What Is a Demat Account?
Alice Blue Online Demat Account provides you a convenient and easy way to start your journey in the world of share market. So, the first thing you will need is a demat and trading account.
Stock trading is something that attracts a lot of people every day. This is because it gives you the opportunity of earning large sums of money in a relatively short amount of time.
And honestly speaking, who doesn’t want that, right? Now suppose you have decided to step into this field and give it a shot.
A demat account basically holds your financial securities such as shares, mutual funds and other investments in an electronic format.
It is very much like a normal bank account except the fact that it holds all the non-tangible assets. Your normal bank account, on the other hand, holds more tangible assets.
A demat account is essential if you want to start trading. Hence, the creation of a demat account is of paramount importance. NSDL and CSDL are the two depository organizations that maintain all the demat accounts in India.
Now you need a depository participant that can act as the link between you and the depository. Alice Blue can help you in just that.
About Alice Blue Online
Though it is not the most popular when it comes to online trading platforms, Alice Blue is one of the fastest-growing broker. It is probably one of the cheapest and high margin brokers when it comes to unlimited trading plans.
In fact, unlimited trading plans are what it is the most renowned for in the first place.
Alice Blue allows you to do intraday trading, equity delivery, and long term investments.
It also allows you to trade in equity derivatives and currency derivatives at both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Working on and with Alice Blue is easy. This is because along with their website, they also have their own app. Hence, you can easily check the status of your account and trade on the go.
Alice Blue Margin or Leverage
|Freedom 20 plan:|
Types of Alice Blue Online Demat a/c
There are three different types of accounts that you can open up with Alice Blue. These are:
1) Two in one account which combines a Trading account along with a Demat account.
2) Just a Trading account
3) Just a Demat account
Apart from this, you get the option of choosing from different trading plans. One of the most common plans that is used through Alice Blue is the pay per trade plan.
In this plan, you need to pay just Rs 20 per trade which includes Equity, Equity F&O and Currency F&O at both BSE and NSE.
The company also offers many other types of trading plans as well depending on the requirements of the clients. In case a client wants to save money over multiple trading, they can contact the customer service for yearly or monthly deal, which proves to be less costly than any plans.
Alice Blue Online Account Opening Charges
As we have discussed earlier also, you need a demat account to start trading in equities. Alice Blue offers you various benefits and add-on features while opening up a demat account.
So, in order to start trading, you can pay the charges for the accounts as mentioned below.
For NSE (NSE-EQ, NSE-FO, BSE CDS, BSEEQ, DP POA) – Rs.310
For MCX – Rs.200 (Lifetime Trading Account)
For Both Segments – Rs.500
AMC charges for NSE Demat Account (Yearly Charges) – Rs.400
If you wish to know Alice blue brokerage charges, please refer to the table given below:
|Equity Intraday Trading||0.01%|
|NSE Future Trading||0.1%|
|NSE Options Trading||Rs.20/lot|
Documents Required for Opening Demat Account
No matter which procedure you adopt for opening up your Alice Blue Online Demat Account, you need to have some vital documents that you definitely need to submit or upload in order for the KYC to be completed.
Here are the documents which you need to have in order to open up your demat account:
- PAN card
- Address proof. This can be your Ration Card, Telephone Bill, Electricity Bill, Property Tax, Receipts, Passport, Bank Passbook, Voter’s ID or Aadhar.
- Your normal bank account number and IFSC code.
- Your photo
- Income Proof (Six months bank statement)
- IPV (PAN or Aadhar with selfie)
- Client Specimen signature
How to open an Alice Blue Online Demat Account?
Unlike most of the other platforms which provide you with the option of filling out an application form, this platform gives you multiple ways to do so.
Alice Blue Online Demat Account can actually be opened in three different ways.
Not only does this make it different from the fellow platforms but also provide more options to you as a customer so that you can choose the option which suits you the most.
Let’s take a look at how you can open up an Alice Blue Online Demat Account in various ways.
1) Online Application
This is the most widely used and the most convenient option of all. It is completely paperless involving minimum hassle and can actually be completed easily by following the given steps.
