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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 Company Name Number of Clients
20TradebullsTRADEBULLS SECURITIES PVT LTD70,928
19Anand RathiANAND RATHI SHARE & STOCK BROKERS LTD77,554
18VenturaVENTURA SECURITIES LTD82,753
17Nirmal BangNIRMAL BANG SECURITIES PVT LTD95,918
16SMC GlobalSMC GLOBAL SECURITIES LTD103,047
15EdelweissEDELWEISS BROKING LTD104,643
14Reliance SecuritiesRELIANCE SECURITIES LTD122,858
13ReligareRELIGARE SECURITIES LTD143,892
12GeojitGEOJIT FINANCIAL SERVICES LTD183,466
11SBI SecuritiesSBICAP SECURITIES LTD213,616
10India Infoline (IIFL)INDIA INFOLINE LTD225,435
9KarvyKARVY STOCK BROKING LTD244,753
8Motilal OswalMOTILAL OSWAL SECURITIES LTD307,647
7Angel BrokingANGEL BROKING PVT LTD363,663
6Kotak SecuritiesKOTAK SECURITIES LTD368,638
5AxisDirectAXIS SECURITIES LTD404,769
4SharekhanSHAREKHAN LTD535,003
3ZerodhaZERODHA540,905
2HDFC SecuritiesHDFC SECURITIES LTD602,493
1ICICIDirectICICI SECURITIES LTD798,355

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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