FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Alice Blue Vs Marwadi Group: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Alice Blue Max Rs 15 per trade while the brokerage of Marwadi Group ranges between 0.06% to 0.30%. Alice Blue is a Discount Broker where Marwadi Group is a Full Service Broker. Alice Blue is having overall higher rating compare to Marwadi Group. Alice Blue is rated 4 out of 5 where Marwadi Group is rated only 3.5 out of 5. Number of active customer for Alice Blue is 1,55,619 where number of active customer for Marwadi Group is 1,15,161. Alice Blue is serving more customer compare to Marwadi Group.

Here we present side-by-side comparison of Alice Blue vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Alice Blue vs Marwadi Group's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Alice Blue vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Alice Blue vs Marwadi Group's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Alice Blue vs Marwadi Group on Service

  Alice Blue Compare
Alice Blue
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,55,619 1,15,161
Broker Overview Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Broker Enquiry Request call back from Alice Blue Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Alice Blue vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Alice Blue with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Alice Blue charges Rs 400 PA AMC for Demat account where Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Alice Blue with Marwadi Group
Charges Alice Blue Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Rs 250 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Alice Blue vs Marwadi Group on Plan Options

Plans are the most important feature you look when compare Alice Blue with Marwadi Group. This section compare on high level about type of plans offered by brokers. Multiple Plans - Alice Blue provide Multiple Plans where Marwadi Group doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Alice Blue with Marwadi Group on Plan Options
Plan Types Alice Blue Marwadi Group
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Alice Blue Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Alice Blue vs Marwadi Group on Brokerage Charges

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare Alice Blue with Marwadi Group
Brokerage Charges Compare Alice Blue Marwadi Group
Plan Name F15 Plan Basic Trading Plan (Percentage Based)
Equity Delivery Free 0.30%
Equity Intraday 0.05% or Rs 15 whichever is lower 0.06%
Equity Futures 0.05% or Rs 15 whichever is lower 0.02%
Equity Options Flat Fee Rs 15 Rs 100 Per Lot
Currency Futures 0.05% or Rs 15 whichever is lower 0.02%
Currency Options Flat Fee Rs 15 Rs 100 Per Lot
Commodity Trading Flat Fee Rs 15 Rs 100 Per Lot
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Rs 50 per order + GST NA
Auto Square off Charges Rs 50 per order + GST NA
Brokerage Calculator Brokerage Calculator for Alice Blue Brokerage Calculator for Marwadi Group
Expand

Share Broker's Transaction Charges

Compare Alice Blue vs Marwadi Group on Transaction Charges

Compare Alice Blue with Marwadi Group on transaction charges and PCM fee by segment.

Transaction Charges - Compare Alice Blue with Marwadi Group
Transaction Charges Compare Alice Blue Marwadi Group
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for alice-blue Complete Brokerage Plans for marwadi-group
Expand

Account Features

Compare Alice Blue vs Marwadi Group on Account Features

Compare Alice Blue with Marwadi Group on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Marwadi Group offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Alice Blue offers NRI where Marwadi Group doesn't offers NRI Trading.

Account Features - Alice Blue with Marwadi Group
Account Features Compare Alice Blue Marwadi Group
3 in 1 Account No Alice Blue have 2-in-1 account. Only Demate and Trading account. No Alice Blue have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
Expand

Trading Platform

Compare Alice Blue vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Alice Blue and Marwadi Group. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Alice Blue with Marwadi Group
Trading Platform Compare Alice Blue Marwadi Group
Desktop Trading Platform ANT - Analyse and Trade Marwadi ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://mtrade.marwadionline.com/html5/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ANT Mobile MSFL Connect
Mobile Trading App Demo ANT Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ANT Mobile Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ANT Mobile Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for alice-blue Detail on Trading Platforms for marwadi-group

Expand

Broker Ratings by Users

Compare Alice Blue vs Marwadi Group on User Rating

  Alice Blue Marwadi Group
  8 Customer Reviews    Rate Alice Blue 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 2.6 2.7
Trading Brokerage Rating 3.4 2.3
Trading Platform Usability 2.4 2.0
Customer Service Ratings 2.6 2.3
Overall Ratings 2.1 2.7
Broker Rating Alice Blue is Rated 2.1 / 5 based on 8 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
Expand

Investment Offerings

Compare Alice Blue vs Marwadi Group on Investment Offerings

Compare Alice Blue with Marwadi Group on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Alice Blue with Marwadi Group
Investment Offerings Compare Alice Blue Marwadi Group
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Life & General Insurance
Expand

