Alice Blue Review 2022

Want to know all about Alice Blue? Then, you have landed on the right article " Alice Blue Review"

Alice Blue, founded in 2006, is a Bangalore-based discounted stockbroker that provides stocks and commodities trading platforms on the BSE, NSE, and MCX. Through its affiliation with CDSL, Alice Blue additionally provides depository service (Demat account).

Customers of Alice Blue can choose from one simple brokerage scheme, Freedom 15 (F15). The fixed fee exchange plan F15 reduces commission fees, allowing consumers to trade at the lowest possible cost.

It is a cheap brokerage strategy that provides complimentary equity delivery transactions to broker-dealers. In this sector, the consumer does not pay any brokerage fees. Alice Blue charges a fixed Rs 15 per executed order or 0.01 per cent, whichever is lesser, for all other segments.

Alice Blue Financial Services has 17 branches in various cities around India. Customers can get specialised broker assistance at these locations. It also has over 1,000 Associates spread across India.

Customers can use Alice Blue's stock trading marketplaces. Alice Blue's marketing system is called ANT (Analyse and Trade). TradeLab created it, while Omnesys NEST serves as the backbone.

There are mobile, desktop, and online versions of the platform. The company's trading software for transaction analysis includes ANT Meta and ANT Scanner.

The aliceblue brokerage account also provides access to specific and third-party electronic trading tools to assist its clients in thoroughly analysing their transactions and making good trading selections.

Alice Blue Trading Tools:

Alice blue financial services USP

Because of its remarkable USP, or unique selling qualities, this brokerage firm is a renowned bargain broker. Here are some of Alice Blue's unique selling points:

• Twenty-two years of faith and expertise.

• Best Brokerage Firm plan F20 is a limited, uncomplicated, flat-fee trading plan for such consumers.

• Brokers for free stock transfer.

• High profitability daily limits of up to 20 times.

• The trading program is given free of cost to all consumers.

• Furthermore, the user incurs no further costs because the AMC Demat is free forever.

Alice Blue Online Services

Alice Blue offers a wide selection of online products and services, as well as some great deals, which are detailed below.

Products available on the internet:

• Buying and selling

• Stock Exchange 

• Trading Platform 

• Currency Exchange 

• Alternatives

• Forecasts 

• Mutual funds

Online services include:

As a brokerage account, the firm distinguishes itself by providing all the necessary services: 

• Demat Account

• Trading Account 

• Intraday Account 

• Services for IPOs

• Robo Advisory 

• Exposure to trading

Alice Blue Account type

Alice Blue offers two types of accounts to cater to different customer needs. These accounts are described below, along with their key features.

Alice Blue Exposure or Leverage

It offers a alice blue commodity margin of up to 20% of the trade value (maximum 5x leverage) for intraday trading based on the stock. Alice Blue intraday margin for Alice Blue F&O are 1.3x across Equities, Currencies, and Commodities at BSE, NSE, and MCX.

A carry forward position and an equity delivery do not include additional margin. Clients with Alice Blue exposure can trade several rounds over the amount in their wallets.

The level of Alice Blue's exposure varies depending on the region and business. Alice Blue provides leverage of 8 times the cash in the user's account for trading hours stock trading.

Alice Blue Brokerage Charges

Alice Blue has two brokerage options available: Freedom 20 and Trade Pro. The corporation gives Rs 20 for every transaction or 0.01 per cent on total trade, whichever is smaller, under the freedom 20 scheme.

Trade Pro provides a typical brokerage plan of 0.01 per cent for intraday and futures markets and 0.10 per cent for delivery trading. Alice Blue charges Rs 20 and Rs 10 per lot in equities choices and currency swaps in Trade Pro.

The broker fees for Alice Blue's stock, derivatives, and forex derivative transactions are detailed here.

Freedom 15 plans

Pro brokerage plans

Alice blue Fee Structure Explained 

Online charges:

Account Opening Charges

Trading Charges [One Time]- Rs 0 (Free)

Trading AMC [Yearly]- Rs 0

Demat Charges [One Time]- Rs 0

Demat AMC [Yearly]- Rs 400

Margin Money- Zero

Other Charges:

• SEBI Turnover Charges: 0.00005% (Rs.5/Crore)
  
  
• STT:
  
  
• Equity Delivery: 0.1% on both Buy and Sell
  
  
• Equity Intraday: 0.025% on the Sell Side
  
  
• Equity Futures: 0.01% on Sell Side
  
  
• Equity Options: 0.05% on Sell Side (on Premium)
  
  
• On the sell-side of commodity futures (non-agricultural), 0.01%
  
  
• Options on commodities: 0.05% on the sell-side
  
  
• No STT for the currency F&O
  
  
• On Exercise transaction: 0.125%
  
  
• The sell-side has a right to an entitlement of 0.05%
  
  
• Stamp Duty (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)
  
  
• GST18% on (Brokerage + Transaction Charge + SEBI Fee)
  
  
• Margin Funding Charges: not applicable
  
  
• Reactivation Charges: Rs 25 per instruction
  
  
• Account Closure Charges: Rs 35 per instructionDematerialisation Charges: Rs 10 per certificate + Rs 50 per request
  
  
• Pledge Creation: Rs 20 + Rs 12 per request (CDSL Charges)
  
  
• An Invocation to Pledge: Rs 20
  
  
• Margins pledged, unpledged, and pledge, but not done: Rs 20 + Rs 12 each (CDSL charge)
  
  
• CDSL charges are Rs 12 per request + Rs 20 margin pledge.

