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| Broker | Clients | Client Share | Review | Request Callback |
|---|---|---|---|---|
| Prostocks | Best broker offering Monthly Plan @899 | . | . | Open Account  |
| Groww | 67,63,979 | 19.95% | | Open Account |
| Zerodha | 64,75,590 | 19.10% | | Open Account |
| Angel One | 49,14,984 | 14.50% | | Open Account |
| Upstox | 21,85,813 | 6.45% | | Open Account |
| ICICIDirect | 18,73,360 | 5.52% | | Open Account |
| Kotak Securities | 10,24,431 | 3.02% | | Open Account |
Zerodha Trade@20Want to start your investment journey, join India’s number one online broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account | ||||
| HDFC Sky | 9,94,904 | 2.93% | | Open Account |
| Motilal Oswal | 7,91,821 | 2.56% | | Open Account |
| SBICAP Securities | 7,16,746 | 2.11% | | Open Account |
| Paytm Money | 7,13,918 | 2.11% | | Open Account |
In terms of active clientele base, Groww has the highest customer base but we still recommend Zerodha as the top-ranked stock broker. Here are the reasons;
Whether you are a beginner or experienced trader/ investor, Zerodha is the right broker for you with significant customer base, Rs 20 flat brokerage model, user-friendly and feature-rich kite trading platform, and free mutual fund investment.
Beginners who want to kickstart their journey in stock market with mutual funds can also choose Groww as the preferred broker.
Other most popular brokers in the list include ProStocks, Angel One, and Upstox. However, ICICI Direct and HDFC Sky are the best broker for you, if you are looking to access full service brokers’ research & advisory services.
Zerodha is the best stock broker in India in terms of the total active user base of 60 Lakh and an 18% market share. It is India's most preferred brokerage firm due to the following facts;
Upstox has emerged as one of the top discount brokers in India after Zerodha for retail traders and investors. The broker charges Rs. 20 brokerage on equity delivery, intraday, F&O, commodity, and currency segments regardless of the trade value. Upstox Pro (web and mobile app) is one of the best platforms for online trading with a host of unique features such as instant fund transfer, advanced charting, 10+ years of historical data, guest login, and other features.
Although Upstox does not offer free delivery trading but allows zero brokerage investment in direct mutual funds. Upstox customers can also invest in 24K digital gold and global investment in 60+ exchanges across the world.
Zerodha Broking Ltd, founded in 2010, and today, it is the largest stockbroker in India with 60 lakh clients on BSE and NSE platforms. It is pioneering the flat brokerage pricing model and its Rs. 20 Max brokerage plan enables the broker to become the largest brokerage firm in India. After Zerodha, many other brokers such as Upstox, 5Paisa, Groww, and even full-service brokers like Edelweiss have launched their flat brokerage model.
Zerodha is a CDSL depository participant, and in any circumstances, if the broker shuts down, then investment in stocks remains safe. It is because; your investment is with CDSL and NSDL DP, and in case of bankruptcy, customers can open a new trading account with another broker and get their shares back through linking to the CDSL Demat account. Thus, customers don't need to be worried about the broker's business shut down or failure.
Groww has the highest customer base which is serving over 65 lakh customers. In terms of active user base, Groww even overtook Zerodha and ranked as the top broker with the maximum customers.
Groww stepped in into the discount brokerage space in 2016 and within a short span of time, it has managed to surpass zerodha and became the largest brokerage in terms of active customers.
