The greatest names in the Indian stock market have been nominated for the list of top 10 stock brokers in India. Some candidates of top famous Indian stock brokers might have traditional brokers but they have served for years to their customers.
1. Zerodha Broking Limited – Top Indian Stock Brokers
Zerodha is a Bangalore based stock broker founded in 2010 by Mr. Nitin Kamath. It was the 1st stock broker who introduced per trade brokerage in India.
Zerodha introduced trading platforms such as Kite web, Kite mobile, Zerodha PI, Kite connect API for his traders and investors. Zerodha also introduced varsity, the complete learning web application that guides basic fundamentals to advanced derivatives trades in the stock market. Zerodha offers COIN to invest in mutual funds.
They charge a brokerage of Rs 20 per trade irrespective of trade value or trade quantity.
Zerodha is India’s No.1 stock broker with 2720797 happy customers. Read full review.
Upstox is a stock broking brand by RKSV Securities India Private Limited. It was founded by Mr. Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath in 2011. Upstox is backed by Mr. Ratan Tata, Kalaari Capital, and Tiger Global Management.
Upstox is a Mumbai based discount stock broker. It is famous for its lowest brokerage charges of Rs 20 per trade and it’s mobile trading app “Upstox Pro”
It is the 2nd largest stock broker in India with 1544002 customers. Read full review.
3. ICICI Securities Limited – Best Top 10 Stock Brokers In India.
ICICI Securities Limited is a broking brand by ICICI banking services in India. Due to its high brand value, ICICI Securities charges high brokerage to its customers.
ICICI offers a 3-in-1 account – Saving, Trading, and Demat. ICICI Securities gives Trade Racer trading terminal, icicidirect.com web platform, and ICICI Direct mobile app to its traders.
4. Angel Broking Limited – Top 10 Stock Brokers In India
Angel Broking Limited is a well-known full-service stock broker in India. It was established in 1987 and it has a presence in more than 1000 cities in India.
Recently it was entered into discount brokerage with Rs 20 per trade. They offer Angel Broking Trade, Angel Broking Mobile App, and Angel Speed Pro for trading to its customers.
Angel Broking Limited has 1123476 active customers under its belt.
5. HDFC Securities Limited – Top Ten Stock Brokers In India
HDFC Securities is a Stock Broking company of HDFC Bank Ltd. HDFC Securities provides both Online and Offline trading.
HDFC Securities also offers a 3-in-1 account including Saving, Trading & Demat account.
6. 5Paisa Capital Limited – Top Indian Stock Broker
5paisa is a Mumbai based leading discount stock broker backed by India Infoline. It is the first discount stock broker got listed on NSE and BSE.
5Paisa offer trading through web-based trading platform Trade Station and 5Paisa mobile app.
As per NSE’s fresh data, 5Paisa has 757438 active traders.
7. Kotak Securities Limited – Popular Indian Stock Brokers
Kotak Securities is one more bank based stock broker that offers a 3-in-1 account facility with Saving, Trading, and Demat account. Kotak Securities enjoys a good amount of brand name through its banking services. This brand name helps high scale customer acquisition at a very low cost. They have 1200+ branches in India.
8. Sharekhan Limited – Top 10 Stock Brokers In India
Sharekhan is India’s 5th largest full-service stock broker after ICICI Securities, HDFC Securities, Angel Broking Ltd., and Kotak Securities. Recently it was sold out to BNP Paribas for Rs 2200 cr.
Sharekhan is one of the oldest stock brokers in India for offering online trading services.
Sharekhan is also known for its trading platform Trade Tiger. Trade Tiger is one of the most high-tech and user-friendly trading platform in India.
9. Motilal Oswal Financial Services Limited – Famous Top Ten Stock Brokers
Motilal Oswal is a well known name in the Indian stock broking industry. They are one of the oldest stock brokers in India with an establishment in 1987. They are majorly into institutional trading but also provide retail stock broking services as well.
Currently, they have 476352 active traders with NSE. Read full review.
10. Axis Securities Limited – Top Indian Share Brokers
Axis Securities Limited is an Axis Bank grouped company. Axis Securities offers a percent based plan to its customers through its Axis Direct brand.
Just like other full-service stock brokers Axis Direct offers multiple investment instruments like Equities, Derivatives, Mutual Funds, Bonds, ETF, etc.
Axis Securities successfully counted amongst the top 10 stock brokers in India with 400193 active clients.
A few words before ending Top 10 Stock Brokers In India
Thank you for reading the above section. We have tried our best to give you a summary introduction of Top 10 Stock Brokers in India. Kindly refer to our broker comparison section to select the right broker. All the best.