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Nuvama Wealth 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 Nuvama Wealth Max Rs 10 per trade while the brokerage of Alice Blue Max Rs 15 per trade. Both the brokers are Discount Brokers. Nuvama Wealth is having overall lower rating compare to Alice Blue. Nuvama Wealth is rated only 3.5 out of 5 where Alice Blue is rated 4 out of 5. Number of active customer for Nuvama Wealth is 1,74,590 where number of active customer for Alice Blue is 1,63,460. Nuvama Wealth is serving more customer compare to Alice Blue.

Here we present side-by-side comparison of Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth vs Alice Blue on Service

  Nuvama Wealth Compare
Nuvama Wealth
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 1,74,590 1,63,460
Broker Overview One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... Know more about Nuvama Wealth 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 Nuvama Wealth Request call back from Alice Blue
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Account Opening Charges and AMC

Compare Nuvama Wealth vs Alice Blue on Trading & Demat Account Opening Charges

Comparison of Nuvama Wealth 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 - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth with Alice Blue
Charges Nuvama Wealth Alice Blue
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs Alice Blue on Plan Options

Plans are the most important feature you look when compare Nuvama Wealth 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 Nuvama Wealth with Alice Blue on Plan Options
Plan Types Nuvama Wealth Alice Blue
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Nuvama Wealth Alice Blue
Account Opening Request
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Brokerage Charges

Compare Nuvama Wealth vs Alice Blue on Brokerage Charges

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

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 Nuvama Wealth with Alice Blue
Brokerage Charges Compare Nuvama Wealth Alice Blue
Plan Name Nuvama Lite F15 Plan
Equity Delivery Flat Rs. 10 per executed order Free
Equity Intraday Flat Rs. 10 per executed order 0.05% or Rs 15 whichever is lower
Equity Futures Flat Rs. 10 per executed order 0.05% or Rs 15 whichever is lower
Equity Options Flat Rs. 10 per executed order Flat Fee Rs 15
Currency Futures Flat Rs. 10 per executed order 0.05% or Rs 15 whichever is lower
Currency Options Flat Rs. 10 per executed order Flat Fee Rs 15
Commodity Trading 0.01% Flat Fee Rs 15
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Yes - 24% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 20 per call Rs 50 per order + GST
Auto Square off Charges Rs 20 Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare Nuvama Wealth with Alice Blue
Transaction Charges Compare Nuvama Wealth 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 nuvama-wealth Complete Brokerage Plans for alice-blue
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Account Features

Compare Nuvama Wealth vs Alice Blue on Account Features

Compare Nuvama Wealth 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 - Nuvama Wealth offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Nuvama Wealth with Alice Blue
Account Features Compare Nuvama Wealth Alice Blue
3 in 1 Account No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account. No Nuvama Wealth 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 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Nuvama Wealth vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth 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 Nuvama Wealth with Alice Blue
Trading Platform Compare Nuvama Wealth Alice Blue
Desktop Trading Platform Xtreme Trader 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://tlounge.edelweiss.in/Login
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Nuvama Mobile Trader ANT Mobile
Mobile Trading App Demo Nuvama Mobile Trader Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Nuvama Mobile Trader 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 Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare Nuvama Wealth vs Alice Blue on User Rating

  Nuvama Wealth Alice Blue
  4 Customer Reviews    Rate Nuvama Wealth 8 Customer Reviews    Rate Alice Blue
Fees Ratings 2.8 2.6
Trading Brokerage Rating 3.0 3.4
Trading Platform Usability 3.5 2.4
Customer Service Ratings 1.8 2.6
Overall Ratings 2.0 2.1
Broker Rating Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs Alice Blue on Investment Offerings

Compare Nuvama Wealth 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) - Nuvama Wealth provide PMS Service where Alice Blue doesn't offer

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

Compare Nuvama Wealth vs Alice Blue on Order Types

Order Type - Compare Nuvama Wealth 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 Nuvama Wealth 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- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare Nuvama Wealth vs Alice Blue on Customer Service

Compare Nuvama Wealth 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 Nuvama Wealth with Alice Blue
Customer Service Compare Nuvama Wealth Alice Blue
24/7 Customer Service Nuvama Wealth vs Alice Blue - 24x7 customer support No No
Email Support Nuvama Wealth vs Alice Blue - Email Support Yes No
Onine Live Chat Nuvama Wealth vs Alice Blue - Onine Live Chat No Yes
Phone Support Nuvama Wealth vs Alice Blue - Phone Support Yes Yes
Toll Free Number Nuvama Wealth vs Alice Blue - Toll Free Number Yes No
Through Branches Nuvama Wealth vs Alice Blue - Through Branches Yes Yes
Customer Care Number Nuvama Wealth vs Alice Blue - Customer Care Number 1800 102 3335 08035215000/080-45490850
Account Opening Process Nuvama Wealth vs Alice Blue - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Nuvama Wealth vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Nuvama Wealth vs Alice Blue - Knowledge Center/Education https://www.nuvamawealth.com/investology https://tradeschool.aliceblueonline.com/
Head Office Address Nuvama Wealth vs Alice Blue - Head Office Address/Corporate Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website Nuvama Wealth vs Alice Blue - Company Website https://www.nuvamawealth.com/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare Nuvama Wealth vs Alice Blue on Research Reports, Tips

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

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

Compare Nuvama Wealth vs Alice Blue on Demat Account

Compare Nuvama Wealth 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 Nuvama Wealth is Free (₹1500 one time charges) where for Alice Blue is ₹400 pa. Nuvama Wealth 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 Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction 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

Demat Charges - Compare Nuvama Wealth with Alice Blue
  Nuvama Wealth Alice Blue
DP Source CDSL CDSL
DP ID Nuvama Wealth vs Alice Blue - DP ID 19100 83500
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) ₹400 pa
Advance Deposit NIL Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher 0.04% of the value of the transaction
Demat ₹2 per certificate + ₹30 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹30 per certificate + CDSL charges
Pledge Creation 0.02% of transaction value (Min ₹50) ₹20 + CDSL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.02% of transaction value (Min ₹50) ₹20 + CDSL charges
Pledge Closure Confirmation Nil Nil
Pledge Invocation 0.02% of transaction value (Min ₹50) ₹20 + CDSL charges
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs Alice Blue on Special Offers and Promotion

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

Compare Nuvama Wealth vs Alice Blue on Special Offers and Promotion
  Nuvama Wealth Alice Blue
Pay In and Pay Out Options Nuvama Wealth vs Alice Blue - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
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 Nuvama Wealth vs Alice Blue - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Nuvama Wealth vs Alice Blue - Bank Supported and Charges Info Not Available Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Likes
  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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
  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

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 Nuvama Wealth Account Now>> Open Alice Blue Account Now>>

Last Updated on 2024-01-15T22:01:18+00:00