Top Stock Broker With Largest Presence

Before knowing about the top stock brokers with the largest presence, you should know who this Stock Broker is?

A Stockbroker is a professional guider who assists in buying and selling the stocks on your behalf. With the assistance of a Stock Broker, it gets easy for you to choose the most appropriate investment option in India. 

There are various top Stock Brokers with the largest presence in the Stock Market. But here in this article, we will walk you through some of the top 10 Stock Brokers with the largest offline presence in the share market which provides you an easy way to get Share market account opening done with them.

They are the most efficient and highly approachable market players due to the expansion throughout different countries and their efficient stock trading services. 

Top Stock Brokers With Largest Presence in India

There are broadly two types of Stock Brokers namely, Full-Service Stock Brokers and Discount Stock Brokers. 

Full-Service Stock Brokers are licensed financial brokers that provide a wide range of financial services such as research, retirement planning, tax tips, and to their clients. 

In short, they update their clients about the stock market behavior. They charge higher commissions than the Discount stock brokers.

On the other side, Discount Stock Brokers are best for those who only want to execute trades irrespective of any extra services and at a lower commission. Moreover, they do not provide any investment advice. 

You can find Discount Stock Brokers in the Real Estate where they buy and sell properties. Besides, they also trade in insurance products. 

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Angel Broking (UCC – 412809)

Angel Broking is another top full-service trading firm that has in presence for the last 29 years. It was established in 1987, and since then, it has spread across different cities marking the largest offline presence equal to 18,649. 

It provides the best services and products to the clients, making it the best stock broker in India. 

• Active clients- 4,24,207

Online trading platforms provided by this entity:-

• Angel Broking App
• Trade Angel Broking
• Angel Speed Pro

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IIFL Securities (UCC -214149)

IIFL Securities is a full stockbroker in India with more than 4500 offline branches and franchises, where you can resolve your problems. It is not only limited to stockbroking, but it is also a finance house.

Here you can invest your currency on Equity, currency, commodity, and mutual funds. You can also take business loans, personal loans, and or a house loan. In this way, this broker also assists you there. 

If we talk about only its broking house company, it has 2,39,384 active customers who position it in the top 10 from the rest of India’s stockbrokers.

Moreover, there is a complaint percentage of every broker made after every month. And the complaint percentage of every industry driven is average of all complaint brokers, i.e., 0.06%. 

• Tablet application
• Web application – Accessed through chrome, browser, and Mozilla
• Mobile app – If you are a beginner level stock investor

IIFL Securities also offers a market guest application where you can have a guest login. You can check its speed, features, and login experience to make an appropriate investment decision. 

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Motilal Oswal Securities (UCC -319138)

The other name of Motilal Oswal Securities is Motilal Oswal Financial Services Limited (MOFSL). It is a full-time service stockbroking company founded in 1987. 

• Registered Customers base – More than 1 million
• Branches – 2,200 
• Cities – more than 550 
• Headquarter – Mumbai 
• Active clients – 3,19,138 
• Total complaints – 213
• Complaint (%) – 0.06%

Services offered:- 

• Retail Wealth Management 
• Institutional Broking 
• Home Finance
• Private Equity 
• Investment Banking Services
• Asset Management 
• Portfolio Management 

Trading Platforms:-

• Mobile apps – MO investor & MO Trader 
• Desktop application
• Motilal Oswal Smartwatch app

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Kotak Securities (UCC -437822)

Kotak securities (KS) is one of the largest and reliable stockbrokers, settled in 1994 and headquartered in Mumbai, India. 

This company is a subsidiary of a well-known private sector bank (Kotak Mahindra Limited) with 4,37,822 active customers and 1,539 branches.

Services provided:-

• Fund equity
• Initial public offering 
• Exchange trading fund
• Bonds
• Gold exchange fund 
• Stock lending
• Borrowing mechanism
• Future contract 

Trading Platforms provided by them:-

• KEAT Pro X – Desktop trading Terminal 
• Fastlane – Java based applet
• Stock trader – Mobile app
• Call & Trade
• Xtralite – fast trading website 
• Trade smart derivatives – contracts 
• Trade smart trends – chart patterns 

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Religare Broking (UCC – 159030)

Religare Broking (RBL), as a brand, is a very old stock broker in India. As far as the stock market is concerned, it was established in 1994. Through it, you can trade across different segments such as Equity, Currency, Commodity, Mutual Funds, Derivatives, and IPO. 

