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Zerodha Vs Alice Blue NRI Account Comparison

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

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

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

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Zerodha Vs Alice Blue

  Zerodha Alice Blue
 
  Zerodha Logo Alice Blue Financial Services Logo
About the Broker Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha 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
Open Zerodha AccountOpen Alice Blue Account

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Zerodha Vs Alice Blue Charges

  Zerodha Alice Blue
NRI Account Opening Fees ₹500 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 300 Rs 400
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Zerodha AccountOpen Alice Blue Account

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Zerodha Vs Alice Blue NRI Account Brokerage Comparison

Account Type Zerodha NRI Account Alice Blue NA
Equity Delivery 0.1% or max ₹200 per trade NA
Equity Futures ₹100 per trade NA
Equity Options ₹100 per trade NA
Open Zerodha AccountOpen Alice Blue Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC: ₹300 yearly 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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Zerodha Vs Alice Blue NRI Account Taxes/Fees

  Zerodha 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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Zerodha Vs Alice Blue NRI Account Margin

  Zerodha 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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Zerodha and Alice Blue NRI Account Features

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

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Zerodha Vs Alice Blue NRI Account Review

  Zerodha Review Alice Blue Review
  452 Customer Reviews    Rate Zerodha 33 Customer Reviews    Rate Alice Blue
Fees 3.7 3.8
Brokerage 4.3 3.7
Trading Platform 3.6 3.5
Customer Service 3.4 2.9
Overall Rating Rated 3.7 stars Rated 3.3 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 452 customer reviews Alice Blue is Rated 3.3 / 5 based on 33 customer reviews
Open Zerodha AccountOpen Alice Blue Account

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Contact Broker / Request A Call Back

  Zerodha Enquire Alice Blue Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open FREE Instant Account online with Alice Blue and start trading today.
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Zerodha Vs Alice Blue NRI Investment Options

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

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Zerodha Vs Alice Blue NRI Customer Service

  Zerodha Alice Blue
Customer Care Number +91 80 4718 1888
Customer Care Email nridesk@zerodha.com
Open Zerodha AccountOpen Alice Blue Account

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Zerodha Vs Alice Blue Order Type Offered for NRI Account

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

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Zerodha Vs Alice Blue - NRI Account Advantages and Disadvantages

  Zerodha Alice Blue
Pros
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
Cons
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
  • Alice Blue does not offer NRI trading and demat account.
Conclusion

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice 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

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

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

Free Equity Delivery Trade + FREE Account Opening

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

Open Zerodha AccountOpen Alice Blue Account

Frequently Asked Questions

  1. 1. Is Alice Blue better than Zerodha?

    Alice Blue is a SEBI Registered discount broker based out of Bangalore, incorporated in 2006. Zerodha is also a SEBI Registered discount broker based out of Bangalore, incorporated in 2010. Zerodha offers only online broking services at a low cost, whereas Alice Blue offers online and offline broking services to its clients.

    Read Alice Blue vs Zerodha for a detailed comparison between Zerodha and Alice Blue.

     


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