Today, we are going to talk about “Zerodha vs Alice Blue: Which is best one Broker for you?” So, Through in this article we will help you to choose the best one! To do that we need to compare its features, brokerage charges, AMC charges, Trading Plateform and Pros-Cons of both Brokers.
Let’s see, who will won this fight: Zerodha vs Alice Blue!
Zerodha vs Alice Blue: About
Zerodha
Zerodha is India’s leading stock broker, offering online flat fee discount brokerage services across a wide range of investment products, including equity, currency, commodity, IPO, futures & options, bonds, government securities, and direct mutual funds.
For equity delivery trades and direct mutual funds, Zerodha charges no brokerage. For intraday and futures trading, it charges a flat fee of Rs 20 or 0.03% (whichever is lower) per trade. Additionally, for options trades, it charges a flat fee of Rs 20 per executed order….Read More
Alice Blue
Today, Alice Blue stands tall as a trusted partner to over 5 lakh clients spread across 20 major cities in India.
Its longstanding membership with prominent exchanges, including MCX, NSE, NCDEX, MCX-SX, BSE, and CDSL, underscores its commitment to providing a diverse range of trading opportunities.
As a pioneer in discount broking, AliceBlue empowers investors to navigate the intricacies of the financial markets with ease and efficiency.
Its flagship Freedom 15 Brokerage Plan revolutionized the industry with its transparent and cost-effective pricing structure, charging a flat fee of ₹15 for Intraday and F&O Trading while offering FREE Equity, IPO, and Mutual Funds Investments….Read More
Zerodha vs Alice Blue: Overview
| Details | Zerodha | Alice Blue |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX, and NCDEX | MCX, NSE, NCDEX, MCX-SX, BSE, CDSL |
| Founded in | 2010 | December 2006 |
| Number of Branches | 75+ | 16 |
| Users | 15 million+ (9.5 Active users) | Over 1 million |
| Rating on Playstore | ⭐4.0 Out of ⭐5.0 (Based on 326K Votes) | ⭐4.1 Out of ⭐5.0 (Based on 6K votes) |
| Downloads on Playstore | 10M+ | Over 100K+ |
| Founder by | Nithin Kamath and Nikhil Kamath | Sandeep M. |
| Website | zerodha.com | aliceblueonline.com |
Zerodha vs Alice Blue: Key Features
| Feature | Zerodha | Alice Blue |
|---|---|---|
| Trading Platforms | Kite Web, Kite Mobile for Android/iOS, and Coin | Front End: ANT |
| Charting | Yes | Yes |
| Automated Trading | Yes | Yes |
| SMS Alerts | No | No |
| Online Demo | Yes | Yes |
| Online Portfolio | No | Yes |
| Margin Trading | No | No |
| Margin Against Shares (Equity Cash) | Yes | No |
| Margin Against Shares (Equity F&O) | Yes | No |
| Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O: 3:25 PM |
| Trading In SME Shares Allowed? | Yes | – |
| Referral Program | Yes | Yes |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | – |
Zerodha vs Alice Blue: Brokerage Charges
| Feature | Zerodha | Alice Blue |
|---|---|---|
| Equity Delivery | Free | Free |
| Equity Intraday | 0.03% or Rs 20 per trade, whichever is lower | 0.05% or Rs 15 per trade, whichever is lower |
| Equity Futures | 0.03% or Rs 20 per trade, whichever is lower | 0.05% or Rs 15 per trade, whichever is lower |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Currency Futures | 0.03% or Rs 20 per trade, whichever is lower | 0.05% or Rs 15 per trade, 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 Charges | Not Available | Yes – 24% interest PAC |
| 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 |
Zerodha and Alice Blue both offer competitive brokerage fees across various trading segments.
Zerodha has a slight edge in terms of equity delivery trading, offering zero brokerage, while Alice Blue’s F15 plan provides a flat fee of Rs 15 per trade for all segments except equity delivery.
The choice between Zerodha and Alice Blue will depend on your individual trading preferences and needs.
