Bonanza Vs SMC Global (Compare Bonanza and SMC Global)

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
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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

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

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
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	29 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

Bonanza Vs SMC Global Investment Options

	Bonanza	SMC Global
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Insurance

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)
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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 - Pros and Cons

	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	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.
Cons	Call & trade is charged extra at the rate of Rs 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.	Mobile trading on NSE is not available. They don't offer 3 in 1 account. There charge extra for their featured products.
Reviews
Promo / Offers	AMC are waived off for the 1st year
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