Alice Blue Trading
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To start trading with Alice Blue, the very first step is to open a demat account with the stockbroker. After that, you might be looking for the information over Alice Blue Trading. Isn’t it? If yes, then it is the right time to dive in more to gain some additional information.
Why wait for more, let’s delve inside.
Alice Blue Trading Account
As said earlier, it is important to open a demat account before directly installing the app or start trading with it.
Likewise, the broker, i.e. Alice Blue opens the 2-in-1 account to the applicant including both trading and demat accounts.
It is true that the broker does not charge a penny for opening a demat account but what about a trading account? To know the Alice Blue trading account charges, let’s dive into the following segment.
Alice Blue Trading Account Opening
Alice Blue allows the applicants to open the trading account with the demat account. The interesting fact is that the applicant can easily open a trading account online just by applying on the website of the stockbroker.
For opening a demat account, the applicant is required to submit the documents like proof of address, proof of identity, income proof (for activating the derivatives segments), and photographs.
By providing these documents, the trading account will be opened as a 2-in-1 account.
Alice Blue Trading Charges
Now, it is time to check the Alice Blue trading charges. But before that, it is important to note that under the charges segment, the brokerage and account charges will be placed to understand the type of fees in a more precise way.
Therefore, to understand charges, let’s dive in further to gather the information on Alice Blue trading account opening charges.
Alice Blue Trading Account Opening Charges
The broker does not charge any fee for opening the demat account and the same in the case of a trading account. In short, the broker opens the trading and demat account free of cost.
If taken the AMC into consideration, that it is important to mention that the broker charges AMC of ₹400 for the demat account whereas for maintaining the trading account the broker does not charge a penny again.
To summarize the changes, in short, let’s check the following table:
Alice Blue Trading Account Opening Charges | |
Trading Account Opening | NIL |
Trading Account AMC | NIL |
Alice Blue Trading Brokerage
After the account opening and AMC, it is time to check the brokerage of Alice Blue under various segments like equity, commodity, currency, and derivatives.
The broker charges the flat ₹15 or 0.001% on every segment excluding delivery. For delivery trading, the broker does not charge any brokerage.
To know more about the Alice Blue trading brokerage, let’s check the following individual segments on the same.
Alice Blue Intraday Charges
Starting with intraday trading. For trading intraday, the broker charges ₹15 flat or 0.001% of the total turnover. With Alice Blue, a trader can gain profits by either paying lesser brokerage.
To check the charges, consider the following table for brief.
Alice Blue Intraday Charges | |
Equity Intraday | ₹15/order or 0.01%, whichever is lower |
Likewise, an investor can hold the securities under CDSL as the broker is a depository participant of the same.
Alice Blue Delivery Charges
Moreover, if you are looking for a long-term investment, in that scenario, the broker does not charge any brokerage fee under the specific segment.
Alice Blue Delivery Charges | |
Equity Delivery | Nil |
Alice Blue Futures Charges
Another segment that comes to the forefront is the derivative including futures and options. Let’s start with the futures trading and it is the time to shed some light on the brokerage charges of the same in the following table.
Alice Blue Future Trading Charges | |
Equity Futures | 0.01% of trade or ₹15/order (whichever is lower) |
Commodity Futures | |
Currency Futures |
Alice Blue Option Charges
After futures, it is the right time to discuss another type of trading involved in the derivatives that is option trading. The broker allows the trade to trade in option contracts too and likewise charges the brokerage fees accordingly.
So, to understand the Alice Ble option trading charges, refer to the following table.
Alice Blue Option Trading Charges | |
Equity Options | ₹15 per trade |
Commodity Options | |
Currency Options |
Alice Blue Commodity Brokerage
A trader can too trade in the commodity segment with Alice Blue. again in the particular segment, the trader is required to pay the brokerage of ₹15 or 0.001%.
To understand the commodity charges of Alice Blue, let’s dive into the following segment.
Alice Blue Option Trading Charges | |
Equity Options | ₹15 per trade |
Commodity Options | |
Currency Options |
Alice Blue Currency Brokerage
Moreover, apart from the above-mentioned segments, the best discount broker in India, i.e. Alice Blue allows the traders to trade in currency pairs too.
If you also want to trade in the currency then let’s ignite the information on the currency brokerage in the following table.
