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Top 20 Share Brokers in India 2022

Top Share Brokers in India 2022 (Top 20 Stock Brokers)

A real list of top stock brokers in India 2022 by number of active clients in 2022. Groww is the top stock broker among all brokers in India. Groww is followed by Zerodha, Angel One, Upstox, and ICICIdirect.

There are 20 top stock brokers who have more than 1 lakh active clients. The list of top stock brokers in India, ranked by year, also provides information about the current number of active clients with the brokers. Here is the ranking of top online brokers 2022

<< Year 2021	2022	Year 2023 > >

Top 20 Share Brokers in India 2022

Rank	Broker	Active Clients	Request Callback
	ProStocks	-	Open Online Account
20	Alice Blue	142,016	Open Account
19	SMC Global	153,078
18	Fyers	172,712	Open Account
17	Choice Broking	211,464
16	Nuvama (Edelweiss)	218,206	Open Account
15	Geojit	235,600
14	AxisDirect	333,638
13	IIFL Securities	480,984	Open Account
12	SBI Securities	516,083
11	Paytm Money	646,387	Open Account
10	5paisa	652,353	Open Account
9	Sharekhan	694,334
8	Motilal Oswal	805,125	Open Account
7	Kotak Securities	923,785	Open Account
6	HDFC Securities	1,063,911
5	ICICIdirect	2,333,088	Open Account
4	Upstox	2,880,604	Open Account
3	Angel One	4,281,951	Open Account
2	Groww	5,373,705
1	Zerodha	6,392,902	Open Account

		Compare

Compare

<< Year 2021	2022	Year 2023 > >

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:

Full-services brokers
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 One 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.

17 Comments

17. sudhir kumar

| Link|November 29, 2022 10:16:11 AMReply

Anand Rathi is also best in Full-service brokers in stock trading, specially in research and advisory.

17.1. Kundan Mewada

| Link|October 9, 2023 6:03:36 PM

Kundan Mewada

16. Subrata Nath

| Link|August 26, 2022 9:08:05 AMReply

Avoid Kotak Securities, as they may deduct any random amount in the name of technical glitch or new brokerage scheme (scam?). You will never able to decode the financial reports.

16.1. Binu

| Link|May 5, 2023 5:57:29 AM

Delivery brokerage is very high

15. Vikki Patel

| Link|December 12, 2022 3:57:36 PMReply

Sir can you please tell about Wisdom capital is this good for trading or investing i have lot's of question about Wisdom Capital

14. Joseph Mathew

| Link|November 5, 2022 7:58:52 PMReply

Beware of Kotak securities. I stopped trading with them 5 years back. With 0 (nil) account. After one year they started sending me email and SMS claiming that I owe them 1000 rupees. Next year they revised it as 2000 rupees and now claims 4000 rupees. I had tried several times to stop this non sense as I had no pending amount when I stopped as it was online trading. But their support team failed to get me out as they say the scheme in which I was a member no more exits.

14.1. Rasc

| Link|January 24, 2023 5:27:39 PM

Yes similar experience
Their platform NEoStock goes down time to time depending on your position in market and trades.
Heavy losses.

13. manonmani

| Link|July 24, 2022 9:24:13 PMReply

Be alert with icici direct. There is no safety and security for MTF trading and they will square off anytime and u will loose your money. Not advisable to trade in icici direct. Due to pan and aadhar not linked they squared off all the positions. Afterthat there is no response from icici from Advisior and RM

12. Deepak

| Link|October 19, 2022 4:13:32 PMReply

Best is Paytm Money. It gives very good technical details... Groww is also good but it shows wrong info about todays high and todays low when price is near to todays low and todays high.....

11. online trading

| Link|October 13, 2022 11:25:25 AMReply

thankyou for giving such useful information.
online trading

10. Atul Goel

| Link|August 18, 2022 3:09:07 AMReply

The best brokerege house is Sharekhan. It provides good and authentic research reports. It's app is very easy to understand. Online videos are very good.

9. Ashok Prakash Ahire

| Link|January 14, 2022 5:18:56 PMReply

I love to using zerodha kite & I recommend to everyone...

8. Shekhar Mahadeo Shingade

| Link|March 5, 2022 8:21:15 AMReply

I use Alice Blue & its very good broker ..i m happy with AB....

8.1. Samiulla

| Link|March 20, 2022 4:28:58 PM

Trading

8.2. Ashish

| Link|April 28, 2022 7:57:35 PM

I want to use groww app. Plg guide me

7. Praveen Raj

| Link|October 10, 2022 9:42:37 PMReply

how is first stock broker? is it safe?

6. Nitin

| Link|September 18, 2022 9:43:36 PMReply

IIFL is also impressive app

5. Ramniwas

| Link|February 21, 2022 1:38:24 AMReply

I use angel one is very appropriate and improved I feel very good

5.1. vishal

| Link|August 31, 2022 3:32:54 PM

minimum brokerage 35/- is removed or it is available?

4. Sunil

| Link|August 1, 2022 2:38:04 AMReply

Zerodha is best , tried angel one, groww, 5paisa but unsatisfied

The best feature of zerodha is various reports , like tax pnl which is very detailed

Angel one has pathetic tax pnl snd while filling return have to manually enter values

3. Gaurav kinariwale

| Link|August 3, 2022 5:01:09 PMReply

Use Edelweiss as trading platform, great experience over 5 years full service broker and good technical charting available.

2. Kalu

| Link|February 28, 2022 3:41:27 PMReply

Good Information. keep growing

1. Belraj

| Link|February 2, 2022 5:48:12 PMReply

Iam suing Angelone.Iam fully satisfied with this .
I have upstox and Zerodha but rarely used.
I recommend this to everyone.

1.1. Ramniwas

| Link|February 21, 2022 1:41:15 AM

Sir I am use only angel one