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Alice Blue vs IIFL (Compare Alice Blue and IIFL)

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 IIFL, Below comparison of Alice Blue vs IIFL 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 IIFL is given below:

Alice Blue IIFL
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

IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> more

Find More Information about the Broker :
Alice Blue :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Alice Blue :
 Discount Broker
IIFL :
 Full Service 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.
IIFL :
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
Advantage
Alice Blue :
  •  Free Delivery Trade
  •  Lowest Brokerage charges on Intrady & F&O at Rs 15 Per Trade.
  •  commission Free mutual fund investment
  •  Free Trading & Demate account opening
  •  Instant digital account opening
  •  No minimum brokerage. No minimum commitment. No Prepaid Plans.
  •  ANT Trading Software is available for free to all its customers.
  •  The daily market report is available for free to all customers.
  •  Free API for Algo trading.
  •  Up to 10 times exposure on Equity via Bracket Order..
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
Disadvantage
Alice Blue :
  •  Does not provide a 3in1 account facility.
  •  Does not provide trading options: GTC (Good Till Cancelled) & GTT orders
  •  Do not Offer NRI Trading
  •  3rd party trading tools are not free and charge a subscription fee.
  •  Online IPO, NCD, and Corporate bonds are not available.
  •  Broker-assisted trades (Call & Trade) are available at an extra Rs 20 per executed order.
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
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
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
Open Account Open Account

Alice Blue vs IIFL Account Opening & AMC Charges

Alice Blue Trading Account Opening Fee is Rs 150 and IIFL Trading Account Opening Fee is Rs 0 (Free) . Alice Blue Demat Account AMC is Rs 400 and IIFL Demat Account AMC is Rs 250 (Free for 1st year) .

Alice Blue IIFL
Trading Account Opening Fee Trading Account Opening Fee :

Rs 150

Trading Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee :

Rs 0

Demat Account AMC Demat Account AMC :

Rs 400

Demat Account AMC :

Rs 250 (Free for 1st year)

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Rs 0

Open Account Open Account

Alice Blue vs IIFL Brokerage Charges

Alice Blue Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 15 per order or 0.01% whichever is lower and Equity Options is Rs 15 per order . IIFL Brokerage Charges Equity Delivery is Rs 20 per order and Equity Intraday is Rs 20 per order and Equity Options is Rs 20 per order .

Alice Blue IIFL
Plan Name Plan Name :

Freedom Plan (F15)

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 20 per order

Equity Intraday Equity Intraday :

Rs 15 per order or 0.01% whichever is lower

Equity Intraday :

Rs 20 per order

Equity Future Equity Future :

Rs 15 per order or 0.01% whichever is lower

Equity Future :

Rs 20 per order

Equity Options Equity Options :

Rs 15 per order

Equity Options :

Rs 20 per order

Currency Futures Currency Futures :

Rs 15 per order or 0.01% whichever is lower

Currency Futures :

Rs 20 per order

Currency Options Currency Options :

Rs 15 per order

Currency Options :

Rs 20 per order

Monthly Fee Monthly Fee : - Monthly Fee :

NA

Margin Trading Margin Trading : - Margin Trading : -
Commodity Futures Commodity Futures :

Rs 15 per order or 0.01% whichever is lower

Commodity Futures :

Rs 20 per order

Commodity Options Commodity Options :

Rs 15 per order

Commodity Options :

Rs 20 per order

Open Account Open Account

Alice Blue vs IIFL Exchange Transaction Charges

Alice Blue Exchange Transaction Charges Equity Future is NSE Rs 210 per Cr (0.0021%) | BSE Rs 1 per trade (each side) and Equity Options is NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side) . IIFL Exchange Transaction Charges Equity Future is Rs 210 per Cr (0.0021%) and Equity Options is Rs 5100 per Cr (0.051%) (on premium) .

Alice Blue IIFL
Equity Delivery Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side)

Equity Delivery :

Rs 325 per Cr (0.00325%)

Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side)

Equity Intraday :

Rs 325 per Cr (0.00325%)

Equity Future * Equity Future :

NSE Rs 210 per Cr (0.0021%) | BSE Rs 1 per trade (each side)

Equity Future :

Rs 210 per Cr (0.0021%)

Equity Options * Equity Options :

NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side)

Equity Options :

Rs 5100 per Cr (0.051%) (on premium)

Currency Futures * Currency Futures :

NSE Rs 135 per Cr (0.00135%)

Currency Futures :

Rs 210 per Cr (0.0021%)

Currency Options Currency Options :

NSE Rs 4400 per Cr (0.044%) (on premium)

Currency Options :

Rs 5100 per Cr (0.051%) (on premium)

Commodity Commodity :

Non-Agri Rs 360 per Cr (0.0036%) | Agri Rs 275 per Cr (0.00275%)

Commodity :

Group A - Rs 280 per Cr (0.0028%)

Open Account Open Account

Alice Blue vs IIFL Other Charges

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

Alice Blue IIFL
Minimum Brokerage Minimum Brokerage :

Rs 0

Minimum Brokerage : -
Call & Trade Call & Trade :

Rs 20 per executed order

Call & Trade :

Rs 50 per call

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

₹15 per transaction

DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

Other Miscellaneous Charges Other Miscellaneous Charges : - Other Miscellaneous Charges :

