Alice Blue

Discount Broker Depository: CDSL
15

Alice Blue is a discounted broker offering trading platforms for different exchanges like BSE, NSE, and MCX. Alice Blue has an active client base of 1,53,909 as of October 2024.

Freedom15

1 or more plans offered by this broker, which outlines Account opening and maintenance fees, Brokerage charges, and Margins. Use plan switcher to see differences if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 400

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.01%

Equity Futures Brokerage

0.01%

Equity Options Brokerage

₹ 15

Currency Futures Brokerage

0.01%

Currency Options Brokerage

₹ 15

Commodity Futures Brokerage

0.01%

Commodity Options Brokerage

₹ 15
Margins

Equity Delivery Margin

1x

Equity Intraday Margin

5x

Equity Futures Margin

1x

Equity Options Margin

1x

Currency Futures Margin

1x

Currency Options Margin

1x

Commodity Futures Margin

1x

Commodity Options Margin

1x
Frequently Asked Questions

Margin is also called exposure or leverage is the money that the trader borrows from a broker to execute the trade and varies across different segments like equity, futures & options, etc. Margin in Alice Blue allows its clients to trade even with limited funds. The margin on a particular stock is obtained when the loan amount deducts the total value of the investment held by the trader. 

The ‘margin used’ is the amount that a trader has already used for their open position or in case of a pending order, it is the amount with which you may have purchased any equity, commodity, etc.

Sidhavelayutham Mohan is the CEO and Founder of Alice Blue. He leads the business with a focus on Risk management, Operations, and Product Development. Also, he is actively involved in exploring innovative ideas to adopt the latest technology for business enhancement.

When it comes to Alice Blue fund transfer, there are different modes of payment through which the broker allows its client to use, like UPI, ATOM, NEFT/RTGS, Cheque, DD.

Alice Blue was incorporated in 2006, is a Bangalore based discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue Financial Services has a network of 17 branches located in major cities across India. These branches offer personalized broker service to customers. It also has 1000+ Partners across India. Alice blue believes in providing world-class stockbroking services to its clients and stakeholders, with optimum returns at a minimal cost. Its broking Model aims to minimize your brokerage until you enjoy the most advanced online trading with the best customer service experience. It provides online share trading platforms to its customers. It offers ANT (Analyse and Trade), a trading platform.

Alice Blue BOT (Back Office Transformation) is a back-office software that helps customers track their day-to-day transactions.

Following are the steps to change the Alice Blue brokerage plan:

Step 1: Visit the Alice Blue website and click on the login on the top right corner.

Step 2: Select BOT in the drop-down menu. You will be redirected to a new page.

Step 3: Log in with your credentials.

Step 4: Click on ‘My Requests’ on the left-hand side menu and select ‘Trade Pro Plan’ from the drop-down. You will be redirected to a new page. 

Step 5: Scroll down to the bottom of the page and select change to Plan.

Following are the steps to withdraw funds from Alice Blue:

Step 1: Click on the three horizontal bars on the top left corner, a dropdown menu will appear. 

Step 2: Tap on ‘Request’, select ‘Withdraw Funds’ and tap on ‘View Punch’. The available balance for Withdrawal will be shown. 

Step 3: Enter the amount which you want to withdraw and tap on ‘Payment’. 

Stop-loss is an automated instruction placed to limit the losses when an individual fears that the prices may move against their trade.

There are 2 types of Stop-Loss orders:

1. SL order (Stop-Loss Limit) = Price + Trigger Price

2. SL-M order (Stop-Loss Market) = Only Trigger Price

Yes, Alice Blue is a SEBI registered financial service provider offering stockbroker service since the year 2006. It is a discounted stockbroker from Bangalore that provides stock and commodity trading services at BSE, NSE, and MCX. Alice Blue offers its services online as well as through its 17 branches located across major cities.

Two Alice Blue brokerage plans are, 'Traditional' and 'F20' to its customers. In the Traditional one, the company charges % based brokerage. Customers have to pay a fixed percentage of the trading value. For intraday trading, a trader has to pay 0.01% of the trade value for equity, Futures and options segment, and ?20 per lot for Options. The company charges 0.1% for equity delivery for delivery trades, 0.01% for Futures & Commodities, and ?20 per lot for Options trading.

The flat fee brokerage plan (F20) aims to minimize the brokerage fee so that customers do not have to bear enormous costs while trading. It is a discount brokerage plan that offers brokerage free equity delivery trades. The trader doesn't have to pay any brokerage fee in this segment. For all other segments, Alice Blue charges flat ?20 per executed order or 0.01% whichever is lower.

You could open an Alice Blue Demat account in 3 ways:

1. Online Account Opening 

This process is integrated with EKYC and Aadhaar. 

Steps of Instant Alice Blue Account Opening :

  • Fill in your personal details Date of birth, PAN card number, etc., and complete an online Aadhaar based E-sign process.

  • Then you will have to Select the segment in which you want to trade and respective brokerage plans.

  • Update details such as address, Aadhaar card number, etc., and complete the OTP-based verification process.

  • Add your bank account details such as bank account number and IFSC code.

  • Verify your financial details, personal details, nominee details, etc.

  • And then you will have to scan and upload the required documents and complete IPV verification.

  • E-sign using Digio to activate your account.

  • In the end, you will be required to send the POA to the broker’s registered office.

    For detailed information Click on online account opening process 

2. Request Account Opening Forms (Request Call-back).

3. Visit Alice Blue Branch Offices.

Alice Blue stockbroker is a good option for people who wish to enter the stock market investment. The prime reason is that they have a low brokerage plan, which is suitable for beginners who are generally low on funds since the motive is to start small.

Leverage is the money that the trader borrows from a broker to execute the trade. Alice Blue provides different Exposure plans for different investment segments.

It is a facility provided to an investor for buying securities from available resources by allowing him to pay a fraction of total transaction value. The margin can be given in the form of cash or shares. Simply, it is leveraging a position in the market with cash or collateral by the investor. 

These are the steps, to close your AliceBlue Demat account:

  1. Log in to bot.aliceblueonline.com with your trading ID and password.

  2. Click on “Account Profile” on the top right-hand side menu.

  3. From the drop-down menu, click on “Account Closure”.

  4. Submit the feedback form.

  5. Upload the account closure form to process your account closure request.

Note: Ensure your trading account has no outstanding negative balance during the submission of the closure request.

Yes, AliceBlue demat accounts are safe as all demat accounts are opened with Central Depository Services Limited(CDSL). AliceBlue acts as only an intermediary between the customer and the central depository.

No, AliceBlue is not free. AliceBlue charges a one time account opening fee of ? 150 and AMC of ? 400 per year.