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IIFL Securities 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 IIFL Securities Max Rs 20 per trade while the brokerage of Alice Blue ranges between Rs 15. IIFL Securities is a Full Service Broker where Alice Blue is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for IIFL Securities is 4,39,137 where number of active customer for Alice Blue is 1,63,442. IIFL Securities is serving more customer compare to Alice Blue.

Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities vs Alice Blue on Service

	IIFL Securities	Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Active Clients	4,39,137	1,63,442
Broker Overview	IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...	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

Account Opening Charges and AMC

Compare IIFL Securities vs Alice Blue on Trading & Demat Account Opening Charges

Comparison of IIFL Securities 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 - IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Alice Blue

Charges	IIFL Securities	Alice Blue
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 250 PA (Free for 1st year)	Rs 400 PA
Provide DP Service

About Brokerage Plans

Compare IIFL Securities vs Alice Blue on Plan Options

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

Compare IIFL Securities with Alice Blue on Plan Options

Plan Types	IIFL Securities	Alice Blue
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare IIFL Securities vs Alice Blue on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

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.

Share Broker's Transaction Charges

Compare IIFL Securities vs Alice Blue on Transaction Charges

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

Account Features

Compare IIFL Securities vs Alice Blue on Account Features

Compare IIFL Securities 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 - Alice Blue offers Algo Trading where IIFL Securities doesn't offers Algo Trading. Margin Funding - IIFL Securities offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IIFL Securities with Alice Blue

Account Features Compare	IIFL Securities	Alice Blue
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare IIFL Securities vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 IIFL Securities with Alice Blue

Trading Platform Compare	IIFL Securities	Alice Blue
Desktop Trading Platform	IIFL Trader terminal	ANT - Analyse and Trade
Desktop Demo	Desktop Demo	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://ttweb.indiainfoline.com
Web Trading Demo	Info Not Available	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	IIFL Markets	ANT Mobile
Mobile Trading App Demo	IIFL Markets Demo	ANT Mobile Demo
Android Mobile App
Android App Download	Andriod IIFL Markets Download	Andriod ANT Mobile Download
iPhone Mobile App (IOS)
iOS App Download	iOS IIFL Markets Download	iOS ANT Mobile Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for IIFL Securities	Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator	Futures Brokerage Calculator for IIFL Securities	Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator	Options Brokerage Calculator for IIFL Securities	Options Brokerage Calculator for Alice Blue
Detail	Detail on Trading Platforms for iifl-securities	Detail on Trading Platforms for alice-blue

Broker Ratings by Users

Compare IIFL Securities vs Alice Blue on User Rating

	IIFL Securities	Alice Blue
	82 Customer Reviews	8 Customer Reviews
Fees Ratings	3.1	2.6
Trading Brokerage Rating	2.9	3.4
Trading Platform Usability	3.4	2.4
Customer Service Ratings	2.9	2.6
Overall Ratings	2.8	2.1
Broker Rating	IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews	Alice Blue is Rated 2.1 / 5 based on 8 customer reviews

Investment Offerings

Compare IIFL Securities vs Alice Blue on Investment Offerings

Compare IIFL Securities 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) - IIFL Securities provide PMS Service where Alice Blue doesn't offer

Investment Offerings - Compare IIFL Securities with Alice Blue

Investment Offerings Compare	IIFL Securities	Alice Blue
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare IIFL Securities vs Alice Blue on Order Types

Order Type - Compare IIFL Securities 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) - Alice Blue provides Bracket Orders (BO) where IIFL Securities doesn't offer.With the name its cleare 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 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- IIFL Securities offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IIFL Securities with Alice Blue

Order Type Compare	IIFL Securities	Alice Blue
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare IIFL Securities vs Alice Blue on Customer Service

Compare IIFL Securities 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 IIFL Securities with Alice Blue

Customer Service Compare	IIFL Securities	Alice Blue
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-40071000	08035215000/080-45490850
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx	https://tradeschool.aliceblueonline.com/
Head Office Address	IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604	Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063
Website	https://www.indiainfoline.com/	https://www.aliceblueonline.com

Tips/Research/Reports Published

Compare IIFL Securities vs Alice Blue on Research Reports, Tips

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

Research Reports - Compare IIFL Securities with Alice Blue

	IIFL Securities	Alice Blue
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare IIFL Securities vs Alice Blue on Demat Account

Compare IIFL Securities 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 Alice Blue is ₹400 pa where for IIFL Securities is ₹400 pa.

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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 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 IIFL Securities with Alice Blue

	IIFL Securities	Alice Blue
DP Source	CDSL	CDSL
DP ID	44700	83500
Demat Account Annual Maintenance Charges(AMC)	₹400 pa	₹400 pa
Advance Deposit	Nil	Rs 0
Statutory charges	Nil	Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN)	0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)	0.04% of the value of the transaction
Demat	₹15 per certificate + ₹40 courier charges	₹10 per certificate + ₹50 courier charges
Remat	₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges	₹30 per certificate + CDSL charges
Pledge Creation	₹50	₹20 + CDSL charges
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	Nil	₹20 + CDSL charges
Pledge Closure Confirmation	Nil	Nil
Pledge Invocation	Nil	₹20 + CDSL charges
Failed Instruction Charges	Nil	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Alice Blue on Special Offers and Promotion

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

Compare IIFL Securities vs Alice Blue on Special Offers and Promotion

	IIFL Securities	Alice Blue
Pay In and Pay Out Options	Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App. Pay-out/Fund Withdrawal - 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	Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.	Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges	Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.	Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail	India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC	Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232
Likes	Hassle-free onboarding process at zero paperwork. Zero Demat AMC for 1 year. Lowest brokerage online trading at just Rs. 20/order Free state-of-the-art mobile app, web, and desktop trading software. Paperless mutual fund investment at zero brokerage. Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc. Comprehensive equity and mutual funds research. Pre-IPO apply Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order. Margin trading facility. Blogs and knowledge center for beginners. 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	IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility. If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading. 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
Enquiry	Open IIFL Securities Account Now>>	Open Alice Blue Account Now>>