Top 10 Stockbrokers 2023 in India

Introduction:

India’s top 10 stock brokers provide good value at different levels. Investors can take advantage of low stock prices due to the Coronavirus. These stock brokers offer valuable services to help investors make the right trades.

5paisa – A Discount Broker

5paisa is a discount broker with a large customer base, but has a small percentage of complaints. They have over 3,08,000 customers and a highly rated mobile trading app. The number of complaints they have is around 150, which account for 0.04% of their client base.

Moti Lala Oswal – Rated 4 out of 5

Moti Lala Oswal has been rated 4 out of 5 by around 30,000 users. Complaints for Moti Lala Oswal are at 280, which is 0.098% of their client base.

Angel Broking – A Hybrid Stockbroker

Angel Broking, a hybrid stockbroker, provides full-service stockbroking services at a discounted rate with 5 lakh clients. Its mobile app has been rated 3.8 out of 45,000 users, but complaints are quite high at 280, which is 0.05% of its total client base.

Axis Direct – A Reliable Stockbroker

Axis Direct deserves to be in the top 10 stockbrokers in India. They have only 0.01% complaints from its clients, with a total of 37 complaints.

Sher Khan – Full-Service Broker

Sharekhan is a full-service broker with more than 5 lakh customers and a rating of 4.2, but with a higher complaint percentage of 0.02%.

Upstox – Second Largest Broker

Upstox is the second broker with over 5,55,000 customers and rated 4.1 for its mobile trading app.

ICICI Direct – Fourth Largest Broker

ICICI Direct is the fourth broker with 10,14,293 active clients and only 161 complaints, which is 0.01% of its client base.

Kotak Securities – Top-Notch Stock Broker

Kotak Securities is a top-notch stock broker with a customer base of 5.5 lakh customers. Their mobile app is rated 4.2 out of 5 by 28,000 users.

Zerodha – India’s Top Stockbroker

Zerodha is India’s top stockbroker with 12,57,180 customers. Their mobile app, Zerodha Kite, has received a rating of 4.3 from over 35,000 users. However, Zerodha has approximately 350,000 complaints.

Choose Wisely

India’s top 10 stockbrokers provide value at different levels. Some stockbrokers have good apps, some have good services, some have good brokerages, and some offer free account opening. Choose a stockbroker based on your specific requirements and preferences.

Conclusion:

India’s top 10 stockbrokers offer a range of services and advantages for investors. From discount brokers to full-service brokers, each has its own unique features and offerings. It’s important to evaluate your individual needs and preferences when choosing a stockbroker. Consider factors such as customer base, mobile app ratings, complaint percentages, and overall reputation. By doing thorough research and selecting the right stockbroker, you can make informed investment decisions and maximize your returns.