Bonanza Vs Zerodha (Compare Bonanza and Zerodha)

The side-by-side comparison of Bonanza and Zerodha. Compare Bonanza Vs Zerodha brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs 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 ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or segment). Zerodha ... 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
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX and NCDEX
Account Type Flat Brokerage Plan Flat Brokerage Plan
Year of Incorporation 1994 2010
Number of Branches 1784 22
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 Zerodha. Leave your contact info and we will get in touch with you.
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Bonanza Vs Zerodha Charges & AMC

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

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

Bonanza Vs Zerodha Brokerage

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

  Bonanza Zerodha
Account Type Flat Brokerage Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹18 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹18 per executed order ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage ₹18 per executed order ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹18 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹18 per executed order ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹18 per executed order ₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage ₹18 per executed order ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage ₹18 per executed order ₹20 per executed order or .03% whichever is lower
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Bonanza Charges Vs Zerodha

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% 0.03% in Intraday and F&O
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹25 per trade ₹50 per executed order
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Bonanza Vs Zerodha Transaction Charges

Bonanza transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) while Zerodha exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

  Bonanza Zerodha
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) NSE ₹190 per Cr (0.0019%)
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) Group A - ₹260 per Cr (0.0026%)
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Bonanza Vs Zerodha Leverage (Margin)

Bonanza provides the margin of Upto 10x for intraday trades whereas the Zerodha margin for intraday cash is Up to 20x (based on the stock).

  Bonanza Zerodha
Equity Delivery Upto 10x + Interest 1x (no margin)
Equity Intraday Upto 10x Up to 20x (based on the stock)
Equity Futures Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 2x for shorting Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Upto 2x for shorting Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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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 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 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 397 customer reviews.

  Bonanza Zerodha
  7 Customer Reviews    Rate Bonanza 397 Customer Reviews    Rate Zerodha
Fees 3.4 3.8
Trading Brokerage 3.3 4.3
Trading Platform Usability 3.1 3.6
Customer Service 3.7 3.4
Research Capabilities 5.0 2.6
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 397 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Zerodha Enquire
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Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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Bonanza Vs Zerodha Investment Options

  Bonanza Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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 Yes
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
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
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
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.
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
Reviews
Promo / Offers

AMC are waived off for the 1st year

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

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