We regularly update the list of top 20 best share brokers in India 2023 every month (latest updated Aug’2023). The list is prepared based on number of active clients in 2023.
Zerodha is the #1 stock broker among all the stock brokers in India. There are only 4 stock brokers who’s active client base is more than 10+ lac and 2 of them are discount brokers and 2 are full service brokers.
Here is the list of top 20 stock brokers who have more than 1 lakhs of active customers.
Top 20 Stock Broking Companies in India 2023
The most popular full services brokers are ICICI Direct, Angel Broking, HDFC Securities, Kotak Securities, and Sharekhan. And the most famous discount stock brokers are Zerodha, Upstox and 5Paisa.
| Rank | Stock Broker | Active Clients | A/C Opening Link | Review |
|---|---|---|---|---|
| 1 | Zerodha | 6,224,309 | Open Account | Zerodha Review |
| 2 | Groww | 5,436,938 | Groww Review | |
| 3 | Angel One | 4,319,684 | Open Account | Angel One Review |
| 4 | ICICIdirect | 2,132,316 | Open Account | ICICIdirect Review |
| 5 | Upstox | 2,115,141 | Open Account | Upstox Review |
| 6 | HDFC Securities | 1,032,178 | HDFC Securities Review | |
| 7 | Kotak Securities | 911,880 | Kotak Securities Review | |
| 8 | Motilal Oswal | 767,223 | Motilal Oswal Review | |
| 9 | Sharekhan | 664,848 | Sharekhan Review | |
| 10 | Paytm Money | 644,125 | Open Account | Paytm Money Review |
| 11 | SBI Securities | 534,818 | SBI Securities Review | |
| 12 | 5paisa | 527,107 | 5paisa Review | |
| 13 | IIFL Securities | 457,305 | IIFL Securities Review | |
| 14 | AxisDirect | 324,833 | AxisDirect Review | |
| 15 | Geojit | 228,810 | Geojit Review | |
| 16 | Choice Broking | 208,406 | Choice Broking Review | |
| 17 | Fyers | 178,230 | Fyers Review | |
| 18 | SMC Global | 148,318 | SMC Global Review | |
| 19 | Alice Blue | 144,177 | Alice Blue Review | |
| 20 | Dhan | 138,922 | Dhan Review |
Our Personal Recommendation
If you are looking for best affordable discount stock brokers, we recommend you to open account with below brokers.
Why Start Investing Journey with Angel One?
Angel One (formerly known as Angel Broking) is one of the largest full-service retail brokers in India offering online discount brokerage services.❯ 25 years of trust (Incorporated in 1987) | 1 Cr+ Happy Customers
❯ Account Opening Charges - ₹0
❯ Brokerage on Equity Delivery - ₹0
❯ AMC (Account Maintenance Charges) for First Year - ₹0
❯ FREE Investing in Direct Mutual Funds through Angel Bee
Start Your Investing Journey Today ❯
➤ What are your waiting for?
1) Zerodha – #1 Discount Stock Brokers in India 2022
2) Upstox – #2 Discount Stock Brokers in India
If you are looking for best affordable full service stock brokers, we recommend you to open account with below brokers.
1) Angel Broking – #1 Full Service Brokers in India 2022
2) ICICI Direct – #2 Full Service Brokers in India
