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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 Active Clients Request Callback Review
20Marwadi Shares82,113Open AccountMarwadi Shares Review
19Nirmal Bang92,975Open AccountNirmal Bang Review
18SMC Global106,354Open AccountSMC Global Review
17Reliance Securities119,904Open AccountReliance Securities Review
16Edelweiss122,784Open AccountEdelweiss Review
155paisa147,499Open Account5paisa Review
14Religare154,370Open AccountReligare Review
13Geojit160,984Open AccountGeojit Review
12Upstox186,456Open AccountUpstox Review
11IIFL203,702Open AccountIIFL Review
10SBI Securities210,892Open AccountSBI Securities Review
9Karvy265,798Open AccountKarvy Review
8Motilal Oswal326,011Open AccountMotilal Oswal Review
7AxisDirect389,512Open AccountAxisDirect Review
6Angel Broking426,716Open AccountAngel Broking Review
5Kotak Securities443,461Open AccountKotak Securities Review
4Sharekhan504,796Open AccountSharekhan Review
3HDFC Securities650,114Open AccountHDFC Securities Review
2ICICI Direct878,884Open AccountICICI Direct Review
1Zerodha979,241Open 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.


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