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Top 20 Share Brokers in India 2021

Top Share Brokers in India [[yyyy]] (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2021 by the number of the active clients in 2021. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel Broking, ICICIdirect and Groww.

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 2021 below:

Top 20 Share Brokers in India 2021

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1Zerodha5,685,723Open Account Zerodha Review
2Upstox4,551,755Open Account Upstox Review
3SMC Global158,006Open AccountSMC Global Review
4Sharekhan764,651Open AccountSharekhan Review
5SBI Securities462,752Open AccountSBI Securities Review
6Religare163,511Open AccountReligare Review
7Paytm Money318,897Open Account Paytm Money Review
8Motilal Oswal788,629Open AccountMotilal Oswal Review
9Kotak Securities1,108,340Open AccountKotak Securities Review
10IIFL Securities889,367Open Account IIFL Securities Review
11ICICIdirect2,752,864Open Account ICICIdirect Review
12HDFC Securities1,056,565Open AccountHDFC Securities Review
13Groww2,964,344Open AccountGroww Review
14Geojit233,999Open AccountGeojit Review
15Edelweiss183,089Open Account Edelweiss Review
16Choice Broking157,231Open AccountChoice Broking Review
17AxisDirect402,765Open AccountAxisDirect Review
18Angel Broking3,060,398Open Account Angel Broking Review
19Alice Blue147,637Open Account Alice Blue Review
205paisa1,459,744Open Account 5paisa 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.


29. Sandip Chougale  Aug 11, 2021 1:07:01 PM I Like It. | Report Abuse Reply
Plz. suggest Good broker which provide "Trading view" charts & have NSE Co-location server?
If there is Discount broker then it's good. (Suggest Other than Zerodha, FYERS & UPSTOX - all these have Order, Chart & Price freeze issue in high volatility time)
29.1. Amarnath Ghosh  Jan 17, 2022 6:02:48 AM I Like It. | Report Abuse
28. keshav mandhare  Jan 4, 2021 8:53:36 AM I Like It. | Report Abuse Reply
Nice information sir, much appreciated

27. shivam ghadge  Dec 9, 2021 8:04:51 PM I Like It. | Report Abuse Reply
angel broking is best broker
26. Shashank Chouhan  Oct 27, 2021 5:53:06 PM I Like It. | Report Abuse Reply
Zerodha is the best platform and most user friendly interfacce.
26.1. Kishan  Nov 18, 2021 10:25:34 AM I Like It. | Report Abuse
25. Raghu  Aug 5, 2021 10:55:17 PM I Like It. | Report Abuse Reply
Which is better for trading and dmat and low cost with efficiency.
I'm new to this world
25.3. BIRADAR N  Sep 12, 2021 8:45:48 PM I Like It. | Report Abuse
Angel One is one of the best Tradding company.
25.4. Anurag  Nov 13, 2021 12:06:21 PM I Like It. | Report Abuse
Prostocks - Sunlight broking is reasonable option in low cost broker.
24. Harish  Nov 5, 2021 7:52:50 AM I Like It. | Report Abuse Reply
None of the Indian brokers are equipped for high-speed scalping. In fact most of them don't even have proper data connection to the exchanges.
23. Trader King  Oct 30, 2021 10:33:25 AM I Like It. | Report Abuse Reply
I love using Geojit ....I recommend it to everyone.
22. P Tripathy  Oct 17, 2021 3:39:03 PM I Like It. | Report Abuse Reply
Hi, Thanks to the efforts of Chttorgarh. Figures and other information provided here should have been updated intermittently.
I have been using Ventura Pointer since long. Their service is good, but the Desktop Trading platform is not updated for long. Hangs out during pick hours/ increasing number of trade executed in exchange. Some time chart is not refreshed and shows wrong price. Can anybody please suggest the most user-friendly Desktop Platform for Intraday with low internet bandwidth. Internet speed is also a major set back in my locality.
Thanks in advance.
21. Bailochan Marndi  Sep 2, 2021 12:11:30 PM I Like It. | Report Abuse Reply
Angel One is one of the best stock broker in India.
21.1. Dr. Mandhir K Verma  Oct 13, 2021 3:17:17 PM I Like It. | Report Abuse
Dear After every 4-5 days the site got hanged or display uneven between portfolio and orders etc.
20. Gilson DCruz  Oct 8, 2021 2:40:18 PM I Like It. | Report Abuse Reply
we are a group of 7 traders using SBI, ICICI, Zerodha, 5Paisa, Reliance & Sasonline. among these Sasonline is the best when it comes to customer service and 5 paisa is the worst. Furthermore 5paisa website is just pathetic, even if we logout and re-login the stocks on hold pricing does not get updated. Previous days closing price is displayed throughout the day. We got trapped into 5paisa since it is a listed discount brokerage company.
19. Bailochan Marndi  Sep 2, 2021 12:17:02 PM I Like It. | Report Abuse Reply
Angel One is one of the best Tradding company in India.
19.1. Shafeekh  Oct 6, 2021 7:29:57 PM I Like It. | Report Abuse
Angel one is Not Good It Take 20 for buying 20 for selling Additional 18 Charge for intraday
18. Ravi  Sep 13, 2021 2:04:34 PM I Like It. | Report Abuse Reply
Dear Admin,
Lot of information about brokers is incorrect. It is not updated one. For e.g. upstox does not provide margin against pledge, where it is listed in their details. it offers 0 brokerage on equity delivery, but your details say it is 20 Rs. Like wise, finvasia does provide margin against pledge but you mentioned it as no. Please have the details corrected.

