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 |
| |
|
|
|
 |
 |
| 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 ...  |
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... |
Type of Broker
|
Discount Broker |
Discount Broker |
| Supported Exchnage
|
BSE, NSE, MCX |
BSE, NSE, MCX |
| Account Type
|
Upstox Basic |
F20 |
| Broker Enquiry |
|
|
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 (paid upfront) |
₹0 |
| Demat Account is Mandatory?
|
No |
No |
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 |
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. |
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 |
Exposure
| |
Upstox |
Alice Blue Financial Services |
| Equity Delivery
|
1x |
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 |
Share Broker Features
| |
Upstox |
Alice Blue Financial Services |
| 3 in 1 Account
|
 |
|
| Charting
|
 |
|
| Automated Trading
|
|
|
| SMS Alerts
|
|
|
| Online Demo
|
|
|
| Online Portfolio
|
|
|
| Margin Trading Funding Available
|
|
|
| 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
|
|
|
Broker Ratings (Average User Rating)
| |
Upstox |
Alice Blue Financial Services |
| |
46 Customer Reviews  |
15 Customer Reviews |
| Fees Ratings |
 |
 |
| Trading Brokerage Rating |
 |
 |
| Trading Platform Usability |
 |
|
| Customer Service Ratings |
 |
 |
| Overall Ratings |
 |
|
| Broker Rating |
Upstox is Rated 2.5 / 5 based on 46 customer reviews |
Alice Blue is Rated 4.5 / 5 based on 15 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
| |
Upstox |
Alice Blue Financial Services |
| Stock / Equity
|
|
|
| Commodity
|
|
|
| Currency
|
|
|
| Initial Public Offers (IPO)
|
|
|
| Mutual Funds
|
|
|
| Bond / NCD
|
|
|
| Debt
|
|
|
| Other Investment Options
|
|
|
Customer Service Offered
| |
Upstox |
Alice Blue Financial Services |
| 24/7 Customer Service
|
|
|
| Onine Live Chat
|
|
|
| Through Branches
|
|
|
Order Type
| |
Upstox |
Alice Blue Financial Services |
| Bracket Order
|
|
|
| Cover Order
|
|
|
| Buy Today Sell Tomorrow (BTST)
|
|
|
| Sell Today Buy Tomorrow (STBT)
|
|
|
| After Market Order(AMO)
|
|
|
| Good Till Cancelled (GTC)
|
|
|
Research / Tips / Reports Published
| |
Upstox |
Alice Blue Financial Services |
| Daily Market Report
|
|
|
| Free Tips
|
|
|
| Quarterly Result Analysis
|
|
|
| News Alerts
|
|
|
Suitable for Investor Category
| |
Upstox |
Alice Blue Financial Services |
| Casual Investor
|
|
|
| Active Investor
|
|
|
| Trader
|
|
|
Pros, Cons and Other Review Comments
| |
Upstox |
Alice Blue Financial Services |
| Pros
|
- Upstox basic plan offers brokerage free trading in Equity Delivery segment.
- No brokerage for equity delivery trades.
- Free trading software including mobile and web trading app.
- Advance orders including AMO, CO and BO are available.
- Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
- AmiBroker connector available for Algo Trading.
- Mutual Funds are available for investment.
- 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.
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
|
Get Account Opening Fee Refunded
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback. To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.
|
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
|
|
| Compare More Brokers |
|
|
Zerodha
Zero Account Opening Fee