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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
1Groww7,092,413
2Zerodha6,604,055
3Angel One5,098,124
4Upstox2,237,974
5ICICI Direct1,875,350
6Kotak Securities1,055,717
7HDFC Securities1,016,329
8Motilal Oswal807,786
9SBICAP Securities757,635
10Paytm Money740,285
11Sharekhan624,891
125paisa495,066
13IIFL413,244
14Axis Direct325,971
15Geojit BNP Paribas233,756
16Edelweiss218,206
17Fyers204,904
18Market Wolf201,948
19Choice Broking195,950
20SMC Global163,038

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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