Alice Blue vs Upstox 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 Upstox

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

Alice Blue vs Upstox Account Opening Charges: 2024

ChargeAlice BlueUpstox
Demat Account Opening Charges₹0₹0
Trading Acc Opening ChargesEquity ₹310, MCX ₹200 & ₹500 All segments₹249
Trading Account AMC₹0₹0
Demat Account AMC₹400₹300 per year (paid monthly)

Alice Blue vs Upstox Brokerage Charges and Plans : 2024

ChargeAlice BlueUpstox
Plan NameFreedom 15 PlanBasic
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 FundN/AN/A

Alice Blue vs Upstox Margin / Exposure: 2024

SegmentAlice BlueUpstox
Equity DeliveryIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x1x (no margin)
Equity IntradayIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3xBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity OptionsIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1xBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency OptionsIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1xBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity FutureIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1xBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity OptionsN/AN/A

Alice Blue vs Upstox 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 Upstox Charges ₹20 per trade or 0.05% (whichever is lower) for Currency futures and ₹20 per trade or 0.05% (whichever is lower) for Currency options.
ChargeCurrency Futures (Alice Blue)Currency Options (Alice Blue)Currency Futures (Upstox)Currency Options (Upstox)
BrokerageBased on Brokerage Plan SelectedBased on Brokerage Plan SelectedBased on Brokerage Plan SelectedBased on Brokerage Plan Selected
Securities Transaction Tax (STT)No STTNo STTNo STTNo STT
Transaction / Turnover ChargesBSE ₹200 per croreBSE ₹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 ChargesState-wiseState-wiseState-wiseState-wise

Alice Blue vs Upstox 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 Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity.
ChargeCommodity Futures (Alice Blue)Commodity Options (Alice Blue)Commodity Futures (Upstox)Commodity Options (Upstox)
Brokerage0.01% or Based on Brokerage Plan Selected₹15 per lot or Based on Brokerage Plan SelectedBased on Brokerage Plan SelectedBased 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)\t0.05% on sell trade
Transaction / Turnover ChargesNon-Agri ₹260 (0.0026%) | Agri ₹260 per CroreNon-Agri ₹260 (0.0026%) | Agri ₹260 per Crore0.0031%\t0.002%
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 ChargesState-wiseState-wiseState-wiseState-wise
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