Zerodha vs Alice Blue: Demat Account Comparison
| Feature | Zerodha | Alice Blue |
|---|---|---|
| Demat Account Opening Fee | ₹50 (Stamp charges payable upfront) | ₹0 |
| Demat Account AMC | ₹300 + GST (Individuals/Non Individual except Corporate) | ₹400 per year |
| Advance Deposit | ₹0 | ₹0 |
| Dematerialisation Charges | ₹150 per certificate (+ ₹100 Courier charges) | ₹10 per certificate + ₹50 per request |
| Rematerialisation Charges | ₹150 per certificate + CDSL charges + ₹100 Courier charges | ₹30 per request + CDSL Fee + ₹10 per 100 securities |
| Transaction Charges (Credit or Buy) | Market Trades: ₹13.5 + GST | 0.04% of the value of the transaction (minimum ₹20) |
| Transaction Charges (Debit or Sell) | Off-Market Trades: 0.03% of ₹25 whichever is higher + GST | 0.04% of the value of the transaction (minimum ₹20) |
| Pledge Creation Charges | ₹30 per request + GST | 0.04% of the value of the transaction (minimum ₹40) |
| Pledge Creation Confirmation Charges | ₹0 | ₹0 |
| Pledge Invocation Charges | ₹20 | 0.04% of the value of the transaction (minimum ₹40) |
| Failed Instruction Charges | ₹50 per ISIN | |
| Other Charges | Cheque Bounce: ₹350 | |
| Power of Attorney (PoA) | ₹150 | |
| Courier Charges | ₹100 per request | |
| Additional DIS Booklet | ₹100 per booklet |
Zerodha vs Alice Blue: Investment Options
| Investment Option | Zerodha | Alice Blue |
|---|---|---|
| Stocks | Yes | Yes |
| Commodities | Yes | Yes |
| Currency | Yes | Yes |
| IPOs | Yes | No |
| Mutual Funds | Yes | Yes |
| Bonds/NCDs | No | Yes |
| Debt Instruments | No | Yes |
| Other Investment Options | Direct Mutual Funds, APIs for Algo Trading | – |
Zerodha vs Alice Blue: Trading Plateforms
Both Zerodha and Alice Blue offer user-friendly trading platforms that cater to different trading styles and preferences.
Zerodha
- Kite Web: A browser-based trading platform that offers powerful charting tools, technical indicators, and advanced order types.
- Kite Mobile: A mobile trading app for Android and iOS devices that provides real-time market updates, order execution, and portfolio tracking.
- Coin: A platform for investing in direct mutual funds at zero brokerage.
Alice Blue
- ANT (Analysis and Trade): A desktop-based trading platform that offers a customizable interface, advanced charting tools, and algorithmic trading capabilities.
- Alice Algo:
- Description: Web and app-based Algo Trading tool making trading smarter and simpler.
- Pricing: Subscription Based for your convenience.
- ANT IQ:
- Description: A cool platform to build your trading strategy using Fibonacci, indicators, and patterns.
- Pricing: Lifetime Free because we like keeping things simple.
Zerodha vs Alice Blue: Leverage (Margin)
Comparison of Zerodha and Alice Blue’s leverage (margin):
| Segment | Zerodha | Alice Blue |
|---|---|---|
| Equity Delivery | Up to 100% of trade value (1x leverage) | Up to 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | Up to 100% of NRML margin (Span + Exposure) (1x leverage) | Up to 100% of NRML margin (Span + Exposure) (1x leverage) |
Both Zerodha and Alice Blue offer similar leverage for equity delivery and intraday trading. For F&O trading, the leverage is determined by the NRML margin (Span + Exposure) set by the exchange.
Zerodha vs Alice Blue: Regualtions
Both Zerodha and Alice Blue are registered with the Securities and Exchange Board of India (SEBI) and adhere to all applicable regulations. They are also members of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange of India (MCX).
Regulatory compliance of Zerodha and Alice Blue:
| Regulatory Body | Zerodha | Alice Blue |
|---|---|---|
| Securities and Exchange Board of India (SEBI) | Registered | Registered |
| National Stock Exchange (NSE) | Member | Member |
| Bombay Stock Exchange (BSE) | Member | Member |
| Multi Commodity Exchange of India (MCX) | Member | Member |
In addition to SEBI’s regulations, Zerodha and Alice Blue also follow the guidelines set by the Reserve Bank of India (RBI) and the Ministry of Finance. These guidelines cover areas such as margin trading, client protection, and data privacy.
Zerodha vs Alice Blue: Pros and Cons
Zerodha Pros
- India’s No. 1 broker in terms of active clients and exchange volume
- Safe, reliable, and technologically advanced
- Simple flat fee brokerage across segments and exchanges
- Free equity delivery trades and no brokerage for Cash-N-Carry orders
- Flat Rs 20 per trade brokerage for all other segments
- Excellent trading platforms (Kite) available for free
- Direct Mutual Fund Investment is available
- Good Till Triggered (GTT) orders are available
- NRI Trading account is available
Alice Blue
- Free equity delivery trades
- Flat Rs 15 brokerage for intraday and F&O
- Advanced online trading platform
Zerodha Cons
- No stock tips, research, or recommendations
- Call & Trade and Auto Square off are charged extra
- No 3-in-1 account
- No monthly unlimited trading plans
- No AMC Free Demat account
- No margin funding
- Online Mutual Fund investment is not available
Alice Blue
- No margin funding
- Good Till Cancelled (GTC) orders not available
- Call & Trade is available with additional cost
- No stock tips, research, or recommendations
- No 3-in-1 account
- No monthly unlimited trading plans
- No AMC Free Demat account
Also Read:
- Zerodha vs Dhan
- Zerodha vs Groww
- Zerodha vs HDFC Securities
- Zerodha vs Paytm Money
- Zerodha vs Angel One
- Zerodha vs Upstox
FAQs
Zerodha vs Alice Blue: Which is better One?
Zerodha and Alice Blue are two of the most popular discount brokers in India, both offering competitive brokerage fees, user-friendly trading platforms, and a wide range of investment options.
