Investing or trading requires you to select a good broker or brokerage house to carry on the transactions via them. It is a thing that you need to do mandatorily in order to trade and thus finding the Best Stock Broker in Mumbai is a crucial step before starting investing.
So, we have decided to enumerate the Top 10 Stock Brokers in Mumbai and discuss the details about them to help you find the most suitable stock brokerage house for your investing needs.
List of Top 10 Stock Brokers in Mumbai
The list of Best Stock Brokers in Mumbai includes the following names.
| Rank | Stock Broker |
| 1 | Angel Broking |
| 2 | Zerodha |
| 3 | Motilal Oswal |
| 4 | Sharekhan |
| 5 | India Infoline |
| 6 | Edelweiss |
| 7 | Anand Rathi |
| 8 | ICICI Direct |
| 9 | Upstox |
| 10 | Aditya Birla Money |
All these brokerage houses are well established in the market and they have been servicing the investors and traders for years with their multiple financial services.
The list includes Angel Broking, Zerodha, Sharekhan, Motilal Oswal, and six others, and as you can understand these are the most well-known brokerage houses in the city of Mumbai and also across the country.
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Rank 1 – Angel Broking – Number 1 Stock Broker in Mumbai
| Brand Name | Angel Broking |
| Corporate Address | ACKRUTI STAR, 5TH FLOOR CENTRAL ROAD, MIDC MAROL ANDHERI (EAST) MUMBAI-400093 |
| Phones | 022-39413940/5338/022-39415662/68/69/70 |
| Fax | 022-28358811 |
| Corporate Email | compliance@angelbroking.com |
| Branch Offices | Angel Broking Branch Office |
| Branches in City | Angel Broking Branch Office in Mumbai |
The list of Top Stock Brokers in Mumbai starts with Angel Broking which as we all know is one of the largest share brokerage houses in the country.
It is a full-service brokerage house that has all the services and products for trading and investment. It is situated at Ackruti Star, 5th floor Central Road, MIDC Marol, Andheri (East) Mumbai – 400093.
The phone numbers and the email id are given in the table above, you can contact them for opening your Demat and trading account with them. There are multiple branches of the brokerage house and thus you can get ready services from anywhere in the city of Mumbai.
Rank 2 – Zerodha – Top Share Broker in Mumbai
| Brand Name | Zerodha |
| Corporate Address | #153/154, 4TH CROSS, DOLLARS COLONY, OPP. CLARENCE PUBLIC SCHOOL, J.P.NAGAR 4TH PHASE, BENGALURU-560078 |
| Phones | 080-40402020 |
| Fax | NA |
| Corporate Email | info@zerodha.com |
| Branch Offices | Zerodha Branch Office |
| Branches in City | Zerodha Branch Office in Mumbai |
Zerodha is second on this Top Share Broker in the Mumbai list and it has all the right to be placed here. It is the biggest discount brokerage house in the country and highly popular amongst the Mumbai-based investors.
The firm has been servicing the investors at very cheap brokerage charges and providing all kinds of services within that only. The firm’s corporate office is in Bengaluru but it has a huge number of branches in the city of Mumbai and you can find the list of the branches in the table above.
Rank 3 – Motilal Oswal – Best Share Broker in Mumbai
| Brand Name | Motilal Oswal |
| Corporate Address | PALM SPRING CENTRE, 2ND FLOOR, PALM COURT COMPLEX, NEW LINK ROAD, MALAD (WEST), MUMBAI-400064 |
| Phones | 022-30801000/022-30801001/022-30801048 |
| Fax | 022-28449002 |
| Corporate Email | neeraj.agarwal@motilaloswal.com |
| Branch Offices | Motilal Oswal Branch Office |
| Branches in City | |
Motilal Oswal is a premier brokerage house. It has been servicing the investors for decades. It is one of the Best Share Brokers in Mumbai because of its array of services. It provides multiple investment products to choose from.
It also has a very strong network of analysts and researchers and advisors for advising the best investment options for the client. The corporate office of the brokerage house is in Mumbai itself and the address is given in the table above along with the contact details which you can use for availing their services.
Rank 4 – Sharekhan – Share Broker in Mumbai
| Brand Name | Sharekhan |
| Corporate Address | PLOT NO.1012,DEVIDAYAL COMPOUND, KANJUR VILLAGE ROAD,NEAR CROMPTON & GREAVES LTD., KANJUR MARG (EAST), MUMBAI-400042 |
| Phones | 022-61281700 / 022-61150000 |
| Fax | 022-67481899 |
| Corporate Email | namita.godbole@sharekhan.com |
| Branch Offices | Sharekhan Branch Office |
| Branches in City | |
Sharekhan is known for its abundance of services for the investors and range of investment products. The firm is one of the top Share Brokers in Mumbai. It has its corporate office in the city itself and you can contact them on the given details above.
You can email the corporate office itself and also check the branch offices from the list given here in the table above. There are various branches in the city. Sharekhan apart from its trading and investment services, it provides ample option for you to learn about the market as well.
