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ICICIDirect Vs Bonanza Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Bonanza Portfolio Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Bonanza's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Bonanza.

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
 
ICICI Securities Pvt Ltd. Logo Bonanza Portfolio Ltd Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Incorporated in 1994, Bonanza Portfolio Ltd is an Indian financial services and brokerage company with long experience in the capital markets. It offers brokerage services in the areas of equity, indices, and commodity derivatives, as well as provide... Know more about Bonanza Portfolio Ltd
Type of Broker What is this parameter? Full Service Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Default Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Trading Account Opening Fees What is this parameter? Rs 975 Nil
Trading Account AMC What is this parameter? NIL Nil
Demat Account Opening Fees What is this parameter? NIL Nil
Demat Account AMC What is this parameter? Rs 600 Rs 250
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Account Type 3-in-1 Account (I-Secure Plan) Default Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% 0.10%
Equity Intraday Brokerage What is this parameter? 0.275% 0.01%
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% 0.01%
Equity Options Brokerage What is this parameter? Rs 95 to Rs 35 per lot Rs 20 per Lot
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% 0.006%
Currency Options Trading Brokerage What is this parameter? Rs 25 to Rs 10 per lot Rs 10
Commodity Trading Brokerage What is this parameter? NA 0.006%

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Account Type I-Saver Plan Plan 1000
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% 0.1%
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% 0.005%
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% 0.005%
Equity Options Brokerage What is this parameter? Rs 95 to Rs 65 per lot 15 per lot
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03% .0025%
Currency Options Trading Brokerage What is this parameter? Rs 95 to Rs 65 per lot 5 per lot
Commodity Trading Brokerage What is this parameter? NA 0.004%

Brokerage Plan 3

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Account Type 3-in-1 Account (I-Secure Plan) Plan 7500
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% 0.025%
Equity Intraday Brokerage What is this parameter? 0.275% 0.00312%
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% 0.00312%
Equity Options Brokerage What is this parameter? Rs 95 to Rs 35 per lot 10 per lot
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% 0.0015%
Currency Options Trading Brokerage What is this parameter? Rs 25 to Rs 10 per lot 4 per lot
Commodity Trading Brokerage What is this parameter? NA 0.00208%

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 35 per trade Intraday - .0001% and Delivery - .005%
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter? Rs 25 per trade
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Taxes

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? 0.0018% NSE ₹215 | BSE ₹75
Equity Options What is this parameter? 0.05% on Premium NSE ₹5750 | BSE ₹3250
Currency Futures What is this parameter? 0.0012% NSE ₹135 | BSE ₹29
Currency Options What is this parameter? 0.05% on Premium NSE ₹4750 | BSE ₹754
Commodity What is this parameter? NA MCX - Non Agri ₹235 | MCX - Agri ₹100
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Exposure

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Equity Delivery What is this parameter?
Equity Intraday What is this parameter?
Equity Futures What is this parameter?
Equity Options What is this parameter?
Currency Futures What is this parameter?
Currency Options What is this parameter?
Commodity What is this parameter?
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Share Broker Features

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
3 in 1 Account What is this parameter? Yes No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? No Yes
Combined Ledger for Equity and Commodity What is this parameter? No
Trading Platform What is this parameter? Trade Racer Omnesys NEST Trader
Intraday Square-off Time What is this parameter? 3:15
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
  340 Customer Reviews    Rate ICICIDirect 3 Customer Reviews    Rate Bonanza
Fees Ratings 2.3 2.3
Trading Brokerage Rating 1.8 2.3
Trading Platform Usability 3.4 3.7
Customer Service Ratings 2.8 3.3
Overall Ratings Rated 2.5 stars Rated 3.0 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 340 customer reviews Bonanza is Rated 3.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes Yes
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter? Insurance
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Customer Service Offered

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No No
Through Branches What is this parameter? Yes Yes
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Pros What is this parameter?
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  1. Multiple fee structure to fulfill need of different type of investors.
  2. Offers 2 in 1 account which is Trading cum Demat account
  3. Bonanza offers add-on services like online bidding for IPO and mutual funds

More Advantages...

Cons What is this parameter?
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

More Disadvantages...

  1. Call & trade is charged extra at the rate of Rs 25 per trade.
  2. Bonanza doesn't offer any Referral program.
  3. Customer reported hidden charges and fees which was not explained at the time of account opening.

More Disadvantages...

Reviews What is this parameter?
Promo / Offers What is this parameter?

AMC are waived off for the 1st year

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