An honest list of the top 20 share brokers in India with the highest number of active traders. As per data updated on 30 June 2020 on the National Stock Exchange (NSE).
In this article, we are not featuring any stockbrokers giving you a genuine list of 20 Best stock brokers in India on the basis of the broker wise highest active investors.
Every stockbroker wants highly active traders because they are highly coveted clients. They generate more revenue for brokers each year.
As per my knowledge and experience, all stock broking companies not only tries to gain new client also they put their effort to keep their client active. Because they will generate more revenue for them as much as they will have more active customers.
This article will give you an Idea about which brokerage firm has the highest number of active investors with them. And as per the broker wise highest active clients, we made this list of top 20 stock brokers in India.
Zerodha has gained more than 15 Lakh customers in a few years which is only 10-years-old firms but they are increasing their client base very fast as compared to major stock brokers.
Also Read: Best Full-Service Stock Brokers In India
As per data updated on 30 June 2020 on the National Stock Exchange website show, there is a total of 1,21,96,257 active traders for all the Stock Brokers of the exchange.
Zerodha, ICICI Securities, Upstox, Angel Broking, and HDFC Securities are the top five out of listed 20 share brokers in India.
As per experts ICICI securities, HDFC securities, and Kotak securities have clients sourced from their parent Bank.
Top 20 Share Brokers in India : 2020
|2||ICICI Securities Ltd.||11,18,835||+ 27,005||📝|
|4||Angel Broking Ltd.||7,66,811||+ 86,721||📝|
|5||HDFC Securities Ltd.||7,48,575||+ 18,704||📝|
|6||Kotak Securities Ltd.||6,38,807||+ 33,987||📝|
|7||5paisa Capital Ltd.||5,65,778||+ 31,123||📝|
|9||Motilal Oswal||4,12,137||+ 15,562||📝|
|10||Axis Securities Ltd.||3,02,150||+ 18,772||📝|
|11||SBIcap Securities Ltd.||2,69,452||+ 2,818||📝|
|12||IIFL Securities Ltd.||2,34,856||+6,389||📝|
|13||Karvy Stock Broking Ltd.||1,95,465||– 19,807||📝|
|14||Geojit Financial Services Ltd.||1,68,854||+ 2,623||📝|
|15||Edelweiss Broking Ltd.||1,35,450||+ 3,576||📝|
|16||Reliance Securities Ltd.||1,19,909||– 1,044||📝|
|17||SMC Global Securities Ltd.||1,17,618||+ 2,352||📝|
|18||Religare Broking Ltd.||1,14,003||+ 2,072||📝|
|19||Nirmal Bang Securities Pvt. Ltd.||1,03,547||+ 7,540||📝|
|20||Marwadi Shares & Finance Ltd.||84,639||+ 709||📝|
This list has not included data of Bombay Stock Exchange and other regional stock exchanges some investors trade only in the Bombay Stock Exchange or in the regional stock exchange.
After analyzing the above data of active traders, you can say these brokers are the most reliable and trusted stock broker in India.
Also Read: Best Discount Share Brokers In India
With which stock broker you should trade ?
For investors and traders choosing a stock broker is one of the very important decisions they make as an investor. But it depends upon the requirement of the trader’s trading style.
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.
Full-service or Online discount broker?
As even in modern days some traders do only offline trading so they can not do trading with a discount broker as they do not provide offline trading. Some discount provides offline trading but they charge for that.
As a customer of Sharekhan and Relationship Manager in Angel Broking, I have seen these two full-service stock brokers provides dedicated Relationship manager to execute customer’s order. To execute your trading order you will need to call from registered mobile number to your Relationship Manager.
But the trader who wants to do trading themself they can go with an online discount broker because the brokerage of discount brokers is very less with respect to full-service stock brokers.
From above top 20 share brokers in India you can choose a broker as per your requirement which only you can know. We can provide only advice as we can not recommend because we don know your needs.
Frequently Asked Questions
Which Stock Broker is best in India?
Zerodha is No.1 stock brokers in India with the highest number of active clients. Upstox is the fastest-growing stock broker in India.
How many Stock Brokers are there in India
On researching further just come upon there are over 5000 share brokers (Full Service) and only 30 (Discount Brokers) in India to form the blink within the market. And out of which Zerodha is thrashing ICICIdirect and HDFC Securities