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.
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
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
Rs 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
Rs 15 per Lot
1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage
0.0025%
Rs 25 per lot
Currency Options Trading Brokerage
Rs 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 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%
Rs 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%
Rs 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%
Rs 0.05 per share
Other Brokerage Charges
Advisory SMS - Rs 50 per month
Call & Trade Charges
Rs 25 per trade
Rs 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 | BSE ₹275
0.00325%
Equity Intraday
NSE ₹325 | BSE ₹275
0.00325%
Equity Futures
NSE ₹215 | BSE ₹75
0.0021%
Equity Options
NSE ₹5750 | BSE ₹3250
0.051% on premium
Currency Futures
NSE ₹135 | BSE ₹29
0.0021%
Currency Options
NSE ₹4750 | BSE ₹754
0.051% on premium
Commodity
MCX - Non Agri ₹235 | MCX - Agri ₹100
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
105 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Bonanza is Rated 3.3 / 5 based on 6 customer reviews
IIFL is Rated 2.7 / 5 based on 105 customer reviews
Contact Broker / Request A Call Back
Bonanza Enquire
IIFL Enquire
Contact Broker
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
Zerodha
Zero Account Opening Fee