Alice Blue
Alice Blue
Discount Broker

About Broker

Alice Blue is a discount broker offering trading platforms for multiple exchanges, including BSE, NSE, and MCX. As of March 2024, Alice Blue has an active client base of 163,442.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures, and Options) through this broker.

EquityCommodityCurrencyFuturesOptions

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening

Free

Account Maintenance

₹400

Call Trade

₹20

Brokerage

Equity Delivery

Zero

Equity Intraday

0.01% on order value upto ₹15

Equity Futures

0.01% on order value upto ₹15

Equity Options

₹15 per order

Currency Futures

0.01% on order value upto ₹15

Currency Options

₹15 per order

Commodity Futures

0.01% on order value upto ₹15

Commodity Options

₹15 per order

Margins

Equity Delivery

1x As per exchange

Equity Intraday

5x As per exchange

Equity Futures

1x As per exchange

Equity Options

1x As per exchange

Currency Futures

1x As per exchange

Currency Options

1x As per exchange

Commodity Futures

1x As per exchange

Commodity Options

1x As per exchange

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

ANT MobiANT WebTrade School

Other Details

Pros

Advantages and Strengths of this broker.

  • The Freedom (F20) plan includes zero brokerage for Equity Delivery.
  • The trading platform operates on ANT technology.
  • NEST offers a Risk and Order Management System for better trading strategy insights.
  • Customers receive free access to ANT Trading Software.
  • Various third-party online trading tools and applications are accessible.
  • All customers get a free daily market report.

Cons

Disadvantages of this broker that it needs to improve upon.

  • NCDs and corporate bonds are not offered on the platform.
  • Call & Trade services are provided but come with an extra charge of ₹20 per executed order.
  • The platform's interface can feel cluttered due to the abundance of third-party products.
  • There is no assurance of high-quality assistance or support.

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

3-in-1 AccountComplimentary Trading CallsComplimentary ResearchSMS NotificationsLeverage FundingCollateral-Based Margin

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

Mutual FundsIPO Investment PlatformDebt BondsETFs (Exchange-Traded Funds)Insurance Services