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Zerodha 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 Zerodha Max Rs 20 per trade while the brokerage of Alice Blue Max Rs 20 per trade. Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to Alice Blue. Zerodha is rated 4.5 out of 5 where Alice Blue is rated only 4 out of 5. Number of active customer for Zerodha is 66,38,326 where number of active customer for Alice Blue is 1,41,909. Zerodha is serving more customer compare to Alice Blue.

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

	Zerodha	Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Discount Broker
Exchanges Supported	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX
Active Clients	66,38,326	1,41,909
Broker Overview	Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite trading platform, the largest...	Trade at the lowest brokerage charges on the best platforms! Alice Blue Account offers Rs. 0 delivery trading, Max Rs. 15/order brokerage, free direct mutual fund investment, Tech-driven ANT Trading Platform, excellent customer service, and a plethor...
Broker Enquiry

Account Opening Charges and AMC

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

Comparison of Zerodha with Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - Alice Blue offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - Zerodha charges Rs 300 PA AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha with Alice Blue

Charges	Zerodha	Alice Blue
Trading Account Opening Fees	Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 300 PA	Rs 400 PA
Provide DP Service

About Brokerage Plans

Compare Zerodha vs Alice Blue on Plan Options

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

Compare Zerodha with Alice Blue on Plan Options

Plan Types	Zerodha	Alice Blue
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Zerodha vs Alice Blue on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

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 Zerodha vs Alice Blue on Transaction Charges

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

Account Features

Compare Zerodha vs Alice Blue on Account Features

Compare Zerodha with Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 account where Alice Blue offers only 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 - Zerodha with Alice Blue

Account Features Compare	Zerodha	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	3:10 PM	3:15 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare Zerodha vs Alice Blue on Trading Platform

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

Trading Platform Compare	Zerodha	Alice Blue
Desktop Trading Platform	Kite By Zerodha	ANT - Analyse and Trade
Desktop Demo	Info Not Available	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail
Web Trading Demo	Web Trading Demo	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	Zerodha Kite	ANT Mobile
Mobile Trading App Demo	Zerodha Kite Demo	ANT Mobile Demo
Android Mobile App
Android App Download	Andriod Zerodha Kite Download	Andriod ANT Mobile Download
iPhone Mobile App (IOS)
iOS App Download	iOS Zerodha Kite 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 Zerodha	Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator	Futures Brokerage Calculator for Zerodha	Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator	Options Brokerage Calculator for Zerodha	Options Brokerage Calculator for Alice Blue
Detail	Detail on Trading Platforms for zerodha	Detail on Trading Platforms for alice-blue

Broker Ratings by Users

Compare Zerodha vs Alice Blue on User Rating

	Zerodha	Alice Blue
	159 Customer Reviews	8 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Zerodha is Rated 3.9 / 5 based on 159 customer reviews	Alice Blue is Rated 2.1 / 5 based on 8 customer reviews

Investment Offerings

Compare Zerodha vs Alice Blue on Investment Offerings

Compare Zerodha 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 Zerodha with Alice Blue

Investment Offerings Compare	Zerodha	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 Zerodha vs Alice Blue on Order Types

Order Type - Compare Zerodha 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 Zerodha 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- Zerodha offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Zerodha with Alice Blue

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

Customer Service Offered

Compare Zerodha vs Alice Blue on Customer Service

Compare Zerodha 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 Zerodha with Alice Blue

Customer Service Compare	Zerodha	Alice Blue
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	"+ 91 80 4040 2020"	08035215000/080-45490850
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://zerodha.com/varsity/	https://tradeschool.aliceblueonline.com/
Head Office Address	Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078	Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore – 560063
Website	https://zerodha.com/	https://www.aliceblueonline.com

Tips/Research/Reports Published

Compare Zerodha vs Alice Blue on Research Reports, Tips

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

Research Reports - Compare Zerodha with Alice Blue

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

Demat Account

Compare Zerodha vs Alice Blue on Demat Account

Compare Zerodha 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 Zerodha is ₹300 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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per 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 Zerodha with Alice Blue

