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Top 10 Stock Brokers in India 2024 - Best Indian Stock Brokers for Happy Traders

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The greatest names in the Indian stock market have been nominated for the list of top 10 stock brokers in India 2024. Some candidates of top famous Indian stock brokers might have traditional brokers and charges high brokerage, but they have served for years to their customers.

Top 10 Stock Brokers In India

Table of Contents

1. Groww (NEXTBILLION TECHNOLOGY PRIVATE LIMITED) – Famous Top Ten Stock Brokers  

Groww is Bangalore based online discount stock brokerage firm. It is brand by Nextbillion Technology Private Limited. Groww started as a mutual fund investment platform in the year 2016. The company entered into stock broking in 2020.
 
Groww charges brokerage of Rs 20 per executed order or 0.05% on turnover whichever is lower.
 
Groww is the fastest growing company in Indian broking industry. As per NSE’s fresh data, the company has 84,20,803 active clients. Read detailed Groww review.

2. Zerodha Broking Limited – Top Indian 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 69,94,952 happy customers. Read detailed Zerodha review.

3. Angel Broking Limited – Best Top 10 Stock Brokers In India

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 56,85,889 active customers under its belt. It holds 3rd position in the top 10 rankings. Read detailed Angel One review.

4. Upstox – Top Stock Brokers India

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 24,01,555 customers. Read detailed Upstox review.

5. ICICI Direct (ICICI Securities Limited) – Top 10 Stock Brokers In India.

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 18,75,186 customers. Read detailed ICICI Direct review

ICICI - Best Top 10 Stock Brokers In India

6. 5Paisa Capital Limited – Top Indian Stock Broker

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 5,17,898 active traders. read detailed 5Paisa review.

5Paisa -Top Indian Share Brokers

7. HDFC Securities Limited – Top Ten Stock Brokers In India

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 10,62,264 active customers. Read detailed HDFC Securities review.

HDFC Securities - Top Ten Stock Brokers In India

8. Kotak Securities Limited – Popular Indian Stock Brokers

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 11,34,719 clients and ranked in 8th position in India. read detailed Kotak Securities review.

Kotak Securities - Popular Indian Stock Brokers

9. IIFL (India Infoline Securities Ltd.) – Top 10 Stock Brokers In India

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.

Recently they have jumped to 9th position in the list of top 10 stockbrokers with 4,26,451 active clients.Read detailed IIFL review.

IIFL Securities Logo

10. Motilal Oswal Financial Services Limited – Famous Top Ten Stock Brokers 

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 8,48,809,active traders with NSE. read detailed Motilal Oswal review.

Motilal Oswal - Famous Indian Stock Brokers

A few words before ending Top 10 Stock Brokers In India

Thank you for reading the above section. 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.

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