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Alice Blue Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 8-Feb-2022
Alice Blue Review

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Alice Blue Review 2022 - Quick Summary

Lowest brokerage discount broker offering free delivery trading and flat brokerage of Rs. 15 per order in other segments through the ANT trading platform.


Rated 4 stars

Alice Blue Top Highlight for 2022

  • Member of BSE, NSE, and MCX to offer equity, F&O, commodity, and currency trading.
  • F15 flat discount brokerage plan charges flat Rs. 15 per order or 0.05% whichever is lower.
  • Zero brokerage delivery trading.
  • Free Alice Blue Demat Account at zero account opening charges.
  • Instant and paperless account opening process.
  • Free access to ANT Flagship trading platform: ANT Web, ANT Desk, ANT Meta, and ANT Mobi.
  • Free direct mutual fund investment through Alice Blue Mutual Funds App or ANT Web.
  • Alice Blue Trade Store has many trading tools for traders and investors.
  • Advanced orders: Bracket order (BO), cover order (CO), and Aftermarket order (AMO).
  • Number one commodity broker in South India.
  • The network of 17 branches and 1000+ partner offices.

About Alice Blue

Started in 2006, Alice Blue is one of the cheapest discount brokers in India and the largest commodity broker in South India. The broker offers online trading in equity, derivatives, commodity, and currency segment. It is also a DP with CDSL to offer depository services through Alice Blue Demat Account.

On the brokerage front, Freedom 15/F15 and Trade Pro (% based brokerage) are the two Alice Blue brokerage plans. Its F15 flat discount brokerage plan offers free delivery trading and charges flat Rs. 15 per order brokerage on trading in other segments like equity intraday, F&O, MCX, and currency. However, the Trade Pro plan charges a fixed percentage brokerage on the trading value.

The low-cost discount broker has ANT (Analyse and Trade) flagship trading platform including ANT Mobi (Alice Blue Mobile App), ANT Web, and ANT Desk (Trading software). ANT Meta terminal software allows trade analysis while ANT Scanner is available on the web and mobile app to filter stocks. It further provides several 3rd party trading tools on the "Trade Store" such as Alice Blue Mutual Fund App, Alice Algo, Algo Bridge, Sensibull, small case, etc.

It has 17 branches and 1000+ partners and franchise offices all over the country to provide offline services to customers. Customers can visit the nearest branches and open an offline account with Alice Blue. Check out "Alice Blue Review" including account opening fee, brokerage charges, trading platforms, and margin/exposure.

Alice Blue Promotion Offer

Free delivery Trading, Zero account opening charges. . Sign up now.

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Alice Blue Brokerage Plan with closest competitors

Here we are comparing Alice Blue with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Alice Blue 5paisa Zerodha Upstox Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 Rs 20 Rs 20 Rs 20 Rs 10
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery Free Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower Free
Equity Intraday 0.05% or Rs 15 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 10 whichever is lower
Equity Futures 0.05% or Rs 15 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 10 whichever is lower
Equity Options Flat Rs 15 per executed order Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 10
Commodity 0.05% or Rs 15 whichever is lower Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.05% or Rs 15 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Rs 15 per executed order Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 10
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Rs 50 per order + GST
  • RMS Auto Square Off Charges: Rs 50 per order + GST
  • Hidden Charges: No

For complete brokerage charges and trading plans detail please visit Alice Blue Brokerage Charges.

Please refer unique and accurate Alice Blue Brokerage Calculator


How to open Alice Blue Account online?

Alice Blue discount broker offers a 2-in-1 account (Demat and trading account) opening facility to residents to trade across multiple exchanges.

Alice Blue Demat Account

    Alice Blue is a DP with CDSL to offer depository services to customers. Open Free Demat account at zero account opening charges and keep shares and mutual funds at one place in the dematerialized form. Alice Blue Demat AMC charges are Rs. 400 PA.

Alice Blue Trading Account

    The trading account facilitates online trading across multiple segments like equity, derivative, commodity, and currency. Clients can open the Alice Blue 2-in-1 account to enjoy a seamless trading experience.

Alice Blue Commodity Trading Account

    Alice Blue is the number one commodity broker in South India that offers online trading in commodities on MCX through opening Alice Blue Commodity Account. The broker charges Rs. 210 commodity trading account opening fee to trade on MCX.

How to Open Alice Blue Account?

There are three ways to open Alice Blue 2-in-1; demat and trading account, here are the details;

  • Open Alice Blue account instantly online following E-KYC based 100% paperless account opening process.
  • Open account offline through submitting duly filled demat and trading account opening form.
  • Request a callback by simply providing your name, e-mail, and mobile number.

Contact AliceBlue

Open Instant and Online account with AliceBlue in 15 mins.
Submit Online Form

Alternatives to Alice Blue

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Alice Blue Mobile App and Trading Platforms

Rated 4 stars Trading Platforms Rated 4/5

Alice Blue provides free access to the ANT (Analyse and Trade) trading platform developed by TradeLab. The discount broker offers all kinds of platforms including mobile trading applications, web platform, trading terminal, or desktop trading software. The broker further provides a range of 3rd party trading tools available on the Alice Blue Trade Store.

