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.
| Metric | Alice Blue | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower); ₹0 on the Freedom (F20) plan | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | ₹15–₹20 per order depending on plan - see official pricing | 0.05% per order on the standard plan - see official pricing |
| F&O brokerage | ₹15–₹20 per order depending on plan - see official pricing | ₹20 per order (flat) |
| AMC | ₹0 (zero AMC) | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | ANT API — Free (per official page) | IIFL Securities API — Free for IIFL customers (per official pages) |
| 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. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
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.
What the published data shows
Alice Blue publishes free equity delivery; IIFL Securities does not (per official pricing at review). 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
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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); ₹0 on the Freedom (F20) plan" and IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". 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.
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