Indian stock market has become the 4th largest market in terms of market capitalization, ahead of Hong Kong, Canada, France, and the United Kingdom. Active clients are rapidly increasing day by day in the Indian stock market. In this article, we have published a list of 25+ top share brokers in India 2026.
Groww is the No. 1 discount broker in India 2026 followed by Zerodha, Angel One, Upstox and ICICI Direct.
Angel One is the No. 1 full-service broker in India 2026, providing the services and value of both discount and full-service brokers. You get research reports, advisory services and many more benefits.
You can check out the list of top 25+ stock brokers in India 2026.
| Rank | Broker Name | Active Clients | Account Opening Link |
|---|---|---|---|
| 1 | Groww | 13,011,867 | — |
| 2 | Zerodha | 7,957,128 | — |
| 3 | Angel One | 7,649,188 | Open Free Account |
| 4 | Upstox | 2,789,896 | Open Free Account |
| 5 | ICICIdirect | 1,938,192 | — |
| 6 | Kotak Securities | 1,491,998 | — |
| 7 | HDFC Securities | 1,488,982 | — |
| 8 | Motilal Oswal | 1,019,877 | — |
| 9 | SBI Securities | 982,704 | — |
| 10 | Dhan | 967,410 | — |
| 11 | INDmoney | 828,966 | — |
| 12 | Sharekhan | 674,378 | — |
| 13 | Paytm Money | 662,797 | — |
| 14 | m.Stock | 528,953 | — |
| 15 | IIFL Securities | 449,886 | — |
| 16 | 5paisa | 438,280 | — |
| 17 | AxisDirect | 423,767 | — |
| 18 | Phonepe | 349,993 | — |
| 19 | Geojit Financial | 248,888 | — |
| 20 | Fyers | 243,923 | — |
| 21 | Choice Broking | 238,276 | — |
| 22 | SMC Global | 181,423 | — |
| 23 | Nuvama | 168,119 | — |
| 24 | Finvasia | 160,411 | — |
| 25 | Nirmal Bang | 150,898 | — |
🔥 FAQs – Top Share Brokers in India 2026
Groww is the No. 1 share broker in India in 2025-2026, with over 13,011,867 active clients.
Groww has the highest number of active clients in India as per NSE data for the financial year 2025-2026.
Groww, Zerodha, Angel One are considered the best discount brokers in India due to low brokerage charges and user-friendly trading platforms.
For beginners, brokers like Groww and Zerodha are ideal due to easy account opening, zero delivery brokerage and simple mobile apps.
Yes, it is safe to open a demat account with SEBI-registered stock brokers in India. All top brokers operate under strict SEBI regulations and follow secure KYC and data protection standards.