Top 20 Share Brokers in India 2020

Top Share Brokers in India 2020 (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 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 2020 below:

Top 20 Share Brokers in India 2020

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1Zerodha3,602,074Open Account Zerodha Review
2Upstox2,141,095Open Account Upstox Review
3ICICIdirect1,580,233Open Account ICICIdirect Review
4Angel One1,564,667Open Account Angel One Review
5HDFC Securities957,085HDFC Securities Review
65paisa870,405Open Account 5paisa Review
7Groww780,570Groww Review
8Kotak Securities743,206Open Account Kotak Securities Review
9Sharekhan679,333Open Account Sharekhan Review
10Motilal Oswal564,034Motilal Oswal Review
11AxisDirect454,882AxisDirect Review
12SBI Securities329,099SBI Securities Review
13IIFL Securities291,730Open Account IIFL Securities Review
14Geojit201,206Geojit Review
15Nuvama157,254Open Account Nuvama Review
16SMC Global135,863SMC Global Review
17Religare132,939Religare Review
18Alice Blue125,223Open Account Alice Blue Review
19Nirmal Bang123,213Nirmal Bang Review
20Ventura96,431Ventura 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.


  • 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.


13. samy   I Like It. |Report Abuse|  Link|Aug 11, 2020 12:01:45 PMReply
about angel broking
13.1. arshiyan   I Like It. |Report Abuse|  Link|Nov 29, 2020 7:04:33 PM
very nice broker, good trading platform and less brokage charge
13.2. Bikash Das   I Like It. |Report Abuse|  Link|Nov 30, 2020 3:09:38 PM
Worst broking platform and services.
Do not go with.
They will swallow your money.
12. ujval   I Like It. |Report Abuse|  Link|Oct 24, 2020 5:22:26 PMReply
Very Bad experience with Share khan @ Vapi Chala branch.
12.1. Fahad   I Like It. |Report Abuse|  Link|Nov 13, 2020 7:06:35 PM
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 .
12.2. Narendra   I Like It. |Report Abuse|  Link|Mar 12, 2021 11:37:35 PM
Use upstox
11. priyanka jadhav   I Like It. |Report Abuse|  Link|Aug 4, 2020 5:37:30 PMReply
sharekhan is so good providing all service with full satisfaction.
11.3. DINESH PATEL   I Like It. |Report Abuse|  Link|Jan 14, 2021 12:55:45 PM
11.4. Hemal Chandan   I Like It. |Report Abuse|  Link|Jan 20, 2021 10:04:37 AM
I don't agree . They were good few years before. Now pathetic customer service. They don't care if they have customer or not.
10. Vineet   I Like It. |Report Abuse|  Link|Dec 27, 2020 11:30:59 PMReply
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..
9. saurav   I Like It. |Report Abuse|  Link|Dec 29, 2020 12:08:50 PMReply
its ok but which broker provides every day fund me for trading.
8. Prajwal Bagul   I Like It. |Report Abuse|  Link|Dec 21, 2020 12:30:11 AMReply
What about 5paisa how is it?
7. pk   I Like It. |Report Abuse|  Link|Jun 11, 2020 9:49:30 AMReply
axis bank tacking high charges so guys bebare axis bank
6. MasterRK   I Like It. |Report Abuse|  Link|Oct 25, 2020 9:05:25 PMReply
ShareKhan has come up with discount broking with name espresso...Your thoughts on it?
5. vijay kumar   I Like It. |Report Abuse|  Link|Jul 29, 2020 11:46:28 AMReply
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
5.1. BRAJA BANDHU BEHERA   I Like It. |Report Abuse|  Link|Aug 16, 2020 6:40:52 PM
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
4. Sujith Chacko   I Like It. |Report Abuse|  Link|Aug 18, 2020 7:04:45 PMReply
SEBI should allow investors to directly trade in shares rather than through an intermediary.The earlier it is done the better.
3. Raj   I Like It. |Report Abuse|  Link|Apr 14, 2020 6:56:13 AMReply
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.
2. Karthick   I Like It. |Report Abuse|  Link|Jul 19, 2020 10:22:28 AMReply
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.
1. SHIVA   I Like It. |Report Abuse|  Link|May 16, 2020 1:14:36 PMReply