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Top 20 Share Brokers | Top 10 Full-Service Brokers | Top 10 Discount Stock Brokers

Top 20 Share Brokers in India 2023

Top Share Brokers in India 2023 (Top 20 Stock Brokers)

A real list of top stock brokers in India 2023 by number of active clients in 2023. Groww is the top stock broker among all brokers in India. Groww is followed by Zerodha, Angel One, Upstox, and ICICIdirect.

There are 20 top stock brokers who have more than 1 lakh active clients. The list of top stock brokers in India, ranked by year, also provides information about the current number of active clients with the brokers. Here is the ranking of top online brokers 2023

<< Year 20222023Year 2024 > >

Top 20 Share Brokers in India 2023

Rank Broker Active Clients Request Callback Review Compare
ProStocks - Open Online Account ProStocks Review
1Groww9,185,024Groww Review
2Zerodha7,223,525Open Account Zerodha Review
3Angel One5,983,067Open Account Angel One Review
4Upstox2,401,555Open Account Upstox Review
5ICICIdirect1,869,925Open Account ICICIdirect Review
6Kotak Securities1,179,674Open Account Kotak Securities Review
7HDFC Securities1,088,561HDFC Securities Review
8Motilal Oswal874,230Open Account Motilal Oswal Review
9SBI Securities855,994SBI Securities Review
10Paytm Money814,342Open Account Paytm Money Review
11Sharekhan665,129Sharekhan Review
125paisa544,270Open Account 5paisa Review
13IIFL Securities437,829Open Account IIFL Securities Review
14Dhan434,798Dhan Review
15AxisDirect357,390AxisDirect Review
16Geojit243,444Geojit Review
17Fyers219,169Open Account Fyers Review
18Choice Broking194,350Choice Broking Review
19SMC Global177,541SMC Global Review
20Alice Blue163,460Open Account Alice Blue Review
<< Year 20222023Year 2024 > >

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.

7 Comments

7. AskYourRight   I Like It. |Report Abuse|  Link|December 31, 2023 10:41:14 AMReply
Which is Best broker for Minor accounts considering following parameters:

1) Complete online process (no offline/ courier required)
2) Offering both Minor demat and Trading accounts
3) Instantaneous account opening?? Atleast Demat

I beleive this is possible if we have aadhar eSign/ authentication of both Minor and Gaurdian

Requesting experts to advise
6. Anup   I Like It. |Report Abuse|  Link|November 28, 2023 4:40:38 PMReply
Intraday, and Option Trading k liye Daily Guide provide karnewala koi trusted hai to please Contact Me (Double eight double one zero five zero two seven six)
6.1. Prt Talks   I Like It. 1|Report Abuse|  Link|December 1, 2023 7:27:47 AM
Intraday ya option trading mat karo, kyuki isame kabhi na kabhi dubana hi hota hai,
5. Shekhar Kumar   I Like It. |Report Abuse|  Link|October 25, 2023 7:20:36 PMReply
Don't use Sharekhan. Executing stop loss orders without price even reaching to SL level. Customer service useless and can't help.
4. Sharmin Sayyed   I Like It. |Report Abuse|  Link|October 6, 2023 6:11:38 PMReply
Looking for the best brokerage firm in India? This blog post lists the top 20 share brokers in India, based on various factors such as fees, trading platform, and customer service.

https://www.valuebroking.com/
3. pravin kale   I Like It. |Report Abuse|  Link|July 3, 2023 3:17:12 PMReply
Hey guys who is best intraday broker who give a good margin (10x or max ) and all BSE &NSE listed stock can we do the intraday trading?
3.1. PRATIK KALE   I Like It. |Report Abuse|  Link|August 9, 2023 12:07:35 AM
new shear parcesh my help for you sir and gayidans for holding shear and opshion chain
3.2. Rajesh Satkar   I Like It. |Report Abuse|  Link|September 18, 2023 2:16:47 PM
Why should if start with algo trading it is all possible.
2. Elena   I Like It. |Report Abuse|  Link|July 18, 2023 11:12:40 PMReply
terrible platform, took my money, I tried to withdraw .sent email saying I have to pay for tax which I did, the issue could not be solved, kept requesting for more commission , bad treatment . I had to look help from Expertapexrefund org he trashed out everything, recovering my asset, I got everything back and I was relief of the
1. S. Vics   I Like It. |Report Abuse|  Link|March 22, 2023 9:32:45 AMReply
Any idea ,which brokerage offers LIFO sale or selective lot irrespective of when it was purchased?
I see whichever i checked offer only FIFO sale for stocks.

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special_offers
By Popular Stock Brokers
Zerodha Review   Zerodha

Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O

Open Instant Account

Angel Broking Review   AngelOne

Free Equity Delivery
Flat ₹20 Per Trade in F&O

Open FREE Demat Account

Motilal Oswal

30 days brokerage free trading
Free - Personal Trading Advisor

Open Account

Kotak Securities Review  Kotak Securities
    (Trade Free Plan)

FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O

Open Online Demat Account

Upstox Review   Upstox

FREE Account Opening
Flat ₹20 Per Trade

Enquire Now

ProStocks Review  ProStocks

Unlimited @ ₹899/month
Rs 0 Demat AMC

Open FREE Account

Fyers Review   Fyers

Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O

Open Instant Account

Paytm Money Review  Paytm Money
Paytm Money QR Code

Pay ₹0 brokerage for first 10 days

Flat ₹20 Per Trade

Open Instant Account Now!

Open an Instant Account with Zerodha