Bonanza Vs IIFL Securities (Compare Bonanza and IIFL Securities)

The side-by-side comparison of Bonanza and IIFL Securities. Compare Bonanza Vs IIFL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs IIFL Securities?


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


IIFL Securities
Incorporated in 1995, IIFL Securities, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial pr... Know more about IIFL Securities Ltd

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Bonanza Vs IIFL Securities

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 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

  Bonanza IIFL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX
Account Type Flat Brokerage Plan Investor Plan (Online Plus)
Year of Incorporation 1994 1996
Number of Branches 1784 900
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 IIFL Securities. Leave your contact info and we will get in touch with you.
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Bonanza Vs IIFL Securities Charges & AMC

Bonanza trading account opening charges is ₹999 while IIFL Securities account opening changes is ₹250 (Currently waived off). Bonanza Demat Account AMC Charges is Nil and IIFL Securities Demat Account AMC Charges is ₹250 (Free for first year).

  Bonanza IIFL Securities
Trading Account Opening Charges ₹999 ₹250 (Currently waived off)
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹0
Demat Account AMC Charges Nil ₹250 (Free for first year)
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Bonanza Vs IIFL Securities Brokerage Charges & Plans

Bonanza Vs IIFL Securities Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025%.

  Bonanza IIFL Securities
Account Type Flat Brokerage Plan Investor Plan (Online Plus)
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order 0.25%
Equity Intraday Brokerage ₹18 per executed order 0.025%
Equity Futures Brokerage ₹18 per executed order 0.025%
Equity Options Brokerage ₹18 per executed order ₹25 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.025% or ₹20 per lot
Currency Options Trading Brokerage ₹18 per executed order ₹8 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.025%
Commodity Options Trading Brokerage ₹18 per executed order Gold ₹125 | Silver ₹80 | Crude Oil ₹80
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Bonanza Vs IIFL Securities Brokerage Plan 2

  Bonanza IIFL Securities
Account Type Flat Brokerage Plan Premium Plan (Dedicated RM)
Fixed Charges NA
Equity Delivery Brokerage ₹18 per executed order 0.50%
Equity Intraday Brokerage ₹18 per executed order 0.05%
Equity Futures Brokerage ₹18 per executed order 0.05%
Equity Options Brokerage ₹18 per executed order ₹50 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.05% or ₹20 per lot
Currency Options Trading Brokerage ₹18 per executed order ₹10 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.05%
Commodity Options Trading Brokerage ₹18 per executed order Gold ₹150 | Silver ₹100 | Crude Oil ₹100
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Bonanza Vs IIFL Securities Brokerage Plan 3

  Bonanza IIFL Securities
Account Type Flat Brokerage Plan Super Trader Plan (Pro Traders)
Fixed Charges ₹999
Equity Delivery Brokerage ₹18 per executed order 0.10%
Equity Intraday Brokerage ₹18 per executed order 0.01%
Equity Futures Brokerage ₹18 per executed order 0.01%
Equity Options Brokerage ₹18 per executed order flat ₹10 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.015% or ₹15 per lot
Currency Options Trading Brokerage ₹18 per executed order flat ₹5 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.015%
Commodity Options Trading Brokerage ₹18 per executed order Gold ₹80 | Silver ₹50 | Crude Oil ₹50
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Bonanza Charges Vs IIFL Securities

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0.05 per share (₹25 Min)
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹25 per trade ₹50 per call
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Bonanza Vs IIFL Securities Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while IIFL Securities exchange transaction charges for options is ₹5100 per Cr (0.051%) (on premium).

  Bonanza IIFL Securities
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) ₹325 per Cr (0.00325%)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) ₹325 per Cr (0.00325%)
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) ₹210 per Cr (0.0021%)
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) ₹5100 per Cr (0.051%) (on premium)
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) ₹210 per Cr (0.0021%)
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) ₹5100 per Cr (0.051%) (on premium)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) Group A - ₹280 per Cr (0.0028%)
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Bonanza Vs IIFL Securities Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the IIFL Securities margin for intraday cash is Upto 20x.

  Bonanza IIFL Securities
Equity Delivery Upto 10x + Interest Upto 3x (18% Annual Interest)
Equity Intraday Upto 10x Upto 20x
Equity Futures Upto 3x Upto 3x
Equity Options Upto 2x for shorting 3x for shorting
Currency Futures Upto 2x Upto 2x
Currency Options Upto 2x for shorting 2x for shorting
Commodity Futures Upto 3x Upto 3x
Commodity Options
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Compare Bonanza and IIFL Securities Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

  Bonanza IIFL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time 3:15
Other Features
Referral Program
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Bonanza Vs IIFL Securities Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 112 customer reviews.

  Bonanza IIFL Securities
  7 Customer Reviews    Rate Bonanza 112 Customer Reviews    Rate IIFL Securities
Fees 3.4 2.9
Trading Brokerage 3.3 2.6
Trading Platform Usability 3.1 3.3
Customer Service 3.7 2.8
Research Capabilities 5.0 3.6
Overall Ratings Rated 3.6 stars Rated 2.7 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews IIFL Securities is rated 2.7 of 5 based on 112 customer reviews
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Bonanza Vs IIFL Securities Investment Options

  Bonanza IIFL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance Insurance
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Bonanza Vs IIFL Securities Order Type Offered

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

  Bonanza IIFL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs IIFL Securities Suitable For Investor Type

  Bonanza IIFL Securities
Casual Investor
Active Investor Yes
Trader Yes Yes
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Bonanza Vs IIFL Securities - Pros and Cons

  Bonanza IIFL Securities
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
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
Cons
  1. Call & trade is charged extra at the rate of ₹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.
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.
Reviews
Promo / Offers

AMC are waived off for the 1st year

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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