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Top 20 Share Brokers in India 2021

Top Share Brokers in India 2021 (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2021 by the number of the active clients in 2021. 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 2021 below:

Top 20 Share Brokers in India 2021

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1Zerodha6,277,434Open Account Zerodha Review
2Upstox5,215,523Open Account Upstox Review
3Groww3,847,955Groww Review
4Angel One3,657,550Open Account Angel One Review
5ICICIdirect3,031,192Open Account ICICIdirect Review
65paisa1,754,330Open Account 5paisa Review
7Kotak Securities1,256,001Open Account Kotak Securities Review
8HDFC Securities1,141,264HDFC Securities Review
9IIFL Securities1,132,766Open Account IIFL Securities Review
10Motilal Oswal896,851Motilal Oswal Review
11Sharekhan764,250Open Account Sharekhan Review
12SBI Securities635,384SBI Securities Review
13AxisDirect422,358AxisDirect Review
14Paytm Money404,376Open Account Paytm Money Review
15Choice Broking253,785Choice Broking Review
16Geojit234,546Geojit Review
17Edelweiss193,041Open Account Edelweiss Review
18Religare165,416Religare Review
19SMC Global160,010SMC Global Review
20Alice Blue149,397Open Account Alice Blue 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.

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.

28 Comments

28. Sandip Chougale   I Like It. |Report Abuse|  Link|Aug 11, 2021 1:07:01 PMReply
Plz. suggest Good broker which provide "Trading view" charts & have NSE Co-location server?
If there is Discount broker then it's good. (Suggest Other than Zerodha, FYERS & UPSTOX - all these have Order, Chart & Price freeze issue in high volatility time)
28.1. Amarnath Ghosh   I Like It. |Report Abuse|  Link|Jan 17, 2022 6:02:48 AM
Zerodha
27. keshav mandhare   I Like It. |Report Abuse|  Link|Jan 4, 2021 8:53:36 AMReply
Nice information sir, much appreciated

