Bonanza Vs Choice Broking (Compare Bonanza and Choice Broking)


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


Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993. Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran... Know more about Choice Equity Broking Private Limited

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Bonanza Vs Choice Broking

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 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.

  Bonanza Choice Broking
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 1994 2010
Number of Branches 1784 50
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Choice Broking.
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Bonanza Vs Choice Broking Charges & AMC

Bonanza trading account opening charges is Rs 999 while Choice Broking account opening changes is Rs 0 (Free). Bonanza Demat Account AMC Charges is Nil and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Bonanza Choice Broking
Trading Account Opening Charges Rs 999 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Nil Rs 200 or as per plan. (1st year AMC free)
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Bonanza Vs Choice Broking Brokerage Charges & Plans

Bonanza Vs Choice Broking Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Bonanza Choice Broking
Account Type Flat Brokerage Plan Standard Plan
Fixed Charges
Equity Delivery Rs 18 per executed order 0.20%
Equity Intraday Rs 18 per executed order 0.02%
Equity Futures Rs 18 per executed order 0.02%
Equity Options Rs 18 per executed order Rs 25 per lot
Currency Futures Rs 18 per executed order 0.02%
Currency Options Rs 18 per executed order Rs 20 per lot
Commodity Futures Rs 18 per executed order 0.02%
Commodity Options Rs 18 per executed order Rs 50 per lot
Special Offer

Bonanza Charges Vs Choice Broking

Minimum Brokerage Intraday - .0001% and Delivery - .005%
Other Charges
Call & Trade Charges Rs 25 per trade Rs 0 (Free)
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Bonanza Vs Choice Broking 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 Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Bonanza Choice Broking
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) NSE Rs 4000 per crore (0.04%)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Bonanza Vs Choice Broking 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 Choice Broking 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 Choice Broking
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 Choice Broking Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Choice Broking offers Jiffy trading software.

  Bonanza Choice Broking
3 in 1 Account No No
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 Jiffy
Intraday Square-off Time 3:15 3:15 PM
Other Features
Referral Program Yes
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Bonanza Vs Choice Broking Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Bonanza Choice Broking
  7 Customer Reviews    Rate Bonanza 7 Customer Reviews    Rate Choice Broking
Fees 3.4 4.4
Brokerage 3.3 4.1
Trading Platform 3.1 4.4
Customer Service 3.7 4.0
Research Capabilities 5.0 4.2
Overall Ratings Rated 3.6 stars Rated 4.1 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Choice Broking Enquire
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Bonanza Vs Choice Broking Investment Options

  Bonanza Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No No
Other Investment Options Insurance Portfolio Management Services, Insurance
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Bonanza Vs Choice Broking Order Type Offered

  Bonanza Choice Broking
Bracket Order No No
Cover Order No No
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 Yes
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Bonanza Vs Choice Broking Research Report

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

  Bonanza Choice Broking
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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Bonanza Vs Choice Broking - Pros and Cons

  Bonanza Choice Broking
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
  • Zero Account opening fee.
  • Hassle free online Demat Account Opening.
  • Offers a wide range of investment products
  • Offers simple Trading Platforms to its customers.
  • Offers multiple AMC plan options with lifetime free AMC and refundable AMC options.
  • Free call and trade facility.
  • Provides Margin Trading Facility MTF Services.
  • Claim to have the most accurate and free research reports in the market with a 78% success ratio.
  • Offers online IPO application services.
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.
  • Do not have Flexi brokerage plans.
  • Does not offer 3-in-1 account services.
  • Advanced order types like BO, CO, GTC not available.
  • Margin calculator not available.
Reviews

Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS.

Promo / Offers

AMC are waived off for the 1st year

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