NiveshCheck

Best Stock Brokers in Mumbai (2026)

Looking for the best SEBI registered stock brokers in Mumbai? Here is a curated list of verified brokers based in Mumbai. Compare discount and full-service options before opening a demat account.

106 SEBI registered brokers found in Mumbai

Angel One

Angel One Limited

Discount
CityMumbai
Active Clients67.44 lakh
SEBI Reg.INZ000330231
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Upstox

RKSV Securities India Private Limited

Discount
CityMumbai
Active Clients19.62 lakh
SEBI Reg.INZ000090730
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ICICI Direct

ICICI Securities Limited

Full-service
CityMumbai
Active Clients20.97 lakh
SEBI Reg.INZ000183631
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Kotak Securities

Kotak Securities Limited

Full-service
CityMumbai
Active Clients13.85 lakh
SEBI Reg.INZ000200137
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HDFC Securities

HDFC Securities Limited

Full-service
CityMumbai
Active Clients13.80 lakh
SEBI Reg.INZ000186937
View details →

Motilal Oswal

Motilal Oswal Financial Services Limited

Full-service
CityMumbai
Active Clients9.02 lakh
SEBI Reg.INZ000158836
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Dhan

Dhan (Gamma Stack Private Limited)

Discount
CityMumbai
Active Clients10.52 lakh
SEBI Reg.INZ000309436
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SBI Securities

SBICAP Securities Limited

Full-service
CityMumbai
Active Clients11.60 lakh
SEBI Reg.INZ000200135
View details →

Sharekhan

Sharekhan Limited

Full-service
CityMumbai
Active Clients12.5 lakh
SEBI Reg.INZ000171337
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Samco

Samco Securities Limited

Discount
CityMumbai
Active Clients5.8 lakh
SEBI Reg.INZ000163135
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Axis Direct

Axis Securities Limited

Full-service
CityMumbai
Active Clients8.7 lakh
SEBI Reg.INZ000189631
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Choice Broking

Choice Equity Broking Private Limited

Full-service
CityMumbai
Active Clients4.9 lakh
SEBI Reg.INZ000160636
View details →

Nuvama

Nuvama Wealth and Investment Limited

Full-service
CityMumbai
Active Clients3.8 lakh
SEBI Reg.INZ000234939
View details →

Anand Rathi

Anand Rathi Share and Stock Brokers Limited

Full-service
CityMumbai
Active Clients4.2 lakh
SEBI Reg.INZ000170832
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m.Stock

Mirae Asset Capital Markets (India) Private Limited

Discount
CityMumbai
Active Clients2.32 lakh
SEBI Reg.INZ000307437
View details →

Edelweiss

Edelweiss Broking Limited

Full-service
CityMumbai
Active Clients3.5 lakh
SEBI Reg.INZ000177636
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JM Financial

JM Financial Services Limited

Full-service
CityMumbai
Active Clients2.9 lakh
SEBI Reg.INZ000195834
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Ventura

Ventura Securities Limited

Full-service
CityMumbai
Active Clients2.4 lakh
SEBI Reg.INZ000169331
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Aditya Birla Money

Aditya Birla Money Limited

Full-service
CityMumbai
Active Clients2.3 lakh
SEBI Reg.INZ000183531
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YES Securities

YES Securities (India) Limited

Full-service
CityMumbai
Active Clients1.9 lakh
SEBI Reg.INZ000185632
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HDFC Sky

HDFC Securities Limited

Full-service
CityMumbai
Active Clients13.80 lakh
SEBI Reg.INZ000186937
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Nuvama Wealth

Nuvama Wealth Management Limited

Full-service
CityMumbai
Active Clients3.8 lakh
SEBI Reg.INZ000234939
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Motilal Oswal Wealth

Motilal Oswal Financial Services Limited

Full-service
CityMumbai
Active Clients9.02 lakh
SEBI Reg.INZ000158836
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SBI Cap Securities

SBICAP Securities Limited

Full-service
CityMumbai
Active Clients11.60 lakh
SEBI Reg.INZ000200135
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Kotak Neo

Kotak Securities Limited

Full-service
CityMumbai
Active Clients13.85 lakh
SEBI Reg.INZ000200137
View details →

ICICI Direct Prime

ICICI Securities Limited

Full-service
CityMumbai
Active Clients20.97 lakh
SEBI Reg.INZ000183631
View details →

Angel One Trade

Angel One Limited

Discount
CityMumbai
Active Clients67.44 lakh
SEBI Reg.INZ000330231
View details →

