The side-by-side comparison of Alice Blue and Groww. Compare Alice Blue Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Alice Blue vs Groww?
Alice Blue
Incorporated in 2006, Alice Blue is a Bangalore based discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) through its membership with CDSL.
AliceBlue offers 2 brokerage plans, 'Trade Pro' and 'Freedom 20' to its customers. In the 'Trade Pro' plan, the company charges percentage-based brokerage. Customers have to pay a fixed percentage of the trading value. For intraday trading, a trader has to pay ...
Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE.
Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe...
Incorporated in , Alice Blue is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.
Alice Blue trading account opening charges is Equity Rs 310 | MCX Rs 200 | Rs 500 All segments while Groww account opening changes is Rs 0. Alice Blue Demat Account AMC Charges is Rs 400 and Groww Demat Account AMC Charges is Rs 0.
Alice Blue | Groww | |
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Trading Account Opening Charges | Equity Rs 310 | MCX Rs 200 | Rs 500 All segments | Rs 0 |
Trading Account AMC Charges | Rs 0 | Rs 0 |
Demat Account Opening Charges | Rs 0 | Rs 0 |
Demat Account AMC Charges | Rs 400 | Rs 0 |
Alice Blue brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order or 0.01% whichever is lower whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.
Alice Blue | Groww | |
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Account Type | Freedom 20 | Standard Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 0 (Free) | Rs 20 per executed order or 0.05% whichever is lower |
Equity Intraday Brokerage | Rs 20 per order or 0.01% whichever is lower | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures Brokerage | Rs 20 per order or 0.01% whichever is lower | NA |
Equity Options Brokerage | Rs 20 per order | NA |
Currency Futures Trading Brokerage | Rs 20 per order or 0.01% whichever is lower | NA |
Currency Options Trading Brokerage | Rs 10 per order | NA |
Commodity Futures Trading Brokerage | Rs 20 per order or 0.01% whichever is lower | NA |
Commodity Options Trading Brokerage | Rs 20 per order | NA |
Special Offer | Special Offer: Alice Blue Free equity delivery trading (truly no brokerage) and Flat Rs 20 intranet and F&O trade brokerage. Get the offer |
Alice Blue | Groww | |
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Account Type | Trade Pro Plan | Standard Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.1% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Intraday Brokerage | 0.01% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures Brokerage | 0.01% | NA |
Equity Options Brokerage | Rs 20 per lot | NA |
Currency Futures Trading Brokerage | Rs 10 per lot | NA |
Currency Options Trading Brokerage | Rs 20 per lot | NA |
Commodity Futures Trading Brokerage | 0.01% | NA |
Commodity Options Trading Brokerage | Rs 20 per lot | NA |
Minimum Brokerage Charges | Rs 0 | Rs 20 or 0.05% per executed order |
Other Brokerage Charges | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 | |
Call & Trade Charges | Rs 20 per executed order | NA |
Alice Blue transaction charges for options is NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side) while Groww exchange transaction charges for options is NA.
Alice Blue | Groww | |
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Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Futures | NSE Rs 210 per Cr (0.0021%) | BSE Rs 1 per trade (each side) | NA |
Equity Options | NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side) | NA |
Currency Futures | NSE Rs 135 per Cr (0.00135%) | NA |
Currency Options | NSE Rs 4400 per Cr (0.044%) (on premium) | NA |
Commodity | Non-Agri Rs 360 per Cr (0.0036%) | Agri Rs 275 per Cr (0.00275%) | NA |
Alice Blue provides the margin of Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).
Alice Blue | Groww | |
---|---|---|
Equity Delivery | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | 1x (no margin) |
Equity Intraday | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | Up to 8x (based on the stock) |
Equity Futures | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | NA |
Equity Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | NA |
Currency Futures | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | NA |
Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | NA |
Commodity Futures | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | NA |
Commodity Options | NA |
The trading platforms offered Alice Blue include Front End: ANT | Back End: Omnesys NEST. Groww offers Groww trading software.
Alice Blue | Groww | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | Front End: ANT | Back End: Omnesys NEST | Groww |
Intraday Square-off Time | Equity: 3:15PM | 3:10 PM |
Other Features | ||
Referral Program |
Alice Blue is rated 3.4 of 5 based on 31 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.
Alice Blue | Groww | |
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Reviews | ||
Promo / Offers | Free Equity Delivery TradeGet free equity delivery trading (truly no brokerage) and pay flat Rs 20 intranet and F&O trade brokerage. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you. |
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