Bonanza Vs Zerodha Share Broker Comparison
The side-by-side comparison of Bonanza Portfolio Ltd and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Bonanza and Zerodha'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 Zerodha.
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Bonanza Portfolio Ltd |
Zerodha |
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| 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...  |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MCX, NCDEX, NFO, CDS |
NSE, BSE, MCX and NCDEX |
| Account Type
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Default Plan |
Standard Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Bonanza Portfolio Ltd |
Zerodha |
| Trading Account Opening Fees
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Nil |
₹300 |
| Trading Account AMC
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Nil |
₹0 (Free) |
| Demat Account Opening Fees
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Nil |
₹100 |
| Demat Account AMC
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Rs 250 |
₹300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Bonanza Portfolio Ltd |
Zerodha |
| Account Type |
Default Plan |
Standard Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.10% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.01% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.01% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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Rs 20 per Lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.006% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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Rs 10 |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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0.006% |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Bonanza Portfolio Ltd |
Zerodha |
| Account Type |
Plan 1000 |
Standard Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.1% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.005% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.005% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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15 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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.0025% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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5 per lot |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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0.004% |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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Bonanza Portfolio Ltd |
Zerodha |
| Account Type |
Plan 7500 |
Standard Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.025% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.00312% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.00312% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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10 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.0015% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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4 per lot |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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0.00208% |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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Intraday - .0001% and Delivery - .005% |
₹0 |
| Other Brokerage Charges
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Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
| Call & Trade Charges
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Rs 25 per trade |
₹20 per executed order |
Taxes
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Bonanza Portfolio Ltd |
Zerodha |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Bonanza Portfolio Ltd |
Zerodha |
| Equity Delivery
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NSE ₹325 | BSE ₹275 |
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Intraday
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NSE ₹325 | BSE ₹275 |
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Futures
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NSE ₹215 | BSE ₹75 |
NSE ₹210 per crore | BSE ₹1 per trade (each side) |
| Equity Options
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NSE ₹5750 | BSE ₹3250 |
NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
| Currency Futures
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NSE ₹135 | BSE ₹29 |
NSE ₹135 per crore (0.00135%) |
| Currency Options
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NSE ₹4750 | BSE ₹754 |
NSE ₹4400 (on premium) per crore (0.044%) |
| Commodity
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MCX - Non Agri ₹235 | MCX - Agri ₹100 |
Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
Exposure
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Bonanza Portfolio Ltd |
Zerodha |
| Equity Delivery
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1x (no margin) |
| Equity Intraday
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Up to 20x (based on the stock) |
| Equity Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Share Broker Features
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Bonanza Portfolio Ltd |
Zerodha |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Trading Platform
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Omnesys NEST Trader |
Kite Web, Kite Android/iOS, Pi, Coin |
| Intraday Square-off Time
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3:15 |
3:10 PM |
| Other Features
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Direct Mutual Funds |
Broker Ratings (Average User Rating)
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Bonanza Portfolio Ltd |
Zerodha |
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5 Customer Reviews  |
321 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Bonanza is Rated 3.2 / 5 based on 5 customer reviews |
Zerodha is Rated 3.8 / 5 based on 321 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Bonanza Portfolio Ltd |
Zerodha |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Insurance |
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Customer Service Offered
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Bonanza Portfolio Ltd |
Zerodha |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Bonanza Portfolio Ltd |
Zerodha |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Bonanza Portfolio Ltd |
Zerodha |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Bonanza Portfolio Ltd |
Zerodha |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Bonanza Portfolio Ltd |
Zerodha |
| Pros
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- Multiple fee structure to fulfill need of different type of investors.
- Offers 2 in 1 account which is Trading cum Demat account
- Bonanza offers add-on services like online bidding for IPO and mutual funds
More Advantages... |
- Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
- Excellent trading platforms made available for free to all its customers.
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
- Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
- 10% referral credit for reffering new customers.
- Direct Mutual Fund Investment is available.
- Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.
More Advantages... |
| Cons
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- Call & trade is charged extra at the rate of Rs 25 per trade.
- Bonanza doesn't offer any Referral program.
- Customer reported hidden charges and fees which was not explained at the time of account opening.
More Disadvantages... |
- Doesn't provide stock tips, research reports or recommendations.
- Call & Trade is charged at extra Rs 20 order.
- Doesn't provide options to invest in IPO, Bond and NCD's public offers.
- Margin funding is not available.
- GTC/GTD not available in Equity.
More Disadvantages... |
| Reviews
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Useful Articles about Zerodha:
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| Promo / Offers
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AMC are waived off for the 1st year |
Truly free equity delivery trading
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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Enquire about Bonanza
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Enquire about Zerodha
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Zerodha
Zero Account Opening Fee