7 Most Trusted And Reliable Stock Broker in India


We all know that we need the best stock broker who provides the Demat Account to tread in the stock market. But it is more important that we suck a reliable and trustworthy broker who listened to the investor complaints and Solve them.

If we investigate the market, we found lots of investors who weren’t happy with their broker service. They Complaints against him in stock exchanges and waiting for a couple of years for justice.

We hope you do not get this kind of problem. For this, we must take some precautions in advance. We should know so much about the broker we want to select, how many complaints people have about him and whether he is listening to them or not.

In this article, we know about seven such brokers who have very low complaints filed against him. We have made this list with the help of the NSE.

7 Most Trusted And Reliable Stock Broker In 2021

Note:
We have picked only big brokers with a minimum client base of 2 lakh. The complaints registered against the brokers are less than the complaint rate of the industry rate.
the list is based on  2020-21 data.


Broker Active Clients Complaints (NSE and BSE) %
zerodha 3,391,059 787 0.03%
Upstox 1,960,861 789 0.04%
ICICI Direct 1,435,356 575 0.05%
Sharekhan 1,454,167 376 0.06%
5paisa 845,879 557 0.08%
IIFL Securities 287,503 203 0.08%
Groww 656,519 30 0%

#1. Zerodha:

zerodha is the first discount broking firm founded in 2010. The active clients of Zerodha are 3,391,059, and the total complaints filed against him is 787, which is 0.03%. No. of complaints Resolved are 630 in present term is 94%

Undoubtedly service provided by Zerodha is excellent. This way, he was the most Trusted And Reliable Stock Broker In India.

#2. Upstox:

Active clients of upstox is 1,960,861, and No. of complaints received is 789, which are 0.04% of active clients. Also, upstox successfully Resolved 595 camplents which are 85.29% of received complaints.

#3. ICICI Direct:

ICICI Direct is bank base full-service broker whit 1,435,356 active clients. No. of complaints received from clients is 575 and % of No. of complaints against No. of active clients is 0.05%.

Complaints Resolved through the exchange is 508, and % of complaints resolved as against complaints received is 96.21. is very high in the industry.

#4. Sharekhan:

Sharekhan provided its service for more than three decades, and active client is 1,454,167, and complaints received from investors is 376 in percentage term it 0.06%.

Complaints Resolved through the exchange is 312, and % of complaints resolved against complaints received are 96.

#5. 5paisa:

.5paisa is another good discount broker on this list.
Total no. of active clients of 5paisa is 845,879, and no. of complement received are 557 is equal to 0.08%.

Complaints Resolved through the exchange is 174, and % of complaints resolved against complaints received are 93.63.

#6. IIFL Securities:

Diversified financial firm IndiaInfoline is also one of the top full-service broker. The total no. of active clients of IIFL is 287,503, and no. of complement received are 203, equal to 0.08%.

Complaints Resolved through the exchange is 179, and % of complaints resolved against complaints received are 93.63.

#7. Groww:

Groww is new in the broking industry, but they acquired more than 656,519 clients with their excellent services. No. of complement received clients is 30. (Because it is new in the market).
Complaints Resolved through the exchange is 27, and % of complaints resolved against complaints received are 96.

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