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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...

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...

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
	Enquire Bonanza	Enquire IIFL Securities

Bonanza Vs IIFL Securities Charges & AMC

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

	Bonanza	IIFL Securities
Trading Account Opening Charges	Rs 999	Rs 250 (Currently waived off)
Trading Account AMC Charges	Nil	Rs 0
Demat Account Opening Charges	Nil	Rs 0
Demat Account AMC Charges	Nil	Rs 250 (Free for first year)

Bonanza Vs IIFL Securities Brokerage Charges & Plans

Bonanza Vs IIFL Securities Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 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		NA
Equity Delivery Brokerage	Rs 18 per executed order	0.25%
Equity Intraday Brokerage	Rs 18 per executed order	0.025%
Equity Futures Brokerage	Rs 18 per executed order	0.025%
Equity Options Brokerage	Rs 18 per executed order	Rs 25 per lot
Currency Futures Trading Brokerage	Rs 18 per executed order	0.025% or Rs 20 per lot
Currency Options Trading Brokerage	Rs 18 per executed order	Rs 8 per lot
Commodity Futures Trading Brokerage	Rs 18 per executed order	0.025%
Commodity Options Trading Brokerage	Rs 18 per executed order	Gold Rs 125 \| Silver Rs 80 \| Crude Oil Rs 80
Special Offer		Special Offer: Open a FREE Demat & Trading Account (Save upto Rs 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	Rs 18 per executed order	0.50%
Equity Intraday Brokerage	Rs 18 per executed order	0.05%
Equity Futures Brokerage	Rs 18 per executed order	0.05%
Equity Options Brokerage	Rs 18 per executed order	Rs 50 per lot
Currency Futures Trading Brokerage	Rs 18 per executed order	0.05% or Rs 20 per lot
Currency Options Trading Brokerage	Rs 18 per executed order	Rs 10 per lot
Commodity Futures Trading Brokerage	Rs 18 per executed order	0.05%
Commodity Options Trading Brokerage	Rs 18 per executed order	Gold Rs 150 \| Silver Rs 100 \| Crude Oil Rs 100
	Enquire Bonanza	Enquire IIFL Securities

Bonanza Vs IIFL Securities Brokerage Plan 3

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

Bonanza Charges Vs IIFL Securities

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

Bonanza Vs IIFL Securities 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 IIFL Securities exchange transaction charges for options is Rs 5100 per Cr (0.051%) (on premium).

	Bonanza	IIFL Securities
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 210 per Cr (0.0021%)
Equity Options	NSE Rs 5750 per Cr (0.0575%) \| BSE Rs 3250 per Cr (0.0325%) (on premium)	Rs 5100 per Cr (0.051%) (on premium)
Currency Futures	NSE Rs 135 per Cr (0.00135%) \| BSE Rs 29 per Cr (0.00029%)	Rs 210 per Cr (0.0021%)
Currency Options	NSE Rs 4750 per Cr (0.0475%) \| BSE Rs 754 per Cr (0.00754%) (on premium)	Rs 5100 per Cr (0.051%) (on premium)
Commodity	MCX - Non Agri Rs 235 per Cr (0.00235%) \| MCX - Agri Rs 100 per Cr (0.001%)	Group A - Rs 280 per Cr (0.0028%)
	Enquire Bonanza	Enquire IIFL Securities

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		Upto 3x
	Enquire Bonanza	Enquire IIFL Securities

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Enquire Bonanza	Enquire IIFL Securities

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	112 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Contact Broker / Request A Call Back

	Bonanza Enquire	IIFL Securities Enquire
Contact Broker	Leave your contact information and we will get in touch with you.... Name Phone # Email City Name State Are you a day trader?	Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer Name Phone # Email City Name State Are you a day trader?

Bonanza Vs IIFL Securities Investment Options

	Bonanza	IIFL Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Insurance

Bonanza Vs IIFL Securities Order Type Offered

	Bonanza	IIFL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Enquire Bonanza	Enquire IIFL Securities

Bonanza Vs IIFL Securities Research Report

	Bonanza	IIFL Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs IIFL Securities Suitable For Investor Type

	Bonanza	IIFL Securities
Casual Investor
Active Investor
Trader

Bonanza Vs IIFL Securities - Pros and Cons

	Bonanza	IIFL Securities
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	4000+ branches in 900+ cities make them your neighborhood broker. Being a full service broker, they offer wide range of financial products and services. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
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.	SMS alerts at additional Rs 249 per month Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL. 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 Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
	Enquire Bonanza	Enquire IIFL Securities

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