Alice Blue vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
Alice Blue vs Zerodha Account Opening Charges: 2024
| Charge | Alice Blue | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | Equity ₹310, MCX ₹200 & ₹500 All segments | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹400 | ₹300 per year |
Alice Blue vs Zerodha Brokerage Charges and Plans : 2024
| Charge | Alice Blue | Zerodha |
|---|---|---|
| Plan Name | Freedom 15 Plan | Flat Brokerage Plan |
| Equity Delivery | ₹0 | ₹0 (Free) |
| Equity Intraday | ₹15 per order or 0.01% whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | ₹15 per order or 0.01% whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹15 per order | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | ₹15 per order or 0.01% whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹15 per order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Alice Blue vs Zerodha Margin / Exposure: 2024
| Segment | Alice Blue | Zerodha |
|---|---|---|
| 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 | Up to 20x (based on the stock) |
| Equity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |
Alice Blue vs Zerodha Currency Charges and Plans: 2024
| Charge | Currency Futures (Alice Blue) | Currency Options (Alice Blue) | Currency Futures (Zerodha) | Currency Options (Zerodha) |
|---|---|---|---|---|
| Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t |
| Securities Transaction Tax (STT) | No STT | No STT | No STT\t | No STT\t |
| Transaction / Turnover Charges | BSE ₹200 per crore | BSE ₹2000 (on premium) per crore (0.02%) | NSE: 0.0009% | BSE: 0.00022%\t | NSE: 0.04% | BSE: 0.001% (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 | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise | State wise | State wise |
Alice Blue vs Zerodha Commodity Charges and Plans: 2024
| Charge | Commodity Futures (Alice Blue) | Commodity Options (Alice Blue) | Commodity Futures (Zerodha) | Commodity Options (Zerodha) |
|---|---|---|---|---|
| Brokerage | 0.01% or Based on Brokerage Plan Selected | ₹15 per lot or Based on Brokerage Plan Selected | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t |
| Securities Transaction Tax (STT) | 0.01% on Sell Side (Non-Agri) | 0.01% on Sell Side (Non-Agri) | 0.01% on sell side (Non-Agri)\t | 0.05% on sell side |
| Transaction / Turnover Charges | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore | Group A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001%\t | ₹0 |
| 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 | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise | State wise | State wise |