Bonanza Vs SAMCO (Compare Bonanza and SAMCO)


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


SAMCO
SAMCO is India based online discount broker. It offers stock and commodity trading at NSE, BSE, and MCX. SAMCO's NBFC arm provide the margin funding, loan against shares and other financial products. It also offers depository services (demat account) through CDSL. Incorporated in 2015, SAMCO is among the lowest-cost broker in India. SAMCO is popular for its ultra-low brokerage, margin products, higher exposure and free trading software. Customer who moves from traditional brokers like ICICI Dir... Know more about SAMCO Securities Limited

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Bonanza Vs SAMCO

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

  Bonanza SAMCO
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX
Year of Incorporation 1994
Number of Branches 1784
Open an Online Trading Account with Bonanza.Open an Online Trading Account with SAMCO.
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Bonanza Vs SAMCO Charges & AMC

Bonanza trading account opening charges is Rs 999 while SAMCO account opening changes is Rs 0 (Free). Bonanza Demat Account AMC Charges is Nil and SAMCO Demat Account AMC Charges is Rs 400.

  Bonanza SAMCO
Trading Account Opening Charges Rs 999 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Nil Rs 400
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Bonanza Vs SAMCO Brokerage Charges & Plans

Bonanza Vs SAMCO Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas SAMCO brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.

  Bonanza SAMCO
Account Type Flat Brokerage Plan Standard
Fixed Charges NA
Equity Delivery Rs 18 per executed order Rs 20 per executed order
Equity Intraday Rs 18 per executed order Rs 20 per executed order
Equity Futures Rs 18 per executed order Rs 20 per executed order
Equity Options Rs 18 per executed order Rs 20 per executed order
Currency Futures Rs 18 per executed order Rs 20 per executed order
Currency Options Rs 18 per executed order Rs 20 per executed order
Commodity Futures Rs 18 per executed order
Commodity Options Rs 18 per executed order
Special Offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

Bonanza Charges Vs SAMCO

Minimum Brokerage Intraday - .0001% and Delivery - .005% Rs 0
Other Charges
Call & Trade Charges Rs 25 per trade Rs 20 per executed order
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Bonanza Vs SAMCO 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 SAMCO exchange transaction charges for options is NSE Rs 5000 per crore | BSE Rs 1 per trade (each side).

  Bonanza SAMCO
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) NSE Rs 190 per crore | BSE Rs 1 per trade (each side)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) NSE Rs 5000 per crore | BSE Rs 1 per trade (each side)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) NSE Rs 4000 (on premium) per crore (0.040%)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore
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Bonanza Vs SAMCO 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 SAMCO 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 SAMCO
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 SAMCO Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. SAMCO offers OMNESYS NEST, StockNote trading software.

  Bonanza SAMCO
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 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 OMNESYS NEST, StockNote
Intraday Square-off Time 3:15 3:15 PM
Other Features Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program
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Bonanza Vs SAMCO Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas SAMCO is rated 3.3 of 5 based on 20 customer reviews.

  Bonanza SAMCO
  7 Customer Reviews    Rate Bonanza 20 Customer Reviews    Rate SAMCO
Fees 3.4 3.5
Brokerage 3.3 3.9
Trading Platform 3.1 2.8
Customer Service 3.7 3.3
Research Capabilities 5.0 2.6
Overall Ratings Rated 3.6 stars Rated 3.3 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews SAMCO is rated 3.3 of 5 based on 20 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire SAMCO Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer
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Bonanza Vs SAMCO Investment Options

  Bonanza SAMCO
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD No
Debt No No
Other Investment Options Insurance
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Bonanza Vs SAMCO Order Type Offered

  Bonanza SAMCO
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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Bonanza Vs SAMCO Research Report

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

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

  Bonanza SAMCO
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
  • A technology-driven stockbroker with significantly fewer overheads.
  • Flat Rs 20 per trade low-cost trading across segments.
  • Instant paperless online account opening process.
  • Margin products available for delivery margin and margin against shares.
  • StockNote, a mobile trading app with personalized news, managed alerts, advanced charts, and watch list with any number of shares.
  • Guest user for mobile app StockNote which allows you to check the app even before you becomes a customer.
  • Advance order types i.e. bracket order and cover order with up to 33 times leverage
  • Free 'NEST Trader' install-able trading terminal for frequent traders.
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.
  • No branch offices.
  • Mutual Fund investment is now available.
  • Online IPO applications are not available.
  • Additional charges for broker assisted traders (Call & Trade).
Reviews
Promo / Offers

AMC are waived off for the 1st year

SAMCO has 2 limited time special offers running at this time.

  1. Trading & Demat Account Opening Fee Waived

    Open trading and demat account at absolutely no cost. The account opening fee is waived for limited period of time.

  2. 100% Brokerage Cash Back for 1st Month

    Open an account with SAMCO, download mobile trading app StockNote and get 100% cashback on brokerage paid for trades done through mobile app in 1st month. This cashback offer works only for trade executed using mobile app.

Get the Special Offer

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