Rank 5 – India Infoline – Top 10 Stock Broker in Mumbai
| Brand Name | IIFL |
| Corporate Address | IIFL CENTRE, KAMALA CITY, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI-400013 |
| Phones | 022-42499000/0-42499022/0-40077114/157 |
| Fax | 022-40609049 |
| Corporate Email | prasad.umarale@indiainfoline.com |
| Branch Offices | IIFL Branch Office |
| Branches in City | IIFL Branch Office in Mumbai |
India Infoline or IIFL is known for its exceptional research advisory segments along with great investment services and this is why this is one of our Top 10 Stock Brokers in Mumbai.
The firm’s corporate office is in Lower Parel, Mumbai and you can get a branch of the broker at different places in the city. You can get services ranging from intraday trading service, delivery, derivatives, commodities, and many others.
Rank 6 – Edelweiss – Best Stock Broker in Mumbai
| Brand Name | Edelweiss |
| Corporate Address | FLOOR 6TH TO 12TH, EDELWEISS HOUSE OFF C.S.T. ROAD, KALINA MUMBAI-400098 |
| Phones | 022-40094400/022-40885757/6278 |
| Fax | 022-40863757 |
| Corporate Email | complianceofficer.esl@edelweissfin.com |
| Branch Offices | Edelweiss Branch Office |
| Branches in City | |
The list of Best Stock Brokers in Mumbai includes Edelweiss in 6th position and it is well deserved because of its great range of products and services.
It provides basic investment options and also personalized asset management services, high-end investment products like options and derivatives, currencies, and others. There are multiple branches of the brokerage house and you can apply for the accounts with any of them nearer to your place.
Rank 7 – Anand Rathi – Best Demat Broker in Mumbai
| Brand Name | Anand Rathi |
| Corporate Address | EXPRESS ZONE, A-WING 10TH FLOOR, WESTERN EXPRESS HIGHWAY, GOREGAON (EAST) MUMBAI-400063 |
| Phones | 022-62817190/022-7498339752 |
| Fax | 022-62813888 |
| Corporate Email | deepakkedia@rathi.com |
| Branch Offices | Anand Rathi Branch Office |
| Branches in City | |
At the seventh position, Anand Rathi is here in the list of Best Demat Broker in Mumbai. The firm has its corporate office in Goregaon (EAST) in Mumbai. It has branches and franchises across the city and you can find the list of those branches in the list given in the table above.
It is a firm that has been in the market for quite a long time now and has been registered with the NSDL Depository. It is mainly known for its exceptional customer support. It has dedicated teams of customer care executives and they are always available to help you with any trouble you face related to trading on their platform.
Rank 8 – ICICI Direct – Top Demat Broker in Mumbai
| Brand Name | ICICI Direct |
| Corporate Address | SHREE SAWAN KNOWLEDGE PARK,GROUND FLOOR, PLOT NO.D507,TTC INDL.AREA MIDC,TURBHE NAVI MUMBAI-400705 |
| Phones | 022-40701320 / 022-40701125 / 022-40701000/1125 |
| Fax | 022-40701022 |
| Corporate Email | compliance@icicisecurities.com |
| Branch Offices | ICICI Direct Branch Office |
| Branches in City | |
ICICI Direct as we all know is one of the Top Demat Brokers in Mumbai and it is placed in the 8th position because of its product range and services.
However, the brokerage plans of this firm are a little expensive but it provides great customer support and advanced trading platforms for smooth investments and trading. On top of that, it has a team of highly experienced and qualified financial analysts and advisors.
Rank 9 – Upstox – Stock Market Broker in Mumbai
| Brand Name | Upstox |
| Corporate Address | SUNSHINE TOWER, 30TH FLOOR SENAPATI BAPAT MARG, DADAR (WEST) MUMBAI-400013 |
| Phones | 022-67107379/0-9619254709/0-9820407230 |
| Fax | 022-67107492 |
| Corporate Email | hiren.thakkar@rksv.in |
| Branch Offices | Upstox Branch Office |
| Branches in City | |
The 9th on the list of Stock Market Broker in Mumbai is Upstox which is known for its highly advanced trading platforms and tech-based trading services. It is one of the most sought after discount brokerage houses in the country itself and so in Mumbai.
The corporate office of the firm is in Mumbai itself and you can find a branch of this brokerage house in multiple locations in the city and the details are given in the table above.
Rank 10 – Aditya Birla Money – Share Market Broker Mumbai
| Brand Name | Aditya Birla Money |
| Corporate Address | SAI SAGAR, 2ND & 3RD FLOOR, PLOT NO. M7, THIRU-VI-KA (SIDCO), INDUSTRIAL ESTATE, GUINDY, CHENNAI-600032 |
| Phones | 044-49490014/919380519131 |
| Fax | NA |
| Corporate Email | murali.lr@adityabirlacapital.com |
| Branch Offices | Aditya Birla Money Branch Office |
| Branches in City | |
Aditya Birla Money is a name that many reckoned with in the share market and it is on our list of Share Market Broker in Mumbai at the tenth position. The firm provides a free call & trade facility along with great research and advisory services.
The firm’s corporate office is in Chennai and it has around hundreds of branches in the city of Mumbai. You can contact them using the details given above.
Stock Broker in Mumbai – Conclusion
When you are thinking about the best Stock Broker in Mumbai, you need to consider various aspects of the brokerage house. Here we have tried to provide you with the necessary information about these brokerage houses which are counted amongst the top ten brokerage houses in the city of Mumbai.
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