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 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
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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

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

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
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	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	35 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	Tradeplus is rated 3.0 of 5 based on 35 customer reviews

Bonanza Vs Tradeplus Investment Options

	Bonanza	Tradeplus
Stock / Equity
Commodity
Currency
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 Rs 90 per month. Analysis tools available for intraday trading.
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.	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. 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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