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Top 20 Share Brokers In India with highest active clients

Every stock broker wants highly active traders because they are highly coveted clients. They generate more revenue for brokers each year.  As per my knowledge and experience every stock broker not only they try to gain new  client also the put their effort to keep their client base active. Today I am giving you information about top 20 share brokers with highest number of active traders in the financial year ending on 31st March 2017 . This guide will give you an Idea about which brokerage firm has highest number of active investors in their database. Zerodha have gain more then 1 Lakh customer in one year which is only 6 years old firms but they are increasing their client base very fast as compare to major stock brokers.

Also Read: Best Full Service Stock Brokers In India

As per data updated on 31st March 2017 on National Stock Exchange website show there are total 59,51,301 active traders for all the stock brokers of the exchange. ICICI Securities ltd., HDFC Securities ltd. and Sharekhan are the top three stock brokers, with 618359, 483244 and 366468 customers respectively. As per experts ICICI securities and HDFC securities have clients sourced from their parent Bank.

This list has not included data of Bombay Stock Exchange and other regional stock exchanges some investors trade only in Bombay Stock Exchange or in regional stock exchange.

Also Read: Best Discount Share Brokers In India

The following top 20 share brokers have highest number of active traders:

S. No.Stock BrokersNumber of active Clients
1. ICICI Securities Limited6,18,359
2.HDFC Securities Limited.4,83,244
4.Kotak securities Ltd2,73,895
5.Axis Securities Limited.2,59,006
6.Angel Broking Ltd.2,30,194
7.Motilal Oswal Securities Ltd.2,07,194
8.India Infoline Ltd.1,97,996
9.KARVY Stock Broking Ltd1,81,384
10.SBI CAP Securities Ltd.1,69,345
12Geojit BNP Paribas financial services ltd.1,60,317
13.Religare Securities Limited.1,20,758
14.Reliance Securities Ltd.83,430
15.Edelweiss broking Ltd.74,631
16.Smc global securities Ltd.74,227
17.Nirmal bang securities pvt. Ltd.72,795
18.Ventura Securities Ltd.68,519
19.Anand rathi share and stock brokers Ltd.64,451

Reference: https://www.nseindia.com/invest/content/arbitration_reports/report_1c_2016_17.htm

Also Read: How To Select Right Stock Broker

For investors and traders choosing a stock broker is one of the very important decisions they makes as an investor. Every trader has their own style of trading so it is necessary to determine which broker will fit them. Every stock brokers try to gives something different services to make them unique to their competitors.


  1. Ramchandra Gole 6 April 2018
  2. Vipul Pawar 9 May 2017

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