Bonanza Vs Fyers (Compare Bonanza and Fyers)


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


Fyers
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", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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Bonanza Vs Fyers

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 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  Bonanza Fyers
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS NSE, MCX
Year of Incorporation 1994 2015
Number of Branches 1784 0
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Fyers.
Enquire BonanzaOpen Fyers Account
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Bonanza Vs Fyers Charges & AMC

Bonanza trading account opening charges is Rs 999 while Fyers account opening changes is Rs 0 (Free). Bonanza Demat Account AMC Charges is Nil and Fyers Demat Account AMC Charges is Rs 300.

  Bonanza Fyers
Trading Account Opening Charges Rs 999 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Nil Rs 300
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Bonanza Vs Fyers Brokerage Charges & Plans

Bonanza Vs Fyers Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

  Bonanza Fyers
Account Type Flat Brokerage Plan Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order Rs 0 (Free)
Equity Intraday Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Equity Futures Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 18 per executed order Rs 20 per executed order
Currency Futures Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 18 per executed order Rs 20 per executed order
Commodity Futures Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 18 per executed order Rs 20 per executed order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Bonanza Charges Vs Fyers

Minimum Brokerage Intraday - .0001% and Delivery - .005% Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 25 per trade Rs 20 per trade
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Bonanza Vs Fyers 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 Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

  Bonanza Fyers
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 325 per Cr (0.00325%)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 325 per Cr (0.00325%)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) Rs 240 per Cr (0.0024%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) Rs 5900 per Cr (on premium) (0.059%)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) Rs 240 per Cr (0.0024%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) Rs 5900 per Cr (on premium) (0.059%)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) NA
Enquire BonanzaOpen Fyers Account
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Bonanza Vs Fyers 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 Fyers 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 Fyers
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 BonanzaOpen Fyers Account
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Compare Bonanza and Fyers Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Fyers offers Fyers One (In-house build) trading software.

  Bonanza Fyers
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 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
Enquire BonanzaOpen Fyers Account
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Bonanza Vs Fyers Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

  Bonanza Fyers
  7 Customer Reviews    Rate Bonanza 21 Customer Reviews    Rate Fyers
Fees 3.4 3.3
Brokerage 3.3 3.7
Trading Platform 3.1 3.2
Customer Service 3.7 3.4
Research Capabilities 5.0 1.7
Overall Ratings Rated 3.6 stars Rated 3.2 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Fyers is rated 3.2 of 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Fyers Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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Bonanza Vs Fyers Investment Options

  Bonanza Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 Order Type Offered

  Bonanza Fyers
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
Enquire BonanzaOpen Fyers Account
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Bonanza Vs Fyers Research Report

  Bonanza Fyers
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 Fyers
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Fyers - Pros and Cons

  Bonanza Fyers
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
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • 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!
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.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers

AMC are waived off for the 1st year

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Enquire BonanzaOpen Fyers Account

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