Bonanza Vs SMC Global (Compare Bonanza and SMC Global)


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


SMC Global
Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through offices in Dubai. They have huge network of 50+ branches and 2,400 registered sub-brokers and authorized persons with a PAN-India presence. SMC's Online Trading portal is one stop financial investment portal of SMC Global Ltd. They offers online trading... Know more about SMC Global Limited

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Bonanza Vs SMC Global

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, SMC Global is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX. It has 2450 branches across India.

  Bonanza SMC Global
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX, NCDEX
Year of Incorporation 1994 1994
Number of Branches 1784 2450
Open an Online Trading Account with Bonanza.Open an Online Trading Account with SMC Global.
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Bonanza Vs SMC Global Charges & AMC

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

  Bonanza SMC Global
Trading Account Opening Charges Rs 999 Nil
Trading Account AMC Charges Nil Nil
Demat Account Opening Charges Nil Rs 499
Demat Account AMC Charges Nil Rs 300
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Bonanza Vs SMC Global Brokerage Charges & Plans

Bonanza Vs SMC Global Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas SMC Global brokerage charges for equity is 0.3% and intraday is 0.03%.

  Bonanza SMC Global
Account Type Flat Brokerage Plan
Fixed Charges
Equity Delivery Rs 18 per executed order 0.3%
Equity Intraday Rs 18 per executed order 0.03%
Equity Futures Rs 18 per executed order 0.03%
Equity Options Rs 18 per executed order Rs 70 per lot
Currency Futures Rs 18 per executed order 0.03%
Currency Options Rs 18 per executed order Rs 20 per lot
Commodity Futures Rs 18 per executed order 0.03%
Commodity Options Rs 18 per executed order 0.03%
Special Offer

Bonanza Charges Vs SMC Global

Minimum Brokerage Intraday - .0001% and Delivery - .005% Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges
Call & Trade Charges Rs 25 per trade
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Bonanza Vs SMC Global 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 SMC Global exchange transaction charges for options is 0.065% (on premium).

  Bonanza SMC Global
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) 0.0029%
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) 0.065% (on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) 0.0029%
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) 0.065% (on premium)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) 0.0030%
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Bonanza Vs SMC Global 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 SMC Global 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 SMC Global
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 SMC Global Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. SMC Global offers SMC Privilege, Easy Trader, Mobitrader, Tab Trader trading software.

  Bonanza SMC Global
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes
Online Portfolio Yes Yes
Margin Trading Funding 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 SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time 3:15
Other Features
Referral Program
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Bonanza Vs SMC Global Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas SMC Global is rated 4.1 of 5 based on 29 customer reviews.

  Bonanza SMC Global
  7 Customer Reviews    Rate Bonanza 29 Customer Reviews    Rate SMC Global
Fees 3.4 3.9
Brokerage 3.3 3.8
Trading Platform 3.1 4.0
Customer Service 3.7 4.1
Research Capabilities 5.0 4.3
Overall Ratings Rated 3.6 stars Rated 4.1 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews SMC Global is rated 4.1 of 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire SMC Global Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Bonanza Vs SMC Global Investment Options

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

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

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

  Bonanza SMC Global
Casual Investor
Active Investor Yes
Trader Yes
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Bonanza Vs SMC Global - Pros and Cons

  Bonanza SMC Global
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
  1. They have 50+ branches for extensive reach.
  2. Call and trade facility is also available.
  3. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
  4. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  5. Trading is available in both BSE and NSE.
  6. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
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.
  1. Mobile trading on NSE is not available.
  2. They don't offer 3 in 1 account.
  3. There charge extra for their featured products.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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