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.
| Metric | Alice Blue | Paytm Money |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower); ₹0 on the Freedom (F20) plan | ₹20 per order - see official pricing for current schedule |
| Intraday brokerage | ₹15–₹20 per order depending on plan - see official pricing | ₹20 per order (flat) |
| F&O brokerage | ₹15–₹20 per order depending on plan - see official pricing | ₹20 per order (flat) |
| AMC | ₹0 (zero AMC) | ₹0 demat AMC (₹300 per year platform fee applies) |
| Account opening | Free (online) | See official pricing page |
| Trading API | ANT API — Free (per official page) | Paytm Money API — See official developer page |
| 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.
What the published data shows
Alice Blue publishes free equity delivery; Paytm Money does not (per official pricing at review).
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); ₹0 on the Freedom (F20) plan" and Paytm Money as "₹20 per order - see official pricing for current schedule". 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.
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/pricing