Broker comparison
Alice Blue vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Alice Blue and IIFL Securities from published official pricing and features — no affiliation with either broker.
- 3 – 0Cheaper on example trades (Alice Blue – IIFL Securities)
- 5 – 5Published features (of 9)
| Metric | Alice Blue | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower) | 0.25% per order (Investor Plan - Online Plus, per official rate card) |
| Intraday brokerage | ₹20 or 0.05% per order (whichever is lower) | 0.025% per order (Investor Plan - Online Plus) |
| F&O brokerage | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) | Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus) |
| AMC | ₹0 (zero AMC) | Free first year, then ₹250 + GST per year |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | ANT API — Free (per official page) | IIFL Securities API |
| Reported execution speed | Not Disclosed | ≈ 95 ms (median) |
| Algo support | Yes - free ANT API; partnerships with algo platforms | Yes - via IIFL trading API |
| Platforms | ANT Mobi, ANT Web | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Price-sensitive algo traders exploring beyond the biggest names. | Investors who want a full-service broker with in-house research and wide product coverage. |
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 | Alice Blue | IIFL Securities | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹95.06 | Alice Blue (saves ₹12.09) |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹441.53 | Alice Blue (saves ₹262.55) |
| Options: premium ₹100 × 75 | ₹66.43 | Not modelled | - |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹2,083.06 | Alice Blue (saves ₹1,015.91) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Alice Blue | IIFL Securities |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | ✓ | – |
| Free API | ✓ | – |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | ✓ |
| Research desk | – | ✓ |
| Published speed | – | ✓ |
What the published data shows
IIFL Securities publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- Alice Blue full profile
- IIFL Securities full profile
- Alice Blue brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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- Groww vs IIFL Securities
Frequently asked questions
Alice Blue vs IIFL Securities: 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 IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Alice Blue or IIFL Securities have a trading API?
Both have documented APIs at review time: Alice Blue (ANT API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Alice Blue or IIFL Securities?
IIFL Securities publishes ≈ 95 ms (median). Alice Blue has no verifiable execution-speed figure we could cite.
Is Alice Blue cheaper than IIFL Securities?
On our four example trades (intraday, delivery, options and futures), Alice Blue is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges