Bonanza Vs Anand Rathi (Compare Bonanza and Anand Rathi)

Bonanza Vs Anand Rathi

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, Anand Rathi is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX & NSEL. It has 1200 branches across India.

	Bonanza	Anand Rathi
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX, NFO, CDS	NSE, BSE, MCX, NCDEX & NSEL
Year of Incorporation	1994	1994
Number of Branches	1784	1200
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Bonanza Vs Anand Rathi Charges & AMC

Bonanza trading account opening charges is Rs 999 while Anand Rathi account opening changes is Rs 750. Bonanza Demat Account AMC Charges is Nil and Anand Rathi Demat Account AMC Charges is Rs 299 from second year onward.

	Bonanza	Anand Rathi
Trading Account Opening Charges	Rs 999	Rs 750
Trading Account AMC Charges	Nil	Rs 0
Demat Account Opening Charges	Nil	Rs 550
Demat Account AMC Charges	Nil	Rs 299 from second year onward

Bonanza Vs Anand Rathi Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Anand Rathi brokerage charges for equity is 0.5% - 0.15% and intraday is 0.05% -0.015%.

	Bonanza	Anand Rathi
Account Type	Flat Brokerage Plan	Standard Plan
Fixed Charges		NA
Equity Delivery	Rs 18 per executed order	0.5% - 0.15%
Equity Intraday	Rs 18 per executed order	0.05% -0.015%
Equity Futures	Rs 18 per executed order	0.05% - 0.015%
Equity Options	Rs 18 per executed order	Rs 75 to Rs 20
Currency Futures	Rs 18 per executed order	0.05% - 0.015%
Currency Options	Rs 18 per executed order	Rs 75 to Rs 20
Commodity Futures	Rs 18 per executed order	0.008% - 0.05%
Commodity Options	Rs 18 per executed order
Special Offer

Bonanza Charges Vs Anand Rathi

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

Bonanza Vs Anand Rathi 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 Anand Rathi exchange transaction charges for options is Rs 7000 per Cr (0.07%).

	Bonanza	Anand Rathi
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)
Equity Futures	NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side)	NSE Rs 410 per Cr (0.0041%) | BSE Rs 210 per Cr (0.0021%) (each side)
Equity Options	NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium)	Rs 7000 per Cr (0.07%)
Currency Futures	NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)	Rs 350 per Cr (0.0035%)
Currency Options	NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)	Rs 7000 per Cr (0.07%)
Commodity	MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)	Rs 350 per Cr (0.0035%)
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Bonanza Vs Anand Rathi 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 Anand Rathi 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	Anand Rathi
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 Anand Rathi Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Anand Rathi offers Trade X trading software.

	Bonanza	Anand Rathi
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Omnesys NEST Trader, My E Trade, My E Trade Mobile App	Trade X
Intraday Square-off Time	3:15
Other Features
Referral Program
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Bonanza Vs Anand Rathi Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Anand Rathi is rated 3.1 of 5 based on 14 customer reviews.

	Bonanza	Anand Rathi
	7 Customer Reviews	14 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Bonanza is rated 3.6 of 5 based on 7 customer reviews	Anand Rathi is rated 3.1 of 5 based on 14 customer reviews

Bonanza Vs Anand Rathi Investment Options

	Bonanza	Anand Rathi
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Bonanza Vs Anand Rathi Order Type Offered

	Bonanza	Anand Rathi
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Bonanza Vs Anand Rathi Research Report

	Bonanza	Anand Rathi
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs Anand Rathi Suitable For Investor Type

	Bonanza	Anand Rathi
Casual Investor
Active Investor
Trader

Bonanza Vs Anand Rathi - Pros and Cons

	Bonanza	Anand Rathi
Pros	Multiple fee structure to fulfill need of different type of investors. Offers 2 in 1 account which is Trading cum Demat account Bonanza offers add-on services like online bidding for IPO and mutual funds	They have 200 branches for extensive reach. call & trade is also available. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
Cons	Call & trade is charged extra at the rate of Rs 25 per trade. Bonanza doesn't offer any Referral program. Customer reported hidden charges and fees which was not explained at the time of account opening.	AnandRathi brokerage is high and not negotiable. They don't offer 3 in 1 account. There are some extra charges for their featured products.
Reviews
Promo / Offers	AMC are waived off for the 1st year
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