Bonanza Vs Tradeplus (Compare Bonanza and Tradeplus)


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


Tradeplus
Tradeplus is an online stock broker (hybrid of traditional and discount broker) offering trading & investment at BSE, NSE and MCX. Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in few segments. The unlimited trading plans are available in Commodities, Equity&Options and Currency Derivatives segments. Tradeplus also offer demat account services at a low AMC charge of Rs 90 per year. Tradeplus also offer Online Mutual... Know more about Tradeplus (Navia Markets Ltd)

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Bonanza Vs Tradeplus

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 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Bonanza Tradeplus
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Year of Incorporation 1994 1995
Number of Branches 1784
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Tradeplus.
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Bonanza Vs Tradeplus Charges & AMC

Bonanza trading account opening charges is Rs 999 while Tradeplus account opening changes is Rs 0. Bonanza Demat Account AMC Charges is Nil and Tradeplus Demat Account AMC Charges is Rs 0.

  Bonanza Tradeplus
Trading Account Opening Charges Rs 999 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Nil Rs 0
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Bonanza Vs Tradeplus Brokerage Charges & Plans

Bonanza Vs Tradeplus Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

  Bonanza Tradeplus
Account Type Flat Brokerage Plan Flat Zero brokerage Scheme
Fixed Charges As per segment
Equity Delivery Rs 18 per executed order Rs 0 (Free)
Equity Intraday Rs 18 per executed order NA
Equity Futures Rs 18 per executed order Rs 799 per month (unlimited trading)
Equity Options Rs 18 per executed order Rs 99 per month (unlimited trading)
Currency Futures Rs 18 per executed order Rs 99 per month (unlimited trading)
Currency Options Rs 18 per executed order Rs 99 per month (unlimited trading)
Commodity Futures Rs 18 per executed order Rs 99 per month (unlimited trading)
Commodity Options Rs 18 per executed order Rs 99 per month (unlimited trading)
Special Offer
Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

Bonanza Vs Tradeplus Brokerage Plan 2

  Bonanza Tradeplus
Account Type Flat Brokerage Plan Flexi Brokerage Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order Rs 0 (Free)
Equity Intraday Rs 18 per executed order Lower of - Rs 9 per trade or 0.01%
Equity Futures Rs 18 per executed order Rs 9 per executed order
Equity Options Rs 18 per executed order Rs 9 per executed order
Currency Futures Rs 18 per executed order Rs 9 per executed order
Currency Options Rs 18 per executed order Rs 9 per executed order
Commodity Futures Rs 18 per executed order Rs 9 per executed order
Commodity Options Rs 18 per executed order Rs 9 per executed order
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Bonanza Charges Vs Tradeplus

Minimum Brokerage Intraday - .0001% and Delivery - .005%
Other Charges SMS Charges: Rs 100 per segment.
Call & Trade Charges Rs 25 per trade Flat Rs 75 per day
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Bonanza Vs Tradeplus 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 Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

  Bonanza Tradeplus
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 345 per crore (0.00345%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) Rs 345 per crore (0.00345%) (sale side)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) Rs 360 per crore (0.0036%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) Rs 7800 per crore (0.078%)(on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) Rs 140 per crore (0.0014%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) Rs 6000 (on premium) per crore (0.06%)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) Rs 500 (0.005%)
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Bonanza Vs Tradeplus 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 Tradeplus 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 Tradeplus
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 Tradeplus Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Tradeplus offers INFINI, NSE NOW trading software.

  Bonanza Tradeplus
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App INFINI, NSE NOW
Intraday Square-off Time 3:15
Other Features
Referral Program
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Bonanza Vs Tradeplus Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

  Bonanza Tradeplus
  7 Customer Reviews    Rate Bonanza 35 Customer Reviews    Rate Tradeplus
Fees 3.4 3.6
Brokerage 3.3 4.1
Trading Platform 3.1 2.8
Customer Service 3.7 2.7
Research Capabilities 5.0 2.0
Overall Ratings Rated 3.6 stars Rated 3.0 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Tradeplus is rated 3.0 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Tradeplus Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer
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Bonanza Vs Tradeplus Investment Options

  Bonanza Tradeplus
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
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Bonanza Vs Tradeplus Order Type Offered

  Bonanza Tradeplus
Bracket Order No Yes
Cover Order No Yes
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 Tradeplus Research Report

  Bonanza Tradeplus
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Bonanza Vs Tradeplus Suitable For Investor Type

  Bonanza Tradeplus
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Tradeplus - Pros and Cons

  Bonanza Tradeplus
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. Unlimited monthly trading plans available for frequent traders.
  2. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment.
  3. Low demat AMC or Rs 90 per month.
  4. Analysis tools available for intraday trading.
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. Customer has to pay software charges.
  2. High call & trade charges. Rs 1000 per month.
  3. Lower margin.
Reviews
Promo / Offers

AMC are waived off for the 1st year

Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade

Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.

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