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Alice Blue vs Firstock (Compare Alice Blue and Firstock)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Alice Blue vs Firstock, Below comparison of Alice Blue vs Firstock highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Alice Blue vs Firstock is given below:

Alice Blue

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Firstock

	Alice Blue	Firstock

About The Brokers

Alice Blue :

"Started in 2006, Alice Blue provides Stock & Commodity trading at the lowest brokerage fee and has a network of 17 branches located in major cities along with more th >>> more

Firstock :

Incorporated in 2021, Firstock Broking Pvt. Ltd is a tech-driven discount broking platform offering seamless investing in Stocks, F&O, ETFs, SGBs, G-Secs, and Stock SIPs. Enjoy free deliver >>> more

Find More Information about the Broker :

Alice Blue :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Firstock :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS

Type of Broker

Alice Blue :

Discount Broker

Firstock :

Discount Broker

Promo/offers

Alice Blue :

Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

Firstock :

N/A

Advantage

Alice Blue :

✔ What Alice Blue Does Well

✓	₹0 AMC lifetime (from Sep 12, 2024) — permanently free
✓	₹0 account opening — fully online, paperless
✓	₹0 API access — free for algo and automated trading
✓	1LY Options — dedicated F&O platform with pre-market reports and option chain
✓	Trade Store — 15+ third-party tools (Sensibull, Smallcase etc.) worth ₹3,000 free
✓	17 branches + 1,000+ partner network — strong South India presence
✓	No inactivity charges — account stays active without penalty
✓	Trade School — education platform with webinars and articles
✓	All segments: equity, F&O, currency, commodity, MF, IPO
✓	No minimum balance required in trading account

Firstock :

✔ What Firstock Does Well

✓	₹0 delivery brokerage
✓	₹0 AMC lifetime + ₹0 account opening
✓	₹0 pledge charges — rare benefit for margin traders
✓	₹0 payment gateway — add funds without any charge
✓	₹0 direct MF investment charges
✓	Free API for algo trading
✓	TradingView-integrated charts across web & desktop
✓	GTT orders, basket orders, strategy builder
✓	NRI accounts (NRE + NRO, PIS + non-PIS)
✓	MF, IPO, G-Secs, Sovereign Gold Bonds, ETFs — wide product range
✓	Desktop .exe + web + mobile triple platform

Disadvantage

Alice Blue :

✘ Where Alice Blue Falls Short

✗	₹20 delivery brokerage (changed from free in Aug 2024) — Zerodha, Groww, ProStocks, Shoonya offer ₹0
✗	Call & Trade ₹50+GST per trade — highest among major discount brokers
✗	NRI accounts NOT available
✗	Customer support widely reported as slow and scripted
✗	Mobile app reported slower than the web platform
✗	August 2024 delivery brokerage change still confuses many users and is misreported on third-party sites
✗	No 3-in-1 account (no integrated bank account)
✗	DP charge ₹15 — higher than Shoonya (₹9), Fyers (₹12.50), ProStocks (₹13.50)
✗	POA required if portfolio above ₹1 crore / sell exceeds ₹1 crore/day
✗	No demo trading account

Firstock :

✘ Where Firstock Falls Short

✗	Very new brand (Firstock since June 2025) — limited public track record and review data
✗	Small user base (25,000+ active) — less stress-tested infrastructure vs major brokers
✗	No commodity trading (MCX)
✗	Call & Trade: ₹50+GST per order — high for a smaller broker
✗	Auto square-off: ₹50+GST per order
✗	DDPI charge: ₹100+GST one-time
✗	Login delay issues reported during heavy market sessions
✗	Bangalore-only head office; no physical branch presence
✗	F&O brokerage ₹20 is standard, not a differentiator

Why This

Alice Blue :

Free Delivery Trade, Alice Blue does not charge any brokerage on Delivery trade.
They offer Equity intraday trade at ₹15 or 0.01% (whichever is lower)
Alice Blue provides mutual funds investment at Zero Commission, No transaction charges,
100% paperless online Demat account opening
Advanced Trading Tools- ANT Meta and , ANT Scanner. and other 3rd party tools.
Free trading software's to all its customers.
Trade School an online resource for learning investment concepts and trading skills.
Experience trust of over 20 years as a full-service broker.
Advanced charts and other options like cover order,bracket order and Aftermarket order (AMO) are available
Provides Brokerage & Margin Calculator

