Top 20 Share Brokers in India 2022

Top Share Brokers in India 2022 (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2022 by the number of the active clients in 2022. 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 2022 below:

Top 20 Share Brokers in India 2022

Rank Broker Active Clients Request Callback Review Compare
ProStocks - Open Online Account ProStocks Review
1Zerodha6,590,699Open Account Zerodha Review
2Groww5,165,760Groww Review
3Angel One4,244,617Open Account Angel One Review
4Upstox3,864,087Open Account Upstox Review
5ICICIdirect2,686,765Open Account ICICIdirect Review
6HDFC Securities1,126,177HDFC Securities Review
75paisa1,075,717Open Account 5paisa Review
8Kotak Securities1,056,932Open Account Kotak Securities Review
9Motilal Oswal900,242Motilal Oswal Review
10Sharekhan749,880Open Account Sharekhan Review
11IIFL Securities719,141Open Account IIFL Securities Review
12Paytm Money630,257Open Account Paytm Money Review
13SBI Securities602,289SBI Securities Review
14AxisDirect389,282AxisDirect Review
15Choice Broking263,576Choice Broking Review
16Geojit235,090Geojit Review
17Nuvama (Edelweiss)218,206Open Account Nuvama (Edelweiss) Review
18Fyers162,734Open Account Fyers Review
19SMC Global158,580SMC Global Review
20Religare144,310Religare 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.


17. Joseph Mathew   I Like It. |Report Abuse|  Link|Nov 5, 2022 7:58:52 PMReply
Beware of Kotak securities. I stopped trading with them 5 years back. With 0 (nil) account. After one year they started sending me email and SMS claiming that I owe them 1000 rupees. Next year they revised it as 2000 rupees and now claims 4000 rupees. I had tried several times to stop this non sense as I had no pending amount when I stopped as it was online trading. But their support team failed to get me out as they say the scheme in which I was a member no more exits.
17.1. Rasc   I Like It. |Report Abuse|  Link|Jan 24, 2023 5:27:39 PM
Yes similar experience
Their platform NEoStock goes down time to time depending on your position in market and trades.
Heavy losses.
16. manonmani   I Like It. |Report Abuse|  Link|Jul 24, 2022 9:24:13 PMReply
Be alert with icici direct. There is no safety and security for MTF trading and they will square off anytime and u will loose your money. Not advisable to trade in icici direct. Due to pan and aadhar not linked they squared off all the positions. Afterthat there is no response from icici from Advisior and RM
15. Vikki Patel   I Like It. |Report Abuse|  Link|Dec 12, 2022 3:57:36 PMReply
Sir can you please tell about Wisdom capital is this good for trading or investing i have lot's of question about Wisdom Capital
14. Deepak   I Like It. |Report Abuse|  Link|Oct 19, 2022 4:13:32 PMReply
Best is Paytm Money. It gives very good technical details... Groww is also good but it shows wrong info about todays high and todays low when price is near to todays low and todays high.....
13. sudhir kumar   I Like It. |Report Abuse|  Link|Nov 29, 2022 10:16:11 AMReply
Anand Rathi is also best in Full-service brokers in stock trading, specially in research and advisory.
12. online trading   I Like It. |Report Abuse|  Link|Oct 13, 2022 11:25:25 AMReply
thankyou for giving such useful information.
online trading
11. Atul Goel   I Like It. |Report Abuse|  Link|Aug 18, 2022 3:09:07 AMReply
The best brokerege house is Sharekhan. It provides good and authentic research reports. It's app is very easy to understand. Online videos are very good.
10. Ashok Prakash Ahire   I Like It. |Report Abuse|  Link|Jan 14, 2022 5:18:56 PMReply
I love to using zerodha kite & I recommend to everyone...
9. Shekhar Mahadeo Shingade   I Like It. |Report Abuse|  Link|Mar 5, 2022 8:21:15 AMReply
I use Alice Blue & its very good broker ..i m happy with AB....
9.1. Samiulla   I Like It. |Report Abuse|  Link|Mar 20, 2022 4:28:58 PM
9.2. Ashish   I Like It. |Report Abuse|  Link|Apr 28, 2022 7:57:35 PM
I want to use groww app. Plg guide me
8. Praveen Raj   I Like It. |Report Abuse|  Link|Oct 10, 2022 9:42:37 PMReply
how is first stock broker? is it safe?
7. Nitin   I Like It. |Report Abuse|  Link|Sep 18, 2022 9:43:36 PMReply
IIFL is also impressive app
6. Ramniwas   I Like It. |Report Abuse|  Link|Feb 21, 2022 1:38:24 AMReply
I use angel one is very appropriate and improved I feel very good
6.1. vishal   I Like It. |Report Abuse|  Link|Aug 31, 2022 3:32:54 PM
minimum brokerage 35/- is removed or it is available?
5. Sunil   I Like It. |Report Abuse|  Link|Aug 1, 2022 2:38:04 AMReply
Zerodha is best , tried angel one, groww, 5paisa but unsatisfied

The best feature of zerodha is various reports , like tax pnl which is very detailed

Angel one has pathetic tax pnl snd while filling return have to manually enter values
4. Subrata Nath   I Like It. |Report Abuse|  Link|Aug 26, 2022 9:08:05 AMReply
Avoid Kotak Securities, as they may deduct any random amount in the name of technical glitch or new brokerage scheme (scam?). You will never able to decode the financial reports.
3. Gaurav kinariwale   I Like It. |Report Abuse|  Link|Aug 3, 2022 5:01:09 PMReply
Use Edelweiss as trading platform, great experience over 5 years full service broker and good technical charting available.
2. Kalu   I Like It. |Report Abuse|  Link|Feb 28, 2022 3:41:27 PMReply
Good Information. keep growing
1. Belraj   I Like It. |Report Abuse|  Link|Feb 2, 2022 5:48:12 PMReply
Iam suing Angelone.Iam fully satisfied with this .
I have upstox and Zerodha but rarely used.
I recommend this to everyone.
1.1. Ramniwas   I Like It. |Report Abuse|  Link|Feb 21, 2022 1:41:15 AM
Sir I am use only angel one
1.2. Jay   I Like It. |Report Abuse|  Link|Feb 28, 2022 7:37:15 PM
I also use angel one but I am unable to find the commodities trade option. Can you help me with this?