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Finvasia Vs Alice Blue: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of Alice Blue Max Rs 15 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Alice Blue is 1,63,442 where number of active customer for Finvasia is 1,13,306. Alice Blue is serving more customer compare to Finvasia.

Here we present side-by-side comparison of Finvasia vs Alice Blue share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs Alice Blue's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Finvasia vs Alice Blue share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs Alice Blue's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Finvasia vs Alice Blue on Service

  Finvasia Compare
Finvasia
Alice Blue Compare
Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,13,306 1,63,442
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders.
Broker Enquiry Request call back from Zerodha Request call back from Alice Blue
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Account Opening Charges and AMC

Compare Finvasia vs Alice Blue on Trading & Demat Account Opening Charges

Comparison of Finvasia with Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia with Alice Blue
Charges Finvasia Alice Blue
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs Alice Blue on Plan Options

Plans are the most important feature you look when compare Finvasia with Alice Blue. This section compare on high level about type of plans offered by brokers. Multiple Plans - Alice Blue provides Multiple Plans where Finvasia doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Finvasia with Alice Blue on Plan Options
Plan Types Finvasia Alice Blue
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Alice Blue
Account Opening Request
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Brokerage Charges

Compare Finvasia vs Alice Blue on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

Brokerage Charges - Compare Finvasia with Alice Blue
Brokerage Charges Compare Finvasia Alice Blue
Plan Name Zero Brokerage Trading Plan F15 Plan
Equity Delivery Rs 0 Free
Equity Intraday Rs 0 0.05% or Rs 15 whichever is lower
Equity Futures Rs 0 0.05% or Rs 15 whichever is lower
Equity Options Rs 0 Flat Fee Rs 15
Currency Futures Rs 0 0.05% or Rs 15 whichever is lower
Currency Options Rs 0 Flat Fee Rs 15
Commodity Trading Rs 0 Flat Fee Rs 15
Minimum Brokerage NA NA
Hidden Charges No No
Funding Yes, 24% interest PA Yes - 24% interest PA
Call & Trade Charges Free Rs 50 per order + GST
Auto Square off Charges Free Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare Finvasia vs Alice Blue on Transaction Charges

Compare Finvasia with Alice Blue on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with Alice Blue
Transaction Charges Compare Finvasia Alice Blue
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for alice-blue
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Account Features

Compare Finvasia vs Alice Blue on Account Features

Compare Finvasia with Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Finvasia with Alice Blue
Account Features Compare Finvasia Alice Blue
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No No
Online Demo Yes No
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15 PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and Alice Blue. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia with Alice Blue
Trading Platform Compare Finvasia Alice Blue
Desktop Trading Platform OMNESYS NEST ANT - Analyse and Trade
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT ANT Mobile
Mobile Trading App Demo SCALPERT Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS ANT Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare Finvasia vs Alice Blue on User Rating

  Finvasia Alice Blue
  17 Customer Reviews    Rate Finvasia 8 Customer Reviews    Rate Alice Blue
Fees Ratings 4.3 2.6
Trading Brokerage Rating 4.6 3.4
Trading Platform Usability 4.0 2.4
Customer Service Ratings 3.5 2.6
Overall Ratings 4.2 2.1
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare Finvasia vs Alice Blue on Investment Offerings

Compare Finvasia with Alice Blue on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Finvasia with Alice Blue
Investment Offerings Compare Finvasia Alice Blue
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs Alice Blue on Order Types

Order Type - Compare Finvasia with Alice Blue on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with Alice Blue
Order Type Compare Finvasia Alice Blue
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Finvasia vs Alice Blue on Customer Service

Compare Finvasia with Alice Blue on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Finvasia with Alice Blue
Customer Service Compare Finvasia Alice Blue
24/7 Customer Service Finvasia vs Alice Blue - 24x7 customer support No No
Email Support Finvasia vs Alice Blue - Email Support Yes No
Onine Live Chat Finvasia vs Alice Blue - Onine Live Chat Yes Yes
Phone Support Finvasia vs Alice Blue - Phone Support Yes Yes
Toll Free Number Finvasia vs Alice Blue - Toll Free Number No No
Through Branches Finvasia vs Alice Blue - Through Branches No Yes
Customer Care Number Finvasia vs Alice Blue - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 08035215000/080-45490850
Account Opening Process Finvasia vs Alice Blue - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs Alice Blue - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Alice Blue - Knowledge Center/Education https://finvasia.com/announcements https://tradeschool.aliceblueonline.com/
Head Office Address Finvasia vs Alice Blue - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website Finvasia vs Alice Blue - Company Website https://www.finvasia.com/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare Finvasia vs Alice Blue on Research Reports, Tips

Compare Finvasia with Alice Blue on research reports and tips provided by the broker.

Research Reports - Compare Finvasia with Alice Blue
  Finvasia Alice Blue
Research Mutual Funds Finvasia vs Alice Blue - Research Mutual Funds No No
Research Equity Reports Finvasia vs Alice Blue - Research Equity Reports No No
Research ETF Finvasia vs Alice Blue - Research ETF No No
Daily Market Report Finvasia vs Alice Blue - Daily Market Report No Yes
Free Tips Finvasia vs Alice Blue - Free Tips No No
Quarterly Result Analysis Finvasia vs Alice Blue - Quarterly Results No No
News Alerts Finvasia vs Alice Blue - No No
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Demat Account

Compare Finvasia vs Alice Blue on Demat Account

Compare Finvasia with Alice Blue on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for Alice Blue is ₹400 pa. Finvasia is a better choice in terms of Demat AMC compare to Alice Blue.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for Alice Blue is 0.04% of the value of the transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Finvasia with Alice Blue
  Finvasia Alice Blue
DP Source CDSL CDSL
DP ID Finvasia vs Alice Blue - DP ID 84300 83500
Demat Account Annual Maintenance Charges(AMC) Free ₹400 pa
Advance Deposit Rs 0 Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction 0.04% of the value of the transaction
Demat ₹15 per certificate ₹10 per certificate + ₹50 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹30 per certificate + CDSL charges
Pledge Creation ₹25 per transaction ₹20 + CDSL charges
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction ₹20 + CDSL charges
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction ₹20 + CDSL charges
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Alice Blue on Special Offers and Promotion

Compare Finvasia with Alice Blue on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs Alice Blue on Special Offers and Promotion
  Finvasia Alice Blue
Pay In and Pay Out Options Finvasia vs Alice Blue - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Finvasia vs Alice Blue - Payout Time Up to 24 hrs except for bank holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Finvasia vs Alice Blue - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open Zerodha Account Now>> Open Alice Blue Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00