Bonanza Vs Zerodha (Compare Bonanza and Zerodha)

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
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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

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

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
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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	397 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Bonanza Vs Zerodha Investment Options

	Bonanza	Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Bonanza Vs Zerodha Order Type Offered

	Bonanza	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Bonanza Vs Zerodha Research Report

	Bonanza	Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs Zerodha Suitable For Investor Type

	Bonanza	Zerodha
Casual Investor
Active Investor
Trader

Bonanza Vs Zerodha - Pros and Cons

	Bonanza	Zerodha
Pros	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	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	Call & trade is charged extra at the rate of ₹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.	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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