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
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
Charge | Alice Blue | Sharekhan |
---|---|---|
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 (Free for 1st year with trading account) |
Charge | Alice Blue | Sharekhan |
---|---|---|
Plan Name | Freedom 15 Plan | Classic Account |
Equity Delivery | ₹0 | 0.50% |
Equity Intraday | ₹15 per order or 0.01% whichever is lower | 0.10% |
Equity Futures | ₹15 per order or 0.01% whichever is lower | 0.10% |
Equity Options | ₹15 per order | ₹50 per lot |
Currency Futures | ₹15 per order or 0.01% whichever is lower | 0.10% |
Currency Options | ₹15 per order | ₹30 per lot |
Commodity Options | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order | 0.03% |
Mutual Fund | N/A | N/A |
Segment | Alice Blue | Sharekhan |
---|---|---|
Equity Delivery | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Upto 5x |
Equity Intraday | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Upto 10x |
Equity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | 2x |
Equity Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Nil |
Currency Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Nil |
Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Nil |
Commodity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Upto 2x |
Commodity Options | N/A | N/A |