Online offers:

Alice Blue Online provides various advantages to its customers. Furthermore, these offerings influence a variety of industries. These aid clients in their financial decisions. These even give them long-term solutions.

In any case, the broker only accepts four of these offers. We're talking about the provision for free Demat and Trading Account Opening. They even provide a rebate on transaction fees. In addition, some recommendation incentives may be available to clients.

Offers include:

• Free Demat A/C offer
• Free Trading A/C offer
• Discount on Brokerage
• Referral offers 

Alice Blue Margins Details

Equity Delivery- 1x (100% of trade value)

Equity Intraday- 5x (Up to 20% of trade value)

Equity Futures and Options- 1x (100% of NRML margin (Span + Exposure)

Currency F&O- 1x (100% of NRML margin (Span + Exposure)

Commodity F&O- 1x (100% of NRML margin (Span + Exposure)

Alice Blue Trading & Demat Related Charges

Charges for Regular Demat Account:

• Charges for opening an account are Rs.150, and benefits include
  
  
• ANT aliceblue Plus FREE
  
  
• Small Case FREE
  
  
• Tickertape FREE
  
  
• Free Investments (MF + IPO)
  
  
• Learning Courses FREE
  
  
• Single Margin Benefits
  
  
• Refer and Earn Benefits
  
  
• An AMC fee of Rs.33.30 + GST per month will be charged (400/- per year).
  
  
• There is a 15 per cent fee plus 18 per cent GST for debit entry.
  
  
• Charges for credit entry: NIL.
  
  
• Re-issuance of Delivery Instruction Booklet: ₹ 100/-.
  
  
• Demat certificate: ₹ 10 per certificate & ₹ 50 per request.

Alice Blue Online Account Opening process

Alice Blue provides a 100 per cent digital internet banking method based on eKYC that lets customers create an account in less than 10 minutes.

How to Create an Alice Blue Account Online

1. Enter your email address and cell phone number to finish the sign-up procedure.

2. Choose the item or your preferred trade segments.

3. Pay the account opening fees.

4. Enter your correspondence address as well as your Aadhaar number.

5. Check the bank's information.

6. Fill up your personal information.

7. Upload papers such as ID evidence, address proof, IPV, etc.

8. To wirelessly sign the form, complete the aadhar-based E-sign process.

Features of Alice Blue Online Trading Platforms 

Alice Blue Mobile App Review

The Alice Blue Mobile Trading App is a cutting-edge phone trading market provided by the firm, generally regarded as one of the leading players in the industry across a wide range of markets.

The business has provided ANT Mobi as the mobile trading platform for many seasons, and clients are pretty pleased with the software. This simple-to-use Alice Blue Mobile App is essential for new generation traders who manage numerous tasks at once.

It charges clients exceptionally reasonably, and its mobile trading desk is free. You will not be charged any further fees for activating the platform.

With the Alice Blue App, you can trade on a smooth and efficient platform using very little data.

Alice Blue Online NEST Review: Alice Blue Trading Terminal

Onesies Technologies invented NEST, a terminal-based trading program. All we have to do is download and install it on a computer or laptop to accomplish your trade.

These are the key characteristics of this trading systems:

• Stock Monitoring is flawless across all trading platforms.

• Automatic and Administration go toe-to-toe.

• Excellent order placing in the marketplace.

• Market dynamics are effective thanks to live monitoring features.

• Alerts & Updates for breaking news.

Alice Blue Online Customer Ratings & Review

We're looking at company ratings based on a variety of criteria.

Research on the Stock Market and Brokerage Consultation - 5.5/10

Consultancy and other charges such as Turnover, Transaction Charges received a rating of 8.5/10

 Product and service types offered by the brand - 5.8/10

 Reliability Mobile App, Trading Station, and Web Trading Software - 5.8/10

for Brokerage Experience Rating - 5.9/10

Brokerage Firm receives a 6.1/ 10 star rating.

How to open a Demat account with Alice Blue Online?

Step-by-Step Instructions for Creating an Alice Blue Demat Account

Step 1: Go to Alice Blue and begin entering the inquiry box on the right side of the screen by clicking on 'Open Your Account.' To proceed, select Submit.

Step 2: Now, review the information that has been entered, and if it is inaccurate, enter the correct information again. To proceed to the next step, click confirm.

Step 3: Now, input your PAN number and date of birth. To proceed, click Validate.

Step 4: Choose the type of stocks you wish to trade and scroll to the bottom for further information.

Step 5: Now, pick the Not OPTED option under the Demat Profile area. Choose "I wish to create a Demat Account" and select Brokerage Plan.

Step 6: If you want to spend less commission, select the F20 plan and click Next to proceed.

Step 7: Pay your account fee with your selected method.

