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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
1Zerodha7,223,525
2Upstox2,501,173
3SMC Global177,541
4Sharekhan665,129
5SBICAP Securities855,994
6Paytm Money814,342
7Motilal Oswal874,230
8Market Wolf201,948
9Kotak Securities1,179,674
10IIFL437,829
11ICICI Direct1,869,925
12HDFC Securities1,088,561
13Groww9,185,024
14Geojit BNP Paribas243,444
15Fyers219,169
16Edelweiss218,206
17Choice Broking194,350
18Axis Direct357,390
19Angel One5,983,067
205paisa544,270

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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