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
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
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Bonanza Vs IIFL Securities Charges & AMC

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

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

Bonanza Vs IIFL Securities Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹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
Equity Delivery Brokerage	₹18 per executed order	0.25%
Equity Intraday Brokerage	₹18 per executed order	0.025%
Equity Futures Brokerage	₹18 per executed order	0.025%
Equity Options Brokerage	₹18 per executed order	₹25 per lot
Currency Futures Trading Brokerage	₹18 per executed order	0.025% or ₹20 per lot
Currency Options Trading Brokerage	₹18 per executed order	₹8 per lot
Commodity Futures Trading Brokerage	₹18 per executed order	0.025%
Commodity Options Trading Brokerage	₹18 per executed order	Gold ₹125 | Silver ₹80 | Crude Oil ₹80
Special Offer		Special Offer: Open a FREE Demat & Trading Account (Save upto ₹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	₹18 per executed order	0.50%
Equity Intraday Brokerage	₹18 per executed order	0.05%
Equity Futures Brokerage	₹18 per executed order	0.05%
Equity Options Brokerage	₹18 per executed order	₹50 per lot
Currency Futures Trading Brokerage	₹18 per executed order	0.05% or ₹20 per lot
Currency Options Trading Brokerage	₹18 per executed order	₹10 per lot
Commodity Futures Trading Brokerage	₹18 per executed order	0.05%
Commodity Options Trading Brokerage	₹18 per executed order	Gold ₹150 | Silver ₹100 | Crude Oil ₹100
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Bonanza Vs IIFL Securities Brokerage Plan 3

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

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

Bonanza Vs IIFL Securities Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while IIFL Securities exchange transaction charges for options is ₹5100 per Cr (0.051%) (on premium).

	Bonanza	IIFL Securities
Equity Delivery	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	₹325 per Cr (0.00325%)
Equity Intraday	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	₹325 per Cr (0.00325%)
Equity Futures	NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)	₹210 per Cr (0.0021%)
Equity Options	NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)	₹5100 per Cr (0.051%) (on premium)
Currency Futures	NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)	₹210 per Cr (0.0021%)
Currency Options	NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)	₹5100 per Cr (0.051%) (on premium)
Commodity	MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)	Group A - ₹280 per Cr (0.0028%)
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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
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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

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)
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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 ₹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 ₹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.
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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