Interactive Brokers vs Alice Blue Comparison: 2024

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

About Alice Blue

A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.

Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.

Alice Blue: Overview

Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services

Interactive Brokers vs Alice Blue Account Opening Charges: 2024

ChargeInteractive BrokersAlice Blue
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0Equity ₹310, MCX ₹200 & ₹500 All segments
Trading Account AMC₹0₹0
Demat Account AMC₹0 ₹400

Interactive Brokers vs Alice Blue Brokerage Charges and Plans : 2024

ChargeInteractive BrokersAlice Blue
Plan NameN/AFreedom 15 Plan
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order₹0
Equity IntradayMinimum ₹6 and Upto ₹20 per executed order ₹15 per order or 0.01% whichever is lower
Equity FuturesMinimum ₹6 and Upto ₹20 per executed order ₹15 per order or 0.01% whichever is lower
Equity OptionsMinimum ₹6 and Upto ₹20 per executed order₹15 per order
Currency FuturesMinimum ₹6 and Upto ₹20 per executed order ₹15 per order or 0.01% whichever is lower
Currency OptionsMinimum ₹6 and Upto ₹20 per executed order₹15 per order
Commodity OptionsN/A Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order
Mutual FundN/AN/A

Interactive Brokers vs Alice Blue Margin / Exposure: 2024

SegmentInteractive BrokersAlice Blue
Equity DeliveryN/AIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x
Equity IntradayN/AIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x
Equity FutureN/AIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Equity OptionsN/AIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x
Currency FutureN/AIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Currency OptionsN/AIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x
Commodity FutureN/AIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Commodity OptionsN/AN/A

Interactive Brokers vs Alice Blue Currency Charges and Plans: 2024

Interactive Brokers charge Minimum ₹6 and Upto ₹20 per executed order for Currency Futures and Minimum ₹6 and Upto ₹20 per executed order for Currency Options whereas Alice Blue Charges ₹15 per order or 0.01% whichever is lower for Currency futures and ₹15 per order for Currency options.
Ask your questions here

Other Comparisons of Interactive Brokers and Alice Blue

Interactive BrokersAlice Blue
No data