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||12,06,812||Open Zero Brokerage Account|
|2||ICICI Securities Ltd.||9,87,517||Review|
|3||HDFC Securities Ltd.||6,62,851|
|4||Kotak Securities Ltd.||5,21,548|
|6||Upstox||5,00,944||Open Free Account|
|7||Angel Broking Ltd.||4,90,628|
|8||5paisa Capital Ltd.||3,51,325|
|10||Axis Securities Ltd.||2,82,351|
|11||Karvy Stock Broking Ltd.||2,64,470|
|12||Sbicap Securities Ltd.||2,21,809|
|13||IIFL 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.
Frequently Asked Questions
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