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Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Indira Securities Max 0.01% to 0.10% per trade while the brokerage of Alice Blue ranges between Rs 15. Indira 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 Alice Blue is 1,63,460 where number of active customer for Indira Securities is 8,736. Alice Blue is serving more customer compare to Indira Securities.
Here we present side-by-side comparison of Indira 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 Indira 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 Indira 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 Indira Securities vs Alice Blue's on
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.
 Indira Securities |
 Alice Blue |
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|---|---|---|
| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
Broker Type
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Full Service Broker | Discount Broker |
| Exchanges Supported
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NSE, BSE, MCX | BSE, NSE, MCX, NCDEX |
| Active Clients | 8,736 | 1,63,460 |
| Broker Overview | Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...  |
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 |
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Comparison of Indira 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 - Both broker charge Rs 400 PA AMC for Demat Account.
| Charges | Indira Securities | Alice Blue |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 400 PA | Rs 400 PA |
| Provide DP Service |  |
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Plans are the most important feature you look when compare Indira 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 Indira Securities doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
| Plan Types | Indira Securities | Alice Blue |
|---|---|---|
| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | Alice Blue | |
|---|---|---|
| Account Opening Request |
Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.
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 | Indira Securities | Alice Blue |
|---|---|---|
| Plan Name | Traditional Brokerage Plan | F15 Plan |
| Equity Delivery | 0.10% | Free |
| Equity Intraday | 0.01% | 0.05% or Rs 15 whichever is lower |
| Equity Futures | 0.01% | 0.05% or Rs 15 whichever is lower |
| Equity Options | Rs. 25 per lot (both side) | Flat Fee Rs 15 |
| Currency Futures | Flat Fee Rs 20 | 0.05% or Rs 15 whichever is lower |
| Currency Options | Futures: 0.01%|Options: Rs. 25 per lot (both side) | Flat Fee Rs 15 |
| Commodity Trading | Futures: 0.01%|Options: Rs. 25 per lot (both side) | Flat Fee Rs 15 |
| Minimum Brokerage | NA | NA |
| Hidden Charges | Info Not Available | No |
| Funding | Yes - 18% 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 Indira Securities | Brokerage Calculator for Alice Blue |
Compare Indira Securities with Alice Blue on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Indira Securities | 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| Agri Rs 600 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for indira-securities | Complete Brokerage Plans for alice-blue |
Compare Indira 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 - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Indira Securities offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.
| Account Features Compare | Indira Securities | Alice Blue |
|---|---|---|
| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Indira 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 | Indira Securities | Alice Blue |
|---|---|---|
| Desktop Trading Platform | ODIN Diet | ANT - Analyse and Trade |
| Desktop Demo | Desktop Demo | Info Not Available |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | https://www.indiratrade.com/trade-online | |
| Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | TradeInsta | ANT Mobile |
| Mobile Trading App Demo | TradeInsta Demo | ANT Mobile Demo |
| Android Mobile App | |
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| Android App Download | Andriod TradeInsta Download | Andriod ANT Mobile Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS TradeInsta Download | iOS ANT Mobile Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Indira Securities | Equity Intraday and Delivery Brokerage Calculator for Alice Blue |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Indira Securities | Futures Brokerage Calculator for Alice Blue |
| Options Brokerage Calculator | Options Brokerage Calculator for Indira Securities | Options Brokerage Calculator for Alice Blue |
| Detail | Detail on Trading Platforms for indira-securities | Detail on Trading Platforms for alice-blue |
| Indira Securities | Alice Blue | |
|---|---|---|
1 Customer Reviews
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8 Customer Reviews
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| Fees Ratings | 2.0 | 2.6 |
| Trading Brokerage Rating | 4.0 | 3.4 |
| Trading Platform Usability | 2.0 | 2.4 |
| Customer Service Ratings | 2.0 | 2.6 |
| Overall Ratings | 3.0 | 2.1 |
| Broker Rating | Indira Securities is Rated 3.0 / 5 based on 1 customer reviews | Alice Blue is Rated 2.1 / 5 based on 8 customer reviews |
Compare Indira 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) - both the brokers don't have PMS Service.
| Investment Offerings Compare | Indira Securities | Alice Blue |
|---|---|---|
| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Mutual Funds | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Indira 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) - 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- Indira Securities offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | Indira Securities | Alice Blue |
|---|---|---|
| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Compare Indira 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 Service Compare | Indira Securities | Alice Blue |
|---|---|---|
| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Toll Free Number
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| Through Branches
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| Customer Care Number
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+91-(0)731-4797105/115/146 | 08035215000/080-45490850 |
| Account Opening Process
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Online/Paperless | Online/Paperless |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://www.indiratrade.com/blog | https://tradeschool.aliceblueonline.com/ |
| Head Office Address
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Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
| Website
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https://www.indiratrade.com/ | https://www.aliceblueonline.com |
Compare Indira Securities with Alice Blue on research reports and tips provided by the broker.
| Indira Securities | Alice Blue | |
|---|---|---|
| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Compare Indira 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 Indira Securities is ₹450 pa (Second year onwards).
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 Indira Securities is ₹20 or 0.02% whichever is higher 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
| Indira Securities | Alice Blue | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID
|
752000 | 83500 |
| Demat Account Annual Maintenance Charges(AMC) | ₹450 pa (Second year onwards) | ₹400 pa |
| Advance Deposit | Nil | Rs 0 |
| Statutory charges | Nil | Rs 150 Stamp Charges |
| Transaction Charges on Debit (Per ISIN) | ₹20 or 0.02% whichever is higher | 0.04% of the value of the transaction |
| Demat | ₹5 per certificate + ₹35 courier charges | ₹10 per certificate + ₹50 courier charges |
| Remat | ₹50 per RRN | ₹30 per certificate + CDSL charges |
| Pledge Creation | ₹50 | ₹20 + CDSL charges |
| Pledge Creation Confirmation | Nil | Nil |
| Pledge Closure | ₹50 | ₹20 + CDSL charges |
| Pledge Closure Confirmation | Nil | Nil |
| Pledge Invocation | ₹50 or 0.02% whichever is higher | ₹20 + CDSL charges |
| Failed Instruction Charges | ₹25 | Nil |
| Other Charges | Book Charges ₹20,POA Charges ₹130 | Nil |
Compare Indira Securities with Alice Blue on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Indira Securities | Alice Blue | |
|---|---|---|
| Pay In and Pay Out Options
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Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta. 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
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Max 24 hrs except bank holidays |
Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges
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Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta). |
Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. |
| Bank Detail | HDFC Bank
Account#00360340002251 Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP IFSC Code:HDFC0000036 |
Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232 |
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| Special Offers/Promo | Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order. | |
| Enquiry | Open Zerodha Account Now>> | Open Alice Blue Account Now>> |
Last Updated on 2023-09-14T06:48:55+00:00
