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Alice Blue Vs Groww Vs ProStocks: Which one is better?

The brokerage of Alice Blue ranges between Rs 15, the brokerage of Groww ranges between Rs 20, while the brokerage of ProStocks ranges between Rs 15. All 3 brokers are discount brokers. Overall rating for Alice Blue is 4, Groww is rated 4, ProStocks is rated 4 out of 5.

Here we present side-by-side comparison of Alice Blue vs Groww vs ProStocks stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Alice Blue vs Groww vs ProStocks on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Alice Blue vs Groww vs ProStocks in this setion with 360 degree view of broker information.

Compare 2 Brokers

Compare Alice Blue vs Groww vs ProStocks on Service

  Alice Blue Compare
Alice Blue		 Groww Compare
Groww		 ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE NSE, BSE
Broker Overview 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. Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an... Know more about ProStocks
Broker Enquiry Request call back from Alice Blue Request call back from Zerodha Request call back from ProStocks
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Account Opening Charges and AMC

Compare Alice Blue vs Groww vs ProStocks on Trading & Demat Account Opening Charges

In this section we have compared Alice Blue vs Groww vs ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Alice Blue charges Rs 400 PA as AMC for Demat account, Groww charges Free AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Alice Blue vs Groww vs ProStocks
Charges Alice Blue Groww ProStocks
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 PA Free Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Alice Blue vs Groww vs ProStocks on Plan Options

Plans are the most important feature you look when compare Alice Blue vs Groww vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue and ProStocks offers Multiple Plans where Groww doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Alice Blue and Groww doesn't offer.

Compare Alice Blue vs Groww vs ProStocks on Plan Options
Plan Types Alice Blue Groww ProStocks
Multiple Plans Yes No Yes
Monthly Plans No No Yes
Yearly Plans No No Yes
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Account Opening Request

Account Opening

  Alice Blue Zerodha ProStocks
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Brokerage Charges

Compare Alice Blue vs Groww vs ProStockson Brokerage 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.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

Brokerage Charges - Compare Alice Blue vs Groww vs ProStocks
Brokerage Charges Compare Alice Blue Groww ProStocks
Plan Name F15 Plan Flat Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Free 0.05% or Rs 20 whichever is lower Free
Equity Intraday 0.05% or Rs 15 whichever is lower 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures 0.05% or Rs 15 whichever is lower Flat Fee Rs 20 Flat Fee Rs 15
Equity Options Flat Fee Rs 15 Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.05% or Rs 15 whichever is lower Not Available Flat Fee Rs 15
Currency Options Flat Fee Rs 15 Not Available Flat Fee Rs 15
Commodity Trading Flat Fee Rs 15 Not Available NA
Minimum Brokerage NA NA
Hidden Charges No Info Not Available
Funding Yes - 24% interest PA Info Not Available No
Call & Trade Charges Rs 50 per order + GST Rs 50 Per Executable Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 per order + GST Rs 50 Per Executable Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Alice Blue Brokerage Calculator for Groww Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Alice Blue vs Groww vs ProStocks on Transaction Charges

Compare Alice Blue vs Groww vs ProStocks on transaction charges and PCM fee by segment.

Transaction Charges - Compare Alice Blue vs Groww vs ProStocks
Transaction Charges Compare Alice Blue Groww ProStocks
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA NA
Brokerage Charges Complete Brokerage Plans for alice-blue Complete Brokerage Plans for groww Complete Brokerage Plans for prostocks
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Account Features

Compare Alice Blue vs Groww vs ProStocks on Account Features

Compare Alice Blue vs Groww vs ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Groww offers margin funding where Alice Blue and ProStocks doesn't offers margin funding. NRI Trading - Alice Blue and ProStocks offers NRI Trading where Groww doesn't offers NRI Trading.

