Top Share Brokers in India 2022 (Top 20 Stock Brokers) (2024)

Top Share Brokers in India 2022 (Top 20 Stock Brokers) (2)

A genuine list of top share brokers in India 2022 by the number of the active clients in 2022. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww.

There are 20 top stock brokers who have over 1 lakhs of active customers. The year wise list of top stock brokers in India also provides detail about the latest number of active clients with the broker. Find the top online broker rankings 2022 below:

Top 20 Share Brokers in India 2022

RankBrokerActive ClientsRequest CallbackReviewCompare
ProStocks-Open Online AccountTop Share Brokers in India 2022 (Top 20 Stock Brokers) (3)
1Zerodha6,392,902Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (4)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (5)
2Groww5,373,705Top Share Brokers in India 2022 (Top 20 Stock Brokers) (6)
3Angel One4,281,951Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (7)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (8)
4Upstox2,880,604Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (9)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (10)
5ICICIdirect2,333,088Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (11)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (12)
6HDFC Securities1,063,911Top Share Brokers in India 2022 (Top 20 Stock Brokers) (13)
7Kotak Securities923,785Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (14)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (15)
8Motilal Oswal805,125Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (16)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (17)
9Sharekhan694,334Top Share Brokers in India 2022 (Top 20 Stock Brokers) (18)
105paisa652,353Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (19)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (20)
11Paytm Money646,387Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (21)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (22)
12SBI Securities516,083Top Share Brokers in India 2022 (Top 20 Stock Brokers) (23)
13IIFL Securities480,984Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (24)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (25)
14AxisDirect333,638Top Share Brokers in India 2022 (Top 20 Stock Brokers) (26)
15Geojit235,600Top Share Brokers in India 2022 (Top 20 Stock Brokers) (27)
16Nuvama (Edelweiss)218,206Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (28)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (29)
17Choice Broking211,464Top Share Brokers in India 2022 (Top 20 Stock Brokers) (30)
18Fyers172,712Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (31)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (32)
19SMC Global153,078Top Share Brokers in India 2022 (Top 20 Stock Brokers) (33)
20Alice Blue142,016Open Account Top Share Brokers in India 2022 (Top 20 Stock Brokers) (34)Top Share Brokers in India 2022 (Top 20 Stock Brokers) (35)
Compare

Compare

Share brokers are authorized members of the stock exchanges (i.e. BSE, NSE). They execute trades on behalf of the customers at the exchange. There are 100's of registered stock brokers in India offering stock trading to retail customers. At high-level, the most famous stock brokers in India are categories in 2 types:

  1. Full-services brokers
  2. Discount Stock Brokers

Full-service brokers offer a wide range of services including stock trading, research and advisory and local support. Discount stock brokers are online brokers specialized only in stock and commodity trading services. They do not offer add-ons like research and advisory, PMS, wealth management and branch support.

The most popular stock brokers in the full-service category include ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel One and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.

Note:

  • The data for this report is compiled from BSE and NSE stock exchanges.
  • The best broker ranking is updated every month.
  • Click on the broker name to read broker review.

17 Comments

17.sudhir kumar || Link|November 29, 2022 10:16:11 AMReply

Anand Rathi is also best in Full-service brokers in stock trading, specially in research and advisory.

16.Subrata Nath || Link|August 26, 2022 9:08:05 AMReply

Avoid Kotak Securities, as they may deduct any random amount in the name of technical glitch or new brokerage scheme (scam?). You will never able to decode the financial reports.

16.1.Binu || Link|May 5, 2023 5:57:29 AM

Delivery brokerage is very high

15.Vikki Patel || Link|December 12, 2022 3:57:36 PMReply

Sir can you please tell about Wisdom capital is this good for trading or investing i have lot's of question about Wisdom Capital

14.Joseph Mathew || Link|November 5, 2022 7:58:52 PMReply

Beware of Kotak securities. I stopped trading with them 5 years back. With 0 (nil) account. After one year they started sending me email and SMS claiming that I owe them 1000 rupees. Next year they revised it as 2000 rupees and now claims 4000 rupees. I had tried several times to stop this non sense as I had no pending amount when I stopped as it was online trading. But their support team failed to get me out as they say the scheme in which I was a member no more exits.

14.1.Rasc || Link|January 24, 2023 5:27:39 PM

Yes similar experience
Their platform NEoStock goes down time to time depending on your position in market and trades.
Heavy losses.

