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Top 20 Share Brokers in India 2021

Top Share Brokers in India [[yyyy]] (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 ICICI Bank, HDFC Bank and Sharekhan.

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 Clients Request Callback Review
1Zerodha3,602,074
2Upstox2,141,095
3ICICI Direct1,580,233
4Angel Broking1,564,667
5HDFC Securities957,085
65paisa870,405
7Groww780,570
8Kotak Securities743,206
9Sharekhan679,333
10Motilal Oswal564,034
11Axis Direct454,882
12SBICAP Securities329,099
13IIFL291,730
14Geojit BNP Paribas201,206
15Edelweiss157,254
16SMC Global135,863
17Religare Broking132,939
18Alice Blue125,223
19Nirmal Bang123,213
20Reliance Securities117,307

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 (Top 10 Full-service Brokers)
  2. Discount Stock Brokers (Top 10 Discount 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 Broking 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.

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