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

IIFL Securities 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 IIFL Securities Max Rs 20 per trade while the brokerage of Alice Blue ranges between Rs 15. IIFL Securities is a Full Service Broker where Alice Blue is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for IIFL Securities is 4,26,451 where number of active customer for Alice Blue is 1,60,409. IIFL Securities is serving more customer compare to Alice Blue.

Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities vs Alice Blue on Service

  IIFL Securities Compare
IIFL Securities
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? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 4,26,451 1,60,409
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities 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 IIFL Securities Request call back from Alice Blue
Expand

Account Opening Charges and AMC

Compare IIFL Securities vs Alice Blue on Trading & Demat Account Opening Charges

Comparison of IIFL Securities 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 - IIFL Securities charges Rs 250 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 IIFL Securities with Alice Blue
Charges IIFL Securities Alice Blue
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Rs 400 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare IIFL Securities vs Alice Blue on Plan Options

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

Compare IIFL Securities with Alice Blue on Plan Options
Plan Types IIFL Securities Alice Blue
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  IIFL Securities Alice Blue
Account Opening Request
Expand

Brokerage Charges

Compare IIFL Securities vs Alice Blue on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage 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 IIFL Securities with Alice Blue
Brokerage Charges Compare IIFL Securities Alice Blue
Plan Name IIFL iSERVE Brokerage Plan F15 Plan
Equity Delivery Flat Rs 20 per order Free
Equity Intraday Flat Rs 20 per order 0.05% or Rs 15 whichever is lower
Equity Futures Flat Rs 20 per order 0.05% or Rs 15 whichever is lower
Equity Options Flat Rs 20 per order Flat Fee Rs 15
Currency Futures Flat Rs 20 per order 0.05% or Rs 15 whichever is lower
Currency Options Flat Rs 20 per order Flat Fee Rs 15
Commodity Trading Flat Rs 20 per order Flat Fee Rs 15
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 50 Per Call + GST Rs 50 per order + GST
Auto Square off Charges Rs 50 Per Call + GST Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Alice Blue
Expand

Share Broker's Transaction Charges

Compare IIFL Securities vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Alice Blue
Transaction Charges Compare IIFL Securities 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for alice-blue
Expand

Account Features

Compare IIFL Securities vs Alice Blue on Account Features

Compare IIFL Securities 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 - Alice Blue offers Algo Trading where IIFL Securities doesn't offers Algo Trading. Margin Funding - IIFL Securities offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IIFL Securities with Alice Blue
Account Features Compare IIFL Securities Alice Blue
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities 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
Expand

Trading Platform

Compare IIFL Securities vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 IIFL Securities with Alice Blue
Trading Platform Compare IIFL Securities Alice Blue
Desktop Trading Platform IIFL Trader terminal ANT - Analyse and Trade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets ANT Mobile
Mobile Trading App Demo IIFL Markets Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets 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 IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for alice-blue

Expand

Broker Ratings by Users

Compare IIFL Securities vs Alice Blue on User Rating

  IIFL Securities Alice Blue
  82 Customer Reviews    Rate IIFL Securities 8 Customer Reviews    Rate Alice Blue
Fees Ratings 3.1 2.6
Trading Brokerage Rating 2.9 3.4
Trading Platform Usability 3.4 2.4
Customer Service Ratings 2.9 2.6
Overall Ratings 2.8 2.1
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
Expand

Investment Offerings

Compare IIFL Securities vs Alice Blue on Investment Offerings

Compare IIFL Securities 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) - IIFL Securities provide PMS Service where Alice Blue doesn't offer

Investment Offerings - Compare IIFL Securities with Alice Blue
Investment Offerings Compare IIFL Securities 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 No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
Expand

Order Types

Compare IIFL Securities vs Alice Blue on Order Types

Order Type - Compare IIFL Securities 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) - Alice Blue provides Bracket Orders (BO) where IIFL Securities 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- IIFL Securities offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.

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

Customer Service Offered

Compare IIFL Securities vs Alice Blue on Customer Service

Compare IIFL Securities 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 IIFL Securities with Alice Blue
Customer Service Compare IIFL Securities Alice Blue
24/7 Customer Service IIFL Securities vs Alice Blue - 24x7 customer support Yes No
Email Support IIFL Securities vs Alice Blue - Email Support Yes No
Onine Live Chat IIFL Securities vs Alice Blue - Onine Live Chat Yes Yes
Phone Support IIFL Securities vs Alice Blue - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Alice Blue - Toll Free Number Yes No
Through Branches IIFL Securities vs Alice Blue - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Alice Blue - Customer Care Number 022-40071000 08035215000/080-45490850
Account Opening Process IIFL Securities vs Alice Blue - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Alice Blue - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://tradeschool.aliceblueonline.com/
Head Office Address IIFL Securities vs Alice Blue - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website IIFL Securities vs Alice Blue - Company Website https://www.indiainfoline.com/ https://www.aliceblueonline.com
Expand

Tips/Research/Reports Published

Compare IIFL Securities vs Alice Blue on Research Reports, Tips

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

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

Demat Account

Compare IIFL Securities vs Alice Blue on Demat Account

Compare IIFL Securities 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 IIFL Securities 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (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 IIFL Securities with Alice Blue
  IIFL Securities Alice Blue
DP Source CDSL CDSL
DP ID IIFL Securities vs Alice Blue - DP ID 44700 83500
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹400 pa
Advance Deposit Nil Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% of the value of the transaction
Demat ₹15 per certificate + ₹40 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹30 per certificate + CDSL charges
Pledge Creation ₹50 ₹20 + CDSL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹20 + CDSL charges
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹20 + CDSL charges
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Alice Blue on Special Offers and Promotion

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

Compare IIFL Securities vs Alice Blue on Special Offers and Promotion
  IIFL Securities Alice Blue
Pay In and Pay Out Options IIFL Securities vs Alice Blue - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
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 IIFL Securities vs Alice Blue - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IIFL Securities vs Alice Blue - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

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
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

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 IIFL Securities Account Now>> Open Alice Blue Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00