Independent. No broker pays us, and every number comes from a published source.

Broker comparison

Alice Blue vs Arrow (2026): Brokerage, API, AMC & Execution Compared

Side-by-side comparison of Alice Blue and Arrow from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

  • 0 – 1Cheaper on example trades (Alice Blue – Arrow)
  • 5 – 4Published features (of 9)
Alice Blue vs Arrow — published pricing and features (official sources at last review)
Metric Alice Blue Arrow
Delivery brokerage ₹20 or 2.5% per order (whichever is lower) ₹0 (free)
Intraday brokerage ₹20 or 0.05% per order (whichever is lower) ₹20 or 0.03% per order (whichever is lower)
F&O brokerage ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)
AMC ₹0 (zero AMC) ₹0 (individual accounts; ₹500/year for non-individual accounts)
Account opening Free (online) ₹0 (free)
Trading API ANT API — Free (per official page) Arrow API — See official docs
Reported execution speed Not Disclosed 95% < 2.9 ms · 99% < 4 msself-reported
Algo support Yes - free ANT API; partnerships with algo platforms API with Python & Go clients; in-house algo tools “Coming soon” per official site
Platforms ANT Mobi, ANT Web Arrow mobile app (iOS/Android), Arrow web, Python & Go clients
Best for (published) Price-sensitive algo traders exploring beyond the biggest names. Latency-sensitive and professional traders who prioritise order-execution speed.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

Cost face-off: what real trades cost

Total charges per round trip, brokerage + all statutory charges (NSE)
TradeAlice BlueArrowCheaper
Intraday: ₹1 lakh buy & sell ₹82.97 ₹82.97 Tie
Delivery: ₹50,000 buy & sell ₹178.98 ₹131.78 Arrow (saves ₹47.2)
Options: premium ₹100 × 75 ₹66.43 ₹66.43 Tie
Futures: ₹24,000 × 75 ₹1,067.15 ₹1,067.15 Tie

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

FeatureAlice BlueArrow
Free delivery–✓
Zero AMC✓✓
Free API✓–
TradingView––
MCX commodity✓✓
Mutual funds✓–
IPO✓–
Research desk––
Published speed–✓

What the published data shows

Arrow publishes free equity delivery; Alice Blue does not (per official pricing at review). Arrow publishes an execution-speed figure; Alice Blue does not on verifiable sources.

Tools & profiles

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Frequently asked questions

Alice Blue vs Arrow: which has lower delivery brokerage?

At our last review, Alice Blue published delivery brokerage as "₹20 or 2.5% per order (whichever is lower)" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Alice Blue or Arrow have a trading API?

Both have documented APIs at review time: Alice Blue (ANT API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Alice Blue or Arrow?

Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Alice Blue has no verifiable execution-speed figure we could cite.

Is Alice Blue cheaper than Arrow?

On our four example trades (intraday, delivery, options and futures), Alice Blue is cheaper on 0, Arrow on 1, and 3 are tied. Statutory charges are identical, so any difference comes from brokerage.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

  1. Alice Blue - official website - https://aliceblueonline.com
  2. Alice Blue - official pricing - https://aliceblueonline.com/pricing/
  3. Arrow - official website - https://arrow.trade
  4. Arrow - official pricing - https://arrow.trade/pricing