In this Article, we will discuss in detail about Alice Blue Online Charges. Alice Blue Online is one of the fastest growing discount broker who provides all of their services Online.
Lets have a detailed review of Alice Blue Online Brokerage Charges, their Account Opening Charges, Transaction Charges & any other charges levied by Alice Blue Online.
Alice Blue Online Brokerage Charges
Find below the detailed table of Alice Blue Online Brokerage Charges:
|Brokerage Charges of 2019|
|Intraday||Rs.20 per executed order or 0.01% whichever lower|
|Equity Futures||Rs.20 per executed order or 0.01% whichever lower|
|Equity Options||Rs.20 per executed order or 0.01% whichever lower|
|Currency Futures||Rs.20 per executed order or 0.01% whichever lower|
|Currency Options||Rs.20 per executed order or 0.01% whichever lower|
|Flat Monthly Fees, if any||NA|
According to this detailed table, we could clearly see that alice blue online provides Flat Brokerage of Rs.20 per executed order or 0.01% of total transaction whichever is lower amount. This kind of brokerage charges are generally provided by discount brokers which is same for all asset classes.
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Alice Blue Online Account Opening Charges
Find below the Demat & Trading Account Opening Charges of Alice Blue Online:
|Account Opening Charges of 2019|
|Trading Account Opening Charges [One Time]||Equity Rs. 310 and for Commodity Rs. 120|
|Trading AMC [Yearly]||Rs.0|
|Demat Account Opening Charges [One Time]||Rs.0|
|Demat AMC [Yearly]||Rs.0|
Alice blue online only charges One Time Trading Account Opening Charges. This charge is Rs.310 for Equity & Rs.120 for Commodity. The Client doesn’t require to pay any Trading or Demat AMC neither he/she has to pay any Demat Opening Charges.
The Client can start with Zero Margin during account opening process.
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Alice Blue Online Transaction Charges
Get detailed table of Alice Blue Online Transaction Charges below:
|Transaction Charges 2019|
|Delivery||NSE: 0.00325% and for BSE Rs.1 per trade (each side)|
|Intraday||NSE: 0.00325% and for BSE Rs.1 per trade (each side)|
|Equity Futures||NSE: 0.00210% and for BSE Rs.1 per trade (each side)|
|Equity Options||NSE: 0.053% and for BSE Rs.1 per trade (each side)|
|Currency Futures||NSE: 0.00135%|
|Currency Options||NSE: 0.044%|
|Commodity||Non-Agri: 0.0036% and for Agri: 0.00275%|
The Transaction charges are levied on each Transaction done by the client. NSE & BSE charges different Transaction charges for different asset classes.
For Intraday & Delivery NSE Charges 0.00325% & BSE Charges Rs.1 per Trade on each side. For Equity Futures & Options NSE Charges 0.00210% & 0.053% respectively while BSE charges flat Rs.1 per Trade (each side).
For Currency Futures & Options NSE Charges 0.00135% & 0.044% respectively. For Commodity NSE charges 0.0036% for Non-Agri Products & 0.00275% for Agri Products.
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Alice Blue Online Other Charges
Below is the list of various other charges levied by Alice Blue Online:
|Other Charges 2019|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.004% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
|Account Closure Charges||Rs.50 per Segment|
Other than Brokerage, Account Opening & Transaction Charges there are various other charges levied by Alice Blue online based on the services they offer.
Alice Blue Online Charges 0.0002% of Total Turnover as SEBI Turnover Charges, STT is 0.0126% of Total Turnover, Stamp Duty varies from state to state between 0.002% – 0.004% & GST is 18% of Brokerage + Transaction Charges.
The Broking House charges 18% + GST for Margin Funding & Rs. 50 per segment as Account Re-Activation Charges. The Account closure charges is Rs.50 per segment & Dematerialisation Charges are Rs.22 only.
Alice Blue Brokerage Charges FAQs
Ques – Does Alice Blue Charge Brokerage?
Answer – Yes, there is a charge designated by this stock broking house to all the segments of investment it provides. The commodity trading is however not included in the list of products and services this stock broker provides and hence, you will not be able to find the related charges.
Ques – What is Alice Blue Brokerage Charges?
Answer – There are charges related to all the segments except for one segment. Brokerage for the delivery segment is nil, however for the other the broker charges are flat rate of Rs.20 per executed order or 0.01% whichever lower. Commodity trading is Not available.
Ques – What is Intraday Brokerage of Alice Blue?
Answer – Intraday is opted by a lot of active trading to earn profits on a daily basis. According to the same, the traders have to pay the brokerage charge on every trade order that they place. As per the flat charge structure levied brokerage for intraday is Rs.20 per executed order or 0.01% whichever lower.
Ques – What other Charges levied by Alice Blue?
Answer – As you know, brokerage is the first charge you must pay. This is followed by payment of transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, account related charges and other petty charges. Examples of petty charges are dematerialization, reactivation, closure etc.
Ques – Is Alice Blue a discount broker?
Answer – Yes, Alice Blue belongs to the class of the newly emerged broker, i.e. the discount brokers. They are formed with the intention of providing affordable trading service, similar to that of the full service brokers. They try to eliminate high charges levied per trade.
Ques – Does Alice Blue have Free Delivery?
Answer – Yes, this is one of the many advantages you will enjoy if you choose Alice Blue as your stock broker. They have waived off the brokerage charges for the equity delivery segment, and it is a huge perk to enjoy, since it would increase your profit earning capacity a bit.
Ques – How much Alice Blue Charge for Options?
Answer – The stock broker follows the same charge rate for all the segments, as they are a discount broker. So, as per the structure, even if you invest in options or in Currency options on the other end, you are deemed to pay a charge of Rs.20 per executed order or 0.01% whichever lower.
Ques – What are Alice Blue Transaction Charges?
Answer – Transaction charge or generally levied on every order placed, but they are pretty minute. Charge for delivery and intraday is NSE: 0.00325% and for BSE Rs.1 per trade (each side). Charge for futures is NSE: 0.00210% and for BSE Rs.1 per trade (each side), for options NSE: 0.053% and for BSE Rs.1 per trade (each side), for currency futures – NSE: 0.00135%, currency options – NSE: 0.044% and commodity – Non-Agri: 0.0036% and for Agri: 0.00275%.
Ques – What is the Demat AMC in Alice Blue?
Answer – Demat account generally comprises of account opening charges and an Account Maintenance Charge which is taken once every year. So, according to the statistics, the company has waived off both the charges, so there is no AMC you are obligated to pay.
Ques – Is Alice Blue Brokerage Free?
Answer – No, this stock broker is not actually entirely free if you speak of all the segments. However, the relaxation that this stock broker provides is of waiving off the brokerage for the equity delivery. If you invest in shares and accept delivery, you are not required to pay a brokerage for it.
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