Alice BlueSEBI INZ000156038
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where Alice Blue and ProStocks differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹17.70 less at ProStocks | ₹41.30 | ₹23.60 |
| Two SME lots, ₹2,50,000₹17.70 less at ProStocks | ₹41.30 | ₹23.60 |
| A year: 12 mainboard lots sold₹212.40 less at ProStocks | ₹495.60 | ₹283.20 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Account opening: ₹0 at Alice Blue, No fee listed at ProStocks.
- Demat maintenance (AMC): ₹0 for life on the current plan at Alice Blue, None at ProStocks.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, ₹0 at ProStocks.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes, with ₹0 brokerage at Alice Blue, not stated at ProStocks.
The same at both: sME IPOs.
Alice Blue vs ProStocks: charges side by side
Differs 6 of 7 charges differ between Alice Blue and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | ₹0 for life on the current plan | None; ₹1,000 refundable demat deposit |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Not stated on the pages we checked |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000048660 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and ProStocks pages.
Alice Blue and ProStocks strengths and things worth checking
Alice Blue
Strengths
- ₹0 AMC for life
- IPO applications free
Worth checking
- Brokerage on delivery
Up to ₹20 per order.
- DP charge
₹15 plus GST per sale.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: Alice Blue vs ProStocks
| Charge | Alice Blue | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and ProStocks would each charge.
Other comparisons
Every comparison with Alice Blue or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹41.30 at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹212.40 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; ProStocks: None.
Can I apply for SME IPOs on Alice Blue and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at Alice Blue and ProStocks?
Alice Blue: ₹0. ProStocks: No fee listed.
What is the demat AMC at Alice Blue and ProStocks?
Alice Blue: ₹0 for life on the current plan. ProStocks: None.