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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
1Groww10,922,660Groww Review
2Zerodha7,662,920Open Account Zerodha Review
3Angel One6,708,617Open Account Angel One Review
4Upstox2,662,327Open Account Upstox Review
5ICICIdirect1,889,905Open Account ICICIdirect Review
6Kotak Securities1,309,678Open Account Kotak Securities Review
7HDFC Securities1,152,697HDFC Securities Review
8SBI Securities920,840SBI Securities Review
9Motilal Oswal918,792Open Account Motilal Oswal Review
10Paytm Money771,574Open Account Paytm Money Review
11Sharekhan678,860Sharekhan Review
12Dhan618,874Dhan Review
135paisa542,458Open Account 5paisa Review
14IIFL Securities449,829Open Account IIFL Securities Review
15AxisDirect387,520AxisDirect Review
16Geojit250,553Geojit Review
17Fyers241,022Open Account Fyers Review
18Choice Broking205,561Choice Broking Review
19SMC Global186,023SMC Global Review
20Alice Blue166,200Open 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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1.1. Rahul Rungta   I Like It. |Report Abuse|  Link|March 9, 2024 7:56:00 PM
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