Alice Blue: Currency Trading: Brokerage, Charges, Reviews: 2024

Yes, Alice blue offers trading in the Indian stock market's currency segment through the NSE and BSE. The brokerage charged by the stockbroker is at 20 rupees per lot.

Alice blue is a discount stock broker that offers trading in the various segment such as commodity, currency and equity through the NSE, BSE and MCX. The stockbroker has well over 1000+ partners in the country with 17 branches located in all metropolitan cities.

Currency Trading through Alice blue

Currency trading offered by the stockbroker comprises of a brokerage fee of 20 rupees per lot. However, this is tentative to change based on the plan you take. If you take the “Trade pro plan” the brokerage fee for currency futures is 10 rupees per lot, and currency option is 20 rupees per lot. With freedom plans (F20) plans, the brokerage fee for currency futures is 20 rupees per order or 0.01% (whichever is lower) and for currency options is 10 rupees per order.

To execute any of these orders, traders and investors can use the stockbroker's trading tools. These tools include Advisory mandi, Alice Algo, Sensibull, Small case, ANT IQ, Ticker tape and Alice blue mutual funds.

Advantages of using Alice blue for currency trading

1. The brokerage is flat 20 rupees across all segments.
2. The margins are considerably higher.
3. Lower initial deposit.
4. Excellent customer services for all your queries to be resolved.
5. A great range of leverage options.
6. An extensive array of trading tools for easy trading and investment operations.

Disadvantages of using Alice Blue for currency trading

1. Call & trade features cost 20 rupees per call.
2. Most of the trading tools offered are paid.
3. GTC orders aren’t available.

Alice Blue Review

Alice blue is quite a small stockbroker with less than 10,000+ customer base. Though its applications for trading and the services offered are quite impressive, unnecessary costs for call & trade (while other brokers are offering it for free), no yearly or monthly plans is a downfall for the stockbroker.