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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 15 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 63,24,623 where number of active customer for Alice Blue is 1,50,529. 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 Compare
Zerodha
Alice Blue Compare
Alice Blue
Overall Rating Rated 4.5 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 4.5 stars
Trading Platform Rated 4.5 stars Rated 4 stars
Investments Offering Rated 4 stars Rated 3 stars
Customer Service Rated 4.5 stars Rated 4 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 63,24,623 1,50,529
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 app, and web trading platform... Know more about Zerodha 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...Know more about Alice Blue
Broker Enquiry Request call back from Zerodha Request call back from Alice Blue
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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 Yes Yes
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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 No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Alice Blue
Account Opening Request
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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.

Brokerage Charges - Compare Zerodha with Alice Blue
Brokerage Charges Compare Zerodha Alice Blue
Plan Name Max Rs 20 per order Trading Plan F15 Plan
Equity Delivery Free Free
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 15
Minimum Brokerage NIL NA
Hidden Charges No No
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Rs 50 Per Executable Order Rs 50 per order + GST
Auto Square off Charges Rs 50 Per Executable Order Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Alice Blue
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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.

Transaction Charges - Compare Zerodha with Alice Blue
Transaction Charges Compare Zerodha Alice Blue
Equity Delivery Rs 335 Per Cr Rs 335 Per Cr
Equity Intraday Rs 335 Per Cr Rs 335 Per Cr
Equity Futures Rs 200 Per Cr Rs 200 Per Cr
Equity Options Rs 5050 Per Cr Rs 5050 Per Cr
Currency Futures Rs 90 Per Cr Rs 90 Per Cr
Currency Options Rs 3500 Per Cr Rs 3500 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for alice-blue
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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 Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No No
Online Demo Yes No
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:10 PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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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) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite ANT Mobile
Mobile Trading App Demo Zerodha Kite Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Zerodha Kite 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 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

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Broker Ratings by Users

Compare Zerodha vs Alice Blue on User Rating

  Zerodha Alice Blue
  159 Customer Reviews    Rate Zerodha 8 Customer Reviews    Rate Alice Blue
Fees Ratings 4.0 2.6
Trading Brokerage Rating 4.5 3.4
Trading Platform Usability 3.7 2.4
Customer Service Ratings 3.8 2.6
Overall Ratings Rated 3.9 stars Rated 2.1 stars
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
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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 Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No 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 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 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 Yes No
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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 Zerodha vs Alice Blue - 24x7 customer support No No
Email Support Zerodha vs Alice Blue - Email Support Yes No
Onine Live Chat Zerodha vs Alice Blue - Onine Live Chat No Yes
Phone Support Zerodha vs Alice Blue - Phone Support Yes Yes
Toll Free Number Zerodha vs Alice Blue - Toll Free Number No No
Through Branches Zerodha vs Alice Blue - Through Branches Yes Yes
Customer Care Number Zerodha vs Alice Blue - Customer Care Number "+ 91 80 4040 2020" 08035215000/080-45490850
Account Opening Process Zerodha vs Alice Blue - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Zerodha vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Zerodha vs Alice Blue - Knowledge Center/Education https://zerodha.com/varsity/ https://tradeschool.aliceblueonline.com/
Head Office Address Zerodha vs Alice Blue - Head Office Address/Corporate 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 Zerodha vs Alice Blue - Company Website https://zerodha.com/ https://www.aliceblueonline.com
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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 Zerodha vs Alice Blue - Research Mutual Funds No No
Research Equity Reports Zerodha vs Alice Blue - Research Equity Reports No No
Research ETF Zerodha vs Alice Blue - Research ETF No No
Daily Market Report Zerodha vs Alice Blue - Daily Market Report No Yes
Free Tips Zerodha vs Alice Blue - Free Tips No No
Quarterly Result Analysis Zerodha vs Alice Blue - Quarterly Results No No
News Alerts Zerodha vs Alice Blue - No No
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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 Zerodha vs Alice Blue - 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
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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 Zerodha 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 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 Zerodha vs Alice Blue - Payout Time Max 24 hrs except for bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Zerodha vs Alice Blue - 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

Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows;

  • 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 (Mainboard IPO and BSE SME & NSE SME 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

Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha

  • 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.
  • Lifetime Zero Demat AMC account is not available.
  • Zerodha does not provide Free Unlimited Monthly Brokerage Plan.
  • The 3-in-1 account opening facility is only available with IDFC First Bank.

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>>

Last Updated on 2023-09-13T05:06:06+00:00