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Bonanza Vs ProStocks Share Broker Comparison

The side-by-side comparison of Bonanza Portfolio Ltd and ProStocks stock brokers in India. The comparison below highlights the similarities and differences between Bonanza and ProStocks's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Bonanza and ProStocks.

  Bonanza Portfolio Ltd ProStocks
 
Bonanza Portfolio Ltd Logo ProStocks 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 ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer unlimited ... Know more about ProStocks
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE
Account Type Default Plan Flat Fee Plan
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 ProStocks. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Bonanza Portfolio Ltd ProStocks
Trading Account Opening Fees Nil ₹0
Trading Account AMC Nil ₹0
Demat Account Opening Fees Nil ₹0
Demat Account AMC Rs 250 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Bonanza Portfolio Ltd ProStocks
Account Type Default Plan Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage 0.10% ₹15
Equity Intraday Brokerage 0.005% ₹15
Equity Futures Brokerage 0.005% ₹15
Equity Options Brokerage Rs 15 per Lot ₹15
Currency Futures Trading Brokerage 0.0025% ₹15
Currency Options Trading Brokerage Rs 5 per lot ₹15
Commodity Futures Trading Brokerage 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Bonanza Portfolio Ltd ProStocks
Account Type Plan 1000 Monthly Unlimited Equity
Fixed Charges ₹899
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%
Currency Options Trading Brokerage 5 per lot
Commodity Futures Trading Brokerage 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Bonanza Portfolio Ltd ProStocks
Account Type Plan 7500 Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage 0.025%
Equity Intraday Brokerage 0.00312%
Equity Futures Brokerage 0.00312%
Equity Options Brokerage 10 per lot
Currency Futures Trading Brokerage 0.0015% ₹0
Currency Options Trading Brokerage 4 per lot ₹0
Commodity Futures Trading Brokerage 0.00208%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges Rs 25 per trade
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Taxes

  Bonanza Portfolio Ltd ProStocks
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Bonanza Portfolio Ltd ProStocks
Equity Delivery NSE ₹325 | BSE ₹275 NSE: 0.00325% | BSE: 0.00275%
Equity Intraday NSE ₹325 | BSE ₹275 NSE: 0.00325% | BSE: 0.00275%
Equity Futures NSE ₹215 | BSE ₹75 NSE: 0.0019% | BSE: 0.0005%
Equity Options NSE ₹5750 | BSE ₹3250 NSE: 0.050% | BSE: 0.0025%
Currency Futures NSE ₹135 | BSE ₹29 NSE: 0.0011% | BSE: 0.0001%
Currency Options NSE ₹4750 | BSE ₹754 NSE: 0.040% | BSE: 0.0001%
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100
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Exposure

  Bonanza Portfolio Ltd ProStocks
Equity Delivery Upto 10x + Interest 1x (no margin)
Equity Intraday Upto 10x 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Upto 3x 1.5x
Equity Options Upto 2x for shorting 1x (no margin)
Currency Futures Upto 2x 1.5x
Currency Options Upto 2x for shorting 1x (no margin)
Commodity Upto 3x NA
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Share Broker Features

  Bonanza Portfolio Ltd ProStocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App ProStocks, NSE NOW
Intraday Square-off Time 3:15 Equity 3:15 PM | Curr: 4:45 PM
Other Features
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Broker Ratings (Average User Rating)

  Bonanza Portfolio Ltd ProStocks
  5 Customer Reviews    Rate Bonanza 24 Customer Reviews    Rate ProStocks
Fees Ratings 2.8 4.6
Trading Brokerage Rating 3.0 4.4
Trading Platform Usability 3.2 2.9
Customer Service Ratings 3.4 3.1
Overall Ratings Rated 3.2 stars Rated 3.3 stars
Broker Rating Bonanza is Rated 3.2 / 5 based on 5 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Portfolio Ltd ProStocks
Contact / Request Call Back
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Investment Options Available

  Bonanza Portfolio Ltd ProStocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD No No
Debt No No
Other Investment Options Insurance
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Customer Service Offered

  Bonanza Portfolio Ltd ProStocks
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

  Bonanza Portfolio Ltd ProStocks
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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Research / Tips / Reports Published

  Bonanza Portfolio Ltd ProStocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Bonanza Portfolio Ltd ProStocks
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Bonanza Portfolio Ltd ProStocks
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...

  • Cheapest flat fee broker in India. Offers ₹899 unlimited equity and equity f&o trading and ₹15 per trade plan.
  • 2-in-1 Accounts offers seamless transactions between trading and demat account.
  • 5 Pricing plans to choose from offers flexibility to stock market investors and active trader. Its extremely easy to switch between the plans.
  • Lowest exchange transaction changes, guaranteed.
  • Life time free demat account with one time ₹1000 deposit. No account opening and no annual maintenance charges.
  • Lowest stamp duty for customer outside Maharashtra. Max stamp duty charged is ₹50 per day.
  • ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee.
  • Cheapest Call & Trade fee (₹10 per executed order) among all discount brokers. Other brokers charge minimum ₹20 per trade.
  • 24x7 customer service though Advance Interactive voice response(IVR).

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 Useful articles about ProStocks:
Promo / Offers

AMC are waived off for the 1st year

ProStocks offer FREE Trading + Demat Account. You can trade unlimited in equity & equity f&o segment for ₹899/month or choose ₹15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer ₹0 Demat AMC with one time ₹1000 refundable deposit.

This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.

Enquire about Bonanza Enquire about ProStocks
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