5paisa Vs Bonanza (Compare 5paisa and Bonanza)

The side-by-side comparison of 5paisa and Bonanza. Compare 5paisa Vs Bonanza brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best 5paisa vs Bonanza?


5paisa
5paisa is a leading stockbroker in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. 5paisa.com started operations in March 2016 and became 2nd largest discount stock broker in India by Dec 2018. It is listed on BSE and NSE. 5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges flat 20 Rs brokerage irrespective of the size of the trade, segment or e... Know more about 5paisa Capital Ltd


Bonanza
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), N... Know more about Bonanza Portfolio Ltd

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5paisa Vs Bonanza

Incorporated in 1996, 5paisa is a Discount Broker. It offers trading at NSE, BSE. It has 900 branches across India. Incorporated in 1994, Bonanza is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NFO, CDS. It has 1784 branches across India.

  5paisa Bonanza
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, BSE BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Optimum Flat Brokerage Plan
Year of Incorporation 1996 1994
Number of Branches 900 1784
Broker Enquiry Open an Online Trading Account with 5paisa. 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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5paisa Vs Bonanza Charges & AMC

5paisa trading account opening charges is ₹300 while Bonanza account opening changes is ₹999. 5paisa Demat Account AMC Charges is ₹540 (charged as ₹45 per traded month) and Bonanza Demat Account AMC Charges is Nil.

  5paisa Bonanza
Trading Account Opening Charges ₹300 ₹999
Trading Account AMC Charges ₹0 (Free) Nil
Demat Account Opening Charges ₹0 (Free) Nil
Demat Account AMC Charges ₹540 (charged as ₹45 per traded month) Nil
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5paisa Vs Bonanza Brokerage Charges & Plans

5paisa Vs Bonanza Brokerage

5paisa brokerage charges for equity is ₹20 per executed order and intraday is ₹20 per executed order whereas Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order.

  5paisa Bonanza
Account Type Optimum Flat Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage ₹20 per executed order ₹18 per executed order
Equity Intraday Brokerage ₹20 per executed order ₹18 per executed order
Equity Futures Brokerage ₹20 per executed order ₹18 per executed order
Equity Options Brokerage ₹20 per executed order ₹18 per executed order
Currency Futures Trading Brokerage ₹20 per executed order ₹18 per executed order
Currency Options Trading Brokerage ₹20 per executed order ₹18 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order ₹18 per executed order
Commodity Options Trading Brokerage ₹20 per executed order ₹18 per executed order
Special Offer
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5paisa Vs Bonanza Brokerage Plan 2

  5paisa Bonanza
Account Type Platinum Flat Brokerage Plan
Fixed Charges ₹499 per month
Equity Delivery Brokerage ₹10 per executed order ₹18 per executed order
Equity Intraday Brokerage ₹10 per executed order ₹18 per executed order
Equity Futures Brokerage ₹10 per executed order ₹18 per executed order
Equity Options Brokerage ₹2 per lot ₹18 per executed order
Currency Futures Trading Brokerage ₹10 per executed order ₹18 per executed order
Currency Options Trading Brokerage ₹10 per executed order ₹18 per executed order
Commodity Futures Trading Brokerage ₹10 per executed order ₹18 per executed order
Commodity Options Trading Brokerage ₹10 per executed order ₹18 per executed order
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5paisa Vs Bonanza Brokerage Plan 3

  5paisa Bonanza
Account Type Titanium Flat Brokerage Plan
Fixed Charges ₹1000 per month
Equity Delivery Brokerage ₹0 (Free) ₹18 per executed order
Equity Intraday Brokerage ₹10 per executed order ₹18 per executed order
Equity Futures Brokerage ₹10 per executed order ₹18 per executed order
Equity Options Brokerage ₹2 per executed lot ₹18 per executed order
Currency Futures Trading Brokerage ₹10 per executed order ₹18 per executed order
Currency Options Trading Brokerage ₹10 per executed order ₹18 per executed order
Commodity Futures Trading Brokerage ₹10 per executed order ₹18 per executed order
Commodity Options Trading Brokerage ₹10 per executed order ₹18 per executed order
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5paisa Charges Vs Bonanza

