Bonanza Vs Master Trust (Compare Bonanza and Master Trust)

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


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


Master Trust
Master Trust is a discount brokerage company part of the Master Capital Services Ltd. Incorporated in 1985; Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India. Master Trust Group entered in to discount brokerage business in Aug 2014. Master Trust offers both flat fees per trade and standard trading plan. They have PAN India presence with a client base of 2,50,000 which covers 300+ locations across 22 states of India Master Trust has f... Know more about Master Capital Services Ltd

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Bonanza Vs Master Trust

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 , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Bonanza Master Trust
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Flat Brokerage Plan 20:20 Plan
Year of Incorporation 1994
Number of Branches 1784
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Bonanza Vs Master Trust Charges & AMC

Bonanza trading account opening charges is ₹999 while Master Trust account opening changes is ₹100. Bonanza Demat Account AMC Charges is Nil and Master Trust Demat Account AMC Charges is ₹300.

  Bonanza Master Trust
Trading Account Opening Charges ₹999 ₹100
Trading Account AMC Charges Nil Nil
Demat Account Opening Charges Nil Nil
Demat Account AMC Charges Nil ₹300
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Bonanza Vs Master Trust Brokerage Charges & Plans

Bonanza Vs Master Trust Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas Master Trust brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order.

  Bonanza Master Trust
Account Type Flat Brokerage Plan 20:20 Plan
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order ₹0 (Free)
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
Special Offer

Bonanza Vs Master Trust Brokerage Plan 2

  Bonanza Master Trust
Account Type Flat Brokerage Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order 0.30%
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 ₹75 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.03%
Currency Options Trading Brokerage ₹18 per executed order ₹10 per lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.30%
Commodity Options Trading Brokerage ₹18 per executed order ₹75 per lot
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Bonanza Vs Master Trust Brokerage Plan 3

  Bonanza Master Trust
Account Type Flat Brokerage Plan My Plan
Fixed Charges Annual brokerage of ₹1000
Equity Delivery Brokerage ₹18 per executed order 25% off on existing brokerage plan
Equity Intraday Brokerage ₹18 per executed order 25% off on existing brokerage plan
Equity Futures Brokerage ₹18 per executed order 25% off on existing brokerage plan
Equity Options Brokerage ₹18 per executed order 25% off on existing brokerage plan
Currency Futures Trading Brokerage ₹18 per executed order 25% off on existing brokerage plan
Currency Options Trading Brokerage ₹18 per executed order 25% off on existing brokerage plan
Commodity Futures Trading Brokerage ₹18 per executed order 25% off on existing brokerage plan
Commodity Options Trading Brokerage ₹18 per executed order 25% off on existing brokerage plan
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Bonanza Charges Vs Master Trust

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0
Other Brokerage Charges
Call & Trade Charges ₹25 per trade ₹20 per executed order
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Bonanza Vs Master Trust Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Master Trust exchange transaction charges for options is NSE ₹6000 | BSE ₹3500.

  Bonanza Master Trust
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 | BSE ₹325
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 | BSE ₹325
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE ₹300 | BSE ₹150
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE ₹6000 | BSE ₹3500
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) NSE ₹120 | BSE ₹100
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) NSE ₹4200 | BSE ₹1000
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) MCX ₹250
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Bonanza Vs Master Trust Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Master Trust margin for intraday cash is Upto 16x.

  Bonanza Master Trust
Equity Delivery Upto 10x + Interest 1x for fixed brokerage plan; Upto 4.5x for standard plan
Equity Intraday Upto 10x Upto 16x
Equity Futures Upto 3x 6x
Equity Options Upto 2x for shorting
Currency Futures Upto 2x 6x
Currency Options Upto 2x for shorting
Commodity Futures Upto 3x
Commodity Options
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Compare Bonanza and Master Trust Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Master Trust offers OMNESYS NEST trading software.

  Bonanza Master Trust
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
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
Intraday Square-off Time 3:15
Other Features
Referral Program
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Bonanza Vs Master Trust Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Master Trust is rated 3.9 of 5 based on 12 customer reviews.

  Bonanza Master Trust
  7 Customer Reviews    Rate Bonanza 12 Customer Reviews    Rate Master Trust
Fees 3.4 3.8
Trading Brokerage 3.3 4.4
Trading Platform Usability 3.1 4.0
Customer Service 3.7 3.9
Research Capabilities 5.0 4.0
Overall Ratings Rated 3.6 stars Rated 3.9 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Master Trust is rated 3.9 of 5 based on 12 customer reviews
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Bonanza Vs Master Trust Investment Options

  Bonanza Master Trust
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 Mutual Funds
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Bonanza Vs Master Trust Order Type Offered

  Bonanza Master Trust
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 Master Trust Research Report

  Bonanza Master Trust
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Bonanza Vs Master Trust Suitable For Investor Type

  Bonanza Master Trust
Casual Investor
Active Investor Yes
Trader Yes Yes
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Bonanza Vs Master Trust - Pros and Cons

  Bonanza Master Trust
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. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  2. Funds transfer facility with 45 major banks available.
  3. MyValueTrade gives Intraday up to 33 times exposure
  4. No minimum brokerage.
  5. No need to login in different platforms for different segment.
  6. No more need to transfer deposits in one exchange to another for trading.
  7. Trade across all segments using Flexi-Balance feature wherein the balance across different segments viz. Equity, commodity, derivatives and currency can be used as one single balance.
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.
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Promo / Offers

AMC are waived off for the 1st year

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