Zerodha vs Alice Blue: Which is better One?

zerodha_vs_alice_blue
zerodha_vs_alice_blue

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

DetailsZerodhaAlice Blue
Type of BrokerDiscount BrokerDiscount Broker
Exchange MembershipNSE, BSE, MCX, and NCDEXMCX, NSE, NCDEX, MCX-SX, BSE, CDSL
Founded in2010December 2006
Number of Branches75+16
Users15 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 Playstore10M+Over 100K+
Founder byNithin Kamath and Nikhil KamathSandeep M.
Websitehttps://zerodha.com/https://aliceblueonline.com/

Zerodha vs Alice Blue: Key Features

FeatureZerodhaAlice Blue
Trading PlatformsKite Web, Kite Mobile for Android/iOS, and CoinFront End: ANT
ChartingYesYes
Automated TradingYesYes
SMS AlertsNoNo
Online DemoYesYes
Online PortfolioNoYes
Margin TradingNoNo
Margin Against Shares (Equity Cash)YesNo
Margin Against Shares (Equity F&O)YesNo
Intraday Square-off TimeEq Cash: 3:15 PMEq F&O: 3:25 PM
Trading In SME Shares Allowed?Yes
Referral ProgramYesYes
Other FeaturesDirect Mutual Funds, APIs for Algo Trading

Zerodha vs Alice Blue: Brokerage Charges

FeatureZerodhaAlice Blue
Equity DeliveryFreeFree
Equity Intraday0.03% or Rs 20 per trade, whichever is lower0.05% or Rs 15 per trade, whichever is lower
Equity Futures0.03% or Rs 20 per trade, whichever is lower0.05% or Rs 15 per trade, whichever is lower
Equity OptionsFlat Fee Rs 20Flat Fee Rs 15
Currency Futures0.03% or Rs 20 per trade, whichever is lower0.05% or Rs 15 per trade, whichever is lower
Currency OptionsFlat Fee Rs 20Flat Fee Rs 15
Commodity TradingFlat Fee Rs 20Flat Fee Rs 15
Minimum BrokerageNILNA
Hidden ChargesNoNo
Funding ChargesNot AvailableYes – 24% interest PAC
Call & Trade ChargesRs 50 Per Executable OrderRs 50 per order + GST
Auto Square off ChargesRs 50 Per Executable OrderRs 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

FeatureZerodhaAlice 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 + GST0.04% of the value of the transaction (minimum ₹20)
Transaction Charges (Debit or Sell)Off-Market Trades: 0.03% of ₹25 whichever is higher + GST0.04% of the value of the transaction (minimum ₹20)
Pledge Creation Charges₹30 per request + GST0.04% of the value of the transaction (minimum ₹40)
Pledge Creation Confirmation Charges₹0₹0
Pledge Invocation Charges₹200.04% of the value of the transaction (minimum ₹40)
Failed Instruction Charges₹50 per ISIN
Other ChargesCheque 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 OptionZerodhaAlice Blue
StocksYesYes
CommoditiesYesYes
CurrencyYesYes
IPOsYesNo
Mutual FundsYesYes
Bonds/NCDsNoYes
Debt InstrumentsNoYes
Other Investment OptionsDirect 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):

SegmentZerodhaAlice Blue
Equity DeliveryUp to 100% of trade value (1x leverage)Up to 100% of trade value (1x leverage)
Equity IntradayUp 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 BodyZerodhaAlice Blue
Securities and Exchange Board of India (SEBI)RegisteredRegistered
National Stock Exchange (NSE)MemberMember
Bombay Stock Exchange (BSE)MemberMember
Multi Commodity Exchange of India (MCX)MemberMember

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:

FAQs

Q. 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. However, there are some key differences between the two brokers that may make one a better fit for you than the other.
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