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IDBI Direct Vs Alice Blue: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Alice Blue offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Alice Blue ranges between Rs 15. IDBI Direct is a Full Service Broker where Alice Blue is a Discount Broker. IDBI Direct is having overall lower rating compare to Alice Blue. IDBI Direct is rated only 3.5 out of 5 where Alice Blue is rated 4 out of 5. Number of active customer for Alice Blue is 1,60,409 where number of active customer for IDBI Direct is 54,478. Alice Blue is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs Alice Blue on Service

  IDBI Direct Compare
IDBI Direct
Alice Blue Compare
Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 54,478 1,60,409
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs Alice Blue on Trading & Demat Account Opening Charges

Comparison of IDBI Direct 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 - IDBI Direct charges Rs 350 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 IDBI Direct with Alice Blue
Charges IDBI Direct Alice Blue
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Alice Blue on Plan Options

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

Compare IDBI Direct with Alice Blue on Plan Options
Plan Types IDBI Direct 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 IDBI Direct vs Alice Blue on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with Alice Blue
Brokerage Charges Compare IDBI Direct Alice Blue
Plan Name Flat Brokerage PLan F15 Plan
Equity Delivery 0.20% Free
Equity Intraday 0.02% 0.05% or Rs 15 whichever is lower
Equity Futures Flat Rs 15 per order 0.05% or Rs 15 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 15
Currency Futures Flat Rs 15 per order 0.05% or Rs 15 whichever is lower
Currency Options Flat Rs 15 per order Flat Fee Rs 15
Commodity Trading NA Flat Fee Rs 15
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NA
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Free Rs 50 per order + GST
Auto Square off Charges NA Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare IDBI Direct vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Alice Blue
Transaction Charges Compare IDBI Direct 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 idbicapital Complete Brokerage Plans for alice-blue
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Account Features

Compare IDBI Direct vs Alice Blue on Account Features

Compare IDBI Direct with Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Alice Blue
Account Features Compare IDBI Direct Alice Blue
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct 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 No 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 IDBI Direct vs Alice Blue on Trading Platform

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

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Broker Ratings by Users

Compare IDBI Direct vs Alice Blue on User Rating

  IDBI Direct Alice Blue
  31 Customer Reviews    Rate IDBI Direct 8 Customer Reviews    Rate Alice Blue
Fees Ratings 3.0 2.6
Trading Brokerage Rating 2.5 3.4
Trading Platform Usability 2.6 2.4
Customer Service Ratings 2.7 2.6
Overall Ratings 2.7 2.1
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare IDBI Direct vs Alice Blue on Investment Offerings

Compare IDBI Direct 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 - Alice Blue offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 IDBI Direct with Alice Blue
Investment Offerings Compare IDBI Direct Alice Blue
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes 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 IDBI Direct vs Alice Blue on Order Types

Order Type - Compare IDBI Direct 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- IDBI Direct offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with Alice Blue
Order Type Compare IDBI Direct 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 IDBI Direct vs Alice Blue on Customer Service

Compare IDBI Direct 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 IDBI Direct with Alice Blue
Customer Service Compare IDBI Direct Alice Blue
24/7 Customer Service IDBI Direct vs Alice Blue - 24x7 customer support No No
Email Support IDBI Direct vs Alice Blue - Email Support Yes No
Onine Live Chat IDBI Direct vs Alice Blue - Onine Live Chat No Yes
Phone Support IDBI Direct vs Alice Blue - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Alice Blue - Toll Free Number Yes No
Through Branches IDBI Direct vs Alice Blue - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Alice Blue - Customer Care Number 022-3913 5001 08035215000/080-45490850
Account Opening Process IDBI Direct vs Alice Blue - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Alice Blue - Knowledge Center/Education Info Not Available https://tradeschool.aliceblueonline.com/
Head Office Address IDBI Direct vs Alice Blue - Head Office Address/Corporate Address Info Not Available Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website IDBI Direct vs Alice Blue - Company Website https://www.idbidirect.in/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare IDBI Direct vs Alice Blue on Research Reports, Tips

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

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

Compare IDBI Direct vs Alice Blue on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with Alice Blue
  IDBI Direct Alice Blue
DP Source CDSL CDSL
DP ID IDBI Direct vs Alice Blue - DP ID No 83500
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹400 pa
Advance Deposit NO Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 0.04% of the value of the transaction
Demat ₹5 per certificate + ₹30 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹30 per certificate + CDSL charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹20 + CDSL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹20 + CDSL charges
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹20 + CDSL charges
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Alice Blue on Special Offers and Promotion

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

Compare IDBI Direct vs Alice Blue on Special Offers and Promotion
  IDBI Direct Alice Blue
Pay In and Pay Out Options IDBI Direct vs Alice Blue - Pay In and Pay Out Options Info Not Available 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 IDBI Direct vs Alice Blue - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct 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 Info Not Available Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 2023-08-21T03:25:00+00:00