I dont find Interactive brokers in the list. Now Dont tell me they dont have even one client.
By the time next financial year begins, Zerodha will be the largest brokerage house in India.
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Where are the other discount brokers in top 20. Why are expensive brokers still ruling the roost?
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not at all a reliable list .
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Why zerodha has two accounts? Second account shows only 2 clients. Any specific reason for having multiple memberships? @nithin
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This list is from NSE itself, only brokers who have a complaint against them in a financial year show up on this. Interactive brokers doesnât, so it doesnât show up. But last I remember it was around couple of thousands.
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Two memberships you mean right. Second one is because we are hitting open interest restrictions on Bank nifty contracts. Btw many big companies like Edelweiss etc have multiple memberships.
Still after 2 memberships bn openinterest gets hit? Or one membership is for internal use?
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2nd membership is still not live for clients. Maybe in the next few weeks. Hopefully will reduce the OI issue in primary.
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Thanks @nithin
Nice to know IB had no complaints. They have a very useful chat support. Zerodha may try something like that.
Ok. I thought the 2nd membership was for Zerodhaâs internal prop trading⌠good to know that it will be open to regular clients too!
Is there any maximum wait until when this 2nd membership and hence the BNF OI issue will get resolved.
I am asking again because today I tried to buy 28600 CE, which is just 1% ahead of current BNF spot.
And even this option is not available to buy that too on 2nd day of weekly expiry.
Which makes small retailers like me to buy expensive options or those where risk reward is lower.
Working on this, waiting for few approvals from vendors, hopefully will announce this soon.
@nithin Zerodha reaching #2 reminded me of an iconic advertising campaign by car rental service, Avis - We are only number 2. We try harder. Avis - we donât know another way.
The honesty, humility and simplicity of those three words written more than 50 years back, is still one of the classics in the history of advertising and marketing. You must see it when you have time.
Google reimagined the campaign in 2012 gives you a lot of backstory:
Robert Townsend, former CEO of Avis US, on the birth of the We Try Harder promise.
Ads:
TV commercial:
