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Bonanza Vs Nirmal Bang (Compare Bonanza and Nirmal Bang)


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


Nirmal Bang Securities Pvt Ltd Logo

Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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Bonanza Vs Nirmal Bang

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 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  Bonanza Nirmal Bang
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 1994 1986
Number of Branches 1784 2000
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Bonanza Vs Nirmal Bang Charges & AMC

Bonanza trading account opening charges is Rs 999 while Nirmal Bang account opening changes is Rs 0. Bonanza Demat Account AMC Charges is Nil and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Bonanza Nirmal Bang
Trading Account Opening Charges Rs 999 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Nil Rs 200
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Bonanza Vs Nirmal Bang Brokerage Charges & Plans

Bonanza Vs Nirmal Bang Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  Bonanza Nirmal Bang
Account Type Flat Brokerage Plan Basic Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order 0.2%
Equity Intraday Rs 18 per executed order 0.02%
Equity Futures Rs 18 per executed order 0.02%
Equity Options Rs 18 per executed order Rs 35
Currency Futures Rs 18 per executed order 0.02%
Currency Options Rs 18 per executed order Rs 20
Commodity Futures Rs 18 per executed order 0.01%
Commodity Options Rs 18 per executed order
Special Offer

Bonanza Charges Vs Nirmal Bang

Minimum Brokerage Intraday - .0001% and Delivery - .005%
Other Charges
Call & Trade Charges Rs 25 per trade
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Bonanza Vs Nirmal Bang 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 Nirmal Bang exchange transaction charges for options is Rs 5700.

  Bonanza Nirmal Bang
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 390
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 390
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) Rs 240
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) Rs 5700
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) Rs 240
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) Rs 5700
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) Rs 250
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Bonanza Vs Nirmal Bang Leverage (Margin)

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

  Bonanza Nirmal Bang
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 Nirmal Bang Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  Bonanza Nirmal Bang
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 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 Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15 3:15
Other Features
Referral Program
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Bonanza Vs Nirmal Bang Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Bonanza Nirmal Bang
  7 Customer Reviews    Rate Bonanza 19 Customer Reviews    Rate Nirmal Bang
Fees 3.4 3.6
Brokerage 3.3 3.5
Trading Platform 3.1 2.6
Customer Service 3.7 2.3
Research Capabilities 5.0 3.0
Overall Ratings Rated 3.6 stars Rated 2.6 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Nirmal Bang Enquire
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Bonanza Vs Nirmal Bang Investment Options

  Bonanza Nirmal Bang
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
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Bonanza Vs Nirmal Bang Order Type Offered

  Bonanza Nirmal Bang
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Bonanza Vs Nirmal Bang Research Report

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

  Bonanza Nirmal Bang
Casual Investor Yes
Active Investor Yes
Trader Yes
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Bonanza Vs Nirmal Bang - Pros and Cons

  Bonanza Nirmal Bang
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. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
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.
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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