Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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A real list of top stock brokers in India 2025 by number of active clients in 2025. 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 2025
| << Year 2024 | 2025 |
|---|
| Rank | Broker | Active Clients | Request Callback | Review | Compare |
|---|---|---|---|---|---|
| ProStocks | - | Open Online Account |  |
||
| 1 | Groww | 9,931,232 | | ||
| 2 | Zerodha | 7,392,836 | Open Account  | | |
| 3 | Angel One | 6,302,598 | Open Account | | |
| 4 | Upstox | 2,555,618 | Open Account | | |
| 5 | ICICIdirect | 1,862,161 | Open Account | | |
| 6 | Kotak Securities | 1,248,531 | Open Account | | |
| 7 | HDFC Securities | 1,114,215 | | ||
| 8 | Motilal Oswal | 893,218 | Open Account | | |
| 9 | SBI Securities | 891,155 | | ||
| 10 | Paytm Money | 797,157 | Open Account | | |
| 11 | Sharekhan | 671,884 | | ||
| 12 | 5paisa | 550,689 | Open Account | | |
| 13 | Dhan | 512,564 | | ||
| 14 | IIFL Securities | 444,044 | Open Account | | |
| 15 | AxisDirect | 371,589 | | ||
| 16 | Geojit | 246,824 | | ||
| 17 | Fyers | 231,738 | Open Account | | |
| 18 | Choice Broking | 197,727 | | ||
| 19 | SMC Global | 182,535 | | ||
| 20 | Alice Blue | 165,397 | Open Account | |
| << Year 2024 | 2025 |
|---|
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-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:
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