Free Trading + Demat Account

Bonanza Vs India Infoline (IIFL) Share Broker Comparison

The side-by-side comparison of Bonanza Portfolio Ltd and India Infoline Limited stock brokers in India. The comparison below highlights the similarities and differences between Bonanza and India Infoline (IIFL)'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 Bonanza and India Infoline (IIFL).

  Bonanza Portfolio Ltd India Infoline Limited
 
Bonanza Portfolio Ltd Logo India Infoline Limited Logo
About the Broker 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 Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited
Type of Broker What is this parameter? Full Service Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX
Account Type What is this parameter? Default Plan Standard Account
Broker Enquiry Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you. Open an Online Trading Account with India Infoline (IIFL). Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Bonanza Portfolio Ltd India Infoline Limited
Trading Account Opening Fees What is this parameter? Nil Rs 750
Trading Account AMC What is this parameter? Nil Rs 0
Demat Account Opening Fees What is this parameter? Nil Rs 555
Demat Account AMC What is this parameter? Rs 250 Rs 300
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Bonanza Portfolio Ltd India Infoline Limited
Account Type Default Plan Standard Account
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.10% 0.50%
Equity Intraday Brokerage What is this parameter? 0.01% 0.05%
Equity Futures Brokerage What is this parameter? 0.01% 0.05%
Equity Options Brokerage What is this parameter? Rs 20 per Lot 1% of Premium or Rs 100 per lot whichever is high
Currency Futures Trading Brokerage What is this parameter? 0.006% 0.05%
Currency Options Trading Brokerage What is this parameter? Rs 10 1% of Premium or Rs 100 per lot whichever is high
Commodity Trading Brokerage What is this parameter? 0.006% 0.05%

Brokerage Plan 2

  Bonanza Portfolio Ltd India Infoline Limited
Account Type Plan 1000 Standard Account
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.1% 0.50%
Equity Intraday Brokerage What is this parameter? 0.005% 0.05%
Equity Futures Brokerage What is this parameter? 0.005% 0.05%
Equity Options Brokerage What is this parameter? 15 per lot 1% of Premium or Rs 100 per lot whichever is high
Currency Futures Trading Brokerage What is this parameter? .0025% 0.05%
Currency Options Trading Brokerage What is this parameter? 5 per lot 1% of Premium or Rs 100 per lot whichever is high
Commodity Trading Brokerage What is this parameter? 0.004% 0.05%

Brokerage Plan 3

  Bonanza Portfolio Ltd India Infoline Limited
Account Type Plan 7500 Standard Account
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.025% 0.50%
Equity Intraday Brokerage What is this parameter? 0.00312% 0.05%
Equity Futures Brokerage What is this parameter? 0.00312% 0.05%
Equity Options Brokerage What is this parameter? 10 per lot 1% of Premium or Rs 100 per lot whichever is high
Currency Futures Trading Brokerage What is this parameter? 0.0015% 0.05%
Currency Options Trading Brokerage What is this parameter? 4 per lot 1% of Premium or Rs 100 per lot whichever is high
Commodity Trading Brokerage What is this parameter? 0.00208% 0.05%

Other Charges

Minimum Brokerage Charges What is this parameter? Intraday - .0001% and Delivery - .005% Rs 0.05 per share
Other Brokerage Charges What is this parameter? Advisory SMS - Rs 50 per month
Call & Trade Charges What is this parameter? Rs 25 per trade
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Taxes

  Bonanza Portfolio Ltd India Infoline Limited
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

  Bonanza Portfolio Ltd India Infoline Limited
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275 0.00325%
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 0.00325%
Equity Futures What is this parameter? NSE ₹215 | BSE ₹75 0.0021%
Equity Options What is this parameter? NSE ₹5750 | BSE ₹3250 0.051% on premium
Currency Futures What is this parameter? NSE ₹135 | BSE ₹29 0.0021%
Currency Options What is this parameter? NSE ₹4750 | BSE ₹754 0.051% on premium
Commodity What is this parameter? MCX - Non Agri ₹235 | MCX - Agri ₹100 0.0028%
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Exposure

  Bonanza Portfolio Ltd India Infoline Limited
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

  Bonanza Portfolio Ltd India Infoline Limited
3 in 1 Account What is this parameter? No No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No
After Trading Hour Orders What is this parameter? Yes
Good Till Cancelled (GTC) What is this parameter? No
SMS Alerts What is this parameter? Yes 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? Yes
Combined Ledger for Equity and Commodity What is this parameter? No
Trading Platform What is this parameter? Omnesys NEST Trader Trader terminal
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)

  Bonanza Portfolio Ltd India Infoline Limited
  3 Customer Reviews    Rate Bonanza 96 Customer Reviews    Rate India Infoline (IIFL)
Fees Ratings 2.3 3.0
Trading Brokerage Rating 2.3 2.7
Trading Platform Usability 3.7 3.4
Customer Service Ratings 3.3 2.8
Overall Ratings Rated 3.0 stars Rated 2.8 stars
Broker Rating Bonanza is Rated 3.0 / 5 based on 3 customer reviews India Infoline (IIFL) is Rated 2.8 / 5 based on 96 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Portfolio Ltd India Infoline Limited
Contact / Request Call Back
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Investment Options Available

  Bonanza Portfolio Ltd India Infoline Limited
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes 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? No
Debt What is this parameter? No Yes
Other Investment Options What is this parameter? Insurance
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Customer Service Offered

  Bonanza Portfolio Ltd India Infoline Limited
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? Yes No
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

  Bonanza Portfolio Ltd India Infoline Limited
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

  Bonanza Portfolio Ltd India Infoline Limited
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

  Bonanza Portfolio Ltd India Infoline Limited
Pros What is this parameter?
  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...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

Cons What is this parameter?
  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...

  1. SMS alerts at additional Rs 249 per month
  2. Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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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