Bonanza Vs Anand Rathi (Compare Bonanza and Anand Rathi)


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


Anand Rathi
Incorporated in 1994, Anand Rathi is Mumbai, India based firm engaged in financial and advisory services which includes wealth management, investment banking, corporate advisory, brokerage & distribution of equities, commodities, mutual funds and insurance. Anand Rathi is a full service broker offering brokerage services to retail and institutional customers. Anand Rathi has a presence in India as well as internationally through offices in Dubai and Bangkok. Anand Rathi has network of 350+ br... Know more about Anand Rathi

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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
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Anand Rathi.
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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
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Bonanza Vs Anand Rathi Brokerage Charges & Plans

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
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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 No No
Charting Yes Yes
Automated Trading No Yes
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 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    Rate Bonanza 14 Customer Reviews    Rate Anand Rathi
Fees 3.4 3.2
Brokerage 3.3 3.2
Trading Platform 3.1 3.0
Customer Service 3.7 3.4
Research Capabilities 5.0 3.5
Overall Ratings Rated 3.6 stars Rated 3.1 stars
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
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Contact Broker / Request A Call Back

  Bonanza Enquire Anand Rathi Enquire
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Bonanza Vs Anand Rathi Investment Options

  Bonanza Anand Rathi
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 Anand Rathi Order Type Offered

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

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

  Bonanza Anand Rathi
Casual Investor
Active Investor Yes Yes
Trader Yes
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Bonanza Vs Anand Rathi - Pros and Cons

  Bonanza Anand Rathi
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. They have 200 branches for extensive reach.
  2. call & trade is also available.
  3. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  4. Trading is available in both BSE and NSE.
  5. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
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. AnandRathi brokerage is high and not negotiable.
  2. They don't offer 3 in 1 account.
  3. There are some extra charges for their featured products.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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