Bonanza Vs Tradeplus (Compare Bonanza and Tradeplus)

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 , 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
Supported Exchnages	BSE, NSE, MCX, NCDEX, NFO, CDS	BSE, NSE, MCX
Account Type	Flat Brokerage Plan	Infinite Trading Plans
Year of Incorporation	1994
Number of Branches	1784
Broker Enquiry
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Bonanza Vs Tradeplus Charges & AMC

Bonanza trading account opening charges is ₹999 while Tradeplus account opening changes is ₹199. Bonanza Demat Account AMC Charges is Nil and Tradeplus Demat Account AMC Charges is ₹500 (5 years).

	Bonanza	Tradeplus
Trading Account Opening Charges	₹999	₹199
Trading Account AMC Charges	Nil	₹0
Demat Account Opening Charges	Nil	₹0
Demat Account AMC Charges	Nil	₹500 (5 years)

Bonanza Vs Tradeplus Brokerage

Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order whereas Tradeplus brokerage charges for equity is ₹0 (Free) and intraday is 0.01%.

	Bonanza	Tradeplus
Account Type	Flat Brokerage Plan	Infinite Trading Plans
Fixed Charges
Equity Delivery Brokerage	₹18 per executed order	₹0 (Free)
Equity Intraday Brokerage	₹18 per executed order	0.01%
Equity Futures Brokerage	₹18 per executed order	₹799 per month (unlimited trading)
Equity Options Brokerage	₹18 per executed order	₹99 per month (unlimited trading)
Currency Futures Trading Brokerage	₹18 per executed order	₹99 per month (unlimited trading)
Currency Options Trading Brokerage	₹18 per executed order	₹99 per month (unlimited trading)
Commodity Futures Trading Brokerage	₹18 per executed order	₹99 per month (unlimited trading)
Commodity Options Trading Brokerage	₹18 per executed order
Special Offer		Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat ₹9 intranet and F&O trade brokerage. Get the offer

Bonanza Vs Tradeplus Brokerage Plan 2

	Bonanza	Tradeplus
Account Type	Flat Brokerage Plan	General Brokerage Plan
Fixed Charges		NA
Equity Delivery Brokerage	₹18 per executed order	₹0 (Free)
Equity Intraday Brokerage	₹18 per executed order	0.01%
Equity Futures Brokerage	₹18 per executed order	0.01%
Equity Options Brokerage	₹18 per executed order	₹60 per lot
Currency Futures Trading Brokerage	₹18 per executed order	₹20 per lot
Currency Options Trading Brokerage	₹18 per executed order	₹60 per lot
Commodity Futures Trading Brokerage	₹18 per executed order	0.01%
Commodity Options Trading Brokerage	₹18 per executed order
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Bonanza Charges Vs Tradeplus

Minimum Brokerage Charges	Intraday - .0001% and Delivery - .005%
Other Brokerage Charges		SMS Charges: ₹100 per segment. Software Charges Equity: ₹499 per month, MCX: ₹249 per month
Call & Trade Charges	₹25 per trade	Flat ₹75 per day

Bonanza Vs Tradeplus Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Tradeplus exchange transaction charges for options is ₹7500 per crore (0.075%)(on premium).

	Bonanza	Tradeplus
Equity Delivery	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	₹330 per crore (0.0033%) (each side)
Equity Intraday	NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)	₹330 per crore (0.0033%) (sale side)
Equity Futures	NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)	₹350 per crore (0.0035%)
Equity Options	NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)	₹7500 per crore (0.075%)(on premium)
Currency Futures	NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)	₹165 per crore (0.00165%)
Currency Options	NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)	₹6000 (on premium) per crore (0.06%)
Commodity	MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)	₹400 (0.004%)
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Bonanza Vs Tradeplus Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Tradeplus margin for intraday cash is Upto 33X.

	Bonanza	Tradeplus
Equity Delivery	Upto 10x + Interest	Upto 4X
Equity Intraday	Upto 10x	Upto 33X
Equity Futures	Upto 3x	Intraday leverage 2X | Cover Order Margin 3%
Equity Options	Upto 2x for shorting	Intraday Leverage of 2X
Currency Futures	Upto 2x	Intraday Leverage of 2X
Currency Options	Upto 2x for shorting	1X
Commodity Futures	Upto 3x	Intraday Leverage of 2X
Commodity Options
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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
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	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 3.1 of 5 based on 31 customer reviews.

	Bonanza	Tradeplus
	7 Customer Reviews	31 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	Tradeplus is rated 3.1 of 5 based on 31 customer reviews

Bonanza Vs Tradeplus Investment Options

	Bonanza	Tradeplus
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Bonanza Vs Tradeplus Order Type Offered

	Bonanza	Tradeplus
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 Tradeplus Research Report

	Bonanza	Tradeplus
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs Tradeplus Suitable For Investor Type

	Bonanza	Tradeplus
Casual Investor
Active Investor
Trader

Bonanza Vs Tradeplus - Pros and Cons

	Bonanza	Tradeplus
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	Unlimited monthly trading plans available for frequent traders. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment. Low demat AMC or ₹90 per month. Analysis tools available for intraday trading.
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.	Customer has to pay software charges. High call & trade charges. ₹1000 per month. Lower margin.
Reviews
Promo / Offers	AMC are waived off for the 1st year	Free Equity Delivery Trade + Flat ₹9 intranet and F&O trade Get free equity delivery trading (zero brokerage) and pay flat ₹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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