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About 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... 
About IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider 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 products as Stocks, Derivatives, Commodities, Insurance, FD...
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 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 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.
| Account Type | Bonanza Flat Brokerage Plan | IIFL Securities 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.
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| 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 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 margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the IIFL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Bonanza | IIFL Securities | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Enquire Bonanza | Open IIFL Securities Account |
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 |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| 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 is rated 3.6 of 5 based on 7 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 121 customer reviews.
| Bonanza | IIFL Securities | |
|---|---|---|
7 Customer Reviews  |
121 Customer Reviews |
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| Broker Rating | Bonanza is rated 3.6 of 5 based on 7 customer reviews | IIFL Securities is rated 2.7 of 5 based on 121 customer reviews |
| Bonanza Enquire | IIFL Securities Enquire | |
|---|---|---|
| Contact Broker | Leave your contact information and we will get in touch with you.... | 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 | IIFL Securities | |
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| IPO | |
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| Other Investment Options | Insurance | Insurance |
| Bonanza | IIFL Securities | |
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| Bracket Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Enquire Bonanza | Open IIFL Securities Account |
| Bonanza | IIFL Securities | |
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| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Bonanza | IIFL Securities | |
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| Bonanza | IIFL Securities | |
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| Promo / Offers | AMC are waived off for the 1st year |
Free Equity Delivery Trading + Free Account Opening
This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today. |
| Enquire Bonanza | Open IIFL Securities Account |
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