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Bonanza Vs Upstox Share Broker Comparison

The side-by-side comparison of Bonanza Portfolio Ltd and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Bonanza and Upstox's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Bonanza and Upstox.

  Bonanza Portfolio Ltd Upstox
 
Bonanza Portfolio Ltd Logo Upstox Logo
About the Broker 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 provide... Know more about Bonanza Portfolio Ltd 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 ... Know more about Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Default Plan Upstox Basic
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.
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Stock Broker Fees / Charges

  Bonanza Portfolio Ltd Upstox
Trading Account Opening Fees Nil ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC Nil ₹0
Demat Account Opening Fees Nil ₹0
Demat Account AMC Rs 250 ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Bonanza Portfolio Ltd Upstox
Account Type Default Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.10% ₹0
Equity Intraday Brokerage 0.005% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.005% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage Rs 15 per Lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage 0.0025% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage Rs 5 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage 0.004% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage

Brokerage Plan 2

  Bonanza Portfolio Ltd Upstox
Account Type Plan 1000 Upstox Priority
Fixed Charges ₹0
Equity Delivery Brokerage 0.1% ₹0
Equity Intraday Brokerage 0.005% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage 0.005% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage 15 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage .0025% ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage 5 per lot ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage 0.004% ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Brokerage Plan 3

  Bonanza Portfolio Ltd Upstox
Account Type Plan 7500 Upstox Basic
Fixed Charges ₹0
Equity Delivery Brokerage 0.025% ₹0
Equity Intraday Brokerage 0.00312% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.00312% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage 10 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage 0.0015% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage 4 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage 0.00208% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0
Other Brokerage Charges
Call & Trade Charges Rs 25 per trade ₹20 per trade
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Taxes

  Bonanza Portfolio Ltd Upstox
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Bonanza Portfolio Ltd Upstox
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Futures NSE ₹215 | BSE ₹75 NSE ₹210
Equity Options NSE ₹5750 | BSE ₹3250 NSE ₹5500
Currency Futures NSE ₹135 | BSE ₹29 ₹150
Currency Options NSE ₹4750 | BSE ₹754 ₹6000
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100 MCX ₹260/Cr
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Exposure

  Bonanza Portfolio Ltd Upstox
Equity Delivery Upto 10x + Interest 2.5x
Equity Intraday Upto 10x Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Upto 3x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Upto 2x for shorting Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Upto 2x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options Upto 2x for shorting Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Upto 3x Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Bonanza Portfolio Ltd 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)
Margin Against Shares (Equity F&O)
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
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Broker Ratings (Average User Rating)

  Bonanza Portfolio Ltd Upstox
  5 Customer Reviews    Rate Bonanza 49 Customer Reviews    Rate Upstox
Fees Ratings 2.8 3.8
Trading Brokerage Rating 3.0 3.6
Trading Platform Usability 3.2 2.9
Customer Service Ratings 3.4 2.5
Overall Ratings Rated 3.2 stars Rated 2.6 stars
Broker Rating Bonanza is Rated 3.2 / 5 based on 5 customer reviews Upstox is Rated 2.6 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Portfolio Ltd Upstox
Contact / Request Call Back
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Investment Options Available

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

  Bonanza Portfolio Ltd Upstox
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

  Bonanza Portfolio Ltd Upstox
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Bonanza Portfolio Ltd Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Bonanza Portfolio Ltd Upstox
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Bonanza Portfolio Ltd 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

More Advantages...

  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.

More Advantages...

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.

More Disadvantages...

  • 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.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful articles about Upstox:
Promo / Offers

AMC are waived off for the 1st year

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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