Compare 3 Brokers

Indira Securities Vs Alice Blue: Which one is better?

The brokerage of Indira Securities Max Rs 20 per trade while the brokerage of Alice Blue ranges between Rs 20. 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.

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

  • 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 Indira Securities vs Alice Blue on Service

  Indira Securities Compare
Indira Securities
Alice Blue Compare
Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, MCX-SX, NCDEX
Active Clients 1,39,775
Broker Overview Indira Securities, one of the best brokerage houses with the cheapest brokerage offering a free Indira Securities 2-in-1 account, highly advanced trading platforms like TradeInsta mobile app, free research and advisory, and excellent customer service... Know more about Indira Securities Lowest brokerage discount broker offering free delivery trading and flat brokerage of Rs. 15 per order in other segments through the ANT trading platform.
Broker Enquiry Open an Online Trading Account with Indira Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Alice Blue. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

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

Comparison of Indira Securities with Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - Indira Securities offer Free account opening where Alice Blue charges Equity: Rs. 310, Commodity (MCX): Rs. 200, Equity + Commodity: Rs. 500 for account opening. Demat AMC charges - Indira Securities charges Rs 450 PA (2nd Year Onward) AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Indira Securities with Alice Blue
Charges Indira Securities Alice Blue
Trading Account Opening Fees Free Equity: Rs. 310, Commodity (MCX): Rs. 200, Equity + Commodity: Rs. 500
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 450 PA (2nd Year Onward) Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Indira Securities vs Alice Blue on Plan Options

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 - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Indira Securities Alice Blue
Account Opening Request
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Brokerage Charges

Compare Indira Securities vs Alice Blue on Brokerage Charges

Indira Securities Brokerage Plan detail - IndiraTrade have both the plans for its client, discount brokerage plan is a flat fee of Rs 20 per executed order plan for Equity Cash, Equity F&O, Currency & Commodities.

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 with Alice Blue
Brokerage Charges Compare Indira Securities Alice Blue
Plan Name Flat Fee Rs 20 Trading Plan F15 Plan
Equity Delivery Flat Fee Rs 20 Free
Equity Intraday Flat Fee Rs 20 0.01% or Rs 15 whichever is lower
Equity Futures Flat Fee Rs 20 0.01% or Rs 15 whichever is lower
Equity Options Flat Fee Rs 20 Rs 15 per executed order
Currency Futures Flat Fee Rs 20 0.01% or Rs 15 whichever is lower
Currency Options Flat Fee Rs 20 Rs 15 per executed order
Commodity Trading Flat Fee Rs 20 0.01% or Rs 15 whichever is lower
Minimum Brokerage NA NA
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges Free Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for Indira Securities Brokerage Calculator for Alice Blue
SPAN Margin Calculator SPAN Margin Calculator for Indira Securities SPAN Margin Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare Indira Securities vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare Indira Securities with Alice Blue
Transaction Charges Compare Indira Securities Alice Blue
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 210 Per Cr
Equity Options Rs 5000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 120 Per Cr Rs 150 Per Cr
Currency Options Rs 500 Per Cr Rs 4400 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
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Account Features

Compare Indira Securities vs Alice Blue on Account Features

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 - Indira Securities with Alice Blue
Account Features Compare Indira Securities Alice Blue
3 in 1 Account No Indira Securities have 2-in-1 account. Only Demate and Trading account. No Indira Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No 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 Indira Securities vs Alice Blue on Trading Platform

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 with Alice Blue
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) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.indiratrade.com/trade-online
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TradeInsta ANT Mobile
Mobile Trading App Demo TradeInsta Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod TradeInsta Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TradeInsta Download iOS ANT Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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Broker Ratings by Users

Compare Indira Securities vs Alice Blue on User Rating

  Indira Securities Alice Blue
  1 Customer Reviews    Rate Indira Securities 4 Customer Reviews    Rate Alice Blue
Fees Ratings 2.0 3.0
Trading Brokerage Rating 4.0 4.0
Trading Platform Usability 2.0 3.5
Customer Service Ratings 2.0 3.5
Overall Ratings Rated 3.0 stars Rated 2.5 stars
Broker Rating Indira Securities is Rated 3.0 / 5 based on 1 customer reviews Alice Blue is Rated 2.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Indira Securities vs Alice Blue on Investment Offerings

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 with Alice Blue
Investment Offerings Compare Indira Securities 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 No No
ETF Yes Yes
Banking No No
Insurance Yes 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 Indira Securities vs Alice Blue on Order Types

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 Types - Compare Indira Securities with Alice Blue
Order Type Compare Indira Securities 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 Yes No
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Margin/Leverage