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Does this list represent total clients or âactiveâ clients? And what is the definition for active clients?
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A brokerage firm helps in facilitating buying and selling of securities, here a stock broker is involved who is performing all the tasks. Some of the largest brokerage firms in India are:- ICICI Securities Ltd., HDFC Securities Ltd., Zerodha, Trade Smart Online etc.
how many employees are in Zerodha?
As on Sep 2018
| 1 | ICICI SECURITIES LIMITED | 843549 |
|---|---|---|
| 2 | ZERODHA | 747501 |
| 3 | HDFC SECURITIES LTD. | 668170 |
| 4 | SHAREKHAN LTD. | 563342 |
| 5 | AXIS SECURITIES LIMITED | 405661 |
| 6 | ANGEL BROKING PRIVATE LIMITED | 403312 |
| 7 | KOTAK SECURITIES LTD. | 400177 |
| 8 | MOTILAL OSWAL SECURITIES LTD. | 329329 |
| 9 | KARVY STOCK BROKING LTD. | 263758 |
| 10 | INDIA INFOLINE LTD. | 234364 |
| 11 | SBICAP SECURITIES LIMITED | 211467 |
| 12 | GEOJIT FINANCIAL SERVICES LIMITED | 181961 |
| 13 | RELIGARE BROKING LIMITED | 146471 |
| 14 | RELIANCE SECURITIES LIMITED | 128327 |
| 15 | EDELWEISS BROKING LIMITED | 121536 |
| 16 | SMC GLOBAL SECURITIES LTD. | 109036 |
| 17 | NIRMAL BANG SECURITIES PVT. LTD. | 100669 |
| 18 | MARWADI SHARES AND FINANCE LIMITED | 96230 |
| 19 | VENTURA SECURITIES LTD. | 84469 |
| 20 | ANAND RATHI SHARE AND STOCK BROKERS LIMITED | 78719 |
| 21 | TRADEBULLS SECURITIES § LTD. | 77753 |
| 22 | 5PAISA CAPITAL LIMITED | 69575 |
| 23 | RKSV SECURITIES INDIA PRIVATE LIMITED | 64556 |
| 24 | JAINAM SHARE CONSULTANTS PRIVATE LIMITED | 57754 |
| 25 | MONARCH NETWORTH CAPITAL LIMITED | 54854 |
| 26 | ADITYA BIRLA MONEY LIMITED | 54097 |
| 27 | INDIABULLS VENTURES LTD. | 49122 |
| 28 | MASTER CAPITAL SERVICES LIMITED | 46027 |
| 29 | BONANZA PORTFOLIO LTD. | 42473 |
| 30 | INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED | 40448 |
| 31 | JM FINANCIAL SERVICES LIMITED | 39237 |
| 32 | JHAVERI SECURITIES LIMITED | 39049 |
| 33 | IDBI CAPITAL MARKETS & SECURITIES LTD. | 38856 |
| 34 | SHRI PARASRAM HOLDINGS PVT. LTD. | 36604 |
| 35 | SAMCO SECURITIES LIMITED | 36398 |
| 36 | ARIHANT CAPITAL MARKETS LIMITED | 33948 |
| 37 | SHRIRAM INSIGHT SHARE BROKERS LIMITED | 30499 |
| 38 | LKP SECURITIES LTD. | 30194 |
| 39 | SURESH RATHI SECURITIES PRIVATE LIMITED | 29690 |
| 40 | WAY2WEALTH BROKERS PRIVATE LIMITED | 29145 |
| 41 | BMA WEALTH CREATORS LIMITED | 27787 |
| 42 | SWASTIKA INVESTMART LIMITED | 27359 |
| 43 | GLOBE CAPITAL MARKET LIMITED | 26483 |
| 44 | ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. | 25726 |
| 45 | KIFS TRADE CAPITAL PRIVATE LIMITED | 25489 |
| 46 | EUREKA STOCK & SHARE BROKING SERVICES LIMITED | 23432 |
| 47 | SHCIL SERVICES LIMITED | 22829 |
