Alice Blue is one of the top discount brokers, that offers the lowest brokerage charges in India. Alice Blue offers the Lowest Brokerage of only ₹15 per order on Intraday Trading and FnO Segment. Along with FREE Demat Account and ZERO Brokerage Equity Investment.
Being Indians, we love to get a good bargain, so it is pretty logical to find the best services at the lowest brokerage charges in India.
And so, in this article, we are going to check out the lowest brokerage charges for Demat accounts, intraday, and options trading. Let’s get started!
- Lowest Brokerage Charges
- Lowest Brokerage Charges Demat Account In India
- Lowest Brokerage Charges for Intraday Trading in India
- Lowest Brokerage Charges in Options Trading in India
Lowest Brokerage Charges
Alice Blue is a discount broker that offers the lowest brokerage charges in India, and not only that, Alice Blue offers tons of other benefits as well:
- Lowest brokerage charge of ₹15 per order on Intraday and F&O Trades.
- ZERO Brokerage on Equity Investments & Mutual Funds
- Buy & Sell signals and Advisory
- Predefined Technical and Fundamental Analysis Strategies
- Up to 5 times margin on Equity Intraday (You can buy ₹50,000 worth of stocks only at ₹10,000)
- Free API
- Educational Platform for Stock Market such as Trade School and ANT IQ
If you are wondering why we are referring Alice Blue as a discount broker, then let us walk you through different types of stockbrokers.
So, there are Two Types of Stockbrokers:
- Full-Service Broker:
A full-service broker, also known as a traditional broker, provides value-added services along with the Trading & Demat account.
Some of the extra benefits include:
- Investment tips
- Research reports
- Helps manage portfolios
- Guide with retirement planning
- Overall wealth management
To simplify further, a full-service broker will provide you personalized services and guide you to make the right investment decisions throughout your investment journey.
- Discount Broker:
As the name goes, a discount broker provides limited services at a discounted or fixed rate. Ex: ₹15 per order.
Discount brokers provide only a platform using which you can buy and sell financial instruments. They do not offer any personalized services or investment tips etc.
As you can see clearly, a full-service broker provides a wide range of services compared to a discount broker. Well, all this comes at an extra cost.
Full-service Brokers in India charge between 0.3 to 0.5% on turnover; on the other hand, Discount Brokers charge a fixed brokerage fee of ₹15 per order.
Let’s compare how much brokerage would be charged when you buy Shares worth ₹1 lakh with a full-service broker and a discount broker.
|Full-service broker||Discount broker|
|Brokerage charges||0.5% on turnover||₹15 per order|
|Total brokerage on ₹1 lakh worth shares||₹500 (100000 x 0.5%)||₹15|
Shocked to see a massive difference in the charges?
Well, if you are a newbie who doesn’t know where to invest, a Full-service broker will be an ideal choice for you. Although the charges are high, they add substantial fair value by helping you make the right investment choices.
But if you are an investor or trader who has adequate knowledge about stock markets, you can choose a discount broker and save some extra bucks.
How amazing would it be if a broker provided the benefits of a Full-service Broker at the price of a Discount Broker?
Super impressive, right?
Well, that’s what we do at Alice Blue!
Lowest Brokerage Charges Demat Account in India
Coming to the lowest brokerage charges on Demat accounts; most stock brokers charge an account opening fee. Luckily with Alice Blue, you get to Open a Demat Account absolutely FREE, and surprisingly, the complete procedure can be completed in just a few minutes.
We hope, as of now, most people know what a Demat account is, but for those who are still dusty on the definition, the full form of Demat is Dematerialized Account.
A Demat account allows you to store financial products like Shares, Debentures, Bonds, and ETFs bought in the stock market electronically. Simply put, a Demat Account acts like a Bank Locker that stores your shares safely. We have a complete article dedicated to what is Demat account; click here to learn more.
Lowest Brokerage Charges for Intraday Trading in India
With Alice Blue, you only pay ₹15/order which is the lowest brokerage charge for intraday trading in India and also 25% less than the major discount stockbrokers in India.
Trading is for the short term, and intraday trading, to be precise, is a single-day transaction where you buy a stock and sell it before the market closes. Here you can make money on a daily basis. To know more about intraday trading, click here.
Intraday Trading attracts brokerage fees, normally per order, and to walk out with profits at the market closure; a trader has to perform multiple transactions in a day. So it is quite logical to look for the lowest brokerage charges for intraday trading in India.
To give you a clear picture on what are the exact brokerage charges at Alice Blue, please refer to the table we have curated below.
Freedom 15 Plan: Offers Decent Margins with Lowest Brokerage in the Industry of ₹15 per Order
|EQ Intraday(NSE, BSE)||₹15 per order or 0.05%, whichever is lower|
|EQ Delivery(NSE, BSE)||0|
|FUT(NSE, BSE)||₹15 per order or 0.05%, whichever is lower|
|OPTION(NSE, BSE)||₹15 per Order|
|FUT(MCX)||₹15 per order or 0.05%, whichever is lower|
|OPTION(MCX)||₹15 per Order|
|CURRENCY FUT(NSE, BSE)||₹15 per order or 0.05%, whichever is lower|
|CURRENCY OPT(NSE, BSE)||₹15 per order|
|NOTE*:Bracket Order charges are applicable at Rs. 4+GST on every executed order|
|NSE CASH NIFTY 50 STOCKS||MAX 5X /(APPLICABLE+VAR+ELM)||MAX 5X /(APPLICABLE+VAR+ELM)||NA||MAX 5X /(APPLICABLE+VAR+ELM)|
|NSE/BSE CASH A GROUP STOCKS||MAX 5X /(APPLICABLE+VAR+ELM)||MAX 5X /(APPLICABLE+VAR+ELM)||NA||MAX 5X /(APPLICABLE+VAR+ELM)|
|NSE/BSE CASH OTHER GROUP||1X TIMES||NA||NA||NA|
|NSE FUT NIFTY-50 STOCKS||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN|
|NSE FUT OTHER STOCKS||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN|
|NSE INDEX OPTIONS BUY||AS PER PREMIUM||AS PER PREMIUM||NA||NA|
|NSE INDEX OPTIONS SELL||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||NA||NA|
|MCX||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN|
|CURRENCY||AS PER SPAN+EXPOSURE MARGIN||AS PER SPAN+EXPOSURE MARGIN||NA||NA|
Here’s how margins work:
Let’s say you have ₹10,000 in your trading account, if you are trading intraday using Bracket Order you can buy stocks worth ₹50,000.
Calculation: ₹10,000 x 5 times = ₹50,000
Check out this page for daily margin insights.
Lowest Brokerage Charges in Options Trading in India
Alice Blue is one of the most prominent discount brokerage firms, offering a first-rate option trading facility and the lowest brokerage charge in options trading in India.
Regardless of the number of lots traded, options trading at Alice Blue only cost ₹15 per order. Basically, many discount brokers charge per lot for options trading, but Alice Blue charges only ₹15 whether a trader trades 1 lot or 100 lots in a single order.
Options Trading is the most talked about trading segment in the financial market these days, but only a few know everything about options trading.
An option is a type of contract or agreement between two parties, out of which one is a seller and the other is a buyer. The agreement is valid for a certain period of time in which we have an underlying asset that holds the agreement together.
The underlying asset can be stocks, real estate, precious metals, or anything that can be considered an investment and has the ability to multiply your invested money.
I hope you are clear about the lowest brokerage charges in India and have made up your mind on which stockbroker to go with.
To make things easier for you, why don’t you Open a FREE Demat Account with Alice Blue and give it a chance?