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Alice Blue Vs Groww (Compare Alice Blue and 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 one simple brokerage plans, Freedom 15 (F15) to its customers. The flat fee brokerage plan F15 minimizes the brokerage fee so that customers incur the lowest cost while trading. It is a discount brokerage plan which offers brokerages free equi...

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...

Alice Blue Vs Groww

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	Groww
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	NSE and BSE
Year of Incorporation		2016
Number of Branches		0

Alice Blue Vs Groww Charges & AMC

Alice Blue trading account opening charges is Rs 0 (Free) 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
Trading Account Opening Charges	Rs 0 (Free)	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 Vs Groww Brokerage Charges & Plans

Alice Blue Vs Groww Brokerage

Alice Blue brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 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
Account Type	Freedom 15	Standard Plan
Fixed Charges		NA
Equity Delivery	Rs 0 (Free)	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	Rs 15 per order or 0.01% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 15 per order or 0.01% whichever is lower	NA
Equity Options	Rs 15 per order	NA
Currency Futures	Rs 15 per order or 0.01% whichever is lower	NA
Currency Options	Rs 15 per order	NA
Commodity Futures	Rs 15 per order or 0.01% whichever is lower	NA
Commodity Options	Rs 15 per order	NA
Special Offer	Special Offer: 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.

Alice Blue Charges Vs Groww

Minimum Brokerage	Rs 0	Rs 20 or 0.05% per executed order
Other 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 Vs Groww Transaction Charges

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
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 Vs Groww Leverage (Margin)

Alice Blue margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Alice Blue	Groww
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Compare Alice Blue and Groww Features

The trading platforms offered Alice Blue include Front End: ANT | Back End: Omnesys NEST. Groww offers Groww trading software.

	Alice Blue	Groww
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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 Vs Groww Review

Alice Blue is rated 3.4 of 5 based on 32 customer reviews whereas Groww is rated 3.7 of 5 based on 31 customer reviews.

	Alice Blue	Groww
	32 Customer Reviews	31 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Alice Blue is rated 3.4 of 5 based on 32 customer reviews	Groww is rated 3.7 of 5 based on 31 customer reviews

Contact Broker / Request A Call Back

	Alice Blue Enquire	Groww Enquire
Contact Broker	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.	Leave your contact information and we will get in touch with you....

Alice Blue Vs Groww Investment Options

	Alice Blue	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Digital Gold, US Stocks, Fixed Deposits

Alice Blue Vs Groww Order Type Offered

	Alice Blue	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Alice Blue Vs Groww Research Report

	Alice Blue	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Alice Blue Vs Groww Suitable For Investor Type

	Alice Blue	Groww
Casual Investor
Active Investor
Trader

Alice Blue Vs Groww - Pros and Cons

	Alice Blue	Groww
Pros	Discount stock broker. Most advance trading platform. Free equity delivery trades. No brokerage. Flat Rs 15 brokerage for intraday and F&O.	Simple pricing model with low-cost trading charges. Free Mutual Fund investments with no hidden charges. Zero Account opening fee. Zero Maintenance Charges. Direct MF platform that helps you earn an extra 1.5% returns. E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision. Instant paperless account opening. Online IPO application. Inhouse Brokerage Calculator Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline.
Cons	Online Mutual Fund investment is not available. Margin funding is not available. Good Till Cancelled (GTC) orders not available. Call & Trade is available with additional cost of Rs 20 per order.	Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment. No Call and Trade services. Branch support not available. Do not provide stock tips, research reports, or recommendations. No Margin trading facility. No Margin against shares. Advanced order types like BO, CO, AMO, and GTT not available. Trailling stop loss orders are not available in Groww app. Do not offer NRI Trading.
Reviews		Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.
Promo / Offers	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.

Compare More Brokers...

Alice Blue	Groww
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