Bonanza Vs Zerodha (Compare Bonanza and Zerodha)


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


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha

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Bonanza Vs Zerodha

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 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

  Bonanza Zerodha
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX and NCDEX
Year of Incorporation 1994 2010
Number of Branches 1784 22
Open an Online Trading Account with Bonanza.Open an Online Trading Account with Zerodha.
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Bonanza Vs Zerodha Charges & AMC

Bonanza trading account opening charges is Rs 999 while Zerodha account opening changes is Rs 200. Bonanza Demat Account AMC Charges is Nil and Zerodha Demat Account AMC Charges is Rs 300.

  Bonanza Zerodha
Trading Account Opening Charges Rs 999 Rs 200
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Nil Rs 300
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Bonanza Vs Zerodha Brokerage Charges & Plans

Bonanza Vs Zerodha Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

  Bonanza Zerodha
Account Type Flat Brokerage Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery Rs 18 per executed order Rs 0 (Free)
Equity Intraday Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Equity Futures Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 18 per executed order Rs 20 per executed order
Currency Futures Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Commodity Futures Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 18 per executed order Rs 20 per executed order or .03% whichever is lower
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Bonanza Charges Vs Zerodha

Minimum Brokerage Intraday - .0001% and Delivery - .005% 0.03% in Intraday and F&O
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 25 per trade Rs 50 per executed order
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Bonanza Vs Zerodha 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 Zerodha exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Bonanza Zerodha
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) NSE Rs 200 per Cr (0.002%)
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) Group A - Rs 260 per Cr (0.0026%)
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Bonanza Vs Zerodha 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 Zerodha 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 Zerodha
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 Zerodha Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

  Bonanza Zerodha
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding 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 Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time 3:15 Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
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Bonanza Vs Zerodha Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Zerodha is rated 3.7 of 5 based on 435 customer reviews.

  Bonanza Zerodha
  7 Customer Reviews    Rate Bonanza 435 Customer Reviews    Rate Zerodha
Fees 3.4 3.7
Brokerage 3.3 4.3
Trading Platform 3.1 3.6
Customer Service 3.7 3.4
Research Capabilities 5.0 2.7
Overall Ratings Rated 3.6 stars Rated 3.7 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Zerodha is rated 3.7 of 5 based on 435 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Zerodha Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
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Bonanza Vs Zerodha Investment Options

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

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

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

  Bonanza Zerodha
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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Bonanza Vs Zerodha - Pros and Cons

  Bonanza Zerodha
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
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
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.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
Reviews
Promo / Offers

AMC are waived off for the 1st year

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

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