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Top 20 Share Brokers in India 2024

Top Share Brokers in India 2024 (Top 20 Stock Brokers)

A real list of top stock brokers in India 2024 by number of active clients in 2024. 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 2024

Top 20 Share Brokers in India 2024

Rank Broker Active Clients Request Callback Review Compare
ProStocks - Open Online Account ProStocks Review
1Zerodha7,884,365Open Account Zerodha Review
2Upstox2,771,549Open Account Upstox Review
3Paytm Money735,825Open Account Paytm Money Review
4Motilal Oswal958,025Open Account Motilal Oswal Review
5Kotak Securities1,382,036Open Account Kotak Securities Review
6Fyers240,489Open Account Fyers Review
7Alice Blue161,168Open Account Alice Blue Review
8IIFL Securities454,611Open Account IIFL Securities Review
95paisa526,773Open Account 5paisa Review
10Angel One7,132,861Open Account Angel One Review
11Groww11,882,869Groww Review
12ICICIdirect1,905,641ICICIdirect Review
13HDFC Securities1,244,723HDFC Securities Review
14SBI Securities966,099SBI Securities Review
15Dhan739,810Dhan Review
16Sharekhan690,766Sharekhan Review
17AxisDirect404,885AxisDirect Review
18Geojit252,344Geojit Review
19Choice Broking222,280Choice Broking Review
20SMC Global188,959SMC Global 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 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.

5 Comments

5. Sumeet   I Like It. |Report Abuse|  Link|October 15, 2024 9:45:42 PMReply
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4. Rajiv Das   I Like It. |Report Abuse|  Link|September 22, 2024 5:22:34 PMReply
Which broker is good for IPO I don't know but I'm applied from two broker but the result is 1 in 50 applications I think there were some people manipulate something and don't provide the public by the right way, they took the butter and threw the scrap for the public.
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