Bonanza Vs Indira Securities (Compare Bonanza and Indira Securities)

Bonanza Vs Indira 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 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

	Bonanza	Indira Securities
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnages	BSE, NSE, MCX, NCDEX, NFO, CDS	BSE, NSE, MCX and NCDEX
Account Type	Flat Brokerage Plan	Traditional Plan
Year of Incorporation	1994	1987
Number of Branches	1784	335
Broker Enquiry

Bonanza Vs Indira Securities Charges & AMC

Bonanza trading account opening charges is ₹999 while Indira Securities account opening changes is ₹0 (Free). Bonanza Demat Account AMC Charges is Nil and Indira Securities Demat Account AMC Charges is ₹450 (Free for 1st year).

	Bonanza	Indira Securities
Trading Account Opening Charges	₹999	₹0 (Free)
Trading Account AMC Charges	Nil	₹0 (Free)
Demat Account Opening Charges	Nil	₹0 (Free)
Demat Account AMC Charges	Nil	₹450 (Free for 1st year)

Bonanza Vs Indira Securities Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

	Bonanza	Indira Securities
Account Type	Flat Brokerage Plan	Traditional Plan
Fixed Charges
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	₹25 per lot (both side)
Currency Futures Trading Brokerage	₹18 per executed order	0.01%
Currency Options Trading Brokerage	₹18 per executed order	₹25 per lot (both side)
Commodity Futures Trading Brokerage	₹18 per executed order	0.01%
Commodity Options Trading Brokerage	₹18 per executed order	₹25 per lot (both side)
Special Offer		Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Bonanza Vs Indira Securities Brokerage Plan 2

	Bonanza	Indira Securities
Account Type	Flat Brokerage Plan	Discount Brokerage Plan
Fixed Charges		NA
Equity Delivery Brokerage	₹18 per executed order	₹20 per executed order
Equity Intraday Brokerage	₹18 per executed order	₹20 per executed order
Equity Futures Brokerage	₹18 per executed order	₹20 per executed order
Equity Options Brokerage	₹18 per executed order	₹20 per executed order
Currency Futures Trading Brokerage	₹18 per executed order	₹20 per executed order
Currency Options Trading Brokerage	₹18 per executed order	₹20 per executed order
Commodity Futures Trading Brokerage	₹18 per executed order	₹20 per executed order
Commodity Options Trading Brokerage	₹18 per executed order	₹20 per executed order

Bonanza Charges Vs Indira Securities

Minimum Brokerage Charges	Intraday - .0001% and Delivery - .005%	₹20 per executed order
Other Brokerage Charges
Call & Trade Charges	₹25 per trade	₹0 (Free)

Bonanza Vs Indira Securities Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Indira Securities exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

	Bonanza	Indira Securities
Equity Delivery	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	NSE ₹325 per Cr (0.00325%)
Equity Intraday	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	NSE ₹325 per Cr (0.00325%)
Equity Futures	NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)	NSE ₹190 per Cr (0.0019%)
Equity Options	NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)	NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures	NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)	NSE ₹120 per Cr (0.0012%)
Currency Options	NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)	NSE ₹500 per Cr (0.005%) (on premium)
Commodity	MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)	Non-Agri: ₹260 per Cr (0.0026%) | Agri: ₹600 per Cr (0.006%)

Bonanza Vs Indira Securities Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).

	Bonanza	Indira Securities
Equity Delivery	Upto 10x + Interest	1x (no margin)
Equity Intraday	Upto 10x	Up to 10x (based on the stock)
Equity Futures	Upto 3x	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Upto 2x for shorting	1x (no margin)
Currency Futures	Upto 2x	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Upto 2x for shorting	1x (no margin)
Commodity Futures	Upto 3x	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options		1x (no margin)

Compare Bonanza and Indira Securities Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Indira Securities offers ODIN trading software.

	Bonanza	Indira 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	ODIN
Intraday Square-off Time	3:15	3:15 PM
Other Features
Referral Program

Bonanza Vs Indira Securities Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.

	Bonanza	Indira Securities
	7 Customer Reviews	2 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	Indira Securities is rated 4.5 of 5 based on 2 customer reviews

Bonanza Vs Indira Securities Investment Options

	Bonanza	Indira Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Bonanza Vs Indira Securities Order Type Offered

	Bonanza	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Bonanza Vs Indira Securities Research Report

	Bonanza	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs Indira Securities Suitable For Investor Type

	Bonanza	Indira Securities
Casual Investor
Active Investor
Trader

Bonanza Vs Indira Securities - Pros and Cons

	Bonanza	Indira 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 discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.
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.	Flat-rate brokerage plans (₹20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
Promo / Offers	AMC are waived off for the 1st year	Free Equity Delivery Trading Get FREE equity delivery trading and pay flat ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. To open an online paperless account, visit Indira Securities Website