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Alice Blue Consumer Complaints

Alice Blue Track Record Of Best Online Stock Broker In India

  • Life

    3.6

    Company Rating

  • Life

    110+

    Cities Covered

  • Life

    3.5 Lacs

    Orders Per Day

  • Life

    77+ Lac Crore

    Daily Turnover

  • Life

    1.3 Lacs+

    Our Client Base

  • Life

    4

    Mobile App Rating

  • Life

    3.6

    Company Rating

  • Life

    110+

    Cities Covered

  • Life

    3.5 Lacs

    Orders Per Day

  • Life

    77+ Lac Crore

    Daily Turnover

  • Life

    1.3 Lacs+

    Our Client Base

  • Life

    4

    Mobile App Rating

 
 
 

Alice Blue Account Opening Enquiry

 
 
 
 

Alice Blue Consumer Complaints

The term Alice Blue consumer complaints refer to the details about the total number of complaints reported against the Alice blue and which are received by the stock exchange from Alice Blue customers. With the help of this data provided by BSE and NSE helps to analyse the health of the broker.
The higher number of consumer complaints indicated the issues with the brokers and their services, and can be related to trade, trading tools, connectivity, or contract notes.




Alice Blue Consumer Complaints

EXCHANGE

FINANCIAL YEAR

NUMBER OF CLIENTS

TOTAL COMPLAINTS

BSE

2020-21

3,088

3

NSE

2020-21

86,631

107

BSE

2019-20

3,071

5

NSE

2019-20

37,295

87

NSE

2018-19

6,513

7

NSE

2017-18

5,181

17

BSE

2016-17

54

1

NSE

2016-17

4,476

30

NSE

2015-16

4,317

22

NSE

2014-15

3,804

10

NSE

2013-14

2,065

2

 

Alice Blue complaint at NSE

PARTICULARS

2020-21

2019-20

2018-19

Defaulter Yes/No

No

No

No

No. of clients at the beginning of the year

 

 

 

No. of active clients

86631

37295

6513

No. of complaints received *

107

87

7

Resolved through the exchange

89

69

5

Non actionable **

11

5

0

Advised / Opted for arbitration

0

3

0

Pending for redressal with exchange

7

10

2

No. of arbitration filed by clients

2

11

 

Decided by arbitrators in favour of the clients

0

11

 

Decided by the arbitrators

0

1

 

Pending for redressal with arbitrators

2

0

 

% of No. of complaints as against No. of active clients

0.12

0.23

0.1

% of complaints resolved as against complaints received

93.45

88.5

71.42

 

Alice Blue complaint at BSE

PARTICULARS

2020-21

2019-20

2016-17

Defaulter Yes/No

No

No

No

No. of clients at the beginning of the year

140552

6977

431

No. of active clients

3088

3071

54

No. of complaints received *

3

5

1

Resolved through the exchange

3

4

1

Non actionable **

0

0

0

Advised / Opted for arbitration

0

0

0

Pending for redressal with exchange

0

1

0

No. of arbitration filed by clients

0

0

0

Decided by arbitrators in favour of the clients

0

0

0

Decided by the arbitrators

0

0

0

Pending for redressal with arbitrators

0

0

0

% of No. of complaints as against No. of active clients

0

0

1.85

% of complaints resolved as against complaints received

0

80

100

 

Conclusion
All consumer complaints are serious grievances against Alice Blue broker which the broker failed to resolve and still remains unsolved. After this customer filed these legal complaints with the stock exchange. These reports determine the health of the broker. It also shows the total number of active clients of Alice blue.

Frequently Asked Questions


Demat account opening under Alice Blue is completely free.
Yes, you can place NRML orders in Alice blue.
MTM refers to Market-To-Market margin which covers the daily difference between the price of contract and its closing price on the day of purchase.
Certainly, Minor Demat Account can be opened with Alice Blue. In this case a legal guardian has to be appointed. Documents of legal guardians are required at the time of opening an account.
Yes, Alice Blue is a trusted stock broker. They have a big list of items to offer, and they serve their customer in most customer friendly manner.
There is no minimum balance requirement in Alice Blue trading account. Clients can add money in a trading account according to their need and extra money can be withdrawn as per the wish of the account holder.
Alice Blue has over 17 branches and 1000’s of franchise offices across India.
Soft copy of following documents are required in order to open an online account with Aliceblue: i. ID proof (PAN card) ii. Address proof (Aadhar card/Voter ID/Passport) iii. Passport size photo iv. Scanned signature v. Income proof (Bank statement of last 6 months/ ITR/ Last three months’ salary slip)
Alice Blue helpline number is 080-61575500/22174600.
No, it does not provide trading service on forex.
Yes, Alice Blue offers direct Mutual Funds through a dedicated online platform. There is no commission or brokerage charge on Mutual Funds.
Investing in Smallcase will attract a one-time flat fee of ₹ 100, apart from that usual brokerage charges will be applicable per transaction.
Basic Service Demat Account (BSDA) is a special category of Demat account which can be opened / held only by individual investors. It is available for holding a value up to Rs.50,000.
IPV refers to In-Person Verification, where the documents and client has to get verified by the broker personally while opening a trading and demat account. IPV can be done either through mobile Or Web camera. A video has to be recorded showing valid ID proof and client’s face during IPV process.
The size of file should be less than 5MB in JPEG, PDF or PNG format.
No, it does not provide any free tips.
eSign refers to digital signature. If client’s Aadhar card is linked with his mobile number, then he can virtually sign the documents through OTP.
No, it does not provide live market notifications and news.
The brokerage of Zerodha Max Rs.20 per trade while the brokerage of Alice Blue Max Rs.15 per order. Both the brokers are discount Brokers. Alice Blue provides more margin as compared to Zerodha.
It is a limited level of permission given to the firm by the traders in order to debit shares from the Demat account of trader whenever shares are sold. If a client is not willing to provide POA, then shares can be sold using CDSL TPIN mode. But this restricts the sell transaction to maximum of ₹ 1 crore per day. Moreover, it will result in limiting off-market transfer to ₹2 lakh per scrip and overall, ₹10 lakh per day. If the portfolio is above ₹ 1 crore and the client wish to sell more than ₹ 1 crore of stocks from his holdings in a day, he must provide POA.
Alice Blue does not provide a demo trading account.
No, it does not provide 3-in-1 account service.
It offers more than 15 additional products worth ₹ 3000 free of cost to enhance your trading experience.
Yes, it does provide combined ledger for both segments.
Transaction password is the password used while placing orders.
Yes, Alice Blue allows to trade in commodity.
Alice blue was incorporated in 2006 and is the fastest growing firm. It is a Bangalore based discount broker firm. Its minimum brokerage fees with maximum exposure makes it stand out from its competitors.
Indeed, the broker has designed a mobile app i.e. ANT mobi with a motive to provide better mobility to services it offers. This app is supported on android, windows and iOS platforms. It provides ease of trade from anywhere.
If eKYC is complete and Aadhar is linked to the mobile number, then the account can be opened instantly. In case, signed papers are sent to the broker, then it will take 24 hours to open the account once the documents are received.
3:15 PM is the Intraday square off time for Alice Blue.
Alice Blue Equity Options brokerage is Rs.15 per order.
Those who are willing to trade only in F&O (Equity, Commodity or Currency), Demat account is not required.
No, Alice Blue does not provide this feature.

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