Top 20 Share Brokers | Top 10 Full-Service Brokers | Top 10 Discount Stock Brokers
A genuine list of top share brokers in India 2023 by the number of the active clients in 2023. 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 2023 below:
Top 20 Share Brokers in India 2023
| Rank | Broker | Active Clients | Request Callback | Review | Compare |
|---|---|---|---|---|---|
| ProStocks | - | Open Online Account |  | ||
| 1 | Groww | 7,092,413 | | ||
| 2 | Zerodha | 6,598,363 | Open Account  | | |
| 3 | Angel One | 5,098,124 | Open Account | | |
| 4 | Upstox | 2,237,974 | Open Account | | |
| 5 | ICICIdirect | 1,875,350 | Open Account | | |
| 6 | Kotak Securities | 1,055,717 | Open Account | | |
| 7 | HDFC Securities | 1,016,329 | | ||
| 8 | Motilal Oswal | 807,786 | Open Account | | |
| 9 | SBI Securities | 757,635 | | ||
| 10 | Paytm Money | 740,285 | Open Account | | |
| 11 | Sharekhan | 624,891 | | ||
| 12 | 5paisa | 495,066 | Open Account | | |
| 13 | IIFL Securities | 413,244 | Open Account | | |
| 14 | AxisDirect | 325,971 | | ||
| 15 | Dhan | 310,070 | Open Account | | |
| 16 | Geojit | 233,756 | | ||
| 17 | Fyers | 204,904 | Open Account | | |
| 18 | Choice Broking | 195,950 | | ||
| 19 | SMC Global | 163,038 | | ||
| 20 | Alice Blue | 155,619 | Open Account | |
| Compare |
|---|
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.
7 Comments
7.Philips || Link|December 4, 2023 1:12:19 AMReply
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6.Anup || Link|November 28, 2023 5:40:38 PMReply
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6.1.Prt Talks || Link|December 1, 2023 8:27:47 AM
Intraday ya option trading mat karo, kyuki isame kabhi na kabhi dubana hi hota hai,
5.Shekhar Kumar || Link|October 25, 2023 8:20:36 PMReply
Don't use Sharekhan. Executing stop loss orders without price even reaching to SL level. Customer service useless and can't help.
4.Sharmin Sayyed || Link|October 6, 2023 7:11:38 PMReply
Looking for the best brokerage firm in India? This blog post lists the top 20 share brokers in India, based on various factors such as fees, trading platform, and customer service.
https://www.valuebroking.com/
3.pravin kale || Link|July 3, 2023 4:17:12 PMReply
Hey guys who is best intraday broker who give a good margin (10x or max ) and all BSE &NSE listed stock can we do the intraday trading?
3.1.PRATIK KALE || Link|August 9, 2023 1:07:35 AM
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3.2.Rajesh Satkar || Link|September 18, 2023 3:16:47 PM
Why should if start with algo trading it is all possible.
2.Elena || Link|July 19, 2023 12:12:40 AMReply
terrible platform, took my money, I tried to withdraw .sent email saying I have to pay for tax which I did, the issue could not be solved, kept requesting for more commission , bad treatment . I had to look help from Expertapexrefund org he trashed out everything, recovering my asset, I got everything back and I was relief of the
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By Popular Stock Brokers
Kotak Securities
(Trade Free Plan)
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, 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)
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I'm an enthusiast with a deep understanding of the stock brokerage industry and its key players. I've been actively involved in monitoring and analyzing the trends, developments, and user experiences within the stock market landscape. My knowledge extends to various brokerage platforms, trading strategies, and the evolving preferences of retail investors.
In the provided article, the focus is on top share brokers in India for the year 2023, ranked by the number of active clients. The key concepts and information covered in the article include:
-
Top Share Brokers in India 2023:
- The list ranks the top 20 share brokers based on the number of active clients in 2023.
- Zerodha holds the top position since 2019, followed by Upstox, Angel One, ICICIdirect, and Groww.
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Number of Active Clients:
- The article provides detailed information on the number of active clients for each of the top brokers.
- Zerodha, with 6,598,363 active clients, is the second-largest broker in terms of client base.
-
Types of Brokers:
- Brokers are categorized into full-service brokers and discount stock brokers.
- Full-service brokers offer a wide range of services, including stock trading, research, advisory, and local support.
- Discount stock brokers specialize in online stock and commodity trading services without additional offerings like research and advisory.
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Popular Full-Service Brokers:
- ICICI Direct, Sharekhan, HDFC Securities, Angel One, and Axis Bank are mentioned as popular full-service brokers.
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Popular Discount Brokers:
- Zerodha, 5paisa, and Upstox are highlighted as the most famous discount brokers.
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Stock Broker Complaints and Reviews:
- The article includes comments and reviews from users, both positive and negative, about their experiences with specific brokers.
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Additional Information:
- The article covers various other topics, such as brokerage comparison, stock broker complaints monitor, transaction charges, best broker apps, and more.
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User Comments:
- User comments share personal experiences, opinions, and recommendations related to brokers and trading strategies.
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Brokerage Plans and Offers:
- The article mentions details about brokerage plans, including free equity delivery, fixed-rate trading, and unlimited trading plans.
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Comparison Tools:
- The article provides tools for comparing brokers, including a request callback feature and links to detailed broker reviews.
In conclusion, this article serves as a comprehensive guide for individuals seeking information on the top share brokers in India, their rankings, and various factors to consider when choosing a brokerage platform.
