Alice Blue Review 2020

Rated 4/5 by Top Share Brokers Team
Alice Blue Review

Contact Alice Blue

Name 

 Phone 
Email   State 
City    NRI Form ⇒

Alice Blue, is one of India’s top broking firms from South India specializing in the zero brokerage costs model. Alice Blue Group incorporated in 2006 and got MCX membership in 2007 under Alice Blue Commodity (P) Ltd. The broking house is a registered trading member of BSE, NSE, MCX, and NCDEX to allow trading & investment in various financial segments such as equities, futures & options, commodities, and currency. Further, being a registered DP with CDSL, Alice Blue also offers depository services to clients. Indian citizens can open a 2-in-1 account with Alice Blue, integrating their Alice Blue demat Account and Alice Blue Trading Account. Notably, the broker is one of the largest commodity broker in South India facilitates commodity trading on MCX and NCDEX.

Alice Blue is one of the best brokerage houses in the country that charges the lowest cost brokerage from clients to trade across different segments. The brokerage house has two different brokerage plans; one is traditional and Freedom 20, also referred as the Alice Blue F20 plan. Traditional plan is a percentage based brokerage plan whereas F20 plan is a flat fee brokerage plan. F20 discount brokerage plan is very popular because of the zero brokerage trading in equity delivery segment and the lowest trading cost across other segments such as intraday, futures & options, commodity, and currency.

The low-cost discount broker offers the best trading platforms to clients to provide them better trading experience. ANT (Analyse and Trade) is the cutting-edge 3rd party trading platform offered by Alice Blue. The brokerage firm provides a range of platforms such as ANT Mobi (Alice Blue Mobile App), ANT Desk (Trading software), ANT Meta (Trading terminal), and ANT Web (Online trading). Apart from this, it also provides various 3rd party trading tools for investment in IPO, mutual funds, smallcase, and others. Apart from this, the broking house also provides advisory facilities on Advisorymandi app where there are number of certified research analysts or advisors available to offer investment advice to customers.

Customers can also access offline services at Alice Blue as the broker has a widespread geographical presence with 1000+ partners and branches all over the country. Any client can visit the nearest branches of the broker and open Alice Blue account offline.

Alice Blue Review 2020 - Quick Summary

One of the lowest brokerage firm with 2-in-1 Alice Blue account including demat and trading account, offering free equity delivery trade and flat brokerage-fee for other segments.


Benefits

  • Trade-in equity, derivatives, commodities, and currency.
  • Brokerage-free or zero-brokerage trading in equity delivery segment.
  • Flat brokerage fee at Rs. 20 each trade across futures & options, commodities, and currencies.
  • Highly advanced trading platforms i.e. ANT Web, ANT Meta, ANT Mobi, and ANT Desk.
  • 2-in-1 account including demat and trading account opening facility.
  • Indian residents can open a free Alice Blue Demat Account at zero account opening charges.
  • Strong geographical presence with 1000+ Alice Blue branches and partners.
  • Availability of margin trading facility.
  • 3rd party tools to invest in mutual funds and IPO.

Considerations

  • It doesn’t provide a 3-in-1 account opening facility to customers.
  • It doesn’t offer free stock market advisory as Advisorymandi is a chargeable service.
  • NRIs can’t open Alice Blue demat and trading account.

Special Offer

Free delivery Trading, Free Lifetime Demat AMC. Sign up now.

Request call back from Alice Blue

Alice Blue Investment Options Compare

Here we are comparing Alice Blue with its 5 close competitors on investment options.

Broker Alice Blue Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes Yes
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Alice Blue Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4.5/5

Alice Blue Account Opening Charges

      »»  Trading Account Opening Charges: Rs 310 for Equity and Rs 200 for Commodity
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 400 PA

Alice Blue Brokerage

The broker has two different brokerage plans - Traditional Plan and F20 Plan. Brokerage fee under both these plans are provided below:

Alice Blue Traditional Brokerage Plan-Percentage based brokerage

  • Equity Delivery: 0.1%
  • Equity Intraday: 0.01%
  • Equity Futures: 0.01%
  • Equity Options: Rs 20 each lot
  • Currency Futures: 0.01%
  • Currency Options: 0.01%
  • Commodity Futures: 0.01%

Alice Blue F20 Brokerage Plan-Flat brokerage fee

  • Equity Delivery: Rs 0 (Free)
  • Equity Intraday: Rs 20 per executed order
  • Equity Futures: Rs 20 per executed order
  • Equity Options: Rs 20 per executed order
  • Currency Futures: Rs 20 per executed order
  • Currency Options: Rs 20 per executed order
  • Commodity Futures: Rs 20 per executed order

Other charges:

  • Alice Blue Call & trade charges: Rs 20/per executed order.
  • Physical digital contract charges – Rs 25/per contract + courier charges.
  • Instant payment gateway – Rs 9/per fund transfer.

