Table of Contents
Alice Blue Review: Alice Blue Account Opening Charges
Alice Blue Review: Alice Blue Brokerage Charges
Alice Blue Review: Alice Blue Trading Pros
Alice Blue Review: Alice Blue Trading Cons
Alice Blue Review: Alice Blue Customer Care
Alice Blue Review: Alice Blue Mobile App and Trading Platforms
Are you looking for a comprehensive Alice Blue review? Alice Blue is a Bangalore/Erode-based discount broker providing a wide range of trading services in equity, derivatives, commodities, and currencies. It offers an integrated Trading & Demat Account for online trading across segments. Known for their affordable brokerage, Alice Blue’s Freedom 15 (F15) plan charges zero brokerage for equity delivery and a maximum of Rs. 15 per order for intraday and F&O trades. It provides the high-speed ANT trading platform through ANT Mobi App and ANT Web, featuring user-friendly interfaces, advanced charting, and a variety of indicators. Also, traders can access proprietary and third-party trading tools via the “Trade Store.”
Go through our complete Alice Blue Review and know all about the Alice Blue account opening charges, brokerage charges, trading pros and trading cons, mobile app and trading platforms, customer care and more.
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Alice Blue Review: Alice Blue Account Opening Charges
Alice Blue offers a hassle-free experience for traders with its account opening charges being free. There are no charges for opening a trading account, and the trading account annual maintenance charges (AMC) are also waived off. In addition, opening a demat account with Alice Blue is also free of charge.
However, there is an annual maintenance charge (AMC) of Rs 400 for the demat account. This fee ensures the maintenance and upkeep of the demat account throughout the year.
Read our article on Brokerage free stock brokers in India.
Alice Blue Review: Alice Blue Brokerage Charges
Alice Blue has a transparent fee structure for different types of trades.
Alice Blue Equity Delivery Charges
For equity delivery, there is no brokerage charge, but there is a transaction charge of Rs 335 per crore and a Securities Transaction Tax (STT) of 0.1% on both the buying and selling side. Stamp duty is applicable only on the buying side at a rate of Rs 1,500 per crore.
Alice Blue Equity Intraday Charges
For equity intraday trades, the brokerage is 0.05% of the trade value or Rs 15, whichever is lower. The transaction charge is Rs 335 per crore, while STT is 0.025% only on the sell side. Stamp duty of Rs 300 per crore is applicable on the buying side.
Alice Blue Equity Futures Charges
In equity futures trading, the brokerage is 0.05% of the trade value or Rs 15, whichever is lower. Transaction charges amount to Rs 200 per crore. STT is levied at 0.0125% on the sell side, and stamp duty of Rs 200 per crore is charged on the buying side.
Alice Blue Equity Options Charges
For equity options, there is a flat fee of Rs 15 for brokerage, and transaction charges amount to Rs 5,050 per crore. STT is 0.0625% on the sell side, and stamp duty of Rs 300 per crore is applicable on the buying side.
Alice Blue SEBI turnover and GST Charges
SEBI turnover charges are set at Rs 10 per crore, and GST at a rate of 18% is applied to the brokerage and transaction charges. Alice Blue ensures transparency in their charges to facilitate informed trading decisions for their clients.
Alice Blue Review: Alice Blue Trading Pros
- Alice Blue is the place to go if you want to trade on the BSE, the NSE, and the MCX.
- With no minimum brokerage or commission, you can invest in direct mutual funds with zero brokerage or commission free.
- Plus, you can trade forever with zero brokerage delivery.
- With powerful charting and lots of technical indicators and stock screeners, you can get advanced orders like bracket orders, cover orders, and after market orders.
- You can also buy shares without a POA. TradeLink is a free online tool for sharing your trading ideas.
- Plus, Alice Blue Trade School is an education platform for beginners and experts, with lots of learning resources like Tradeschool, aspiring investor program, ANT IQ Blog, and more.
Alice Blue Review: Alice Blue Trading Cons
- You cannot open a three-in-one account with Alice Blue.
- It does not offer any zero-broker, unlimited-monthly trading plans.
- Plus, it does not offer any NRI trading.
- You cannot place a GTC (Good Till Cancelled) order with Alice Blue.
- Also, you will have to pay high Minimum Asset Size (AML) fees.
- Alice Blue’s Mutual Fund App is not available on the app store.
Alice Blue Review: Alice Blue Customer Care
Alice Blue’s online customer support can be accessed through customer care email and helpline numbers. It can also be accessed by raising a ticket. Online customer support can also be accessed via PAN India multilingual branch based support.
The broker has more than 17 branches and more than 1000 franchise and sub broker offices all over the country.
Alice Blue has a decentralized customer support for each product or service:
- Account opening
- Franchisee support
- Centralized dealing desk
- Partner account activation
- Dealing
- API-related support
You can contact it through:
Customer Care phone no: 08035215000/080-45490850
Knowledge Center: https://tradeschool.aliceblueonline.com/
Customer Support Email: askus@aliceblueindia.com.
Read and know – Stocks, IPO or Mutual Funds: Which is the Better Investment Option for You?
Alice Blue Review: Alice Blue Mobile App and Trading Platforms
Alice Blue offers multiple trading platforms to cater to different needs. These include:
ANT (Analyse N Trade) online trading platform
Analyse N Trade (ANT) is an online trading platform developed by Omnesys Nest, TradeLab, and Risk Management System (RMS) as a backend. It is available as a trading website and a free mobile trading application.
Alice Blue ANT Mobi [Mobile App]
ANT Mobi 2.0 is a feature-rich mobile app with advanced charting, trading tools, and secure login options.
Alice Blue ANT Web
ANT Web is a user-friendly web-based platform accessible on various devices, offering single-click order placement and comprehensive features.
Alice Blue ANT Plus API
Developers can utilize the free ANT Plus API for seamless integration and real-time trading capabilities.
Alice Blue BOT [Back-office]
The BOT back-office app provides portfolio analytics and additional account management features.
Alice Blue Mutual Fund App
Alice Blue also has a dedicated Mutual Fund App for commission-free direct mutual fund investments, making it convenient for investors to manage both stocks and mutual funds in one Demat Account.
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Conclusion
As you can understand from this Alice Blue Review, there are various advantages of having an account in Alice Blue. Alice Blue allows users to open a free Demat Account instantly with zero charges and begin trading in the equity intraday segment, derivatives, commodities and currencies segment at a flat brokerage fee of Rs.15 per order. The account can be opened 100% digitally and paperless and activated within 24 hours.