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ICICIDirect Vs Bonanza (Compare ICICIDirect and Bonanza)

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

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

Our ICICI Securities Pvt Ltd. comparison with Bonanza Portfolio Ltd highlights the major differences between two brokers. Find the best between ICICIDirect and Bonanza.


ICICIDirect Vs Bonanza

  ICICIDirect Bonanza
Find more info about broker
ICICI Securities Pvt Ltd. Logo Bonanza Portfolio Ltd Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. 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
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type 3-in-1 Account (I-Secure Plan) Default Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. 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.
Year of Incorporation 2000 1994
Number of Branches 154 1784
Enquire ICICIDirect Enquire Bonanza

ICICIDirect Vs Bonanza Charges

  ICICIDirect Bonanza
Trading Account Opening Fees ₹975 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Nil
Demat Account AMC ₹450 ₹250
Demat Account is Mandatory? No No

ICICIDirect Vs Bonanza Brokerage

Brokerage Plan 1

  ICICIDirect Bonanza
Account Type 3-in-1 Account (I-Secure Plan) Default Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.10%
Equity Intraday Brokerage 0.275% 0.005%
Equity Futures Brokerage 0.05% to 0.03% 0.005%
Equity Options Brokerage ₹95 to ₹35 per lot ₹15 per Lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.0025%
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹5 per lot
Commodity Futures Trading Brokerage NA 0.004%
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICIDirect Bonanza
Account Type I-Saver Plan Plan 1000
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.1%
Equity Intraday Brokerage 0.75% to 0.25% 0.005%
Equity Futures Brokerage 0.05% to 0.03% 0.005%
Equity Options Brokerage ₹95 to ₹65 per lot ₹15 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% .0025%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹5 per lot
Commodity Futures Trading Brokerage NA 0.004%
Commodity Options Trading Brokerage NA

Brokerage Plan 3

  ICICIDirect Bonanza
Account Type ICICIdirect Prime Plan Plan 7500
Fixed Charges ₹900
Equity Delivery Brokerage 0.25% 0.025%
Equity Intraday Brokerage 0.25% 0.00312%
Equity Futures Brokerage 0.025% 0.00312%
Equity Options Brokerage ₹35 ₹10 per lot
Currency Futures Trading Brokerage ₹0 0.0015%
Currency Options Trading Brokerage ₹0 ₹4 per lot
Commodity Futures Trading Brokerage NA 0.00208%
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹35 per trade Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹25 per trade

ICICIDirect Vs Bonanza Taxes

  ICICIDirect Bonanza
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.

ICICIDirect Vs Bonanza Transaction Charges

  ICICIDirect Bonanza
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures ₹180 per Cr (0.0018%) NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
Currency Futures ₹120 per Cr (0.0012%) NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
Currency Options ₹5000 per Cr (0.05%) (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%)

ICICIDirect Vs Bonanza Exposure Margin

  ICICIDirect Bonanza
Equity Delivery 5x with Interest Upto 10x + Interest
Equity Intraday Upto 25x Upto 10x
Equity Futures 4x Upto 3x
Equity Options 2x for shorting Upto 2x for shorting
Currency Futures NA Upto 2x
Currency Options NA Upto 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options

ICICIDirect and Bonanza Feature Comparison

  ICICIDirect Bonanza
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:30 PM 3:15
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program

ICICIDirect Vs Bonanza Review

  ICICIDirect Bonanza
  405 Customer Reviews    Rate ICICIDirect 6 Customer Reviews    Rate Bonanza
Fees Ratings 2.3 3.2
Trading Brokerage Rating 1.7 3.0
Trading Platform Usability 3.4 3.2
Customer Service Ratings 2.8 3.5
Overall Ratings Rated 2.4 stars Rated 3.3 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 405 customer reviews Bonanza is Rated 3.3 / 5 based on 6 customer reviews

Contact Broker / Request A Call Back

  ICICIDirect Enquire Bonanza Enquire
Contact Broker

ICICIDirect Vs Bonanza Investment Options

  ICICIDirect 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 Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Insurance

ICICIDirect Vs Bonanza Customer Service

  ICICIDirect Bonanza
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes

ICICIDirect Vs Bonanza Order Type Offered

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

ICICIDirect Vs Bonanza Research Report

  ICICIDirect Bonanza
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

ICICIDirect Vs Bonanza Suitable For Investor Type

  ICICIDirect Bonanza
Casual Investor Yes
Active Investor Yes
Trader Yes

ICICIDirect Vs Bonanza - Advantages and Disadvantages

  ICICIDirect Bonanza
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  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...

  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.

More Disadvantages...

  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...

Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

AMC are waived off for the 1st year

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