Benefits

  • Availability of both the % based brokerage plan and discount brokerage plan.
  • Lowest brokerage fee from clients.
  • Zero brokerage equity delivery trading facility.
  • Flat brokerage of Rs. 20 per order across equity intraday, equity F&O, currency, and commodity under the F20 plan.

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

Alice Blue 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 Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery Free 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options 0.01% or Rs 20 whichever is lower 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options 0.01% or Rs 20 whichever is lower 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Alice Blue Brokerage Calculator


Alice Blue Margin Details

Alice Blue exposure plan varies according to the brokerage plan whether traditional or Freedom plan (F20), provided below;

Alice Blue Traditional Plan

Check here the Alice Blue margin under its traditional plan

Segments MIS Intraday Bracket Order Cover Order CNC-Delivery
Equity 20X 20X NA 3X
Future 10X 20X 20X 1X
Options Buy 3X NA NA 1X
Options Sell 10X NA NA 1X
MCX 10X 20X 20X 1X

Alice Blue Freedom (F20) Plan

Check here the Alice Blue margin under its F20 plan

Segments MIS Intraday Bracket Order Cover Order CNC-Delivery
Equity 10X 20X NA 3X
Future 5X 20X 20X 1X
Options Buy 3X NA NA 1X
Options Sell 5X NA NA 1X
MCX 5X 20X 20X 1X

Open Trading and Demat Account with Alice Blue

Alice Blue, the discount brokerage firm provides different kinds of accounts to facilitate Indian residents to do equity trading, F&O trading, commodity trading, and currency trading. The key account offerings by the broker include the following;

  1. Alice Blue Demat Account

    Alice Blue is a depository participant with CDSL to offer Alice Blue Demat Account facility to clients. The demat account enables people to hold securities i.e. shares, derivatives, and other financial instruments into dematerialized or electronic format.

  2. Alice Blue Trading Account

    The discount brokerage firm facilitates clients to open an Alice Blue trading account to carry out equity trading, F&O trading, commodity trading, and currency trading. Clients can open a 2-in-1 account with Alice Blue to link together the demat as well as a trading account.

  3. Alice Blue Commodity Account

    Alice Blue, being a registered trading member of MCX and NCDEX provides commodity trading services to clients. Customers can open a Commodity Trading Account with Alice Blue to trade in different commodities such as agriculture, energy, precious metal i.e. gold, silver, etc.

Contact Alice Blue

Name 

 Phone 
Email   State 
City    NRI Form ⇒

Alternatives to Alice Blue

 comparison
 comparison
 comparison
 comparison

Alice Blue Trading Platform and Tools

Trading Platforms Rated 4/5

    The broker offers all kinds of trading platforms including online website trading, trading terminal, mobile app, and trading software. Alice Blue platforms are called “ANT” (Analyze and Trade) which is available on desktop, web and mobile app version. The base platform of ANT is TradeLab, which is rebranded for Alice Blue. This is the same software platform used by other brokers in India like Zerodha, Religare, SASOnline, Master Trust and many more. Backend technologies used by ANT is OMNESYS NEST suite of products. OMNESYS NEST is one of the most popular and powerful backend systems in the Indian Financial Market. Around 200+ brokerages house in India uses Omnesys Risk Management System (RMS), Omnesys Order Management System (OMS) and Omnesys API.

    So by tying up with Tradelab and Omnesys, Alice Blue is using the best trading technology and risk management software. The highly advanced platforms enable traders to make smarter decisions by providing superior charting, faster trade execution, live market watch, intelligent alerts, dedicated customer desk, and many more.

    • ANT Mobi

      It is the Alice Blue mobile app that is easily accessible on tablet or Android smartphone. The mobile trading application by Alice Blue enables people to place trades in equity, commodity, and currency on mobile phones. The mobile application is combined with multiple features i.e. market watch lists, live market data, powerful charting, modern analytical tools, and many others.

    • ANT Desk

      ANT Desk is the fully customizable trading software that can be downloaded on a computer or laptop. It is a one-stop-shop that comes with many advanced features including but not restricted to interacting charting, powerful charting, 10 years of historical data, real-time quote and market news, and risk management tools.

