Geojit Vs Bonanza (Compare Geojit and Bonanza)

The side-by-side comparison of Geojit and Bonanza. Compare Geojit Vs Bonanza brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Geojit vs Bonanza?


Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl... Know more about Geojit BNP Paribas


Bonanza
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 provides depository services. Bonanza has pan-India presence across more than 1784 outlets spread across 560 cities. The company operates in the cash and derivative segments of both NSE and BSE. It also has membership of Multi Commodity Exchange (MCX), N... Know more about Bonanza Portfolio Ltd

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Geojit Vs Bonanza

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. 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.

  Geojit Bonanza
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX-SX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Online Trading Flat Brokerage Plan
Year of Incorporation 1987 1994
Number of Branches 509 1784
Broker Enquiry Open an Online Trading Account with Geojit. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you.
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Geojit Vs Bonanza Charges & AMC

Geojit trading account opening charges is ₹425 while Bonanza account opening changes is ₹999. Geojit Demat Account AMC Charges is ₹0 and Bonanza Demat Account AMC Charges is Nil.

  Geojit Bonanza
Trading Account Opening Charges ₹425 ₹999
Trading Account AMC Charges NIL Nil
Demat Account Opening Charges NIL Nil
Demat Account AMC Charges ₹0 Nil
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Geojit Vs Bonanza Brokerage Charges & Plans

Geojit Vs Bonanza Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order.

  Geojit Bonanza
Account Type Online Trading Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.30% ₹18 per executed order
Equity Intraday Brokerage 0.03% ₹18 per executed order
Equity Futures Brokerage 0.03% ₹18 per executed order
Equity Options Brokerage ₹125 per contract ₹18 per executed order
Currency Futures Trading Brokerage 0.03% ₹18 per executed order
Currency Options Trading Brokerage ₹125 per contract ₹18 per executed order
Commodity Futures Trading Brokerage NA ₹18 per executed order
Commodity Options Trading Brokerage NA ₹18 per executed order
Special Offer

Geojit Charges Vs Bonanza

Minimum Brokerage Charges 1p per share or ₹20/contract whichever is higher Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹25 per trade
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Geojit Vs Bonanza Transaction Charges

Geojit transaction charges for options is ₹5500 per Cr (0.05%) while Bonanza exchange transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium).

  Geojit Bonanza
Equity Delivery ₹325 per Cr (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday ₹325 per Cr (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures ₹210 per Cr (0.0021%) NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
Equity Options ₹5500 per Cr (0.05%) NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
Currency Futures ₹145 per Cr (0.00145%) NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
Currency Options ₹4730 per Cr (0.0473%) on premium NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
Commodity NA MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
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Geojit Vs Bonanza Leverage (Margin)

Geojit provides the margin of Upto 10x for intraday trades whereas the Bonanza margin for intraday cash is Upto 10x.

  Geojit Bonanza
Equity Delivery Upto 7x with 22% interest per year Upto 10x + Interest
Equity Intraday Upto 10x Upto 10x
Equity Futures No additional leverage Upto 3x
Equity Options No additional leverage Upto 2x for shorting
Currency Futures No additional leverage Upto 2x
Currency Options No additional leverage Upto 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options
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Compare Geojit and Bonanza Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

  Geojit Bonanza
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Selfie Platinum, Selfie Gold, Mobile App Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:15
Other Features
Referral Program
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Geojit Vs Bonanza Review

Geojit is rated 3.8 of 5 based on 98 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Geojit Bonanza
  98 Customer Reviews    Rate Geojit 7 Customer Reviews    Rate Bonanza
Fees 3.7 3.4
Trading Brokerage 3.3 3.3
Trading Platform Usability 4.1 3.1
Customer Service 3.8 3.7
Research Capabilities 3.0 5.0
Overall Ratings Rated 3.8 stars Rated 3.6 stars
Broker Rating Geojit is rated 3.8 of 5 based on 98 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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Geojit Vs Bonanza Investment Options

  Geojit Bonanza
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance Insurance
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Geojit Vs Bonanza Order Type Offered

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

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

  Geojit Bonanza
Casual Investor
Active Investor Yes Yes
Trader Yes
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Geojit Vs Bonanza - Pros and Cons

  Geojit Bonanza
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
Cons 1. Very high Options trading brokerage charges. Geojit charges ₹125 per contract for Intraday Options and ₹150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of ₹20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional ₹20 per Contract or 5 paisa per share whichever is higher.
  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.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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