Top 20 Share Brokers in India 2023
![Top Share Brokers in India [[yyyy]] (Top 20 Stock Brokers)](https://comparesharebrokers.com/report_images/1599193716.jpg)
A genuine list of top share brokers in India 2023 by the number of the active clients in 2023. 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 2023 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:
- Full-services brokers (Top 10 Full-service Brokers)
- 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.
| << 2022 | 2023 |
|---|
Top 20 Share Brokers in India 2023
| Rank | Broker | Clients | Request Callback | Review |
|---|---|---|---|---|
| 1 | Zerodha | 6,604,055 |  | |
| 2 | Groww | 5,062,064 | | |
| 3 | Angel One | 4,232,924 | | |
| 4 | Upstox | 4,158,649 | | |
| 5 | ICICI Direct | 2,798,455 | | |
| 6 | 5paisa | 1,225,034 | | |
| 7 | HDFC Securities | 1,146,962 | | |
| 8 | Kotak Securities | 1,088,641 | | |
| 9 | Motilal Oswal | 905,314 | | |
| 10 | IIFL | 796,313 | | |
| 11 | Sharekhan | 761,841 | | |
| 12 | SBICAP Securities | 635,406 | | |
| 13 | Paytm Money | 615,776 | | |
| 14 | Axis Direct | 389,349 | | |
| 15 | Choice Broking | 270,121 | | |
| 16 | Geojit BNP Paribas | 232,971 | | |
| 17 | Edelweiss | 218,206 | | |
| 18 | Market Wolf | 201,948 | | |
| 19 | Fyers | 160,840 | | |
| 20 | SMC Global | 158,109 | |
| << 2022 | 2023 |
|---|
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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