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IIFL Securities Vs Alice Blue NRI Account Comparison

The side-by-side comparison of IIFL Securities and Alice Blue NRI Account. Compare IIFL Securities Vs Alice Blue NRI Account brokerage charges, exposure margin, demat account and AMC. Read Alice Blue and IIFL Securities NRI Account reviews.

Find out IIFL Securities Vs Alice Blue which is better NRI Trading Account. See IIFL Securities Vs Alice Blue which is best NRI Demat Account.

Our IIFL Securities Ltd comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between IIFL Securities and Alice Blue NRI Account.

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IIFL Securities Vs Alice Blue

  IIFL Securities Alice Blue
 
  IIFL Securities Ltd Logo Alice Blue Financial Services Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with... Know more about Alice Blue Financial Services
Account Type NRI Account NA
Special Offer
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

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IIFL Securities Vs Alice Blue Charges

  IIFL Securities Alice Blue
NRI Account Opening Fees ₹750 NA
NRI Account AMC ₹400 + GST NA
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 250 (Free for 1st year) Rs 400
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open IIFL Securities AccountOpen Alice Blue Account

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IIFL Securities Vs Alice Blue NRI Account Brokerage Comparison

Account Type IIFL Securities NRI Account Alice Blue NA
Equity Delivery 0.50% NA
Equity Futures NA
Equity Options NA
Open IIFL Securities AccountOpen Alice Blue Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges NA
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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IIFL Securities Vs Alice Blue NRI Account Taxes/Fees

  IIFL Securities Alice Blue
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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IIFL Securities Vs Alice Blue NRI Account Margin

  IIFL Securities Margin Alice Blue Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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IIFL Securities and Alice Blue NRI Account Features

  IIFL Securities Alice Blue
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features
Open IIFL Securities AccountOpen Alice Blue Account

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IIFL Securities Vs Alice Blue NRI Account Review

  IIFL Securities Review Alice Blue Review
  128 Customer Reviews    Rate IIFL Securities 37 Customer Reviews    Rate Alice Blue
Fees 2.8 3.7
Brokerage 2.6 3.7
Trading Platform 3.2 3.4
Customer Service 2.6 3.0
Overall Rating Rated 2.6 stars Rated 3.2 stars
Broker Rating IIFL Securities is Rated 2.6 / 5 based on 128 customer reviews Alice Blue is Rated 3.2 / 5 based on 37 customer reviews
Open IIFL Securities AccountOpen Alice Blue Account

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Contact Broker / Request A Call Back

  IIFL Securities Enquire Alice Blue Enquire
Contact Broker Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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IIFL Securities Vs Alice Blue NRI Investment Options

  IIFL Securities Alice Blue
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options

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IIFL Securities Vs Alice Blue NRI Customer Service

  IIFL Securities Alice Blue
Customer Care Number +91 22 4007 1000
Customer Care Email cs@iifl.com
Open IIFL Securities AccountOpen Alice Blue Account

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IIFL Securities Vs Alice Blue Order Type Offered for NRI Account

  IIFL Securities Alice Blue
Bracket Order No No
Cover Order No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No

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IIFL Securities Vs Alice Blue - NRI Account Advantages and Disadvantages

  IIFL Securities Alice Blue
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
Cons
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  • Alice Blue does not offer NRI trading and demat account.
Conclusion

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

Promo / Offers

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Alice Blue Special Offer

Free Equity Delivery Trade

Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Open IIFL Securities AccountOpen Alice Blue Account

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