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
Exchnage Membership	BSE, NSE, MCX, NCDEX, NFO, CDS	BSE, NSE, MCX, NCDEX
Year of Incorporation	1994	2002
Number of Branches	1784	237
	Enquire Bonanza	Open Edelweiss Account

Bonanza Vs Edelweiss Charges & AMC

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

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

Bonanza Vs Edelweiss Brokerage

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

	Bonanza	Edelweiss
Account Type	Flat Brokerage Plan	Edelweiss Lite
Fixed Charges		NA
Equity Delivery	Rs 18 per executed order	Rs 10 per executed order
Equity Intraday	Rs 18 per executed order	Rs 10 per executed order
Equity Futures	Rs 18 per executed order	Rs 10 per executed order
Equity Options	Rs 18 per executed order	Rs 10 per executed order
Currency Futures	Rs 18 per executed order	Rs 10 per executed order
Currency Options	Rs 18 per executed order	Rs 10 per executed order
Commodity Futures	Rs 18 per executed order
Commodity Options	Rs 18 per executed order
Special Offer		Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

Bonanza Vs Edelweiss Brokerage Plan 2

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

Bonanza Charges Vs Edelweiss

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

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

	Bonanza	Edelweiss
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 275 per Cr (0.00275%) (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 275 per Cr (0.00275%) (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 190 per Cr (0.0019%) (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 5000 per Cr (0.05%) (on premium)
Currency Futures	NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)	NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%)
Currency Options	NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)	Rs 4000 per Cr (0.04%) (on premium)
Commodity	MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)
	Enquire Bonanza	Open Edelweiss Account

Bonanza Vs Edelweiss 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 Edelweiss 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	Edelweiss
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)
	Enquire Bonanza	Open Edelweiss Account

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
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	Open Edelweiss Account

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 65 customer reviews.

	Bonanza	Edelweiss
	7 Customer Reviews	65 Customer Reviews
Fees
Brokerage
Trading Platform
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 65 customer reviews

Bonanza Vs Edelweiss Investment Options

	Bonanza	Edelweiss
Stock / Equity
Commodity
Currency
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)
	Enquire Bonanza	Open Edelweiss Account

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 Rs 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 Rs 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 Rs 20 per call.
Reviews
Promo / Offers	AMC are waived off for the 1st year	Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only) Flat Rs 10 per trade across all segments. FREE Research and Trading Tips. Margin against share and Margin Funding available. It is a limited-time offer. Open FREE Edelweiss Account online in just 15 Minutes.
	Enquire Bonanza	Open Edelweiss Account