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Top 20 Share Brokers in India 2019

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

A genuine list of top share brokers in India 2019 by the number of the active clients in 2019. 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 2019 below:

Top 20 Share Brokers in India 2019

Rank Broker Company Name Number of Clients
1ZerodhaZERODHA BROKING LTD979,241
19SMC GlobalSMC GLOBAL SECURITIES LTD106,354
4SharekhanSHAREKHAN LTD504,796
11SBI SecuritiesSBICAP SECURITIES LTD210,892
13UpstoxRKSV SECURITIES INDIA PVT LTD186,456
15ReligareRELIGARE BROKING LTD154,370
18Reliance SecuritiesRELIANCE SECURITIES LTD119,904
20Nirmal BangNIRMAL BANG SECURITIES PVT LTD92,975
9Motilal OswalMOTILAL OSWAL SECURITIES LTD323,543
8MOTILAL OSWAL FINANCIAL SERVICES LTD326,011
5Kotak SecuritiesKOTAK SECURITIES LTD443,461
10KarvyKARVY STOCK BROKING LTD265,798
12India Infoline (IIFL)IIFL SECURITIES LTD203,702
2ICICIDirectICICI SECURITIES LTD878,884
3HDFC SecuritiesHDFC SECURITIES LTD650,114
14GeojitGEOJIT FINANCIAL SERVICES LTD160,984
17EdelweissEDELWEISS BROKING LTD122,784
7AxisDirectAXIS SECURITIES LTD389,512
6Angel BrokingANGEL BROKING LTD426,716
165paisa5PAISA CAPITAL LTD147,499

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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