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Top 10 Stock Brokers in India

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In past few years or so there is an insurgence of new investors in the Indian stock market, investors are pouring money into market and have been benefitting from it. While there is a prevalent belief that stock market investments are riskier than other investment options, the fast rise of the Indian stock market has enticed many to make stock market investments. 

Top 10 Stock Brokers in India

Though some might argue that stock market is not for everyone, there are institutions and service providers who have taken upon themselves to make trading and investments easier, even for a novice. These are known as Stock Brokers – Agents that are competent and certified to invest in the securities market are commonly known to the Stockbrokers.

They usually operate as brokers between buyers and sellers of stocks and charge a fee for their services. Apart from the rates of the services, the amount and quality of their features differentiates the best from the rest.

Here is a list of Top 10 stock brokers in India, for you to choose from, if you have not already done so.


India’s No. 1 stockbroker is Zerodha. It is the biggest and most successful online discount brokerage firm, including offerings in equities, currency, commodities, initial public offerings, and direct mutual funds. By active clients, market volume, and new customer acquisition, it is the top stockbroker. 


Upstox is another well-known name on the list of stock brokers. It is one of the country’s fastest growing stock traders, and is often favoured by big volume traders looking for high margins, affordable commissions, and cutting-edge trading systems. Upstox’s brokerage is similar to Zerodha’s with the exception in delivery segment where no brokerage is charged.

ICICI Direct

ICICI Direct is a renowned division of ICICI Securities, which is part of the ICICI group. It provides a wide range of investing options such as equities, mutual funds, and bonds, and its ease of operation and prompt customer support makes its reliable stock broker. ICICI Direct provides minimal brokerage rates to traders for an additional fee and subject to certain criteria.


Groww is a relatively new stock market participant but still have managed to earn huge number of client base i.e., around 3 million. They provides investments in equities, mutual funds, gold, and fixed deposits. They provide free equity delivery and little brokerage, and they now provide free yearly maintenance. 

Angel Broking

Angel Broking, which was founded in 1987, which makes it one of the oldest and respectable name in the stock broking sector, primarily for its innovative trading platforms and results-driven research and consulting services. Angel Broking provides a flat 20% discount on all forms of online purchases.

Kotak Securities

Like Angel Broking, Kotak Securities is a full-service broker, which was founded, in the mid-90s, founded in 1994, is a full-service broking services. They have a large customer base of 1-1.2 million people. 


Sharekhan, one of the leading stock brokers in India, currently has over 12 lakh clients. The stockbroking business, which was founded in the year 2000, has seen phenomenal growth in popularity. Sharekhan’s brokerage fees are slightly more than those of other full-service brokers, but its products and services receives positive feedback from its clients.

IIFL Securities

In operations since1996, the India Infoline, IIFL, comes next on the list of top 10 stock brokers in India. It is one of India’s leading stock brokers that trade with IIFL can do so in equities, derivatives, IPOs, and insurance. IIFL has a flat-rate brokerage option that includes no-fee equity delivery trading. 

Motilal Oswal Securities Limited

Motilal Oswal Securities Limited (MOSL) began as a small sub-broking business in 1987. It has grown to become one of India’s top 10 stock brokers as a consequence of its aggressive expansion strategies. Motilal Oswal Securities’ advice is based on extensive study and spends about 10% of their revenue on stock research.

HDFC Securities

HDFC Securities is one of India’s leading trading platforms, offering consumers fast and low-cost trading alternatives. HDFC Securities is primarily an equities trading firm that also offers services such as day trading on both the NSE and the BSE, cash-n-carry trading on both the NSE and the BSE, trading on futures or options on the NSE, and online IPO investments.

In India, several more stockbrokers offer a wide range of investment strategy services to its clients. The choice of a stockbroker is influenced by a variety of factors such as commission, online trading experience, portfolio management, client relations, account opening procedures, and so on.

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