Account Features - Alice Blue vs Groww vs ProStocks
Account Features Compare Alice Blue Groww ProStocks
3 in 1 Account No Alice Blue have 2-in-1 account. Only Demate and Trading account. No Alice Blue have 2-in-1 account. Only Demate and Trading account. No ProStocks have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading Yes No Yes
SMS Alerts No No Yes
Online Demo No No Yes
Online Portfolio No Yes No
Margin Trading Funding Available No Yes No
Combined Ledger for Equity and Commodity Yes No No
Intraday Square-off Time 3:15 PM 3:10 PM 3:15PM
NRI Trading Yes No Yes
Other Features NIL NIL NIL
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Trading Platform

Compare Alice Blue vs Groww vs ProStockson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Alice Blue vs Groww vs ProStocks. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Alice Blue vs Groww vs ProStocks
Trading Platform Compare Alice Blue Groww ProStocks
Desktop Trading Platform ANT - Analyse and Trade Groww App Star ProStocks
Desktop Demo Info Not Available Info Not Available Info Not Available
Desktop Platform (Windows) Yes No Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

Yes

https://www.prostocksweb.com/
Web Trading Demo Info Not Available Info Not Available Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App ANT Mobile Groww App Star ProStocks
Mobile Trading App Demo ANT Mobile Demo Info Not Available Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod ANT Mobile Download Andriod Groww App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ANT Mobile Download iOS Groww App Download iOS Star ProStocks Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for Groww Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for Groww Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for alice-blue Detail on Trading Platforms for groww Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Alice Blue vs Groww vs ProStocks on User Rating

  Alice Blue Groww ProStocks
  8 Customer Reviews    Rate Alice Blue 8 Customer Reviews    Rate Groww 4 Customer Reviews    Rate ProStocks
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Alice Blue is Rated 2.1 / 5 based on 8 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Alice Blue vs Groww vs ProStocks on Investment Offerings

Compare Alice Blue vs Groww vs ProStocks 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Alice Blue offers Commodity Trading where Groww and ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Alice Blue and Groww offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

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

Compare Alice Blue vs Groww vs ProStocks on Order Types

Order Type - Compare Alice Blue vs Groww vs ProStocks on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Alice Blue and ProStocks provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Alice Blue and ProStocks provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Alice Blue and ProStocks AMO facility where Groww doesn't provides AMO. GTC Orders - ProStocks offers Good Till Cancelled (GTC) orders facility where Alice Blue and Groww doesn't provides GTC.

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

Compare Alice Blue vs Groww vs ProStocks on Customer Service

Compare Alice Blue vs Groww vs ProStocks on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Alice Blue vs Groww vs ProStocks
Customer Service Compare Alice Blue Groww ProStocks
24/7 Customer Service No No No
Email Support No Yes Yes
Onine Live Chat Yes Yes No
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes No No
Customer Care Number 08035215000/080-45490850 9108800604 +91-2262-434343
Account Opening Process Online/Paperless Online Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://tradeschool.aliceblueonline.com/ https://groww.in/academy https://www.prostocks.com/faq.html
Head Office Address Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063		 Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034		 Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website https://www.aliceblueonline.com https://groww.in/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Alice Blue vs Groww vs ProStocks on Research Reports, Tips

Compare Alice Blue vs Groww vs ProStocks on research reports and tips provided by broker.

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

Compare Alice Blue vs Groww vs ProStocks on Demat Account

Compare Alice Blue vs Groww vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Alice Blue vs Groww vs ProStocks
  Alice Blue Groww ProStocks
DP Source CDSL CDSL CDSL
DP ID 83500 No 83200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero Free (₹1000 Refundable Deposit)
Advance Deposit Rs 0 Nil 1000/- Refundable Deposit against charges
Statutory charges Rs 150 Stamp Charges Legal Charges Nil
Transaction Charges on Debit (Per ISIN) 0.04% of the value of the transaction ₹8 + ₹5.50 CDSL charges ₹20 per ISIN
Demat ₹10 per certificate + ₹50 courier charges ₹150 per certificate + courier charges ₹50 per set up + ₹50 courier charges
Remat ₹30 per certificate + CDSL charges ₹150 per certificate + courier charges ₹50 per set up + ₹50 courier charges
Pledge Creation ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Failed Instruction Charges Nil ₹50 ₹50 per transaction
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Alice Blue vs Groww vs ProStocks on Special Offers and Promotion

Compare Alice Blue vs Groww vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Alice Blue vs Groww vs ProStocks on Special Offers and Promotion
  Alice Blue Groww ProStocks
Pay In and Pay Out Options 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		 pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
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 Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks 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		 Info Not Available SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • 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...
  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...
  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

Detail Review...
Dislikes
  • 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...
  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...
  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...
Special Offers/Promo ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquire for Alice Blue Enquire for Groww Enquire for ProStocks

Last Updated on 2024-01-12T04:48:54+00:00

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