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Top 20 full service broker in India


Top 20 full service broker in India

Here is the valid list of top sharebrokers in India 2020. It is analysed by the number of the active clients in 2020. Zerodha is on the top as it is the best stock broker as compared to other brokers in India since 2019. This stock broker is followed by ICICI Bank, HDFC Bank and Sharekhan. There is a list of 20 stock brokers that has more than 1 lakh of active customers. Here is the year wise list of top stock brokers in India. It provides the detail about the latest number of active clients with the stock broker.

Share Brokers are the authorized members of the stock exchange i.e. BSE and NSE. Their work is to execute trades on behalf of the trader at the exchange. There more than 100 Stock brokers in India that are providing stock trading facilities to the retail customers. The stock brokers in India are categorised in two types that are:

  • Full-Service Brokers.
  • Discount Stock Brokers..

The Full-Service brokers provides a broad range of services to the customers. The services include stock trading, research and advisory and customer support to the customers.

The Discount Stock brokers are the online brokers that have gained specialization specifically in the Stock and Commodity trading services. Such brokers do not avail their customers with additional facilities such as Research and Advisory, PMS, wealth Management and the branch support.

The Most popular stock brokers that belong to the full-service category are ICICI Direct, Sharekhan, HDFC Securities, Angel Broking and Axis Bank.

Zerodha , 5paisa and Upstox come among the most famous discount stock brokers in India.

Points to Remember:
  • The data for this report is collected and compiled by the nation stock exchanges i.e. BSE and NSE.
  • The data and information for the best broker ranking is updated each month.
The stock brokers in India are categorised in two types that are:
Discount Broker Top 20 Discount Broker Top 10 Discount Broker Top 5 Discount Broker
Full Service broker Top 20 Full Service broker Top 10 Full Service broker Top 5 Full Service broker

Top 20 full service broker in 2023

Rank Broker Active Clients Demat AMC Brokerage Request Callback Review
1 IIFL Securities 1124976 ₹0 (Free) ₹20/ Order Open Account Review
2 Angel Broking 4111606 ₹240 (2nd Year Onwards) EQ Delivery- Free, FNO-₹20/ Order or 0.25% Open Account Review
3 Motilal Oswal 906828 Free (₹400 from 2nd year) EQ Delivery-0.20%, FNO:- ₹20/Lot, Commodity Option Call Back Review
4 Sharekhan 771090 ₹400 (from 2nd year) EQ Delivery-₹0(Free), FNO:- ₹20/ Order or 0.03% Open Account Review
5 Aditya Birla 67950 ₹436/- EQ Delivery- 0.30%, EQ Intraday- 0.03% FNO- ₹50/Lo Call Back Review
6 Goodwill Commodities 33526 ₹300/- ( from 2nd year) EQ Delivery-₹0(Free) FNO- ₹11/ Order Open Account Review
7 Kotak Securities 1179053 ₹500/- Yearly Trade Free Youth:-₹0/- | Trade Free Plan:-Intraday Open Account Review
8 HDFC securities 1176526 Preferred:- ₹300/- | Classic:- ₹250/- | Prime:- ₹7 EQ Delivery- 0.50%,EQ Intrday-0.05% FNO-₹100/Lot,C Call Back Review
9 Edelweiss 213010 Lite:- ₹300 + tax | Elite:- ₹500 + tax ( 2nd year EQ Delivery- Lite:- ₹10/Order | Elite:- 0.300%EQ I Call Back Review
10 Axis Direct 402877 ₹650/- EQ Delivery- Fixed Plan:- 0.5% | Investment Plus:- Call Back Review
11 Reliance Securities 95668 ₹2500/- life time free EQ Delivery-R- Online Insta Account Plan:- 0.25% | Call Back Review
12 Marwadi Shares 123596 ₹450/ Year one-time payment of ₹2500 ₹20/ Order Call Back Review
13 Choice Broking 270195 ₹200 EQ Delivery- 0.2%,EQ Intrday-0.02% FNO-₹20/Order, Call Back Review
14 Samco 73324 ₹400(2nd year onwards) EQ Delivery- ₹20/ Order, FNO-₹20/ Order or r 0.2% Open Account Review
15 Trade Smart 41985 ₹300 ( 2nd Year onwards) EQ Delivery-0.07% or ₹15/ Order, EQ Future- 0.007% Call Back Review
16 Master Trust 54213 ₹300 EQ Delivery-₹0(Free) or 0.30% ,EQ Intrday-₹20/Orde Call Back Review
17 Wisdom Capital 5200 ₹0 (Free) EQ Delivery- ₹9/ Trade FNO-₹9/ Trade Call Back Review
18 Achiievers 4288171 ₹400 + GST ( 2nd year onwards) Mega Value Plan:- ₹1/Order (₹750/Month)|Per Day Pl Call Back Review
19 ICICI Direct 3124775 ₹300/Year + GST EQ Delivery- ₹0 EQ Fno- ₹20/ Order Call Back Review
20 Marwadi Shares 123596 ₹450/ Year one-time payment of ₹2500 ₹20/ Order Call Back Review