- First, go the website of Alice Blue. There you will find the option of “Open an Account”. Select that to take the first step towards creating your Alice Blue Online Demat Account.
- In the new window which opens up, you will find three different options to open up your demat account. Select the one with E-Kyc Signup, which corresponds to the online application form.
- Now there will be certain steps wherein you will be required to fill out various details regarding you and your normal bank account. Also, you will be required to digitally upload some documents.
- After this, you will be required to digitally sign the account opening form with the help of your Aadhar card number.
- Your account will now be activated in just a few minutes.
- In case you are not KRA and IPV compliant, you will have to print down the completed form, sign it and send it to the main Alice Blue office in Mumbai.
2) Request Callback
- In case if you are skeptical about filling the application form online and are also not very comfortable in sending out the printed form, then you can opt to directly contact the helpdesk.
- For this, you need to go to their website. Then you need to go on the “Open an account” page where in the first option, you will be required to fill out the contact details.
- After this, the support staff will contact you as soon as possible and guide you through the account opening process.
Alice Blue Account Login Process
After you have completed all the formalities related to the application form for opening up your demat account, the account will be opened up in a really short while. After this, you just need to go and log into your account to start trading.
Follow the given steps below to go and log into your account:
- First, you need to go to the homepage of the Alice Blue website.
- There, on the top right corner of the screen, you will find an option which says, “Trading Login”.
Here, you will have the option of logging into your Alice Blue web trading account or the NSE NOW web trading account.
In case you are using Alice Blue Desktop or Alice Blue Mobile, then you will be asked to log into your account before you start using the app or software.
Trading platforms offered
Alice Blue offers a pretty varied types of trading options. Not only can you sit at your desk in from of your laptop or desktop and trade via it, but also trade on the go while on your phone.
So, let’s take a look at these various types of platforms.
1) Ant Mobi
If you are looking for a comprehensive set of professional tools to add more finesse to your trading business, then this is just the option for you.
Alice Blue desktop is a software which can be downloaded and used for your day to day trading activities.
It contains options for live streaming, intra-day charts, orders, entry and execution, all in an easy to use window. Apart from normal home stationed traders, this platform is the one most used by the dealers.
2) Ant Web
If you are not too serious about trading or it is just something which you are trying on the side, then this platform is the one for you. Alice Blue Web is specially designed for all the casual traders and investors.
This platform can be easily and conveniently accessed from any web browser so that you can carry out your trading activities with ease.
Even though it is for casual traders and investors, it contains all the tools which are vital for trading.
You can get the real-time market data along with the current news and trends as well as access to various tapped and untapped market segments.
3) Ant Desk
As we said before also, Alice Blue mobile can enable you to trade on the go. If you cannot carry your laptop everywhere or if it is too much of a hassle to use one, then this option gives you a simple way to trade.
The app is simple and secure and is also compatible with all Android and iOS devices.
Aliceblue Online Different Tools
Apart from the excellent services they provide, different types of tools and calculators are also one of them. The website has different types of calculators that can help you to calculate the profits, brokerage, and investment.
These calculators can help you estimate the cost and brokerage you will incur by investing. It can also help you to calculate the amount of profit and loss you can make from an investment.
The website has a margin calculator that can help you in calculating the margin on trading in various types of commodities.
It has the list of the available commodities with the updated price and margins. Similarly, an options calculator provides you with the Nifty option calculator and Bank nifty calculator to calculate the MIS margins.
They also have a brokerage calculator, which helps the clients to calculate the amount of brokerage they have to give, even before investing in a particular stock.
FAQs – Some Commonly Asked Questions
Can I open more than one trading account in my name?
No. While you cannot open more than one trading account in your name with the same broker, you can register the account with a different broker.
Can I open more than one demat account?
Yes. Unlike trading accounts, you can open another demat account with the same broker.
What is the procedure to transfer my funds?
You can transfer the funds in Alice Blue in multiple ways. This includes various payment gateways along with a check or can also easily transfer the funds online.
Is there are a minimum balance that I need to maintain?
Absolutely not. Unlike many of the normal bank accounts which require you to have a minimum balance in your account at all times, you don’t need to have any minimum balance in your Alice Blue Online Demat Account.