Bonanza Vs RMoney (Compare Bonanza and RMoney)

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


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


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Bonanza Vs RMoney

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 , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Bonanza RMoney
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX
Account Type Flat Brokerage Plan Zero Brokerage Plans
Year of Incorporation 1994
Number of Branches 1784
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 RMoney. Leave your contact info and we will get in touch with you.
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Bonanza Vs RMoney Charges & AMC

Bonanza trading account opening charges is ₹999 while RMoney account opening changes is ₹199. Bonanza Demat Account AMC Charges is Nil and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

  Bonanza RMoney
Trading Account Opening Charges ₹999 ₹199
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges Nil ₹0 for lifetime (Free)
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Bonanza Vs RMoney Brokerage Charges & Plans

Bonanza Vs RMoney Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

  Bonanza RMoney
Account Type Flat Brokerage Plan Zero Brokerage Plans
Fixed Charges NA
Equity Delivery Brokerage ₹18 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹18 per executed order ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹18 per executed order ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹18 per executed order ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹18 per executed order ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹18 per executed order ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹18 per executed order ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹18 per executed order
Special Offer
Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Bonanza Vs RMoney Brokerage Plan 2

  Bonanza RMoney
Account Type Flat Brokerage Plan Happy Service Plan
Fixed Charges NA
Equity Delivery Brokerage ₹18 per executed order 0.10% to 0.40%
Equity Intraday Brokerage ₹18 per executed order 0.01% to 0.04%
Equity Futures Brokerage ₹18 per executed order 0.005% to 0.02%
Equity Options Brokerage ₹18 per executed order ₹20 to ₹80 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.005% to 0.02%
Currency Options Trading Brokerage ₹18 per executed order 0.005% to 0.02%
Commodity Futures Trading Brokerage ₹18 per executed order 0.005% to 0.02%
Commodity Options Trading Brokerage ₹18 per executed order
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Bonanza Charges Vs RMoney

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹25 per trade ₹0 (Unlimited Calls)
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Bonanza Vs RMoney Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

  Bonanza RMoney
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) NSE, BSE - ₹150 per crore (0.0015%)
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Bonanza Vs RMoney Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

  Bonanza RMoney
Equity Delivery Upto 10x + Interest Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Upto 10x 20x (5%) (Intraday Only)
Equity Futures Upto 3x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Upto 2x for shorting Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Upto 2x Intraday - 100X (1%)
Currency Options Upto 2x for shorting Intraday - 100X (1%)
Commodity Futures Upto 3x Intraday - 77X (1.3%)
Commodity Options
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Compare Bonanza and RMoney Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  Bonanza RMoney
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 Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:15 Equity 3:15 PM
Other Features
Referral Program
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Bonanza Vs RMoney Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  Bonanza RMoney
  7 Customer Reviews    Rate Bonanza 4 Customer Reviews    Rate RMoney
Fees 3.4 4.8
Trading Brokerage 3.3 4.5
Trading Platform Usability 3.1 4.0
Customer Service 3.7 4.0
Research Capabilities 5.0 3.0
Overall Ratings Rated 3.6 stars Rated 3.8 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews
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Contact Broker / Request A Call Back

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RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Bonanza Vs RMoney Investment Options

  Bonanza RMoney
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 Corporate FD, Life Instance, General Insurance
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Bonanza Vs RMoney Order Type Offered

  Bonanza RMoney
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 Yes
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Bonanza Vs RMoney Research Report

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

  Bonanza RMoney
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs RMoney - Pros and Cons

  Bonanza RMoney
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. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  1. Call & trade is charged extra at the rate of ₹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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
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Promo / Offers

AMC are waived off for the 1st year

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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