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ICICIdirect Vs Bonanza (Compare ICICIdirect and Bonanza)


ICICI Securities Pvt Ltd. Logo

ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.


Bonanza Portfolio Ltd Logo

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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ICICIdirect Vs Bonanza

Incorporated in 2000, ICICIdirect 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.

  ICICIdirect Bonanza
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX, NFO, CDS
Year of Incorporation 2000 1994
Number of Branches 154 1784
Open an Online Trading Account with ICICIdirect.Open an Online Trading Account with Bonanza.
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ICICIdirect Vs Bonanza Charges & AMC

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

  ICICIdirect Bonanza
Trading Account Opening Charges Rs 0 (Free) Rs 999
Trading Account AMC Charges Rs 0 (Free) Nil
Demat Account Opening Charges Rs 0 (Free) Nil
Demat Account AMC Charges Rs 300 (from 2nd year) Nil
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ICICIdirect Vs Bonanza Brokerage Charges & Plans

ICICIdirect Vs Bonanza Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order.

  ICICIdirect Bonanza
Account Type ICICI Neo Plan Flat Brokerage Plan
Fixed Charges NA
Equity Delivery 0.55% Rs 18 per executed order
Equity Intraday Rs 20 per order Rs 18 per executed order
Equity Futures Rs 0 (Free) Rs 18 per executed order
Equity Options Rs 20 per order Rs 18 per executed order
Currency Futures Rs 20 per order Rs 18 per executed order
Currency Options Rs 20 per order Rs 18 per executed order
Commodity Futures Rs 20 per order Rs 18 per executed order
Commodity Options Rs 20 per order Rs 18 per executed order
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICIdirect Vs Bonanza Brokerage Plan 2

  ICICIdirect Bonanza
Account Type I-Secure Plan Flat Brokerage Plan
Fixed Charges NA
Equity Delivery 0.55% Rs 18 per executed order
Equity Intraday 0.275% Rs 18 per executed order
Equity Futures 0.05% Rs 18 per executed order
Equity Options Rs 95 per lot Rs 18 per executed order
Currency Futures Rs 20 per order Rs 18 per executed order
Currency Options Rs 20 per order Rs 18 per executed order
Commodity Futures Rs 20 per order Rs 18 per executed order
Commodity Options Rs 20 per order Rs 18 per executed order
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ICICIdirect Charges Vs Bonanza

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Intraday - .0001% and Delivery - .005%
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 25 per trade
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ICICIdirect Vs Bonanza Transaction Charges

ICICIdirect 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).

  ICICIdirect 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 Group A - Rs 260 per Cr (0.0026%) MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)
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ICICIdirect Vs Bonanza Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Bonanza margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Bonanza
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and Bonanza Features

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

  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 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
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ICICIdirect Vs Bonanza Review

ICICIdirect is rated 2.4 of 5 based on 453 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  ICICIdirect Bonanza
  453 Customer Reviews    Rate ICICIdirect 7 Customer Reviews    Rate Bonanza
Fees 2.2 3.4
Brokerage 1.7 3.3
Trading Platform 3.3 3.1
Customer Service 2.7 3.7
Research Capabilities 2.9 5.0
Overall Ratings Rated 2.4 stars Rated 3.6 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 453 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Bonanza Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Leave your contact information and we will get in touch with you....
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ICICIdirect Vs Bonanza Investment Options

  ICICIdirect Bonanza
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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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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
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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
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ICICIdirect Vs Bonanza Suitable For Investor Type

  ICICIdirect Bonanza
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICIdirect Vs Bonanza - Pros and Cons

  ICICIdirect 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.
  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
  • 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.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  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

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

AMC are waived off for the 1st year

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