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
Exchnage Membership	BSE, NSE, MCX, NCDEX, NFO, CDS	NSE, BSE, MCX and NCDEX
Year of Incorporation	1994	2010
Number of Branches	1784	22
	Enquire Bonanza	Open Zerodha Account

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

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

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%)
	Enquire Bonanza	Open Zerodha Account

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)
	Enquire Bonanza	Open Zerodha Account

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
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
	Enquire Bonanza	Open Zerodha Account

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	435 Customer Reviews
Fees
Brokerage
Trading Platform
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 435 customer reviews

Bonanza Vs Zerodha Investment Options

	Bonanza	Zerodha
Stock / Equity
Commodity
Currency
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)
	Enquire Bonanza	Open Zerodha Account

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	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	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.	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.
	Enquire Bonanza	Open Zerodha Account