Bonanza Vs SMC Global (Compare Bonanza and SMC Global)
The side-by-side comparison of Bonanza and SMC Global. Compare Bonanza Vs SMC Global brokerage, charges, exposure margin, demat account. Read SMC Global and Bonanza review.
Find out Bonanza Vs SMC Global which is better and Bonanza Vs SMC Global which is best.
Our Bonanza Portfolio Ltd comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between Bonanza and SMC Global.
Bonanza Vs SMC Global
Bonanza
SMC Global
Find more info about broker
About the Broker
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 provide...
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 office...
Type of Broker
Full Service Broker
Full Service Broker
Supported Exchnage
BSE, NSE, MCX, NCDEX, NFO, CDS
NSE, BSE, MCX, NCDEX
Account Type
Default Plan
Broker Enquiry
Year of Incorporation
1994
1994
Number of Branches
1784
2450
Enquire Bonanza
Enquire SMC Global
Bonanza Vs SMC Global Charges
Bonanza
SMC Global
Trading Account Opening Fees
Nil
Nil
Trading Account AMC
Nil
Nil
Demat Account Opening Fees
Nil
₹499
Demat Account AMC
₹250
₹300
Demat Account is Mandatory?
No
No
Bonanza Vs SMC Global Brokerage
Brokerage Plan 1
Bonanza
SMC Global
Account Type
Default Plan
Fixed Charges
Equity Delivery Brokerage
0.10%
0.3%
Equity Intraday Brokerage
0.005%
0.03%
Equity Futures Brokerage
0.005%
0.03%
Equity Options Brokerage
₹15 per Lot
₹70 per lot
Currency Futures Trading Brokerage
0.0025%
0.03%
Currency Options Trading Brokerage
₹5 per lot
₹20 per lot
Commodity Futures Trading Brokerage
0.004%
0.03%
Commodity Options Trading Brokerage
0.03%
Special Offer
Brokerage Plan 2
Bonanza
SMC Global
Account Type
Plan 1000
Fixed Charges
Equity Delivery Brokerage
0.1%
0.3%
Equity Intraday Brokerage
0.005%
0.03%
Equity Futures Brokerage
0.005%
0.03%
Equity Options Brokerage
₹15 per lot
₹70 per lot
Currency Futures Trading Brokerage
.0025%
0.03%
Currency Options Trading Brokerage
₹5 per lot
₹20 per lot
Commodity Futures Trading Brokerage
0.004%
0.03%
Commodity Options Trading Brokerage
0.03%
Brokerage Plan 3
Bonanza
SMC Global
Account Type
Plan 7500
Fixed Charges
Equity Delivery Brokerage
0.025%
0.3%
Equity Intraday Brokerage
0.00312%
0.03%
Equity Futures Brokerage
0.00312%
0.03%
Equity Options Brokerage
₹10 per lot
₹70 per lot
Currency Futures Trading Brokerage
0.0015%
0.03%
Currency Options Trading Brokerage
₹4 per lot
₹20 per lot
Commodity Futures Trading Brokerage
0.00208%
0.03%
Commodity Options Trading Brokerage
0.03%
Other Charges
Minimum Brokerage Charges
Intraday - .0001% and Delivery - .005%
Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges
Call & Trade Charges
₹25 per trade
Bonanza Vs SMC Global Taxes
Bonanza
SMC Global
Securities Transaction Tax (STT)
Equity Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Bonanza Vs SMC Global Transaction Charges
Bonanza
SMC Global
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)
0.0029%
Equity Options
NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
0.065% (on premium)
Currency Futures
NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
0.0029%
Currency Options
NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
0.065% (on premium)
Commodity
MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
0.0030%
Bonanza Vs SMC Global Exposure Margin
Bonanza
SMC Global
Equity Delivery
Upto 10x + Interest
Upto 3x
Equity Intraday
Upto 10x
Upto 10x Intraday
Equity Futures
Upto 3x
Upto 2x
Equity Options
Upto 2x for shorting
NA
Currency Futures
Upto 2x
NA
Currency Options
Upto 2x for shorting
NA
Commodity Futures
Upto 3x
Upto 2x
Commodity Options
Bonanza and SMC Global Feature Comparison
Bonanza
SMC Global
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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
Bonanza Vs SMC Global Review
Bonanza
SMC Global
6 Customer Reviews
14 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Bonanza is Rated 3.3 / 5 based on 6 customer reviews SMC Global is Rated 3.9 / 5 based on 14 customer reviews
Bonanza Vs SMC Global Investment Options
Bonanza
SMC Global
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Insurance
Insurance
Bonanza Vs SMC Global Customer Service
Bonanza
SMC Global
24/7 Customer Service
Onine Live Chat
Through Branches
Bonanza Vs SMC Global Order Type Offered
Bonanza
SMC Global
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Bonanza Vs SMC Global Research Report
Bonanza
SMC Global
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Bonanza Vs SMC Global Suitable For Investor Type
Bonanza
SMC Global
Casual Investor
Active Investor
Trader
Bonanza Vs SMC Global - Advantages and Disadvantages
Bonanza
SMC Global
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
More Advantages...
They have 50+ branches for extensive reach.
Call and trade facility is also available.
Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
Trading is available in both BSE and NSE.
Low bandwidth website is available for slow internet connection or for trading from mobile devices.
More Advantages...
Cons
Call & trade is charged extra at the rate of ₹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.
More Disadvantages...
Mobile trading on NSE is not available.
They don't offer 3 in 1 account.
There charge extra for their featured products.
More Disadvantages...
Reviews
Promo / Offers
AMC are waived off for the 1st year
Zerodha
Zero Account Opening Fee