13.manonmani || Link|July 24, 2022 9:24:13 PMReply

Be alert with icici direct. There is no safety and security for MTF trading and they will square off anytime and u will loose your money. Not advisable to trade in icici direct. Due to pan and aadhar not linked they squared off all the positions. Afterthat there is no response from icici from Advisior and RM

12.Deepak || Link|October 19, 2022 4:13:32 PMReply

Best is Paytm Money. It gives very good technical details... Groww is also good but it shows wrong info about todays high and todays low when price is near to todays low and todays high.....

11.online trading || Link|October 13, 2022 11:25:25 AMReply

thankyou for giving such useful information.
online trading

10.Atul Goel || Link|August 18, 2022 3:09:07 AMReply

The best brokerege house is Sharekhan. It provides good and authentic research reports. It's app is very easy to understand. Online videos are very good.

9.Ashok Prakash Ahire || Link|January 14, 2022 5:18:56 PMReply

I love to using zerodha kite & I recommend to everyone...

8.Shekhar Mahadeo Shingade || Link|March 5, 2022 8:21:15 AMReply

I use Alice Blue & its very good broker ..i m happy with AB....

8.1.Samiulla || Link|March 20, 2022 4:28:58 PM

Trading

8.2.Ashish || Link|April 28, 2022 7:57:35 PM

I want to use groww app. Plg guide me

7.Praveen Raj || Link|October 10, 2022 9:42:37 PMReply

how is first stock broker? is it safe?

6.Nitin || Link|September 18, 2022 9:43:36 PMReply

IIFL is also impressive app

5.Ramniwas || Link|February 21, 2022 1:38:24 AMReply

I use angel one is very appropriate and improved I feel very good

5.1.vishal || Link|August 31, 2022 3:32:54 PM

minimum brokerage 35/- is removed or it is available?

4.Sunil || Link|August 1, 2022 2:38:04 AMReply

Zerodha is best , tried angel one, groww, 5paisa but unsatisfied

The best feature of zerodha is various reports , like tax pnl which is very detailed

Angel one has pathetic tax pnl snd while filling return have to manually enter values

3.Gaurav kinariwale || Link|August 3, 2022 5:01:09 PMReply

Use Edelweiss as trading platform, great experience over 5 years full service broker and good technical charting available.

2.Kalu || Link|February 28, 2022 3:41:27 PMReply

Good Information. keep growing

1.Belraj || Link|February 2, 2022 5:48:12 PMReply

Iam suing Angelone.Iam fully satisfied with this .
I have upstox and Zerodha but rarely used.
I recommend this to everyone.

1.1.Ramniwas || Link|February 21, 2022 1:41:15 AM

Sir I am use only angel one

1.2.Jay || Link|February 28, 2022 7:37:15 PM

I also use angel one but I am unable to find the commodities trade option. Can you help me with this?

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Top Share Brokers in India 2022 (Top 20 Stock Brokers) (86)
By Popular Stock Brokers

Top Share Brokers in India 2022 (Top 20 Stock Brokers) (87)Zerodha

Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O

Open Instant Account

Free Equity Delivery
Flat ₹20 Per Trade in F&O

Open FREE Demat Account

30 days brokerage free trading
Free - Personal Trading Advisor

Open Account

Top Share Brokers in India 2022 (Top 20 Stock Brokers) (89)Kotak Securities
(Trade Free Plan)

FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O

Open Online Demat Account

FREE Account Opening
Flat ₹20 Per Trade

Enquire Now

Unlimited @ ₹899/month
Rs 0 Demat AMC

Open FREE Account

Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O

Open Instant Account

Top Share Brokers in India 2022 (Top 20 Stock Brokers) (94)

Pay ₹0 brokerage for first 10 days

Flat ₹20 Per Trade

Open Instant Account Now!

Top Share Brokers in India 2022 (Top 20 Stock Brokers) (95)

Top Share Brokers in India 2022 (Top 20 Stock Brokers) (2024)

FAQs

Who is the No 1 stockbroker in India? ›

Top 20 Share Brokers in India 2024
RankBrokerActive Clients
1Groww9,185,024
2Zerodha7,223,525
3Angel One5,983,067
4Upstox2,401,555
17 more rows

Which broker is safest in India? ›

Top 18 Stock Brokers in India
  • ICICI Direct. The ICICI Direct which is a part of ICICI Securities ranks number one in the full-service stockbrokers' list. ...
  • Angel Broking. ...
  • Alice Blue. ...
  • blinkX By JM Financial Services. ...
  • Shoonya. ...
  • Zerodha. ...
  • HDFC Securities. ...
  • 5Paisa.
Mar 10, 2024

Which stock broker gives best tips in India? ›

Which broker gives the best intraday trading tips? Motilal Oswal is the best broker to offer intraday trading tips & recommendations. It has a dedicated advisory and researchers team who closely monitor the company's event or news, and gives timely intraday trading tips to customers.

