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

Upstox 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 Upstox Max Rs 20 per trade while the brokerage of Alice Blue Max Rs 15 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to Alice Blue. Upstox is rated 4.5 out of 5 where Alice Blue is rated only 4 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for Alice Blue is 1,60,409. Upstox is serving more customer compare to Alice Blue.

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

  Upstox Compare
Upstox
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 24,01,555 1,60,409
Broker Overview Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. 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 Upstox Request call back from Alice Blue
Expand

Account Opening Charges and AMC

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

Comparison of Upstox with Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - Alice Blue offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox with Alice Blue
Charges Upstox Alice Blue
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Upstox vs Alice Blue on Plan Options

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

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

Account Opening Request

Account Opening

  Upstox Alice Blue
Account Opening Request
Expand

Brokerage Charges

Compare Upstox vs Alice Blue on Brokerage Charges

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

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 Upstox with Alice Blue
Brokerage Charges Compare Upstox Alice Blue
Plan Name Max Rs 20 Per Order Trading Plan F15 Plan
Equity Delivery 2.5% or Rs 20 whichever is lower Free
Equity Intraday 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.05% 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 0.05% 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 Info Not Available No
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Rs 50 + 18% GST Rs 50 per order + GST
Auto Square off Charges Rs 50 + 18% GST Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Alice Blue
Expand

Share Broker's Transaction Charges

Compare Upstox vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare Upstox with Alice Blue
Transaction Charges Compare Upstox 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 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for alice-blue
Expand

Account Features

Compare Upstox vs Alice Blue on Account Features

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

Account Features - Upstox with Alice Blue
Account Features Compare Upstox Alice Blue
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes 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 No Yes
Other Features NIL NIL
Expand

Trading Platform

Compare Upstox vs Alice Blue on Trading Platform

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

Expand

Broker Ratings by Users

Compare Upstox vs Alice Blue on User Rating

  Upstox Alice Blue
  12 Customer Reviews    Rate Upstox 8 Customer Reviews    Rate Alice Blue
Fees Ratings 3.5 2.6
Trading Brokerage Rating 3.8 3.4
Trading Platform Usability 3.7 2.4
Customer Service Ratings 3.5 2.6
Overall Ratings 3.7 2.1
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
Expand

Investment Offerings

Compare Upstox vs Alice Blue on Investment Offerings

Compare Upstox 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 Upstox with Alice Blue
Investment Offerings Compare Upstox 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 No No
ETF Yes Yes
Banking No 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
Expand

Order Types

Compare Upstox vs Alice Blue on Order Types

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

Order Types - Compare Upstox with Alice Blue
Order Type Compare Upstox 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
Expand

Customer Service Offered

Compare Upstox vs Alice Blue on Customer Service

Compare Upstox 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 Upstox with Alice Blue
Customer Service Compare Upstox Alice Blue
24/7 Customer Service Upstox vs Alice Blue - 24x7 customer support No No
Email Support Upstox vs Alice Blue - Email Support Yes No
Onine Live Chat Upstox vs Alice Blue - Onine Live Chat Yes Yes
Phone Support Upstox vs Alice Blue - Phone Support Yes Yes
Toll Free Number Upstox vs Alice Blue - Toll Free Number No No
Through Branches Upstox vs Alice Blue - Through Branches Yes Yes
Customer Care Number Upstox vs Alice Blue - Customer Care Number +91 22 6130 9999 08035215000/080-45490850
Account Opening Process Upstox vs Alice Blue - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Upstox vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Upstox vs Alice Blue - Knowledge Center/Education https://upstox.com/help-center/ https://tradeschool.aliceblueonline.com/
Head Office Address Upstox vs Alice Blue - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website Upstox vs Alice Blue - Company Website https://upstox.com/ https://www.aliceblueonline.com
Expand

Tips/Research/Reports Published

Compare Upstox vs Alice Blue on Research Reports, Tips

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

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

Demat Account

Compare Upstox vs Alice Blue on Demat Account

Compare Upstox 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 Upstox is ₹300 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 Upstox is ₹13 + ₹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 Upstox with Alice Blue
  Upstox Alice Blue
DP Source CDSL CDSL
DP ID Upstox vs Alice Blue - DP ID 81800 83500
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹400 pa
Advance Deposit NIL Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges 0.04% of the value of the transaction
Demat ₹20 + ₹50 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹30 per certificate + CDSL charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + CDSL charges
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + CDSL charges
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) ₹20 + CDSL charges
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Upstox vs Alice Blue on Special Offers and Promotion

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

Compare Upstox vs Alice Blue on Special Offers and Promotion
  Upstox Alice Blue
Pay In and Pay Out Options Upstox vs Alice Blue - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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 Upstox vs Alice Blue - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Upstox vs Alice Blue - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Likes

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

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 Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Upstox Account Now>> Open Alice Blue Account Now>>

Last Updated on 2023-12-15T00:33:11+00:00