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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 Portfolio Ltd iTradeOnline by Trustline
 
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.
Year of Incorporation
Number of Branches
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Bonanza Vs iTradeOnline Charges

  Bonanza Portfolio Ltd iTradeOnline by Trustline
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 Rs 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 Portfolio Ltd iTradeOnline by Trustline
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 Rs 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 Rs 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 2

  Bonanza Portfolio Ltd iTradeOnline by Trustline
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 Portfolio Ltd iTradeOnline by Trustline
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 Rs 25 per trade ₹0 (Free)
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Bonanza Vs iTradeOnline Taxes

  Bonanza Portfolio Ltd iTradeOnline by Trustline
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 iTradeOnline Transaction Charges

  Bonanza Portfolio Ltd iTradeOnline by Trustline
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures NSE ₹215 | BSE ₹75 NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹5750 | BSE ₹3250 NSE ₹5000 per crore (0.05%)
Currency Futures NSE ₹135 | BSE ₹29 NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options NSE ₹4750 | BSE ₹754 NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100 MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Bonanza Vs iTradeOnline Exposure Margin

  Bonanza Portfolio Ltd iTradeOnline by Trustline
Equity Delivery Upto 10x + Interest 1x (100% Margin Required)
Equity Intraday Upto 10x Up to 20x
Equity Futures Upto 3x NSE: 2x
Equity Options Upto 2x for shorting NSE: 2x
Currency Futures Upto 2x NSE: 2x
Currency Options Upto 2x for shorting NSE: 2x
Commodity Upto 3x MCX Futures: 8x
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Bonanza and iTradeOnline Feature Comparison

  Bonanza Portfolio Ltd iTradeOnline by Trustline
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 Portfolio Ltd iTradeOnline by Trustline
  5 Customer Reviews    Rate Bonanza 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 2.8 4.2
Trading Brokerage Rating 3.0 4.7
Trading Platform Usability 3.2 4.0
Customer Service Ratings 3.4 4.2
Overall Ratings Rated 3.2 stars Rated 4.3 stars
Broker Rating Bonanza is Rated 3.2 / 5 based on 5 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Portfolio Ltd iTradeOnline by Trustline
Contact / Request Call Back
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Bonanza Vs iTradeOnline Investment Options

  Bonanza Portfolio Ltd iTradeOnline by Trustline
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 Portfolio Ltd iTradeOnline by Trustline
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 Portfolio Ltd iTradeOnline by Trustline
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 Portfolio Ltd iTradeOnline by Trustline
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 Portfolio Ltd iTradeOnline by Trustline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs iTradeOnline - Advantages and Disadvantages

  Bonanza Portfolio Ltd iTradeOnline by Trustline
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 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...

  • 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

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