18.2. Samirkumarkhan  Sep 29, 2021 5:16:32 PM I Like It. | Report Abuse
Upstox castomer Broker slab.
18.3. Manoj Jain  Oct 5, 2021 2:03:29 PM I Like It. | Report Abuse
Upstox charges Rs. 20 brokerage for Equity delivery its not free
17. Shine  Sep 27, 2021 11:12:49 AM I Like It. | Report Abuse Reply
Total number of dmat account in India is about 6 crores. I think your list is wrong. Pls explain
16. Suleman  Sep 24, 2021 10:43:45 PM I Like It. | Report Abuse Reply
IIFL guys looks lazy now a days.
They were not able to change Corporation Bank name to Union Bank of India since 2 month. So many follow up calls, email and reminders doesn't taken care. Can any one advice the best service broker in Mangalore, Karnataka.
15. Clearsky  Aug 13, 2021 12:39:11 PM I Like It. | Report Abuse Reply
Now that Zerodha has stopped Pi, the desktop trading platform.
Anybody has any suggestions on the best alternative broker who also provides desktop trading platform?
I don't like using Kite, it is good only for monitoring on mobile on the go and if one needs to buy or sell on the mobile.
15.1. Krishna  Aug 18, 2021 7:34:40 PM I Like It. | Report Abuse
U can try Sharekhan, i have been using Sharekhan for 6 years
15.2. Amardeep Ambekar  Sep 23, 2021 12:49:07 AM I Like It. | Report Abuse
You can try Kotak Securities's Trade Smart Terminal. It's an website but its Dashboard
look & feel like an desktop trading platform. Or Kotak Securities also provide "Keat Pro" desktop trading platform.
14. Divakaran K A  Aug 28, 2021 8:58:40 AM I Like It. | Report Abuse Reply
Any one of top ten brokers registered with sebi /nse/bse can be chosen for trading/investment. My favourite broker since 2004 has been India Infoline. Reasonably satisfied. Have had association with ICICI Securities, Geojit, Motilal Oswal etc. Thanks.
13. pranay mahajan  Jul 17, 2021 5:34:46 AM I Like It. | Report Abuse Reply
with with broker we can buy banknifty 1000points away call or put?
13.1. Krishna  Aug 18, 2021 7:36:25 PM I Like It. | Report Abuse
Very funny
12. SriRaj  Jul 2, 2021 8:46:34 PM I Like It. | Report Abuse Reply
which Broker Provides BracketOrder Facility.
I came to know that Zerodha & Groww is NOT PROVIDING .
Please confirm.
12.3. Agam  Aug 4, 2021 11:54:56 AM I Like It. | Report Abuse
12.4. Krishna  Aug 18, 2021 7:35:33 PM I Like It. | Report Abuse
11. vivek  Jul 8, 2021 12:28:34 AM I Like It. | Report Abuse Reply
Anybody knows about Fyers broker ? I heard fyers web terminal app is very good especially it charting is very good, we can place order & keep the track through charts.
11.1. Sandip Chougale  Aug 11, 2021 1:11:10 PM I Like It. 1 | Report Abuse
It was good in past. But last many months Price & order freeze issue. They r completly avoiding customer issues. Only focusing new customers. Not attending any issues. Pathetic support
10. Sumit vadnere  Jun 15, 2021 11:27:37 PM I Like It. | Report Abuse Reply
I have my account in zerodha but now a days i have heard bad news about zerodha and upstox
is this right?
9. Dr Hemant  Feb 15, 2021 9:51:40 AM I Like It. | Report Abuse Reply
