Bonanza Vs IIFL Securities (Compare Bonanza and IIFL Securities)

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
Exchnage Membership	BSE, NSE, MCX, NCDEX, NFO, CDS	NSE, BSE, MCX
Year of Incorporation	1994	1996
Number of Branches	1784	900
	Enquire Bonanza	Open IIFL Securities Account

Bonanza Vs IIFL Securities Charges & AMC

Bonanza trading account opening charges is Rs 999 while IIFL Securities account opening changes is Rs 0 (Free). Bonanza Demat Account AMC Charges is Nil and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

	Bonanza	IIFL Securities
Trading Account Opening Charges	Rs 999	Rs 0 (Free)
Trading Account AMC Charges	Nil	Rs 0
Demat Account Opening Charges	Nil	Rs 0
Demat Account AMC Charges	Nil	Rs 250 (Free for 1st year)

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 Rs 0 (Free) and intraday is Rs 20 per order.

	Bonanza	IIFL Securities
Account Type	Flat Brokerage Plan	iServe
Fixed Charges		NA
Equity Delivery	Rs 18 per executed order	Rs 0 (Free)
Equity Intraday	Rs 18 per executed order	Rs 20 per order
Equity Futures	Rs 18 per executed order	Rs 20 per order
Equity Options	Rs 18 per executed order	Rs 20 per order
Currency Futures	Rs 18 per executed order	Rs 20 per order
Currency Options	Rs 18 per executed order	Rs 20 per order
Commodity Futures	Rs 18 per executed order	Rs 20 per order
Commodity Options	Rs 18 per executed order	Rs 20 per order
Special Offer		Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Bonanza Charges Vs IIFL Securities

Minimum Brokerage	Intraday - .0001% and Delivery - .005%
Other 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	Open IIFL Securities Account

Bonanza Vs IIFL Securities 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 IIFL Securities 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	IIFL Securities
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 Bonanza	Open IIFL Securities Account

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
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	Open IIFL Securities Account

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 118 customer reviews.

	Bonanza	IIFL Securities
	7 Customer Reviews	118 Customer Reviews
Fees
Brokerage
Trading Platform
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 118 customer reviews

Bonanza Vs IIFL Securities Investment Options

	Bonanza	IIFL Securities
Stock / Equity
Commodity
Currency
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	Open IIFL Securities Account

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	Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. IIFL Securities 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.
Reviews
Promo / Offers	AMC are waived off for the 1st year	Free Equity Delivery Trading + Free Account Opening Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O + Trade with the best rated mobile trading app. This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.
	Enquire Bonanza	Open IIFL Securities Account