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Nirmal Bang Vs Alice Blue (Compare Nirmal Bang and Alice Blue)

The side-by-side comparison of Nirmal Bang and Alice Blue. Compare Nirmal Bang Vs Alice Blue brokerage, charges, exposure margin, demat account. Read Alice Blue and Nirmal Bang review.

Find out Nirmal Bang Vs Alice Blue which is better and Nirmal Bang Vs Alice Blue which is best.

Our Nirmal Bang Securities Pvt Ltd comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between Nirmal Bang and Alice Blue.

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Nirmal Bang Vs Alice Blue

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
 
Nirmal Bang Securities Pvt Ltd Logo Alice Blue Financial Services Logo
About the Broker Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kisho... Know more about Nirmal Bang Securities Pvt Ltd 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 BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX
Account Type Basic Plan F20
Broker Enquiry Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
Year of Incorporation 1986
Number of Branches 2000
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Nirmal Bang Vs Alice Blue Charges

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Trading Account Opening Fees Rs 0 Equity ₹310 | Commodity ₹120
Trading Account AMC Rs 0 ₹0
Demat Account Opening Fees Rs 0 ₹0
Demat Account AMC Rs 200 ₹0
Demat Account is Mandatory? No No
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Nirmal Bang Vs Alice Blue Brokerage

Brokerage Plan 1

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Account Type Basic Plan F20
Fixed Charges NA
Equity Delivery Brokerage 0.2% ₹0 (Free)
Equity Intraday Brokerage 0.02% ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage 0.02% ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage Rs 35 ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage 0.02% ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage Rs 20 ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage 0.01% ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges
Call & Trade Charges ₹20 per executed order
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Nirmal Bang Vs Alice Blue Taxes

  Nirmal Bang Securities Pvt Ltd 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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Nirmal Bang Vs Alice Blue Transaction Charges

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Equity Delivery ₹390 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday ₹390 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures ₹240 NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options ₹5700 NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures ₹240 NSE ₹135 per crore (0.00135%)
Currency Options ₹5700 NSE ₹4400 (on premium) per crore (0.044%)
Commodity ₹250 Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
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Nirmal Bang Vs Alice Blue Exposure Margin

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Equity Delivery upto 10x 3x (A category)
Equity Intraday Upto 4x Up to 20x (based on the stock)
Equity Futures Upto 4x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 2x for shorting Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x for shorting Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Upto 3x 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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Nirmal Bang and Alice Blue Feature Comparison

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time 3:15 Equity: 3:15PM
Other Features
Referral Program
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Nirmal Bang Vs Alice Blue Review

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
  14 Customer Reviews    Rate Nirmal Bang 17 Customer Reviews    Rate Alice Blue
Fees Ratings 3.7 4.8
Trading Brokerage Rating 3.5 4.5
Trading Platform Usability 2.7 4.5
Customer Service Ratings 2.5 4.1
Overall Ratings Rated 2.6 stars Rated 4.5 stars
Broker Rating Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews Alice Blue is Rated 4.5 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Contact / Request Call Back
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Nirmal Bang Vs Alice Blue Investment Options

  Nirmal Bang Securities Pvt Ltd 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 Yes
Debt Yes Yes
Other Investment Options
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Nirmal Bang Vs Alice Blue Customer Service

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Nirmal Bang Vs Alice Blue Order Type Offered

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Nirmal Bang Vs Alice Blue Research Report

  Nirmal Bang Securities Pvt Ltd 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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Nirmal Bang Vs Alice Blue Suitable For Investor Type

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Casual Investor Yes
Active Investor Yes
Trader Yes
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Nirmal Bang Vs Alice Blue - Advantages and Disadvantages

  Nirmal Bang Securities Pvt Ltd Alice Blue Financial Services
Pros
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis

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. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.

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

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.

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