ANT Mobi [Alice Blue Mobile App]

    Alice Blue Mobile App is for mobile device users to facilitate trade-on-the-go service. ANT Mobi is an installable mobile app on Android and iOS and has 69+ technical indicators, high-performance charts, Trade from the chart, historical data, 6 types of chart, and ANT Scanner to filter stocks.

ANT Desk [Desktop Trading Software]

    Alice Blue desktop trading software, "ANT Desk" is a fully customizable and feature-rich trading platform designed for professional traders. Advanced charting, fast trade execution, multi-chart watch list, historical data, etc. are some of the key features of the ANT Desk platform.

ANT Web [Web Trading Platform]

    ANT Web is an advanced light-weight online trading platform accessible on modern web browsers and operating systems. The browser-based web trading platform offers a range of sophisticated and intuitive features i.e. customized watch lists, superior charting, one-click trading, price alerts, and notifications, etc. ANT Scanner is also available on the ANT Web to filter stocks across sectors.

ANT Meta

    It is the widely used trading platform to trade across segments like stocks, commodities, and currency. ANT Meta terminal offers access to 120+ markets, 50+ technical charts and indicators, and automated trading techniques.

ANT Scanner

    As the name itself, it is a feature to scan or filter stocks across sectors. It provides details on Top gainers, top losers, 52 week high/lows, Upper/Lower circuit breakers, and more.

Alice Blue BOT

    Alice Blue BOT is a Back office Transformation software to provide all trading and transaction details to customers. Customers can access the BOT software through ANT Web or download the BOT mobile app available on the Play store for android phones. Users can also transfer money (add and withdrawal) to and from their Alice Blue account via BOT.

For detail review of mobile app and download please visit Alice Blue Trading Platform Review.


Alice Blue Trading Cons

  • 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.

Alice Blue Customer Care info


Final thought about Alice Blue

Rated 4 stars Rated 4/5 by 20 users

Alice Blue is one of the best discount brokers in India offering the lowest brokerage online trading with 0 brokerage delivery trading and a maximum of Rs. 15 per order brokerage in other segments. It further allows customers to buy direct mutual funds at zero commission through Alice Blue Mutual Funds App. Trading on multiple exchanges, free access to the ANT flagship trading platform, high intraday margin, BO and CO, and trading tools like small case, Alice Algo, etc. are the reasons to open an account with Alice Blue.

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Last updated on: 2022-02-07


Reference Topics



Alice Blue User Reviews

avatar
86. Akshita Sahai Jan 27 2022 06:11:20 AM Reply
Reports on mobile app not available
Portfolio analysis and PL script wise not available on mobile.
Transactions history not available on ANT mobile

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Below Average
avatar
85. RAVI Oct 11 2021 09:41:18 AM Reply
Antweb trading platform gives problem every now and then. One has to keep waiting when the platform will start working. one has to wait even more than one day. Their claim of lowest brokerage is bogus. Aliceblue fraudulently charges Clearing Member Charges which is about 60% of Brokerage. Most other Brokers are clearing members themselves and do not charge for that.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average
avatar
84. Manojkumar PV Feb 11 2021 07:25:37 PM Reply
I am Manoj Kumar PV, I have an account in Alice Blue. I like to trade Alice Robotic Trade.. I have so many doubts about it. My language is Malayalam, nobody support this language in Kerala.

It is a very shameful thing...
avatar
83. VIKRAM UJJAINKAR Jan 01 2021 07:47:28 AM Reply
Alice Blue good broker Always try to provide best service to customer

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
82. Bharat Dec 15 2020 10:13:42 AM Reply
Alice Blue is a CHEATING COMPANY.
They jointly cheated me of Rs. 2000/- by making me wrongly pay for TRADEX Algo subscription.
Immediately after payment I realised that Tradex is not what I wanted and asked for refund. But no reply from both companies - Alice Blue and Trade - until now.
I have been following up for almost two months now and still the refund has not come.
BOTH COMPANIES HAVE BECOME SILENT. DO NOT EVER TRUST EITHER.
avatar
81. Bharat Dec 05 2020 06:00:47 PM Reply
Alice blue is not giving API keys as promised, no customer service whatsoever
avatar
80. Dinesh Aug 27 2020 06:04:50 AM Reply
Very very worst broker. Never open account with this third class broker.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
79. Jegadeesh Aug 05 2020 09:43:28 AM Reply
Its much better than Zerotha, especially the customer care..

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
78. REJI NP Jun 18 2020 10:29:46 PM Reply
Alice Blue Broker Review and Discussion- Please check SL.NO 67 to 76
Please improve, because of i am waiting for new account open
Regards
Reji