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Bonanza Stock Trading, Demat, Brokerage and Reviews 2016


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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 provides depository services. Bonanza has pan-India presence across more than 1784 outlets spread across 560 cities.

The company operates in the cash and derivative segments of both NSE and BSE. It also has membership of Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange (NCDEX), NMCE and MCX-SX. It is also registered with Dubai Gold and Commodities Exchange (DGCX). The company acts as a DP of CDSL and NSDL.

Besides equity broking, Bonanza's services comprises of PMS, distribution of financial products like Mutual Funds, IPOs, insurance, FDs, demat services, institutional broking, e-trading, Investment banking and research services among others. The company also offers commodity trading services through its subsidiary named Bonanza Commodity Brokers Pvt Ltd which operates through MCX and NCDEX. In addition, the company enables customers to trade online and offline.

Bonanza is one of the largest distributors of mutual funds in India. Bonanza through its online portal provides regular news & updates on NFOs, forthcoming IPOs, MF gainers / losers, daily NAV's. It helps its clients with best research reports known in the market in comparative analysis of several mutual fund schemes. It offers transaction alerts via SMS and portfolio statements through auto mail facility. The company also allows investors to apply for mutual funds and IPOs through online investment platform.

Trade In: NSE, BSE, NSEFO, CURRENCY, MCX and NCDEX.

Bonanza Rating (by the customers)

2 Votes

Overall Rating Rated 3.5 stars 3.5/5
Fees Rated 3.0 stars 3.0/5
Brokerage Rated 3.0 stars 3.0/5
Usability Rated 4.0 stars 4.0/5
Customer Service Rated 3.0 stars 3.0/5

Do you trade with Bonanza? Rate Bonanza

Bonanza's Trading Platforms

Bonanza Portfolio offers web based, Installable as well as mobile platform to their clients. They are using OMNESYS NEST Trader as their primary desktop trading terminal. A customer can trade with Bonanza in following 3 ways:

  1. My E-trade [Installable Application]

    An installable application powered by 'Omnesys NEST Trader' can be downloaded and installed on your computer. This is a fully functional trading terminal allowing fast execution of orders with real time monitoring. This easy to use trading terminal is available to all its customer for free.

  2. HTML5 [web-based trading platform]

    A browser based trading website is powered by 'Omnesys NEST3'.

  3. Mobile Application (Bonanza My E-Trade)

    A smart phone application for Android and BlackBerry. This app allows customers to trade from their mobile phones on the move as well as access stock market news, currencies, commodities, quotes of NSE & BSE and many more updates instantly.

My E-trade

Bonanza Porfolio offers My E-Trade for Online Trading. My-E-Trade is a online trading product which allows investors and traders to use the most technically advanced channels of trading. It is very flexible application available as it allows the traders to trade in all segments. Users can not only trade using their hand held devices but they are also allowed to trade from any part of the world. To ensure that maximum Traders use My-E-Trade, Bonanza is offering the cheapest brokerage amongst the mainline brokers under monthly, quarterly and yearly plans with a fixed cost so trader can get all the features which mainline broker offers with discounted brokerage. Main features includes:

  • Trading facility in NSE, BSE, NSEFO, CURRENCY, MCX and NCDEX
  • Live streaming
  • Order reports, Trade reports
  • Demat Account Holding
  • Limit Statement
  • Charts
  • Latest market news and company results
  • Customized screen

Special offer for our website visitors

AMC are waived off for the 1st year

Bonanza Brokerage Charges 2016

Account Opening Fees for Bonanza:

  • Trading Account Opening Charges (One Time): Nil
  • Trading Annual maintenance charges (AMC): Nil
  • Demat Account Opening Charges (One Time): Nil
  • Demat Account Annual Maintenance Charges (AMC): Rs 250

Bonanza offers fixed brokerage plan as well % base brokerage Plan so trader can select as per their requirement.

Bonanza Brokerage Plans (Fixed Brokerage)

  • Equity Delivery Trading Brokerage: Rs 18 per trade
  • Equity Intraday Trading Brokerage: Rs 18 per trade
  • Equity Future Trading Brokerage: Rs 18 per trade
  • Equity Options Trading Brokerage: Rs 18 per trade
  • Currency Futures Trading Brokerage: Rs 18 per trade
  • Currency Options Trading Brokerage: Rs 18 per trade

Bonanza Brokerage Plans (Variable Brokerage)

Segment Default Plan Plan 1000 Plan 3000 Plan 7500 Plan 27000
Intraday 0.01% 0.005% 0.00375% 0.00312% 0.00281%
Futures 0.01% 0.005% 0.00375% 0.00312% 0.00281%
Delivery 0.1% 0.1% 0.03% 0.025% 0.0225%
Equity Options 20 per lot 15 per lot 12 per lot 10 per lot 9 per lot
Currency 0.005% 0.0025% 0.002% 0.0015% 0.00135%
Currency Options 10 per lot 5 per lot 5 per lot 4 per lot 3.6 per lot
Commodities 0.006% 0.004% 0.0025% 0.00208% 0.00187%
Commodities Delivery 0.04% 0.025% 0.02% 0.0166% 0.015%

Bonanza turnover and other charges:

