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Clearing Member Charges
Bengaluru (Karnataka) [India], February 1: What sets an organization apart from its competitors is the quality of services it provides to its clients. Since its inception in 2006, Alice Blue has constantly worked toward improving its services with innovative customer-centric solutions. In that direction, this Republic Day, Alice Blue has gifted its clients with ZERO clearing […]
Bengaluru (Karnataka) [India], February 1: What sets an organization apart from its competitors is the quality of services it provides to its clients. Since its inception in 2006, Alice Blue has constantly worked toward improving its services with innovative customer-centric solutions.
In that direction, this Republic Day, Alice Blue has gifted its clients with ZERO clearing charges effective from January 27, 2023, by becoming a self-clearing broker. This means that the client will not have to pay any clearing member charges for any trades in all the segments.
Earlier, Alice Blue had also reduced its brokerage from ₹20/order to ₹15/order, which makes the cost of trading at Alice Blue 25% lesser compared to the standard charges. Alice Blue has also made various technological advancements in its trading platform, ANT (Web, Mobi), in recent times. The ANT platform is now more smooth, more user-friendly, and packed with real-time trading features for the clients.
According to Mr. Sidhavelayutham M, the Founder, and CEO of Alice Blue, “The benefit of Self-Clearing Brokers to its clients is that they can enjoy low-cost trading, avail equity margin trade facilities, and their trades can be cleared and settled off faster to leverage the market dynamics. This will eventually open more trading opportunities for the clients.”
