Bonanza Vs SAMCO (Compare Bonanza and SAMCO)

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
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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

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

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
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	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	20 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	SAMCO is rated 3.3 of 5 based on 20 customer reviews

Bonanza Vs SAMCO Investment Options

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

Bonanza Vs SAMCO Order Type Offered

	Bonanza	SAMCO
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 SAMCO Research Report

	Bonanza	SAMCO
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs SAMCO Suitable For Investor Type

	Bonanza	SAMCO
Casual Investor
Active Investor
Trader

Bonanza Vs SAMCO - Pros and Cons

	Bonanza	SAMCO
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	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	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.	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. 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. 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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