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ICICIDirect Vs Bonanza Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Bonanza Portfolio Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Bonanza's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Bonanza.

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
 
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.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Trading Account Opening Fees ₹975 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Nil
Demat Account AMC ₹450 Rs 250
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
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 Rs 15 per Lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.0025%
Currency Options Trading Brokerage ₹25 to ₹10 per lot Rs 5 per lot
Commodity Futures Trading Brokerage NA 0.004%
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
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 ₹95 to ₹65 per lot 5 per lot
Commodity Futures Trading Brokerage NA 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 3

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Account Type 3-in-1 Account (I-Secure Plan) Plan 7500
Fixed Charges
Equity Delivery Brokerage 0.55% 0.025%
Equity Intraday Brokerage 0.275% 0.00312%
Equity Futures Brokerage 0.05% to 0.03% 0.00312%
Equity Options Brokerage ₹95 to ₹35 per lot 10 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.0015%
Currency Options Trading Brokerage ₹25 to ₹10 per lot 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 Rs 25 per trade
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Taxes

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Equity Delivery NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Intraday NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Futures 0.0018% NSE ₹215 | BSE ₹75
Equity Options 0.05% on Premium NSE ₹5750 | BSE ₹3250
Currency Futures 0.0012% NSE ₹135 | BSE ₹29
Currency Options 0.05% on Premium NSE ₹4750 | BSE ₹754
Commodity NA MCX - Non Agri ₹235 | MCX - Agri ₹100
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Exposure

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
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 NA Upto 3x
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Share Broker Features

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
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
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
  400 Customer Reviews    Rate ICICIDirect 5 Customer Reviews    Rate Bonanza
Fees Ratings 2.3 2.8
Trading Brokerage Rating 1.7 3.0
Trading Platform Usability 3.4 3.2
Customer Service Ratings 2.8 3.4
Overall Ratings Rated 2.4 stars Rated 3.2 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Bonanza is Rated 3.2 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
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
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Customer Service Offered

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
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
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Bonanza Portfolio Ltd
Pros
  • 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...

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

More Disadvantages...

  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.

More Disadvantages...

Reviews
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

Enquire about ICICIDirect Enquire about Bonanza
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