Bonanza Vs TradingBells (Compare Bonanza and TradingBells)

Bonanza Vs TradingBells

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 , TradingBells is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has branches across India.

	Bonanza	TradingBells
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX, NFO, CDS	NSE, BSE, MCX and NCDEX
Year of Incorporation	1994
Number of Branches	1784
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Bonanza Vs TradingBells Charges & AMC

Bonanza trading account opening charges is Rs 999 while TradingBells account opening changes is Rs 300 Equity | Rs 200 Commodity. Bonanza Demat Account AMC Charges is Nil and TradingBells Demat Account AMC Charges is Rs 300.

	Bonanza	TradingBells
Trading Account Opening Charges	Rs 999	Rs 300 Equity | Rs 200 Commodity
Trading Account AMC Charges	Nil	Nil
Demat Account Opening Charges	Nil	Rs 150
Demat Account AMC Charges	Nil	Rs 300

Bonanza Vs TradingBells Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas TradingBells brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per trade.

	Bonanza	TradingBells
Account Type	Flat Brokerage Plan	Standard Plan
Fixed Charges		Nil
Equity Delivery	Rs 18 per executed order	Rs 0 (Free)
Equity Intraday	Rs 18 per executed order	Rs 20 per trade
Equity Futures	Rs 18 per executed order	Rs 20 per trade
Equity Options	Rs 18 per executed order	Rs 20 per trade
Currency Futures	Rs 18 per executed order	Rs 20 per trade
Currency Options	Rs 18 per executed order	Rs 20 per trade
Commodity Futures	Rs 18 per executed order	Rs 20 per trade
Commodity Options	Rs 18 per executed order
Special Offer		Special Offer: Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

Bonanza Charges Vs TradingBells

Minimum Brokerage	Intraday - .0001% and Delivery - .005%	Rs 0
Other Charges		Brokerage charge is 0.01% or Rs 20 per executed order, whichever is lower.
Call & Trade Charges	Rs 25 per trade	Additional Rs 20 per executed order

Bonanza Vs TradingBells 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 TradingBells exchange transaction charges for options is NSE Rs 6000 per crore | BSE Rs 3000 per crore (each side) (on premium).

	Bonanza	TradingBells
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore | BSE Rs 275 per crore (each side
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore | BSE Rs 275 per crore (each side
Equity Futures	NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side)	NSE Rs 210 per crore | BSE Rs 70 per crore (each side)
Equity Options	NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium)	NSE Rs 6000 per crore | BSE Rs 3000 per crore (each side) (on premium)
Currency Futures	NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)	NSE Rs 135 per crore (0.00135%)
Currency Options	NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)	NSE Rs 4400 (on premium) per crore (0.044%)
Commodity	MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)	Non-Agri Rs 310 (0.0036%) | Agri (NCDEX) Rs 400 per Cr
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Bonanza Vs TradingBells 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 TradingBells 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	TradingBells
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 TradingBells Features

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

	Bonanza	TradingBells
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	ODIN, NSE NOW, JUSTRADE
Intraday Square-off Time	3:15	Eq: 3:15PM | Curr/Commodity: 15 Mins before market closes
Other Features
Referral Program
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Bonanza Vs TradingBells Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas TradingBells is rated 4.0 of 5 based on 6 customer reviews.

	Bonanza	TradingBells
	7 Customer Reviews	6 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	TradingBells is rated 4.0 of 5 based on 6 customer reviews

Bonanza Vs TradingBells Investment Options

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

Bonanza Vs TradingBells Order Type Offered

	Bonanza	TradingBells
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 TradingBells Research Report

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

Bonanza Vs TradingBells Suitable For Investor Type

	Bonanza	TradingBells
Casual Investor
Active Investor
Trader

Bonanza Vs TradingBells - Pros and Cons

	Bonanza	TradingBells
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	Discount stock broker. Offer margin funding and higher exposure. No brokerage charges for equity delivery trades. 3 different trading platforms: ODIN, NSE Now, JUSTRADE Online IPO and Mutual Funds available. Free trading software Branches in 80+ cities.
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.	Call & trade is changed Rs 20 extra. Doesn't offer 3-in-1 account Charge annual maintenance change on demat account.
Reviews
Promo / Offers	AMC are waived off for the 1st year	Free Equity Delivery Trading Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with TradingBells, simply leave your contact information with us and TradingBells representatives will call you.
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