Top 5 share brokers in India


Top 5 share brokers 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.

Top 5 share brokers in 2021

Rank Broker Active Clients Demat AMC Brokerage Request Callback Review
1 Zerodha 4150372 300 0.03% or ₹20 per executed order whichever is low Open Account Review
2 Upstox 1633678 300 Rs 20 per executed order or 0.05% whichever is low Open Account Review
3 ICICI Direct 1278987 700 ₹ 20 / Executed Order Open Account Review
4 Angel Broking 1231392 450 ₹ 20 / Executed Order Or 0.25% (Whichever Is Lower Open Account Review
5 HDFC securities 735411 750 ₹ 20 / Executed Order Or 0.01% (Whichever Is Lower Open Account Review