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
Supported Exchnages	BSE, NSE, MCX, NCDEX, NFO, CDS	NSE, BSE, MCX, NCDEX
Account Type	Flat Brokerage Plan
Year of Incorporation	1994	1994
Number of Branches	1784	2450
Broker Enquiry
	Enquire Bonanza	Enquire SMC Global

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 Brokerage	Rs 18 per executed order	0.3%
Equity Intraday Brokerage	Rs 18 per executed order	0.03%
Equity Futures Brokerage	Rs 18 per executed order	0.03%
Equity Options Brokerage	Rs 18 per executed order	Rs 70 per lot
Currency Futures Trading Brokerage	Rs 18 per executed order	0.03%
Currency Options Trading Brokerage	Rs 18 per executed order	Rs 20 per lot
Commodity Futures Trading Brokerage	Rs 18 per executed order	0.03%
Commodity Options Trading Brokerage	Rs 18 per executed order	0.03%
Special Offer

Bonanza Charges Vs SMC Global

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	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%
	Enquire Bonanza	Enquire SMC Global

Bonanza Vs SMC Global Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the SMC Global margin for intraday cash is Upto 10x Intraday.

	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
	Enquire Bonanza	Enquire SMC Global

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 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
	Enquire Bonanza	Enquire SMC Global

Bonanza Vs SMC Global Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas SMC Global is rated 3.7 of 5 based on 16 customer reviews.

	Bonanza	SMC Global
	7 Customer Reviews	16 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Bonanza is rated 3.6 of 5 based on 7 customer reviews	SMC Global is rated 3.7 of 5 based on 16 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 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)
	Enquire Bonanza	Enquire SMC Global

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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