Share Markets could be very lucrative way to make money. However, if you are a novice player then you could lose a lot of money without any knowledge about the stock markets. So you need to gain enough knowledge before you think of buying and selling stocks. You have to consult some of the best brokerage companies in India if you want to succeed in share markets.

Although there are number of companies or brokerage firms operating online and offline. However, only few firms are reputed. I have jot down a list of top 20 such brokerage firms in India. You could consult these firms if you want to open an account and find out more about the stock market.

Brokerage Companies in India

Ranking System: In this blog post we have ranked brokerage firms on the basis of their reputation in the stock market. We also look at other points like number of terminals and account opening fee before we ranked these companies.

So these are top 20 brokerage companies in India.

1. Sharekhan Limited

ShareKhan is an online trading company of SSKI group. It has presence in over 170 cities of the country and India’s most trusted brokerage firms.

  • Head Office: Mumbai, India
  • Number of Terminals: 2000 to 2500
  • Number of Sub Brokers: 200 to 300
  • Number of Branches: 510 offices
  • Number of Employees: 1000 to 2000
  • Account Opening Fee: Rs 750/- for Classic Account and Rs 1000/- for Trade Tiger
  • Website: www.sharekhan.com

2. India Bulls

India bulls was founded by Sameer Gehlaut in the year 2000. India bull has a net worth of Rs 17,000 crore.

  • Head Office: Gurgaon, Haryana
  • Number of Terminals: 2876 to 3000
  • Number of Sub Brokers: 400 to 500
  • Number of Branches: 414 to 450
  • Number of Employees: 3500 to 4000
  • Account Opening Fee: Rs 1200/- (Rs 250/- for equity + Rs 200/- for Demat + Rs 750/- for software )
  • Website: www.indiabulls.com

3. Angel Broking Limited

Angel is counted among top 3 broking firms in India. It was founded in the year 1987 and it offers various services like ebroking, commodity trading and other wealth management services.

  • Head Office: Mumbai, India
  • Number of Terminals: 5715 to 6000
  • Number of Sub Brokers: 150 to 200
  • Number of Branches: 300 to 400
  • Number of Employees: 300 to 500
  • Account Opening Fee: Stock Trading Account + Demat Account = Rs 500/-, Commodity Trading = Rs 625/-
  • Website: www.angelbroking.com

4. Reliance Money

Reliance money is India’s number one broking firm. It has over 3.5 million customers with more than 6000 outlets around the country.

  • Head Office: Lower Parel, Mumbai
  • Number of Terminals: 2428 to 2500
  • Number of Sub Brokers: 1494 to 1500
  • Number of Branches: 142 to 150
  • Number of Employees: 2000 to 2500
  • Account Opening Fee: Trading + Demat = Rs 750/- and for foreign nationals it is Rs 1000/-
  • Website: www.reliancemoney.com

5. India Infoline Limited

India Infoline was started in year 1996 and has over 2 million customers.

  • Head Office: Andheri, Mumbai
  • Number of Terminals: 173 to 2000
  • Number of Sub Brokers: 100 to 150
  • Number of Branches: 600 to 650
  • Number of Employees: 200 to 300
  • Account Opening Fee: Trading + Demat = Rs 750/-
  • Website: www.indiainfoline.com

6. Kotak Securities Limited

Kotak Securities was incorporated in 1994 and it is subsidiary of Kotak Mahindra.

  • Head Office: Nariman Point, Mumbai
  • Number of Terminals: 4320 to 4500
  • Number of Sub Brokers: 900 to 1000
  • Number of Branches: 350 to 400
  • Number of Employees: 4000 to 4500
  • Account Opening Fee: Derivative brokerage Rs 150 per contract and delivery brokerage is .45%
  • Website: www.kotaksecurities.com

7. ICICI Direct

ICICI Direct is a stock trading company of ICICI bank.

  • Head Office: Mumbai, Maharashtra
  • Number of Terminals: 2000 to 3000
  • Number of Sub Brokers: 100 to 150
  • Number of Branches: 250 to 300
  • Number of Employees: 1000 to 2000
  • Account Opening Fee: Rs 750/- for share trading account, wise investment, active trader account
  • Website: www.ICICIdirect.com

8. Motilal Oswal Securities

Motilal Oswal securities Ltd was founded in 1987 and considered to be best local brokerage firm.

  • Head Office: Mumbai, Maharashtra
  • Number of Terminals: 7923 to 8000
  • Number of Sub Brokers: 890 to 1000
  • Number of Branches: 63 to 100
  • Number of Employees: 2193 to 2400
  • Account Opening Fee: Rs 600/- with first year Amc and from next year only Rs 400/-
  • Website: www.motilaloswal.com

9. HDFC Securities

HDFC securities was established 10 years back. It has over a million customers.

  • Head Office: Mumbai, India
  • Number of Terminals: 3000 to 4000
  • Number of Sub Brokers: 50 to 75
  • Number of Branches: 80 to 100
  • Number of Employees: 500 to 1500
  • Account Opening Fee: Minimum Brokerage per order Rs 25/- for resident and NRI. Subject to ceiling of 2.5% of total traded value
  • Website: www.hdfcsec.com

10. Bajaj Capital

Bajaj Capital started its website justtrade.in in the year 2008.