| 48 | VNS FINANCE & CAPITAL SERVICES LTD. | 21498 |
| 49 | PRABHUDAS LILLADHER PVT. LTD. | 21274 |
| 50 | ALANKIT ASSIGNMENTS LTD. | 20898 |
| 51 | PRUDENT BROKING SERVICES PRIVATE LIMITED | 20110 |
| 52 | GOLDMINE STOCKS PRIVATE LIMITED | 17341 |
| 53 | CHOICE EQUITY BROKING PRIVATE LIMITED | 17165 |
| 54 | EMKAY GLOBAL FINANCIAL SERVICES LIMITED | 17156 |
| 55 | ASHIKA STOCK BROKING LTD. | 17005 |
| 56 | ZEN SECURITIES LTD. | 16501 |
| 57 | INDIANIVESH SECURITIES LTD. | 15690 |
| 58 | NJ INDIA INVEST PRIVATE LIMITED | 15677 |
| 59 | ISE SECURITIES & SERVICES LIMITED | 15003 |
| 60 | INDITRADE CAPITAL LIMITED | 13836 |
| 61 | PHILLIPCAPITAL (INDIA) PVT. LTD | 13675 |
| 62 | BANSAL FINSTOCK PRIVATE LIMITED | 13527 |
| 63 | PRAVIN RATILAL SHARE AND STOCK BROKERS LTD | 13328 |
| 64 | SS CORPORATE SECURITIES LIMITED | 13177 |
| 65 | RATNAKAR SECURITIES PVT LTD | 13051 |
| 66 | TRUSTLINE SECURITIES LIMITED | 12799 |
| 67 | SOUTH ASIAN STOCKS LTD. | 12562 |
| 68 | BGSE FINANCIALS LIMITED | 12457 |
| 69 | FAIRWEALTH SECURITIES LIMITED | 12266 |
| 70 | NARNOLIA FINANCIAL ADVISORS LIMITED | 12181 |
| 71 | KUNVARJI FINSTOCK PVT. LTD. | 11451 |
| 72 | YES SECURITIES (INDIA) LIMITED | 11275 |
| 73 | ADROIT FINANCIAL SERVICES PRIVATE LIMITED | 11269 |
| 74 | PCS SECURITIES LTD. | 11245 |
| 75 | CANARA BANK SECURITIES LIMITED | 10166 |
| 76 | BP EQUITIES PRIVATE LIMITED | 9785 |
| 77 | R K GLOBAL SHARES & SECURITIES LIMITED | 9710 |
| 78 | PROFITMART SECURITIES PRIVATE LIMITED | 9700 |
| 79 | SHREE BAHUBALI INTERNATIONAL LTD. | 9558 |
| 80 | MAVERICK SHARE BROKERS PRIVATE LIMITED | 9521 |
| 81 | DEALMONEY SECURITIES PRIVATE LIMITED | 9465 |
| 82 | MANGAL KESHAV FINANCIAL SERVICES LLP | 9448 |
| 83 | DBFS SECURITIES LIMITED | 8926 |
| 84 | ANUGRAH STOCK & BROKING PVT. LTD. | 8831 |
| 85 | KISAN RATILAL CHOKSEY SHARES AND SECURITIES PRIVATE LIMTIED | 8774 |
| 86 | NAVIA MARKETS LTD. | 8560 |
| 87 | GUINESS SECURITIES LIMITED | 8372 |
| 88 | VRISE SECURITIES PRIVATE LIMITED | 8269 |
| 89 | BHANSALI VALUE CREATIONS PRIVATE LIMITED | 8044 |
| 90 | JOINDRE CAPITAL SERVICES LTD | 8044 |
| 91 | STANDARD CHARTERED SECURITIES (INDIA) LIMITED | 7936 |
| 92 | ARHAM SHARE CONSULTANTS PRIVATE LIMITED | 7906 |
| 93 | INTIME EQUITIES LIMITED | 7700 |
| 94 | INDIRA SECURITIES PRIVATE LIMITED | 7366 |
| 95 | MPSE SECURITIES LIMITED | 7361 |
| 96 | GOODWILL WEALTH MANAGEMENT PVT LTD | 7336 |
| 97 | SUNIDHI SECURITIES & FINANCE LIMITED | 7220 |
| 98 | PACE STOCK BROKING SERVICES PRIVATE LIMITED | 6769 |
| 99 | CHOLAMANDALAM SECURITIES LIMITED | 6687 |
| 100 | IFCI FINANCIAL SERVICES LIMITED | 6643 |
| 101 | COIMBATORE CAPITAL LIMITED | 6570 |
| 102 | ASTHA CREDIT & SECURITIES § LTD | 6515 |
