Bonanza Vs Upstox (Compare Bonanza and Upstox)


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


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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Bonanza Vs Upstox

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 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Bonanza Upstox
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Year of Incorporation 1994 2012
Number of Branches 1784 4
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Upstox.
Enquire BonanzaOpen Upstox Account
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Bonanza Vs Upstox Charges & AMC

Bonanza trading account opening charges is Rs 999 while Upstox account opening changes is Rs 0 (Free). Bonanza Demat Account AMC Charges is Nil and Upstox Demat Account AMC Charges is Rs 300.

  Bonanza Upstox
Trading Account Opening Charges Rs 999 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Nil Rs 300
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Bonanza Vs Upstox Brokerage Charges & Plans

Bonanza Vs Upstox Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Bonanza Upstox
Account Type Flat Brokerage Plan Default
Fixed Charges NA
Equity Delivery Rs 18 per executed order Rs 0 (Free)
Equity Intraday Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 18 per executed order Rs 20 per executed order
Currency Futures Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 18 per executed order Rs 20 per executed order
Commodity Futures Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 18 per executed order Rs 20 per executed order
Special Offer
Special Offer: Open Free trading account + Brokerage Rs 0 for Eq Delivery and Rs 20 for Intra-day and F&O + Free Digital Gold (worth Rs 51). It is a limited-time offer. Open Instant Account online and start trading the same day.

Bonanza Charges Vs Upstox

Minimum Brokerage Intraday - .0001% and Delivery - .005% 0.05%
Other Charges
Call & Trade Charges Rs 25 per trade Rs 20 per trade
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Bonanza Vs Upstox 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 Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Bonanza Upstox
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) NSE Rs 200 per Cr (0.002%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) Group A - Rs 290 per Cr (0.0029%)
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Bonanza Vs Upstox 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 Upstox 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 Upstox
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 Upstox Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Bonanza Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:15 3:00 PM
Other Features Option strategy builder
Referral Program Yes
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Bonanza Vs Upstox Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Upstox is rated 2.5 of 5 based on 109 customer reviews.

  Bonanza Upstox
  7 Customer Reviews    Rate Bonanza 109 Customer Reviews    Rate Upstox
Fees 3.4 3.5
Brokerage 3.3 3.5
Trading Platform 3.1 2.7
Customer Service 3.7 2.3
Research Capabilities 5.0 2.4
Overall Ratings Rated 3.6 stars Rated 2.5 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Upstox is rated 2.5 of 5 based on 109 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Upstox Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Open Free trading account + Brokerage Rs 0 for Eq Delivery and Rs 20 for Intra-day and F&O + Free Digital Gold (worth Rs 51). It is a limited-time offer. Open Instant Account online and start trading the same day.
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Bonanza Vs Upstox Investment Options

  Bonanza Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD No No
Debt No No
Other Investment Options Insurance
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Bonanza Vs Upstox Order Type Offered

  Bonanza Upstox
Bracket Order No No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
Enquire BonanzaOpen Upstox Account
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Bonanza Vs Upstox Research Report

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

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

  Bonanza Upstox
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
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund and digital gold investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
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.
  • No margin funding.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers

AMC are waived off for the 1st year

Open Free demat + trading account

  • Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold.
  • Pay flat Rs 20 for Intra-day and F&O Trades.
  • Get Free Digital Gold (worth Rs 51)

It is a limited-time offer. Open Instant Account online and start trading the same day.

Enquire BonanzaOpen Upstox Account

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