Top 20 Share Brokers in India 2020

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

A genuine list of top share brokers in India 2020 by the number of the active clients in 2020. 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 2020 below:

Top 20 Share Brokers in India 2020

Rank Broker Active Clients Request Callback Review
1Zerodha3,391,059Open AccountZerodha Review
2Upstox1,960,861Open AccountUpstox Review
3Angel Broking1,454,167Open AccountAngel Broking Review
4ICICI Direct1,435,356Open AccountICICI Direct Review
5HDFC Securities944,091Open AccountHDFC Securities Review
65paisa845,879Open Account5paisa Review
7Kotak Securities717,658Open AccountKotak Securities Review
8Sharekhan676,631Open AccountSharekhan Review
9Groww656,519Open AccountGroww Review
10Motilal Oswal543,311Open AccountMotilal Oswal Review
11AxisDirect439,273Open AccountAxisDirect Review
12SBI Securities322,353Open AccountSBI Securities Review
13IIFL Securities287,503Open AccountIIFL Securities Review
14Geojit197,001Open AccountGeojit Review
15Edelweiss157,198Open AccountEdelweiss Review
16SMC Global135,715Open AccountSMC Global Review
17Religare129,855Open AccountReligare Review
18Nirmal Bang123,768Open AccountNirmal Bang Review
19Alice Blue119,106Open AccountAlice Blue Review
20Reliance Securities117,799Open AccountReliance Securities 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.


Tejas Trivedi
25. Tejas Trivedi  Mar 17, 2021 10:19 I Like It. | Report Abuse Reply 0
What about NJ India?

Is that good?
Shivam Gola
24. Shivam Gola  Mar 19, 2021 12:48 I Like It. | Report Abuse Reply 0
Sharekhan is best.
As my account in BOB debited but the funds not showing in my sharekhan account. Then I communicated with my broker and the very next day my sharekhan account seems to be credited.
23. Harpreet  Mar 1, 2021 22:16 I Like It. | Report Abuse Reply 0
Groww is worst in term of support... They just don't care about customer thr prime target is to sell services if you face issue they won't help.
My funds are stuck from past 6 months because they entered wrong pan in mutual funds. Now, they aren't helping.
22. ujval  Oct 24, 2020 16:22 I Like It. | Report Abuse Reply 0
Very Bad experience with Share khan @ Vapi Chala branch.
22.1. Fahad  Nov 13, 2020 18:06 I Like It. | Report Abuse 0
On what grounds you frame that statement for ShareKhan ? Actually your experience with Sharekhan will contribute in deciding whether to go with Sharekhan or not . Thank you .
22.2. Narendra  Mar 12, 2021 22:37 I Like It. | Report Abuse 0
Use upstox
Hunch Trading
21. Hunch Trading  Dec 7, 2020 14:46 I Like It. | Report Abuse Reply 0
Thanks for the list.
Indian Forex Trading
Stock Broking Company
21.1. Ajay  Mar 8, 2021 10:39 I Like It. | Report Abuse 0
Goodwill discount broker have super low brokerage plan rs 11 per order all segment they have good app giga & integer check details
Swapan Mandal
20. Swapan Mandal  Sep 29, 2020 09:26 I Like It. | Report Abuse Reply 0
Finvasia Securities is the best for all. It's free for holding, intraday trading, drmat all is free. Purely full discount broker. Full support and very easy.
Sekhar Talapatra
20.1. Sekhar Talapatra  Dec 27, 2020 06:04 I Like It. | Report Abuse 0
Hello Mr. Please send me details about FINVASIA SECURITIES.
No share
20.2. No share  Mar 1, 2021 05:12 I Like It. | Report Abuse 0
Finvasia support is very bad. It made me to leave share trading.
Dr Hemant
19. Dr Hemant  Feb 15, 2021 08:51 I Like It. | Report Abuse Reply 0
I am a investor and swing/positional trader. I am with SAS online. When I opened account few years back they were new and I was offered free demat AMC. So if I do not trade there is no expence at all. They charge only Rs 9 for any amount of transaction. There customer care is top notch. I had no problem so far. Only problem is payin- payout. They charge for it if you do it through the nest trader. IF you do it through back office no charge at all. Payin if done through bank there is no charge.
Raju Patil
18. Raju Patil  Feb 6, 2021 18:43 I Like It. | Report Abuse Reply 0
Zerodha is Very Good...
17. DINESH  Jan 14, 2021 11:54 I Like It. | Report Abuse Reply 0
17.1. Zack  Jan 24, 2021 11:36 I Like It. | Report Abuse 0
Best broker is upstox. I am fan of there customer service they do really support beginners. Flat Rs 20/- per order no matter how many share you buy.
16. Zack  Jan 24, 2021 11:32 I Like It. | Report Abuse Reply 0
Trading since 2016 and still trading its best broker. One day it will be in no.1 position for sure. Join now to get Rs 200/- cash back from here
You will also get 30 days unlimited broker from the link.
Let your money work for you!!!
priyanka jadhav
15. priyanka jadhav  Aug 4, 2020 16:37 I Like It. | Report Abuse Reply 0
sharekhan is so good providing all service with full satisfaction.
15.3. DINESH PATEL  Jan 14, 2021 11:55 I Like It. | Report Abuse 0
Hemal Chandan
15.4. Hemal Chandan  Jan 20, 2021 09:04 I Like It. | Report Abuse 0
I don't agree . They were good few years before. Now pathetic customer service. They don't care if they have customer or not.
14. DINESH PATEL  Jan 14, 2021 11:53 I Like It. | Report Abuse Reply 0
what about GROWW
13. Vineet  Dec 27, 2020 22:30 I Like It. | Report Abuse Reply 0
I have started using Zerodha.. Its very user friendly.. Bt One thing which is lacking in zerodha is you have to add your Watchlist yourself.. If supposingly i wanted to see Top 50 stocks i cannot see in it.. I hv to check from other sites and then add the same in My watch List..
keshav mandhare
12. keshav mandhare  Jan 4, 2021 07:53 I Like It. | Report Abuse Reply 0
Nice information sir, much appreciated

