Bonanza Vs Wisdom Capital (Compare Bonanza and Wisdom Capital)

The side-by-side comparison of Bonanza and Wisdom Capital. Compare Bonanza Vs Wisdom Capital brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs 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
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX
Account Type Flat Brokerage Plan Pro Plan
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 ₹999 while Wisdom Capital account opening changes is ₹0. Bonanza Demat Account AMC Charges is Nil and Wisdom Capital Demat Account AMC Charges is ₹999 (Lifetime).

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

Bonanza Vs Wisdom Capital Brokerage

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

  Bonanza Wisdom Capital
Account Type Flat Brokerage Plan Pro Plan
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order ₹9 per executed order
Equity Intraday Brokerage ₹18 per executed order ₹9 per executed order
Equity Futures Brokerage ₹18 per executed order ₹9 per executed order
Equity Options Brokerage ₹18 per executed order ₹9 per executed order
Currency Futures Trading Brokerage ₹18 per executed order ₹9 per executed order
Currency Options Trading Brokerage ₹18 per executed order ₹9 per executed order
Commodity Futures Trading Brokerage ₹18 per executed order ₹9 per executed order
Commodity Options Trading Brokerage ₹18 per executed order ₹9 per executed order
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Bonanza Vs Wisdom Capital Brokerage Plan 2

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

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹25 per trade ₹20 per executed order
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Bonanza Vs Wisdom Capital Transaction Charges

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

Bonanza provides the margin of Upto 10x for intraday trades whereas the Wisdom Capital margin for intraday cash is 5x to 40x (dependent on brokerage plan).

  Bonanza Wisdom Capital
Equity Delivery Upto 10x + Interest 5x to 40x (dependent on brokerage plan)
Equity Intraday Upto 10x 5x to 40x (dependent on brokerage plan)
Equity Futures Upto 3x 5x to 20x (dependent on brokerage plan)
Equity Options Upto 2x for shorting 5x to 40x (dependent on brokerage plan)
Currency Futures Upto 2x 4x to 15x (dependent on brokerage plan)
Currency Options Upto 2x for shorting 4x to 15x (dependent on brokerage plan)
Commodity Futures Upto 3x 5x to 20x (dependent on brokerage plan)
Commodity Options
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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 Available 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
Trading Brokerage 3.3 4.2
Trading Platform Usability 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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Bonanza Vs Wisdom Capital Investment Options

  Bonanza Wisdom Capital
Stock / Equity Yes No
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 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 ₹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 ₹550/pm for semi automated trading.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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