Bonanza Vs Wisdom Capital (Compare Bonanza and Wisdom Capital)


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


Wisdom Capital
Incorporated in 2013, Wisdom Capital is an online discount brokerage firm offering brokerage services for stocks, future and options, currency and commodities on NSE, BSE, MCX & NCDEX. Wisdom Capital Group offers broker assisted trade execution and automated online investing on all the stocks in BSE and NSE. They provide tools like charting, live data etc either free of cost or at a minimal price for making informed decisions and substantial gains. Wisdom Capital offers precious metal futu... Know more about Wisdom Capital

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Bonanza Vs Wisdom Capital

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 2013, Wisdom Capital is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 250 branches across India.

  Bonanza Wisdom Capital
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX
Year of Incorporation 1994 2013
Number of Branches 1784 250
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Bonanza Vs Wisdom Capital Charges & AMC

Bonanza trading account opening charges is Rs 999 while Wisdom Capital account opening changes is Rs 0. Bonanza Demat Account AMC Charges is Nil and Wisdom Capital Demat Account AMC Charges is Rs 999 (Lifetime).

  Bonanza Wisdom Capital
Trading Account Opening Charges Rs 999 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Nil Rs 999 (Lifetime)
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Bonanza Vs Wisdom Capital Brokerage Charges & Plans

Bonanza Vs Wisdom Capital Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Wisdom Capital brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

  Bonanza Wisdom Capital
Account Type Flat Brokerage Plan Pro Plan
Fixed Charges
Equity Delivery Rs 18 per executed order Rs 9 per executed order
Equity Intraday Rs 18 per executed order Rs 9 per executed order
Equity Futures Rs 18 per executed order Rs 9 per executed order
Equity Options Rs 18 per executed order Rs 9 per executed order
Currency Futures Rs 18 per executed order Rs 9 per executed order
Currency Options Rs 18 per executed order Rs 9 per executed order
Commodity Futures Rs 18 per executed order Rs 9 per executed order
Commodity Options Rs 18 per executed order Rs 9 per executed order
Special Offer

Bonanza Vs Wisdom Capital Brokerage Plan 2

  Bonanza Wisdom Capital
Account Type Flat Brokerage Plan Freedom Plan
Fixed Charges Rs 999 per month per segment
Equity Delivery Rs 18 per executed order Rs 0
Equity Intraday Rs 18 per executed order Rs 0
Equity Futures Rs 18 per executed order Rs 0
Equity Options Rs 18 per executed order Rs 0
Currency Futures Rs 18 per executed order Rs 0
Currency Options Rs 18 per executed order Rs 0
Commodity Futures Rs 18 per executed order Rs 0
Commodity Options Rs 18 per executed order Rs 0
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Bonanza Charges Vs Wisdom Capital

Minimum Brokerage Intraday - .0001% and Delivery - .005%
Other Charges
Call & Trade Charges Rs 25 per trade Rs 20 per executed order
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Bonanza Vs Wisdom Capital 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 Wisdom Capital exchange transaction charges for options is 0.06% (on premium).

  Bonanza Wisdom Capital
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) 0.0035%
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) 0.0035%
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) 0.0028%
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) 0.06% (on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) 0.0025%
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Bonanza Vs Wisdom Capital 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 Wisdom Capital 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 Wisdom Capital
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 Wisdom Capital Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Wisdom Capital offers NEST trading software.

  Bonanza Wisdom Capital
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App NEST
Intraday Square-off Time 3:15
Other Features
Referral Program
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Bonanza Vs Wisdom Capital Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews.

  Bonanza Wisdom Capital
  7 Customer Reviews    Rate Bonanza 30 Customer Reviews    Rate Wisdom Capital
Fees 3.4 4.0
Brokerage 3.3 4.2
Trading Platform 3.1 3.3
Customer Service 3.7 3.4
Research Capabilities 5.0 2.8
Overall Ratings Rated 3.6 stars Rated 3.6 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews
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Contact Broker / Request A Call Back

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Bonanza Vs Wisdom Capital Investment Options

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

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

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

  Bonanza Wisdom Capital
Casual Investor
Active Investor Yes
Trader Yes
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Bonanza Vs Wisdom Capital - Pros and Cons

  Bonanza Wisdom Capital
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. Trade all market segments i.e. NSE Cash, F&O, Currency and MCX Commodities with single trading terminal.
  2. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  3. Trading Software's including website, mobile app and installable trading terminals are available for free.
  4. No minimum brokerage.
  5. They allow to trade Nifty with 3000, Crude with 3000 & Mega Gold with 9000 margins.
  6. They offers semi & fully automated Algo trading.
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.
  • Wisdom Capital doesn't offer 3-in-1 account.
  • Wisdom Capital doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS).
  • Algo trading is available with additional charges at Rs 550/pm for semi automated trading.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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