Unlimited Trading @ Rs 899 per month - Prostocks

Bonanza Vs Upstox (Compare Bonanza and Upstox)

The side-by-side comparison of Bonanza and Upstox. Compare Bonanza Vs Upstox brokerage, charges, exposure margin, demat account. Read Upstox and Bonanza review.

Find out Bonanza Vs Upstox which is better and Bonanza Vs Upstox which is best.

Our Bonanza Portfolio Ltd comparison with Upstox highlights the major differences between two brokers. Find the best between Bonanza and Upstox.

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Bonanza Vs Upstox

  Bonanza Upstox
Find more info about broker
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.
Year of Incorporation 1994 2012
Number of Branches 1784 4
Enquire Bonanza Enquire Upstox
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Bonanza Vs Upstox Charges

  Bonanza 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 ₹250 ₹150
Demat Account is Mandatory? No No
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Bonanza Vs Upstox Brokerage

Brokerage Plan 1

  Bonanza Upstox
Account Type Default Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.10% ₹0 (Free)
Equity Intraday Brokerage 0.005% ₹20 per executed order
Equity Futures Brokerage 0.005% ₹20 per executed order
Equity Options Brokerage ₹15 per Lot ₹20 per executed order
Currency Futures Trading Brokerage 0.0025% ₹20 per executed order
Currency Options Trading Brokerage ₹5 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.004% ₹20 per executed order
Commodity Options Trading Brokerage ₹20 per executed order
Special Offer
Special Offer: FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

Brokerage Plan 2

  Bonanza Upstox
Account Type Plan 1000 Upstox Priority
Fixed Charges
Equity Delivery Brokerage 0.1% ₹0
Equity Intraday Brokerage 0.005% ₹30 per executed order
Equity Futures Brokerage 0.005% ₹30 per executed order
Equity Options Brokerage ₹15 per lot ₹30 per executed order
Currency Futures Trading Brokerage .0025% ₹30 per executed order
Currency Options Trading Brokerage ₹5 per lot ₹30 per executed order
Commodity Futures Trading Brokerage 0.004% ₹30 per executed order
Commodity Options Trading Brokerage ₹30 per executed order

Brokerage Plan 3

  Bonanza Upstox
Account Type Plan 7500 Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.025% ₹0 (Free)
Equity Intraday Brokerage 0.00312% ₹20 per executed order
Equity Futures Brokerage 0.00312% ₹20 per executed order
Equity Options Brokerage ₹10 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.0015% ₹20 per executed order
Currency Options Trading Brokerage ₹4 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.00208% ₹20 per executed order
Commodity Options Trading Brokerage ₹20 per executed order

Other Charges

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

  Bonanza Upstox
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Bonanza Vs Upstox Transaction Charges

  Bonanza Upstox
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 | BSE ₹275
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 | BSE ₹275
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE ₹210
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE ₹5500
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) ₹150
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) ₹6000
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) MCX ₹260/Cr
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Bonanza Vs Upstox Exposure Margin

  Bonanza 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 Futures Upto 3x Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
Commodity Options
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Bonanza and Upstox Feature Comparison

  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
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Bonanza Vs Upstox Review

  Bonanza Upstox
  6 Customer Reviews    Rate Bonanza 65 Customer Reviews    Rate Upstox
Fees 3.2 3.6
Trading Brokerage 3.0 3.7
Trading Platform Usability 3.2 2.7
Customer Service 3.5 2.5
Research Capabilities 2.5
Overall Ratings Rated 3.3 stars Rated 2.6 stars
Broker Rating Bonanza is Rated 3.3 / 5 based on 6 customer reviews Upstox is Rated 2.6 / 5 based on 65 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....

FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

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Bonanza Vs Upstox Investment Options

  Bonanza 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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Bonanza Vs Upstox Customer Service

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

  Bonanza 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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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
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Upstox - Advantages and Disadvantages

  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

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 ₹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
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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