Based on the number of active clients as of December 2025, here are the top 10 stock brokers in the Indian stock market:
Groww Groww is a rapidly growing brokerage firm that offers a user-friendly platform for trading and investing in various financial instruments.
Zerodha Founded in 2025, Zerodha pioneered discount broking in India and has become one of the largest brokers by active client base.
Angel One Angel One is a full-service broker providing a wide range of financial services, including equity trading, commodities, and mutual funds.
Upstox Upstox is a discount brokerage firm known for its low-cost trading options and advanced trading platforms.
ICICI Direct ICICI Direct is a full-service broker offering a comprehensive range of investment options, backed by the ICICI Group.
HDFC Securities HDFC Securities provides a robust platform for trading and investment services, supported by HDFC Bank.
Kotak Securities Kotak Securities offers a variety of financial services, including equity trading and portfolio management, under the Kotak Mahindra Bank umbrella.
Motilal Oswal Motilal Oswal is a full-service broker known for its research-based advisory services and a wide range of investment products.
5paisa 5paisa is a discount brokerage firm offering low-cost trading services and a variety of investment options.\
Sharekhan Sharekhan, now part of Mirae Asset Financial Group, is a well-established brokerage firm offering a range of investment services.
These rankings are based on the number of active clients reported by the National Stock Exchange (NSE) in December 2024.
Each broker offers unique features and services. When choosing a broker, consider factors such as brokerage charges, trading platforms, customer support, and the range of services offered to ensure they align with your investment needs and goals.