  • Head Office: Mumbai, India
  • Number of Terminals: 2000 to 3000
  • Number of Sub Brokers: 200 to 300
  • Number of Branches: 100 to 150
  • Number of Employees: 1000 to 2500
  • Account Opening Fee: Onetime payment of Rs 499/- and trading account with 1st year AMC and from next year it is Rs 180/- and Rs 1499/- for DEMAT
  • Website: www.justtrade.in

11. Aditya Birla Money

There are seven companies representing Aditya Birla Money are Birla Sun Life Insurance Company, Birla Sun Life Asset Management Company, Aditya Birla Money, Birla Sun Life Distribution Company, Aditya Birla Finance, Birla Insurance Advisory and Broking Services

  • Head Office: Mumbai, India
  • Number of Terminals: 3000 to 3500
  • Number of Sub Brokers: 400 to 500
  • Number of Branches: 150 to 200
  • Number of Employees: 1000 to 2000
  • Account Opening Fee: Account charges are around Rs 750/- for online cum offline trading and Demat A/C
  • Website: www.adityabirlamoney.com

12. SMC Global Securities Limited

SMC Global Securities is present all over the country. It has over 6 million satisfied investors and over 3.5 million trades per day.

  • Head Office: New Delhi, India
  • Number of Terminals: 1500 to 2000
  • Number of Sub Brokers: 250 to 300
  • Number of Branches: 425 to 500
  • Number of Employees: 2000 to 3000
  • Account Opening Fee: Demat + Trading One Time Charge = 499/-
  • Website: www.smcindiaonline.com

13. Geojit BNP Paribas

Geojit BNP Praibas has over 7 million clients with 522 offices around the country and in Middle East also.

  • Head Office: Kochi, Kerala
  • Number of Terminals: 627 to 700
  • Number of Sub Brokers: 247 to 300
  • Number of Branches: 343 to 500
  • Number of Employees: 300 to 500
  • Account Opening Fee: For deliver based trading: .10% to .30%, for intra-day trading: .01% to .03% and F &O trading brokerage is Rs 30 to Rs 75 per lot.
  • Website: www.geojitbnpparibas.com

14. SBICAP Securities

SBICAP securities is a 100% subsidiary of SBI capital markets Ltd and it is India’s oldest brokerage company.

  • Head Office: Mumbai, India
  • Number of Terminals: 1000 to 2000
  • Number of Sub Brokers: 400 to 500
  • Number of Branches: 1500 to 2000
  • Number of Employees: 1000 to 1500
  • Account Opening Fee: Trading + Demat = Rs 750
  • Website: www.sbicapsec.com

15. Karvy Stock Broking Limited

Karvy Stock Broking is one of the leading brokerage firms in India.

  • Head Office: Hyderabad, India
  • Number of Terminals: 1700 to 2000
  • Number of Sub Brokers: 1900 to 2000
  • Number of Branches: 580 to 600
  • Number of Employees: 3900 to 4000
  • Account Opening Fee: Demat and Trading account is Rs 1000/-
  • Website: www.karvyonline.com

16. Anand Rathi Securities Limited

Anand Rathi Securities was founded by Mr Anand Rathi in 1994. Apart from India it is also present in Dubai and Bangkok.

  • Head Office: Lower Parel, Mumbai
  • Number of Terminals: 1500 to 2000
  • Number of Sub Brokers: 320 to 400
  • Number of Branches: 220 to 250
  • Number of Employees: 4500 to 5000
  • Account Opening Fee: For Demat and trading account is Rs 750/-
  • Website: www.rathi.com

17. Bonanza Online

Bonanza Online was established in the year 1994. It is present in over 560 cities across the country.

  • Head Office: New Delhi, India and corporate office in Mumbai
  • Number of Terminals: 1800 to 2000
  • Number of Sub Brokers: 2000 to 3000
  • Number of Branches: 200 to 300
  • Number of Employees: 1000 to 1500
  • Account Opening Fee: Demat and trading account both Rs 500/-
  • Website: www.bonanzaonline.com

18. IL & FS Investment Limited

IL and FS investment limited was founded in the year 1989 as credit capital venture fund limited.

  • Head Office: Bandra, Mumbai
  • Number of Terminals: 1644 to 2000
  • Number of Sub Brokers: 500 to 600
  • Number of Branches: 300 to 350
  • Number of Employees: 2000 to 2500
  • Account Opening Fee: Demat and trading account both Rs 1000/-
  • Website: www.ilfsinvestmentmanagers.com

19. RKSV

RKVS came to India in 2008 after presence in American and European markets.

  • Head Office: Bandra, Mumbai
  • Number of Terminals: 100 to 200
  • Number of Sub Brokers: 30 to 40
  • Number of Branches: 50 to 100
  • Number of Employees: 300 to 400
  • Account Opening Fee: Rs 250 for demat and trading account
  • Website: www.rksv.in

20. Zerodha

The last brokerage firm in our list is Zerodha.

  • Head Office: Bangalore, India
  • Number of Terminals: 200 to 250
  • Number of Sub Brokers: 50 to 70
  • Number of Branches: 30 to 40
  • Number of Employees: 200 to 300
  • Account Opening Fee: 0% brokerage fees but Rs 20/- per trade.
  • Website: www.zerodha.com

Visit the website of every brokerage company to find out more about them.

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