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Bonanza Vs AxisDirect (Compare Bonanza and AxisDirect)

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

Axis Securities Logo

About AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities

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Bonanza Vs AxisDirect

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 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

  Bonanza AxisDirect
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Year of Incorporation 1994 2006
Number of Branches 1784 56
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Bonanza Vs AxisDirect Charges & AMC

Bonanza trading account opening charges is Rs 999 while AxisDirect account opening changes is Rs 900. Bonanza Demat Account AMC Charges is Nil and AxisDirect Demat Account AMC Charges is Rs 650.

  Bonanza AxisDirect
Trading Account Opening Charges Rs 999 Rs 900
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Nil Rs 650

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Bonanza Vs AxisDirect Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

Account Type Bonanza Flat Brokerage Plan AxisDirect Standard Brokerage Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order 0.50%
Equity Intraday Rs 18 per executed order 0.05%
Equity Futures Rs 18 per executed order 0.05%
Equity Options Rs 18 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Rs 18 per executed order 0.05%
Currency Options Rs 18 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Rs 18 per executed order 0.03%
Commodity Options Rs 18 per executed order Rs 50 per lot
Special Offer

Bonanza Charges Vs AxisDirect

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

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Bonanza Vs AxisDirect 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 AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

  Bonanza AxisDirect
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) Rs 190 per Cr (0.0019%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) Rs 5000 per Cr (0.05%) (on premium)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)
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Bonanza Vs AxisDirect Leverage (Margin)

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

  Bonanza AxisDirect
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)
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Compare Bonanza and AxisDirect Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  Bonanza AxisDirect
3 in 1 Account No Yes
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) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15 3:15
Other Features
Referral Program Yes
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Bonanza Vs AxisDirect Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 78 customer reviews.

  Bonanza AxisDirect
  7 Customer Reviews    Rate Bonanza 78 Customer Reviews    Rate AxisDirect
Fees 3.4 2.0
Brokerage 3.3 1.8
Trading Platform 3.1 2.6
Customer Service 3.7 2.2
Research Capabilities 5.0 2.8
Overall Ratings Rated 3.6 stars Rated 2.1 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews AxisDirect is rated 2.1 of 5 based on 78 customer reviews

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Contact Broker / Request A Call Back

  Bonanza Enquire AxisDirect Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....

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Bonanza Vs AxisDirect Investment Options

  Bonanza AxisDirect
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 Loans, ETF, Corporate FD

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Bonanza Vs AxisDirect Order Type Offered

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

  Bonanza AxisDirect
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Bonanza Vs AxisDirect Suitable For Investor Type

  Bonanza AxisDirect
Casual Investor Yes
Active Investor Yes
Trader Yes

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Bonanza Vs AxisDirect - Pros and Cons

  Bonanza AxisDirect
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. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
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.
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
Reviews
Promo / Offers

AMC are waived off for the 1st year

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