money Review
10SBI Securities680,648SBI Securities Review
11Sharekhan630,509Sharekhan Review
125paisa500,442Open Account 5paisa Review
13IIFL Securities423,474Open Account IIFL Securities Review
14AxisDirect325,917AxisDirect Review
15Dhan257,028Open Account Dhan Review
16Geojit233,120Geojit Review
17Fyers200,305Open Account Fyers Review
18Choice Broking195,840Choice Broking Review
19SMC Global158,953SMC Global Review
20Alice Blue155,189Open 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.


  • 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.


7. Philips   I Like It. |Report Abuse|  Link|December 4, 2023 1:12:19 AMReply
I must say that I was lucky I got my lost funds recovered. I lost my trade with lexatrade and I was unable to make any successful withdrawal am glad Mr jeff came through for me. He helped and guided me through the right part of getting my lost crypto. You can reach out to his adress Jeffsilbert39 g mail com.
6. Anup   I Like It. |Report Abuse|  Link|November 28, 2023 5:40:38 PMReply
Intraday, and Option Trading k liye Daily Guide provide karnewala koi trusted hai to please Contact Me (Double eight double one zero five zero two seven six)
6.1. Prt Talks   I Like It. |Report Abuse|  Link|December 1, 2023 8:27:47 AM
Intraday ya option trading mat karo, kyuki isame kabhi na kabhi dubana hi hota hai,
5. Shekhar Kumar   I Like It. |Report Abuse|  Link|October 25, 2023 8:20:36 PMReply
Don't use Sharekhan. Executing stop loss orders without price even reaching to SL level. Customer service useless and can't help.
4. Sharmin Sayyed   I Like It. |Report Abuse|  Link|October 6, 2023 7:11:38 PMReply
Looking for the best brokerage firm in India? This blog post lists the top 20 share brokers in India, based on various factors such as fees, trading platform, and customer service.
3. pravin kale   I Like It. |Report Abuse|  Link|July 3, 2023 4:17:12 PMReply
Hey guys who is best intraday broker who give a good margin (10x or max ) and all BSE &NSE listed stock can we do the intraday trading?
3.1. PRATIK KALE   I Like It. |Report Abuse|  Link|August 9, 2023 1:07:35 AM
new shear parcesh my help for you sir and gayidans for holding shear and opshion chain
3.2. Rajesh Satkar   I Like It. |Report Abuse|  Link|September 18, 2023 3:16:47 PM
Why should if start with algo trading it is all possible.
2. Elena   I Like It. |Report Abuse|  Link|July 19, 2023 12:12:40 AMReply
terrible platform, took my money, I tried to withdraw .sent email saying I have to pay for tax which I did, the issue could not be solved, kept requesting for more commission , bad treatment . I had to look help from Expertapexrefund org he trashed out everything, recovering my asset, I got everything back and I was relief of the
1. S. Vics   I Like It. |Report Abuse|  Link|March 22, 2023 10:32:45 AMReply
Any idea ,which brokerage offers LIFO sale or selective lot irrespective of when it was purchased?
I see whichever i checked offer only FIFO sale for stocks.