Bonanza Vs Karvy (Compare Bonanza and Karvy)

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


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


Karvy

Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

Need Help Moving to Another Broker?

Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking Ltd

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Bonanza Vs Karvy

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 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India.

  Bonanza Karvy
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Flat Brokerage Plan Retail Brokerage Plan
Year of Incorporation 1994 1985
Number of Branches 1784 575
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 Karvy Charges & AMC

Bonanza trading account opening charges is ₹999 while Karvy account opening changes is ₹650. Bonanza Demat Account AMC Charges is Nil and Karvy Demat Account AMC Charges is ₹420.

  Bonanza Karvy
Trading Account Opening Charges ₹999 ₹650
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹0
Demat Account AMC Charges Nil ₹420
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Bonanza Vs Karvy Brokerage Charges & Plans

Bonanza Vs Karvy Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.

  Bonanza Karvy
Account Type Flat Brokerage Plan Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order 0.3%
Equity Intraday Brokerage ₹18 per executed order 0.03%
Equity Futures Brokerage ₹18 per executed order 0.03%
Equity Options Brokerage ₹18 per executed order ₹30 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.03%
Currency Options Trading Brokerage ₹18 per executed order ₹30 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.03%
Commodity Options Trading Brokerage ₹18 per executed order ₹30 per lot
Special Offer

Bonanza Vs Karvy Brokerage Plan 2

  Bonanza Karvy
Account Type Flat Brokerage Plan Premium Subscription Plan of 100000
Fixed Charges ₹100,000 per year
Equity Delivery Brokerage ₹18 per executed order 0.1%
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 ₹10 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.01%
Currency Options Trading Brokerage ₹18 per executed order ₹10 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.01%
Commodity Options Trading Brokerage ₹18 per executed order ₹10 per lot

Bonanza Charges Vs Karvy

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges ₹25 per trade
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Bonanza Vs Karvy Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Karvy exchange transaction charges for options is ₹5500.

  Bonanza Karvy
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) ₹325
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) ₹325
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) ₹230
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) ₹5500
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) ₹325
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) ₹300
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Bonanza Vs Karvy Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.

  Bonanza Karvy
Equity Delivery Upto 10x + Interest Upto 5x with 24% interest per year
Equity Intraday Upto 10x Upto 20x
Equity Futures Upto 3x Upto 4x
Equity Options Upto 2x for shorting Upto 4x for shorting
Currency Futures Upto 2x Nil
Currency Options Upto 2x for shorting Nil
Commodity Futures Upto 3x Upto 4x
Commodity Options
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Compare Bonanza and Karvy Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Karvy offers NEST, Karvy Web, Trade Mobile trading software.

  Bonanza Karvy
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
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 NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:15 3:15
Other Features Ask the expert, The Finapolis
Referral Program
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Bonanza Vs Karvy Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

  Bonanza Karvy
  7 Customer Reviews    Rate Bonanza 24 Customer Reviews    Rate Karvy
Fees 3.4 2.6
Trading Brokerage 3.3 2.4
Trading Platform Usability 3.1 2.7
Customer Service 3.7 2.2
Research Capabilities 5.0
Overall Ratings Rated 3.6 stars Rated 2.0 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Karvy is rated 2.0 of 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Karvy Enquire
Contact Broker

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

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Bonanza Vs Karvy Investment Options

  Bonanza Karvy
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 Karvy Order Type Offered

  Bonanza Karvy
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 Karvy Research Report

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

  Bonanza Karvy
Casual Investor Yes
Active Investor Yes
Trader Yes
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Bonanza Vs Karvy - Pros and Cons

  Bonanza Karvy
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
  1. Pay ₹1200 one time and get life time free AMC demat account
  2. Offers investment in IPO and Mutual funds
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
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. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
Reviews
Promo / Offers

AMC are waived off for the 1st year

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