Stock Brokers List in India

Everyone trading stocks knows on which exchange his/her stocks are being traded but the party enabling these transactions is a broker which connects the individual and the stock exchange. As such, stock brokers play an important role in the ecosystem. In India, one needs trading and demat accounts to purchase and sell delivery-based securities. These accounts are opened by stock brokers who charge brokerage for their services. In this article, we will see a comprehensive list of stock brokers in India but first, a history lesson.

What is the History of Stock Brokerage?

The first account of shares being purchased and sold is from 1602 when the Dutch East India Company released the first publicly traded stocks through the Amsterdam Stock Exchange. Although similar trading used to take place in some markets before this, the traded instruments were mostly related to debt and the key ingredient – stocks – was missing. This can be seen as the first instance of organized stock issuance and trading. Owing to the law of private property rights indoctrinated in the Dutch Empire, the profession of stock brokers flourished.

At the end of the 17th century, the London Stock Exchange came into existence, and almost a hundred years later, in 1792, the New York Stock Exchange was formed. India and Asia saw their first stock exchange in the name of the Bombay Stock Exchange (BSE) in 1875.

Fast forward to the current day, India has a flourishing stock market servicing millions of domestic and overseas investors through hundreds of stock brokers.

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Types of Share Market Brokers in the Market

Different types of share market brokers offer various products and services to their clients. Every kind of broker has advantages and disadvantages, and it’s essential to understand the differences before choosing one to handle your investments.

• Discount Stockbrokers

Discount or internet stock brokers are getting more and more well-liked because of their accessibility and affordability. They enable Internet trading without the need for face-to-face contact between the investor and the broker. Discount brokers may not be appropriate for consumers with large investment portfolios because not all of them offer the same level of knowledge as standard brokers. Nevertheless, they may be a great starting point for stock market investing for investors with little extra cash.

• Full-Service or Traditional Stockbrokers

Full-service stock brokers offer a variety of services, including dealing in stocks, investment guidance, retirement planning, and portfolio management. Even though they have more experience and a bigger commission, they can help you increase your earning potential and reduce dangers.

Also Read: Top Stock Brokers in India 2024

What’s the difference between a Discount and a Full-Service Broker?

Discount Brokers	Full-Service Brokers
Lower fees and commissions	Higher fees and commissions
Limited investment guidance	Personalized investment advice and guidance
Online trading platform	Personalized trading platform
No or limited research and analysis	In-depth research and analysis
Limited or no access to IPOs	Access to IPOs and other exclusive investments
Minimal customer support	Extensive customer support and assistance
Ideal for self-directed investors	Ideal for investors seeking personalized advice and assistance

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List of Stock Brokers in India with Active Clients

Given the huge addressable market, the list of stock brokers in India is quite long. As of 31 December 2024, there were 362 stock brokers registered with NSE. Below is a full list of all stock brokers in India.

Stock Brokers FAQs