Bonanza Vs TradeSmart (Compare Bonanza and 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
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Year of Incorporation 1994 1994
Number of Branches 1784 1
Open an Online Trading Account with Bonanza.Open an Online Trading Account with TradeSmart.
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Bonanza Vs TradeSmart Charges & AMC

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

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

Bonanza Vs TradeSmart Brokerage

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

  Bonanza TradeSmart
Account Type Flat Brokerage Plan Power Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order Rs 15 per order
Equity Intraday Rs 18 per executed order Rs 15 per order
Equity Futures Rs 18 per executed order Rs 15 per order
Equity Options Rs 18 per executed order Rs 15 per order
Currency Futures Rs 18 per executed order Rs 15 per order
Currency Options Rs 18 per executed order Rs 15 per order
Commodity Futures Rs 18 per executed order Rs 15 per order
Commodity Options Rs 18 per executed order Rs 15 per order
Special Offer
Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

Bonanza Vs TradeSmart Brokerage Plan 2

  Bonanza TradeSmart
Account Type Flat Brokerage Plan Value Plan
Fixed Charges
Equity Delivery Rs 18 per executed order 0.07%
Equity Intraday Rs 18 per executed order 0.007%
Equity Futures Rs 18 per executed order 0.007%
Equity Options Rs 18 per executed order Rs 7 Per Lot
Currency Futures Rs 18 per executed order 0.007%
Currency Options Rs 18 per executed order Rs 7 Per Lot
Commodity Futures Rs 18 per executed order 0.007%
Commodity Options Rs 18 per executed order Rs 7 Per Lot
Enquire BonanzaOpen TradeSmart Account

Bonanza Charges Vs TradeSmart

Minimum Brokerage Intraday - .0001% and Delivery - .005% Rs 15 per executed order
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 25 per trade Rs 20 per executed order
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Bonanza Vs TradeSmart 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 TradeSmart exchange transaction charges for options is 0.0715%.

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

  Bonanza TradeSmart
  7 Customer Reviews    Rate Bonanza 67 Customer Reviews    Rate TradeSmart
Fees 3.4 3.8
Brokerage 3.3 4.4
Trading Platform 3.1 3.8
Customer Service 3.7 4.0
Research Capabilities 5.0 2.7
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 67 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire TradeSmart Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
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Bonanza Vs TradeSmart Investment Options

  Bonanza TradeSmart
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
  • 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 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.
  • Call and Trade is charged at extra Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 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.
Reviews Useful Articles:
Promo / Offers

AMC are waived off for the 1st year

Flat Rs 15 per trade

  • Flat Rs 15 per trade across all segments +
  • Get Margin against your shares +
  • API for alog trading.

This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.

Enquire BonanzaOpen TradeSmart Account

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Bonanza TradeSmart
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