Upstox Pro

RKSV Securities India Private Limited

Discount
CityMumbai
Active Clients19.62 lakh
SEBI Reg.INZ000090730
View details →

Dhan HQ

Dhan (Gamma Stack Private Limited)

Discount
CityMumbai
Active Clients10.52 lakh
SEBI Reg.INZ000309436
View details →

SAS Online

SAS Online

Discount
CityMumbai
Active Clients80,000
SEBI Reg.INZ000175635
View details →

Prabhudas Lilladher

Prabhudas Lilladher Private Limited

Full-service
CityMumbai
Active Clients1.2 lakh
SEBI Reg.INZ000187536
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Emkay

Emkay Global Financial Services Limited

Full-service
CityMumbai
Active Clients90,000
SEBI Reg.INZ000164133
View details →

LKP Securities

LKP Securities Limited

Full-service
CityMumbai
Active Clients85,000
SEBI Reg.INZ000178037
View details →

Choice Equity

Choice Equity Broking Private Limited

Full-service
CityMumbai
Active Clients4.9 lakh
SEBI Reg.INZ000160636
View details →

Moneybee

Moneybee Securities Private Limited

Discount
CityMumbai
Active Clients55,000
SEBI Reg.INZ000227335
View details →

Share Wise

Share Wise Equity Brokers Private Limited

Discount
CityMumbai
Active Clients48,000
SEBI Reg.INZ000300631
View details →

Sunrise Securities

Sunrise Gilts & Securities Private Limited

Full-service
CityMumbai
Active Clients60,000
SEBI Reg.INZ000025734
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Evermore

Evermore Share Broking Private Limited

Discount
CityMumbai
Active Clients35,000
SEBI Reg.INZ000022431
View details →

IDBI Capital

IDBI Capital Markets & Securities Limited

Full-service
CityMumbai
Active Clients1.8 lakh
SEBI Reg.INZ000007237
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Samco Securities

Samco Securities Limited

Discount
CityMumbai
Active Clients5.8 lakh
SEBI Reg.INZ000163135
View details →

Dhan Live

Dhan (Gamma Stack Private Limited)

Discount
CityMumbai
Active Clients10.52 lakh
SEBI Reg.INZ000309436
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Upstox Web

RKSV Securities India Private Limited

Discount
CityMumbai
Active Clients19.62 lakh
SEBI Reg.INZ000090730
View details →

Angel One Spark

Angel One Limited

Discount
CityMumbai
Active Clients67.44 lakh
SEBI Reg.INZ000330231
View details →

ICICI Direct Trade

ICICI Securities Limited

Full-service
CityMumbai
Active Clients20.97 lakh
SEBI Reg.INZ000183631
View details →

Kotak Securities Trade

Kotak Securities Limited

Full-service
CityMumbai
Active Clients13.85 lakh
SEBI Reg.INZ000200137
View details →

HDFC Securities Trade

HDFC Securities Limited

Full-service
CityMumbai
Active Clients13.80 lakh
SEBI Reg.INZ000186937
View details →

SBI Securities Trade

SBICAP Securities Limited

Full-service
CityMumbai
Active Clients11.60 lakh
SEBI Reg.INZ000200135
View details →

Motilal Oswal Trade

Motilal Oswal Financial Services Limited

Full-service
CityMumbai
Active Clients9.02 lakh
SEBI Reg.INZ000158836
View details →

Sharekhan Trade

Sharekhan Limited

Full-service
CityMumbai
Active Clients12.5 lakh
SEBI Reg.INZ000171337
View details →

Axis Direct Trade

Axis Securities Limited

Full-service
CityMumbai
Active Clients8.7 lakh
SEBI Reg.INZ000189631
View details →

Anand Rathi Trade

Anand Rathi Share and Stock Brokers Limited

Full-service
CityMumbai
Active Clients4.2 lakh
SEBI Reg.INZ000170832
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m.Stock Trade

Mirae Asset Capital Markets (India) Private Limited

Discount
CityMumbai
Active Clients2.32 lakh
SEBI Reg.INZ000307437
View details →

Edelweiss Trade

Edelweiss Broking Limited

Full-service
CityMumbai
Active Clients3.5 lakh
SEBI Reg.INZ000177636
View details →

JM Financial Trade

JM Financial Services Limited

Full-service
CityMumbai
Active Clients2.9 lakh
SEBI Reg.INZ000195834
View details →

