Bonanza Vs Paytm Money (Compare Bonanza and Paytm Money)

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


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


Paytm Money
Incorporated in 2017, Paytm Money Limited (commonly known as Paytm Money) is a Bengaluru based discount brokering firm. Paytm Money is a wholly-owned subsidiary of India's largest and leading digital goods and mobile platform, One97 Communications Ltd that also owns the Paytm brand. Paytm is an RBI-approved Indian e-commerce payment system. Paytm Money is a SEBI registered stockbroker and an Investment Advisor. The company has a depository participant membership of CDSL and is also a member of ... Know more about Paytm Money Limited

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Bonanza Vs Paytm Money

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 2017, Paytm Money is a Discount Broker. It offers trading at NSE and BSE. It has 1 branches across India.

  Bonanza Paytm Money
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS NSE and BSE
Account Type Flat Brokerage Plan Standard Plan
Year of Incorporation 1994 2017
Number of Branches 1784 1
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 Paytm Money Charges & AMC

Bonanza trading account opening charges is Rs 999 while Paytm Money account opening changes is Rs 200. Bonanza Demat Account AMC Charges is Nil and Paytm Money Demat Account AMC Charges is Rs 0 (Free).

  Bonanza Paytm Money
Trading Account Opening Charges Rs 999 Rs 200
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Nil Rs 0 (Free)
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Bonanza Vs Paytm Money Brokerage Charges & Plans

Bonanza Vs Paytm Money Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Paytm Money brokerage charges for equity is Rs 0 (Free - Minimum Rs 0.01 per executed order) and intraday is R10 per executed order or 0.05% whichever is lower.

  Bonanza Paytm Money
Account Type Flat Brokerage Plan Standard Plan
Fixed Charges NA
Equity Delivery Brokerage Rs 18 per executed order Rs 0 (Free - Minimum Rs 0.01 per executed order)
Equity Intraday Brokerage Rs 18 per executed order R10 per executed order or 0.05% whichever is lower
Equity Futures Brokerage Rs 18 per executed order Rs 10 per executed order
Equity Options Brokerage Rs 18 per executed order Rs 10 per executed order
Currency Futures Trading Brokerage Rs 18 per executed order
Currency Options Trading Brokerage Rs 18 per executed order
Commodity Futures Trading Brokerage Rs 18 per executed order
Commodity Options Trading Brokerage Rs 18 per executed order
Special Offer
Special Offer: Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer

Bonanza Charges Vs Paytm Money

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% Rs 0.01 per executed order on Equity Delivery trades
Other Brokerage Charges Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier
Call & Trade Charges Rs 25 per trade Rs 300
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Bonanza Vs Paytm Money 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 Paytm Money exchange transaction charges for options is Rs 5,000 per Cr (0.05%).

  Bonanza Paytm Money
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) Rs 5,000 per Cr (0.05%)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)
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Bonanza Vs Paytm Money Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Paytm Money margin for intraday cash is Up to 7.5x (based on the stock).

  Bonanza Paytm Money
Equity Delivery Upto 10x + Interest 1x (no margin)
Equity Intraday Upto 10x Up to 7.5x (based on the stock)
Equity Futures Upto 3x Intra-day: 3x | Carry forward: 1x (no margin)
Equity Options Upto 2x for shorting Intra-day (Options Sell): 3x | Carry forward: 1x (no margin)
Currency Futures Upto 2x
Currency Options Upto 2x for shorting
Commodity Futures Upto 3x
Commodity Options
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Compare Bonanza and Paytm Money Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.

  Bonanza Paytm Money
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App Paytm Money mobile app, Paytm Money website
Intraday Square-off Time 3:15 3:15 PM
Other Features
Referral Program
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Bonanza Vs Paytm Money Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Paytm Money is rated 3.5 of 5 based on 8 customer reviews.

  Bonanza Paytm Money
  7 Customer Reviews    Rate Bonanza 8 Customer Reviews    Rate Paytm Money
Fees 3.4 3.8
Trading Brokerage 3.3 3.9
Trading Platform Usability 3.1 3.6
Customer Service 3.7 2.5
Research Capabilities 5.0 3.0
Overall Ratings Rated 3.6 stars Rated 3.5 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Paytm Money is rated 3.5 of 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Paytm Money Enquire
Contact Broker

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

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Bonanza Vs Paytm Money Investment Options

  Bonanza Paytm Money
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
Debt No No
Other Investment Options Insurance NPS Retirement Fund, Digital Fund
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Bonanza Vs Paytm Money Order Type Offered

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

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

  Bonanza Paytm Money
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Paytm Money - Pros and Cons

  Bonanza Paytm Money
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
  • Brokerage free equity delivery trading.
  • Low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Direct MF platform that helps you earn an extra 1% returns.
  • Zero Maintenance Charges.
  • Instant digital account opening.
  • Simple and easy trading platforms.
  • Online IPO application services.
  • Offers to invest in NPS and digital gold investment along with Stocks, Derivatives, and MF.
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.
  • Branch support not available.
  • GTC order type not available.
  • Charges for the usage of trading platforms.
  • No Margin trading facility.
  • No Margin against shares.
  • Commodity and Currency trading not available.
Reviews

Paytm Money Limited, commonly known as Paytm Money, is a Bengaluru based online discount broker incorporated in 2017 offering trading and investment services for an entire range of financial products like Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, and IPO. The company also provides investment advisory services by way of offering investment packs for mutual fund investments.

The company claims to be a leader and pioneer in low-cost trading. Paytm Money follows a flat fee model. The maximum brokerage charged by the broker is Rs 10 per trade. Paytm Money offers free Equity Delivery trading. Paytm Money is a member of NSE and BSE and has a depository membership with CDSL.

Paytm Money charges Rs 200 towards account opening and zero annual maintenance charges for the Demat account. The company offers an online trading platform - Paytm Money on Android, iOS, and website.

Promo / Offers

AMC are waived off for the 1st year

Free Equity Delivery Trading

Get free equity delivery trading (no brokerage) and pay flat Rs 10 brokerage for Intraday and F&O trades. Rs 0 AMC for your demat account. To open an account with Paytm Money, simply Open Online Account or request a callback.

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