Advisory SMS - Rs 50 per month

Open Account Open Account

Alice Blue vs IIFL Features

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

Alice Blue IIFL
Trading Platform Trading Platform :

Front End: ANT | Back End: Omnesys NEST

Trading Platform :

IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App

Placing orders through charts Placing orders through charts :

Yes

Placing orders through charts :

No

Trading Alerts Trading Alerts :

Yes

Trading Alerts :

No

Research and Advice / Trading Tips Research and Advice / Trading Tips :

No

Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program :

1

Referral Program : -
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) :

No

Open Account Open Account

Alice Blue vs IIFL Demat Account Charges

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

Alice Blue IIFL
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Rs 0

Account Opening Fee :

Rs 0 (free)

Advance Deposit Advance Deposit :

Rs 0

Advance Deposit :

Rs 0

AMC AMC :

Rs 400 per year

AMC :

Rs 250 (free for 1st year)

Dematerialisation Charges Dematerialisation Charges :

Rs 10 per certificate + Rs 50 per request

Dematerialisation Charges :

Rs 15 per certificate

Rematerialisation Charges Rematerialisation Charges :

Rs 30 per request + CDSL Fee + Rs 10 per 100 securities

Rematerialisation Charges :

Rs 15 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 Rs 20)

Transaction Charges (debit) :

Rs 25 per debit transaction

Pledge Creation Charges Pledge Creation Charges :

0.04% of the value of the transaction (minimum Rs 40)

Pledge Creation Charges :

Rs 10

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Rs 0

Pledge Creation Confirmation Charges :

Rs 0

Pledge Invocation Charges Pledge Invocation Charges :

0.04% of the value of the transaction (minimum Rs 40)

Pledge Invocation Charges :

Rs 15

Failed Instruction Charges Failed Instruction Charges : - Failed Instruction Charges : -
Other Charges Other Charges :

  • Power of Attorney (PoA): Rs 150
  • Courier Charges: Rs 100 per request
  • Additional DIS Booklet: Rs 100 per booklet

Other Charges :

Conversion of MF units: Rs 0, Reconversion of MF units: Rs 0, Courier Charges: Rs 100 per request

Open Account Open Account

Alice Blue vs IIFL Basic Details

Alice Blue and Total Number of Clients is 147195 and . IIFL Year of Incorporation is 1996 and Total Number of Clients is 1139902 and Total Number of Branches is 900 .

Alice Blue IIFL
Year of Incorporation Year of Incorporation : - Year of Incorporation :

1996

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX

Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Demat Services Demat Services :

No

Demat Services :

Yes

Website Website : www.aliceblueonline.com Website : https://www.indiainfoline.com
Contact Details Contact Details :

080-61575500|080-45490850

Contact Details :

022-400710000

Total Number of Clients Total Number of Clients :

147,195

Total Number of Clients :

1,139,902

Total Number of Branches Total Number of Branches : - Total Number of Branches :

900

Products * Products :

Mutual Fund, Equity, Currency & Commodity

Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Open Account Open Account

Alice Blue vs IIFL Orders

Orders

Alice Blue IIFL
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

Yes

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) :

Yes

Open Account Open Account

Alice Blue vs IIFL Research and Advice / Trading Tips

Research and Advice / Trading Tips

Alice Blue IIFL
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

Yes

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

Yes

Comparison * Comparison :

No

Comparison :

Yes

Free Tips * Free Tips :

No

Free Tips :

Yes

Daily Market report * Daily Market report :

Yes

Daily Market report :

Yes

ETF research * ETF research :

No

ETF research :

Yes

Quarterly Results * Quarterly Results :

No

Quarterly Results :

Yes

Open Account Open Account

Alice Blue vs IIFL Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Alice Blue IIFL
Availability for franchisee / AP Availability for franchisee / AP : - Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP : - Investment required for Franchisee / AP :

Rs.75,000 to Rs.2,00,000

Open Account Open Account

Alice Blue vs IIFL Product & Services

Alice Blue and IIFL 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 IIFL
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

No

Margin Trading :

Yes

Call in Trade * Call in Trade :

Yes

Call in 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 :

Yes

IPO Investment * IPO Investment :

No

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis :

No

Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator :

No

Margin Calculator * Margin Calculator :

Yes

Margin Calculator :

No

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss :

Yes

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 :

Yes

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 :

No

Open Account Open Account

Alice Blue vs IIFL Customer Services

Alice Blue and IIFL 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 IIFL
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

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 :

Yes

Customer Care * Customer Care :

No

Customer Care :

Yes

Community Service * Community Service :

No

Community Service :

Yes

Relationship Manager * Relationship Manager :

No

Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support :

No

Open Account Open Account

Alice Blue vs IIFL Other Investement

Alice Blue and IIFL 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 IIFL
Commodity Trading * Commodity Trading :

Yes

Commodity Trading :

Yes

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 :

Yes

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

Yes

Investment in Corporate Debt instruments :

Yes

Insurance Services * Insurance Services :

No

Insurance Services :

Yes

Banking Services * Banking Services :

No

Banking Services :

No

Open Account Open Account

Alice Blue vs IIFL Trading Platform

Alice Blue and IIFL 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 IIFL
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 :

Yes

Virtual Trading * Virtual Trading :

No

Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

Yes

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