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Bonanza Vs Aditya Birla Money (Compare Bonanza and Aditya Birla Money)

Bonanza Portfolio Ltd Logo

About 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

Aditya Birla Money Ltd Logo

About Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ('NSDL') and the Central Depository Services (India) Limited ('CDSL'). The comp... Know more about Aditya Birla Money Ltd

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Bonanza Vs Aditya Birla Money

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 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 branches across India.

  Bonanza Aditya Birla Money
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Year of Incorporation 1994 1994
Number of Branches 1784 800
Enquire BonanzaEnquire Aditya Birla Money

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Bonanza Vs Aditya Birla Money Charges & AMC

Bonanza trading account opening charges is Rs 999 while Aditya Birla Money account opening changes is Rs 750. Bonanza Demat Account AMC Charges is Nil and Aditya Birla Money Demat Account AMC Charges is Rs 436.

  Bonanza Aditya Birla Money
Trading Account Opening Charges Rs 999 Rs 750
Trading Account AMC Charges Nil Nil
Demat Account Opening Charges Nil Nil
Demat Account AMC Charges Nil Rs 436

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Bonanza Vs Aditya Birla Money Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Aditya Birla Money brokerage charges for equity is 0.30% and intraday is 0.03%.

Account Type Bonanza Flat Brokerage Plan Aditya Birla Money
Fixed Charges
Equity Delivery Rs 18 per executed order 0.30%
Equity Intraday Rs 18 per executed order 0.03%
Equity Futures Rs 18 per executed order 0.03%
Equity Options Rs 18 per executed order Rs 50 per lot
Currency Futures Rs 18 per executed order 0.03%
Currency Options Rs 18 per executed order Rs 50 per lot
Commodity Futures Rs 18 per executed order 0.03%
Commodity Options Rs 18 per executed order Nil
Special Offer

Bonanza Charges Vs Aditya Birla Money

Minimum Brokerage Intraday - .0001% and Delivery - .005% Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 25 per trade Nil

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Bonanza Vs Aditya Birla Money 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 Aditya Birla Money exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

  Bonanza Aditya Birla Money
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 325 per Cr (0.00325%)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 325 per Cr (0.00325%)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) Rs 5000 per Cr (0.05%) (on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) Rs 110 per Cr (0.0011%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) Rs 4000 per Cr (0.04%) (on premium)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) MCX - Rs 300 per Cr (0.003%) | NCDEX - Rs 400 per Cr (0.004%)
Enquire BonanzaEnquire Aditya Birla Money

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Bonanza Vs Aditya Birla Money Leverage (Margin)

Bonanza margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Aditya Birla Money margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Bonanza Aditya Birla Money
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Enquire BonanzaEnquire Aditya Birla Money

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Compare Bonanza and Aditya Birla Money Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Aditya Birla Money offers Etrade, Advanced web, Mobile invest trading software.

  Bonanza Aditya Birla Money
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App Etrade, Advanced web, Mobile invest
Intraday Square-off Time 3:15 3:15
Other Features Insurance and Pension scheme available
Referral Program
Enquire BonanzaEnquire Aditya Birla Money

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Bonanza Vs Aditya Birla Money Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Aditya Birla Money is rated 2.8 of 5 based on 23 customer reviews.

  Bonanza Aditya Birla Money
  7 Customer Reviews    Rate Bonanza 23 Customer Reviews    Rate Aditya Birla Money
Fees 3.4 3.1
Brokerage 3.3 3.0
Trading Platform 3.1 3.0
Customer Service 3.7 2.8
Research Capabilities 5.0 3.5
Overall Ratings Rated 3.6 stars Rated 2.8 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Aditya Birla Money is rated 2.8 of 5 based on 23 customer reviews

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Contact Broker / Request A Call Back

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

  Bonanza Aditya Birla Money
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 Mutual Funds

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Bonanza Vs Aditya Birla Money Order Type Offered

  Bonanza Aditya Birla Money
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes Yes
Enquire BonanzaEnquire Aditya Birla Money

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Bonanza Vs Aditya Birla Money Research Report

  Bonanza Aditya Birla Money
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Bonanza Vs Aditya Birla Money Suitable For Investor Type

  Bonanza Aditya Birla Money
Casual Investor Yes
Active Investor Yes
Trader Yes

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Bonanza Vs Aditya Birla Money - Pros and Cons

  Bonanza Aditya Birla Money
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. ABM offers 2 in 1 account which is Trading cum Demat account
  2. No Call and Trade charges
  3. Fund transfer facility available from more than 11 banks
  4. ABM offers Portfolio Tracker which is one stop shop for your entire portfolio
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.
  1. Doesn't offer online account opening facility
  2. Brokerage calculator is not available
  3. Doesn't have Referral program
Reviews
Promo / Offers

AMC are waived off for the 1st year

Enquire BonanzaEnquire Aditya Birla Money

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