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Bonanza Vs Master Trust (Compare Bonanza and Master Trust)


Bonanza Portfolio Ltd Logo

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 Capital Services Ltd Logo

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
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Year of Incorporation 1994
Number of Branches 1784
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Master Trust.
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Bonanza Vs Master Trust Charges & AMC

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

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

Bonanza Vs Master Trust Brokerage

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

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

Bonanza Vs Master Trust Brokerage Plan 2

  Bonanza Master Trust
Account Type Flat Brokerage Plan Standard Plan
Fixed Charges
Equity Delivery Rs 18 per executed order 0.30%
Equity Intraday Rs 18 per executed order 0.03%
Equity Futures Rs 18 per executed order 0.03%
Equity Options Rs 18 per executed order Rs 75 per lot
Currency Futures Rs 18 per executed order 0.03%
Currency Options Rs 18 per executed order Rs 10 per lot
Commodity Futures Rs 18 per executed order 0.30%
Commodity Options Rs 18 per executed order Rs 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 Rs 1000
Equity Delivery Rs 18 per executed order 25% off on existing brokerage plan
Equity Intraday Rs 18 per executed order 25% off on existing brokerage plan
Equity Futures Rs 18 per executed order 25% off on existing brokerage plan
Equity Options Rs 18 per executed order 25% off on existing brokerage plan
Currency Futures Rs 18 per executed order 25% off on existing brokerage plan
Currency Options Rs 18 per executed order 25% off on existing brokerage plan
Commodity Futures Rs 18 per executed order 25% off on existing brokerage plan
Commodity Options Rs 18 per executed order 25% off on existing brokerage plan
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Bonanza Charges Vs Master Trust

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

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

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

Bonanza margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Master Trust margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Bonanza Master Trust
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)
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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 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
Brokerage 3.3 4.4
Trading Platform 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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Contact Broker / Request A Call Back

  Bonanza Enquire Master Trust Enquire
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Bonanza Vs Master Trust Investment Options

  Bonanza Master Trust
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 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.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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