Free Trading + Demat Account

Bonanza Vs Finvasia (Compare Bonanza and Finvasia)

The side-by-side comparison of Bonanza and Finvasia. Compare Bonanza Vs Finvasia brokerage, charges, exposure margin, demat account. Read Finvasia and Bonanza review.

Find out Bonanza Vs Finvasia which is better and Bonanza Vs Finvasia which is best.

Our Bonanza Portfolio Ltd comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Bonanza and Finvasia.

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Bonanza Vs Finvasia

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
 
Bonanza Portfolio Ltd Logo Finvasia Securities Pvt Ltd Logo
About the Broker 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 provide... Know more about Bonanza Portfolio Ltd Finvasia is India based technology–driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset manageme... Know more about Finvasia Securities Pvt Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Default Plan Standard
Broker Enquiry Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994 2013
Number of Branches 1784 1
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Bonanza Vs Finvasia Charges

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Trading Account Opening Fees Nil ₹0 (Free)
Trading Account AMC Nil ₹0 (Free)
Demat Account Opening Fees Nil ₹0 (Free)
Demat Account AMC Rs 250 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Bonanza Vs Finvasia Brokerage

Brokerage Plan 1

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Account Type Default Plan Standard
Fixed Charges
Equity Delivery Brokerage 0.10% ₹0
Equity Intraday Brokerage 0.005% ₹0
Equity Futures Brokerage 0.005% ₹0
Equity Options Brokerage Rs 15 per Lot ₹0
Currency Futures Trading Brokerage 0.0025% ₹0
Currency Options Trading Brokerage Rs 5 per lot ₹0
Commodity Futures Trading Brokerage 0.004% ₹0
Commodity Options Trading Brokerage

Brokerage Plan 2

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Account Type Plan 1000 Standard
Fixed Charges NA
Equity Delivery Brokerage 0.1% ₹0
Equity Intraday Brokerage 0.005% ₹0
Equity Futures Brokerage 0.005% ₹0
Equity Options Brokerage 15 per lot ₹0
Currency Futures Trading Brokerage .0025% ₹0
Currency Options Trading Brokerage 5 per lot ₹0
Commodity Futures Trading Brokerage 0.004% ₹0
Commodity Options Trading Brokerage

Brokerage Plan 3

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Account Type Plan 7500 Standard
Fixed Charges NA
Equity Delivery Brokerage 0.025% ₹0
Equity Intraday Brokerage 0.00312% ₹0
Equity Futures Brokerage 0.00312% ₹0
Equity Options Brokerage 10 per lot ₹0
Currency Futures Trading Brokerage 0.0015% ₹0
Currency Options Trading Brokerage 4 per lot ₹0
Commodity Futures Trading Brokerage 0.00208% ₹0
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0
Other Brokerage Charges None
Call & Trade Charges Rs 25 per trade ₹0
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Bonanza Vs Finvasia Taxes

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Bonanza Vs Finvasia Transaction Charges

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Equity Delivery NSE ₹325 | BSE ₹275 ₹325/crore
Equity Intraday NSE ₹325 | BSE ₹275 ₹325/crore
Equity Futures NSE ₹215 | BSE ₹75 ₹190/crore
Equity Options NSE ₹5750 | BSE ₹3250 ₹5000/crore of premium
Currency Futures NSE ₹135 | BSE ₹29 ₹115/crore
Currency Options NSE ₹4750 | BSE ₹754 ₹4000/crore of premium
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100 ₹260/crore
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Bonanza Vs Finvasia Exposure Margin

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Equity Delivery Upto 10x + Interest 1x
Equity Intraday Upto 10x up to 10x
Equity Futures Upto 3x 2x
Equity Options Upto 2x for shorting 1x
Currency Futures Upto 2x 1x
Currency Options Upto 2x for shorting 1x
Commodity Futures Upto 3x 2x
Commodity Options
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Bonanza and Finvasia Feature Comparison

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time 3:15 3:15 PM
Other Features Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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Bonanza Vs Finvasia Review

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
  5 Customer Reviews    Rate Bonanza 10 Customer Reviews    Rate Finvasia
Fees Ratings 2.8 4.5
Trading Brokerage Rating 3.0 4.8
Trading Platform Usability 3.2 3.1
Customer Service Ratings 3.4 4.7
Overall Ratings Rated 3.2 stars Rated 4.7 stars
Broker Rating Bonanza is Rated 3.2 / 5 based on 5 customer reviews Finvasia is Rated 4.7 / 5 based on 10 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Contact / Request Call Back
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Bonanza Vs Finvasia Investment Options

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
Debt No No
Other Investment Options Insurance
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Bonanza Vs Finvasia Customer Service

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat Yes Yes
Through Branches Yes No
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Bonanza Vs Finvasia Order Type Offered

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

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Bonanza Vs Finvasia Suitable For Investor Type

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Finvasia - Advantages and Disadvantages

  Bonanza Portfolio Ltd Finvasia Securities Pvt Ltd
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

More Advantages...

  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.

More Advantages...

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.

More Disadvantages...

  • Finvasia is an online stock broker. Except for Chandigarh, it doesn't have branch offices, partner office or franchises.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding. The company is planning to launch this service in future.
  • Leverage offered is on the lower side in comparison with other discount brokers.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.

More Disadvantages...

Reviews
Promo / Offers

AMC are waived off for the 1st year

Enquire about Bonanza Enquire about Finvasia
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