Broker comparison
Alice Blue vs Arrow (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Alice Blue and Arrow from published official pricing and features — no affiliation with either broker.
| Metric | Alice Blue | Arrow |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower); ₹0 on the Freedom (F20) plan | ₹0 (free) |
| Intraday brokerage | ₹15–₹20 per order depending on plan - see official pricing | ₹20 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹15–₹20 per order depending on plan - see official pricing | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) |
| AMC | ₹0 (zero AMC) | ₹0 (individual accounts; ₹500/year for non-individual accounts) |
| Account opening | Free (online) | ₹0 (free) |
| Trading API | ANT API — Free (per official page) | Arrow API — See official docs |
| Reported execution speed | Not Disclosed | 95% < 2.9 ms · 99% < 4 msself-reported |
| Algo support | Yes - free ANT API; partnerships with algo platforms | API with Python & Go clients; in-house algo tools “Coming soon” per official site |
| Platforms | ANT Mobi, ANT Web | Arrow mobile app (iOS/Android), Arrow web, Python & Go clients |
| Best for (published) | Price-sensitive algo traders exploring beyond the biggest names. | Latency-sensitive and professional traders who prioritise order-execution speed. |
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
Arrow publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- Alice Blue full profile
- Arrow full profile
- Alice Blue brokerage calculator
- Arrow brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Alice Blue vs Arrow: 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 Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Alice Blue or Arrow have a trading API?
Both have documented APIs at review time: Alice Blue (ANT API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Alice Blue or Arrow?
Arrow publishes 95% < 2.9 ms · 99% < 4 ms. 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/
- Arrow - official website - https://arrow.trade
- Arrow - official pricing - https://arrow.trade/pricing