Broker comparison
Zerodha vs Alice Blue (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Zerodha and Alice Blue from published official pricing and features — no affiliation with either broker.
- 1 – 0Cheaper on example trades (Zerodha – Alice Blue)
- 4 – 5Published features (of 9)
| Metric | Zerodha | Alice Blue |
|---|---|---|
| Delivery brokerage | ₹0 (free) | ₹20 or 2.5% per order (whichever is lower) |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | ₹20 or 0.05% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) |
| AMC | Free first year, then ₹300 + 18% GST per year, billed quarterly (non-BSDA; ₹0 for BSDA holdings under ₹4 lakh) | ₹0 (zero AMC) |
| Account opening | Free (resident individuals); ₹500 for NRI | Free (online) |
| Trading API | Kite Connect — Personal API free; Connect (live data + historical) ₹500/month | ANT API — Free (per official page) |
| Reported execution speed | ≈ 80 ms (median) | Not Disclosed |
| Algo support | Yes - via Kite Connect API | Yes - free ANT API; partnerships with algo platforms |
| Platforms | Kite (web), Kite (mobile), Console, Coin | ANT Mobi, ANT Web |
| Best for (published) | Self-directed investors and traders who want low, predictable costs and a stable platform. | 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 | Zerodha | Alice Blue | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹82.97 | Tie |
| Delivery: ₹50,000 buy & sell | ₹131.78 | ₹178.98 | Zerodha (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
| Feature | Zerodha | Alice Blue |
|---|---|---|
| Free delivery | ✓ | – |
| Zero AMC | – | ✓ |
| Free API | – | ✓ |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | – | ✓ |
| Research desk | – | – |
| Published speed | ✓ | – |
What the published data shows
Zerodha publishes free equity delivery; Alice Blue does not (per official pricing at review). Zerodha publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- Zerodha full profile
- Alice Blue full profile
- Zerodha brokerage calculator
- Alice Blue brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Zerodha vs Alice Blue: which has lower delivery brokerage?
At our last review, Zerodha published delivery brokerage as "₹0 (free)" 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 Zerodha or Alice Blue have a trading API?
Both have documented APIs at review time: Zerodha (Kite Connect), Alice Blue (ANT API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Zerodha or Alice Blue?
Zerodha publishes ≈ 80 ms (median). Alice Blue has no verifiable execution-speed figure we could cite.
Is Zerodha cheaper than Alice Blue?
On our four example trades (intraday, delivery, options and futures), Zerodha is cheaper on 1, Alice Blue on 0, 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
- Zerodha - official website - https://zerodha.com
- Zerodha - official pricing - https://zerodha.com/charges/
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/