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
TradejiniSEBI INZ000160938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Alice Blue and Tradejini differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Tradejini |
|---|---|---|
| One mainboard lot, ₹15,000Same brokerage at both; a DP charge is not published | ₹41.30 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹41.30 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldSame brokerage at both; a DP charge is not published | ₹495.60 | ₹283.20 brokerage; DP charge not published |
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.
- Demat maintenance (AMC): ₹0 for life on the current plan at Alice Blue, not stated at Tradejini.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, not stated at Tradejini.
The same at both: account opening, Equity delivery brokerage, Mainboard IPOs and SME IPOs.
Alice Blue vs Tradejini: charges side by side
Differs 3 of 7 charges differ between Alice Blue and Tradejini. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Tradejini |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free online |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes, ₹0 commission |
| 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 | ₹20 per order |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000160938 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and Tradejini pages.
Alice Blue and Tradejini 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.
Tradejini
Strengths
- Flat ₹20
- IPOs free
Worth checking
- AMC and DP charge not on the list of charges
Check them before you open an account.
Brokerage calculator: Alice Blue vs Tradejini
| Charge | Alice Blue | Tradejini |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Tradejini would each charge.
Other comparisons
Every comparison with Alice Blue or Tradejini, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Tradejini?
Tradejini does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Tradejini ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Tradejini be over a year?
Not in full, because Tradejini does not publish its DP charge.
Can I apply for SME IPOs on Alice Blue and Tradejini?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and Tradejini?
Alice Blue: ₹0 for life on the current plan. Tradejini: not stated.
What DP charge do Alice Blue and Tradejini take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹17.70 at Alice Blue; Tradejini does not publish it (our calculation). It is charged on each sale from your demat account.