  • Equity Delivery: NSE: 0.00325%| BSE: 0.00275%| MCX-SX: 0.002%
  • Equity Intraday: NSE: 0.00325%)| BSE: 0.00275%| MCX-SX: 0.002%
  • Equity Future: NSE: 0.0019%| BSE: 0.0005%| MCX-SX: 0.0012%
  • Equity Options (on Premium): NSE: 0.05%| BSE: 0.025%| MCX-SX: 0.025%
  • Currency Future: NSE: 0.0011%| BSE: 0.00004%| MCX-SX: 0.00105%
  • Currency Options: NSE: 0.040%| BSE: 0.00004%| MCX-SX: 0.030%
  • Commodity: MCX-Non Agri: 0.0021%| MCX-Agri: 0.00075%| NCDEX (A): 0.0035%| NCDEX( B): 0.00125%
  • Call and Trade: Rs 25

Bonanza Portfolio Charges in Detail

Bonanza Portfolio ChargesEQUITY DeliveryEQUITY Intraday
STT0.01% on both Buy and Sell0.025% on the Sell Side
Transaction Charges0.00325%0.00275%
Service Tax15% on Brokerage + Transaction Charge15% on Brokerage + Transaction Charge
SEBI Charges20 Rs/Crore20 Rs/Crore
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State 0.01% subject to a maximum of Rs 50 - Varies by State
Bonanza Portfolio ChargesFuturesOptions
STT0.01% on Sell Side0.017% on Sell Side(on Premium)
Transaction Charges0.0019%0.05% on premium
Service Tax15% on Brokerage + Transaction Charge15% on Brokerage + Transaction Charge
SEBI Charges20 Rs/Crore20 Rs/Crore
Stamp Duty 0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
Bonanza Portfolio ChargesCurrency FuturesCurrency Options
STTNo STTNo STT
Transaction ChargesNSE: 0.0011%NSE: 0.040%
Service Tax15% on Brokerage + Transaction Charge15% on Brokerage + Transaction Charge
SEBI Charges20 Rs/Crore20 Rs/Crore
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
Bonanza Portfolio ChargesCommodity
CTT0.01% only on the sell side
Transaction ChargesNon Agri: (0.0021%),MCX Agri: (0.00075%)
Service Tax15% on Brokerage + Transaction Charge
SEBI Charges20 Rs/Crore
Stamp Duty (Maharashtra)0.01% subject to a maximum of Rs 50 - Varies by State

Bonanza Portfolio Charge Structure Explanation:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Service Tax: This is charged at 15% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at Rs 20 per Crore.
  • Transaction Charges: This is charged at Rs 325/crore for Equity, Rs 190/crore for Futures, Rs 5618/crore on premium for options.

Bonanza Depository Service Charges (NSDL & CDSL)

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening Rs 200
Annual Maintenance Charges - Paper Statement Rs 286 per anum
Annual Maintenance Charges - Email Statement Nil
Buy - Market and Off-Market Nil
Sell - Market and Off-Market - Internet Trading Rs 15
Sell - Market and Off-Market - Call Center Rs 12
Rejection / fails Nil
Extra charges for processing of TIFDs submitted late
(% of transaction value)
Instruction submitted through Internet (E-inst / IVR)
Nil
Instruction submitted through Call Centre Nil
Instruction submitted at Branches (accepted at Client's risk) Nil
Dematerialisation for each request form Nil
Dematerialisation for each extra certificate Rs 3
Rematerialisation Rs 15 per 100 securities or part thereof or Rs 15 per certificate.
Reconversion of MF units N/A
Closure of Account Nil
Pledge Creation / Closure / Confirmation/ Invocation Rs 35
Additional Account Statements Nil
NSDL/CDSL Annual Maintenance Fee for Corporate Account Rs 1000
NSDL/CDSL Sell - Market and Off-Market Rs 5.50 per debit instruction

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Bonanza Pros and Cons

Bonanza Advantages

  1. They provide intraday reports and historical charting.
  2. Varity of fee structure to fulfill need of different type of investors.
  3. Bonanza offers 2 in 1 account which is Trading cum Demat account
  4. Bonanza offers services like online bidding for IPO and mutual funds

Bonanza Disadvantages

  1. Bonanza doesn't offer brokerage calculator
  2. Bonanza charges Rs 25 for call and trade facility
  3. Bonanza doesn't offer any Referral programme

Bonanza Complaints received at BSE / NSE:

Number of customer complained against Bonanza Portfolio Ltd share broker. The Bonanza Portfolio Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Bonanza Portfolio Ltd consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
BSE 2015-16 22,007 19
NSE 2015-16 33,606 34
BSE 2014-15 19,279 21
NSE 2014-15 34,452 45
BSE 2013-14 269,974 20
BSE 2012-13 259,290 22
BSE 2012-13 141,401 10
NSE 2012-13 240,596 60
BSE 2011-12 239,235 68
NSE 2011-12 229,729 112

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

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Bonanza Portfolio Ltd Reviews

avatar
1. Pooja Jain  Jun 24, 2016 8:49:44 PM IST Reply
I am with Bonanza for more than year. The best thing about them is they offer flat fee brokerage which is generally do not provided by full service broker. Their customer service is not great.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average

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