Free Trading + Demat Account

Bonanza Vs Fyers (Compare Bonanza and Fyers)

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

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

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

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Bonanza Vs Fyers

  Bonanza Portfolio Ltd Fyers Securities Ltd
 
Bonanza Portfolio Ltd Logo Fyers Securities 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 Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representi... Know more about Fyers Securities Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS NSE, MCX
Account Type Default Plan Flat Fee Brokerage Plan
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 Fyers. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994 2015
Number of Branches 1784 0
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Bonanza Vs Fyers Charges

  Bonanza Portfolio Ltd Fyers Securities 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 ₹400
Demat Account is Mandatory? No No
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Bonanza Vs Fyers Brokerage

Brokerage Plan 1

  Bonanza Portfolio Ltd Fyers Securities Ltd
Account Type Default Plan Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.10% ₹0 (Free)
Equity Intraday Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage Rs 15 per Lot ₹20 per executed order
Currency Futures Trading Brokerage 0.0025% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage Rs 5 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.004% NA
Commodity Options Trading Brokerage

Brokerage Plan 2

  Bonanza Portfolio Ltd Fyers Securities Ltd
Account Type Plan 1000 Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.1% ₹0 (Free)
Equity Intraday Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 15 per lot ₹20 per executed order
Currency Futures Trading Brokerage .0025% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage 5 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.004% NA
Commodity Options Trading Brokerage

Brokerage Plan 3

  Bonanza Portfolio Ltd Fyers Securities Ltd
Account Type Plan 7500 Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.025% ₹0 (Free)
Equity Intraday Brokerage 0.00312% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.00312% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 10 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.0015% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage 4 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.00208% NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005%
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges Rs 25 per trade ₹20 per trade
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Bonanza Vs Fyers Taxes

  Bonanza Portfolio Ltd Fyers Securities 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 Fyers Transaction Charges

  Bonanza Portfolio Ltd Fyers Securities Ltd
Equity Delivery NSE ₹325 | BSE ₹275 ₹325 per crore (0.00325%)
Equity Intraday NSE ₹325 | BSE ₹275 ₹325 per crore (0.00325%)
Equity Futures NSE ₹215 | BSE ₹75 ₹240 per crore (0.0024%)
Equity Options NSE ₹5750 | BSE ₹3250 ₹5900 per crore (on premium) (0.059%)
Currency Futures NSE ₹135 | BSE ₹29 ₹240 per crore (0.0024%)
Currency Options NSE ₹4750 | BSE ₹754 ₹5900 per crore (on premium) (0.059%)
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100 NA
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Bonanza Vs Fyers Exposure Margin

  Bonanza Portfolio Ltd Fyers Securities Ltd
Equity Delivery Upto 10x + Interest 1 times
Equity Intraday Upto 10x Up to 16x (based on the stock)
Equity Futures Upto 3x Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 2x for shorting Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures Upto 2x Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Upto 2x for shorting Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures Upto 3x NA
Commodity Options
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Bonanza and Fyers Feature Comparison

  Bonanza Portfolio Ltd Fyers Securities Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
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 Fyers One (In-house build)
Intraday Square-off Time 3:15 3:20 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Bonanza Vs Fyers Review

  Bonanza Portfolio Ltd Fyers Securities Ltd
  5 Customer Reviews    Rate Bonanza 10 Customer Reviews    Rate Fyers
Fees Ratings 2.8 3.3
Trading Brokerage Rating 3.0 3.9
Trading Platform Usability 3.2 3.2
Customer Service Ratings 3.4 4.1
Overall Ratings Rated 3.2 stars Rated 3.7 stars
Broker Rating Bonanza is Rated 3.2 / 5 based on 5 customer reviews Fyers is Rated 3.7 / 5 based on 10 customer reviews
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Contact Broker / Request A Call Back

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

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

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

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

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

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

  Bonanza Portfolio Ltd Fyers Securities 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...

  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!

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...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

Reviews
Promo / Offers

AMC are waived off for the 1st year

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Enquire about Bonanza Enquire about Fyers
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