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Top 5 discount broker in India


Top 5 discount 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 5 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 5 discount broker in 2024

Rank Broker Active Clients Demat AMC Brokerage Request Callback Review
1 Zerodha 6609384 ₹300/Year EQ Delivery- Free, FNO-₹20/ Order or 0.03% Open Account Review
2 Angel One 4111606 ₹240 (2nd Year Onwards) EQ Delivery- Free, FNO-₹20/ Order or 0.25% Open Account Review
3 Upstox 4980139 ₹0 (Free) EQ Delivery, FNO:- ₹20/ Order or 2.5% Open Account Review
4 Alice Blue 142358 ₹0 (Free) EQ Delivery- Free, FNO:- ₹20/ Order or 0.05% Open Account Review
5 5Paisa 1506966 ₹300/- EQ Delivery- ₹20/ Order, FNO-₹20/ Order Open Account Review