Bonanza Vs Zerodha (Compare Bonanza and Zerodha)
The side-by-side comparison of Bonanza and Zerodha. Compare Bonanza Vs Zerodha brokerage, charges, exposure margin, demat account. Read Zerodha and Bonanza review.
Find out Bonanza Vs Zerodha which is better and Bonanza Vs Zerodha which is best.
Our Bonanza Portfolio Ltd comparison with Zerodha highlights the major differences between two brokers. Find the best between Bonanza and Zerodha.
Bonanza Vs Zerodha
Bonanza
Zerodha
Find more info about broker
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...
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 ₹20 per executed o...
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
Flat Brokerage Plan
Broker Enquiry
Year of Incorporation
1994
2010
Number of Branches
1784
22
Enquire Bonanza
Enquire Zerodha
Bonanza Vs Zerodha Charges
Bonanza
Zerodha
Trading Account Opening Fees
Nil
₹200
Trading Account AMC
Nil
₹0 (Free)
Demat Account Opening Fees
Nil
₹0
Demat Account AMC
₹250
₹300
Demat Account is Mandatory?
No
No
Bonanza Vs Zerodha Brokerage
Brokerage Plan 2
Bonanza
Zerodha
Account Type
Plan 1000
Flat Brokerage 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
Zerodha
Account Type
Plan 7500
Flat Brokerage 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
₹25 per trade
₹50 per executed order
Bonanza Vs Zerodha Taxes
Bonanza
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)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Bonanza Vs Zerodha Transaction Charges
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%)
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 ₹70 per Cr (0.0007%) | 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%)
Bonanza Vs Zerodha Exposure Margin
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
Bonanza and Zerodha Feature Comparison
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 Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time
3:15
3:10 PM
Other Features
Direct Mutual Funds, APIs
Referral Program
Bonanza Vs Zerodha Review
Bonanza
Zerodha
7 Customer Reviews
369 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Bonanza is Rated 3.6 / 5 based on 7 customer reviews Zerodha is Rated 3.7 / 5 based on 369 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 Customer Service
Bonanza
Zerodha
24/7 Customer Service
Onine Live Chat
Through Branches
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)
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 - Advantages and Disadvantages
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
More Advantages...
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 0.01% 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.
More Advantages...
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.
More Disadvantages...
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.
More Disadvantages...
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.
Zerodha
Zero Account Opening Fee