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About 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... 
About 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 ...
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 |
| Exchnage Membership | BSE, NSE, MCX, NCDEX, NFO, CDS | BSE, NSE, MCX and NCDEX |
| Year of Incorporation | 1994 | 1987 |
| Number of Branches | 1784 | 335 |
| Enquire Bonanza | Enquire Indira Securities |
Bonanza trading account opening charges is Rs 999 while Indira Securities account opening changes is Rs 0 (Free). Bonanza Demat Account AMC Charges is Nil and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).
| Bonanza | Indira Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 999 | Rs 0 (Free) |
| Trading Account AMC Charges | Nil | Rs 0 (Free) |
| Demat Account Opening Charges | Nil | Rs 0 (Free) |
| Demat Account AMC Charges | Nil | Rs 450 (Free for 1st year) |
Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.
| Account Type | Bonanza Flat Brokerage Plan | Indira Securities Traditional Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 18 per executed order | 0.10% |
| Equity Intraday | Rs 18 per executed order | 0.01% |
| Equity Futures | Rs 18 per executed order | 0.01% |
| Equity Options | Rs 18 per executed order | Rs 25 per lot (both side) |
| Currency Futures | Rs 18 per executed order | 0.01% |
| Currency Options | Rs 18 per executed order | Rs 25 per lot (both side) |
| Commodity Futures | Rs 18 per executed order | 0.01% |
| Commodity Options | Rs 18 per executed order | Rs 25 per lot (both side) |
| Special Offer | Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. |
| Bonanza | Indira Securities | |
|---|---|---|
| Account Type | Flat Brokerage Plan | Discount Brokerage Plan |
| Fixed Charges | NA | |
| Equity Delivery | Rs 18 per executed order | Rs 20 per executed order |
| Equity Intraday | Rs 18 per executed order | Rs 20 per executed order |
| Equity Futures | Rs 18 per executed order | Rs 20 per executed order |
| Equity Options | Rs 18 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 18 per executed order | Rs 20 per executed order |
| Currency Options | Rs 18 per executed order | Rs 20 per executed order |
| Commodity Futures | Rs 18 per executed order | Rs 20 per executed order |
| Commodity Options | Rs 18 per executed order | Rs 20 per executed order |
| Enquire Bonanza | Enquire Indira Securities |
| Minimum Brokerage | Intraday - .0001% and Delivery - .005% | Rs 20 per executed order |
| Other Charges | ||
| Call & Trade Charges | Rs 25 per trade | Rs 0 (Free) |
Bonanza transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).
| Bonanza | Indira Securities | |
|---|---|---|
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) | NSE Rs 325 per Cr (0.00325%) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) | NSE Rs 325 per Cr (0.00325%) |
| Equity Futures | NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) | NSE Rs 190 per Cr (0.0019%) |
| Equity Options | NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) | NSE Rs 5000 per Cr (0.05%) (on premium) |
| Currency Futures | NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) | NSE Rs 120 per Cr (0.0012%) |
| Currency Options | NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) | NSE Rs 500 per Cr (0.005%) (on premium) |
| Commodity | MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) | Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%) |
| Enquire Bonanza | Enquire Indira Securities |
Bonanza margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Indira Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Bonanza | Indira Securities | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Enquire Bonanza | Enquire Indira Securities |
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 |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| 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 | |
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| Enquire Bonanza | Enquire Indira Securities |
Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 4 customer reviews.
| Bonanza | Indira Securities | |
|---|---|---|
7 Customer Reviews  |
4 Customer Reviews |
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| Broker Rating | Bonanza is rated 3.6 of 5 based on 7 customer reviews | Indira Securities is rated 4.0 of 5 based on 4 customer reviews |
| Bonanza Enquire | Indira Securities Enquire | |
|---|---|---|
| Contact Broker | Leave your contact information and we will get in touch with you.... | FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. |
| Bonanza | Indira Securities | |
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| Other Investment Options | Insurance |
| Bonanza | Indira Securities | |
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| Bracket Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| Good Till Cancelled (GTC) | |
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| Enquire Bonanza | Enquire Indira Securities |
| Bonanza | Indira Securities | |
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| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Bonanza | Indira Securities | |
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| Bonanza | Indira Securities | |
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| Promo / Offers | AMC are waived off for the 1st year |
Free Equity Delivery TradingGet FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. |
| Enquire Bonanza | Enquire Indira Securities |
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