Free Trading + Demat Account

Bonanza Vs MyValueTrade (Compare Bonanza and MyValueTrade)

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

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

Our Bonanza Portfolio Ltd comparison with Master Capital Services Ltd highlights the major differences between two brokers. Find the best between Bonanza and MyValueTrade.

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Bonanza Vs MyValueTrade

  Bonanza MyValueTrade
Find more info about broker
Bonanza Portfolio Ltd Logo Master Capital Services Ltd 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 MyValueTrade (MVT) 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 with over 1.5 lakh clients. Co... Know more about Master Capital Services Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Default Plan Per Order Executed
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 MyValueTrade. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994
Number of Branches 1784
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Bonanza Vs MyValueTrade Charges

  Bonanza MyValueTrade
Trading Account Opening Fees Nil ₹555
Trading Account AMC Nil Nil
Demat Account Opening Fees Nil Nil
Demat Account AMC Rs 250 ₹400
Demat Account is Mandatory? No No
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Bonanza Vs MyValueTrade Brokerage

Brokerage Plan 1

  Bonanza MyValueTrade
Account Type Default Plan Per Order Executed
Fixed Charges
Equity Delivery Brokerage 0.10% ₹10 per executed order
Equity Intraday Brokerage 0.005% ₹10 per executed order
Equity Futures Brokerage 0.005% ₹10 per executed order
Equity Options Brokerage Rs 15 per Lot ₹10 per executed order
Currency Futures Trading Brokerage 0.0025% ₹10 per executed order
Currency Options Trading Brokerage Rs 5 per lot ₹10 per executed order
Commodity Futures Trading Brokerage 0.004% ₹10 per executed order
Commodity Options Trading Brokerage

Brokerage Plan 2

  Bonanza MyValueTrade
Account Type Plan 1000 Fixed Monthly Plan
Fixed Charges ₹1000
Equity Delivery Brokerage 0.1% ₹0
Equity Intraday Brokerage 0.005% ₹0
Equity Futures Brokerage 0.005% ₹0
Equity Options Brokerage 15 per lot ₹0
Currency Futures Trading Brokerage .0025% ₹0
Currency Options Trading Brokerage 5 per lot ₹0
Commodity Futures Trading Brokerage 0.004% ₹0
Commodity Options Trading Brokerage

Brokerage Plan 3

  Bonanza MyValueTrade
Account Type Plan 7500 Per Order Executed
Fixed Charges
Equity Delivery Brokerage 0.025% ₹10 per executed order
Equity Intraday Brokerage 0.00312% ₹10 per executed order
Equity Futures Brokerage 0.00312% ₹10 per executed order
Equity Options Brokerage 10 per lot ₹10 per executed order
Currency Futures Trading Brokerage 0.0015% ₹10 per executed order
Currency Options Trading Brokerage 4 per lot ₹10 per executed order
Commodity Futures Trading Brokerage 0.00208% ₹10 per executed order
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹10 or .01% whichever is lower
Other Brokerage Charges Call & Trade: ₹20 per executed order
Call & Trade Charges Rs 25 per trade
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Bonanza Vs MyValueTrade Taxes

  Bonanza MyValueTrade
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 MyValueTrade Transaction Charges

  Bonanza MyValueTrade
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹325
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹325
Equity Futures NSE ₹215 | BSE ₹75 NSE ₹300 | BSE ₹150
Equity Options NSE ₹5750 | BSE ₹3250 NSE ₹6000 | BSE ₹3500
Currency Futures NSE ₹135 | BSE ₹29 NSE ₹120 | BSE ₹100
Currency Options NSE ₹4750 | BSE ₹754 NSE ₹4200 | BSE ₹1000
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100 MCX ₹250
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Bonanza Vs MyValueTrade Exposure Margin

  Bonanza MyValueTrade
Equity Delivery Upto 10x + Interest
Equity Intraday Upto 10x
Equity Futures Upto 3x
Equity Options Upto 2x for shorting
Currency Futures Upto 2x
Currency Options Upto 2x for shorting
Commodity Futures Upto 3x
Commodity Options
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Bonanza and MyValueTrade Feature Comparison

  Bonanza MyValueTrade
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 MyValueTrade Review

  Bonanza MyValueTrade
  6 Customer Reviews    Rate Bonanza 9 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.2 3.4
Trading Brokerage Rating 3.0 4.4
Trading Platform Usability 3.2 3.8
Customer Service Ratings 3.5 3.8
Overall Ratings Rated 3.3 stars Rated 3.8 stars
Broker Rating Bonanza is Rated 3.3 / 5 based on 6 customer reviews MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire MyValueTrade Enquire
Contact Broker
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Bonanza Vs MyValueTrade Investment Options

  Bonanza MyValueTrade
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 MyValueTrade Customer Service

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

  Bonanza MyValueTrade
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 MyValueTrade Research Report

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

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

  Bonanza MyValueTrade
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...

  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.

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...

More Disadvantages...

Reviews
Promo / Offers

AMC are waived off for the 1st year

Enquire Bonanza Enquire MyValueTrade
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