Menu
This article will introduce you to the top 10 stock brokers in India 2024. This includes discount brokers like Zerodha, Groww, while full service brokers like Motilal Oswal and ICICI Securities are also there. All the brokers in this list of best stock brokers have contributed in their own way to the Indian stock market. Be it by charging less brokerage to the customer or by providing an excellent service. Stay till the end of this article where we have provided information about some other good stock brokers.
Zerodha is a Bangalore based stock broker founded in 2010 by Mr. Nitin Kamath. It was the 1st stock broker who introduced per trade brokerage in India.
Zerodha introduced trading platforms such as Kite web, Kite mobile, Zerodha PI, Kite connect API for his traders and investors. Zerodha also introduced varsity, the complete learning web application that guides basic fundamentals to advanced derivatives trades in the stock market. Zerodha offers COIN to invest in mutual funds.
They charge a brokerage of Rs 20 per trade irrespective of trade value or trade quantity.
Zerodha is ranking on 2nd position with 72,87,148 happy customers. Read detailed Zerodha review.
Angel Broking Limited is a well-known full-service stock broker in India. It was established in 1987 and it has a presence in more than 1000 cities in India. In 2021 it rebranded to Angel one.
Recently it was entered into discount brokerage with Rs 20 per trade. They offer Angel Broking Trade, Angel Broking Mobile App, and Angel Speed Pro for trading to its customers.
Angel Broking Limited (Angel One) has 61,11,879 active customers under its belt. It holds 3rd position in the top 10 rankings. Read detailed Angel One review.
Upstox is a stock broking brand by RKSV Securities India Private Limited. It was founded by Mr. Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath in 2011. Upstox is backed by Mr. Ratan Tata, Kalaari Capital, and Tiger Global Management.
Upstox is a Mumbai based discount stock broker. It is famous for its lowest brokerage charges of Rs 20 per trade and it’s mobile trading app “Upstox Pro”
It is the 4th largest stock broker in India with 25,16,647 customers. Read detailed Upstox review.
ICICI Direct (ICICI Securities Limited) is a broking brand by ICICI banking services in India. Due to its high brand value, ICICI Securities charges high brokerage to its customers.
ICICI Direct offers a 3-in-1 account – Saving, Trading, and Demat. ICICI Securities gives Trade Racer trading terminal, icicidirect.com web platform, and ICICI Direct mobile app to its traders.
ICICI Direct (ICICI Securities) holds the No.5 position in India with 18,45,202 customers. Read detailed ICICI Direct review.
Kotak Securities is one more bank based stock broker that offers a 3-in-1 account facility with Saving, Trading, and Demat account. Kotak Securities enjoys a good amount of brand name through its banking services. This brand name helps high scale customer acquisition at a very low cost. They have 1200+ branches in India.
As per fresh data from NSE, Kotak Securities have more than 12,08,948 clients and ranked in 6th position in India. read detailed Kotak Securities review.
HDFC Securities is a Stock Broking company of HDFC Bank Ltd. HDFC Securities provides both Online and Offline trading.
HDFC Securities also offers a 3-in-1 account including Saving, Trading & Demat account.
HDFC Securities is the 7th largest Stock Broker in India with 10,97,747 active customers. Read detailed HDFC Securities review.
Motilal Oswal is a well known name in the Indian stock broking industry. They are one of the oldest stock brokers in India with an establishment in 1987. They are majorly into institutional trading but also provide retail stock broking services as well.
Currently, they have 8,79,629,active traders with NSE. Read detailed Motilal Oswal review.
SBICAP Securities Ltd is the stock broking arm of State Bank of India, India’s largest bank. It was established in the year 2006. It offers many products like Equity, Derivatives, Mutual Funds, ETFs, IPOs. Apart from this, they also provide home loans and car loans.
SBICAP currently has 8,63,824 active accounts with NSE and has ranked 9th in the list of top 10 stock brokers in India. Read detailed SBICAP Securities review.
Paytm Money is a subsidiary company of One97 Communications Limited (also known as Paytm). It is Bangalore based and was established in 2017. The company offers trading and investment services in equity and fno. Along with this it offers Mutual Funds and NPS services.
Paytm Money is ranked 10th in the list of top 10 stock brokers with their 8,02,146 active clients. Read detailed Paytm Money review.
We have read information about top 10 brokers. Apart from these 10 best stock brokers, there are many good brokers in India which are providing very good service. Information about some of them is given below.
Sharekhan is India’s 6th largest full-service stock broker after ICICI Securities, HDFC Securities, Angel Broking Ltd., and Kotak Securities. Recently it was sold out to BNP Paribas for Rs 2200 cr.
Sharekhan is one of the oldest stock brokers in India for offering online trading services.
Sharekhan is also known for its trading platform Trade Tiger. Trade Tiger is one of the most high-tech and user-friendly trading platform in India.
Sharekhan is the 11th largest stock broker in India with 6,64,853 customers. Read full review.
5paisa is a Mumbai based leading discount stock broker backed by India Infoline. It is the first discount stock broker got listed on NSE and BSE.
5Paisa offers trading through web-based trading platform Trade Station and 5Paisa mobile app.
As per NSE’s fresh data, 5Paisa has 5,49,049 active traders. read detailed 5Paisa review.
Dhan is among the top share brokers in India. It offers a wide range investment products for investors and traders. Dhan provide a seamless trading experience through their advanced trading platform which caters to both stock trading and investing needs.
Dhan offers brokerage free investment in Equity delivery, ETF’s, IPO and mutual funds. It charges brokerage of Rs 20 irrespective of trade volume or trade quantity.
Dhan has client base of 5,12,564 active traders at NSE. Read detailed Dhan review.
IIFL Securities, established in 1995, is a leading provider of comprehensive investment services, offering a range of products and services to meet the needs of its customers. It is part of the IIFL Group, one of the largest financial companies in India.
It is a full-service stock broker that started offering discount brokerage. It provides a flat brokerage of Rs 20 per trade.
Currently, IIFL have 4,39,137 active clients with NSE. Read detailed IIFL review.
mStock (MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED) is one of the top stock brokers in India, offering a platform for trading in Indian stock exchanges.
mStock offers lifetime brokerage free trading and demat account across all the segments by paying one time fees of Rs 999/-.
Currently they have 3,83,186 active clients at NSE. Read detailed mStock review
Thank you for reading this article. We have tried our best to give you a summary introduction of Top 10 Stock Brokers in India 2024. Kindly refer to our broker comparison section to select the right broker. All the best.
4 thoughts on “Top 10 Stock Brokers in India – Great Indian Stock Brokers”
In the full-service market, ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel One, and Axis Bank are the most well-liked stock brokers. Among the most well-known stock brokers in the discount broker segment are Upstox, 5paisa, and Zerodha.
Your blog is full of useful information! Thank you for freely sharing your knowledge. Also, it would be nice if you could update these ranks.
Great Information for beginners like me……this will definitely help me to choose broker…..
Thanks for sharing your views. I am planning to start Share Broking Franchise Share Broking Franchise. This information would really help me.