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How many discount stock brokers are there in India? What are their rankings?

There are over three hundred stockbrokers in India registered with SEBI & various stock exchanges, out of which discount brokers would not be more than 30. National Stock Exchange (NSE) alone has 225 registered stockbrokers as of 30th August 2020.

Online Discount Broker Ranking: The best way to rank the stockbrokers is based on their active client’s base. Below is the list of Top 10 Discount brokers in India:

  1. ZERODHA
  2. Upstox
  3. 5PAISA
  4. SAMCO
  5. Master Trust
  6. Alice Blue
  7. TRADE SMART ONLINE
  8. FYERS
  9. SAS Online
  10. Tradeplus

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