A real list of top stock brokers in India 2024 by number of active clients in 2024. Groww is the top stock broker among all brokers in India. Groww is followed by Zerodha, Angel One, Upstox, and ICICIdirect.
There are 20 top stock brokers who have more than 1 lakh active clients. The list of top stock brokers in India, ranked by year, also provides information about the current number of active clients with the brokers. Here is the ranking of top online brokers 2024
Top 20 Share Brokers in India 2024
| Rank | Broker | Active Clients | Request Callback |
|---|---|---|---|
| 1 | Groww | 11,882,869 | Open Account |
| 2 | Zerodha | 9,245,658 | Open Account |
| 3 | Angel One | 6,573,204 | Open Account |
| 4 | Upstox | 4,329,105 | Open Account |
| 5 | ICICI Direct | 2,142,989 | Open Account |
| 6 | HDFC Securities | 1,954,732 | Open Account |
| 7 | Kotak Securities | 1,745,000 | Open Account |
| 8 | Sharekhan | 1,289,456 | Open Account |
| 9 | Motilal Oswal | 964,832 | Open Account |
| 10 | 5Paisa | 812,479 | Open Account |
Broker vs Active clients
Share brokers are authorized members of the stock exchanges (i.e. BSE, NSE). They execute trades on behalf of the customers at the exchange. There are 100s of registered stock brokers in India offering stock trading to retail customers. At high-level, the most famous stock brokers in India are categories in 2 types:
- Full-services brokers
- Discount Stock Brokers
Full-service brokers offer a wide range of services including stock trading, research and advisory and local support. Discount stock brokers are online brokers specialized only in stock and commodity trading services. They do not offer add-ons like research and advisory, PMS, wealth management and branch support. The most popular stock brokers in the full-service category include ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel One and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.
Note:
- The data for this report is compiled from BSE and NSE stock exchanges.
- The best broker ranking is updated every month.
- Click on the broker name to read broker review.