The Best Stock Brokers from the Entire Stock Broking Community in India

In the current year (2020) there has been an increase of almost 22.5% in DEMAT accounts. Yet out of the entire 130 billion population there are only 40 million people involved in trading. These 40 million accounts are handled by 225 registered brokers. Hence the average account holding per broker in India would be approximately 16 lacs or more.

The broking companies in India are diversified in full time or traditional brokers, banking broker, financial institutional brokers or discount brokers.

TOP 10 STOCK BROKERS IN INDIA ARE LISTED BELOW :-

• ZERODHA - 24.7 LACS CLIENTS

• ICICI SECURITIES PVT. LTD. - 12.3 LACS CLIENTS

• UPSTOX - 11.2 LACS CLIENTS

• ANGEL BROKING - 9.5 LACS CLIENTS

• HDFC SECURITIES LTD. - 7.9 LACS CLIENTS

• KOTAK SECURITIES LTD. - 6.8 LACS CLIENTS

• 5 PAISA - 6.5 LACS CLIENTS

• SHAREKHAN LTD. - 5.8 LACS CLIENTS

• MOTILAL OSWAL - 4.4 LACS CLIENTS

• AXIS SECURITIES - 3.2 LACS CLIENTS

In the broking industry the ranking is provided on the basis of an active client base along with the back office and online services. Zerodha ranks first with the highest active client base and online platform KITE and many other applications associated with a single DEMAT account for multiple financial areas (STREAK, COIN, VARSITY, PULSE).

ICICI securities ranks second with 12.3 lacs customers. It has a great financial advisory team and being a banking broker it also provides FD, loans, E-locker, bonds, MF etc.

Upstox has two types of accounts one which is a basic plan and another one being premium plan. While registering with Upstox, a person gets free moneycontrol pro access for a year, Stock edge premium usage for 3 months and E-learning on Financial markets for 6 months with a credit brokerage time period for 1 month.

Others have the same set of facilities provided to their customers depending on the mode of their operation whether it is online or offline or both.