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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
1Groww9,931,232Groww Review
2Zerodha7,392,836Open Account Zerodha Review
3Angel One6,302,598Open Account Angel One Review
4Upstox2,555,618Open Account Upstox Review
5ICICIdirect1,862,161Open Account ICICIdirect Review
6Kotak Securities1,248,531Open Account Kotak Securities Review
7HDFC Securities1,114,215HDFC Securities Review
8Motilal Oswal893,218Open Account Motilal Oswal Review
9SBI Securities891,155SBI Securities Review
10Paytm Money797,157Open Account Paytm Money Review
11Sharekhan671,884Sharekhan Review
125paisa550,689Open Account 5paisa Review
13Dhan512,564Dhan Review
14IIFL Securities444,044Open Account IIFL Securities Review
15AxisDirect371,589AxisDirect Review
16Geojit246,824Geojit Review
17Fyers231,738Open Account Fyers Review
18Choice Broking197,727Choice Broking Review
19SMC Global182,535SMC Global Review
20Alice Blue165,397Open 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.

2 Comments

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