Bonanza Vs Alice Blue (Compare Bonanza and Alice Blue)

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


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


Alice Blue
Incorporated in 2006, Alice Blue is a Bangalore based discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) through its membership with CDSL. AliceBlue offers 2 brokerage plans, 'Trade Pro' and 'Freedom 20' to its customers. In the 'Trade Pro' plan, the company charges percentage-based brokerage. Customers have to pay a fixed percentage of the trading value. For intraday trading, a trader has to pay ... Know more about Alice Blue Financial Services

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Bonanza Vs Alice Blue

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 , Alice Blue is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Bonanza Alice Blue
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Flat Brokerage Plan Freedom 20
Year of Incorporation 1994
Number of Branches 1784
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 Alice Blue. Leave your contact info and we will get in touch with you.
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Bonanza Vs Alice Blue Charges & AMC

Bonanza trading account opening charges is ₹999 while Alice Blue account opening changes is Equity ₹310 | MCX ₹200 | ₹500 All segments. Bonanza Demat Account AMC Charges is Nil and Alice Blue Demat Account AMC Charges is ₹400.

  Bonanza Alice Blue
Trading Account Opening Charges ₹999 Equity ₹310 | MCX ₹200 | ₹500 All segments
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹0
Demat Account AMC Charges Nil ₹400
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Bonanza Vs Alice Blue Brokerage Charges & Plans

Bonanza Vs Alice Blue Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas Alice Blue brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per order or 0.01% whichever is lower.

  Bonanza Alice Blue
Account Type Flat Brokerage Plan Freedom 20
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹18 per executed order ₹20 per order or 0.01% whichever is lower
Equity Futures Brokerage ₹18 per executed order ₹20 per order or 0.01% whichever is lower
Equity Options Brokerage ₹18 per executed order ₹20 per order
Currency Futures Trading Brokerage ₹18 per executed order ₹20 per order or 0.01% whichever is lower
Currency Options Trading Brokerage ₹18 per executed order ₹10 per order
Commodity Futures Trading Brokerage ₹18 per executed order ₹20 per order or 0.01% whichever is lower
Commodity Options Trading Brokerage ₹18 per executed order ₹20 per order
Special Offer
Special Offer: Alice Blue Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer

Bonanza Vs Alice Blue Brokerage Plan 2

  Bonanza Alice Blue
Account Type Flat Brokerage Plan Trade Pro Plan
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order 0.1%
Equity Intraday Brokerage ₹18 per executed order 0.01%
Equity Futures Brokerage ₹18 per executed order 0.01%
Equity Options Brokerage ₹18 per executed order ₹20 per lot
Currency Futures Trading Brokerage ₹18 per executed order ₹10 per lot
Currency Options Trading Brokerage ₹18 per executed order ₹20 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.01%
Commodity Options Trading Brokerage ₹18 per executed order ₹20 per lot
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Bonanza Charges Vs Alice Blue

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0
Other Brokerage Charges
Call & Trade Charges ₹25 per trade ₹20 per executed order
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Bonanza Vs Alice Blue Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Alice Blue exchange transaction charges for options is NSE ₹5300 per Cr (0.053%) | BSE ₹1 per trade (each side).

  Bonanza Alice Blue
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹1 per trade (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹1 per trade (each side)
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE ₹210 per Cr (0.0021%) | BSE ₹1 per trade (each side)
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE ₹5300 per Cr (0.053%) | BSE ₹1 per trade (each side)
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) NSE ₹135 per Cr (0.00135%)
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) NSE ₹4400 per Cr (0.044%) (on premium)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) Non-Agri ₹360 per Cr (0.0036%) | Agri ₹275 per Cr (0.00275%)
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Bonanza Vs Alice Blue Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Alice Blue margin for intraday cash is Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x.

  Bonanza Alice Blue
Equity Delivery Upto 10x + Interest Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x
Equity Intraday Upto 10x Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x
Equity Futures Upto 3x Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Equity Options Upto 2x for shorting Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x
Currency Futures Upto 2x Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Currency Options Upto 2x for shorting Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x
Commodity Futures Upto 3x Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Commodity Options
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Compare Bonanza and Alice Blue Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Alice Blue offers Front End: ANT | Back End: Omnesys NEST trading software.

  Bonanza Alice Blue
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available 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 Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time 3:15 Equity: 3:15PM
Other Features
Referral Program
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Bonanza Vs Alice Blue Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Alice Blue is rated 3.4 of 5 based on 30 customer reviews.

  Bonanza Alice Blue
  7 Customer Reviews    Rate Bonanza 30 Customer Reviews    Rate Alice Blue
Fees 3.4 3.9
Trading Brokerage 3.3 3.8
Trading Platform Usability 3.1 3.6
Customer Service 3.7 3.1
Research Capabilities 5.0 2.0
Overall Ratings Rated 3.6 stars Rated 3.4 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Alice Blue is rated 3.4 of 5 based on 30 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Alice Blue Enquire
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Alice Blue Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer

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Bonanza Vs Alice Blue Investment Options

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

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

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

  Bonanza Alice Blue
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Alice Blue - Pros and Cons

  Bonanza Alice Blue
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
  • Discount stock broker.
  • Most advance trading platform.
  • Free equity delivery trades. No brokerage.
  • 01% or ₹20 whichever is less brokerage for intraday and F&O.
  • Up to 20x margin in equity intraday.
Cons
  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.
  • Online Mutual Fund investment is not available.
  • Margin funding is not available.
  • Good Till Cancelled (GTC) orders not available.
  • Call & Trade is available with additional cost of ₹20 per order.
Reviews
Promo / Offers

AMC are waived off for the 1st year

Free Equity Delivery Trade

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you.

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