Firstock :

They offer a wide range of services, including Equity (Stocks), Futures & Options (F&O), ETFs (Exchange Traded Funds), Sovereign Gold Bonds (SGBs), Government Securities (G-Secs), and Stock SIPs.
You can access trading through their feature-rich mobile app, web platform, and desktop Exe, catering to all types of traders.
You can unlock additional margin instantly using existing holdings, allowing you to maximize your trading capacity without selling assets.
Get instant trade updates, market alerts, and notifications, helping you stay on top of market movements and act swiftly.
Analyze company performance with interactive charts and detailed financial reports, helping you make well-informed, research-backed investment decisions.
The account opening process is easy and paperless, with instant verification via Aadhaar and DigiLocker.
They offer a Discount Plan with brokerage charges as low as Rs 20 per executed order across various segments, including Equity Delivery, Intraday, Futures, Options, Currency, and Commodity.

Open Account

Alice Blue vs Firstock Account Opening & AMC Charges

Alice Blue Trading Account Opening Fee is Rs 150 and Firstock Trading Account Opening Fee is ₹0 . Alice Blue Demat Account AMC is Rs 400 and Firstock Demat Account AMC is ₹0 .

	Alice Blue	Firstock
Trading Account Opening Fee	Trading Account Opening Fee : Rs 150	Trading Account Opening Fee : ₹0
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0	Demat Account Opening Fee : ₹0
Demat Account AMC	Demat Account AMC : Rs 400	Demat Account AMC : ₹0
Trading Account AMC	Trading Account AMC : Rs 0	Trading Account AMC : ₹0

Alice Blue vs Firstock Brokerage Charges

Alice Blue Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 15 per order or 0.05% whichever is lower and Equity Options is Rs 15 per order . Firstock Brokerage Charges

	Alice Blue	Firstock
Plan Name	Plan Name : Freedom Plan (F15)	Plan Name : Standard Plan
Equity Delivery	Equity Delivery : Rs 0 (Free)	Equity Delivery : ₹0
Equity Intraday	Equity Intraday : Rs 15 per order or 0.05% whichever is lower	Equity Intraday : ₹20 per executed order
Equity Future	Equity Future : Rs 15 per order or 0.05% whichever is lower	Equity Future : ₹20 per order, 0.03% or whichever is lower
Equity Options	Equity Options : Rs 15 per order	Equity Options : ₹20 per order, 0.03% or whichever is lower
Currency Futures	Currency Futures : Rs 15 per order or 0.05% whichever is lower	Currency Futures : -
Currency Options	Currency Options : Rs 15 per order	Currency Options : -
Monthly Fee	Monthly Fee : -	Monthly Fee : -
Margin Trading	Margin Trading : -	Margin Trading : -
Commodity Futures	Commodity Futures : Rs 15 per order or 0.05% whichever is lower	Commodity Futures : -
Commodity Options	Commodity Options : Rs 15 per order	Commodity Options : -

Alice Blue vs Firstock Exchange Transaction Charges

Alice Blue Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . Firstock Exchange Transaction Charges Equity Future is ₹20 per order, 0.03% or whichever is lower and Equity Options is ₹20 per order, 0.03% or whichever is lower .

	Alice Blue	Firstock
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : ₹0
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : Rs 20 per executed order
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : ₹20 per order, 0.03% or whichever is lower
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)	Equity Options : ₹20 per order, 0.03% or whichever is lower
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : -
Currency Options	Currency Options : NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)	Currency Options : -
Commodity	Commodity : Non-Agri Rs 360 per Cr (0.0036%) \| Agri Rs 275 per Cr (0.00275%)	Commodity : -

Alice Blue vs Firstock Other Charges

Alice Blue Minimum Brokerage is Rs 0 and Call & Trade is Rs 20 per executed order . Firstock and Call & Trade is ₹50 .

