Bonanza Vs Indira Securities (Compare Bonanza and Indira Securities)

The side-by-side comparison of Bonanza and Indira Securities. Compare Bonanza Vs Indira Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs Indira Securities?


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... Know more about Bonanza Portfolio Ltd


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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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 Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you.
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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)
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Bonanza Vs Indira Securities Brokerage Charges & Plans

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)
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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%)
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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)
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 Yes
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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    Rate Bonanza 2 Customer Reviews    Rate Indira Securities
Fees 3.4 3.0
Trading Brokerage 3.3 5.0
Trading Platform Usability 3.1 4.5
Customer Service 3.7 4.5
Research Capabilities 5.0 5.0
Overall Ratings Rated 3.6 stars Rated 4.5 stars
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
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Contact Broker / Request A Call Back

  Bonanza Enquire Indira Securities Enquire
Contact Broker

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Bonanza Vs Indira Securities Investment Options

  Bonanza Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance
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Bonanza Vs Indira Securities Order Type Offered

  Bonanza Indira Securities
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Bonanza Vs Indira Securities Research Report

  Bonanza Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs Indira Securities Suitable For Investor Type

  Bonanza Indira Securities
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Indira Securities - Pros and Cons

  Bonanza Indira Securities
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
  • 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
  1. Call & trade is charged extra at the rate of ₹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.
  1. Flat-rate brokerage plans (₹20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. 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

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