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Top 20 Share Brokers in India 2022

Top Share Brokers in India [[yyyy]] (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 and ICICI Direct.

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:

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 One and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.

Top 20 Share Brokers in India 2022

Rank Broker Clients Request Callback Review
1Zerodha6,513,036
2Upstox5,596,268
3Groww4,268,383
4Angel One3,926,697
5ICICI Direct3,135,167
65paisa1,727,458
7Kotak Securities1,290,410
8HDFC Securities1,156,837
9IIFL1,139,902
10Motilal Oswal915,264
11Sharekhan757,371
12Paytm Money467,814
13Axis Direct417,958
14Market Wolf299,954
15Choice Broking268,212
16Geojit BNP Paribas236,567
17Edelweiss201,574
18Religare Broking167,249
19SMC Global162,802
20Alice Blue147,195

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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