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HDFC Sky 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 HDFC Sky Max Rs 20 per trade while the brokerage of Alice Blue Max Rs 15 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for Alice Blue is 1,60,409. HDFC Sky is serving more customer compare to Alice Blue.

Here we present side-by-side comparison of HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky vs Alice Blue on Service

  HDFC Sky Compare
HDFC Sky
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? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 10,62,264 1,60,409
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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 HDFC Sky vs Alice Blue on Trading & Demat Account Opening Charges

Comparison of HDFC Sky 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 - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Alice Blue
Charges HDFC Sky Alice Blue
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Alice Blue on Plan Options

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

Compare HDFC Sky with Alice Blue on Plan Options
Plan Types HDFC Sky 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 HDFC Sky vs Alice Blue on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

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 HDFC Sky with Alice Blue
Brokerage Charges Compare HDFC Sky Alice Blue
Plan Name Fixed pricing model F15 Plan
Equity Delivery 0.1% or Rs 20 whichever is lower Free
Equity Intraday 0.1% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.1% 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 0.1% 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 NIL NA
Hidden Charges No No
Funding Yes - 12% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 20 per call Rs 50 per order + GST
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare HDFC Sky vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Alice Blue
Transaction Charges Compare HDFC Sky 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 hdfc-sky Complete Brokerage Plans for alice-blue
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Account Features

Compare HDFC Sky vs Alice Blue on Account Features

Compare HDFC Sky with Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 account where Alice Blue offers only 2-in-1 account which includes trading and demat account. Algo Trading - Alice Blue offers Algo Trading where HDFC Sky doesn't offers Algo Trading. Margin Funding - HDFC Sky offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

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

Compare HDFC Sky vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky 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 HDFC Sky with Alice Blue
Trading Platform Compare HDFC Sky Alice Blue
Desktop Trading Platform HDFC Sky 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://hdfcsky.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App ANT Mobile
Mobile Trading App Demo HDFC Sky App Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky 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 HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare HDFC Sky vs Alice Blue on User Rating

  HDFC Sky Alice Blue
  97 Customer Reviews    Rate HDFC Sky 8 Customer Reviews    Rate Alice Blue
Fees Ratings 2.4 2.6
Trading Brokerage Rating 2.1 3.4
Trading Platform Usability 2.9 2.4
Customer Service Ratings 2.8 2.6
Overall Ratings 2.4 2.1
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare HDFC Sky vs Alice Blue on Investment Offerings

Compare HDFC Sky 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 - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare HDFC Sky vs Alice Blue on Order Types

Order Type - Compare HDFC Sky 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)- Alice Blue offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare HDFC Sky with Alice Blue
Order Type Compare HDFC Sky 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 No Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare HDFC Sky vs Alice Blue on Customer Service

Compare HDFC Sky 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 HDFC Sky with Alice Blue
Customer Service Compare HDFC Sky Alice Blue
24/7 Customer Service HDFC Sky vs Alice Blue - 24x7 customer support No No
Email Support HDFC Sky vs Alice Blue - Email Support Yes No
Onine Live Chat HDFC Sky vs Alice Blue - Onine Live Chat No Yes
Phone Support HDFC Sky vs Alice Blue - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Alice Blue - Toll Free Number No No
Through Branches HDFC Sky vs Alice Blue - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Alice Blue - Customer Care Number 1800 121 2109 08035215000/080-45490850
Account Opening Process HDFC Sky vs Alice Blue - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Alice Blue - Knowledge Center/Education https://hdfcsky.com/learn https://tradeschool.aliceblueonline.com/
Head Office Address HDFC Sky vs Alice Blue - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website HDFC Sky vs Alice Blue - Company Website https://hdfcsky.com/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare HDFC Sky vs Alice Blue on Research Reports, Tips

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

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

Compare HDFC Sky vs Alice Blue on Demat Account

Compare HDFC Sky 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 HDFC Sky is ₹750 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 HDFC Sky is 0.04% (Min ₹20) + CDSL charges 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 HDFC Sky with Alice Blue
  HDFC Sky Alice Blue
DP Source CDSL CDSL
DP ID HDFC Sky vs Alice Blue - DP ID CDSL: 1209 83500
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹400 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges 0.04% of the value of the transaction
Demat ₹5 per certificate + ₹35 request charges ₹10 per certificate + ₹50 courier charges
Remat ₹30 ₹30 per certificate + CDSL charges
Pledge Creation Nil ₹20 + CDSL charges
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil ₹20 + CDSL charges
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹20 + CDSL charges
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Alice Blue on Special Offers and Promotion

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

Compare HDFC Sky vs Alice Blue on Special Offers and Promotion
  HDFC Sky Alice Blue
Pay In and Pay Out Options HDFC Sky vs Alice Blue - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
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 HDFC Sky vs Alice Blue - Payout Time Instant to HDFC Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges HDFC Sky vs Alice Blue - Bank Supported and Charges Info Not Available Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail Direct from your HDFC bank account. Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

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
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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 2023-11-09T03:39:28+00:00