Ventura Trade

Ventura Securities Limited

Full-service
CityMumbai
Active Clients2.4 lakh
SEBI Reg.INZ000169331
View details →

Aditya Birla Trade

Aditya Birla Money Limited

Full-service
CityMumbai
Active Clients2.3 lakh
SEBI Reg.INZ000183531
View details →

YES Securities Trade

YES Securities (India) Limited

Full-service
CityMumbai
Active Clients1.9 lakh
SEBI Reg.INZ000185632
View details →

Nuvama Trade

Nuvama Wealth Management Limited

Full-service
CityMumbai
Active Clients3.8 lakh
SEBI Reg.INZ000234939
View details →

Choice Trade

Choice Equity Broking Private Limited

Full-service
CityMumbai
Active Clients4.9 lakh
SEBI Reg.INZ000160636
View details →

Prabhudas Lilladher Trade

Prabhudas Lilladher Private Limited

Full-service
CityMumbai
Active Clients1.2 lakh
SEBI Reg.INZ000187536
View details →

Emkay Trade

Emkay Global Financial Services Limited

Full-service
CityMumbai
Active Clients90,000
SEBI Reg.INZ000164133
View details →

LKP Trade

LKP Securities Limited

Full-service
CityMumbai
Active Clients85,000
SEBI Reg.INZ000178037
View details →

IDBI Capital Trade

IDBI Capital Markets & Securities Limited

Full-service
CityMumbai
Active Clients1.8 lakh
SEBI Reg.INZ000007237
View details →

SAS Online Trade

SAS Online

Discount
CityMumbai
Active Clients80,000
SEBI Reg.INZ000175635
View details →

Moneybee Trade

Moneybee Securities Private Limited

Discount
CityMumbai
Active Clients55,000
SEBI Reg.INZ000227335
View details →

Share Wise Trade

Share Wise Equity Brokers Private Limited

Discount
CityMumbai
Active Clients48,000
SEBI Reg.INZ000300631
View details →

Sunrise Securities Trade

Sunrise Gilts & Securities Private Limited

Full-service
CityMumbai
Active Clients60,000
SEBI Reg.INZ000025734
View details →

Evermore Trade

Evermore Share Broking Private Limited

Discount
CityMumbai
Active Clients35,000
SEBI Reg.INZ000022431
View details →

Choice Equity Trade

Choice Equity Broking Private Limited

Full-service
CityMumbai
Active Clients4.9 lakh
SEBI Reg.INZ000160636
View details →

Nuvama Wealth Trade

Nuvama Wealth Management Limited

Full-service
CityMumbai
Active Clients3.8 lakh
SEBI Reg.INZ000234939
View details →

HDFC Sky Trade

HDFC Securities Limited

Full-service
CityMumbai
Active Clients13.80 lakh
SEBI Reg.INZ000186937
View details →

Kotak Neo Trade

Kotak Securities Limited

Full-service
CityMumbai
Active Clients13.85 lakh
SEBI Reg.INZ000200137
View details →

ICICI Direct Prime Trade

ICICI Securities Limited

Full-service
CityMumbai
Active Clients20.97 lakh
SEBI Reg.INZ000183631
View details →

Angel One Spark Trade

Angel One Limited

Discount
CityMumbai
Active Clients67.44 lakh
SEBI Reg.INZ000330231
View details →

Upstox Pro Trade

RKSV Securities India Private Limited

Discount
CityMumbai
Active Clients19.62 lakh
SEBI Reg.INZ000090730
View details →

Dhan HQ Trade

Dhan (Gamma Stack Private Limited)

Discount
CityMumbai
Active Clients10.52 lakh
SEBI Reg.INZ000309436
View details →

Nuvama Wealth

Nuvama Wealth and Investment Limited

Full-service
CityMumbai
Active Clients3.8 lakh
SEBI Reg.INZ000234939
View details →

Motilal Oswal

Motilal Oswal Financial Services Limited

Full-service
CityMumbai
Active Clients9.02 lakh
SEBI Reg.INZ000158836
View details →

Sharekhan

Sharekhan Limited

Full-service
CityMumbai
Active Clients12.5 lakh
SEBI Reg.INZ000171337
View details →

Axis Direct

Axis Securities Limited

Full-service
CityMumbai
Active Clients8.7 lakh
SEBI Reg.INZ000189631
View details →

HDFC Securities

HDFC Securities Limited

Full-service
CityMumbai
Active Clients13.80 lakh
SEBI Reg.INZ000186937
View details →

