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
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | Alice Blue | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | Equity ₹310, MCX ₹200 & ₹500 All segments | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹400 | ₹300 per year (paid monthly) |
Charge | Alice Blue | Upstox |
---|---|---|
Plan Name | Freedom 15 Plan | Basic |
Equity Delivery | ₹0 | ₹0 (FREE) |
Equity Intraday | ₹15 per order or 0.01% whichever is lower | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | ₹15 per order or 0.01% whichever is lower | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | ₹15 per order | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | ₹15 per order or 0.01% whichever is lower | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | ₹15 per order | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | Alice Blue | Upstox |
---|---|---|
Equity Delivery | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | 1x (no margin) |
Equity Intraday | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | N/A | N/A |
Charge | Currency Futures (Alice Blue) | Currency Options (Alice Blue) | Currency Futures (Upstox) | Currency Options (Upstox) |
---|---|---|---|---|
Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected |
Securities Transaction Tax (STT) | No STT | No STT | No STT | No STT |
Transaction / Turnover Charges | BSE ₹200 per crore | BSE ₹2000 (on premium) per crore (0.02%) | NSE: 0.00013% | BSE: 0.00062% | NSE: 0.065% | BSE: 0.026% (on premium) |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | ₹5/Crore | ₹5/Crore | ₹5/Crore | ₹5/Crore |
Stamp Charges | State-wise | State-wise | State-wise | State-wise |
Charge | Commodity Futures (Alice Blue) | Commodity Options (Alice Blue) | Commodity Futures (Upstox) | Commodity Options (Upstox) |
---|---|---|---|---|
Brokerage | 0.01% or Based on Brokerage Plan Selected | ₹15 per lot or Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected |
Securities Transaction Tax (STT) | 0.01% on Sell Side (Non-Agri) | 0.01% on Sell Side (Non-Agri) | 0.01% on sell trade (Non-Agri)\t | 0.05% on sell trade |
Transaction / Turnover Charges | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore | 0.0031%\t | 0.002% |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | ₹5/Crore | ₹5/Crore | ₹5/Crore | ₹5/Crore |
Stamp Charges | State-wise | State-wise | State-wise | State-wise |