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.