| 103 | LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. | 6212 |
| 104 | R WADIWALA SECURITIES PVT. LTD. | 6129 |
| 105 | CELEBRUS CAPITAL LIMITED | 5993 |
| 106 | SYSTEMATIX SHARES & STOCKS (INDIA) LTD. | 5632 |
| 107 | ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED | 5595 |
| 108 | INDIA ADVANTAGE SECURITIES PRIVATE LIMITED | 5374 |
| 109 | MARFATIA STOCK BROKING PRIVATE LIMITED | 5367 |
| 110 | INDUS PORTFOLIO § LTD | 5268 |
| 111 | CONSORTIUM SECURITIES PRIVATE LTD. | 5013 |
| 112 | TRADEJINI FINANCIAL SERVICES PVT LTD | 4913 |
| 113 | ACUMEN CAPITAL MARKET (INDIA) LTD | 4612 |
| 114 | GCL SECURITIES PVT LTD | 4608 |
| 115 | ASHLAR SECURITIES PRIVATE LIMITED | 4476 |
| 116 | FORTUNE CAPITAL SERVICES PRIVATE LIMITED | 4307 |
| 117 | MANUBHAI MANGALDAS SECURITIES PVT. LTD. | 4091 |
| 118 | ZUARI FINSERV PRIVATE LIMITED | 4087 |
| 119 | PRABHAT FINANCIAL SERVICES LTD. | 4006 |
| 120 | PEERLESS SECURITIES LIMITED | 3972 |
| 121 | VERTEX SECURITIES LTD. | 3958 |
| 122 | EXCLUSIVE SECURITIES LTD. | 3917 |
| 123 | A C AGARWAL SHARE BROKERS PVT LTD | 3704 |
| 124 | FRR SHARES AND SECURITIES LIMITED | 3401 |
| 125 | BASAN EQUITY BROKING LIMITED | 3386 |
| 126 | KAYNET FINANCE LIMITED | 3306 |
| 127 | ALICE BLUE FINANCIAL SERVICES | 3178 |
| 128 | FYERS SECURITIES | 3069 |
| 129 | STEWART & MACKERTICH WEALTH MANAGEMENT LTD. | 2997 |
| 130 | C.D. EQUISEARCH PVT. LTD | 2875 |
| 131 | HSE SECURITIES LTD. | 2838 |
| 132 | SUNLIGHT BROKING LLP | 2833 |
| 133 | KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITED | 2807 |
| 134 | A . G. SHARES & SECURITIES LTD. | 2782 |
| 135 | FINVASIA SECURITIES PRIVATE LIMITED | 2735 |
| 136 | ABHIPRA CAPITAL LTD. | 2688 |
| 137 | VCK SHARE & STOCK BROKING SERVICES LTD. | 2648 |
| 138 | ATS SHARE BROKERS PRIVATE LIMITED | 2619 |
| 139 | ALMONDZ GLOBAL SECURITIES LTD. | 2514 |
| 140 | MULTIPLEX CAPITAL LTD. | 2497 |
| 141 | QUANTUM GLOBAL SECURITIES LIMITED | 2430 |
| 142 | KALPATARU MULTIPLIER LTD. | 2418 |
| 143 | COMPETENT FINMAN PVT. LTD. | 2321 |
| 144 | AMBALAL SHARES & STOCKS PRIVATE LIMITED | 2310 |
| 145 | SUMPOORNA PORTFOLIO LIMITED | 2244 |
| 146 | AASMAA SECURITIES PRIVATE LIMITED | 2217 |
| 147 | MODEX INTERNATIONAL SECURITIES LTD. | 2181 |
| 148 | COMFORT SECURITIES LIMITED | 2143 |
| 149 | FAIR INTERMEDIATE INVESTMENTS PVT. LTD. | 2103 |
| 150 | CIL SECURITIES LTD. | 1975 |
| 151 | FINDOC INVESTMART PVT. LTD. | 1853 |
| 152 | WEALTH MANTRA LIMITED | 1831 |
| 153 | ESCORTS SECURITIES LTD. | 1791 |
| 154 | GOGIA CAPITAL SERVICES LIMITED | 1640 |
| 155 | COMPOSITE INVESTMENTS PRIVATE LIMITED | 1599 |
| 156 | ARTHA VRDDHI SECURITIES LIMITED | 1526 |
| 157 | MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD. | 1477 |
| 158 | IIFL WEALTH MANAGEMENT LTD | 1411 |
