Find here a genuine list of 15 best most trusted full-service Stock Brokers in India by the number of active traders/investors. Angel Broking, Sharekhan, and Motilal Oswal are the top three full service brokers in India which are giving the best and reliable services to their customers.
In India broking firms primarily work as agents for buying and selling stocks and other financial instruments and take a commission for each transaction done by them.
|Also Read: Top 20 Stock Brokers In India|
Right now the Indian brokerage market going through a wonderful phase with a high growth rate. In the present time In India, there are two types of Share Brokers Full-service Share Brokers and online discount brokers.
In this article, I have covered only the most trusted full service share brokers for discount stock brokers please read the best discount brokers in India.
And I have also not included the bank promoted stock broker in this list. Because their customer sources are their parent’s bank. And they don’t put much effort like full service stock broker and discount broker to acquire a new customer.
I have posted a separate article for Top 10 Bank Promoted Shares Brokers In India.
Top 15 Full-Service Stock Brokers In India 2020
|S.No.||STOCK BROKERS||ACTIVE TRADERS|
|1||Angel Broking Ltd.||7,66,811|
|3||Motilal Oswal Financial Service Ltd.||4,12,137|
|4||IIFL Securities Ltd.||2,34,856|
|5||Karvy Broking Ltd.||1,95,465|
|6||Geojit Financial Service Ltd.||1,68,854|
|7||Edelweiss Broking Ltd.||1,35,450|
|8||Reliance Securities Ltd.||1,18,865|
|9||SMC Global Securities Ltd.||1,17,618|
|10||Religare Broking Ltd.||1,14,003|
|11||Nirmal Bang Pvt. Ltd.||1,03,547|
|12||Marwadi Shares & Finance Ltd.||84,639|
|13||Ventura Securities Ltd.||78,280|
|14||Anand Rathi Share & Stock Brokers Ltd.||74,118|
|15||Aditya Birla Money Ltd.||46,343|
This list of full-service stock brokers in India has not included data of the Bombay Stock Exchange and any Regional Stock Exchange. Some investors prefer to trade in the Bombay Stock Exchange and In regional stock exchange.
Full-Service stock brokers constantly loosing their active clients after introducing the Discount brokerage concept in India. As now maximum people want to trade online only because of this to save brokerage they are trading with discount brokers.
Angel Broking is the first full-service Stock Broker in India who introduced the same brokerage structure that is charged by maximum online discount stock brokers. Angel Broking is now the cheapest full service broker in India.
|Also Read: Best Discount Brokers In India|
Frequently Asked Questions (FAQ)
What is a Full-Service Share Broker In India?
A full-service broker is a registered stockbroker with SEBI that gives the various types of services to their clients, including advice and research reports, investment planning, tax tips, and many more services.
What is the brokerage of full-service Stock Brokers?
Full-service Stock Brokers take % wise brokerage which varies from 0.01% to maximum 2.5% depends upon the stockbrokers and their services avail by the customers.
Which is the best full-service share broker in India?
Sharekhan, Angel Broking and Motilal Oswal are the best full-service stockbrokers in India for their best and reliable service to their customers.
What is diffirence between Full-service Broker & Discount Broker
Full-service brokers generally charge % wise brokerage which is costly than the fixed-rate brokerage which is charged by online discount brokers.