Top Ten Stock Broker in India.
Before starting your journey towards the Stock Market, you should know and compare the top brokers. As a fresher, you may face some difficulties in case of choosing which one is the best.
So here we collected some data with overall ratings and listed the top ten brokers in India.
Zerodha is the largest Retail Stock Broker in India and known as India's first discount broker. Founded in 2010; it has more than 15 lakhs clients all over India, contributing over 15% of all Indian retail Trading systems.
Founded in 1987, the company has more than 8500 sub-broker and franchisee outlets in 900+ cities across India. Its Trading app has been incorporated with ARQ, the machine learning technology based on advanced nature-based algorithms, quantitative analysis and the Nobel-prize winning Modern Portfolio theory. International Finance Corporation, an arm of World Bank bought an 18% stake in Angel Broking. It has won more than 9 awards until now.
Rating-8.60/10
Founded in 1987, one of the oldest brokerage firms in India. Solid research is the foundation of Motilal Oswal Securities. It has a network of more than 1 million customers and spread over 450 cities. Moreover, Motilal Oswal along with few other top brokers has been accused of various irregularities on NSEL such as KYC manipulation, client code modification, Benami transactions & infusion of black money through their NBFCs on the Exchange platform.
4)Sharekhan
Rating-8.5/10
Founded in 2000, Sharekhan is one of the pioneers of online trading in India. It is the third-largest retail brokerage in terms of the customer base. It has over 153 branches with a customer base of more than 1.4 million and an average of 4 lakh trades per day. It is now a fully owned subsidiary of BNP Paribas, a French international banking group and the 8th largest bank by total assets.
5)India Infoline
Rating-8.46/10
IIFL was founded in 1995 as Probity Research and Services Private Limited, later the name was changed to India Infoline Limited. During the dotcom bubble in 2001, it tied up with leading life insurance company ICICI Prudential and became India's first corporate agent for insurance. It has a consolidated net worth of over INR 45 billion and Globally presence in UAE, UK, USA, Singapore, Hong Kong, Singapore, Switzerland, Mauritius, and Canada. It serves more than 2.11 lakhs customers across 900+ cities in India through its various business segments.
IIFL has set up 5paisa, a discount brokerage arm in Thane.
6)Indiabulls Ventures Shubh
Rating-8.46/10
Indiabulls Ventures is a part of the Indiabulls group which was originally incorporated in India in 1995. Indiabulls Group is a leading business house with interest in Housing Finance, Real Estate, Securities, Personal financing and construction equipment. It has more than 6 lakhs healthy client base with investment solutions across asset classes with a team of more than 900 members in 18+ cities in India. It was the first company to be assigned the BQ-1 grading by Crisil which is the highest Broker quality grading.
7)ICICI Direct
Rating-8.44/10
Incorporated in 1995 ICICI securities is a subsidiary of ICICI Bank Ltd. It has more than 42 lakhs operational accounts controlled by more than 200 of its own ICICI securities network, 2600 Branches of ICICI bank & 5400+ sub-broker.
ICICI Securities Inc.- the US subsidiary wholly-owned by ICICI securities Ltd and it deals in securities and advisory services in the United States. It is also registered with the Monetary Authority of Singapore and operates a branch office in Singapore.
8)Edelweiss
Rating-8.44/10
Incorporated in 2008, it is a subsidiary of Mumbai based Edelweiss Group which is one of India's leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions, and individuals. Edelweiss has been rated as the "Best Broker" in India in the "Finance Asia(Hong Kong)Country Award, 2016"
It acquired Anagram Capital, JP Morgan AMC(India) & Forefront Capital.
9)HDFC Securities
Rating-8.42/10
10)5Paisa
Rating-8.38/10
Thank You.
Happy Investing.
1)Zerodha
Rating-9.14/10Zerodha is the largest Retail Stock Broker in India and known as India's first discount broker. Founded in 2010; it has more than 15 lakhs clients all over India, contributing over 15% of all Indian retail Trading systems.
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| Pic-Zerodha |
2)Angel Broking
Rating-8.88/10Founded in 1987, the company has more than 8500 sub-broker and franchisee outlets in 900+ cities across India. Its Trading app has been incorporated with ARQ, the machine learning technology based on advanced nature-based algorithms, quantitative analysis and the Nobel-prize winning Modern Portfolio theory. International Finance Corporation, an arm of World Bank bought an 18% stake in Angel Broking. It has won more than 9 awards until now.
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| Pic-Angel Broking |
3)Motilal Oswal
Rating-8.60/10Founded in 1987, one of the oldest brokerage firms in India. Solid research is the foundation of Motilal Oswal Securities. It has a network of more than 1 million customers and spread over 450 cities. Moreover, Motilal Oswal along with few other top brokers has been accused of various irregularities on NSEL such as KYC manipulation, client code modification, Benami transactions & infusion of black money through their NBFCs on the Exchange platform.
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| Pic-Motilal Oswal |
4)Sharekhan
Rating-8.5/10
Founded in 2000, Sharekhan is one of the pioneers of online trading in India. It is the third-largest retail brokerage in terms of the customer base. It has over 153 branches with a customer base of more than 1.4 million and an average of 4 lakh trades per day. It is now a fully owned subsidiary of BNP Paribas, a French international banking group and the 8th largest bank by total assets.
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| Pic-Sharekhan |
5)India Infoline
Rating-8.46/10
IIFL was founded in 1995 as Probity Research and Services Private Limited, later the name was changed to India Infoline Limited. During the dotcom bubble in 2001, it tied up with leading life insurance company ICICI Prudential and became India's first corporate agent for insurance. It has a consolidated net worth of over INR 45 billion and Globally presence in UAE, UK, USA, Singapore, Hong Kong, Singapore, Switzerland, Mauritius, and Canada. It serves more than 2.11 lakhs customers across 900+ cities in India through its various business segments.
IIFL has set up 5paisa, a discount brokerage arm in Thane.
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| Pic- IIFL |
6)Indiabulls Ventures Shubh
Rating-8.46/10
Indiabulls Ventures is a part of the Indiabulls group which was originally incorporated in India in 1995. Indiabulls Group is a leading business house with interest in Housing Finance, Real Estate, Securities, Personal financing and construction equipment. It has more than 6 lakhs healthy client base with investment solutions across asset classes with a team of more than 900 members in 18+ cities in India. It was the first company to be assigned the BQ-1 grading by Crisil which is the highest Broker quality grading.
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| Pic-Indiabulls Ventures |
7)ICICI Direct
Rating-8.44/10
Incorporated in 1995 ICICI securities is a subsidiary of ICICI Bank Ltd. It has more than 42 lakhs operational accounts controlled by more than 200 of its own ICICI securities network, 2600 Branches of ICICI bank & 5400+ sub-broker.
ICICI Securities Inc.- the US subsidiary wholly-owned by ICICI securities Ltd and it deals in securities and advisory services in the United States. It is also registered with the Monetary Authority of Singapore and operates a branch office in Singapore.
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| Pic- ICICI direct |
8)Edelweiss
Rating-8.44/10
Incorporated in 2008, it is a subsidiary of Mumbai based Edelweiss Group which is one of India's leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions, and individuals. Edelweiss has been rated as the "Best Broker" in India in the "Finance Asia(Hong Kong)Country Award, 2016"
It acquired Anagram Capital, JP Morgan AMC(India) & Forefront Capital.
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| Pic-Edelweiss |
9)HDFC Securities
Rating-8.42/10
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| Pic-HDFC Securities |
10)5Paisa
Rating-8.38/10
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| Pic-5Paisa |
Thank You.
Happy Investing.
