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
| Charge | Alice Blue | Marwadi Shares |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | Equity ₹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
| Charge | Alice Blue | Marwadi Shares |
|---|---|---|
| Plan Name | Freedom 15 Plan | N/A |
| Equity Delivery | ₹0 | 0.30% |
| Equity Intraday | ₹15 per order or 0.01% whichever is lower | 0.06% |
| Equity Futures | ₹15 per order or 0.01% whichever is lower | 0.02% |
| Equity Options | ₹15 per order | ₹100 per lot |
| Currency Futures | ₹15 per order or 0.01% whichever is lower | 0.02% |
| Currency Options | ₹15 per order | ₹100 per lot |
| Commodity Options | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order | 0.02% |
| Mutual Fund | N/A | N/A |
Alice Blue vs Marwadi Shares Margin / Exposure: 2024
| Segment | Alice Blue | Marwadi Shares |
|---|---|---|
| Equity Delivery | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | N/A |
| Equity Intraday | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | N/A |
| Equity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | N/A |
| Equity Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | N/A |
| Currency Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | N/A |
| Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | N/A |
| Commodity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | N/A |
| Commodity Options | N/A | N/A |