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Top 20 Share Brokers in India 2016

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

A genuine list of top share brokers in India 2016 by the number of the active clients in 2016. 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 2016 below:

Top 20 Share Brokers in India 2016

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1ICICIdirect618,359Open Account ICICIdirect Review
2HDFC Securities483,244Open AccountHDFC Securities Review
3Sharekhan366,468Open AccountSharekhan Review
4Kotak Securities273,895Open AccountKotak Securities Review
5AxisDirect259,006Open AccountAxisDirect Review
6Angel Broking230,194Open Account Angel Broking Review
7Motilal Oswal207,194Open AccountMotilal Oswal Review
8IIFL Securities197,996Open Account IIFL Securities Review
9SBI Securities169,345Open AccountSBI Securities Review
10Zerodha165,586Open Account Zerodha Review
11Geojit160,317Open AccountGeojit Review
12Religare120,758Open AccountReligare Review
13Reliance Securities83,430Open AccountReliance Securities Review
14Edelweiss74,631Open Account Edelweiss Review
15SMC Global74,227Open AccountSMC Global Review
16Nirmal Bang72,795Open AccountNirmal Bang Review
17Ventura68,519Open AccountVentura Review
18Anand Rathi64,451Open AccountAnand Rathi Review
19Marwadi Shares53,712Open AccountMarwadi Shares Review
20Tradebulls41,810Open AccountTradebulls 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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