Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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A real list of top stock brokers in India 2016 by number of active clients in 2016. 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 2016
| Rank | Broker | Active Clients | Request Callback | Review | Compare |
|---|---|---|---|---|---|
| ProStocks | - | Open Online Account |  |
||
| 1 | Nuvama (Edelweiss) | 74,631 | Open Account  | | |
| 2 | Motilal Oswal | 207,194 | Open Account | | |
| 3 | Kotak Securities | 273,895 | Open Account | | |
| 4 | ICICIdirect | 618,359 | Open Account | | |
| 5 | Anand Rathi | 64,451 | Open Account | | |
| 6 | IIFL Securities | 197,996 | Open Account | | |
| 7 | Zerodha | 165,586 | Open Account | | |
| 8 | Angel One | 230,194 | Open Account | | |
| 9 | HDFC Securities | 483,244 | | ||
| 10 | Sharekhan | 366,468 | | ||
| 11 | AxisDirect | 259,006 | | ||
| 12 | SBI Securities | 169,345 | | ||
| 13 | Geojit | 160,317 | | ||
| 14 | Religare | 120,758 | | ||
| 15 | SMC Global | 74,227 | | ||
| 16 | Nirmal Bang | 72,795 | | ||
| 17 | Ventura | 68,519 | | ||
| 18 | Tradebulls | 41,810 | | ||
| 19 | Aditya Birla Money | 40,316 | | ||
| 20 | Dhani Stocks | 39,485 | |
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-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:
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