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Top 20 Share Brokers in India 2017

Top Share Brokers in India 2017 (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 One, 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 Securities602,493HDFC Securities Review
3Zerodha540,905Open Account Zerodha Review
4Sharekhan535,003Open Account Sharekhan Review
5AxisDirect404,769AxisDirect Review
6Kotak Securities368,638Open Account Kotak Securities Review
7Angel One363,663Open Account Angel One Review
8Motilal Oswal307,647Motilal Oswal Review
9IIFL Securities225,435Open Account IIFL Securities Review
10SBI Securities213,616SBI Securities Review
11Geojit183,466Geojit Review
12Religare143,892Religare Review
13Nuvama104,643Open Account Nuvama Review
14SMC Global103,047SMC Global Review
15Nirmal Bang95,918Nirmal Bang Review
16Ventura82,753Ventura Review
17Anand Rathi77,554Open Account Anand Rathi Review
18Tradebulls70,928Tradebulls Review
19Aditya Birla Money54,857Aditya Birla Money Review
20Dhani Stocks49,495Dhani Stocks 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.

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