India: leading brokerage firms by clients 2024 | Statista (2024)

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India: leading brokerage firms by clients 2024 | Statista? ›

In 2024, Groww was the leading equity brokerage firm across India with over nine million active clients. Zerodha followed with 7.22 million active clients.

In 2024, Groww was the leading equity brokerage firm across India with over nine million active clients. Zerodha followed with 7.22 million active clients.

Brokerage firm Groww emerged as the largest broker in India with market share of 23.4 per cent and an active client base of 9.5 million in Financial Year 2023-24 (FY24).

Zerodha: Zerodha is renowned for its ultra-low brokerage charges, with a flat fee structure of Rs. 20 per trade across all segments. Additionally, Zerodha offers zero brokerage charges for equity delivery trades, making it a cost-effective option for long-term investors.

Best Overall - Zerodha

Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

Groww has a small advantage over Zerodha regarding account opening fees because Groww doesn't charge any fees to open trading or Demat accounts. In contrast, Zerodha charges a one-time fee to open a normal Demat account.

Mukul Agrawal

With a net worth Of around 5,470 cr., he is among the top 10 traders of the Indian Stock market. According to some trustworthy sources he owns 79 stocks of which 58 active stocks.

1. Zerodha: Known for its user-friendly platform and low brokerage fees, Zerodha has gained popularity among both beginner and seasoned traders. 2. Angel Broking: With a wide range of research tools and personalized advisory services, Angel Broking caters to investors looking for expert guidance.

Which broker do big investors use in India? ›

One of the best brokers for investors in India is ICICI Direct. With its wide range of investment options like stocks, mutual funds, bonds, and more, ICICI Direct offers a comprehensive platform for investors to build their portfolios.

Brokers like Zerodha, Upstox, Fyers, ProStocks and Indiabulls offer brokerage free investment in the India stock market. The customer doesn't pay any commission while trading in the equity delivery segment.

Zerodha: Topping our list of the cheapest brokers in India is none other than Zerodha. With its innovative technology and transparent pricing structure, Zerodha has become a favorite among traders and investors alike. From equity to commodities, you can trade it all at incredibly low brokerage rates.

What Are the Big 4 Brokerage Firms? The biggest firms in the U.S. are Charles Schwab, Fidelity, Vanguard, and JPMorgan. These companies provide brokerage services to millions of clients.