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Alice Blue in India — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%5
- Safety20%100
- Track record10%no data
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- Alice Blue Financial Services (P) Ltd.
- Founded
- 2006
- Currencies
- INR.
- Swap-free account
- no
Licence check
Open an account with Alice BlueThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Alice Blue Financial Services (P) Ltd.
- Local standing
- SEBI-regulated domestic discount broker.
- Licence as the register states it
- SEBI stock broker INZ000156038; member NSE/BSE/MCX (MSE); CDSL DP ID 12085300.
- Leverage for this entity
- Intraday MIS with margin/exposure; MTF offered; SEBI peak-margin rules apply.
- The firm behind it
- Founded 2006 by Sidhavelayutham Mohanamoorthy; Bengaluru-based bootstrapped discount broker.
- What we hold against it
- Isolated app-review complaints (chart settings, execution); no major SEBI action verified at review.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday MIS with margin/exposure; MTF offered; SEBI peak-margin rules apply.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic discount broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, flat brokerage plan. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Alice Blue sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking.
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- ANT (Analysis and Trade) mobile app
- web
- desktop
- ANT MOBI
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.1 | — |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence INZ000156038, read on 09.07.2026
- Safety 100 of 100, its strongest of 4 scored axes
- 4 platforms: ANT (Analysis and Trade) mobile app, web, desktop, ANT MOBI
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Reviews 5 of 100, its weakest of 4 scored axes
- Not scored on round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 2IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 500IN
- Rank in this country
- #23
- Round turn, USD
- 6IN
- Min deposit, USD
- 20IN
- Leverage
- 200IN
- Rank in this country
- #37
- Round turn, USD
- 7IN
- Leverage
- 1000 group
- Rank in this country
- #40
- Round turn, USD
- 6IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #27
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Alice Blue |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 5 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
FAQ
- Does Alice Blue accept residents of India?
- Yes. SEBI-regulated domestic discount broker. Onboarding entity: Alice Blue Financial Services (P) Ltd.
- Is Alice Blue licensed to serve clients in India?
- SEBI stock broker INZ000156038; member NSE/BSE/MCX (MSE); CDSL DP ID 12085300. Checked on 09.07.2026.
- Which trading platforms does Alice Blue support?
- ANT (Analysis and Trade) mobile app, web, desktop, ANT MOBI. Instruments: Equity, F&O, currency, commodity, mutual funds, IPO.
- How can I withdraw money from Alice Blue in India?
- UPI, net-banking.
- What account types does Alice Blue offer?
- Demat+Trading; flat brokerage plan.
- Does Alice Blue offer a swap-free (Islamic) account?
- No. Alice Blue publishes no swap-free (Islamic) account for India.