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Top 20 Share Brokers in India 2018

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

A genuine list of top share brokers in India 2018 by the number of the active clients in 2018. 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 2018 below:

Top 20 Share Brokers in India 2018

Rank Broker Company Name Number of Clients
175paisa5PAISA CAPITAL LTD101,043
7Angel BrokingANGEL BROKING LTD414,831
6AxisDirectAXIS SECURITIES LTD421,771
15EdelweissEDELWEISS BROKING LTD120,378
12GeojitGEOJIT FINANCIAL SERVICES LTD163,875
3HDFC SecuritiesHDFC SECURITIES LTD668,312
2ICICIDirectICICI SECURITIES LTD830,661
10IIFLIIFL SECURITIES LTD221,753
9KarvyKARVY STOCK BROKING LTD268,272
5Kotak SecuritiesKOTAK SECURITIES LTD435,201
20Marwadi SharesMARWADI SHARES & FINANCE LTD89,537
8Motilal OswalMOTILAL OSWAL SECURITIES LTD322,121
18Nirmal BangNIRMAL BANG SECURITIES PVT LTD96,070
14Reliance SecuritiesRELIANCE SECURITIES LTD121,749
13ReligareRELIGARE BROKING LTD162,151
19UpstoxRKSV SECURITIES INDIA PVT LTD92,781
11SBI SecuritiesSBICAP SECURITIES LTD209,567
4SharekhanSHAREKHAN LTD517,252
16SMC GlobalSMC GLOBAL SECURITIES LTD107,689
1ZerodhaZERODHA887,267

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.

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.



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