Top 20 Share Brokers In India


Today we are going to discuss the top 20 share brokers in India with the highest number of active traders. As per data updated on 31 January 2020 on National Stock Exchange.

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, all stock broking companies not only tries to gain new client also thee put their effort to keep their client base active.

This guide will give you an Idea about which brokerage firm has the highest number of active investors in their database.

 Zerodha has gained more than 10 Lakh customers in a few years which is only 9 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 November 2019 on the National Stock Exchange website show, there is a total of 98,08,014 active traders for all the stock brokers of the exchange.

 Zerodha, ICICI Securities, HDFC Securities, Sharekhan and Kotak Securities are the top five stock brokers. As per experts ICICI securities,  HDFC securities, and Kotak 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 the Bombay Stock Exchange or in the regional stock exchange.

Top 20 share brokers in India with Active Client:

1 Zerodha 12,06,812Open Zero Brokerage Account
2 ICICI Securities Ltd. 9,87,517Review
3HDFC Securities Ltd. 6,62,851
4 Kotak Securities Ltd. 5,21,548
5 Sharekhan 5,14,346 Review
6 Upstox 5,00,944Open Free Account
7 Angel Broking Ltd. 4,90,628
8 5paisa Capital Ltd. 3,51,325
9 Motilal Oswal 3,46,092
10 Axis Securities Ltd. 2,82,351
11 Karvy Stock Broking Ltd. 2,64,470
12 Sbicap Securities Ltd. 2,21,809
13IIFL Securities Ltd. 2,02,931
14 Geojit Financial Services Ltd. 1,56,800
15 Edelweiss Broking Ltd. 1,20,154
16 Reliance Securities Ltd. 1,12,678
17 Religare Broking Ltd. 1,11,413
18 Smc Global Securities Ltd. 1,06,299
19 Nirmal Bang Securities Pvt. Ltd.90,528
20 Marwadi Shares & Finance Ltd. 76,236

Also Read: Best Discount Share Brokers In India

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.

Source: NSE

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

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