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Bonanza Vs India Infoline (IIFL) (Compare Bonanza and India Infoline (IIFL))

The side-by-side comparison of Bonanza and India Infoline (IIFL). Compare Bonanza Vs India Infoline (IIFL) brokerage, charges, exposure margin, demat account. Read India Infoline (IIFL) and Bonanza review.

Find out Bonanza Vs India Infoline (IIFL) which is better and Bonanza Vs India Infoline (IIFL) which is best.

Our Bonanza Portfolio Ltd comparison with India Infoline Limited highlights the major differences between two brokers. Find the best between Bonanza and India Infoline (IIFL).

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Bonanza Vs India Infoline (IIFL)

  Bonanza Portfolio Ltd India Infoline Limited
 
Bonanza Portfolio Ltd Logo India Infoline Limited Logo
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... Know more about Bonanza Portfolio Ltd 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... Know more about India Infoline Limited
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 Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you. Open an Online Trading Account with India Infoline (IIFL). Leave your contact info and we will get in touch with you.
Year of Incorporation
Number of Branches
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Bonanza Vs India Infoline (IIFL) Charges

  Bonanza Portfolio Ltd India Infoline Limited
Trading Account Opening Fees Nil ₹750
Trading Account AMC Nil ₹0
Demat Account Opening Fees Nil ₹555
Demat Account AMC Rs 250 ₹ 555 (One time)
Demat Account is Mandatory? No No
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Bonanza Vs India Infoline (IIFL) Brokerage

Brokerage Plan 1

  Bonanza Portfolio Ltd India Infoline Limited
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 Portfolio Ltd India Infoline Limited
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 Portfolio Ltd India Infoline Limited
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
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Bonanza Vs India Infoline (IIFL) Taxes

  Bonanza Portfolio Ltd India Infoline Limited
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)
  • 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 Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Bonanza Vs India Infoline (IIFL) Transaction Charges

  Bonanza Portfolio Ltd India Infoline Limited
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%
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Bonanza Vs India Infoline (IIFL) Exposure Margin

  Bonanza Portfolio Ltd India Infoline Limited
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 Upto 3x Upto 3x
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Bonanza and India Infoline (IIFL) Feature Comparison

  Bonanza Portfolio Ltd India Infoline Limited
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
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
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Bonanza Vs India Infoline (IIFL) Review

  Bonanza Portfolio Ltd India Infoline Limited
  5 Customer Reviews    Rate Bonanza 103 Customer Reviews    Rate India Infoline (IIFL)
Fees Ratings 2.8 2.9
Trading Brokerage Rating 3.0 2.7
Trading Platform Usability 3.2 3.3
Customer Service Ratings 3.4 2.7
Overall Ratings Rated 3.2 stars Rated 2.7 stars
Broker Rating Bonanza is Rated 3.2 / 5 based on 5 customer reviews India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Portfolio Ltd India Infoline Limited
Contact / Request Call Back
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Bonanza Vs India Infoline (IIFL) Investment Options

  Bonanza Portfolio Ltd India Infoline Limited
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No
Debt No Yes
Other Investment Options Insurance
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Bonanza Vs India Infoline (IIFL) Customer Service

  Bonanza Portfolio Ltd India Infoline Limited
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Bonanza Vs India Infoline (IIFL) Order Type Offered

  Bonanza Portfolio Ltd India Infoline Limited
Bracket Order No No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes
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Bonanza Vs India Infoline (IIFL) Research Report

  Bonanza Portfolio Ltd India Infoline Limited
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs India Infoline (IIFL) Suitable For Investor Type

  Bonanza Portfolio Ltd India Infoline Limited
Casual Investor Yes
Active Investor Yes
Trader Yes
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Bonanza Vs India Infoline (IIFL) - Advantages and Disadvantages

  Bonanza Portfolio Ltd India Infoline Limited
Pros
  1. Multiple fee structure to fulfill need of different type of investors.
  2. Offers 2 in 1 account which is Trading cum Demat account
  3. Bonanza offers add-on services like online bidding for IPO and mutual funds

More Advantages...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

Cons
  1. Call & trade is charged extra at the rate of Rs 25 per trade.
  2. Bonanza doesn't offer any Referral program.
  3. Customer reported hidden charges and fees which was not explained at the time of account opening.

More Disadvantages...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. 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
Enquire about Bonanza Enquire about India Infoline (IIFL)
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