Here is a list of top 10 stock brokers in India and their ratings. The list is rank-based, number 1 being the most liked and number 10 the least.
| Rank | Brokers | Rating |
| 1 | Zerodha | 9.14 / 10 |
| 2 | Angel Broking | 8.88 / 10 |
| 3 | IIFL / India Infoline | 8.74 / 10 |
| 4 | Motilal Oswal | 8.60 / 10 |
| 5 | Sharekhan | 8.50 / 10 |
| 6 | Upstox | 8.48 / 10 |
| 7 | ICICI Direct | 8.44 / 10 |
| 8 | Edelweiss | 8.44 / 10 |
| 9 | HDFC Securities | 8.42 / 10 |
| 10 | 5Paisa | 8.38 / 10 |
There is ‘n’ number of factors based on which one can decide which are the top 10 brokerage firms in India. We believe that customer is the king and therefore we will be ranking these brokers based on their client base. Let’s see which brokers have the highest number of customers henceforth making them the ultimate choice by the people.
| Serial Number | Brokers | No. of Clients | % of Market Share |
|---|---|---|---|
| 1 | ZERODHA BROKING LIMITED | 2303799 | 17.09% |
| 2 | ICICI SECURITIES LIMITED | 1165887 | 8.65% |
| 3 | RKSV SECURITIES INDIA PRIVATE LIMITED | 1011117 | 7.50% |
| 4 | ANGEL BROKING LIMITED | 933128 | 6.92% |
| 5 | HDFC SECURITIES LTD. | 786415 | 5.83% |
| 6 | KOTAK SECURITIES LTD. | 675620 | 5.01% |
| 7 | 5PAISA CAPITAL LIMITED | 631514 | 4.69% |
| 8 | SHAREKHAN LTD. | 587121 | 4.36% |
| 9 | MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 438536 | 3.25% |
| 10 | AXIS SECURITIES LIMITED | 318849 | 2.37% |
| 11 | SBICAP SECURITIES LIMITED | 280320 | 2.08% |
| 12 | IIFL SECURITIES LIMITED | 243034 | 1.80% |
| 13 | GEOJIT FINANCIAL SERVICES LIMITED | 175533 | 1.30% |
| 14 | NEXTBILLION TECHNOLOGY PRIVATE LIMITED | 168048 | 1.25% |
| 15 | KARVY STOCK BROKING LTD. | 154376 | 1.15% |
Note that the number of dynamic customers of all stockbrokers is 1,34,78,848 (1.34 Cr) as of Aug 2020, referenced on the NSE India site.
From the above table, you can easily see that Zerodha is the stockbroker with the highest number of customers as per mentioned on the National stock exchange of India.
As of August 2020, Zerodha establishes around 17.09% of the all out piece of the pie of the dynamic customers enrolled on the National Stock Exchange. It has more than 23 lakh dynamic clients contrasted with an aggregate of over 1.34 Crore dynamic customers of all stockbrokers on the NSE.
The list is interesting also due to the reason that Zerodha was simply established in 2010 and still has had the option to outclass all the old and very much developed conventional dealers. It is the lone specialist with a markdown financier plan of action in the main ten rundowns. At any rate, Angel broking has likewise begun a comparative markdown financier model as of late, alongside its full-administration model.
As per the above table, Zerodha is firmly trailed by ICICI protections, which positions second and has over 11.16 lakhs interesting customers.
The other most unmistakable stockbrokers in this rundown are Upstox otherwise known as RKSV Securities (10.1 Lakh Clients), Angel Broking (9.33 lakh customers), HDFC Securities (7.86 Lakh customers), Kotak Securities (6.75 lakh customers), 5Paisa (6.31 lakh customers), Sharekhan (5.87 lakh customers), Motilal Oswal Group (4.38 lakh customers) and Axis Securities (3.18 lakh customers). Together these 15 greatest stockbrokers establish over 73.25% of the all out portion of the exceptional customers enrolled on NSE.
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Disclaimer: Views expressed on MoneySymphony.com are just an expression of thoughts. To no extend we are or should be held liable for any losses or conflicts. MoneySymphony.com suggest users take advise from certified experts before taking any actions or investment decisions. User actions may carry risk. All decisions remain the sole responsibility of the individual only.