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Upstox Vs Alice Blue Share Broker Comparison

The side-by-side comparison of Upstox and Alice Blue Financial Services stock brokers in India. The comparison below highlights the similarities and differences between Upstox and Alice Blue's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Upstox and Alice Blue.

  Upstox Alice Blue Financial Services
 
Upstox Logo Alice Blue Financial Services Logo
About the Broker Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox 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 Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Upstox Basic F20
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Upstox Alice Blue Financial Services
Trading Account Opening Fees ₹150 (Eq and F&O), ₹150 (MCX) Equity ₹310 | Commodity ₹120
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹150 ₹0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Upstox Alice Blue Financial Services
Account Type Upstox Basic F20
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 ₹0 (Free)
Equity Intraday Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage

Brokerage Plan 2

  Upstox Alice Blue Financial Services
Account Type Upstox Priority F20
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 ₹0 (Free)
Equity Intraday Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0 ₹0
Other Brokerage Charges
Call & Trade Charges ₹20 per trade ₹20 per executed order
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Taxes

  Upstox 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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Transaction Charges

  Upstox Alice Blue Financial Services
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures NSE ₹210 NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options NSE ₹5500 NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures ₹150 NSE ₹135 per crore (0.00135%)
Currency Options ₹6000 NSE ₹4400 (on premium) per crore (0.044%)
Commodity MCX ₹260/Cr Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
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Exposure

  Upstox Alice Blue Financial Services
Equity Delivery 2.5x 3x (A category)
Equity Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x Up to 20x (based on the stock)
Equity Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x Intraday - 10%(10x), Carry forward - 100%(1x) of Total span margin
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Share Broker Features

  Upstox Alice Blue Financial Services
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time 3:15 PM Equity: 3:15PM
Other Features Option strategy builder
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Broker Ratings (Average User Rating)

  Upstox Alice Blue Financial Services
  49 Customer Reviews    Rate Upstox 16 Customer Reviews    Rate Alice Blue
Fees Ratings 3.8 4.8
Trading Brokerage Rating 3.6 4.5
Trading Platform Usability 2.9 4.5
Customer Service Ratings 2.5 4.0
Overall Ratings Rated 2.6 stars Rated 4.5 stars
Broker Rating Upstox is Rated 2.6 / 5 based on 49 customer reviews Alice Blue is Rated 4.5 / 5 based on 16 customer reviews
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Contact Broker / Request A Call Back

  Upstox Alice Blue Financial Services
Contact / Request Call Back
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Investment Options Available

  Upstox Alice Blue Financial Services
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Customer Service Offered

  Upstox Alice Blue Financial Services
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No No
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Order Type

  Upstox Alice Blue Financial Services
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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Research / Tips / Reports Published

  Upstox Alice Blue Financial Services
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Suitable for Investor Category

  Upstox Alice Blue Financial Services
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Upstox Alice Blue Financial Services
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

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
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat 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 Useful articles about Upstox:
Promo / Offers

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Request Callback

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 Upstox
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