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Top 20 Share Brokers in India 2024

Top Share Brokers in India 2024 (Top 20 Stock Brokers)

A real list of top stock brokers in India 2024 by number of active clients in 2024. Groww is the top stock broker among all brokers in India. Groww is followed by Zerodha, Angel One, Upstox, and ICICIdirect.

There are 20 top stock brokers who have more than 1 lakh active clients. The list of top stock brokers in India, ranked by year, also provides information about the current number of active clients with the brokers. Here is the ranking of top online brokers 2024

Top 20 Share Brokers in India 2024

Rank Broker Active Clients Request Callback Review Compare
ProStocks - Open Online Account ProStocks Review
1Groww11,882,869Groww Review
2Zerodha7,884,365Open Account Zerodha Review
3Angel One7,132,861Open Account Angel One Review
4Upstox2,771,549Open Account Upstox Review
5ICICIdirect1,905,641ICICIdirect Review
6Kotak Securities1,382,036Open Account Kotak Securities Review
7HDFC Securities1,244,723HDFC Securities Review
8SBI Securities966,099SBI Securities Review
9Motilal Oswal958,025Open Account Motilal Oswal Review
10Dhan739,810Dhan Review
11Paytm Money735,825Open Account Paytm Money Review
12Sharekhan690,766Sharekhan Review
135paisa526,773Open Account 5paisa Review
14IIFL Securities454,611Open Account IIFL Securities Review
15AxisDirect404,885AxisDirect Review
16Geojit252,344Geojit Review
17Fyers240,489Open Account Fyers Review
18Choice Broking222,280Choice Broking Review
19SMC Global188,959SMC Global Review
20Alice Blue161,168Open Account Alice Blue Review

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
  2. Discount Stock 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.

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.

4 Comments

4. Rajiv Das   I Like It. |Report Abuse|  Link|September 22, 2024 4:22:34 PMReply
Which broker is good for IPO I don't know but I'm applied from two broker but the result is 1 in 50 applications I think there were some people manipulate something and don't provide the public by the right way, they took the butter and threw the scrap for the public.
3. '   I Like It. |Report Abuse|  Link|August 7, 2024 10:20:20 PMReply
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2. testing   I Like It. |Report Abuse|  Link|April 30, 2024 7:37:48 PMReply
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1. अशोक गुप्ता   I Like It. |Report Abuse|  Link|January 16, 2024 10:22:56 PMReply
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1.1. Rahul Rungta   I Like It. |Report Abuse|  Link|March 9, 2024 7:56:00 PM
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