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Dhan Vs Alice Blue: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Dhan Max Rs 20 per trade while the brokerage of Alice Blue Max Rs 15 per trade. Both the brokers are Discount Brokers. Dhan is having overall lower rating compare to Alice Blue. Dhan is rated only 3 out of 5 where Alice Blue is rated 4 out of 5. Number of active customer for Dhan is 3,85,819 where number of active customer for Alice Blue is 1,60,409. Dhan is serving more customer compare to Alice Blue.

Here we present side-by-side comparison of Dhan vs Alice Blue share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Dhan vs Alice Blue'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 Dhan vs Alice Blue share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Dhan vs Alice Blue'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 Dhan vs Alice Blue on Service

  Dhan Compare
Dhan
Alice Blue Compare
Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 3,85,819 1,60,409
Broker Overview Open a free Dhan Demat and trading account and start trading at just Rs 20 brokerage on the lightning and superfast Dhan App, web, and Options Trader platform. It is the first broker to provide a dedicated options trading platform and allow Direct tr... Know more about Dhan 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.
Broker Enquiry Request call back from Zerodha Request call back from Alice Blue
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Account Opening Charges and AMC

Compare Dhan vs Alice Blue on Trading & Demat Account Opening Charges

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

Trading & Demat Account Opening Charges - Compare Dhan with Alice Blue
Charges Dhan Alice Blue
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Dhan vs Alice Blue on Plan Options

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

Compare Dhan with Alice Blue on Plan Options
Plan Types Dhan Alice Blue
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Alice Blue
Account Opening Request
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Brokerage Charges

Compare Dhan vs Alice Blue on Brokerage Charges

Dhan Brokerage Plan detail - Dhan has a fixed Rs 20 brokerage plan that charges you a maximum of Rs 20 per order brokerage fee on trading in equity, derivatives, commodity, and currency. However, it provides free equity delivery at zero 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.

Brokerage Charges - Compare Dhan with Alice Blue
Brokerage Charges Compare Dhan Alice Blue
Plan Name Dhan Brokerage Plan F15 Plan
Equity Delivery Free Free
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 15
Minimum Brokerage No NA
Hidden Charges No No
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Rs 50 per order + GST Rs 50 per order + GST
Auto Square off Charges Rs 20 per order + GST Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Dhan Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare Dhan vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare Dhan with Alice Blue
Transaction Charges Compare Dhan Alice Blue
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 NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for dhan Complete Brokerage Plans for alice-blue
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Account Features

Compare Dhan vs Alice Blue on Account Features

Compare Dhan with Alice Blue 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 - Dhan offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Alice Blue offers NRI where Dhan doesn't offers NRI Trading.

Account Features - Dhan with Alice Blue
Account Features Compare Dhan Alice Blue
3 in 1 Account No Dhan have 2-in-1 account. Only Demate and Trading account. No Dhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No No
Online Demo Yes No
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:20 PM 3:15 PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Dhan vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Dhan and Alice Blue. 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 Dhan with Alice Blue
Trading Platform Compare Dhan Alice Blue
Desktop Trading Platform Dhan App, Web, Options Trader ANT - Analyse and Trade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://web.dhan.co/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Dhan App ANT Mobile
Mobile Trading App Demo Dhan App Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Dhan App Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Dhan App Download iOS ANT Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Dhan Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for Dhan Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for Dhan Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for dhan Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare Dhan vs Alice Blue on User Rating

  Dhan Alice Blue
  12 Customer Reviews    Rate Dhan 8 Customer Reviews    Rate Alice Blue
Fees Ratings 2.8 2.6
Trading Brokerage Rating 3.6 3.4
Trading Platform Usability 3.2 2.4
Customer Service Ratings 2.8 2.6
Overall Ratings 3.3 2.1
Broker Rating Dhan is Rated 3.3 / 5 based on 12 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare Dhan vs Alice Blue on Investment Offerings

Compare Dhan with Alice Blue 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 - Alice Blue offers online mutual fund investment option where Dhan doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare Dhan vs Alice Blue on Order Types

