Bonanza Vs SBI Securities (Compare Bonanza and SBI Securities)

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


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


SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities Ltd

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Bonanza Vs SBI Securities

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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

  Bonanza SBI Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE
Account Type Flat Brokerage Plan eZ-trade
Year of Incorporation 1994 2001
Number of Branches 1784 117
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Bonanza Vs SBI Securities Charges & AMC

Bonanza trading account opening charges is ₹999 while SBI Securities account opening changes is ₹850. Bonanza Demat Account AMC Charges is Nil and SBI Securities Demat Account AMC Charges is ₹350.

  Bonanza SBI Securities
Trading Account Opening Charges ₹999 ₹850
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹0
Demat Account AMC Charges Nil ₹350
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Bonanza Vs SBI Securities Brokerage Charges & Plans

Bonanza Vs SBI Securities Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  Bonanza SBI Securities
Account Type Flat Brokerage Plan eZ-trade
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order 0.50%
Equity Intraday Brokerage ₹18 per executed order 0.05%
Equity Futures Brokerage ₹18 per executed order 0.05%
Equity Options Brokerage ₹18 per executed order ₹100 per lot
Currency Futures Trading Brokerage ₹18 per executed order 0.03%
Currency Options Trading Brokerage ₹18 per executed order ₹30 per lot
Commodity Futures Trading Brokerage ₹18 per executed order NA
Commodity Options Trading Brokerage ₹18 per executed order NA
Special Offer

Bonanza Charges Vs SBI Securities

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0.05 for Cash, ₹0.01 Future
Other Brokerage Charges
Call & Trade Charges ₹25 per trade ₹10 per call (after 30 free calls a month)
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Bonanza Vs SBI Securities Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while SBI Securities exchange transaction charges for options is NSE: 0.05515% (₹5515/Crore).

  Bonanza SBI Securities
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE: 0.002206% (₹221/Crore)
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE: 0.05515% (₹5515/Crore)
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) 0.002206%
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) NSE: 0.05515% (₹5515/Crore)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
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Bonanza Vs SBI Securities Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the SBI Securities margin for intraday cash is Upto 5x.

  Bonanza SBI Securities
Equity Delivery Upto 10x + Interest 2x with Intrest
Equity Intraday Upto 10x Upto 5x
Equity Futures Upto 3x Nil
Equity Options Upto 2x for shorting Nil
Currency Futures Upto 2x Nil
Currency Options Upto 2x for shorting Nil
Commodity Futures Upto 3x NA
Commodity Options
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Compare Bonanza and SBI Securities Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.

  Bonanza SBI Securities
3 in 1 Account No Yes
Charting Yes No
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)
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 3:15 2:45 PM
Other Features
Referral Program
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Bonanza Vs SBI Securities Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas SBI Securities is rated 2.6 of 5 based on 140 customer reviews.

  Bonanza SBI Securities
  7 Customer Reviews    Rate Bonanza 140 Customer Reviews    Rate SBI Securities
Fees 3.4 3.2
Trading Brokerage 3.3 2.8
Trading Platform Usability 3.1 2.6
Customer Service 3.7 2.8
Research Capabilities 5.0 2.3
Overall Ratings Rated 3.6 stars Rated 2.6 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews SBI Securities is rated 2.6 of 5 based on 140 customer reviews
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Bonanza Vs SBI Securities Investment Options

  Bonanza SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance
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Bonanza Vs SBI Securities Order Type Offered

  Bonanza SBI Securities
Bracket Order No No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
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Bonanza Vs SBI Securities Research Report

  Bonanza SBI Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs SBI Securities Suitable For Investor Type

  Bonanza SBI Securities
Casual Investor Yes
Active Investor Yes
Trader Yes
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Bonanza Vs SBI Securities - Pros and Cons

  Bonanza SBI Securities
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
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
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.
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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