Top 5 Stock Brokers in India 2023

Created on 21 Apr 2023

Wraps up in 4 Min

Read by 11.8k people

Updated on 10 May 2023

A stock broker is a professional who facilitates the buying and selling of securities on behalf of their clients. They act as intermediaries between buyers and sellers in the financial market. A stock broker is licensed and regulated by the Securities and Exchange Commission (SEC). They work for brokerage firms, and their job is to help clients buy or sell stocks, bonds, and other financial instruments.

In this article, we will include a list of brokers that are popular among investors.

Best Stock Brokers in India

The top stock brokers in India are those that offer competitive rates, good customer service, user-friendly platforms and strong research and analysis tools.

1. Zerodha

Zerodha is a popular Indian financial services company that specialises in online trading and investment solutions. It is one of the fastest-growing brokerage firms in the country and has over half-a-million clients worldwide. With its cutting-edge technology, Zerodha offers a variety of services, including equity trading, mutual funds, forex and commodities.

Zerodha is considered a good stock broker because of the following reasons: 

2. Groww

Groww is reputed to be among the top 20 share brokers with over 1 lakh active customers. Its features are:

3. Angel One

Angel One has been within the top 3 retail broking houses of India since its inauguration in 1987 and has received many awards such as Major Volume Driver by BSE, Equity Broking Award by D&B, Broker with Best Commodity Research by Bloomberg and UTV, Top Performing Members in New Clients Enrollments by NSE and many more.

4. Upstox

Upstox has become a popular discount broker in India, with over 1.6 million monthly active clients, and surpassed ICICI Direct to become the second-largest stockbroker in India after Zerodha by the number of active clients.

5. ICICI Direct

ICICI Direct is the pioneer in online trading in India and was the largest stock broker for over 20 years until 2019. ICICI Direct is part of the renowned ICICI Group and offers a personal relationship manager and local support, providing a smooth and fast online trading experience. 


India's stockbroking industry is highly competitive, with several major players vying for market share. Each brokerage firm has its strengths and weaknesses and caters to a specific customer base. Ultimately, the choice of a stockbroker depends on the individual's investment goals, trading patterns, and knowledge of the market.