ICICI Direct Vs Bonanza (Compare ICICI Direct and Bonanza)

ICICI Direct Vs Bonanza

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 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.

	ICICI Direct	Bonanza
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnages	BSE, NSE	BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type	3-in-1 Account (I-Secure Plan)	Flat Brokerage Plan
Year of Incorporation	2000	1994
Number of Branches	154	1784
Broker Enquiry
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ICICI Direct Vs Bonanza Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while Bonanza account opening changes is Rs 999. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Bonanza Demat Account AMC Charges is Nil.

	ICICI Direct	Bonanza
Trading Account Opening Charges	Rs 0	Rs 999
Trading Account AMC Charges	Rs 0	Nil
Demat Account Opening Charges	Rs 0	Nil
Demat Account AMC Charges	Rs 300 (from 2nd year)	Nil

ICICI Direct Vs Bonanza Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order.

	ICICI Direct	Bonanza
Account Type	3-in-1 Account (I-Secure Plan)	Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage	0.55%	Rs 18 per executed order
Equity Intraday Brokerage	0.275%	Rs 18 per executed order
Equity Futures Brokerage	0.05% to 0.03%	Rs 18 per executed order
Equity Options Brokerage	Rs 95 to Rs 35 per lot	Rs 18 per executed order
Currency Futures Trading Brokerage	0.050% to 0.030%	Rs 18 per executed order
Currency Options Trading Brokerage	Rs 25 to Rs 10 per lot	Rs 18 per executed order
Commodity Futures Trading Brokerage	NA	Rs 18 per executed order
Commodity Options Trading Brokerage	NA	Rs 18 per executed order
Special Offer	Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

ICICI Direct Vs Bonanza Brokerage Plan 2

	ICICI Direct	Bonanza
Account Type	I-Saver Plan	Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage	0.75% to 0.25%	Rs 18 per executed order
Equity Intraday Brokerage	0.75% to 0.25%	Rs 18 per executed order
Equity Futures Brokerage	0.05% to 0.03%	Rs 18 per executed order
Equity Options Brokerage	Rs 95 to Rs 65 per lot	Rs 18 per executed order
Currency Futures Trading Brokerage	0.05% to 0.03%	Rs 18 per executed order
Currency Options Trading Brokerage	0.25 to Rs 65 per lot	Rs 18 per executed order
Commodity Futures Trading Brokerage	NA	Rs 18 per executed order
Commodity Options Trading Brokerage	NA	Rs 18 per executed order
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ICICI Direct Vs Bonanza Brokerage Plan 3

	ICICI Direct	Bonanza
Account Type	ICICIdirect Prime Plan	Flat Brokerage Plan
Fixed Charges	Rs 900
Equity Delivery Brokerage	0.25%	Rs 18 per executed order
Equity Intraday Brokerage	0.25%	Rs 18 per executed order
Equity Futures Brokerage	0.025%	Rs 18 per executed order
Equity Options Brokerage	Rs 35	Rs 18 per executed order
Currency Futures Trading Brokerage	Rs 0	Rs 18 per executed order
Currency Options Trading Brokerage	Rs 0	Rs 18 per executed order
Commodity Futures Trading Brokerage	NA	Rs 18 per executed order
Commodity Options Trading Brokerage	NA	Rs 18 per executed order
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ICICI Direct Charges Vs Bonanza

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

ICICI Direct Vs Bonanza Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Bonanza exchange transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium).

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

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Bonanza margin for intraday cash is Upto 10x.

	ICICI Direct	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
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Compare ICICI Direct and Bonanza Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

	ICICI Direct	Bonanza
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
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ICICI Direct Vs Bonanza Review

ICICI Direct is rated 2.4 of 5 based on 440 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

	ICICI Direct	Bonanza
	440 Customer Reviews	7 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 440 customer reviews	Bonanza is rated 3.6 of 5 based on 7 customer reviews

ICICI Direct Vs Bonanza Investment Options

	ICICI Direct	Bonanza
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS	Insurance

ICICI Direct Vs Bonanza Order Type Offered

	ICICI Direct	Bonanza
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICI Direct Vs Bonanza Research Report

	ICICI Direct	Bonanza
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Bonanza Suitable For Investor Type

	ICICI Direct	Bonanza
Casual Investor
Active Investor
Trader

ICICI Direct Vs Bonanza - Pros and Cons

	ICICI Direct	Bonanza
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.	Multiple fee structure to fulfill need of different type of investors. Offers 2 in 1 account which is Trading cum Demat account Bonanza offers add-on services like online bidding for IPO and mutual funds
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.	Call & trade is charged extra at the rate of Rs 25 per trade. Bonanza doesn't offer any Referral program. Customer reported hidden charges and fees which was not explained at the time of account opening.
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
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