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Top 20 Share Brokers in India 2024

Top Share Brokers in India [[yyyy]] (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2024 by the number of the active clients in 2024. 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 2024 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 2024

Rank Broker Clients Request Callback Review
1Groww9,185,024
2Zerodha7,223,525
3Angel One5,983,067
4Upstox2,501,173
5ICICI Direct1,869,925
6Kotak Securities1,179,674
7HDFC Securities1,088,561
8Motilal Oswal874,230
9SBICAP Securities855,994
10Paytm Money814,342
11Sharekhan665,129
125paisa544,270
13IIFL437,829
14Axis Direct357,390
15Geojit BNP Paribas243,444
16Fyers219,169
17Edelweiss218,206
18Market Wolf201,948
19Choice Broking194,350
20SMC Global177,541

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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