Top 20 Share Brokers in India 2017

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

A genuine list of top share brokers in India 2017 by the number of the active clients in 2017. 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 2017 below:

Top 20 Share Brokers in India 2017

Rank Broker Active Clients Request Callback Review
19Anand Rathi77,554Open AccountAnand Rathi Review
7Angel Broking363,663Open AccountAngel Broking Review
5AxisDirect404,769Open AccountAxisDirect Review
15Edelweiss104,643Open AccountEdelweiss Review
12Geojit183,466Open AccountGeojit Review
2HDFC Securities602,493Open AccountHDFC Securities Review
1ICICI Direct798,355Open AccountICICI Direct Review
10IIFL Securities225,435Open AccountIIFL Securities Review
9Karvy244,753Open AccountKarvy Review
6Kotak Securities368,638Open AccountKotak Securities Review
8Motilal Oswal307,647Open AccountMotilal Oswal Review
17Nirmal Bang95,918Open AccountNirmal Bang Review
14Reliance Securities122,858Open AccountReliance Securities Review
13Religare143,892Open AccountReligare Review
11SBI Securities213,616Open AccountSBI Securities Review
4Sharekhan535,003Open AccountSharekhan Review
16SMC Global103,047Open AccountSMC Global Review
20Tradebulls70,928Open AccountTradebulls Review
18Ventura82,753Open AccountVentura Review
3Zerodha540,905Open AccountZerodha 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.


vijay kumar
6. vijay kumar  Jul 29, 2020 10:46 I Like It. | I Don't Like It. | Report Abuse Reply
i have open trading account in kotak securities last six month befoe. they closed my account said reason ur client master not give us u summited again, I summited Again DP clients master till one and half month they have not reopen my acccount,
friends ye physical me open hai,
kotak services is very very bad---------------------- very bad
5. Raj  Apr 14, 2020 05:56 I Like It. | I Don't Like It. | Report Abuse Reply
1 )Zerodha is not responding calls when it is needed and even not giving a call back even after the call got missed.
2) Why our money is not showing in the fund ? Seems they are taking our money into their account when it is off day of share market. I got shocked when it showed zero balance in my account.
3) Withdraw time should be available on 24 hours basis.
4) Why should we wait to withdraw our money for more than 24 hours.
4. Karthick  Jul 19, 2020 09:22 I Like It. | I Don't Like It. | Report Abuse Reply
Ranking here is quantitative..Ranking based on Quality of service is very difficult
There could be other brokers who might provide superior services. End of the day it comes to charges & servers being run without issues. Zerodh & Upstox often has server issues. ICICI Sec & Sharekhan are extremely costly. Their lowest brokerage plan is 5-10times costlier than Upstox n Zerodha. Alice blue is also equally good in terms of charges n services.
3. pk  Jun 11, 2020 08:49 I Like It. | I Don't Like It. | Report Abuse Reply
axis bank tacking high charges so guys bebare axis bank
2. SHIVA  May 16, 2020 12:14 I Like It. | I Don't Like It. | Report Abuse Reply
1. TARAKKAD RAMAKRISHNAN KRISHNAMOORTHY  Nov 16, 2019 05:19 I Like It. | I Don't Like It. | Report Abuse Reply


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