Order Type - Compare Dhan with Alice Blue 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) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a 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- Dhan offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Dhan with Alice Blue
Order Type Compare Dhan Alice Blue
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Dhan vs Alice Blue on Customer Service

Compare Dhan with Alice Blue 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 Dhan with Alice Blue
Customer Service Compare Dhan Alice Blue
24/7 Customer Service Dhan vs Alice Blue - 24x7 customer support No No
Email Support Dhan vs Alice Blue - Email Support Yes No
Onine Live Chat Dhan vs Alice Blue - Onine Live Chat Yes Yes
Phone Support Dhan vs Alice Blue - Phone Support Yes Yes
Toll Free Number Dhan vs Alice Blue - Toll Free Number No No
Through Branches Dhan vs Alice Blue - Through Branches No Yes
Customer Care Number Dhan vs Alice Blue - Customer Care Number 022-48906273 08035215000/080-45490850
Account Opening Process Dhan vs Alice Blue - Account Opening Process Zero Online/Paperless
Customer Support Email Dhan vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Dhan vs Alice Blue - Knowledge Center/Education https://knowledge.dhan.co/support/home https://tradeschool.aliceblueonline.com/
Head Office Address Dhan vs Alice Blue - Head Office Address/Corporate Address
302, Western Edge l,
Off Western Express Highway,
Borivali East, Mumbai - 400066,
Maharashtra, India.
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website Dhan vs Alice Blue - Company Website https://dhan.co/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare Dhan vs Alice Blue on Research Reports, Tips

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

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

Compare Dhan vs Alice Blue on Demat Account

Compare Dhan with Alice Blue 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 Alice Blue is ₹400 pa where for Dhan is Zero.

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 Dhan is ₹12.5 per transaction where for Alice Blue is 0.04% of the value of the transaction.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 Dhan with Alice Blue
  Dhan Alice Blue
DP Source CDSL CDSL
DP ID Dhan vs Alice Blue - DP ID 289-2016 83500
Demat Account Annual Maintenance Charges(AMC) Zero ₹400 pa
Advance Deposit Nil Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) ₹12.5 per transaction 0.04% of the value of the transaction
Demat ₹250 per certificate + courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹250 per certificate + courier charges ₹30 per certificate + CDSL charges
Pledge Creation ₹12.5 per transaction ₹20 + CDSL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹12.5 per transaction ₹20 + CDSL charges
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹12.5 per transaction ₹20 + CDSL charges
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Dhan vs Alice Blue on Special Offers and Promotion

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

Compare Dhan vs Alice Blue on Special Offers and Promotion
  Dhan Alice Blue
Pay In and Pay Out Options Dhan vs Alice Blue - Pay In and Pay Out Options UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS 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
Payout Time Dhan vs Alice Blue - Payout Time Fast withdrawal with IMPS, NEFT Withdrawal Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Dhan vs Alice Blue - Bank Supported and Charges Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Likes
  • No account opening fees.
  • No brokerage fees for investing in stocks, IPO, and ETF.
  • Rs 20 competitive brokerage plan.
  • TradingView charting platform.
  • Lightning, fast, and user-friendly Dhan app and web platform.
  • Powerful options trader app and web platform for F&O traders.
  • Instant withdrawal of funds to your bank account in just a few minutes.
  • Margin trading facility.
  • Start daily, weekly and monthly SIP in stocks and ETFs.
  • After-market order (AMO), Basket order, Bracket order (BO), Cover order (CO) and Forever order.
  • 50% brokerage discount to women traders and investors.

Detail Review...

  • 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...

Dislikes
  • You cannot invest in mutual funds and sovereign gold bonds.
  • No installable trading terminal.
  • High fees for call & trade services.
  • Does not offer stock market trading tips, equity research & advisory.
  • You cannot open a 3-in-1 account in Dhan.
  • NRIs cannot open Dhan trading and demat accounts.

Detail Review...

  • 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...

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

Last Updated on 2023-09-14T03:51:34+00:00