Bonanza Vs iTradeOnline (Compare Bonanza and iTradeOnline)

The side-by-side comparison of Bonanza and iTradeOnline. Compare Bonanza Vs iTradeOnline brokerage, charges, exposure margin, demat account. Read iTradeOnline and Bonanza review.

Find out Bonanza Vs iTradeOnline which is better and Bonanza Vs iTradeOnline which is best.

Our Bonanza Portfolio Ltd comparison with iTradeOnline by Trustline highlights the major differences between two brokers. Find the best between Bonanza and iTradeOnline.

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Bonanza Vs iTradeOnline

  Bonanza iTradeOnline
Find more info about broker
Bonanza Portfolio Ltd Logo iTradeOnline by Trustline 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 iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same lo... Know more about iTradeOnline by Trustline
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Default Plan Pay Per Trade
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 iTradeOnline. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994
Number of Branches 1784
Enquire Bonanza Enquire iTradeOnline
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Bonanza Vs iTradeOnline Charges

  Bonanza iTradeOnline
Trading Account Opening Fees Nil ₹0 (Free)
Trading Account AMC Nil ₹0 (Free)
Demat Account Opening Fees Nil Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹250 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Bonanza Vs iTradeOnline Brokerage

Brokerage Plan 1

  Bonanza iTradeOnline
Account Type Default Plan Pay Per Trade
Fixed Charges
Equity Delivery Brokerage 0.10% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹15 per Lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.0025% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹5 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.004% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
Special Offer
Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Brokerage Plan 2

  Bonanza iTradeOnline
Account Type Plan 1000 Pay Per Trade
Fixed Charges ₹0
Equity Delivery Brokerage 0.1% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹15 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage .0025% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹5 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.004% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Brokerage Plan 3

  Bonanza iTradeOnline
Account Type Plan 7500 Pay Per Trade
Fixed Charges ₹0
Equity Delivery Brokerage 0.025% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.00312% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.00312% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹10 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.0015% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹4 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.00208% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹25 per trade ₹0 (Free)
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Bonanza Vs iTradeOnline Taxes

  Bonanza iTradeOnline
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Bonanza Vs iTradeOnline Transaction Charges

  Bonanza iTradeOnline
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Bonanza Vs iTradeOnline Exposure Margin

  Bonanza iTradeOnline
Equity Delivery Upto 10x + Interest Upto 5x (based on the stock)
Equity Intraday Upto 10x Upto 20x (based on the stock)
Equity Futures Upto 3x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 2x for shorting Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Upto 2x for shorting Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 3x Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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Bonanza and iTradeOnline Feature Comparison

  Bonanza iTradeOnline
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes 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 Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:15 Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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Bonanza Vs iTradeOnline Review

  Bonanza iTradeOnline
  7 Customer Reviews    Rate Bonanza 7 Customer Reviews    Rate iTradeOnline
Fees 3.4 3.9
Trading Brokerage 3.3 4.1
Trading Platform Usability 3.1 3.9
Customer Service 3.7 3.7
Research Capabilities 5.0 1.0
Overall Ratings Rated 3.6 stars Rated 4.0 stars
Broker Rating Bonanza is Rated 3.6 / 5 based on 7 customer reviews iTradeOnline is Rated 4.0 / 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire iTradeOnline Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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Bonanza Vs iTradeOnline Investment Options

  Bonanza iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD No No
Debt No Yes
Other Investment Options Insurance Insurance, Wealth Management
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Bonanza Vs iTradeOnline Customer Service

  Bonanza iTradeOnline
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Bonanza Vs iTradeOnline Order Type Offered

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

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

  Bonanza iTradeOnline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs iTradeOnline - Advantages and Disadvantages

  Bonanza iTradeOnline
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...

  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.

More Advantages...

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.

More Disadvantages...

  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.

More Disadvantages...

Reviews
Promo / Offers

AMC are waived off for the 1st year

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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