Alice Blue Currency Trading Charges | |
Currency Futures | 0.01% per trade or ₹15/trade whichever is lower |
Currency Options | ₹15 per trade |
Alice Blue Trading App
To start trading with Alice Blue a trader always checkout the reliable and fluent trading platform. So after connecting to the stockbroker, it is the time to check with which platform the trader can trade with.
In the case of Alice Blue, a trader can go with three offered platforms as mentioned below:
- ANT Mobi
- ANT Desk
- ANT Web
Now, let’s dive into the following segments to check the platforms in detail.
ANT Mobi
Ant Mobi Review | |
Speed or Performance | |
Ease of Use | |
Analysis Tools | |
Data Accuracy | |
Reliability |
ANT Mobi is a mobile based platform that can offer the services to the traders at their fingertips. The app supports both the OS, be it Android or iOS.
The interesting part is that the trader can use the app in the remort areas too and can trade efficiently.
With the advanced features of modern analytical tools and so on the app automatically devours the lesser data.
ANT Desk
Ant Mobi Review Speed or Performance Ease of Use Analysis Tools Data Accuracy Reliability
The selected trading system can be developed by the trader in the platform, i.e. ANT Desk. along with the ANT Desk, the trader receives an extensive environment towards trading along with various risk management tools, charting packages, a real-time news feed, and market indicators.With the ANT Desk, the trader can easily trade on the wider screen and can easily execute the trades.
Moreover, in ANT Desk, the trader is required to first generate the manual activation request through BOT, and because of which after 24 hours the trader can use the ANT Desk efficiently.
ANT Web
Ant Mobi Review Speed or Performance Ease of Use Analysis Tools Data Accuracy Reliability
The app holds the equilibrium between veracity, straightforwardness, and enlightenment.With the ANT Web, a trader can easily trade online on Windows, Linux, and Mac. The platform offers fluent and easy-to-use tools for making trading efficient for traders.
Alice Blue Online Trading Login
To start Alice Blue trading with any of the preferred trading platforms, it is required for the trader to use the credentials offered to them after opening an account.
After completing the first step, the broker will share the user details like Client Id and Password on the email.
Use the offered credentials and start trading with the stockbroker.
Note: For using the ANT WEB and ANT Mobi, there is no need for manual activation. Whereas, for using the ANT Desk, the trader is required to generate the manual activation through BOT. once the activation is done, the trader can use the ANT Desk after 24 hours.
Alice Blue Algo Trading
In the algorithmic world, how it can be possible that the share market does not evolve with the technology? So yes, in the share market, robo trading or algo trading takes the foot behind to help the traders by signalizing according to the preferences set by the trader manually.
Alice Blue also allows its clients to use the algo trading platform, i.e. Chart Bridge that is free of cost. This means, for using the algo platform, the trader is not required to pay some extra charges to the stockbroker.
But there are some strategies for whom the trader is required to pay the specific amount to activate the same. Those strategies are as follows:
- Money Machine: Free
- Eagle Strategy: ₹1999
- Supertrend: ₹1999
- Intramax: ₹2499
You can connect to Alice Blue and can start algo trading with the broker to get assistance in the heavy daily schedule.
Alice Blue Trading Time
The stockbroker allows the traders to trade within the time frame of 9:15 am to 3:15 pm. The app will automatically square off the open positions by 3:15 and will charge ₹20+GST extra as a penalty.
To understand the situation, let’s make it easier by discussing it with an example.
Mohit is an intraday trader and has an account with Alice Blue. now, the situation that arises here is that Mohit bought 10 shares of Damodar Industries at 10:30 am. By 2:45 he gained the profit of ₹9 on each stock totally the gain of ₹90.
He waited for long and didn’t exit the position by 3:15 pm. At this time, the app automatically squared off the position after which Mohit is charged with the penalty of ₹20+GST. Therefore, after gaining a profit of ₹90, Mohit left with only ₹57.4 after paying the penalty for auto squaring off the position.
Likewise, it is important to exit the position at the specific square-off time as mentioned by the stockbrokers to ignore the penalty.
Final Clinching
By connecting to Alice Blue, a trader can easily execute the order with various Alice Blue app. Furthermore, it is important to pen down the Alice Blue trading time, login, charges, and tools to move efficiently with the stockbroker.
Moreover, the trader can use the app as per the preference and can proceed as per the preferences.
Therefore, yes, it is the time to explore, understand and trade with Alice Blue.
HAPPY TRADING!!
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