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Top 20 Share Brokers in India 2019

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

A genuine list of top share brokers in India 2019 by the number of the active clients in 2019. 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 2019 below:

Top 20 Share Brokers in India 2019

Rank Broker Company Name Number of Clients
1ZerodhaZERODHA931,814
2ICICIDirectICICI SECURITIES LTD855,003
3HDFC SecuritiesHDFC SECURITIES LTD664,256
4SharekhanSHAREKHAN LTD507,949
5Kotak SecuritiesKOTAK SECURITIES LTD433,599
6Angel BrokingANGEL BROKING LTD418,840
7AxisDirectAXIS SECURITIES LTD410,900
8Motilal OswalMOTILAL OSWAL SECURITIES LTD323,543
9KarvyKARVY STOCK BROKING LTD262,842
10India Infoline (IIFL)IIFL SECURITIES LTD211,561
11SBI SecuritiesSBICAP SECURITIES LTD206,949
12GeojitGEOJIT FINANCIAL SERVICES LTD161,313
13ReligareRELIGARE BROKING LTD157,059
14UpstoxRKSV SECURITIES INDIA PVT LTD131,293
15EdelweissEDELWEISS BROKING LTD121,672
16Reliance SecuritiesRELIANCE SECURITIES LTD120,292
175paisa5PAISA CAPITAL LTD110,688
18SMC GlobalSMC GLOBAL SECURITIES LTD106,129
19Nirmal BangNIRMAL BANG SECURITIES PVT LTD93,787
20VenturaVENTURA SECURITIES LTD75,598

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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