Bonanza Vs Choice Broking (Compare Bonanza and Choice Broking)

The side-by-side comparison of Bonanza and Choice Broking. Compare Bonanza Vs Choice Broking brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs 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
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX, ICDEX
Account Type Flat Brokerage Plan Standard Plan
Year of Incorporation 1994 2010
Number of Branches 1784 50
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Bonanza Vs Choice Broking Charges & AMC

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

  Bonanza Choice Broking
Trading Account Opening Charges ₹999 ₹0 (Free)
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges Nil ₹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 ₹18 per executed order and intraday is ₹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 Brokerage ₹18 per executed order 0.20%
Equity Intraday Brokerage ₹18 per executed order 0.02%
Equity Futures Brokerage ₹18 per executed order 0.02%
Equity Options Brokerage ₹18 per executed order ₹25 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.02%
Currency Options Trading Brokerage ₹18 per executed order ₹20 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.02%
Commodity Options Trading Brokerage ₹18 per executed order ₹50 per lot
Special Offer

Bonanza Charges Vs Choice Broking

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹25 per trade ₹0 (Free)
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Bonanza Vs Choice Broking Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Choice Broking exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

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

Bonanza provides the margin of Upto 10x for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  Bonanza Choice Broking
Equity Delivery Upto 10x + Interest 1x (no margin)
Equity Intraday Upto 10x Up to 20x
Equity Futures Upto 3x Up to 5x
Equity Options Upto 2x for shorting 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures Upto 2x Up to 3x
Currency Options Upto 2x for shorting 1x (no margin)
Commodity Futures Upto 3x Up to 5x
Commodity Options 1x (no margin)
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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 Available 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 4.7 of 5 based on 3 customer reviews.

  Bonanza Choice Broking
  7 Customer Reviews    Rate Bonanza 3 Customer Reviews    Rate Choice Broking
Fees 3.4 4.7
Trading Brokerage 3.3 4.3
Trading Platform Usability 3.1 4.7
Customer Service 3.7 4.3
Research Capabilities 5.0 5.0
Overall Ratings Rated 3.6 stars Rated 4.7 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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Bonanza Vs Choice Broking Investment Options

  Bonanza Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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 ₹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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