Alice Blue vs Marwadi Shares Comparison: 2024

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

About Marwadi Shares

Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.

Marwadi Shares: Overview

Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.

It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an

Alice Blue vs Marwadi Shares Account Opening Charges: 2024

ChargeAlice BlueMarwadi Shares
Demat Account Opening Charges₹0₹0
Trading Acc Opening ChargesEquity ₹310, MCX ₹200 & ₹500 All segments₹0
Trading Account AMC₹0₹0
Demat Account AMC₹400₹450 per year or one time fee of ₹2500

Alice Blue vs Marwadi Shares Brokerage Charges and Plans : 2024

ChargeAlice BlueMarwadi Shares
Plan NameFreedom 15 PlanN/A
Equity Delivery₹0 0.30%
Equity Intraday ₹15 per order or 0.01% whichever is lower0.06%
Equity Futures ₹15 per order or 0.01% whichever is lower0.02%
Equity Options₹15 per order₹100 per lot
Currency Futures ₹15 per order or 0.01% whichever is lower0.02%
Currency Options₹15 per order₹100 per lot
Commodity Options Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order0.02%
Mutual FundN/AN/A

Alice Blue vs Marwadi Shares Margin / Exposure: 2024

SegmentAlice BlueMarwadi Shares
Equity DeliveryIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3xN/A
Equity IntradayIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3xN/A
Equity FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xN/A
Equity OptionsIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1xN/A
Currency FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xN/A
Currency OptionsIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1xN/A
Commodity FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xN/A
Commodity OptionsN/AN/A

Alice Blue vs Marwadi Shares Currency Charges and Plans: 2024

Alice Blue charge ₹15 per order or 0.01% whichever is lower for Currency Futures and ₹15 per order for Currency Options whereas Marwadi Shares Charges 0.02% for Currency futures and ₹100 per lot for Currency options.

Alice Blue vs Marwadi Shares Commodity Charges and Plans: 2024

Alice Blue charge Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order for commodity and Marwadi Shares charge 0.02% for commodity.
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