Alice Blue vs Paytm Money 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 Paytm Money

The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.

Paytm Money: An Overview

Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.

All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata

Alice Blue vs Paytm Money Account Opening Charges: 2024

ChargeAlice BluePaytm Money
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening ChargesEquity ₹310, MCX ₹200 & ₹500 All segmentsRs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹400Annual Platform Fees of Rs.300

Alice Blue vs Paytm Money Brokerage Charges and Plans : 2024

ChargeAlice BluePaytm Money
Plan NameFreedom 15 PlanBasic Plan
Equity Delivery₹0 ₹0
Equity Intraday ₹15 per order or 0.01% whichever is lower0.05% of turnover or ₹10 whichever is lower
Equity Futures ₹15 per order or 0.01% whichever is lower0.05% of turnover or ₹10 whichever is lower
Equity Options₹15 per order0.05% of turnover or ₹10 whichever is lower
Currency Futures ₹15 per order or 0.01% whichever is lower0.05% of turnover or ₹10 whichever is lower
Currency Options₹15 per order0.05% of turnover or ₹10 whichever is lower
Commodity Options Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Alice Blue vs Paytm Money Margin / Exposure: 2024

SegmentAlice BluePaytm Money
Equity DeliveryIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3xUpto 4x
Equity IntradayIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3xUpto 20x
Equity FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xUpto 3x
Equity OptionsIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1xUpto 5x
Currency FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xUpto 2x
Currency OptionsIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1xUpto 3x
Commodity FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xUpto 3x
Commodity OptionsN/AN/A

Alice Blue vs Paytm Money 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 Paytm Money Charges 0.05% of turnover or ₹10 whichever is lower for Currency futures and 0.05% of turnover or ₹10 whichever is lower for Currency options.

Alice Blue vs Paytm Money 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 Paytm Money charge 0.05% of turnover or ₹10 whichever is lower for commodity.
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