Bonanza Vs Edelweiss (Compare Bonanza and Edelweiss)

Bonanza Vs Edelweiss

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 2002, Edelweiss is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.

	Bonanza	Edelweiss
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnages	BSE, NSE, MCX, NCDEX, NFO, CDS	BSE, NSE, MCX, NCDEX
Account Type	Flat Brokerage Plan	Edelweiss Lite
Year of Incorporation	1994	2002
Number of Branches	1784	237
Broker Enquiry
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Bonanza Vs Edelweiss Charges & AMC

Bonanza trading account opening charges is ₹999 while Edelweiss account opening changes is ₹0 (Free). Bonanza Demat Account AMC Charges is Nil and Edelweiss Demat Account AMC Charges is ₹500 (1st Year Free).

	Bonanza	Edelweiss
Trading Account Opening Charges	₹999	₹0 (Free)
Trading Account AMC Charges	Nil	₹0
Demat Account Opening Charges	Nil	₹0 (Free)
Demat Account AMC Charges	Nil	₹500 (1st Year Free)

Bonanza Vs Edelweiss Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas Edelweiss brokerage charges for equity is ₹10 per executed order and intraday is ₹10 per executed order.

	Bonanza	Edelweiss
Account Type	Flat Brokerage Plan	Edelweiss Lite
Fixed Charges
Equity Delivery Brokerage	₹18 per executed order	₹10 per executed order
Equity Intraday Brokerage	₹18 per executed order	₹10 per executed order
Equity Futures Brokerage	₹18 per executed order	₹10 per executed order
Equity Options Brokerage	₹18 per executed order	₹10 per executed order
Currency Futures Trading Brokerage	₹18 per executed order	₹10 per executed order
Currency Options Trading Brokerage	₹18 per executed order	₹10 per executed order
Commodity Futures Trading Brokerage	₹18 per executed order
Commodity Options Trading Brokerage	₹18 per executed order
Special Offer		Special Offer: [Full-service Discount Brokerage Plan] Trade @ flat ₹10 per order. Get free trading and demat account. Request a Callback.

Bonanza Vs Edelweiss Brokerage Plan 2

	Bonanza	Edelweiss
Account Type	Flat Brokerage Plan	Edelweiss Elite
Fixed Charges
Equity Delivery Brokerage	₹18 per executed order	0.30%
Equity Intraday Brokerage	₹18 per executed order	0.03%
Equity Futures Brokerage	₹18 per executed order	0.03%
Equity Options Brokerage	₹18 per executed order	₹75 per lot
Currency Futures Trading Brokerage	₹18 per executed order	0.02%
Currency Options Trading Brokerage	₹18 per executed order	₹22 per lot
Commodity Futures Trading Brokerage	₹18 per executed order
Commodity Options Trading Brokerage	₹18 per executed order
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Bonanza Charges Vs Edelweiss

Minimum Brokerage Charges	Intraday - .0001% and Delivery - .005%	0.03% Equity delivery, 0.01% Intra-day and Futures
Other Brokerage Charges		Margin Funding: 0.08%/day, Research: ₹50 per month,
Call & Trade Charges	₹25 per trade	₹20 per call

Bonanza Vs Edelweiss Transaction Charges

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

	Bonanza	Edelweiss
Equity Delivery	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures	NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)	NSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
Equity Options	NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)	NSE ₹5000 per Cr (0.05%) | BSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures	NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)	NSE ₹115 per Cr (0.00115%) | BSE ₹115 per Cr (0.00115%)
Currency Options	NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)	₹4000 per Cr (0.04%) (on premium)
Commodity	MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
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Bonanza Vs Edelweiss Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Edelweiss margin for intraday cash is Up to 40x.

	Bonanza	Edelweiss
Equity Delivery	Upto 10x + Interest	Up to 10x
Equity Intraday	Upto 10x	Up to 40x
Equity Futures	Upto 3x	40x
Equity Options	Upto 2x for shorting	Nil
Currency Futures	Upto 2x	1.5x
Currency Options	Upto 2x for shorting	Nil
Commodity Futures	Upto 3x	Up to 6x
Commodity Options
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Compare Bonanza and Edelweiss Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Edelweiss offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress trading software.

	Bonanza	Edelweiss
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Omnesys NEST Trader, My E Trade, My E Trade Mobile App	Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress
Intraday Square-off Time	3:15	3:00 PM
Other Features
Referral Program
	Enquire Bonanza	Enquire Edelweiss

Bonanza Vs Edelweiss Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Edelweiss is rated 3.0 of 5 based on 51 customer reviews.

	Bonanza	Edelweiss
	7 Customer Reviews	51 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Bonanza is rated 3.6 of 5 based on 7 customer reviews	Edelweiss is rated 3.0 of 5 based on 51 customer reviews

Bonanza Vs Edelweiss Investment Options

	Bonanza	Edelweiss
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Bonanza Vs Edelweiss Order Type Offered

	Bonanza	Edelweiss
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 Edelweiss Research Report

	Bonanza	Edelweiss
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs Edelweiss Suitable For Investor Type

	Bonanza	Edelweiss
Casual Investor
Active Investor
Trader

Bonanza Vs Edelweiss - Pros and Cons

	Bonanza	Edelweiss
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	Full-service broker offering discount brokerage plan. Trade at flat ₹10 per executed order across all segments in Edelweiss Lite Plan. Instant online account opening: Open your Investing & Trading account in less than 15 minutes. Offer commodity trading on the same trading platform. Free research and trading tips call to all the customers. Online IPO application.
Cons	Call & trade is charged extra at the rate of ₹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.	The bracket orders are not available. Good Till canceled orders are not available. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures Call & Trade is available at an additional cost of ₹20 per call.
Reviews
Promo / Offers	AMC are waived off for the 1st year	Edelweiss Lite (Discount Brokerage Plan) + Free Trading & Demat Account (for limited time only) Edelweiss offers FREE Trading + Demat Account. Get a discount trading plan offering trading @ ₹10 per order flat rate. Save over 60% on brokerage in comparison of other full-service brokers. This is a limited time offer. Simply leave your contact information with us and Edelweiss representatives will contact you.
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