Who are the most trusted stock advisors in India? ›

List of Top 10 SEBI Registered Best Stock Advisory Companies
S.NoBest Stock Advisory FirmsCompany Management
1.Research and RankingManish Goel
2.Bajaj Capital limitedRajiv Bajaj
3.HMA TradingHemma Guptaa
4.Kotak Private Equity GroupUday Kotak
6 more rows

Who is the richest stock investor in India? ›

So, without further ado, let us begin with the list of 10 leading investors in India in 2023.
  • Radhakishan Damani. Radhakishan Damani tops the list of richest investors in India. ...
  • Raamdeo Agrawal. ...
  • Ramesh Damani. ...
  • Ashish Dhawan. ...
  • Mohnish Pabrai. ...
  • Vijay Kedia. ...
  • Mukul Agrawal. ...
  • Sunil Singhania.
Jan 23, 2024

Which broker has lowest commission in India? ›

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.

Which broker is legal in India? ›

Brokers like HDFC Securities, ICICI Direct, and Kotak Securities are examples of SEBI-registered brokers that offer forex trading services. Banks: Many major banks in India, such as ICICI Bank, HDFC Bank, Axis Bank, and State Bank of India, offer forex trading services to their customers.

Which is India's No 1 demat account? ›

Best Demat Accounts In India #1 – Zerodha

Presently Zerodha is the number one demat account and brokerage firm in India, having the largest trading volume by any single broker in the country. The brokerage has an account opening charge of ₹200 and an annual maintenance fee of ₹300.

Which is the safest broker? ›

Which is the safest broker in India? A. Safety in brokerage is often associated with factors like reliability, regulations, and customer trust. Brokers like ICICI Direct, HDFC Securities, and Kotak Securities have been known for their reliability and strong regulatory compliance.

Which broker has lowest charges? ›

Lowest Brokerage Charges for Online Trading in India
Low Brokerage Trading AccountTrading Account Opening ChargesLowest Brokerage in NSE Option Trading
Wisdom CapitalFree₹9/Executed Order or 999/Month
Zerodha₹ 200₹ 20/per executed order
Upstox₹ 200₹ 20/per executed order
SAMCOZero₹ 20/per executed order

Which is the fastest broker in India? ›

Which is the fastest trading platform in India? Zerodha Kite and Upstox Pro are the two super-fast and feature-rich online trading platforms in India.

What are the top 5 brokerage company? ›

5 Largest Brokerage Firms of 2024
Stock Brokerage FirmAssets under management*
Vanguard Group$8.6 trillion
Charles Schwab$8.5 trillion
Fidelity Investments$4.4 trillion
JPMorgan Chase & Co.$3.9 trillion
1 more row
Jan 25, 2024

What are the top 3 brokerage firms? ›

While it is impossible to recommend any one brokerage for every investor, the most popular brokerage providers are Charles Schwab, Fidelity Investments, E*TRADE, and Vanguard. These companies provide brokerage services to millions of clients.

Which is the oldest broker in India? ›

Oldest broker is LKP securities, it started in 1948. JM Financial Services in 1973. Religare in 1984 are some of the oldest stockbrokers.

Which is the best prime broker in India? ›

A real list of top stock brokers in India 2021 by number of active clients in 2021. Groww is the top stock broker among all brokers in India. Groww is followed by Zerodha, Angel One, Upstox, and ICICIdirect.

Who is the best stock investor in India? ›

Top 10 richest investors in India in 2023
  • Radhakishan Damani. Radhakishan Damani is the founder of DMart. ...
  • Raamdeo Agrawal. Raamdeo Agrawal is a well-known Indian securities and exchanges finance expert. ...
  • Ramesh Damani. ...
  • Ashish Dhawan. ...
  • Vijay Kedia. ...
  • Sunil Singhania. ...
  • Porinju Veliyath. ...
  • Ashish Kacholia.

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