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Alice Blue Vs AsthaTrade Comparison
Choosing the right brokerage platform is a critical decision for traders and investors. In this article, we will conduct a detailed comparison of two prominent brokerage firms in India: Alice Blue and AsthaTrade. Alice Blue and AsthaTrade are two well-known brokerage firms in India, each with its own set of features and offerings. Here is a comprehensive Alice Blue Vs AsthaTrade comparison that will help you understand different aspects of the two brokers.
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Alice Blue Vs AsthaTrade Comparison
Here, we analyze various aspects such as account opening charges, brokerage charges, trading pros and cons, customer care, and trading platforms – so as to help you make an informed choice.
Alice Blue Vs AsthaTrade – Location and Background
Alice Blue is based in Bangalore/Erode and is known as a discount broker. It offers a wide range of trading services, including equity, derivatives, commodities, and currencies.
AsthaTrade is headquartered in Bhopal, Madhya Pradesh. It has been in operation since 2005 and is dedicated to providing comprehensive trading solutions.
Check out our Alice Blue Review – Account Opening Charges, Brokerage Charges and More.
Alice Blue Vs AsthaTrade – Range of Services
Alice Blue offers trading services in multiple segments, providing traders with the flexibility to trade in equity, derivatives, commodities, and currencies.
AsthaTrade also offers a variety of trading segments, including equity, derivatives, currency, commodity, and IPO investments.
Alice Blue Vs AsthaTrade – Leadership and Experience
Specific leadership details are not mentioned, but Alice Blue is known for its innovative approach to brokerage services and technology.
AsthaTrade was founded under the leadership of Saksham Dumra in 2005. They have been operating in the trading industry for several years, indicating their experience in the field.
Alice Blue Vs AsthaTrade – Brokerage Charges
Take a look at the differences between Alice Blue and AsthaTrade brokerage charges.
Alice Blue Brokerage Charges
- Alice Blue offers a transparent fee structure for different types of trades, including equity delivery, intraday, futures, and options.
- Equity delivery is free of brokerage, while intraday trading charges a maximum of Rs 15 per order.
- Alice Blue ensures transparency with transaction charges, STT, and stamp duty.
- Known for its affordable brokerage, Alice Blue offers the “Freedom 15 (F15)” plan, which charges zero brokerage for equity delivery.
AsthaTrade Brokerage Charges
- Competitive brokerage charges for equity, commodity, currency, and options trading.
- Transparent pricing structure with minimal charges.
Alice Blue Vs AsthaTrade – Account Opening and Demat Charges
There are quite a few differences:
Alice Blue Account Opening and Demat Charges
- Alice Blue offers a hassle-free experience by not charging any fees for opening a trading account.
- The annual maintenance charge (AMC) for the demat account is Rs 400.
AsthaTrade Account Opening and Demat Charges
- AsthaTrade charges Rs. 650 for account opening.
- AMC for the Demat account is Rs. 300, while no AMC is charged for the trading account.
- Margin money balance of Rs. 5,000 is required to begin trading.
Alice Blue Vs AsthaTrade – Pros
There are advantages of Alice Blue as well as AsthaTrade.
Alice Blue Pros
- Alice Blue offers a variety of trading segments, including equity, derivatives, commodities, and currencies.
- They provide direct mutual fund investments with zero brokerage or commission.
- Advanced charting tools, technical indicators, and stock screeners are available.
- Alice Blue Trade School offers educational resources for beginners and experts.
AsthaTrade Pros
- AsthaTrade is registered with SEBI, making it a trustworthy stockbroker.
- They have been in the trading business since 2005, indicating their experience.
- Trading exposure of up to 10 times the invested amount.
- Suitable for beginners due to low-cost options.
- Full-service broker for comprehensive support.
Alice Blue Vs AsthaTrade – Cons
Both have some drawbacks too.
Alice Blue Cons
- It does not offer a three-in-one account.
- No unlimited-monthly trading plans are available.
- NRI trading is not supported.
- GTC (Good Till Cancelled) orders are not allowed.
- Minimum Asset Size (AML) fees can be relatively high.
AsthaTrade Cons
- No stock suggestions or robo advisory services.
- Does not offer Portfolio Management Services (PMS).
- No support for forex trading, banking services, or insurance activities.
- Limited support for mutual fund investments and SIP.
- Brokerage charges may be on the higher side for beginners.
Alice Blue Vs AsthaTrade – Trading Platforms
There are different trading platforms on offer from Alice Blue as well as AsthaTrade trading platforms.
Alice Blue Trading Platforms
- Alice Blue provides multiple trading platforms, including ANT (Analyse N Trade) online trading platform, ANT Mobi (Mobile App), ANT Web, ANT Plus API, and BOT (Back-office) app.
- They also have a dedicated Mutual Fund App for commission-free direct mutual fund investments.
AsthaTrade Trading Platforms
- AsthaTrade offers desktop trading platforms for Windows and Mac users.
- Mobile users can access the platform via a mobile browser, Android app, and iOS app.
Alice Blue Vs AsthaTrade – Customer Support
Both have useful customer support on offer.
Alice Blue Customer Support
- Alice Blue offers online customer support through email, helpline numbers, and a ticketing system.
- They have numerous branches and franchise offices across the country for in-person support.
Go through our AsthaTrade Review – Features, Pros, Cons, Charges and More.
AsthaTrade Customer Support
- AsthaTrade provides customer support through email and a network of 118 support branches.
- Live chat support and a toll-free number are not available.
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Conclusion
Both Alice Blue and AsthaTrade offer distinct advantages and disadvantages. Alice Blue stands out with its zero brokerage for equity delivery and advanced trading tools. On the other hand, AsthaTrade is a trustworthy full-service broker with competitive charges. The choice between them depends on your specific trading needs, experience, and preferences. You should carefully consider these factors before taking your decision, so as to ensure a brokerage platform that suits your requirements.
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