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Top 20 Share Brokers in India 2017

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

A genuine list of top share brokers in India 2017 by the number of the active clients in 2017. 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 2017 below:

Top 20 Share Brokers in India 2017

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1ICICIdirect798,355Open Account ICICIdirect Review
2HDFC Securities602,493Open AccountHDFC Securities Review
3Zerodha540,905Open Account Zerodha Review
4Sharekhan535,003Open AccountSharekhan Review
5AxisDirect404,769Open AccountAxisDirect Review
6Kotak Securities368,638Open AccountKotak Securities Review
7Angel Broking363,663Open Account Angel Broking Review
8Motilal Oswal307,647Open AccountMotilal Oswal Review
9IIFL Securities225,435Open Account IIFL Securities Review
10SBI Securities213,616Open AccountSBI Securities Review
11Geojit183,466Open AccountGeojit Review
12Religare143,892Open AccountReligare Review
13Reliance Securities122,858Open AccountReliance Securities Review
14Edelweiss104,643Open Account Edelweiss Review
15SMC Global103,047Open AccountSMC Global Review
16Nirmal Bang95,918Open AccountNirmal Bang Review
17Ventura82,753Open AccountVentura Review
18Anand Rathi77,554Open AccountAnand Rathi Review
19Tradebulls70,928Open AccountTradebulls Review
20Aditya Birla Money54,857Open AccountAditya Birla Money 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.

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.

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