	Alice Blue	Firstock
Minimum Brokerage	Minimum Brokerage : Rs 0	Minimum Brokerage : -
Call & Trade	Call & Trade : Rs 20 per executed order	Call & Trade : ₹50
Stamp Duty *	Stamp Duty : -	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%
DP Charges (on sell side)	DP Charges (on sell side) : ₹15 per transaction	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -

Alice Blue vs Firstock Features

Alice Blue and Firstock both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Alice Blue	Firstock
Trading Platform	Trading Platform : Front End: ANT \| Back End: Omnesys NEST	Trading Platform : Trade & Invest: Mobile App, Desktop Exe, Web
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : Yes
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : 1	Referral Program : Yes
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : No	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : No	Margin Against Shares (Equity F&O) : Yes

Alice Blue vs Firstock Demat Account Charges

A comparative table of various demat account charges between Alice Blue and Firstock is below:

	Alice Blue	Firstock
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL and NSDL
Account Opening Fee	Account Opening Fee : â‚¹0	Account Opening Fee : ₹0
Advance Deposit	Advance Deposit : â‚¹0	Advance Deposit : -
AMC	AMC : â‚¹400 per year	AMC : ₹0
Dematerialisation Charges	Dematerialisation Charges : â‚¹10 per certificate + â‚¹50 per request	Dematerialisation Charges : ₹150 (per certificate)
Rematerialisation Charges	Rematerialisation Charges : â‚¹30 per request + CDSL Fee + â‚¹10 per 100 securities	Rematerialisation Charges : ₹150 (per certificate)
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : 0.04% of the value of the transaction (minimum â‚¹20)	Transaction Charges (debit) : Sell-Rs.8-+ Rs.5.50/- + GST (CDSL Charges)
Pledge Creation Charges	Pledge Creation Charges : 0.04% of the value of the transaction (minimum â‚¹40)	Pledge Creation Charges : -
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : â‚¹0	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : 0.04% of the value of the transaction (minimum â‚¹40)	Pledge Invocation Charges : -
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : -
Other Charges	Other Charges : Power of Attorney (PoA): â‚¹150 Courier Charges: â‚¹100 per request Additional DIS Booklet: â‚¹100 per booklet	Other Charges : -

Alice Blue vs Firstock Basic Details

Alice Blue and Total Number of Clients is 163460 and . Firstock Year of Incorporation is 2021 and and .

	Alice Blue	Firstock
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 2021
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE, BSE
Demat Services	Demat Services : No	Demat Services : CDSL, NSDL
Website	Website : www.aliceblueonline.com	Website : https://www.firstock.in/
Contact Details	Contact Details : 080-61575500\|080-45490850	Contact Details : 080 4670 2050
Total Number of Clients	Total Number of Clients : 163,460	Total Number of Clients : -
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : -
Products *	Products : Mutual Fund, Equity, Currency & Commodity	Products : Equity, F&O, ETFs, SGBs

Alice Blue vs Firstock Orders

Orders

	Alice Blue	Firstock
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : No
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : No

Alice Blue vs Firstock Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Alice Blue	Firstock
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : Yes	Daily Market report : No
ETF research *	ETF research : No	ETF research : Yes
Quarterly Results *	Quarterly Results : No	Quarterly Results : No

Alice Blue vs Firstock Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Alice Blue	Firstock
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : No
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : No

Alice Blue vs Firstock Product & Services

Alice Blue and Firstock both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Alice Blue	Firstock
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : No	Margin Trading : Yes
Call N Trade *	Call N Trade : Yes	Call N Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : -	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : No	NRI Services : Yes
SMS Alerts *	SMS Alerts : No	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : No	IPO Investment : Yes
Portfolio Analysis *	Portfolio Analysis : No	Portfolio Analysis : No
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : -
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : No
Market Trading *	Market Trading : Yes	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : Yes	Aumtomated Trading : Yes

Alice Blue vs Firstock Customer Services

Alice Blue and Firstock both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Alice Blue	Firstock
Toll Free Number *	Toll Free Number : No	Toll Free Number : Yes
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : No
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : Yes	Branch Offices : No
Customer Care *	Customer Care : No	Customer Care : Yes
Community Service *	Community Service : No	Community Service : No
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : No

Alice Blue vs Firstock Other Investement

Alice Blue and Firstock both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Alice Blue	Firstock
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : No
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No

Alice Blue vs Firstock Trading Platform

Alice Blue and Firstock both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Alice Blue	Firstock
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : Yes
Desktop Mac *	Desktop Mac : No	Desktop Mac : No
I-Pad App *	I-Pad App : Yes	I-Pad App : No
Virtual Trading *	Virtual Trading : No	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes
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