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Top 20 Share Brokers in India 2018

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

A genuine list of top share brokers in India 2018 by the number of the active clients in 2018. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by ICICI Bank, HDFC Bank and Sharekhan.

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 2018 below:

Top 20 Share Brokers in India 2018

Rank Broker Active Clients Request Callback Review
1Zerodha887,267Open AccountZerodha Review
2ICICIDirect830,661Open AccountICICIDirect Review
3HDFC Securities668,312Open AccountHDFC Securities Review
4Sharekhan517,252Open AccountSharekhan Review
5Kotak Securities435,201Open AccountKotak Securities Review
6AxisDirect421,771Open AccountAxisDirect Review
7Angel Broking414,831Open AccountAngel Broking Review
8Motilal Oswal322,121Open AccountMotilal Oswal Review
9Karvy268,272Open AccountKarvy Review
10IIFL221,753Open AccountIIFL Review
11SBI Securities209,567Open AccountSBI Securities Review
12Geojit163,875Open AccountGeojit Review
13Religare162,151Open AccountReligare Review
14Reliance Securities121,749Open AccountReliance Securities Review
15Edelweiss120,378Open AccountEdelweiss Review
16SMC Global107,689Open AccountSMC Global Review
175paisa101,043Open Account5paisa Review
18Nirmal Bang96,070Open AccountNirmal Bang Review
19Upstox92,781Open AccountUpstox Review
20Marwadi Shares89,537Open AccountMarwadi Shares 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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