Step 8: Now, provide your Aadhaar data to proceed with your application. Check that the mobile number associated with your Aadhaar card is valid. Enter the OTP obtained to validate the aadhaar information.

Step 9: Now provide information about yourself, such as your residence and name. To proceed, click the next button.

Step 10: Now, input your banking details and click Next to continue.

Step 11: You will be required to submit further information about yourself here. In the Nominee Information area, choose yes if you want to nominate someone else to your Demat account.

Step 12: Submit your captured papers. As ID evidence, use your Aadhaar number.

Step 13: You can execute it manually and automatically for the IPV Procedure. Note down the IPV PIN on a white piece of paper if doing it manually, and hold your cell phone with the obtained password in front of the camera after hitting the Do IPV button if doing it automatically. To end the IPV procedure, click the Finish button.

Step 14: Select your desired e-Sign service to complete the eKYC procedure. After obtaining the OTP, you will be prompted to enter your Aadhaar card and validate it.

Step 15: You must validate your Aadhaar number again to e-Sign in with your depository. Click the Send OTP button.

Customer Support from Alice Blue

If you have any questions or need some guidance, you can contact this inexpensive stock Broker through different modes of communication. Among them are:

• The form on the internet.

• Personally visiting Offline offices in 16 main cities Overcalling over the phone.

• Using emails.

Like a Discount Stockbroker, Alice blue Online maintains a well-balanced onsite customer service team within Tamil Nadu, Kerala, Andhra Pradesh, Telangana and Karnataka, Maharashtra, West Bengal, Odisha, and Bihar.

Alice Blue's customer service phone numbers are available to all customers.

Alice Blue Complaint and feedback

The Alice Blue trading grievances report includes information on the number of problems reported by stock markets from Alice Blue customers. The Alice Blue complaints report will examine the BSE and NSE's Alice Blue online filing data. This report indicates the broker's overall health.

These are major grievances against Alice Blue brokers that the broker or the consumer has not resolved. Following that, the consumer filed legal objections with the stock market.

The Alice Blue complaint number report also includes the number of current customers for Alice Blue. This graph depicts the firm's rise year after year.

Alice blue Fee Structure Explained 

Considering the surge in mobile users, Alice Blue, one of the major discounted stock brokerage businesses, has recently launched more unique characteristics to its app, including a technological upgrade to provide a significantly better client experience.

The firm offers mobile market knowledge and a computer and online surfing experience through ANT Mobi, ANT Desk, and this secure browser experience called ANT Web.

These trading platforms have a simple user interface and offer over five years of historical chart data, 70 technical analyses, several watch lists, and many highly complex tools to help investors make informed decisions.

The New ANT Mobi Share Market App enables shareholders to establish equity/ETF portfolio packages and book trades at their leisure. A trade basket may now be created, and a Systematic Investment Plan (SIP) can be set up regularly, biweekly, or semi-annual.

This function is accessible on all trading platforms, including ANT Mobi, ANT Desk, and ANT Web. Alice Blue allows you to invest in shares for free and purchase and sell equities for as little as Rs. 15 for each order.

In this update, users may additionally monitor their balance API in the withdrawals option, which displays the exact amount for payment after selecting to make the transaction and the balance amount.

Things to Improve

1. Service To customers

Alice Blue has culturally diverse regional assistance and physical interaction in Various locations across India. However, experts have discovered that certain clients are dissatisfied with the standard of service.

Alice Blue needs to enhance its customer care.

2. Portal Concerns

Specialists also discovered trades freezing and interfaces freezing during rush hour traffic periods, with customers grumbling about being unable to leave holdings.

Several customers also have trouble with user account difficulties, delayed chart scrolling, and lack of candlesticks data on a specific commodity. Alice Blue's server technology needs an update.

3. Other Issues

Bonds, NCDs, and corporate bonds are not available for investment.

Pros and cons

Pros:

1. The finest inexpensive dealer in terms of strategy and cost integrity.

2. A leverage ratio or exposures up to 20X is possible in momentary investing.

3. User-friendly investing systems that are simple to learn and provide a pleasant experience.

4. In comparison to other participants, a consistent brokerage rate is advantageous.

5. Increase your income potential by recommending your friends.

Cons:

1. Work is required in internet trading because it is not as evolved as others.

2. Clients' profiles may be in jeopardy if they have not been utilised in the previous six months or more.

3. Because mobile apps are not upgraded regularly, mistakes occur during trading.

Conclusion

Alice Blue provides a straightforward brokerage model, 5x margin, APIs, tools, and a competent exchange market. Their growth and management strategies are extremely well matched.

Over the next several years, the organisation intends to grow its customer base to the greatest extent possible. We must add that doing business with them would be pretty steady and trustworthy. High-value, high-volume traders, on the other hand, can optimise costs and increase expected profit.

Customers' satisfaction is quite high, as seen by this internet trading firm never losing a customer. Furthermore, the advice of professionals and the Alice Blue Marginal Calculator has proven to be the most valuable assets for this brokerage.

I hope you liked our article on Alice Blue Review, if you have any comments or suggestions do share them in the comments below.