Alice Blue Online Review, Brokerage Charges, Demat Account, Trading Platforms & more

Alice Blue Online is one of the well-known discount broker based out of Bangalore (earlier Chennai).  Let’s have a detailed Alice Blue Online Review & get good understanding of Alice Blue Brokerage Charges, Alice Blue Demat Account, Alice Blue Online Trading Platforms & other important features.

Alice Blue Online Customer Ratings & Review

About Alice Blue Online

It was established in the year 2006 in Chennai but in the year 2017 the entire office shifted to Bangalore. The broking house allows trading in various financial segments like Equities, Currency, depository services and commodity. Alice Blue has the membership of NSE, BSE, MCX-SX, MCDEX.

Alice Blue has created a good network in India by having around 770 sub-broking branches mainly in South India. The Discount Broker being a discount broker, it provides offline guidance to its clients to answer the various queries. When it comes to choosing such broker, there are already many active traders in the market. Alice blue helps you with advisory services as well.

Open Demat Account with Alice Blue

Alice Blue Brokerage Charges

Alice Blue Online Brokerage Plans

Here is the brokerage plan offered by Alice Blue online.

Alice Blue Online Charges

Other than brokerage charges various other charges are levied to the client but these charges are very small in number & percentage.

Alice Blue Demat Account Opening Fees

The broking house charges a very minimal account opening fee of Rs.118 & Demat AMC of Rs.350 per annum. On the other hand Trading AMC is absolutely free. Another important thing is the alice blue doesn’t ask for any margin money during client on-boarding.

Alice Blue Online Offers

Here is the list of offers rolled out by Alice Blue Online

• No Margin Money Account
• Flat brokerage Charges of Rs.10
• Free Trading Account

How to open Demat account with Alice Blue Online?

• Fill up the Lead Form
• Prospect will receive a call from sales team
• Appointment will be set-up as per prospects availability
• Sales person will visit the prospect
• Prospect will have to provide few information & documents like Aadhaar Details, PAN Details, Account Opening Fees & POA
• Account will be activated within 1 working day

This Entire process takes 1 or 2 days to complete.

Why Open Alice Blue Online Trading account?

• Account Opening process is very smooth
• Very smooth working Trading Platforms
• Good guidance for trade-related issues

Get a Call back from Alice Blue Online

Alice Blue Online Products & Services

Here are the list of Products & Services provided by the broking house

Alice Blue Online Products

List of Products offered are:

• Equity
• Derivatives
• Commodity
• Currency

Alice Blue Online Services

Alice Blue Online Research, Advisory & Stock Tips

Look at this table for all information about their research & recommendations

Alice Blue Exposure or Leverage

The broking company provides upto 20x exposure to their clients. Exposure varies on various parameters

• Clients Holdings (Trader client or high value client gets high exposure)
• Clients History (old client gets high leverage)
• Type of investment (Equity, Derivatives, Currency, Commodity)
• Company Scrip (High networth company has high exposure scrip)

Alice Blue Online Trading Platforms

The Discount broker provides trading platform for all types of devices & browsers. Here are various features these trading platforms provides.

Features of Alice Blue Online Trading Platforms

Alice Blue Online NEST Review: Alice Blue Trading Terminal

This software is available on their website and can be very easily downloaded to desktops and mobiles. Alice Blue NEST is a terminal based software offered by Omnesys Technologies. The software is downloaded locally into the system. The features of NEST are:

• Live monitoring and multiple market watch of stock market
• You can place the orders aftermarket
• Notifications, news, latest updates and other alerts
• Admin & auto square-off
• Advanced computational interface for trading

Alice Blue Mobile App Review

It gives you great information about your previous orders, holdings, account limits, market watch, etc. with easy and quick acces. This app is around 38.1 MB in size and has a variety of features but so many issues have been found during the trading period. If internet speed slow the app may not work or hang. Sometimes it gets closed automatically.

Other Software:

Analyze & Trade – ANT: It give you a window to analyze and trade accordingly. It is available as ANT-meta, ANT-Desk, ANT-mobi and ANT scanner.

Back Office Transformation (BOT): It will help with tracking your everyday transactions.

Alice Blue Online Customer Support

Here is the list of Support they provide to their client

Alice Blue Online Complaints & Feedback

Here are the total number of complaints lodged & resolution status of Alice Blue Online for the current year.

The broking house do get sizable volume of complaints but they resolve them at good speed.

NOTE* – Their TAT for resolving any kind of complaints are 21 days. This is not so bad.

Alice Blue Online Benefits or Advantages

• Transparency with the brokerage plans and pricings
• Leverage or exposure up to 20X in Intraday trading
• User friendly trading platforms
• Has a very competitive brokerage rate
• Refer and earn features

Alice Blue Online Disadvantages

• Online trading is not that advanced like other brokers
• They might close the account if found no activity for the continuous 6 months
• Mobile apps are not frequently upgraded and sometimes cause problem in trading.

Alice Blue Online Conclusion

Alice blue online is presumed to be one of the less known discount broker in the stock broking sector.  They have close to 10k client base & are doing well in their small volume business. Their expansion plan seems to be really good & they are hoping to get high volume client closures over a period of next few years. They are a very good choice but always think that there a many other & better brokers available.

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