Bonanza Vs Upstox (Compare Bonanza and Upstox)

The side-by-side comparison of Bonanza and Upstox. Compare Bonanza Vs Upstox brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs 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

Expand

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
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Flat Brokerage Plan Upstox Basic
Year of Incorporation 1994 2012
Number of Branches 1784 4
Broker Enquiry Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
Enquire BonanzaEnquire Upstox
Expand

Bonanza Vs Upstox Charges & AMC

Bonanza trading account opening charges is ₹999 while Upstox account opening changes is ₹249. Bonanza Demat Account AMC Charges is Nil and Upstox Demat Account AMC Charges is ₹300.

  Bonanza Upstox
Trading Account Opening Charges ₹999 ₹249
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges Nil ₹300
Expand

Bonanza Vs Upstox Brokerage Charges & Plans

Bonanza Vs Upstox Brokerage

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

  Bonanza Upstox
Account Type Flat Brokerage Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹18 per executed order ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage ₹18 per executed order ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹18 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹18 per executed order ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹18 per executed order ₹20 per executed order
Commodity Futures Trading Brokerage ₹18 per executed order ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage ₹18 per executed order ₹20 per executed order
Special Offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Bonanza Vs Upstox Brokerage Plan 2

  Bonanza Upstox
Account Type Flat Brokerage Plan Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage ₹18 per executed order ₹0
Equity Intraday Brokerage ₹18 per executed order ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage ₹18 per executed order ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹18 per executed order ₹30 per executed order
Currency Futures Trading Brokerage ₹18 per executed order ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹18 per executed order ₹30 per executed order
Commodity Futures Trading Brokerage ₹18 per executed order ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage ₹18 per executed order ₹30 per executed order
Enquire BonanzaEnquire Upstox

Bonanza Charges Vs Upstox

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% 0.05%
Other Brokerage Charges
Call & Trade Charges ₹25 per trade ₹20 per trade
Expand

Bonanza Vs Upstox Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  Bonanza Upstox
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE ₹210 per Cr (0.0021%)
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) Group A - ₹290 per Cr (0.0029%)
Enquire BonanzaEnquire Upstox
Expand

Bonanza Vs Upstox Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Upstox margin for intraday cash is Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x.

  Bonanza Upstox
Equity Delivery Upto 10x + Interest 1x (no margin)
Equity Intraday Upto 10x Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures Upto 3x Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options Upto 2x for shorting Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures Upto 2x Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options Upto 2x for shorting Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures Upto 3x Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options
Enquire BonanzaEnquire Upstox
Expand

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 Available 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 3:15 PM
Other Features Option strategy builder
Referral Program Yes
Enquire BonanzaEnquire Upstox
Expand

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 96 customer reviews.

  Bonanza Upstox
  7 Customer Reviews    Rate Bonanza 96 Customer Reviews    Rate Upstox
Fees 3.4 3.5
Trading Brokerage 3.3 3.5
Trading Platform Usability 3.1 2.7
Customer Service 3.7 2.3
Research Capabilities 5.0 2.3
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 96 customer reviews
Expand

Contact Broker / Request A Call Back

  Bonanza Enquire Upstox Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Expand

Bonanza Vs Upstox Investment Options

  Bonanza Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes No
Bond / NCD No No
Debt No No
Other Investment Options Insurance
Expand

Bonanza Vs Upstox Order Type Offered

  Bonanza Upstox
Bracket Order No Yes
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 BonanzaEnquire Upstox
Expand

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
Expand

Bonanza Vs Upstox Suitable For Investor Type

  Bonanza Upstox
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
Expand

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
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are available.
Cons
  1. Call & trade is charged extra at the rate of ₹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.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
Reviews
Promo / Offers

AMC are waived off for the 1st year

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

Request Callback
Enquire BonanzaEnquire Upstox

Compare More Brokers...

Bonanza Upstox
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App