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Top 20 Share Brokers in India 2012

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

A genuine list of top share brokers in India 2012 by the number of the active clients in 2012. 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 2012 below:

Top 20 Share Brokers in India 2012

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1ICICIdirect2,103,212Open Account ICICIdirect Review
2HDFC Securities1,336,638Open AccountHDFC Securities Review
3Sharekhan1,125,128Open AccountSharekhan Review
4IIFL Securities1,019,778Open Account IIFL Securities Review
5Religare803,640Open AccountReligare Review
6Angel Broking787,923Open Account Angel Broking Review
7Reliance Securities687,888Open AccountReliance Securities Review
8Kotak Securities674,160Open AccountKotak Securities Review
9Motilal Oswal621,966Open AccountMotilal Oswal Review
10Dhani Stocks607,108Open AccountDhani Stocks Review
11Geojit452,945Open AccountGeojit Review
12Anand Rathi296,977Open AccountAnand Rathi Review
13SBI Securities275,515Open AccountSBI Securities Review
14SMC Global253,314Open AccountSMC Global Review
15Bonanza240,596Open AccountBonanza Review
16Aditya Birla Money216,256Open AccountAditya Birla Money Review
17Nirmal Bang149,043Open AccountNirmal Bang Review
18Ventura131,678Open AccountVentura Review
19Marwadi Shares130,338Open AccountMarwadi Shares Review
20Sushil Financial122,745Open AccountSushil Financial 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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