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... Know more about ICICI Securities Pvt Ltd.


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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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 Open an Online Trading Account with ICICI Direct. 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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ICICI Direct Vs Bonanza Charges & AMC

ICICI Direct trading account opening charges is ₹975 while Bonanza account opening changes is ₹999. ICICI Direct Demat Account AMC Charges is ₹700 and Bonanza Demat Account AMC Charges is Nil.

  ICICI Direct Bonanza
Trading Account Opening Charges ₹975 ₹999
Trading Account AMC Charges ₹0 Nil
Demat Account Opening Charges ₹0 Nil
Demat Account AMC Charges ₹700 Nil
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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
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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 DirectEnquire 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
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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%)
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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 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
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ICICI Direct Vs Bonanza Review

ICICI Direct is rated 2.4 of 5 based on 422 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  ICICI Direct Bonanza
  422 Customer Reviews    Rate ICICI Direct 7 Customer Reviews    Rate Bonanza
Fees 2.3 3.4
Trading Brokerage 1.7 3.3
Trading Platform Usability 3.4 3.1
Customer Service 2.7 3.7
Research Capabilities 3.0 5.0
Overall Ratings Rated 2.4 stars Rated 3.6 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 422 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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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.

Leave your contact information and we will get in touch with you....

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ICICI Direct Vs Bonanza Investment Options

  ICICI Direct 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
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ICICI Direct Vs Bonanza Order Type Offered

  ICICI Direct 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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ICICI Direct Vs Bonanza Research Report

  ICICI Direct Bonanza
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs Bonanza Suitable For Investor Type

  ICICI Direct Bonanza
Casual Investor Yes
Active Investor Yes
Trader Yes
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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.
  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 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.
  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.
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 DirectEnquire Bonanza

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