Alice Blue(2.6) Open Account
Zerodha(3.8) Open Account
Upstox(3.4) Open Account
|Broker Type||Discount Broker||Discount Broker||Discount Broker|
|Account Opening||₹ 500||₹ 300||Free|
|Account Maintenance||₹ 400||₹ 300||₹ 300|
Margin is also called exposure or leverage is the money that the trader borrows from a broker to execute the trade and varies across different segments like equity, futures & options, etc. Margin in Alice Blue allows its clients to trade even with limited funds. The margin on a particular stock is obtained when the loan amount deducts the total value of the investment held by the trader.
The ‘margin used’ is the amount that a trader has already used for their open position or in case of a pending order, it is the amount with which you may have purchased any equity, commodity, etc.
Sidhavelayutham Mohan is the CEO and Founder of Alice Blue. He leads the business with a focus on Risk management, Operations, and Product Development. Also, he is actively involved in exploring innovative ideas to adopt the latest technology for business enhancement.
When it comes to Alice Blue fund transfer, there are different modes of payment through which the broker allows its client to use, like UPI, ATOM, NEFT/RTGS, Cheque, DD.
Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.
Zerodha provides a range of mobile apps for its customers based on different services. These include:
Zerodha Kite: Online trading platform for stock and commodity trading
Zerodha Coin: For mutual funds investments
Zerodha Varsity: Stock marketing lessons
Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options on the cloud
Pulse by Zerodha: For latest market news and updates.
Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.
Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.
Upstox account is a 2-in-1 account. It is a combination of a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc. And the demat account is used to hold securities like stocks, mutual funds etc.
The upstox account allows investors to trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund investment in a lump sum or SIP way.
You can open the Upstox account in 2 easy ways:
1. Upstox Online Account Opening
Click on to open an account
Enter your Email Address and Mobile Number.
Fill in your personal details and bank details.
Review, confirm and submit the application.
2. Upstox Offline Account Opening
Visit Upstox website, Go to 'Support'
Click 'Download Forms'
Click 'Demat & Trading Account'
Print the form
Fill and sign the form.
Attach all the required documents.
Courier the filled form to Upstox registered office.
Upstox offers brokerage free equity delivery trading. For all other segments, it charges flat Rs. 20 or 0.01% per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc. Click the link to know more about Upstox brokerage charges.