Bonanza Vs TradeSmart (Compare Bonanza and TradeSmart)

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


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


TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services Ltd

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Bonanza Vs TradeSmart

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 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  Bonanza TradeSmart
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Flat Brokerage Plan Power Plan (₹15/Order)
Year of Incorporation 1994 1994
Number of Branches 1784 1
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 TradeSmart. Leave your contact info and we will get in touch with you.
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Bonanza Vs TradeSmart Charges & AMC

Bonanza trading account opening charges is ₹999 while TradeSmart account opening changes is ₹200. Bonanza Demat Account AMC Charges is Nil and TradeSmart Demat Account AMC Charges is ₹300.

  Bonanza TradeSmart
Trading Account Opening Charges ₹999 ₹200
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹200
Demat Account AMC Charges Nil ₹300
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Bonanza Vs TradeSmart Brokerage Charges & Plans

Bonanza Vs TradeSmart Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order.

  Bonanza TradeSmart
Account Type Flat Brokerage Plan Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order ₹15 per executed order
Equity Intraday Brokerage ₹18 per executed order ₹15 per executed order
Equity Futures Brokerage ₹18 per executed order ₹15 per executed order
Equity Options Brokerage ₹18 per executed order ₹15 per executed order
Currency Futures Trading Brokerage ₹18 per executed order ₹15 per executed order
Currency Options Trading Brokerage ₹18 per executed order ₹15 per executed order
Commodity Futures Trading Brokerage ₹18 per executed order ₹15 per executed order
Commodity Options Trading Brokerage ₹18 per executed order ₹15 per executed order
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

Bonanza Vs TradeSmart Brokerage Plan 2

  Bonanza TradeSmart
Account Type Flat Brokerage Plan Value Plan
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order 0.007%
Equity Intraday Brokerage ₹18 per executed order 0.007%
Equity Futures Brokerage ₹18 per executed order 0.007%
Equity Options Brokerage ₹18 per executed order ₹7 Per Lot
Currency Futures Trading Brokerage ₹18 per executed order 0.007%
Currency Options Trading Brokerage ₹18 per executed order ₹7 Per Lot
Commodity Futures Trading Brokerage ₹18 per executed order 0.007%
Commodity Options Trading Brokerage ₹18 per executed order ₹7 Per Lot
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Bonanza Charges Vs TradeSmart

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹15 per executed order
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹25 per trade ₹20 per executed order
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Bonanza Vs TradeSmart Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while TradeSmart exchange transaction charges for options is 0.0715%.

  Bonanza TradeSmart
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.0035%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.0035%
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) 0.0024%
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) 0.0715%
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) 0.00165%
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) 0.06%
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) 0.0039%
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Bonanza Vs TradeSmart Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the TradeSmart margin for intraday cash is 30x trading margin.

  Bonanza TradeSmart
Equity Delivery Upto 10x + Interest 1x (no margin)
Equity Intraday Upto 10x 30x trading margin
Equity Futures Upto 3x MIS: 3X | BO: 7X | CO: 7X
Equity Options Upto 2x for shorting MIS: 3X | BO: 7X | CO: 7X
Currency Futures Upto 2x MIS: 3X | BO: 3X | CO: 3X
Currency Options Upto 2x for shorting MIS: 3X | BO: NA | CO: NA
Commodity Futures Upto 3x MIS: 2X | BO: 6X | CO: 6X
Commodity Options MIS: NA | BO: NA | CO: NA
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Compare Bonanza and TradeSmart Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. TradeSmart offers NEST, NOW, Spin trading software.

  Bonanza TradeSmart
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
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 NEST, NOW, Spin
Intraday Square-off Time 3:15 Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features
Referral Program Yes
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Bonanza Vs TradeSmart Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 64 customer reviews.

  Bonanza TradeSmart
  7 Customer Reviews    Rate Bonanza 64 Customer Reviews    Rate TradeSmart
Fees 3.4 3.8
Trading Brokerage 3.3 4.4
Trading Platform Usability 3.1 3.7
Customer Service 3.7 4.0
Research Capabilities 5.0 3.0
Overall Ratings Rated 3.6 stars Rated 4.0 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews TradeSmart is rated 4.0 of 5 based on 64 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire TradeSmart Enquire
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FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

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Bonanza Vs TradeSmart Investment Options

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

  Bonanza TradeSmart
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes No
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 TradeSmart Research Report

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

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

  Bonanza TradeSmart
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
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
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.
  • Call and Trade is charged at extra ₹20 per executed order.
  • Physical contract notes ₹20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
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Promo / Offers

AMC are waived off for the 1st year

Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

Get this limited time offer
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