Top 20 Share Brokers | Top 10 Full-Service Brokers | Top 10 Discount Stock Brokers
A genuine list of top share brokers in India 2022 by the number of the active clients in 2022. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww.
There are 20 top stock brokers who have over 1 lakhs of active customers. The year wise list of top stock brokers in India also provides detail about the latest number of active clients with the broker. Find the top online broker rankings 2022 below:
Top 20 Share Brokers in India 2022
Rank | Broker | Active Clients | Request Callback | Review | Compare |
---|---|---|---|---|---|
ProStocks | - | Open Online Account | ![]() | ||
1 | Zerodha | 6,392,902 | Open Account ![]() | ![]() | |
2 | Groww | 5,373,705 | ![]() | ||
3 | Angel One | 4,281,951 | Open Account ![]() | ![]() | |
4 | Upstox | 2,880,604 | Open Account ![]() | ![]() | |
5 | ICICIdirect | 2,333,088 | Open Account ![]() | ![]() | |
6 | HDFC Securities | 1,063,911 | ![]() | ||
7 | Kotak Securities | 923,785 | Open Account ![]() | ![]() | |
8 | Motilal Oswal | 805,125 | Open Account ![]() | ![]() | |
9 | Sharekhan | 694,334 | ![]() | ||
10 | 5paisa | 652,353 | Open Account ![]() | ![]() | |
11 | Paytm Money | 646,387 | Open Account ![]() | ![]() | |
12 | SBI Securities | 516,083 | ![]() | ||
13 | IIFL Securities | 480,984 | Open Account ![]() | ![]() | |
14 | AxisDirect | 333,638 | ![]() | ||
15 | Geojit | 235,600 | ![]() | ||
16 | Nuvama (Edelweiss) | 218,206 | Open Account ![]() | ![]() | |
17 | Choice Broking | 211,464 | ![]() | ||
18 | Fyers | 172,712 | Open Account ![]() | ![]() | |
19 | SMC Global | 153,078 | ![]() | ||
20 | Alice Blue | 142,016 | Open Account ![]() | ![]() |
Compare |
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Compare
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-services brokers
- 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.
17 Comments
17.sudhir kumar || Link|November 29, 2022 10:16:11 AMReply
Anand Rathi is also best in Full-service brokers in stock trading, specially in research and advisory.
17.1.Kundan Mewada || Link|October 9, 2023 6:03:36 PM
Kundan Mewada
16.Subrata Nath || Link|August 26, 2022 9:08:05 AMReply
Avoid Kotak Securities, as they may deduct any random amount in the name of technical glitch or new brokerage scheme (scam?). You will never able to decode the financial reports.
16.1.Binu || Link|May 5, 2023 5:57:29 AM
Delivery brokerage is very high
14.Joseph Mathew || Link|November 5, 2022 7:58:52 PMReply
Beware of Kotak securities. I stopped trading with them 5 years back. With 0 (nil) account. After one year they started sending me email and SMS claiming that I owe them 1000 rupees. Next year they revised it as 2000 rupees and now claims 4000 rupees. I had tried several times to stop this non sense as I had no pending amount when I stopped as it was online trading. But their support team failed to get me out as they say the scheme in which I was a member no more exits.
14.1.Rasc || Link|January 24, 2023 5:27:39 PM
Yes similar experience
Their platform NEoStock goes down time to time depending on your position in market and trades.
Heavy losses.
13.manonmani || Link|July 24, 2022 9:24:13 PMReply
Be alert with icici direct. There is no safety and security for MTF trading and they will square off anytime and u will loose your money. Not advisable to trade in icici direct. Due to pan and aadhar not linked they squared off all the positions. Afterthat there is no response from icici from Advisior and RM
12.Deepak || Link|October 19, 2022 4:13:32 PMReply
Best is Paytm Money. It gives very good technical details... Groww is also good but it shows wrong info about todays high and todays low when price is near to todays low and todays high.....
11.online trading || Link|October 13, 2022 11:25:25 AMReply
thankyou for giving such useful information.
online trading
10.Atul Goel || Link|August 18, 2022 3:09:07 AMReply
The best brokerege house is Sharekhan. It provides good and authentic research reports. It's app is very easy to understand. Online videos are very good.
9.Ashok Prakash Ahire || Link|January 14, 2022 5:18:56 PMReply
I love to using zerodha kite & I recommend to everyone...
8.Shekhar Mahadeo Shingade || Link|March 5, 2022 8:21:15 AMReply
I use Alice Blue & its very good broker ..i m happy with AB....
8.1.Samiulla || Link|March 20, 2022 4:28:58 PM
Trading
8.2.Ashish || Link|April 28, 2022 7:57:35 PM
I want to use groww app. Plg guide me
7.Praveen Raj || Link|October 10, 2022 9:42:37 PMReply
how is first stock broker? is it safe?
6.Nitin || Link|September 18, 2022 9:43:36 PMReply
IIFL is also impressive app
5.Ramniwas || Link|February 21, 2022 1:38:24 AMReply
I use angel one is very appropriate and improved I feel very good
5.1.vishal || Link|August 31, 2022 3:32:54 PM
minimum brokerage 35/- is removed or it is available?
4.Sunil || Link|August 1, 2022 2:38:04 AMReply
Zerodha is best , tried angel one, groww, 5paisa but unsatisfied
The best feature of zerodha is various reports , like tax pnl which is very detailed
Angel one has pathetic tax pnl snd while filling return have to manually enter values
3.Gaurav kinariwale || Link|August 3, 2022 5:01:09 PMReply
Use Edelweiss as trading platform, great experience over 5 years full service broker and good technical charting available.
2.Kalu || Link|February 28, 2022 3:41:27 PMReply
Good Information. keep growing
1.Belraj || Link|February 2, 2022 5:48:12 PMReply
Iam suing Angelone.Iam fully satisfied with this .
I have upstox and Zerodha but rarely used.
I recommend this to everyone.
1.1.Ramniwas || Link|February 21, 2022 1:41:15 AM
Sir I am use only angel one
1.2.Jay || Link|February 28, 2022 7:37:15 PM
I also use angel one but I am unable to find the commodities trade option. Can you help me with this?
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By Popular Stock Brokers
Kotak Securities
(Trade Free Plan)
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
Zerodha (₹20 per Trade)
Upstox (₹20 per Trade)
Angel One (₹20 per Trade)
Nuvama Wealth (₹10 per Trade)
5Paisa (₹20 per Trade)
ProStocks (₹899 Unlimited)
Compare Share Broker in India
Zerodha Vs Upstox
Nuvama Vs Zerodha
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Zerodha Vs ProStocks
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