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India Infoline (IIFL) Vs Alice Blue (Compare India Infoline (IIFL) and Alice Blue)

The side-by-side comparison of India Infoline (IIFL) and Alice Blue. Compare India Infoline (IIFL) Vs Alice Blue brokerage, charges, exposure margin, demat account. Read Alice Blue and India Infoline (IIFL) review.

Find out India Infoline (IIFL) Vs Alice Blue which is better and India Infoline (IIFL) Vs Alice Blue which is best.

Our India Infoline Limited comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between India Infoline (IIFL) and Alice Blue.

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India Infoline (IIFL) Vs Alice Blue

  India Infoline Limited Alice Blue Financial Services
 
India Infoline Limited Logo Alice Blue Financial Services Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited Incorporated in 2006, Alice Blue is a Bangalore based financial service provider. AliceBlue is a discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) throu... Know more about Alice Blue Financial Services
Type of Broker Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX BSE, NSE, MCX
Account Type Standard Account F20
Broker Enquiry Open an Online Trading Account with India Infoline (IIFL). Leave your contact info and we will get in touch with you.
Year of Incorporation
Number of Branches
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India Infoline (IIFL) Vs Alice Blue Charges

  India Infoline Limited Alice Blue Financial Services
Trading Account Opening Fees ₹750 Equity ₹310 | Commodity ₹120
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹555 ₹0
Demat Account AMC ₹ 555 (One time) ₹0
Demat Account is Mandatory? No No
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India Infoline (IIFL) Vs Alice Blue Brokerage

Brokerage Plan 1

  India Infoline Limited Alice Blue Financial Services
Account Type Standard Account F20
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage 0.05% ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage Rs 25 per lot ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Rs 0.05 per share ₹0
Other Brokerage Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call ₹20 per executed order
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India Infoline (IIFL) Vs Alice Blue Taxes

  India Infoline Limited Alice Blue Financial Services
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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • 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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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India Infoline (IIFL) Vs Alice Blue Transaction Charges

  India Infoline Limited Alice Blue Financial Services
Equity Delivery 0.00325% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday 0.00325% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures 0.0021% NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options 0.051% on premium NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures 0.0021% NSE ₹135 per crore (0.00135%)
Currency Options 0.051% on premium NSE ₹4400 (on premium) per crore (0.044%)
Commodity 0.0028% Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
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India Infoline (IIFL) Vs Alice Blue Exposure Margin

  India Infoline Limited Alice Blue Financial Services
Equity Delivery Upto 3x with 18% interest per year 3x (A category)
Equity Intraday Upto 20x Up to 20x (based on the stock)
Equity Futures Upto 3x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 3x for shorting Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 2x for shorting Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 3x Intraday - 10%(10x), Carry forward - 100%(1x) of Total span margin
Commodity Options
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India Infoline (IIFL) and Alice Blue Feature Comparison

  India Infoline Limited Alice Blue Financial Services
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TT Exe, TT Web, IIFL Markets Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time Equity: 3:15PM
Other Features Market Mantra, Loyalty Points
Referral Program
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India Infoline (IIFL) Vs Alice Blue Review

  India Infoline Limited Alice Blue Financial Services
  103 Customer Reviews    Rate India Infoline (IIFL) 17 Customer Reviews    Rate Alice Blue
Fees Ratings 2.9 4.8
Trading Brokerage Rating 2.7 4.5
Trading Platform Usability 3.3 4.5
Customer Service Ratings 2.7 4.1
Overall Ratings Rated 2.7 stars Rated 4.5 stars
Broker Rating India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews Alice Blue is Rated 4.5 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

  India Infoline Limited Alice Blue Financial Services
Contact / Request Call Back
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India Infoline (IIFL) Vs Alice Blue Investment Options

  India Infoline Limited Alice Blue Financial Services
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes
Debt Yes Yes
Other Investment Options
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India Infoline (IIFL) Vs Alice Blue Customer Service

  India Infoline Limited Alice Blue Financial Services
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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India Infoline (IIFL) Vs Alice Blue Order Type Offered

  India Infoline Limited Alice Blue Financial Services
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No
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India Infoline (IIFL) Vs Alice Blue Research Report

  India Infoline Limited Alice Blue Financial Services
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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India Infoline (IIFL) Vs Alice Blue Suitable For Investor Type

  India Infoline Limited Alice Blue Financial Services
Casual Investor Yes
Active Investor Yes
Trader Yes
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India Infoline (IIFL) Vs Alice Blue - Advantages and Disadvantages

  India Infoline Limited Alice Blue Financial Services
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

  • Discount stock broker.
  • Most advance trading platform.
  • Free equity delivery trades. No brokerage.
  • 01% or Rs 20 whichever is less brokerage for intraday and F&O.
  • Up to 20x margin in equity intraday.
  • Demat AMC is free for lifetime for all customers.

More Advantages...

Cons
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

  • 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 ₹20 per order.

More Disadvantages...

Reviews
Promo / Offers Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

Free Equity Delivery Trade + Lifetime FREE AMC Demat Account

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition, get Lifetime Zero AMC Demat Account with no additional cost. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you.

Enquire about India Infoline (IIFL)
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