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...
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...
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 | |
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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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Enquire Bonanza | Enquire Zerodha |
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 | |
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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 |
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 | |
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Account Type | Flat Brokerage Plan | Flat Brokerage Plan |
Fixed Charges | ||
Equity Delivery Brokerage | Rs 18 per executed order | Rs 0 (Free) |
Equity Intraday Brokerage | Rs 18 per executed order | Rs 20 per executed order or .03% whichever is lower |
Equity Futures Brokerage | Rs 18 per executed order | Rs 20 per executed order or .03% whichever is lower |
Equity Options Brokerage | Rs 18 per executed order | Rs 20 per executed order |
Currency Futures Trading Brokerage | Rs 18 per executed order | Rs 20 per executed order or .03% whichever is lower |
Currency Options Trading Brokerage | Rs 18 per executed order | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures Trading Brokerage | Rs 18 per executed order | Rs 20 per executed order or .03% whichever is lower |
Commodity Options Trading Brokerage | Rs 18 per executed order | Rs 20 per executed order or .03% whichever is lower |
Special Offer | Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer |
Minimum Brokerage Charges | Intraday - .0001% and Delivery - .005% | 0.03% in Intraday and F&O |
Other Brokerage 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 |
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 | |
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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%) |
Enquire Bonanza | Enquire Zerodha |
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 | |
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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 | ||
Enquire Bonanza | Enquire Zerodha |
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 | |
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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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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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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Enquire Bonanza | Enquire Zerodha |
Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Zerodha is rated 3.7 of 5 based on 416 customer reviews.
Bonanza | Zerodha | |
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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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Enquire Bonanza | Enquire Zerodha |
Bonanza | Zerodha | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | AMC are waived off for the 1st year |
Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat Rs 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. |
Enquire Bonanza | Enquire Zerodha |
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