Bonanza Vs RK Global (Compare Bonanza and RK Global)

Bonanza Vs RK Global

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 1995, RK Global is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 150 branches across India.

	Bonanza	RK Global
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX, NFO, CDS	BSE, NSE, MCX, NCDEX
Year of Incorporation	1994	1995
Number of Branches	1784	150
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Bonanza Vs RK Global Charges & AMC

Bonanza trading account opening charges is Rs 999 while RK Global account opening changes is Rs 0. Bonanza Demat Account AMC Charges is Nil and RK Global Demat Account AMC Charges is Rs 250 second year onward.

	Bonanza	RK Global
Trading Account Opening Charges	Rs 999	Rs 0
Trading Account AMC Charges	Nil	Rs 0
Demat Account Opening Charges	Nil	Rs 50
Demat Account AMC Charges	Nil	Rs 250 second year onward

Bonanza Vs RK Global Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas RK Global brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

	Bonanza	RK Global
Account Type	Flat Brokerage Plan	Super 9
Fixed Charges
Equity Delivery	Rs 18 per executed order	Rs 9 per executed order
Equity Intraday	Rs 18 per executed order	Rs 9 per executed order
Equity Futures	Rs 18 per executed order	Rs 9 per executed order
Equity Options	Rs 18 per executed order	Rs 9 per executed order
Currency Futures	Rs 18 per executed order	Rs 9 per executed order
Currency Options	Rs 18 per executed order	Rs 9 per executed order
Commodity Futures	Rs 18 per executed order	Rs 9 per executed order
Commodity Options	Rs 18 per executed order	Rs 9 per executed order
Special Offer

Bonanza Charges Vs RK Global

Minimum Brokerage	Intraday - .0001% and Delivery - .005%
Other Charges		Unlimited trade in NSE capital market segment for Rs 999 per month
Call & Trade Charges	Rs 25 per trade

Bonanza Vs RK Global 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 RK Global exchange transaction charges for options is 0.053% on sell side (on premium).

	Bonanza	RK Global
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE: 0.00325% / BSE: 0.00275%
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE: 0.00325% / BSE: 0.00275%
Equity Futures	NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side)	0.021%
Equity Options	NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium)	0.053% on sell side (on premium)
Currency Futures	NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)	NSE: 0.00135%
Currency Options	NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)	NSE: 0.044%
Commodity	MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)	0.0036%
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Bonanza Vs RK Global Leverage (Margin)

Bonanza margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the RK Global margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Bonanza	RK Global
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Bonanza and RK Global Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. RK Global offers RKG Diet ODIN, RKG Mobile Trading trading software.

	Bonanza	RK Global
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Omnesys NEST Trader, My E Trade, My E Trade Mobile App	RKG Diet ODIN, RKG Mobile Trading
Intraday Square-off Time	3:15
Other Features
Referral Program
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Bonanza Vs RK Global Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas RK Global is rated 4.1 of 5 based on 28 customer reviews.

	Bonanza	RK Global
	7 Customer Reviews	28 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Bonanza is rated 3.6 of 5 based on 7 customer reviews	RK Global is rated 4.1 of 5 based on 28 customer reviews

Bonanza Vs RK Global Investment Options

	Bonanza	RK Global
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Bonanza Vs RK Global Order Type Offered

	Bonanza	RK Global
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Bonanza Vs RK Global Research Report

	Bonanza	RK Global
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs RK Global Suitable For Investor Type

	Bonanza	RK Global
Casual Investor
Active Investor
Trader

Bonanza Vs RK Global - Pros and Cons

	Bonanza	RK Global
Pros	Multiple fee structure to fulfill need of different type of investors. Offers 2 in 1 account which is Trading cum Demat account Bonanza offers add-on services like online bidding for IPO and mutual funds	- 24*7 Customer Care Helpdesk for 'Round-the-Clock' assistance.
Cons	Call & trade is charged extra at the rate of Rs 25 per trade. Bonanza doesn't offer any Referral program. Customer reported hidden charges and fees which was not explained at the time of account opening.	- Additional monthly charges for using online trading services - Additional charges for Call & Trade and physical copies of contract note. - No exposure allowed against stock in your Demat account.
Reviews
Promo / Offers	AMC are waived off for the 1st year
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