Top 5 stock brokers in India with the largest client bases at the beginning of 2023

Zerodha leads the pack, with 6.5 million active client accounts, 65 lakhs.

Groww in second position with accelerated growth, with 5.2 million active client accounts, 52 lakhs.

Angel One with 4.2 million active client accounts, 42 lakhs.

Upstox with 3.4 million client accounts, 34 lakhs. (Upstox, the broker who has paid this website the most towards client sign up referral commissions. This website stands grateful to the management of Upstox for their honesty in handling client referral commission payouts promptly.)

Icici Securities with 2.5 million client accounts, 25 lakhs.