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Top 20 Best Stockbrokers in India

Top 20 Best Stockbrokers in India

Any transaction in the share market, be it buy or sell, requires a broker’s intervention who works as an agent between market and market participants. Security and Exchange Board of India popularly known as SEBI is the agency that regulates Stockbrokers and they need to register themselves with SEBI. There are a lot of Share brokers who have a Pan India Presence and they offer a varied range of plans and products to place them in the top 10 stock brokers in India.

These brokers are broadly divided into 2 segments, One "Full-Service brokers or Traditional Brokers" and the second one is "Discount brokers".

Full-Service Brokers: Traditional “full-service” brokers do more than just facilitate the buying and selling of a stock or bond. These brokers tend to offer a wide array of services and products, including financial and retirement planning, advisory and trading facilities in stocks, commodities, and currencies, investing and tax advice, and regular portfolio updates. Full-service brokers generally have a lot of offices and branches across the country, where clients can visit in case of any help required.

Discount Brokers: These brokers came into existence as a result of an increased preference for the Internet. A discount or online brokerage could be a better choice for Investors who are fee-conscious and prefers to go it alone without expert advice. These brokerages will generally not offer investment advice. With a discount brokerage, you can either execute a trade online automatically through a computerized trading system or call in your order with a broker over the phone— although the latter option will likely cost you more.

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Top Stockbrokers in India 2022, Top 20 Share Brokers in India

Rank Top 20 Best Share Brokers Active Clients Equity Delivery Brokerage A/c Op. Charges
1 Zerodha 6513036 Free Rs.200 for Online and Rs 400 for Offline accounts Opening
2 Upstox (RKSV) 5596268 ₹20/trade or 0.05% whichever is lower ₹150 + GST
3 Groww 4268383 ₹20/trade or 0.05% whichever is lower Free
4 Angel-One 3926697 Free Free
5 ICICI Direct 3135167 0.55% Free
6 5PAISA 1727458 Flat Rs.20 per executed order Free
7 Kotak Securities 1290410 0.25% or Rs 20 whichever is higher Free
8 HDFC SECURITIES 1156837 0.5% ₹999 + GST
9 IIFL 1139902 Flat Rs.20 per executed order Rs.250 + GST
10 MOTILAL OSWAL 915264 0.5% Free
11 SHAREKHAN 757371 0.5% Free
12 SBI Securities 643626 0.5% Rs.850
13 PAYTM MONEY 467814 Free Rs.200
14 AXIS Direct 417958 0.5% Rs.900
15 Market Wolf 299954 ₹0 brokerage if loss | 10% of the GP on profitable trade Free
16 Choice Broking 268212 0.2% Free
17 GEOJIT FINANCIAL 236567 0.3% Rs.425
18 EDELWEISS 201574 Rs 10 per executed order Free
19 RELIGARE BROKING 167249 0.50% to 0.10% Rs. 500
20 SMC GLOBAL 162802 0.3% Free

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