Compare Indira Securities vs Alice Blue on Margin/Leverage

Compare Indira Securities with Alice Blue on Exposure/Margin offered by the broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare Indira Securities with Alice Blue
Margin Product Compare Indira Securities Alice Blue
Equity Delivery Margin Indira Securities vs Alice Blue - Equity Delivery Margin No Margin/Leverage for Equity Delivery. No Margin/Leverage for Equity Delivery.
Equity Intraday Margin Indira Securities vs Alice Blue - Equity Intraday Margin Up to 3x to 10x leverage for equity MIS orders. Up to 3x to 8x leverage for equity MIS orders with F15 Plan and 10x for Bracket order.
Futures Margin Indira Securities vs Alice Blue - Futures Margin Up to 4x leverage for Stocks. Up to 2x leverage
Options Margin Indira Securities vs Alice Blue - Options Margin Up to 3x exposure for Options shorting, No leverage for Options Buying. Up to 2x exposure for Options shorting and Buying for MIS orders, Up 4x on buy for cover orders.
Equity CO Margin Indira Securities vs Alice Blue - Equity CO Margin Info Not Available Up to 10x margin/leverage in BO order for selected equity scripts and index.
Futures CO Margin Indira Securities vs Alice Blue - Futures CO Margin Info Not Available Up to 2x margin/leverage in CO/BO order for Futures contracts.
Options CO Margin Indira Securities vs Alice Blue - Options CO Margin Info Not Available Up to 4x margin/leverage on buy with CO order for Options contracts.
Commodity Margin Indira Securities vs Alice Blue - Commodity Margin Up to 4x leverage for MCX futures. Up to 2x on MCX orders.
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Customer Service Offered

Compare Indira Securities vs Alice Blue on Customer Service

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 Support - Compare Indira Securities with Alice Blue
Customer Service Compare Indira Securities Alice Blue
24/7 Customer Service Indira Securities vs Alice Blue - 24x7 customer support Yes No
Email Support Indira Securities vs Alice Blue - Email Support Yes No
Onine Live Chat Indira Securities vs Alice Blue - Onine Live Chat Yes Yes
Phone Support Indira Securities vs Alice Blue - Phone Support Yes Yes
Toll Free Number Indira Securities vs Alice Blue - Toll Free Number Yes No
Through Branches Indira Securities vs Alice Blue - Through Branches Yes Yes
Customer Care Number Indira Securities vs Alice Blue - Customer Care Number 022-66224202,204 080-61575500/22174600
Account Opening Process Indira Securities vs Alice Blue - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Indira Securities vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Indira Securities vs Alice Blue - Knowledge Center/Education https://www.inspireeducation.co/ https://www.aliceblueonline.com/alice-knowledge-base/
Head Office Address Indira Securities vs Alice Blue - Head Office Address/Corporate Address
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore 560063
Website Indira Securities vs Alice Blue - Company Website https://www.indiratrade.com/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare Indira Securities vs Alice Blue on Research Reports, Tips

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

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

Compare Indira Securities vs Alice Blue on Demat Account

Compare Indira Securities with Alice Blue on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare Indira Securities with Alice Blue
  Indira Securities Alice Blue
DP Source CDSL CDSL
DP ID Indira Securities vs Alice Blue - DP ID 752000 83500
Demat Account Annual Maintenance Charges(AMC) ₹450 pa (Second year onwards) Rs 400 PA AMC
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 ₹15 per 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

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Special Offers,Advantages,Disadvantages

Compare Indira Securities vs Alice Blue on Special Offers and Promotion

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

Compare Indira Securities vs Alice Blue on Special Offers and Promotion
  Indira Securities Alice Blue
Pay In and Pay Out Options Indira Securities vs Alice Blue - Pay In and Pay Out Options

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 Indira Securities vs Alice Blue - Payout Time

Max 24 hrs except bank holidays

Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Indira Securities vs Alice Blue - Bank Supported and Charges

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
Likes

Detail Review...

Detail Review...

Dislikes
  • 3-in-1 account is not available with the broker.
  • Clients based in MP and Rajasthan can't access IndiraTrade fixed brokerage plan
  • No NRI provisioning means NRI can't open an account with IndiraTrade.
  • Although BO and CO are available for both the equity and commodity segment but only on the web platform and not available on the TradeInsta mobile app

Detail Review...

  • Alice Blue doesn't offer NRI trading.
  • A 3-in-1 account opening facility is not available.
  • Alice Blue Mutual Fund App is not available on the App Store.
  • 3rd party trading tools are not free and charge a subscription fee.
  • Does not offer fixed income products like bonds.

Detail Review...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order. Free delivery Trading, Zero account opening charges.
Enquiry Enquire about Indira Securities Enquire about Alice Blue

Last Updated on 2020-12-07T11:46:14+00:00


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