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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 Broking 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 Broking 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
1Zerodha5,685,723
2Upstox4,551,755
3Angel Broking3,060,398
4Groww2,964,344
5ICICI Direct2,752,864
65paisa1,459,744
7Kotak Securities1,108,340
8HDFC Securities1,056,565
9IIFL889,367
10Motilal Oswal788,629
11Sharekhan764,651
12Axis Direct402,765
13Paytm Money318,897
14Market Wolf236,678
15Geojit BNP Paribas233,999
16Edelweiss183,089
17Religare Broking163,511
18SMC Global158,006
19Alice Blue147,637
20Marwadi Group126,179

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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