Top 20 Share Brokers In India in 2020

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 in India with highest number of active traders As per data updated on 30 November 2019 on National Stock Exchange. 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 10 Lakh customer in one year which is only 8 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 30 November 2019 on National Stock Exchange website show there are total 93,37,902 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 Bombay Stock Exchange or in regional stock exchange.

Also Read: Best Discount Share Brokers In India

Top 20 share brokers in India with Active Client:

S.No

Share Brokers

No. Of Active Client

1.

Zerodha

11,13,000

Exclusive Offer

₹ 0 Brokerage for Delivery
₹20 Intraday and F&O

2.

ICICI Securities Limited

9,34,585

3.

HDFC Securities Ltd.

6,47,800

4.

Sharekhan Ltd.

4,86,325

5.

Kotak Securities Ltd.

4,84,561

6.

Angel Broking Ltd.

4,54,932

7.

Upstox

3,75,702

Exclusive Offer

₹ 0 Brokerage for Delivery
₹20 Intraday and F&O

8.

Motilal Oswal Financial Services Limited

3,33,388

9.

AXIS Securities Ltd.

3,11,400

10.

5paisa Capital Limited

2,94,850

11.

Karvy Stock Broking Ltd.

2,82,709

12.

Sbicap Securities Limited

2,20,464

13.

Iifl Securities Limited

1,99,088

14.

Geojit Financial Services Limited

1,56,635

15.

Religare Broking Limited

1,28,447

16.

Reliance Securities Limited

1,18,982

16.

Edelweiss Broking Limited

1,16,883

17.

Smc Global Securities Ltd.

1,05,038

18.

Nirmal Bang Securities Pvt. Ltd.

88,749

19.

Anand Rathi Share And Stock Brokers Ltd.

73,333

20.

Ventura Securities Ltd.

70,663

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.

Reference: https://www.nseindia.com

1 thought on “Top 20 Share Brokers In India in 2020”

  1. Good list of information about selecting stock broker. Many full service brokers provides 3-in-1 account opening service. Which broker suitable for a person is depends on his/her objective. A person wants do intraday trades or be investor. Many new discount brokers have very low brokerage charges.

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