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ICICI Direct Vs Bonanza (Compare ICICI Direct and Bonanza)

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

ICICI Direct
ICICI Direct 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, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags...

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...

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
	Enquire ICICI Direct	Enquire Bonanza

ICICI Direct Vs Bonanza Charges & AMC

ICICI Direct trading account opening charges is ₹0 while Bonanza account opening changes is ₹999. ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and Bonanza Demat Account AMC Charges is Nil.

	ICICI Direct	Bonanza
Trading Account Opening Charges	₹0	₹999
Trading Account AMC Charges	₹0	Nil
Demat Account Opening Charges	₹0	Nil
Demat Account AMC Charges	₹700 (from 2nd year)	Nil

ICICI Direct Vs Bonanza Brokerage Charges & Plans

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 ₹18 per executed order and intraday is ₹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%	₹18 per executed order
Equity Intraday Brokerage	0.275%	₹18 per executed order
Equity Futures Brokerage	0.05% to 0.03%	₹18 per executed order
Equity Options Brokerage	₹95 to ₹35 per lot	₹18 per executed order
Currency Futures Trading Brokerage	0.050% to 0.030%	₹18 per executed order
Currency Options Trading Brokerage	₹25 to ₹10 per lot	₹18 per executed order
Commodity Futures Trading Brokerage	NA	₹18 per executed order
Commodity Options Trading Brokerage	NA	₹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%	₹18 per executed order
Equity Intraday Brokerage	0.75% to 0.25%	₹18 per executed order
Equity Futures Brokerage	0.05% to 0.03%	₹18 per executed order
Equity Options Brokerage	₹95 to ₹65 per lot	₹18 per executed order
Currency Futures Trading Brokerage	0.05% to 0.03%	₹18 per executed order
Currency Options Trading Brokerage	0.25 to ₹65 per lot	₹18 per executed order
Commodity Futures Trading Brokerage	NA	₹18 per executed order
Commodity Options Trading Brokerage	NA	₹18 per executed order
	Enquire ICICI Direct	Enquire Bonanza

ICICI Direct Vs Bonanza Brokerage Plan 3

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

ICICI Direct Charges Vs Bonanza

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

ICICI Direct Vs Bonanza Transaction Charges

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

	ICICI Direct	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%)
	Enquire ICICI Direct	Enquire Bonanza

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
	Enquire ICICI Direct	Enquire Bonanza

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
	Enquire ICICI Direct	Enquire Bonanza

ICICI Direct Vs Bonanza Review

ICICI Direct is rated 2.4 of 5 based on 430 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

	ICICI Direct	Bonanza
	430 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 430 customer reviews	Bonanza is rated 3.6 of 5 based on 7 customer reviews

Contact Broker / Request A Call Back

	ICICI Direct Enquire	Bonanza Enquire
Contact Broker	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. Name Phone # Email City Name State Are you a day trader?	Leave your contact information and we will get in touch with you.... Name Phone # Email City Name State Are you a day trader?

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)
	Enquire ICICI Direct	Enquire Bonanza

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 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.	Call & trade is charged extra at the rate of ₹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
	Enquire ICICI Direct	Enquire Bonanza

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ICICI Direct	Bonanza
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