A list of top share brokers in India 2022 by the number of the active clients. Zerodha is the top most stock broker among all the brokers in India since 2009. Zerodha is followed by Upstox, Angel Broking, ICICIdirect, motilal ostwal and Groww.
There are 8 top stock brokers who have over 1 lakhs of active customers. The year wise list of top stock brokers in India also provides detail about the latest number of active clients with the broker. Find the top online broker rankings 2022 below:
| Rank | Broker Name | Ratings |
| 1 | Zerodha | 9.36 / 10 |
| 2 | Angel One | 9.18 / 10 |
| 3 | Kotak Securities | 9.16 / 10 |
| 4 | Upstox | 9.15 / 10 |
| 5 | Groww | 9.03 / 10 |
| 6 | ICICI Direct | 9.00 / 10 |
| 7 | 5paisa | 8.86 / 10 |
| 8 | Motilal Oswal | 8.82 / 10 |
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 100’s 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 Broking and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.
Best Stock Broker in India having most Active Clients in 2022
| Active Clients | |
| Zerodha | 57,43,514 |
| Upstox | 44,65,353 |
| Angel One | 29,31,712 |
| ICICI Direct | 27,16,172 |
| Groww | 25,82,296 |
| 5Paisa | 13,48,997 |
| HDFC Securities | 11,35,477 |
| Kotak Securities | 11,18,318 |
| Sharekhan | 8,28,644 |
| Motilal Oswal | 8,20,790 |
List of 7 Best Brokers in India 2022
1. Zerodha Broking Limited
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Zerodha is largely known for introducing the concept of discount broking in 2010. Backed by latest technology, great trading tools and three-way trading platform also considered as best trading platform in India, it is the largest discount broker and best broker for trading in India.
Zerodha is considered as one of the top 10 stock brokers in India because they offer some great features like low brokerage, great exposure and 100% web-based broker. Zerodha is principally known as the best discount broker and 3rd largest stock broker in India.
2. Upstox (RKSV)
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Another big name in the field of discount broking is Upstox, You can find the list of top brokers in India here. The Best share broker in India offers cutting-edge tools to free trade option and value-centric education also.
Upstox is best broker for trading. There is free brokerage on equity delivery trading and trading in Equity, F&O & Equity Intra Day. An investor can trade on Commodities and Currency Derivates at just Rs. 20 per order.
3. 5 Paisa
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5 Paisa allows trading across Equity, F&O and Currency on NSE and BSE at a discount brokerage of Rs. 10 per executed order. 5 Paisa recently announced Zero Account Maintenance Charge. Now you need not pay any demat account maintenance charge (AMC).
4. Angel Broking
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Angel Broking is a top-rated full-service brokerage houses & one of the best stock broker in India and has been operating since 1987. It boasts of modern and user-centric trading platforms along with expert advisory service to its customers.
The Angel Group is a official member of the Bombay Stock Exchange, National Stock Exchange and two commodity exchanges- the NCDEX and MCX. It is also registered as a Depository participant with CDSL.
5. ShareKhan
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Sharekhan is one of the biggest full-service broking houses based out of Mumbai with more than 1.4 million clients. Sharekhan is widely regarded as top 10 stock brokers in India.
It has branches & franchises in over 550 cities across India. They deliver quality brokerage services through their web-based trading website and over 1800 offices. The brand also enjoys international presence in the Oman and UAE countries.
6. Edelweiss
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Edelweiss was started in 1995. Since then they have emerged out as a company worth INR 32,000 Crore with more than 6000 employees working in various divisions. They have also acquired some major businesses like Anagram Capital, Forefront & recently JP Morgan AMC (India).
7. Motilal Oswal
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Motilal Oswal is a financial services firm with a range of products and services such as Retail Broking and Distribution, Private Wealth Management, Institutional Broking, Asset Management, Private Equity, Commodity Brokering & Investment Banking.
Find the List of all Top Brokers in India
Best Brokers in India for Small Investors
Small investors hesitate to invest their money in the stock market. In comparison to big traders, they are more concerned about brokerage and trading costs.
But on this stock brokers’ comparison, we found some best suiting-option for small investors.
If you don’t have ample capital available for investment, then Groww, Zerodha, and Angel One are unarguably the best options for you.
Groww and Angel One are advisable in the mainstream because account opening is free on both apps.
Being a small investor, you also have other alternatives available such as Upstox and IIFL. But account opening may or may not be free, so make sure you check this out first.
Top 4 Stock Brokers in India for IPO Investment
IPO investment is one of the most lucrative practices of the financial market. You can multiply your investment by a big digit within a week or month by becoming a part of IPOs.
And luckily, some of the best online brokers make IPO Investment easy for you.
Angel One, Zerodha, Upstox and Motilal Oswal is currently popular names allowing you to invest in IPOs at your fingertips. Daily a new IPO makes headlines in the market.
Best Brokers in India for Mutual Fund Investment
Online stock brokers make MF investment easier for their clients. Mainly Groww and Zerodha make investing in MF much effortless by attaching SIPs.
Angel One, Upstox, and HDFC Securities are the second most common alternatives when it comes to mutual fund investing.
These brokers keep their charges minimal and ensure you make most of your MF plan. And the best thing is, you can withdraw and change your MF plan, any time, on one call.
But make sure you know the terms and conditions before investing; few brokers may charge high for their MF plan, so make a wise decision.
Why Choose Angel One?
Angel One is yet to be approved by SEBI, which is most likely to happen soon as the broker is already a member of BSE, NSE, and MCX and in business since 1987.
In terms of technical features and responsiveness of the trading platform, the brand achieves a better rank.
Why Choose Kotak Securities?
Brokerage charges are low in Kotak Securities, and intraday is almost free, while other trading segments are a bit costly.
If you are an intraday trader, you can tap into Kotak Securities and access the financial facilities offered by the parent company.
Why Choose Upstox?
Upstox is an emerging name on trading landscapes for its coolest range of features more satisfying in futures, options, and day trading.
The broker gets regulated by SEBI, BSE, NSE, MCX, and CDSL, making it a trusted option. Technically the broker is performing great.