Bonanza Vs Achiievers (Compare Bonanza and Achiievers)


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


Achiievers
Incorporated in 1999, Achiievers Equities Ltd is an online discount brokerage firm offering brokerage services for stocks, futures, and options, currency and commodities on NSE, BSE & MCX. Achiievers offers a whole new way of trading going with the tagline "Making Money Differently", made it simple wherein a client pays a nominal brokerage charge of either Rs 50 per day for Unlimited Trade or Rs 750 for unlimited trading for the entire month or can opt for a suitable brokerage plan as per con... Know more about Achiievers Equities Ltd

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Bonanza Vs Achiievers

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. Incorporated in 2012, Achiievers is a Discount Broker. It offers trading at NSE, BSE and MCX. It has 1 branches across India.

  Bonanza Achiievers
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE and MCX
Year of Incorporation 1994 2012
Number of Branches 1784 1
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Achiievers.
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Bonanza Vs Achiievers Charges & AMC

Bonanza trading account opening charges is Rs 999 while Achiievers account opening changes is Rs 150. Bonanza Demat Account AMC Charges is Nil and Achiievers Demat Account AMC Charges is Rs 400.

  Bonanza Achiievers
Trading Account Opening Charges Rs 999 Rs 150
Trading Account AMC Charges Nil Nil
Demat Account Opening Charges Nil Nil
Demat Account AMC Charges Nil Rs 400
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Bonanza Vs Achiievers Brokerage Charges & Plans

Bonanza Vs Achiievers Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Achiievers brokerage charges for equity is Rs 15 and intraday is Rs 15.

  Bonanza Achiievers
Account Type Flat Brokerage Plan Flat Fee Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order Rs 15
Equity Intraday Rs 18 per executed order Rs 15
Equity Futures Rs 18 per executed order Rs 15
Equity Options Rs 18 per executed order Rs 15
Currency Futures Rs 18 per executed order Rs 15
Currency Options Rs 18 per executed order Rs 15
Commodity Futures Rs 18 per executed order Rs 15
Commodity Options Rs 18 per executed order
Special Offer

Bonanza Vs Achiievers Brokerage Plan 2

  Bonanza Achiievers
Account Type Flat Brokerage Plan Mega Value Plan
Fixed Charges Rs 750 (Per Segment)
Equity Delivery Rs 18 per executed order Rs 1 per executed order
Equity Intraday Rs 18 per executed order Rs 1 per executed order
Equity Futures Rs 18 per executed order Rs 1 per executed order
Equity Options Rs 18 per executed order Rs 1 per executed order
Currency Futures Rs 18 per executed order Rs 1 per executed order
Currency Options Rs 18 per executed order Rs 1 per executed order
Commodity Futures Rs 18 per executed order Rs 1 per executed order
Commodity Options Rs 18 per executed order Rs 1 per executed order
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Bonanza Vs Achiievers Brokerage Plan 3

  Bonanza Achiievers
Account Type Flat Brokerage Plan Per Day Plan
Fixed Charges Rs 50 per day (each segment)
Equity Delivery Rs 18 per executed order Rs 1 per executed order
Equity Intraday Rs 18 per executed order Rs 1 per executed order
Equity Futures Rs 18 per executed order Rs 1 per executed order
Equity Options Rs 18 per executed order Rs 1 per executed order
Currency Futures Rs 18 per executed order Rs 1 per executed order
Currency Options Rs 18 per executed order Rs 1 per executed order
Commodity Futures Rs 18 per executed order Rs 1 per executed order
Commodity Options Rs 18 per executed order Rs 1 per executed order
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Bonanza Charges Vs Achiievers

Minimum Brokerage Intraday - .0001% and Delivery - .005% Rs 15
Other Charges
Call & Trade Charges Rs 25 per trade Rs 20 per trade
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Bonanza Vs Achiievers Transaction Charges

Bonanza transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) while Achiievers exchange transaction charges for options is Rs 7500 per Cr (0.075%).

  Bonanza Achiievers
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 350 per Cr (0.0035%)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 350 per Cr (0.0035%)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) Rs 390 per Cr (0.0039%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) Rs 7500 per Cr (0.075%)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) Rs 175 per Cr (0.00175%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) Rs 6500 per Cr (0.065%)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) MCX Agri Rs 325 per Cr (0.00325%) | Non Agri Rs 460 per Cr (0.0046%)
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Bonanza Vs Achiievers Leverage (Margin)

Bonanza margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Achiievers margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Bonanza Achiievers
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Bonanza and Achiievers Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Achiievers offers NOW Online, NOW Trader trading software.

  Bonanza Achiievers
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 Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App NOW Online, NOW Trader
Intraday Square-off Time 3:15 3:15 PM
Other Features
Referral Program Yes
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Bonanza Vs Achiievers Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Achiievers is rated 4.6 of 5 based on 5 customer reviews.

  Bonanza Achiievers
  7 Customer Reviews    Rate Bonanza 5 Customer Reviews    Rate Achiievers
Fees 3.4 4.6
Brokerage 3.3 5.0
Trading Platform 3.1 4.2
Customer Service 3.7 4.2
Research Capabilities 5.0 3.0
Overall Ratings Rated 3.6 stars Rated 4.6 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Achiievers is rated 4.6 of 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Achiievers Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Bonanza Vs Achiievers Investment Options

  Bonanza Achiievers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance
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Bonanza Vs Achiievers Order Type Offered

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

  Bonanza Achiievers
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs Achiievers Suitable For Investor Type

  Bonanza Achiievers
Casual Investor
Active Investor Yes
Trader Yes Yes
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Bonanza Vs Achiievers - Pros and Cons

  Bonanza Achiievers
Pros
  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
  1. MEGA VALUE PLAN (MVP) the monthly unlimited trading plan @ Rs 750/ per month for trading at NSE, BSE, NSE SX and MCX.
  2. Rs 50 per day plan and Rs 15 per trade plan is also available.
  3. Trading Software's including website, mobile app and installable trading terminals are available for free.
  4. No minimum brokerage.
  5. Achiievers offers facility to invest in IPO, FPO, Mutual Funds, Insurance, FDs, NCDs and Offer For Sale (OFS).
Cons
  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.
  • Call and trade facility available with additional charges of Rs 20 per trade.
  • They charge Rs 75 per month for Research recommendation on SMS.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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