| 159 | FAST CAPITAL MARKETS LTD. | 1380 |
| 160 | ACHIIEVERS EQUITIES LIMITED | 1362 |
| 161 | ANVIL SHARE & STOCK BROKING PVT. LTD | 1347 |
| 162 | GROVALUE SECURITIES PVT LTD | 1271 |
| 163 | ARCH FINANCE LTD. | 1266 |
| 164 | KARUNA FINANCIAL SERVICES PVT. LTD | 1231 |
| 165 | R.K. STOCKHOLDING § LTD. | 1180 |
| 166 | C. M. GOENKA STOCK BROKERS PVT. LTD. | 1153 |
| 167 | SKUNG TRADELINK LIMITED | 1111 |
| 168 | UNLOCK WEALTH SECURITIES LIMITED | 1081 |
| 169 | SAAKETA CONSULTANTS LTD. | 1049 |
| 170 | KHANDWALA SECURITIES LTD. | 1021 |
| 171 | F6 FINSERVE PRIVATE LIMITED | 1014 |
| 172 | WEALTH DISCOVERY SECURITIES PVT. LTD. | 983 |
| 173 | BEZEL STOCK BROKERS PRIVATE LIMITED | 981 |
| 174 | LFS BROKING PRIVATE LIMITED | 867 |
| 175 | KSBL SECURITIES LIMITED | 853 |
| 176 | WELLINDIA SECURITIES LIMITED | 826 |
| 177 | MAXGROWTH CAPITAL PRIVATE LIMITED | 807 |
| 178 | MANDOT SECURITIES PRIVATE LIMITED | 798 |
| 179 | EDELWEISS SECURITIES LIMITED | 708 |
| 180 | DHWAJA SHARES & SECURITIES PRIVATE LIMITED | 587 |
| 181 | INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED | 551 |
| 182 | QUANTUM SECURITIES PVT. LTD. | 532 |
| 183 | J G SHAH FINANCIAL CONSULTANTS PVT. LTD. | 509 |
| 184 | RR EQUITY BROKERS PVT. LTD. | 496 |
| 185 | INDO JATALIA SECURITIES PRIVATE LIMITED | 433 |
| 186 | SANCHIT FINANCIAL & MANAGEMENT SERVICES LTD. | 417 |
| 187 | INDIAN FINANCE GUARANTY LTD. | 346 |
| 188 | FICUS SECURITIES PRIVATE LIMITED | 336 |
| 189 | FIRST GLOBAL STOCKBROKING PVT.LTD. | 304 |
| 190 | PREM SOMANI SHARE BROKERS PVT. LTD. | 260 |
| 191 | UNITED CREDIT SECURITIES LTD. | 240 |
| 192 | CAPITAL WIZARD STOCK BROKING PVT. LTD. | 232 |
| 193 | ISHTA SECURITIES | 229 |
| 194 | MONEYLICIOUS SECURITIES PRIVATE LIMITED | 206 |
| 195 | 4A SECURITIES LIMITED | 150 |
| 196 | AMRAPALI CAPITAL AND FINANCE SERVICES LTD. | 127 |
| 197 | DESTINY SECURITIES LTD. | 113 |
| 198 | RTG SHARE BROKING LIMITED | 96 |
| 199 | NIRMAL BANG EQUITIES PRIVATE LIMITED | 80 |
| 200 | KRISHA INCAP SERVICES PVT.LTD. | 74 |
| 201 | A. S. STOCK BROKING AND MANAGEMENT PVT LTD. | 73 |
| 202 | PUG SECURITIES PRIVATE LIMITED | 62 |
| 203 | NKB SECURITIES | 61 |
| 204 | SMVD SECURITIES | 53 |
| 205 | A.N. SECURITIES | 29 |
| 206 | BAJAJ SHARE & STOCK BROKERS PVT. LTD | 28 |
| 207 | GOOD FORTUNE CAPITALS PRIVATE LIMITED | 19 |
| 208 | GOLDSTREET SECURITIES LIMITED | 17 |
| 209 | ANGEL SECURITIES LTD | 11 |
| 210 | RKG SHARE BROKERS PVT. LTD. | 6 |
| 211 | FORTUNE CAPITAL SERVICES | 2 |
| 212 | ICICI SECURITIES PRIMARY DEALERSHIP LIMITED | 1 |
| 213 | UNION BANK OF INDIA | 1 |
| 214 | ADVENT STOCK BROKING PRIVATE LIMITED | 1 |
| 215 | AMU SHARES & SECURITIES LTD. | 1 |
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