I am a investor and swing/positional trader. I am with SAS online. When I opened account few years back they were new and I was offered free demat AMC. So if I do not trade there is no expence at all. They charge only Rs 9 for any amount of transaction. There customer care is top notch. I had no problem so far. Only problem is payin- payout. They charge for it if you do it through the nest trader. IF you do it through back office no charge at all. Payin if done through bank there is no charge.
9.1. D paul  Jul 20, 2021 3:48:45 PM I Like It. | Report Abuse
I m interested plz txt me
8. rigchok  Jul 7, 2021 8:54:15 PM I Like It. | Report Abuse Reply
hey guys.i am new in this field.can you recommend me some good stock broker.
7. Yadnesh Salvi  Jun 28, 2021 9:58:04 PM I Like It. | Report Abuse Reply
How about InteractiveTraders are they good for Indian markets also? Heard they are good for the US markets.
6. Harpreet  Mar 1, 2021 11:16:47 PM I Like It. | Report Abuse Reply
Groww is worst in term of support... They just don't care about customer thr prime target is to sell services if you face issue they won't help.
My funds are stuck from past 6 months because they entered wrong pan in mutual funds. Now, they aren't helping.
6.1. Krishna  May 26, 2021 3:04:46 AM I Like It. | Report Abuse
Put case in consumer court... I also facing problem in groww I am going to put case
6.2. DEVARAJ  Jun 24, 2021 5:44:48 PM I Like It. | Report Abuse
I fixed my target price when the target price has come groww don"t sell my shares so that day i lost 1320rs in tintraday
5. Rohit Joshi  Jun 6, 2021 5:48:54 PM I Like It. | Report Abuse Reply
Thanks, for sharing this useful article, I appreciate you for this informative article, it's very helpful for beginners.      
4. pran jadhav  May 22, 2021 11:11:00 AM I Like It. | Report Abuse Reply
IIFL Securities is one of India's premier and independent full-service brokers. The company is a retail and institutional broking house along with being a leading investment advisory firm. It provides diversified investment products to retail investors, corporates, institutional investors, foreign portfolio investors, etc. It has served over 2.4 million customers to date and over 2000 branches all over the country. You can get intelligent stock recommendations and tips apart from investment assistance. Currently, you can open a free Demat account with IIFL securities and there are no account maintenance charges for the first year. These services truly make IIFL Securities the best share broker.
3. Tejas Trivedi  Mar 17, 2021 11:19:16 AM I Like It. | Report Abuse Reply
What about NJ India?

Is that good?
3.1. Team  May 12, 2021 1:14:23 PM I Like It. | Report Abuse
Sorry, we have not reviewed NJ India yet. They have around 50,000 customers and don't rank amount the top 20 brokers.
2. Shivam Gola  Mar 19, 2021 1:48:56 PM I Like It. | Report Abuse Reply
Sharekhan is best.
As my account in BOB debited but the funds not showing in my sharekhan account. Then I communicated with my broker and the very next day my sharekhan account seems to be credited.
1. Raju Patil  Feb 6, 2021 7:43:33 PM I Like It. | Report Abuse Reply
Zerodha is Very Good...