	Zerodha	Alice Blue
DP Source	CDSL	CDSL
DP ID	81600	83500
Demat Account Annual Maintenance Charges(AMC)	₹300 pa	₹400 pa
Advance Deposit	Nil	Rs 0
Statutory charges	₹50	Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN)	₹8 + ₹5.50 (CDSL Charges) per transaction	0.04% of the value of the transaction
Demat	₹150 per certificate + ₹100 courier charges	₹10 per certificate + ₹50 courier charges
Remat	₹150 per certificate + ₹100 courier charges + CDSL Charges	₹30 per certificate + CDSL charges
Pledge Creation	₹20 + ₹12 CSDL charges	₹20 + CDSL charges
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	₹20 + ₹12 CSDL charges	₹20 + CDSL charges
Pledge Closure Confirmation	Nil	Nil
Pledge Invocation	₹20	₹20 + CDSL charges
Failed Instruction Charges	₹50 per instraction	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Zerodha vs Alice Blue on Special Offers and Promotion

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

Compare Zerodha vs Alice Blue on Special Offers and Promotion

	Zerodha	Alice Blue
Pay In and Pay Out Options	pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite 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 for bank holidays	Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges	Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).	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#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240	Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232
Likes	0 brokerage on delivery trades. Max Rs. 20 brokerage on intraday and F&O trades. Open Zerodha IDFC First 3-in-1 Account (Demat + Trading + IDFC First Bank). Zero brokerage investment in direct mutual funds on Coin. 100% online account opening and account closure facility. Apply for IPO online for Free. Kite superfast and feature-rich web and app trading platform. No upfront fee or commitment. Zerodha Varsity, a free stock-market learning platform for beginners. Zerodha offers NRI Trading services. Free UPI-based hassle-free fund transfer process. Advanced order placement facility; bracket order, cover order, and after-market order. Zerodha GTT (Good Till Triggered) order feature. Zero minimum deposit. No hidden charges. Zero-level Debt Company. Detail Review...	Trade on BSE, NSE, and MCX at Rs. 15 flat brokerages. Zero brokerage or commission-free investment in direct mutual funds. Lifetime zero brokerage delivery trading. Powerful charting, lots of technical indicators, and stock screeners. Alice Blue Tradestore, a marketplace for advanced trading products. Alice Blue offers free ANT API access for the Algo trading facility. Advanced orders such as bracket order (BO), cover order (CO), and after market order (AMO). Pledge shares without POA. Alice Blue Trade School, a stock market education platform for beginners to experts. Plethora of learning resources for beginners; Tradeschool, Aspiring Investor Program, and ANT IQ Blog. Become a Partner with Alice Blue to Earn, Scale, and Grow your business. TradeLink, a free online tool to share your trading ideas. Alice Blue refer & earn program provides 2-sided benefits to both referral and referee. Strong PAN India presence in 20 cities with over 12,000 partners. No minimum brokerage. Detail Review...
Dislikes	Zerodha doesn’t offer intraday trading tips, recommendations, research, or advisory facility. High call & trade charges of Rs. 50 per executed order. High auto square off charges of Rs. 50 per executed order. Zerodha does not provide Free Unlimited Monthly Brokerage Plan. The 3-in-1 account opening facility is only available with IDFC First Bank. Zerodha only offers NSE SME IPO, IPO that will list on the BSE SME platform are not available. Detail Review...	A 3-in-1 account opening facility is unavailable. It does not offer zero brokerage unlimited monthly trading plans. Alice Blue does not provide NRI trading services. You cannot place Good Till Canceled (GTC) order in Alice Blue. High Demat AMC charges. Alice Blue Mutual Fund App is not available on the App Store. Detail Review...
Special Offers/Promo	Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry	Open Zerodha Account Now>>	Open Alice Blue Account Now>>