Geojit Vs Bonanza (Compare Geojit and 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
Exchnage Membership BSE, NSE, MCX-SX BSE, NSE, MCX, NCDEX, NFO, CDS
Year of Incorporation 1987 1994
Number of Branches 509 1784
Open an Online Trading Account with Geojit.Open an Online Trading Account with Bonanza.
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Geojit Vs Bonanza Charges & AMC

Geojit trading account opening charges is Rs 425 while Bonanza account opening changes is Rs 999. Geojit Demat Account AMC Charges is Rs 700 and Bonanza Demat Account AMC Charges is Nil.

  Geojit Bonanza
Trading Account Opening Charges Rs 425 Rs 999
Trading Account AMC Charges NIL Nil
Demat Account Opening Charges NIL Nil
Demat Account AMC Charges Rs 700 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 Rs 18 per executed order and intraday is Rs 18 per executed order.

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

Geojit Charges Vs Bonanza

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

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

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

Geojit margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Bonanza margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Geojit Bonanza
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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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 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 3.7 of 5 based on 102 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Geojit Bonanza
  102 Customer Reviews    Rate Geojit 7 Customer Reviews    Rate Bonanza
Fees 3.6 3.4
Brokerage 3.3 3.3
Trading Platform 4.0 3.1
Customer Service 3.8 3.7
Research Capabilities 3.2 5.0
Overall Ratings Rated 3.7 stars Rated 3.6 stars
Broker Rating Geojit is rated 3.7 of 5 based on 102 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Geojit Enquire Bonanza Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....
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Geojit Vs Bonanza Investment Options

  Geojit Bonanza
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
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 Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.
  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.
Reviews
Promo / Offers

AMC are waived off for the 1st year

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