Alice Blue vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Alice Blue vs Nirmal Bang Account Opening Charges: 2024
| Charge | Alice Blue | Nirmal Bang |
|---|---|---|
| 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 | ₹200 per year |
Alice Blue vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | Alice Blue | Nirmal Bang |
|---|---|---|
| Plan Name | Freedom 15 Plan | N/A |
| Equity Delivery | ₹0 | 0.2% |
| Equity Intraday | ₹15 per order or 0.01% whichever is lower | 0.02% |
| Equity Futures | ₹15 per order or 0.01% whichever is lower | 0.02% |
| Equity Options | ₹15 per order | ₹35 |
| Currency Futures | ₹15 per order or 0.01% whichever is lower | 0.02% |
| Currency Options | ₹15 per order | ₹20 |
| Commodity Options | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order | 0.01% |
| Mutual Fund | N/A | N/A |
Alice Blue vs Nirmal Bang Margin / Exposure: 2024
| Segment | Alice Blue | Nirmal Bang |
|---|---|---|
| Equity Delivery | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Upto 10x |
| Equity Intraday | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Upto 4x |
| Equity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Upto 4x |
| Equity Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Upto 2x for shorting |
| Currency Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Upto 2x for shorting |
| Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Upto 3x |
| Commodity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Upto 3x |
| Commodity Options | N/A | N/A |