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Bonanza Vs Zerodha Share Broker Comparison

The side-by-side comparison of Bonanza Portfolio Ltd and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Bonanza and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Bonanza and Zerodha.

  Bonanza Portfolio Ltd Zerodha
 
Bonanza Portfolio Ltd Logo Zerodha Logo
About the Broker 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 provide... Know more about Bonanza Portfolio Ltd Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX and NCDEX
Account Type Default Plan Standard Plan
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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Stock Broker Fees / Charges

  Bonanza Portfolio Ltd Zerodha
Trading Account Opening Fees Nil ₹300
Trading Account AMC Nil ₹0 (Free)
Demat Account Opening Fees Nil ₹100
Demat Account AMC Rs 250 ₹300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Bonanza Portfolio Ltd Zerodha
Account Type Default Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.10% ₹0 (Free)
Equity Intraday Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage Rs 15 per Lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.0025% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage Rs 5 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.004% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Bonanza Portfolio Ltd Zerodha
Account Type Plan 1000 Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.1% ₹0 (Free)
Equity Intraday Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.005% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 15 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage .0025% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage 5 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.004% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 3

  Bonanza Portfolio Ltd Zerodha
Account Type Plan 7500 Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.025% ₹0 (Free)
Equity Intraday Brokerage 0.00312% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.00312% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 10 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.0015% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage 4 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.00208% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges Rs 25 per trade ₹20 per executed order
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Taxes

  Bonanza Portfolio Ltd Zerodha
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Bonanza Portfolio Ltd Zerodha
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures NSE ₹215 | BSE ₹75 NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options NSE ₹5750 | BSE ₹3250 NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures NSE ₹135 | BSE ₹29 NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options NSE ₹4750 | BSE ₹754 NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100 Group A - ₹260 per Cr (0.0026%)
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Exposure

  Bonanza Portfolio Ltd 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 Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  Bonanza Portfolio Ltd 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)
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time 3:15 3:10 PM
Other Features Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Bonanza Portfolio Ltd Zerodha
  5 Customer Reviews    Rate Bonanza 330 Customer Reviews    Rate Zerodha
Fees Ratings 2.8 3.8
Trading Brokerage Rating 3.0 4.4
Trading Platform Usability 3.2 3.6
Customer Service Ratings 3.4 3.5
Overall Ratings Rated 3.2 stars Rated 3.7 stars
Broker Rating Bonanza is Rated 3.2 / 5 based on 5 customer reviews Zerodha is Rated 3.7 / 5 based on 330 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Portfolio Ltd Zerodha
Contact / Request Call Back
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Investment Options Available

  Bonanza Portfolio Ltd Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD No No
Debt No No
Other Investment Options Insurance
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Customer Service Offered

  Bonanza Portfolio Ltd Zerodha
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

  Bonanza Portfolio Ltd Zerodha
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Bonanza Portfolio Ltd Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Bonanza Portfolio Ltd Zerodha
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Bonanza Portfolio Ltd 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

More Advantages...

  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

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.

More Disadvantages...

  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

Reviews Useful Articles about Zerodha:
Promo / Offers

AMC are waived off for the 1st year

Truly 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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