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Bonanza Vs IIFL (Compare Bonanza and IIFL)

The side-by-side comparison of Bonanza and IIFL. Compare Bonanza Vs IIFL brokerage, charges, exposure margin, demat account. Read IIFL and Bonanza review.

Find out Bonanza Vs IIFL which is better and Bonanza Vs IIFL which is best.

Our Bonanza Portfolio Ltd comparison with IIFL Securities Limited highlights the major differences between two brokers. Find the best between Bonanza and IIFL.

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Bonanza Vs IIFL

  Bonanza IIFL
Find more info about broker
Bonanza Portfolio Ltd Logo IIFL Securities Limited 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 Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about IIFL Securities Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS NSE, BSE, MCX
Account Type Default Plan Standard Account
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 IIFL. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994 1996
Number of Branches 1784 900
Enquire Bonanza Enquire IIFL
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Bonanza Vs IIFL Charges

  Bonanza IIFL
Trading Account Opening Fees Nil ₹750
Trading Account AMC Nil ₹0
Demat Account Opening Fees Nil ₹555
Demat Account AMC ₹250 ₹ 400 (One time)
Demat Account is Mandatory? No No
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Bonanza Vs IIFL Brokerage

Brokerage Plan 1

  Bonanza IIFL
Account Type Default Plan Standard Account
Fixed Charges
Equity Delivery Brokerage 0.10% 0.50%
Equity Intraday Brokerage 0.005% 0.05%
Equity Futures Brokerage 0.005% 0.05%
Equity Options Brokerage ₹15 per Lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage 0.0025% ₹25 per lot
Currency Options Trading Brokerage ₹5 per lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.004% 0.05%
Commodity Options Trading Brokerage
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Brokerage Plan 2

  Bonanza IIFL
Account Type Plan 1000 Standard Account
Fixed Charges
Equity Delivery Brokerage 0.1% 0.50%
Equity Intraday Brokerage 0.005% 0.05%
Equity Futures Brokerage 0.005% 0.05%
Equity Options Brokerage ₹15 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage .0025% ₹25 per lot
Currency Options Trading Brokerage ₹5 per lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.004% 0.05%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Bonanza IIFL
Account Type Plan 7500 Standard Account
Fixed Charges
Equity Delivery Brokerage 0.025% 0.50%
Equity Intraday Brokerage 0.00312% 0.05%
Equity Futures Brokerage 0.00312% 0.05%
Equity Options Brokerage ₹10 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage 0.0015% ₹25 per lot
Currency Options Trading Brokerage ₹4 per lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.00208% 0.05%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% ₹0.05 per share
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹25 per trade ₹50 per call
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Bonanza Vs IIFL Taxes

  Bonanza IIFL
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% 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.
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Bonanza Vs IIFL Transaction Charges

  Bonanza IIFL
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.00325%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.00325%
Equity Futures NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side) 0.0021%
Equity Options NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium) 0.051% on premium
Currency Futures NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%) 0.0021%
Currency Options NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium) 0.051% on premium
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%) 0.0028%
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Bonanza Vs IIFL Exposure Margin

  Bonanza IIFL
Equity Delivery Upto 10x + Interest Upto 3x with 18% interest per year
Equity Intraday Upto 10x Upto 20x
Equity Futures Upto 3x Upto 3x
Equity Options Upto 2x for shorting 3x for shorting
Currency Futures Upto 2x Upto 2x
Currency Options Upto 2x for shorting 2x for shorting
Commodity Futures Upto 3x Upto 3x
Commodity Options
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Bonanza and IIFL Feature Comparison

  Bonanza IIFL
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App TT Exe, TT Web, IIFL Markets
Intraday Square-off Time 3:15
Other Features Market Mantra, Loyalty Points
Referral Program
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Bonanza Vs IIFL Review

  Bonanza IIFL
  6 Customer Reviews    Rate Bonanza 108 Customer Reviews    Rate IIFL
Fees 3.2 2.9
Trading Brokerage 3.0 2.6
Trading Platform Usability 3.2 3.3
Customer Service 3.5 2.7
Research Capabilities 3.0
Overall Ratings Rated 3.3 stars Rated 2.7 stars
Broker Rating Bonanza is Rated 3.3 / 5 based on 6 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire IIFL Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

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Bonanza Vs IIFL Investment Options

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

  Bonanza IIFL
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Bonanza Vs IIFL Order Type Offered

  Bonanza IIFL
Bracket Order No No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes
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Bonanza Vs IIFL Research Report

  Bonanza IIFL
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs IIFL Suitable For Investor Type

  Bonanza IIFL
Casual Investor Yes
Active Investor Yes
Trader Yes
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Bonanza Vs IIFL - Advantages and Disadvantages

  Bonanza IIFL
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...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

Cons
  1. Call & trade is charged extra at the rate of ₹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...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

Reviews
Promo / Offers

AMC are waived off for the 1st year

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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