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Top 20 Share Brokers in India in 2018

Share brokers are members of the stock exchanges (i.e. BSE, NSE, MCX) and regulated by SEBI in India. They are authorized to execute trades on behalf of its customers which includes share market investors, traders in both retail and institutional clients.

There are 10 stock brokers in India who has over 1 lakh of clients. These top 10 share brokers in India include well known brokers like ICICI Direct, HDFC Securities and Sharekhan.

Here is the list of the best share brokers in India, the top 20 share broking companies in India.

Top 20 Share Brokers in India in 2018

Broker Company Name Number of Clients
ZerodhaZERODHA887,267
ICICIDirectICICI SECURITIES LTD830,661
HDFC SecuritiesHDFC SECURITIES LTD668,312
SharekhanSHAREKHAN LTD517,252
Kotak SecuritiesKOTAK SECURITIES LTD435,201
AxisDirectAXIS SECURITIES LTD421,771
Angel BrokingANGEL BROKING LTD414,831
Motilal OswalMOTILAL OSWAL SECURITIES LTD322,121
KarvyKARVY STOCK BROKING LTD268,272
India Infoline (IIFL)IIFL SECURITIES LTD221,753
SBI SecuritiesSBICAP SECURITIES LTD209,567
GeojitGEOJIT FINANCIAL SERVICES LTD163,875
ReligareRELIGARE BROKING LTD162,151
Reliance SecuritiesRELIANCE SECURITIES LTD121,749
EdelweissEDELWEISS BROKING LTD120,378
SMC GlobalSMC GLOBAL SECURITIES LTD107,689
5paisa5PAISA CAPITAL LTD101,043
Nirmal BangNIRMAL BANG SECURITIES PVT LTD96,070
UpstoxRKSV SECURITIES INDIA PVT LTD92,781
Marwadi SharesMARWADI SHARES & FINANCE LTD89,537



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