11. saurav  Dec 29, 2020 11:08 I Like It. | Report Abuse Reply 0
its ok but which broker provides every day fund me for trading.
Prajwal Bagul
10. Prajwal Bagul  Dec 20, 2020 23:30 I Like It. | Report Abuse Reply 0
What about 5paisa how is it?
9. pk  Jun 11, 2020 08:49 I Like It. | Report Abuse Reply 0
axis bank tacking high charges so guys bebare axis bank
8. MasterRK  Oct 25, 2020 20:05 I Like It. | Report Abuse Reply 0
ShareKhan has come up with discount broking with name espresso...Your thoughts on it?
vijay kumar
7. vijay kumar  Jul 29, 2020 10:46 I Like It. | Report Abuse Reply 0
i have open trading account in kotak securities last six month befoe. they closed my account said reason ur client master not give us u summited again, I summited Again DP clients master till one and half month they have not reopen my acccount,
friends ye physical me open hai,
kotak services is very very bad---------------------- very bad
7.1. BRAJA BANDHU BEHERA  Aug 16, 2020 17:40 I Like It. | Report Abuse 0
I had bitter experience with Kotak Securities after I was looted by fraud Brokers Indiabulls Securities now Indiabulls Venture who with help of corrupt officers of CDSL transferred shares worth more than Rs one crore also NSE BSE SEBI Official equally responsible then opened Trading account with Kotak who for delay payment charging compound interest 36% calculated weekly basis high brokerage then open account with Karvy stock Broking who looted 2 lakh clients
6. samy  Aug 11, 2020 11:01 I Like It. | Report Abuse Reply 0
about angel broking
6.1. arshiyan  Nov 29, 2020 18:04 I Like It. | Report Abuse 0
very nice broker, good trading platform and less brokage charge
Bikash Das
6.2. Bikash Das  Nov 30, 2020 14:09 I Like It. | Report Abuse 0
Worst broking platform and services.
Do not go with.
They will swallow your money.
Sujith Chacko
5. Sujith Chacko  Aug 18, 2020 18:04 I Like It. | Report Abuse Reply 0
SEBI should allow investors to directly trade in shares rather than through an intermediary.The earlier it is done the better.
4. Raj  Apr 14, 2020 05:56 I Like It. | Report Abuse Reply 0
1 )Zerodha is not responding calls when it is needed and even not giving a call back even after the call got missed.
2) Why our money is not showing in the fund ? Seems they are taking our money into their account when it is off day of share market. I got shocked when it showed zero balance in my account.
3) Withdraw time should be available on 24 hours basis.
4) Why should we wait to withdraw our money for more than 24 hours.
3. Karthick  Jul 19, 2020 09:22 I Like It. | Report Abuse Reply 0
Ranking here is quantitative..Ranking based on Quality of service is very difficult
There could be other brokers who might provide superior services. End of the day it comes to charges & servers being run without issues. Zerodh & Upstox often has server issues. ICICI Sec & Sharekhan are extremely costly. Their lowest brokerage plan is 5-10times costlier than Upstox n Zerodha. Alice blue is also equally good in terms of charges n services.
2. SHIVA  May 16, 2020 12:14 I Like It. | Report Abuse Reply 0
1. TARAKKAD RAMAKRISHNAN KRISHNAMOORTHY  Nov 16, 2019 05:19 I Like It. | Report Abuse Reply 0


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