Top 20 Best Stock Brokers in India 2024 (Review & Comparison)

We regularly update the list of top 20 best share brokers in India 2024 every month (latest updated Jan’2024). The list is prepared based on number of active clients in 2024.

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 2024

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.

RankStock BrokerActive ClientsA/C Opening LinkReview
1Zerodha6,224,309Open AccountZerodha Review
2Groww5,436,938Groww Review
3Angel One4,319,684Open AccountAngel One Review
4ICICIdirect2,132,316Open AccountICICIdirect Review
5Upstox2,115,141Open AccountUpstox Review
6HDFC Securities1,032,178HDFC Securities Review
7Kotak Securities911,880Kotak Securities Review
8Motilal Oswal767,223Motilal Oswal Review
9Sharekhan664,848Sharekhan Review
10Paytm Money644,125Open AccountPaytm Money Review
11SBI Securities534,818SBI Securities Review
125paisa527,1075paisa Review
13IIFL Securities457,305IIFL Securities Review
14AxisDirect324,833AxisDirect Review
15Geojit228,810Geojit Review
16Choice Broking208,406Choice Broking Review
17Fyers178,230Fyers Review
18SMC Global148,318SMC Global Review
19Alice Blue144,177Alice Blue Review
20Dhan138,922Dhan Review

Our Personal Recommendation

If you are looking for best affordable discount stock brokers, we recommend you to open account with below brokers.

This 3-Steps Process Will Make You Financially Free!

1) Zerodha – #1 Discount Stock Brokers in India 2022

2) Upstox – #2 Discount Stock Brokers in India

Angel One Refer and Earn Program

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

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Disclosure: The information provided on this page is for educational purposes only. and it's associates do not offer any advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Please read this disclosure for more info.

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About the Author: Editorial Staff

At, our Editorial Staff consists a team of highly experienced experts who specialize in a wide range of topics. We offer valuable insights and advice on a wide range of topics, including the Stock Market, Mutual Funds, Stock Brokers, Personal Finance, Credit Cards, as well as strategies for earning and saving money.

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