When it comes to indulge into stockbroking in India or any part of the world, the first and foremost requirement is to consult a stockbroker. Those old days of typical stockbroker are passé now due to the rapid incursion of online stockbroking that has feasibly replaced the older system of stock trading. In today’s fast-paced world, both traders and investors can choose to trade in stocks in a seamless way like never before. Thanks to discount broking concept that has made availing stockbroking services a lot easier and affordable.
However, if you’re looking to invest in stock market, it is necessary for you to choose the best stock broker in India so as to get best market insights and value-based investment. With so many stockbrokers available to choose from, sometimes it becomes hard for a person to take the right decision. In general, it is considered that a stock broker is good if it has a huge client base or it has the maximum number of active clients.
To help you in that way, we have listed top 5 biggest broking houses that are known to have largest client base.
S. No Broker No. of active clients
1 Zerodha 3391059
2 Upstox 1960861
3 Angel Broking 1454167
4 ICICI Securities Ltd 1435356
5 HDFC Securities Ltd 944091
The top 5 biggest stockbrokers with optimum client base are Zerodha, Upstox, Angel Broking, ICIC Securities Ltd, and HDFC Securities Ltd. All the stock brokers in India have been exhibiting superb performance in the stock market by offering cutting-edge products that make stock trading a lot easier and effective.
As per the data updated on 28th Feb 2021, Zerodha is known to possess nearly 18.85% of the total market share of the active clients listed on the National Stock Exchange. It has more than 33.9 lakh active customers compared to a total of over 1.79 Crore active clients of all stockbrokers on the NSE.
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Zerodha has been putting mutual funds also in Demat a/c (in de-materialized version). On the other hand, a majority of brokers including bank brokers follow SOA (statement of account). So if you go for any other broker for mutual fund investment, re-materialization of your mutual funds will be a bit difficult, unless all other brokers also keep the mutual funds in demat version.
Brokerage
Zerodha are the first brokers in India to provide ‘NO’ brokerage on Equity delivery and Rs. 20 or 0.1% (whichever is less) brokerage on Intraday. This has been one of their most remarkable USPs.
Conventionally, the brokerage houses in India have been charging 0.50% on delivery and 0.06–0.08% on Intraday. The interface on Zerodha ‘Kite’ application which is its mobile app(also available on desktop) is best-in-class. It is extremely user friendly and at the same time works to present a lot of Technical data in a remarkably simplified manner. This is one of the reasons that make Zerodha one of the top 10 stock brokers in India and certainly a broker with highest number of active clients.