• Active client base- 1, 21,000
• 10 lakh clients across both online and offline platforms 
• Spread over 500+ cities 
• A member of NSE, BSE, NSDL, and CDSL 
• Headquarters in Noida, Delhi
• 1000 to 5000 employees

It provides 2 in 1 DEMAT account, which means you can invest in multiple trading products. Offline as well as Online account opening services they make available for you. 

Religare Broking also provides mobile applications with excellent features like the market watch, customized list, good speed, and real-time calls. 

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HDFC Securities (UCC – 672044)

After ICICI Securities, there is another leading full-service stockbroker, popularly known as HDFC Securities. It has sustained around for more than 15 years with 200 branches and 6,58,668 active Clients.

• Offers 4 in 1 trading account service. 
• Allows moving funds within Savings, Demat, and Trading Accounts. 
• Moderate Trading platform performance 
• Brokerage commission – 0.5% 
• DEMAT account opening charges – Rs. 999 
• Annual Maintenance Charges – Rs. 550 

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Edelweiss Broking (UCC – 120132)

Edelweiss Broking or Edelweiss Broking Limited ( a part of Edelweiss group) is a full-service stockbroking firm incorporated on 7th February 2008. 

• It has Four thousand three hundred clients, offering services in more than 200 different locations. 

Services provided for retail, institutional and corporate clients:- 

• Equity
• Derivative Trading 
• Currency Trading 
• Mutual Funds
• Gold ETFs 
• IPOs 

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ICICI Securities Limited (UCC – 843975)

ICICI Securities is one of the biggest full-fledged service stockbroking companies in India. It was started in 1995 and is a part of the ICICI group.

With more than 170 branches it offers the best brokerage service among other full-service stockbrokers. 

So firstly, let’s talk about Stock Broking. ICICI Securities earns 60% to 70% of its revenue from the Stockbroking business. 

ICICI Securities has 39 lakhs customers, including clients of Stockbroking and Distribution businesses. 

It has been successful in attracting a lot of investors with the help of;

• Easy accessibility
• Trusted & reliable brand name
• Online and transparent presence
• Personalized service
• 3 in 1 account for easy registration. 

The revenue of this company is increasing by 14% to 15% every year. As per the reports of CRISIL, the income of stockbroking has grown up by 15 to 16% for the last few years. 

The higher participation of retail investors results in a rise in the brokerage revenue of ICICI securities as 90% of brokerage revenue comes from retail investors or individuals. 

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Sharekhan Limited (UCC- 509787)

Sharekhan Limited is a full-service stockbroker, established in 2000. It has been twenty years since its launching. But in 2016, it was taken over by BNP Paribas along with its management control. 

If we talk about its client base, it has 2,20,246 active clients and 4800+ employees working at 153 branches across 575 cities in India that includes it as one of the top stock brokers. 

After opening Sharekhan Demat Account, you can invest in diverse options like Equity, Commodity, Currency, Derivatives, ETF, Mutual Funds, and IPO. Apart from this, this entity also provides portfolio management services. 

Sharekhan offers you a trading app, i.e., Sharekhan Trade Tiger, that you can use on your laptop and mobile. Expert traders widely use it. 

However, it can be a little confusing for a beginner because of its challenging features and user experience, but it will be a piece of cake for you over some time. 

These features are Charting, Demand and supply zone, Smart tools, Tools and studies, Technical indicators, Stock scanner, and Market tips.

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SBICap Securities (UCC – 209310)

The trading name of SBI is SBICap Securities (SSL) that assists in investing funds in the stock market. It was founded in 2005. 

Today it has 2,16,841 active customers that positioned it in the top 10 stock brokers in India. On the other hand, if you talk about its offline presence, you can find its 115 branches across India. 

Not all branches of SBI provide trading support to the investors, but some units offer offline support. They have 1000 field force agents who help you with account opening and account maintenance concerns. 

SEBICap also offers 3 in 1 – DEMAT account, Trading Account, and Bank Account where your trading and bank accounts are interlinked, which means monetary transmission will be automatic. You do not have to transfer them manually.  

• 24 hours full customer support
• Equity Intraday – 0.075 % in first leg
• Equity delivery – 0.50%
• 1 lakh of trade – Rs. 500
• 10 lakh of trade – Rs. 5000
• Free DEMAT account opening
• AMC of DEMAT account is Rs. 35
• Charges for Opening Trading Account – Rs. 850
• Free AMC in Trading Account

Investment Options provided by SBICap Securities:-

• Equities 
• Currency 
• Derivatives 
• IPO 
• Online trading 

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Conclusion 

Here is a table below showing the total number of customers and branches of all top 10 stock brokers with largest presence. 

 

Wish to start stock market with any of the stockbrokers, for that you need to open a Demat Account. Refer to the form below