The Top 10 Stock Brokers in India with the Highest Active Clients

In the dynamic landscape of Indian stock markets, stockbrokers play a crucial role in facilitating trading activities for investors. With the emergence of online trading platforms and increasing participation from retail investors, the competition among the top 10 stock brokers in India has intensified. 

The Top 10 Stockbrokers in India with Highest Active Clients

1. Zerodha:

Zerodha has revolutionized the Indian brokerage industry with its discount broking model. Founded in 2010 by Nithin Kamath, Zerodha quickly gained popularity for its low-cost trading services and user-friendly platforms. It offers trading in equities, commodities, currencies, derivatives, and mutual funds. With a strong focus on technology and innovation, Zerodha has amassed a large client base, making it the largest stockbroker in India by the number of active clients.

2. Upstox:

Formerly known as RKSV Securities, Upstox is another prominent player in the discount broking space. Established in 2012, Upstox has gained traction among traders and investors for its competitive brokerage rates and advanced trading platforms. The broker offers trading across various segments, including equities, commodities, derivatives, and currencies. With a commitment to providing a seamless trading experience, Upstox has attracted a significant number of active clients.

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3. ICICI Direct:

ICICI Direct, the brokerage arm of ICICI Bank, is one of the leading full-service stockbrokers in India. Launched in 2000, ICICI Direct offers a wide range of investment products and services, including equity trading, derivatives, mutual funds, IPOs, and bonds. With its extensive network, robust research capabilities, and personalized advisory services, ICICI Direct caters to a diverse clientele, ranging from retail investors to HNIs (High Net Worth Individuals).

4. Angel Broking:

Angel Broking is a prominent name in the Indian brokerage industry, known for its comprehensive range of financial products and services. Established in 1987, Angel Broking has a strong presence across the country, serving millions of clients. The broker offers trading in equities, commodities, derivatives, currencies, mutual funds, and IPOs. With its tech-driven approach and customer-centric initiatives, Angel Broking continues to attract a large number of active traders and investors.

5. HDFC Securities:

HDFC Securities is the brokerage arm of HDFC Bank, one of India's largest private sector banks. With a legacy spanning over two decades, HDFC Securities has established itself as a trusted partner for investors seeking quality brokerage services. The broker provides a wide array of investment options, including equities, derivatives, commodities, currencies, mutual funds, and IPOs. Backed by the strength of HDFC Bank's brand and infrastructure, HDFC Securities has a substantial client base across the country.

6. Kotak Securities:

Kotak Securities is a subsidiary of Kotak Mahindra Bank, offering a comprehensive range of financial products and services to retail and institutional clients. Founded in 1994, Kotak Securities is known for its research-driven approach and personalized advisory services. The broker facilitates trading in equities, derivatives, currencies, commodities, mutual funds, and IPOs. With its focus on innovation and customer satisfaction, Kotak Securities has garnered a loyal clientele over the years.

Also Read: https://sugermint.com/top-5-stock-brokers-in-india/

7. Sharekhan:

Sharekhan is one of the oldest and most recognized names in the Indian brokerage industry. Established in 2000, Sharekhan has a vast network of branches and franchise offices, catering to a diverse clientele across the country. The broker offers trading in equities, derivatives, commodities, currencies, mutual funds, and IPOs. With its robust research capabilities, intuitive trading platforms, and extensive customer support, Sharekhan remains a preferred choice for many investors.

8. 5Paisa:

5Paisa is a subsidiary of IIFL (India Infoline) Holdings Limited, offering online discount brokerage services to retail investors. Launched in 2016, 5Paisa has quickly gained popularity for its competitive pricing and user-friendly platforms. The broker provides trading in equities, derivatives, commodities, currencies, mutual funds, and IPOs. With its focus on technology and affordability, 5Paisa has attracted a significant number of active clients in a relatively short span of time.

9. Axis Direct:

Axis Direct is the brokerage arm of Axis Bank, one of India's leading private sector banks. Established in 2005, Axis Direct offers a wide range of investment products and services to its clients. The broker facilitates trading in equities, derivatives, currencies, commodities, mutual funds, and IPOs. With its strong research capabilities, robust trading platforms, and seamless customer experience, Axis Direct has garnered a loyal following among investors.

10. Motilal Oswal:

Motilal Oswal Securities Limited is a well-established name in the Indian financial services industry, offering a comprehensive suite of products and services. Founded in 1987, Motilal Oswal Securities caters to a diverse clientele, including retail investors, HNIs, and institutional clients. The broker provides trading in equities, derivatives, commodities, currencies, mutual funds, and IPOs. With its strong research-driven approach and personalized advisory services, Motilal Oswal Securities continues to be a preferred choice for many investors.

Conclusion

The Indian brokerage industry is characterized by intense competition and rapid technological advancements. Use the Groww brokerage calculator for accurate calculations of brokerage. The top 10 stock brokers mentioned above have distinguished themselves through their innovative offerings, robust infrastructure, and customer-centric approach. As the Indian capital markets continue to evolve, these brokers are expected to play a pivotal role in shaping the investment landscape and empowering millions of investors across the country.