Bonanza Vs IIFL (Compare Bonanza and IIFL)
The side-by-side comparison of Bonanza and IIFL. Compare Bonanza Vs IIFL brokerage, charges, exposure margin, demat account. Read IIFL and Bonanza review.
Find out Bonanza Vs IIFL which is better and Bonanza Vs IIFL which is best.
Our Bonanza Portfolio Ltd comparison with IIFL Securities Limited highlights the major differences between two brokers. Find the best between Bonanza and IIFL.
Bonanza Vs IIFL
Bonanza
IIFL
Find more info about broker
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...
Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading.
IIFL off...
Type of Broker
Full Service Broker
Full Service Broker
Supported Exchnage
BSE, NSE, MCX, NCDEX, NFO, CDS
NSE, BSE, MCX
Account Type
Default Plan
Standard Account
Broker Enquiry
Year of Incorporation
1994
1996
Number of Branches
1784
900
Enquire Bonanza
Enquire IIFL
Bonanza Vs IIFL Charges
Bonanza
IIFL
Trading Account Opening Fees
Nil
₹750
Trading Account AMC
Nil
₹0
Demat Account Opening Fees
Nil
₹555
Demat Account AMC
₹250
₹ 400 (One time)
Demat Account is Mandatory?
No
No
Bonanza Vs IIFL Brokerage
Brokerage Plan 1
Bonanza
IIFL
Account Type
Default Plan
Standard Account
Fixed Charges
Equity Delivery Brokerage
0.10%
0.50%
Equity Intraday Brokerage
0.005%
0.05%
Equity Futures Brokerage
0.005%
0.05%
Equity Options Brokerage
₹15 per Lot
1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage
0.0025%
₹25 per lot
Currency Options Trading Brokerage
₹5 per lot
1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage
0.004%
0.05%
Commodity Options Trading Brokerage
Special Offer
Brokerage Plan 2
Bonanza
IIFL
Account Type
Plan 1000
Standard Account
Fixed Charges
Equity Delivery Brokerage
0.1%
0.50%
Equity Intraday Brokerage
0.005%
0.05%
Equity Futures Brokerage
0.005%
0.05%
Equity Options Brokerage
₹15 per lot
1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage
.0025%
₹25 per lot
Currency Options Trading Brokerage
₹5 per lot
1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage
0.004%
0.05%
Commodity Options Trading Brokerage
Brokerage Plan 3
Bonanza
IIFL
Account Type
Plan 7500
Standard Account
Fixed Charges
Equity Delivery Brokerage
0.025%
0.50%
Equity Intraday Brokerage
0.00312%
0.05%
Equity Futures Brokerage
0.00312%
0.05%
Equity Options Brokerage
₹10 per lot
1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage
0.0015%
₹25 per lot
Currency Options Trading Brokerage
₹4 per lot
1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage
0.00208%
0.05%
Commodity Options Trading Brokerage
Other Charges
Minimum Brokerage Charges
Intraday - .0001% and Delivery - .005%
₹0.05 per share
Other Brokerage Charges
Advisory SMS - ₹50 per month
Call & Trade Charges
₹25 per trade
₹50 per call
Bonanza Vs IIFL Taxes
Bonanza
IIFL
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)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Bonanza Vs IIFL Transaction Charges
Bonanza
IIFL
Equity Delivery
NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
0.00325%
Equity Intraday
NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
0.00325%
Equity Futures
NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
0.0021%
Equity Options
NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
0.051% on premium
Currency Futures
NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
0.0021%
Currency Options
NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
0.051% on premium
Commodity
MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
0.0028%
Bonanza Vs IIFL Exposure Margin
Bonanza
IIFL
Equity Delivery
Upto 10x + Interest
Upto 3x with 18% interest per year
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
Bonanza and IIFL Feature Comparison
Bonanza
IIFL
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
TT Exe, TT Web, IIFL Markets
Intraday Square-off Time
3:15
Other Features
Market Mantra, Loyalty Points
Referral Program
Bonanza Vs IIFL Review
Bonanza
IIFL
6 Customer Reviews
108 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Bonanza is Rated 3.3 / 5 based on 6 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews
Bonanza Vs IIFL Investment Options
Bonanza
IIFL
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Insurance
Bonanza Vs IIFL Customer Service
Bonanza
IIFL
24/7 Customer Service
Onine Live Chat
Through Branches
Bonanza Vs IIFL Order Type Offered
Bonanza
IIFL
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Bonanza Vs IIFL Research Report
Bonanza
IIFL
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Bonanza Vs IIFL Suitable For Investor Type
Bonanza
IIFL
Casual Investor
Active Investor
Trader
Bonanza Vs IIFL - Advantages and Disadvantages
Bonanza
IIFL
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
More Advantages...
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.
More Advantages...
Cons
Call & trade is charged extra at the rate of ₹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.
More Disadvantages...
SMS alerts at additional ₹249 per month
Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
India Infoline doesn't provide 3-in-1 account.
More Disadvantages...
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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