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The brokerage of Zerodha ranges between Rs 20, the brokerage of SBICAP Securities ranges between .05 to 0.50%, while the brokerage of Alice Blue ranges between Rs 15. The broker Zerodha and Alice Blue are discount brokers where SBICAP Securities is a full service broker. Overall rating for Zerodha is 4.5, SBICAP Securities is rated 4, Alice Blue is rated 4 out of 5.
Here we present side-by-side comparison of Zerodha vs SBICAP Securities vs Alice Blue stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Zerodha vs SBICAP Securities vs Alice Blue 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 Zerodha vs SBICAP Securities vs Alice Blue in this setion with 360 degree view of broker information.
 Zerodha |
 SBICAP Securities |
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| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | BSE, NSE, MCX, NCDEX |
| Broker Overview | Zerodha is India's leading discount broker offering free account opening, free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. | Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ... |
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. |
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In this section we have compared Zerodha vs SBICAP Securities vs Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha and Alice Blue offer Free account opening where SBICAP Securities charges Rs 850 for account opeing. Demat AMC charges - Zerodha charges Rs 300 PA as AMC for Demat account, SBICAP Securities charges Rs 500 PA AMC for Demat account, where Alice Blue charges Rs 400 PA AMC for Demat account.
| Charges | Zerodha | SBICAP Securities | Alice Blue |
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| Trading Account Opening Fees | Free | Rs 850 | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 300 PA | Rs 500 PA | Rs 400 PA |
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Plans are the most important feature you look when compare Zerodha vs SBICAP Securities vs Alice Blue. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue offers Multiple Plans where Zerodha and SBICAP Securities doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Zerodha | SBICAP Securities | Alice Blue |
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Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.
SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.
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 | Zerodha | SBICAP Securities | Alice Blue |
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| Plan Name | Max Rs 20 per order Trading Plan | Standard or default brokerage plan | F15 Plan |
| Equity Delivery | Free | 0.50% | Free |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | 0.05% | 0.05% or Rs 15 whichever is lower |
| Equity Futures | 0.03% or Rs 20 whichever is lower | 0.05% | 0.05% or Rs 15 whichever is lower |
| Equity Options | Flat Fee Rs 20 | Rs 100 Per Lot | Flat Fee Rs 15 |
| Currency Futures | 0.03% or Rs 20 whichever is lower | 0.03% | 0.05% or Rs 15 whichever is lower |
| Currency Options | Flat Fee Rs 20 | Rs 30 Per Lot | Flat Fee Rs 15 |
| Commodity Trading | Flat Fee Rs 20 | Rs. 100 per lot | Flat Fee Rs 15 |
| Minimum Brokerage | NIL | Rs 0.05 for Cash, Rs 0.01 Future | NA |
| Hidden Charges | No | Info Not Available | |
| Funding | Info Not Available | Yes - 24% interest PA | Yes - 24% interest PA |
| Call & Trade Charges | Rs 50 Per Executable Order | Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. | Rs 50 per order + GST |
| Auto Square off Charges | Rs 50 Per Executable Order | First Free 30 per month, after Rs 10 per square-off | Rs 50 per order + GST |
| Brokerage Calculator | Brokerage Calculator for Zerodha | Brokerage Calculator for SBICAP Securities | Brokerage Calculator for Alice Blue |
Compare Zerodha vs SBICAP Securities vs Alice Blue on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Zerodha | SBICAP Securities | Alice Blue |
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| 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 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for zerodha | Complete Brokerage Plans for sbicap-securities | Complete Brokerage Plans for alice-blue |
Compare Zerodha vs SBICAP Securities vs Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - SBICAP Securities offers 3-in-1 Account where Zerodha and Alice Blue offers only 2-in-1 account which includes trading and demat account. Margin Funding - All 3 brokers dont have margin funing facility. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Zerodha | SBICAP Securities | Alice Blue |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:20 PM | 3:15PM | 3:15 PM |
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| Other Features | NIL | Trading software terminal: ODIN Diet | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Zerodha vs SBICAP Securities vs Alice Blue. 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.
| Zerodha | SBICAP Securities | Alice Blue | ||
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160 Customer Reviews
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78 Customer Reviews
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8 Customer Reviews
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| Broker Rating | Zerodha is Rated 3.9 / 5 based on 160 customer reviews | SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews | Alice Blue is Rated 2.1 / 5 based on 8 customer reviews |
Compare Zerodha vs SBICAP Securities vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Zerodha and Alice Blue offers Commodity Trading where SBICAP Securities doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.
| Investment Offerings Compare | Zerodha | SBICAP Securities | Alice Blue |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Zerodha vs SBICAP Securities vs Alice Blue 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) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - SBICAP Securities and Alice Blue provides Bracket Orders (BO) facility where Zerodha doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Zerodha and SBICAP Securities offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.
| Order Type Compare | Zerodha | SBICAP Securities | Alice Blue |
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Compare Zerodha vs SBICAP Securities vs Alice Blue 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 Service Compare | Zerodha | SBICAP Securities | Alice Blue |
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| 24/7 Customer Service | |
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| Customer Care Number | "+ 91 80 4040 2020" | 022 6854 5555 | 08035215000/080-45490850 |
| Account Opening Process | Online/Paperless | Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://zerodha.com/varsity/ | https://www.sbismart.com/education | https://tradeschool.aliceblueonline.com/ |
| Head Office Address | Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 |
SBICAP SECURITIES LTD., A&B WING, MARATHON FUTUREX 12TH FLOOR, N.M.JOSHI MARG LOWER PAREL, MUMBAI - 400013 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
| Website | https://zerodha.com/ | https://www.sbismart.com | https://www.aliceblueonline.com |
Compare Zerodha vs SBICAP Securities vs Alice Blue on research reports and tips provided by broker.
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Compare Zerodha vs SBICAP Securities vs Alice Blue on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Zerodha | SBICAP Securities | Alice Blue | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 81600 | 19300 | 83500 |
| Demat Account Annual Maintenance Charges(AMC) | ₹300 pa | ₹500 | ₹400 pa |
| Advance Deposit | Nil | 0 for all | Rs 0 |
| Statutory charges | ₹50 | Nil | Rs 150 Stamp Charges |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | 0.01% of the transaction value (Min ₹21 and Max ₹300) | 0.04% of the value of the transaction |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹5 per certificate + ₹35 courier charges | ₹10 per certificate + ₹50 courier charges |
| Remat | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹35 per certificate + CDSL Charges | ₹30 per certificate + CDSL charges |
| Pledge Creation | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | ₹20 + CDSL charges |
| Pledge Creation Confirmation | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | Nil |
| Pledge Closure | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | ₹20 + CDSL charges |
| Pledge Closure Confirmation | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | Nil |
| Pledge Invocation | ₹20 | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | ₹20 + CDSL charges |
| Failed Instruction Charges | ₹50 per instraction | ₹10 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Zerodha vs SBICAP Securities vs Alice Blue on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Zerodha | SBICAP Securities | Alice Blue | |
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| Pay In and Pay Out Options | pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite 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 SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application. 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 | Max 24 hrs except for bank holidays | Upto 24 Hrs except Bank Holidays. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). | Direct to SBI Bank. | 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#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240 |
Direct to SBI bank account | Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232 |
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You will enjoy many benefits or advantages while trading with Zerodha;
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| Special Offers/Promo | Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges. | ||
| Enquire for Zerodha | Enquire for SBICAP Securities | Enquire for Alice Blue |
Last Updated on 2024-07-02T01:41:09+00:00
