How do you trade in Alice Blue?
- Asked By
- Updated On:23-Jun-2021
- Replies:1
Short Answer
To trade with Alice blue, simple choose any of their trading tools, enter your login ID and password, choose the stock you wish to trade, and start trading by either buying or intraday trading.
Detailed Answer
Alice blue is one of the many stockbrokers in the country that happens to be a discount broker. The various segments in which trading is feasible are BSE, NSE, and MCX. The rise to fame for the broker are the plans that it has to offer. There are two brokerage plans, namely trade pro and freedom 20. For trade pro, traders have to pay a small brokerage fee of 0.01% of the total trade for all segments except for options, where it is 20 rupees per trade.
For freedom 20, its flat 20 rupees for all trades that are executed across all segments. While having more than 1000+ partners in the country and 17 branches in the country, it’s a budding broker with much potentials. However, for many who might want to use the broker to trade in the stock market, getting started might be difficult. For the same, we have provided a guide below to help you with the same. Check It out.
Trading in Alice Blue
- The first and foremost step would be to open a Demat account with the stockbroker. It can be done either by visiting the branch and opening the account, asking them to courier the opening forms, downloading the account opening application from their website, and sending it back via courier.
- Once the account is open, head to the trading terminal website and enter your login ID and password.
- The dashboard should open, showcasing all your investments, P&L statement, changes, and much more.
- A market watch should be present on the left-hand side. Add stocks or indices here to monitor them.
- Once added, if you want to buy them, then hover the mouse over it, and then you should see an option to buy.
- Place the order that you require, provided you have enough funds in your account.
- If successful, it should showcase in your “position” tab on your dashboard.
Bottom line
Alice blue is quite a reputable stockbroker in the country. It does offer surplus trading tools and different trading platforms which can be accessed for free. However, the cost of opening an account is quite higher, and even the process can be tricky. Moreover, the trading process is simple and straightforward, thanks to its plenty of trading tools and a straightforward approach to executing trades.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
5paisa happens to be the second largest stock broker in the country that offers plenty of benefits and features through its Demat and trading account. Some of which include low brokerage charges of 20 rupees, paperless account opening, free trading tools, research and trading advice for free, and much more.
Bangalore based online discount broker Groww was found in 2016 and provides plenty of trading and investment opportunities. Users can invest in mutual funds, currency, derivatives, equity, and more. the investment opportunities are backed with guidelines set by NSE, BSE, and SEBI.
To login Zerodha Kite, you have to enter your Login ID and password. Before that, you must have a demat and trading account with Zerodha to have complete access to its stock trading platform.
Although everything the Stock broker offers is fantastic, there are a few downfalls of using Groww. These include the exception of trading in the commodity segment, doesn’t have a savings account in 2-in1 accounts that it offers, popular financial tools such as cover orders bracket order aren’t available, and more.
To buy and sell stocks in the Indian stock market, you will need a demat and trading account. A stockbroker is necessary to trade stocks because the broker will provide the trading account through which you will place your trades.
To open a Paytm Demat Account you do not need to make a lot of efforts. You can simply do it online which spares you from standing in a long waiting queue in the branch of the broker house. These days online and offline account opening has become all the more easy.
You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.
I was just going through some stock broker reviews. So, I thought of sharing my opinion, A side by side Comparison of two popular stock brokers: Sharekhan vs. Zerodha.
As online trading is getting popular every day, it is becoming even more important to choose the right trading platform. Choosing the best trading platform can give you more flexibility to trade in the various trading market.