26. shivam ghadge   I Like It. |Report Abuse|  Link|Dec 9, 2021 8:04:51 PMReply
angel broking is best broker
25. Shashank Chouhan   I Like It. |Report Abuse|  Link|Oct 27, 2021 5:53:06 PMReply
Zerodha is the best platform and most user friendly interfacce.
25.1. Kishan   I Like It. |Report Abuse|  Link|Nov 18, 2021 10:25:34 AM
Hello
24. Raghu   I Like It. |Report Abuse|  Link|Aug 5, 2021 10:55:17 PMReply
Which is better for trading and dmat and low cost with efficiency.
I'm new to this world
24.3. BIRADAR N   I Like It. |Report Abuse|  Link|Sep 12, 2021 8:45:48 PM
Angel One is one of the best Tradding company.
24.4. Anurag   I Like It. |Report Abuse|  Link|Nov 13, 2021 12:06:21 PM
Prostocks - Sunlight broking is reasonable option in low cost broker.
23. Harish   I Like It. |Report Abuse|  Link|Nov 5, 2021 7:52:50 AMReply
None of the Indian brokers are equipped for high-speed scalping. In fact most of them don't even have proper data connection to the exchanges.
22. Trader King   I Like It. |Report Abuse|  Link|Oct 30, 2021 10:33:25 AMReply
I love using Geojit ....I recommend it to everyone.
21. P Tripathy   I Like It. |Report Abuse|  Link|Oct 17, 2021 3:39:03 PMReply
Hi, Thanks to the efforts of Chttorgarh. Figures and other information provided here should have been updated intermittently.
I have been using Ventura Pointer since long. Their service is good, but the Desktop Trading platform is not updated for long. Hangs out during pick hours/ increasing number of trade executed in exchange. Some time chart is not refreshed and shows wrong price. Can anybody please suggest the most user-friendly Desktop Platform for Intraday with low internet bandwidth. Internet speed is also a major set back in my locality.
Thanks in advance.
20. Bailochan Marndi   I Like It. |Report Abuse|  Link|Sep 2, 2021 12:11:30 PMReply
Angel One is one of the best stock broker in India.
20.1. Dr. Mandhir K Verma   I Like It. |Report Abuse|  Link|Oct 13, 2021 3:17:17 PM
Dear After every 4-5 days the site got hanged or display uneven between portfolio and orders etc.
19. Gilson DCruz   I Like It. |Report Abuse|  Link|Oct 8, 2021 2:40:18 PMReply
we are a group of 7 traders using SBI, ICICI, Zerodha, 5Paisa, Reliance & Sasonline. among these Sasonline is the best when it comes to customer service and 5 paisa is the worst. Furthermore 5paisa website is just pathetic, even if we logout and re-login the stocks on hold pricing does not get updated. Previous days closing price is displayed throughout the day. We got trapped into 5paisa since it is a listed discount brokerage company.
18. Bailochan Marndi   I Like It. |Report Abuse|  Link|Sep 2, 2021 12:17:02 PMReply
Angel One is one of the best Tradding company in India.
18.1. Shafeekh   I Like It. |Report Abuse|  Link|Oct 6, 2021 7:29:57 PM
Angel one is Not Good It Take 20 for buying 20 for selling Additional 18 Charge for intraday
17. Shine   I Like It. |Report Abuse|  Link|Sep 27, 2021 11:12:49 AMReply
Total number of dmat account in India is about 6 crores. I think your list is wrong. Pls explain
16. Suleman   I Like It. |Report Abuse|  Link|Sep 24, 2021 10:43:45 PMReply
IIFL guys looks lazy now a days.
They were not able to change Corporation Bank name to Union Bank of India since 2 month. So many follow up calls, email and reminders doesn't taken care. Can any one advice the best service broker in Mangalore, Karnataka.
15. Clearsky   I Like It. |Report Abuse|  Link|Aug 13, 2021 12:39:11 PMReply
Now that Zerodha has stopped Pi, the desktop trading platform.
Anybody has any suggestions on the best alternative broker who also provides desktop trading platform?
I don't like using Kite, it is good only for monitoring on mobile on the go and if one needs to buy or sell on the mobile.
15.1. Krishna   I Like It. |Report Abuse|  Link|Aug 18, 2021 7:34:40 PM
U can try Sharekhan, i have been using Sharekhan for 6 years
15.2. Amardeep Ambekar   I Like It. |Report Abuse|  Link|Sep 23, 2021 12:49:07 AM
You can try Kotak Securities's Trade Smart Terminal. It's an website but its Dashboard
look & feel like an desktop trading platform. Or Kotak Securities also provide "Keat Pro" desktop trading platform.
14. Divakaran K A   I Like It. |Report Abuse|  Link|Aug 28, 2021 8:58:40 AMReply
Any one of top ten brokers registered with sebi /nse/bse can be chosen for trading/investment. My favourite broker since 2004 has been India Infoline. Reasonably satisfied. Have had association with ICICI Securities, Geojit, Motilal Oswal etc. Thanks.
13. pranay mahajan   I Like It. |Report Abuse|  Link|Jul 17, 2021 5:34:46 AMReply
with with broker we can buy banknifty 1000points away call or put?
13.1. Krishna   I Like It. |Report Abuse|  Link|Aug 18, 2021 7:36:25 PM
Very funny
12. SriRaj   I Like It. |Report Abuse|  Link|Jul 2, 2021 8:46:34 PMReply
which Broker Provides BracketOrder Facility.
I came to know that Zerodha & Groww is NOT PROVIDING .
Please confirm.
12.3. Agam   I Like It. |Report Abuse|  Link|Aug 4, 2021 11:54:56 AM
Sharekhan
12.4. Krishna   I Like It. |Report Abuse|  Link|Aug 18, 2021 7:35:33 PM
Sharekhan
11. vivek   I Like It. |Report Abuse|  Link|Jul 8, 2021 12:28:34 AMReply
Anybody knows about Fyers broker ? I heard fyers web terminal app is very good especially it charting is very good, we can place order & keep the track through charts.
11.1. Sandip Chougale   I Like It. 1|Report Abuse|  Link|Aug 11, 2021 1:11:10 PM
It was good in past. But last many months Price & order freeze issue. They r completly avoiding customer issues. Only focusing new customers. Not attending any issues. Pathetic support
10. Sumit vadnere   I Like It. |Report Abuse|  Link|Jun 15, 2021 11:27:37 PMReply
I have my account in zerodha but now a days i have heard bad news about zerodha and upstox
is this right?
9. Dr Hemant   I Like It. |Report Abuse|  Link|Feb 15, 2021 9:51:40 AMReply
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.
9.1. D paul   I Like It. |Report Abuse|  Link|Jul 20, 2021 3:48:45 PM
I m interested plz txt me
8. rigchok   I Like It. |Report Abuse|  Link|Jul 7, 2021 8:54:15 PMReply
hey guys.i am new in this field.can you recommend me some good stock broker.
7. Yadnesh Salvi   I Like It. |Report Abuse|  Link|Jun 28, 2021 9:58:04 PMReply
How about InteractiveTraders are they good for Indian markets also? Heard they are good for the US markets.
6. Harpreet   I Like It. |Report Abuse|  Link|Mar 1, 2021 11:16:47 PMReply
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.
6.1. Krishna   I Like It. |Report Abuse|  Link|May 26, 2021 3:04:46 AM
Put case in consumer court... I also facing problem in groww I am going to put case
6.2. DEVARAJ   I Like It. |Report Abuse|  Link|Jun 24, 2021 5:44:48 PM
I fixed my target price when the target price has come groww don"t sell my shares so that day i lost 1320rs in tintraday
5. Rohit Joshi   I Like It. |Report Abuse|  Link|Jun 6, 2021 5:48:54 PMReply
Thanks, for sharing this useful article, I appreciate you for this informative article, it's very helpful for beginners.      
4. pran jadhav   I Like It. |Report Abuse|  Link|May 22, 2021 11:11:00 AMReply
IIFL Securities is one of India's premier and independent full-service brokers. The company is a retail and institutional broking house along with being a leading investment advisory firm. It provides diversified investment products to retail investors, corporates, institutional investors, foreign portfolio investors, etc. It has served over 2.4 million customers to date and over 2000 branches all over the country. You can get intelligent stock recommendations and tips apart from investment assistance. Currently, you can open a free Demat account with IIFL securities and there are no account maintenance charges for the first year. These services truly make IIFL Securities the best share broker.
3. Tejas Trivedi   I Like It. |Report Abuse|  Link|Mar 17, 2021 11:19:16 AMReply
What about NJ India?

Is that good?
3.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|May 12, 2021 1:14:23 PM
Sorry, we have not reviewed NJ India yet. They have around 50,000 customers and don't rank amount the top 20 brokers.
2. Shivam Gola   I Like It. |Report Abuse|  Link|Mar 19, 2021 1:48:56 PMReply
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.
1. Raju Patil   I Like It. |Report Abuse|  Link|Feb 6, 2021 7:43:33 PMReply
Zerodha is Very Good...