Kotak Securities

Kotak Securities Limited

Full-service
CityMumbai
Active Clients13.85 lakh
SEBI Reg.INZ000200137
View details →

ICICI Direct

ICICI Securities Limited

Full-service
CityMumbai
Active Clients20.97 lakh
SEBI Reg.INZ000183631
View details →

SBI Securities

SBICAP Securities Limited

Full-service
CityMumbai
Active Clients11.60 lakh
SEBI Reg.INZ000200135
View details →

Angel One

Angel One Limited

Discount
CityMumbai
Active Clients67.44 lakh
SEBI Reg.INZ000330231
View details →

Upstox

RKSV Securities India Private Limited

Discount
CityMumbai
Active Clients19.62 lakh
SEBI Reg.INZ000090730
View details →

Dhan

Dhan (Gamma Stack Private Limited)

Discount
CityMumbai
Active Clients10.52 lakh
SEBI Reg.INZ000309436
View details →

Samco

Samco Securities Limited

Discount
CityMumbai
Active Clients5.8 lakh
SEBI Reg.INZ000163135
View details →

Anand Rathi

Anand Rathi Share and Stock Brokers Limited

Full-service
CityMumbai
Active Clients4.2 lakh
SEBI Reg.INZ000170832
View details →

Choice Broking

Choice Equity Broking Private Limited

Full-service
CityMumbai
Active Clients4.9 lakh
SEBI Reg.INZ000160636
View details →

Prabhudas Lilladher

Prabhudas Lilladher Private Limited

Full-service
CityMumbai
Active Clients1.2 lakh
SEBI Reg.INZ000187536
View details →

Emkay

Emkay Global Financial Services Limited

Full-service
CityMumbai
Active Clients90,000
SEBI Reg.INZ000164133
View details →

LKP Securities

LKP Securities Limited

Full-service
CityMumbai
Active Clients85,000
SEBI Reg.INZ000178037
View details →

Aditya Birla Money

Aditya Birla Money Limited

Full-service
CityMumbai
Active Clients2.3 lakh
SEBI Reg.INZ000183531
View details →

YES Securities

YES Securities (India) Limited

Full-service
CityMumbai
Active Clients1.9 lakh
SEBI Reg.INZ000185632
View details →

Edelweiss

Edelweiss Broking Limited

Full-service
CityMumbai
Active Clients3.5 lakh
SEBI Reg.INZ000177636
View details →

JM Financial

JM Financial Services Limited

Full-service
CityMumbai
Active Clients2.9 lakh
SEBI Reg.INZ000195834
View details →

Ventura

Ventura Securities Limited

Full-service
CityMumbai
Active Clients2.4 lakh
SEBI Reg.INZ000169331
View details →

IDBI Capital

IDBI Capital Markets & Securities Limited

Full-service
CityMumbai
Active Clients1.8 lakh
SEBI Reg.INZ000007237
View details →

Moneybee

Moneybee Securities Private Limited

Discount
CityMumbai
Active Clients55,000
SEBI Reg.INZ000227335
View details →

SAS Online

SAS Online

Discount
CityMumbai
Active Clients80,000
SEBI Reg.INZ000175635
View details →

Sunrise Securities

Sunrise Gilts & Securities Private Limited

Full-service
CityMumbai
Active Clients60,000
SEBI Reg.INZ000025734
View details →

Evermore

Evermore Share Broking Private Limited

Discount
CityMumbai
Active Clients35,000
SEBI Reg.INZ000022431
View details →

Share Wise

Share Wise Equity Brokers Private Limited

Discount
CityMumbai
Active Clients48,000
SEBI Reg.INZ000300631
View details →

m.Stock

Mirae Asset Capital Markets (India) Private Limited

Discount
CityMumbai
Active Clients2.32 lakh
SEBI Reg.INZ000307437
View details →

Nuvama

Nuvama Wealth Management Limited

Full-service
CityMumbai
Active Clients3.8 lakh
SEBI Reg.INZ000234939
View details →

Frequently Asked Questions

How many SEBI registered stock brokers are there in Mumbai?

There are currently 106 SEBI registered stock brokers listed in Mumbai on NiveshCheck.

Which is the best stock broker in Mumbai?

The best broker depends on your needs (discount vs full-service, trading frequency, research support, etc.). Always compare brokerage charges, platform quality, and customer service before opening an account.

How can I verify if a broker in Mumbai is SEBI registered?

You can check the SEBI registration number on this website and then confirm the latest status on the official SEBI website (www.sebi.gov.in).