    • ANT Web

      Alice Blue ANT Web is a web trading platform that is compatible with all devices such as a computer, laptops, tablet or mobile devices. The online web trading portal facilitates customers to place equity trading, commodity trading, and currency trading. The browser-enabled web trading portal comes with a range of sophisticated and intuitive features i.e. customized watch lists, superior charting, trade from the charts, price alerts and notifications, etc.

    • ANT Meta

      ANT Meta is the trading terminal offered by Alice Blue. The downloadable trading terminal is the most responsive portal that provides a number of features such as powerful charting, technical charts and indicators, user-defined watch lists, automated trading, dedicated customer support, and many others.

    Benefits

    • Multiple market watch lists and customized watch lists.
    • Technical charts, indicators, and drawing tools.
    • Real-time market news and important announcements.
    • Interacting and power charting feature.
    • 24*7 dedicated customer support desk.
    • Trade from the chart facility.
    • An unlimited number of price alerts and notifications.
    • Daily market and research reports.
    • Users can also place After Market Order on Alice Blue trading platforms.
    • Easy fund transfer facility.
    • Backtesting to undertake historical analysis of stock on a particular technical indicator.

    Considerations

    • ANT Mobi, the mobile app provides historical data just for 1 year.
    • The app doesn’t provide scanner and advisory services as well.

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

Alice Blue Trading Platform Compare

Here we are comparing Alice Blue with its 5 close competitors on Trading Platform.

Broker Alice Blue Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Alice Blue

Rated 4/5 by 20 users

Alice Blue is one of the best brokerage firms in the country due to the cheapest brokerage charges from clients. The broker allows zero brokerage equity delivery trade and flat fee of Rs. 20 each order across other segments under F20 brokerage plan. On the technology front, the broking house provides world-class technology such as ANT Mobi, ANT Meta, ANT Desk and ANT Web. However, the only limitation is that the brokerage house has limited offerings and doesn’t provide a 3-in-1 account, loan, bonds, and other financial products. If you’re among the ones who prefers the lowest brokerage, then definitely, Alice Blue is a good choice.

If you like what you have read and want to open an trading and demat account with Alice Blue, leave your contact information with us and we will guide you.

Last updated on 2020-08-21


Reference Topics


Compare 3 Brokers

Compare Alice Blue

Find out how Alice Blue stacks up against other brokers

Alice Blue User Reviews

avatar
79. Dinesh 8/27/2020 6:04:50 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
78. Jegadeesh 8/5/2020 9:43:28 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
77. REJI NP 6/18/2020 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
avatar
76. Purushottam 6/10/2020 9:00:15 PM Reply
Worst broker in managing upcoming customers. High regret to try opening account in Alice blue. Regional contact, support mail ID and all other point of contact are really worse. Paid for services but unable update bank account details since their site is not updated for all IFSC codes. Really Pathetic service.
avatar
75. Kushal Rawat 5/24/2020 2:55:10 PM Reply
aliceblue is third class broker, customer service is very poor always in waiting, mobile app never works properly. not at all recommended to trade through in aliceblue. autosquare off my position without my knowledge in intraday and brokerage and charges are much higher than other broker.
avatar
74. Deepak Ahuja 5/24/2020 3:29:36 AM Reply
You will lose all your Hard earned money becoz of their Waste Systems. They are Placing orders without your knowledge and saying it as Technical error. If you ask they will simply tell you to Mail and the exact response is what I Got placed here " Due to some Technical issue it has been Happen and the position has been carry forward.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
73. GUNASHEKAR 3/6/2020 4:10:20 AM Reply
user friendly app ...........

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
72. Srinivasan 2/11/2020 4:42:39 AM Reply
very slow updation. Cant do quick action. Proceesor and server worst..

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
avatar
71. Aatt 1/14/2020 4:53:00 AM Reply
Useless application for ever

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
70. Parbash kumar 11/17/2019 6:25:20 PM Reply
I opened my account 3 month ago trying to add funds for trading bt i couldn''t then they suggested to change my bank and now i m trying to change my bank account new problem occurs micr code is missing in my passbook .
I talked to the bank they said not a big problem and given me the micr code then i submitted again and now again my bank modification rejected overall meri to lagi padi h aap log decide kro

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Very Poor

Enquire Alice Blue Trading Account:

Name 

 Phone 
Email   State 
City   






Search topsharebrokers.com:

Translate topsharebrokers.com: