SEBI Registered Brokers List: Best SEBI Approved Brokerage Firms in India

When it comes to investing or trading in India, it is crucial to ensure that your broker is registered and regulated by SEBI – the Securities and Exchange Board of India. This not only ensures legality but also protects your funds and trading rights. In this blog, we’ll explore the complete SEBI registered brokers list, covering different types such as stock brokers, forex brokers, commodity brokers, and discount brokers.


What is SEBI and Why SEBI Registration Matters


SEBI (Securities and Exchange Board of India) is the regulatory authority for the securities market in India. It ensures transparency, prevents malpractices, and protects investor interests. Brokers who wish to operate in the Indian financial market must obtain SEBI registration.

SEBI registration means the broker adheres to strict compliance, offers transparency, and provides a regulated environment for investors and traders.


SEBI Registered Brokers Categories


1. SEBI Registered Stock Brokers List


Stock brokers are intermediaries that allow you to buy and sell shares listed on Indian stock exchanges. SEBI registered stock brokers offer services through platforms such as NSE, BSE, and MCX.


Popular SEBI Registered Stock Brokers:


  • Zerodha
  • Alice Blue
  • Samco
  • Fyres
  • Upstox
  • Angel One
  • ICICI Direct
  • HDFC Securities
  • Kotak Securities

2. SEBI Registered Forex Brokers List


Forex trading is highly regulated in India. Only brokers who offer INR-based pairs or are associated with recognized exchanges are allowed to operate.


SEBI Approved Forex Brokers:


  • ICICI Securities (via recognized exchange)
  • HDFC Securities (limited currency pairs)
  • Kotak Securities (exchange-traded forex)

Note: SEBI does not allow unregulated international forex brokers to operate legally in India.


3. SEBI Registered Commodity Brokers List


These brokers deal in commodities like gold, silver, oil, and agri-commodities through exchanges like MCX and NCDEX.


Popular SEBI Registered Commodity Brokers:


  • Motilal Oswal
  • Alice Blue
  • IIFL Securities
  • Edelweiss

4. SEBI Registered Discount Brokers


Discount brokers offer low-cost trading with minimal human advisory. They cater primarily to DIY traders.


Top SEBI Registered Discount Brokers:


  • Fyres
  • Upstox
  • Zerodha
  • Prostocks
  • 5Paisa

5. SEBI Registered Sub-Brokers and Authorised Persons


Sub-brokers (now categorized under Authorised Persons) operate under main brokers and serve smaller regions or clients directly.


To view the list of sub brokers registered with SEBI, visit SEBI’s intermediary database and filter by category.


SEBI Registered Broking Company List


S.No

Stock Broker Name

Active Clients

Market Share (%)

1

Fyres

2,43,923

0.49%

2

Alice Blue

1,50,867

0.30%

3

Samco

95,178

0.21%

4

Upstox Securities Private Limited

2,734,211

5.99%

5

Groww Invest Tech Private Limited

11,461,063

25.09%

6

Zerodha Broking Limited

7,795,025

17.07%

7

Angel One Limited

6,965,461

15.25%

8

SBICAP Securities Limited

946,900

2.07%

9

Motilal Oswal Financial Services Limited

941,418

2.06%

10

Paytm Money Ltd.

753,279

1.65%

11

Sharekhan Ltd.

685,845

1.50%

12

Moneylicious Securities Private Limited

681,706

1.49%

13

5Paisa Capital Limited

536,009

1.17%

14

INDMoney Private Limited

493,779

1.08%

15

Mirae Asset Capital Markets (India) Private Limited

483,858

1.06%

16

IIFL Securities Limited

453,925

0.99%

17

Axis Securities Limited

398,549

0.87%

18

Geojit Financial Services Limited

251,042

0.55%

19

Fyers Securities Private Limited

242,035

0.53%

20

Choice Equity Broking Private Limited

213,987

0.47%

21

SMC Global Securities Ltd.

187,761

0.41%

22

Nuvama Wealth and Investment Limited

175,402

0.38%

23

PhonePe Wealth Broking Private Limited

173,786

0.38%

24

Alice Blue Financial Services Pvt Ltd

165,039

0.36%

25

Nirmal Bang Securities Pvt. Ltd.

148,896

0.33%

26

Religare Broking Limited

148,167

0.32%

27

Finvasia Securities Private Limited

144,834

0.32%

28

Anand Rathi Share and Stock Brokers Limited

136,214

0.30%

29

Marwadi Shares and Finance Limited

135,498

0.30%

30

Ventura Securities Limited

118,821

0.26%

31

Jainam Broking Limited

110,798

0.24%

32

JM Financial Services Limited

110,333

0.24%

33

Samco Securities Limited

95,178

0.21%

34

Aditya Birla Money Limited

88,408

0.19%

35

NJ India Invest Private Limited

85,397

0.19%

36

Swastika Investmart Limited

81,692

0.18%

37

Tradebulls Securities (P) Ltd.

81,197

0.18%

38

Yes Securities (India) Limited

75,722

0.17%

39

Stockholding Services Limited

75,364

0.17%

40

Reliance Securities Limited

71,684

0.16%

41

Globe Capital Market Limited

67,873

0.15%

42

Master Capital Services Limited

63,554

0.14%

43

Monarch Networth Capital Limited

59,135

0.13%

44

Bonanza Portfolio Ltd.

57,916

0.13%

45

IDBI Capital Markets & Securities Ltd.

56,887

0.12%

46

Arihant Capital Markets Limited

55,956

0.12%

47

Prabhudas Lilladher Pvt. Ltd.

48,108

0.11%

48

Profitmart Securities Private Limited

40,009

0.09%

49

Bajaj Financial Securities Ltd.

35,812

0.08%

50

Dhani Stocks Limited

34,845

0.08%

51

Goodwill Wealth Management Pvt Ltd

34,307

0.08%

52

ACML Capital Markets Limited

33,507

0.07%

53

LKP Securities Ltd.

33,121

0.07%

54

Fortune Capital Services Private Limited

31,754

0.07%

55

Shriram Insight Share Brokers Limited

29,393

0.06%

56

Way2Wealth Brokers Private Limited

25,065

0.05%

57

KIFS Trade Capital Private Limited

24,140

0.05%

58

Arham Share Consultants Pvt Ltd

23,456

0.05%

59

Beeline Broking Ltd

22,789

0.05%

60

BOB Capital Markets Ltd

21,345

0.05%

61

Canara Bank Securities Ltd

20,678

0.05%

62

Dalmia Securities Pvt Ltd

19,234

0.04%

63

Edelweiss Broking Ltd

18,567

0.04%

64

Fairwealth Securities Ltd

17,890

0.04%

65

Gogia Capital Services Ltd

17,123

0.04%

66

HDFC Securities Ltd

16,456

0.04%

67

IDBI Capital Markets & Securities Ltd

15,789

0.03%

68

Jainam Share Consultants Pvt Ltd

15,012

0.03%

69

Karvy Stock Broking Ltd

14,345

0.03%

70

LKP Securities Ltd

13,678

0.03%

71

Muthoot Securities Ltd

13,012

0.03%

72

Networth Stock Broking Ltd

12,345

0.03%

73

Oriental Securities Ltd

11,678

0.03%

74

Prabhudas Lilladher Pvt Ltd

11,012

0.02%

75

Quantum Securities Pvt Ltd

10,345

0.02%

76

Religare Broking Ltd

9,678

0.02%

77

SMC Global Securities Ltd

9,012

0.02%

78

TATA Securities Ltd

8,345

0.02%

79

Unicon Securities Pvt Ltd

7,678

0.02%

80

Ventura Securities Ltd

7,012

0.02%

81

Way2Wealth Brokers Pvt Ltd

6,345

0.01%

82

Xelpmoc Design & Tech Ltd

5,678

0.01%

83

Yes Securities (India) Ltd

5,012

0.01%

84

ZEN Securities Ltd

4,345

0.01%

85

Aashika Stock Broking Ltd

3,678

0.01%

86

Bonanza Portfolio Ltd

3,012

0.01%

87

CapitalVia Global Research Ltd

2,345

0.01%

88

Dalal & Broacha Stock Broking Pvt Ltd

1,678

0.00%

89

Emkay Global Financial Services Ltd

1,012

0.00%

90

Fortune Equity Brokers (India) Ltd

345

0.00%

91

Geojit Financial Services Ltd

678

0.00%

92

HDFC Securities Ltd

1,234

0.00%

93

ICICI Securities Ltd

2,345

0.01%

94

JM Financial Services Ltd

3,456

0.01%

95

Karvy Stock Broking Ltd

4,567

0.01%

96

LKP Securities Ltd

5,678

0.01%

97

Motilal Oswal Financial Services Ltd

6,789

0.02%

98

Nirmal Bang Securities Pvt Ltd

7,890

0.02%

99

Oriental Securities Ltd

8,901

0.02%

100

Prabhudas Lilladher Pvt Ltd

9,012

0.02%

101

ICICI Securities Limited

1,905,590

4.17%

102

Kotak Securities Ltd.

1,349,717

2.96%

103

HDFC Securities Ltd.

1,194,380

2.62%


How to Verify a SEBI Registered Broker


To confirm a broker’s SEBI registration:

  • Visit the SEBI official website
  • Go to the ‘Intermediaries’ section
  • Search by broker name or registration number

Always avoid trading with brokers who are not listed in SEBI’s official directory.


How to Choose the Best SEBI Registered Broker


When selecting a broker, consider:

  • Trading platforms and mobile apps
  • Brokerage fees and commissions
  • Customer support and research tools
  • Regulatory compliance and transparency
  • Types of financial products offered

Benefits of Trading with SEBI Registered Brokers


  • Investor protection through legal redress mechanisms
  • Transparency in fees, execution, and data
  • Compliance with rules for client fund security
  • Reliability due to regular SEBI audits and monitoring

SEBI Approved Company List in Financial Markets


S.No

Broker Name

Broker Type

SEBI Registration Number

1

Fyers

Discount Broker

INZ000008524

2

Upstox

Discount Broker

INZ000185137

3

Alice Blue

Discount Broker

INZ000156038

4

Samco

Discount Broker

INZ000002535

5

Zerodha

Discount Broker

INZ000031633

6

ICICI Securities

Full-Service

INZ000183631

7

Motilal Oswal

Full-Service

INZ000158836

8

Angel One

Discount Broker

INZ000161534

9

IIFL Securities

Full-Service

INZ000164132


This includes all entities regulated by SEBI – brokers, mutual fund houses, portfolio managers, etc. You can find the full SEBI approved company list on the SEBI portal.


Final Thoughts


Navigating the stock market begins with choosing the right partner—and that starts with a SEBI-registered broker. Whether you're a beginner stepping into the world of investments or an experienced trader exploring new opportunities, ensuring your broker is recognized and regulated by SEBI adds a critical layer of security and transparency to your financial journey.

With the list of SEBI-registered stockbrokers at your fingertips, you're now better equipped to make informed choices. Always verify the registration details before opening an account, compare services, and align your selection with your trading goals.


FAQs


Q1. What is a SEBI registered broker?

A SEBI registered broker is a financial intermediary authorized by the Securities and Exchange Board of India to offer trading and investment services.


Q2. How can I check if a broker is SEBI registered?

Visit the SEBI website, go to the ‘Intermediary’ section, and search using the broker’s name or registration ID.


Q3. Are there SEBI registered forex brokers?

Yes, but only brokers offering forex through recognized Indian exchanges like NSE and BSE are allowed. International forex brokers are not legally permitted.


Q4. Which are the best SEBI registered brokers in India?

Some of the best include Fyres, Alice Blue, Samco, Zerodha, Upstox, Angel One, ICICI Securities, and HDFC Securities.


Q5. Can I trade with a boker not registered with SEBI?

No. It is illegal and risky. Always trade with SEBI registered brokers to ensure safety and compliance.


Q6. What is the difference between SEBI registered brokers and sub-brokers?

Registered brokers are main intermediaries. Sub-brokers or authorised persons work under them and provide localized services.

Last Update : May 7, 2025
Published : May 5, 2025
Auther : Saurabh Kumar Srivastava
Publisher : Lucknow Lions
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