Order Types

Compare Alice Blue vs Marwadi Group on Order Types

Order Type - Compare Alice Blue with Marwadi Group on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Alice Blue provide Cover Orders (CO) where Marwadi Group doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Alice Blue provide Bracket Orders (BO) where Marwadi Group doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Alice Blue with Marwadi Group
Order Type Compare Alice Blue Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
Expand

Customer Service Offered

Compare Alice Blue vs Marwadi Group on Customer Service

Compare Alice Blue with Marwadi Group on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Alice Blue with Marwadi Group
Customer Service Compare Alice Blue Marwadi Group
24/7 Customer Service Alice Blue vs Marwadi Group - 24x7 customer support No No
Email Support Alice Blue vs Marwadi Group - Email Support No Yes
Onine Live Chat Alice Blue vs Marwadi Group - Onine Live Chat Yes No
Phone Support Alice Blue vs Marwadi Group - Phone Support Yes Yes
Toll Free Number Alice Blue vs Marwadi Group - Toll Free Number No No
Through Branches Alice Blue vs Marwadi Group - Through Branches Yes Yes
Customer Care Number Alice Blue vs Marwadi Group - Customer Care Number 08035215000/080-45490850 +91-281-6192000/+91-281-7174000
Account Opening Process Alice Blue vs Marwadi Group - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Alice Blue vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Alice Blue vs Marwadi Group - Knowledge Center/Education https://tradeschool.aliceblueonline.com/ https://www.marwadionline.com/blog/
Head Office Address Alice Blue vs Marwadi Group - Head Office Address/Corporate Address Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Info Not Available
Website Alice Blue vs Marwadi Group - Company Website https://www.aliceblueonline.com https://www.marwadionline.com/
Expand

Tips/Research/Reports Published

Compare Alice Blue vs Marwadi Group on Research Reports, Tips

Compare Alice Blue with Marwadi Group on research reports and tips provided by the broker.

Research Reports - Compare Alice Blue with Marwadi Group
  Alice Blue Marwadi Group
Research Mutual Funds Alice Blue vs Marwadi Group - Research Mutual Funds No Yes
Research Equity Reports Alice Blue vs Marwadi Group - Research Equity Reports No Yes
Research ETF Alice Blue vs Marwadi Group - Research ETF No Yes
Daily Market Report Alice Blue vs Marwadi Group - Daily Market Report Yes Yes
Free Tips Alice Blue vs Marwadi Group - Free Tips No Yes
Quarterly Result Analysis Alice Blue vs Marwadi Group - Quarterly Results No Yes
News Alerts Alice Blue vs Marwadi Group - No Yes
Expand

Demat Account

Compare Alice Blue vs Marwadi Group on Demat Account

Compare Alice Blue with Marwadi Group on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Marwadi Group is ₹250 pa where for Alice Blue is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Alice Blue is 0.04% of the value of the transaction where for Marwadi Group is ₹25.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Alice Blue with Marwadi Group
  Alice Blue Marwadi Group
DP Source CDSL CDSL
DP ID Alice Blue vs Marwadi Group - DP ID 83500 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹250 pa
Advance Deposit Rs 0 NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Rs 150 Stamp Charges Nil
Transaction Charges on Debit (Per ISIN) 0.04% of the value of the transaction ₹25
Demat ₹10 per certificate + ₹50 courier charges ₹3 per certificate
Remat ₹30 per certificate + CDSL charges ₹25 per certificate
Pledge Creation ₹20 + CDSL charges ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 + CDSL charges ₹20
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹20 + CDSL charges ₹25
Failed Instruction Charges Nil ₹15
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Alice Blue vs Marwadi Group on Special Offers and Promotion

Compare Alice Blue with Marwadi Group on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Alice Blue vs Marwadi Group on Special Offers and Promotion
  Alice Blue Marwadi Group
Pay In and Pay Out Options Alice Blue vs Marwadi Group - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Alice Blue vs Marwadi Group - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Alice Blue vs Marwadi Group - Bank Supported and Charges Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. Info Not Available
Bank Detail Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Info Not Available
Likes
  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

Detail Review...

  • Trade on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

Detail Review...

Dislikes
  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

Detail Review...

Special Offers/Promo
Enquiry Open Alice Blue Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-01-12T04:48:54+00:00