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.
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
Charge | Alice Blue | SAMCO |
---|---|---|
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 | ₹400 |
Charge | Alice Blue | SAMCO |
---|---|---|
Plan Name | Freedom 15 Plan | Standard |
Equity Delivery | ₹0 | ₹20 per executed order |
Equity Intraday | ₹15 per order or 0.01% whichever is lower | ₹20 per executed order |
Equity Futures | ₹15 per order or 0.01% whichever is lower | ₹20 per executed order |
Equity Options | ₹15 per order | ₹20 per executed order |
Currency Futures | ₹15 per order or 0.01% whichever is lower | ₹20 per executed order |
Currency Options | ₹15 per order | ₹20 per executed order |
Commodity Options | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order | ₹20 per executed order |
Mutual Fund | N/A | N/A |
Segment | Alice Blue | SAMCO |
---|---|---|
Equity Delivery | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Upto 4x |
Equity Intraday | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Upto 15x |
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 8x |
Currency Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Upto 3x |
Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Upto 5x |
Commodity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Upto 5x |
Commodity Options | N/A | Upto 5x |