Top Stock Brokers in India: January 2020

The list of Top Stock Brokers in India will help you make an informed choice between more than hundred brokerage firms in India.

There are two types of brokers; full-service and discount brokers.

The company that revolutionised the sector is Zerodha, which has now become the first stock broker in India to cross 10 lakh active customers.

In just 9 years since the company was founded, the discount-pricing and internet-only model of Zerodha has revolutionised the stock broking business. It has won the National Stock Exchange (NSE) award for ‘Best Retail Broker in India’ for two consecutive years (2018 and 2019).

The No. 2 player is ICICI Securities with more than 9 lakh members. It’s a full-service broker providing research reports, daily market reports, quarterly results analysis etc.

The other companies in the Top 5 are HDFC Securities, ShareKhan and Kotak Securities. All of them are full-service brokers.

Others that are rising up in the Top Stock Brokers list and challenging the established players are Upstox (No 7) and 5Paisa Capital (No 10).

NoStock BrokerActive Customers
2ICICI Direct9,34,585
3HDFC Securities6,47,800
5Kotak Securities4,84,561
6Angel Broking4,54,932
8Motilal Oswal Financial Services3,33,388
9Axis Securities3,11,400
105Paisa Capital2,94,850
11Karvy Stock Broking2,82,709
12SBIcap Securities2,20,464
13IIFL Securities1,99,088
14Geojit Financial Services1,56,635
15Religare Broking1,28,447
16Reliance Securities1,18,982
17Edelweiss Broking1,16,883
18SMC Global Securities1,05,038
19Nirmal Bang Securities88,749
20Anand Rathi Share & Stock Brokers73,333
21Ventura Securities70,663
22Marwadi Shares And Finance70,606
23Tradebulls Securities60,153
24Idbi Capital Markets & Securities47,861
25Samco Securities45,262
26Indiabulls Ventures43,917
27Jainam Share Consultants42,752
28Monarch Networth Capital42,461
29Aditya Birla Money42,354
30Integrated Enterprises37,181
31Jm Financial Services36,908
32Master Capital Services35,643
33Bonanza Portfolio32,546
34Jhaveri Securities31,584
35Sushil Financial Services30,592
36Swastika Investmart29,797
37Arihant Capital Markets29,655
38Choice Equity Broking29,280
39SHCIL Services27,445
40Globe Capital Market27,037
41LKP Securities25,638
42Shriram Insight Share Brokers25,135
43Way2Wealth Brokers24,842
44Shri Parasram Holdings24,507
45VNC Finance & Capital Services22,577
46Alice Blue22,501
47Prabhudas Lilladher21,919
48Suresh Rathi Securities21,345
49Investmentz (ACMIIL)19,127
50BMA Wealth Creators18,849
51KIFS Trade Capital17,877
52Goodwill Wealth Management16,542
53Profitmart Securities16,324
54Prudent Broking Services16,179
55ASE Capital Markets15,989
56Indianivesh Shares And Securities14,708
57Narnolia Financial Advisors14,356
58Astha Credit & Securities13,906
59Emkay Global Financial Services13,873
60Alankit Assignments13,165
61Arcadia Share & Stock Brokers12,852
62South Asian Stocks12,407
63Steel City Securities12,403
64Yes Securities12,201
65Goldmine Stocks11,987
67Acumen Capital Market11,847
68ISE Securities & Services11,558
69Trustline Securities11,218
70Dealmoney Securities10,547
71Ss Corporate Securities10,445
72Fyers Securities10,115
73Navia Markets10,023
74Bansal Finstock10,000
75PCS Securities9,586
76DBFS Securities9,265
77Canara Bank Securities9,124
78SSJ Finance & Securities8,581
79Adroit Financial Services8,519
80BP Equities8,452
81Fairwealth Securities8,401
82Zebu Share & Wealth Management8,285
83Lsc Securities7,744
84R K Global Shares & Securities7,665
85JK Securities7,378
86Kunvarji Finstock7,237
87Mangal Keshav Financial Services7,145
88Pune E Stock Broking7,135
89Vrise Securities6,975
90B N Rathi Securities6,972
91Hem Finlease6,970
92Mansukh Securities & Finance6,657
93Joindre Capital Services6,493
94Ashlar Securities6,417
95Rikhav Securities6,292
96Sharewealth Securities6,278
97Arham Share Consultants6,263
98Indira Securities6,226
99Lakshmishree Investment5,994
100Fortune Capital Services5,834
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