Broker comparison
Alice Blue vs Paytm Money (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Alice Blue and Paytm Money from published official pricing and features — no affiliation with either broker.
- 0 – 0Cheaper on example trades (Alice Blue – Paytm Money)
- 5 – 3Published features (of 9)
| Metric | Alice Blue | Paytm Money |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower) | ₹20 per order (accounts opened on or after 25 Aug 2023) |
| Intraday brokerage | ₹20 or 0.05% per order (whichever is lower) | ₹20 per order (flat) |
| F&O brokerage | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) | ₹20 per order (flat) |
| AMC | ₹0 (zero AMC) | ₹0 demat AMC (per official site) |
| Account opening | Free (online) | See official pricing page |
| Trading API | ANT API — Free (per official page) | Paytm Money API |
| Reported execution speed | Not Disclosed | Not Disclosed |
| Algo support | Yes - free ANT API; partnerships with algo platforms | Yes - via trading API |
| Platforms | ANT Mobi, ANT Web | Paytm Money app, Paytm Money web |
| Best for (published) | Price-sensitive algo traders exploring beyond the biggest names. | Paytm users who want investing and broking inside one ecosystem. |
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 | Paytm Money | 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 | Alice Blue | Paytm Money |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | ✓ | ✓ |
| Free API | ✓ | – |
| TradingView | – | – |
| MCX commodity | ✓ | – |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | ✓ |
| Research desk | – | – |
| Published speed | – | – |
What the published data shows
Both brokers publish comparable headline pricing fields at our last review. Use the table below and each broker's official pricing page — we do not pick a single "winner" from published data alone.
Tools & profiles
- Alice Blue full profile
- Paytm Money full profile
- Alice Blue brokerage calculator
- Paytm Money brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Alice Blue vs Paytm Money: 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 Paytm Money as "₹20 per order (accounts opened on or after 25 Aug 2023)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Alice Blue or Paytm Money have a trading API?
Both have documented APIs at review time: Alice Blue (ANT API), Paytm Money (Paytm Money API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Alice Blue or Paytm Money?
Neither broker publishes a verifiable execution-speed figure we could cite at review time.
Is Alice Blue cheaper than Paytm Money?
On our four example trades (intraday, delivery, options and futures), Alice Blue is cheaper on 0, Paytm Money 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
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/
- Paytm Money - official website - https://www.paytmmoney.com
- Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing