Broker comparison
Groww vs Alice Blue (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Groww and Alice Blue from published official pricing and features — no affiliation with either broker.
- 0 – 0Cheaper on example trades (Groww – Alice Blue)
- 4 – 5Published features (of 9)
| Metric | Groww | Alice Blue |
|---|---|---|
| Delivery brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹20 or 2.5% per order (whichever is lower) |
| Intraday brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹20 or 0.05% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) |
| AMC | ₹0 | ₹0 (zero AMC) |
| Account opening | Free (online) | Free (online) |
| Trading API | Groww Trade API — ₹499 + taxes per month (per official page) | ANT API — Free (per official page) |
| Reported execution speed | < 50 ms (self-reported)self-reported | Not Disclosed |
| Algo support | Limited - API access is newer than peers | Yes - free ANT API; partnerships with algo platforms |
| Platforms | Groww app, Groww web | ANT Mobi, ANT Web |
| Best for (published) | Beginners and long-term investors who want one simple app for stocks and mutual funds. | Price-sensitive algo traders exploring beyond the biggest names. |
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
| Trade | Groww | Alice Blue | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹82.97 | Tie |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹178.98 | Tie |
| 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
| Feature | Groww | Alice Blue |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | ✓ | ✓ |
| Free API | – | ✓ |
| TradingView | – | – |
| MCX commodity | – | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | ✓ |
| Research desk | – | – |
| Published speed | ✓ | – |
What the published data shows
Groww publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- Groww full profile
- Alice Blue full profile
- Groww brokerage calculator
- Alice Blue brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Groww vs Alice Blue: which has lower delivery brokerage?
At our last review, Groww published delivery brokerage as "₹20 or 0.1% per order (whichever is lower), minimum ₹5" and Alice Blue as "₹20 or 2.5% per order (whichever is lower)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Groww or Alice Blue have a trading API?
Both have documented APIs at review time: Groww (Groww Trade API), Alice Blue (ANT API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Groww or Alice Blue?
Groww publishes < 50 ms (self-reported). Alice Blue has no verifiable execution-speed figure we could cite.
Is Groww cheaper than Alice Blue?
On our four example trades (intraday, delivery, options and futures), Groww is cheaper on 0, Alice Blue on 0, and 4 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
- Groww - official website - https://groww.in
- Groww - official pricing - https://groww.in/pricing
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/