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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.

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Bonanza Vs Zerodha

  Bonanza Zerodha
Find more info about broker
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 ₹20 per executed o... 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 Flat Brokerage 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.
Year of Incorporation 1994 2010
Number of Branches 1784 22
Enquire Bonanza Enquire Zerodha
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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
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Bonanza Vs Zerodha Brokerage

Brokerage Plan 1

  Bonanza Zerodha
Account Type Default Plan Flat Brokerage 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 ₹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 ₹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
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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 ₹20 per executed order
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Bonanza Vs Zerodha Taxes

  Bonanza Zerodha
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 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%)
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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
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Bonanza and Zerodha Feature Comparison

  Bonanza 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) Yes
Margin Against Shares (Equity F&O) Yes
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 Yes
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Bonanza Vs Zerodha Review

  Bonanza Zerodha
  6 Customer Reviews    Rate Bonanza 365 Customer Reviews    Rate Zerodha
Fees 3.2 3.8
Trading Brokerage 3.0 4.4
Trading Platform Usability 3.2 3.6
Customer Service 3.5 3.5
Research Capabilities 2.3
Overall Ratings Rated 3.3 stars Rated 3.7 stars
Broker Rating Bonanza is Rated 3.3 / 5 based on 6 customer reviews Zerodha is Rated 3.7 / 5 based on 365 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire Zerodha Enquire
Contact Broker

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

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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Bonanza Vs Zerodha Investment Options

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

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

  Bonanza 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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Bonanza Vs Zerodha Research Report

  Bonanza Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Bonanza Vs Zerodha Suitable For Investor Type

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

  Bonanza 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 (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
  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...

  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹20 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.

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