Minimum Brokerage Charges ₹20 per trade Intraday - .0001% and Delivery - .005%
Other Brokerage Charges Direct MF Investment: ₹20 per order
Call & Trade Charges ₹100 per call (any number of trades in a call) ₹25 per trade
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5paisa Vs Bonanza Transaction Charges

5paisa transaction charges for options is ₹5100 per crore (0.051%) (on premium) while Bonanza exchange transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium).

  5paisa Bonanza
Equity Delivery ₹325 per crore (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday ₹325 per crore (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures ₹210 per crore (0.0021%) NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
Equity Options ₹5100 per crore (0.051%) (on premium) NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
Currency Futures ₹210 per crore (0.0021%) NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
Currency Options ₹5100 per crore (0.051%) (on premium) NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
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5paisa Vs Bonanza Leverage (Margin)

5paisa provides the margin of Up to 20x for intraday trades whereas the Bonanza margin for intraday cash is Upto 10x.

  5paisa Bonanza
Equity Delivery Upto 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x) Upto 10x + Interest
Equity Intraday Up to 20x Upto 10x
Equity Futures Intra-day: 3.5x | Carry forward: 1x (no margin) Upto 3x
Equity Options Intra-day: 1x | Carry forward: 1x Upto 2x for shorting
Currency Futures Intra-day: 1 time | Carry forward: 1x Upto 2x
Currency Options Intra-day: 1x | Carry forward: 1x Upto 2x for shorting
Commodity Futures Upto 3x
Commodity Options
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Compare 5paisa and Bonanza Features

The trading platforms offered 5paisa include 5paisa Trade Station (Web, Mobile App and EXE). Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

  5paisa Bonanza
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform 5paisa Trade Station (Web, Mobile App and EXE) Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time Optimum Plan: 3:10 PM, Platinum Plan: 3:20 PM 3:15
Other Features
Referral Program
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5paisa Vs Bonanza Review

5paisa is rated 2.6 of 5 based on 74 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  5paisa Bonanza
  74 Customer Reviews    Rate 5paisa 7 Customer Reviews    Rate Bonanza
Fees 3.0 3.4
Trading Brokerage 3.7 3.3
Trading Platform Usability 2.7 3.1
Customer Service 2.1 3.7
Research Capabilities 1.8 5.0
Overall Ratings Rated 2.6 stars Rated 3.6 stars
Broker Rating 5paisa is rated 2.6 of 5 based on 74 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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5paisa Vs Bonanza Investment Options

  5paisa Bonanza
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Mutual Funds, Insurance Insurance
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5paisa Vs Bonanza Order Type Offered

  5paisa Bonanza
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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5paisa Vs Bonanza Research Report

  5paisa Bonanza
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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5paisa Vs Bonanza Suitable For Investor Type

  5paisa Bonanza
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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5paisa Vs Bonanza - Pros and Cons

  5paisa Bonanza
Pros
  • Flat fee brokerage. Pay just ₹20 per executed order. No more worries about size of the trade.
  • Free trading software's including 5paisa mobile app and trading terminal.
  • Up to 4 times exposure in Equity Delivery Trading.
  • Up to 20 times exposure in Equity Intraday Trading.
  • 3.5 times exposure in Derivatives Intraday Trading.
  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
Cons
  • Call & Trade is charged at ₹100 per call in addition to the brokerage. Any number of trades can be placed in one call.
  • Research and advisory is available at extra cost.
  • Higher exchange turnover charges in comparison to other popular discount stock brokers.
  • Higher demat debit charges (₹25 per transaction)
  • NRI Trading and Demat Account is not available.
  • Doesn't offer commodity trading.
  1. Call & trade is charged extra at the rate of ₹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.
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Promo / Offers

AMC are waived off for the 1st year

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