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.
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
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| 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...  |
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... |
Type of Broker
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Full Service Broker |
Full Service Broker |
| Supported Exchnage
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BSE, NSE |
BSE, NSE, MCX, NCDEX, NFO, CDS |
| Account Type
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3-in-1 Account (I-Secure Plan) |
Default Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Trading Account Opening Fees
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Rs 975 |
Nil |
| Trading Account AMC
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NIL |
Nil |
| Demat Account Opening Fees
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NIL |
Nil |
| Demat Account AMC
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Rs 600 |
Rs 250 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Account Type |
3-in-1 Account (I-Secure Plan) |
Default Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.55% |
0.10% |
| Equity Intraday Brokerage
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0.275% |
0.01% |
| Equity Futures Brokerage
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0.05% to 0.03% |
0.01% |
| Equity Options Brokerage
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Rs 95 to Rs 35 per lot |
Rs 20 per Lot |
| Currency Futures Trading Brokerage
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0.050% to 0.030% |
0.006% |
| Currency Options Trading Brokerage
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Rs 25 to Rs 10 per lot |
Rs 10 |
| Commodity Futures Trading Brokerage
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NA |
0.006% |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Account Type |
I-Saver Plan |
Plan 1000 |
| Fixed Charges
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| Equity Delivery Brokerage
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0.75% to 0.25% |
0.1% |
| Equity Intraday Brokerage
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0.75% to 0.25% |
0.005% |
| Equity Futures Brokerage
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0.05% to 0.03% |
0.005% |
| Equity Options Brokerage
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Rs 95 to Rs 65 per lot |
15 per lot |
| Currency Futures Trading Brokerage
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0.05% to 0.03% |
.0025% |
| Currency Options Trading Brokerage
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Rs 95 to Rs 65 per lot |
5 per lot |
| Commodity Futures Trading Brokerage
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NA |
0.004% |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Account Type |
3-in-1 Account (I-Secure Plan) |
Plan 7500 |
| Fixed Charges
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| Equity Delivery Brokerage
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0.55% |
0.025% |
| Equity Intraday Brokerage
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0.275% |
0.00312% |
| Equity Futures Brokerage
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0.05% to 0.03% |
0.00312% |
| Equity Options Brokerage
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Rs 95 to Rs 35 per lot |
10 per lot |
| Currency Futures Trading Brokerage
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0.050% to 0.030% |
0.0015% |
| Currency Options Trading Brokerage
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Rs 25 to Rs 10 per lot |
4 per lot |
| Commodity Futures Trading Brokerage
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NA |
0.00208% |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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Rs 35 per trade |
Intraday - .0001% and Delivery - .005% |
| Other Brokerage Charges
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| Call & Trade Charges
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Rs 25 per trade |
Taxes
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Equity Delivery
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NSE: 0.0031% | BSE: 0.0028% |
NSE ₹325 | BSE ₹275 |
| Equity Intraday
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NSE: 0.0031% | BSE: 0.0028% |
NSE ₹325 | BSE ₹275 |
| Equity Futures
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0.0018% |
NSE ₹215 | BSE ₹75 |
| Equity Options
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0.05% on Premium |
NSE ₹5750 | BSE ₹3250 |
| Currency Futures
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0.0012% |
NSE ₹135 | BSE ₹29 |
| Currency Options
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0.05% on Premium |
NSE ₹4750 | BSE ₹754 |
| Commodity
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NA |
MCX - Non Agri ₹235 | MCX - Agri ₹100 |
Exposure
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Equity Delivery
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| Equity Intraday
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| Equity Futures
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| Equity Options
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| Currency Futures
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| Currency Options
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| Commodity
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Share Broker Features
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Trading Platform
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Trade Racer |
Omnesys NEST Trader |
| Intraday Square-off Time
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3:15 |
| Other Features
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Broker Ratings (Average User Rating)
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
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389 Customer Reviews  |
5 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
ICICIDirect is Rated 2.5 / 5 based on 389 customer reviews |
Bonanza is Rated 3.2 / 5 based on 5 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Insurance |
Customer Service Offered
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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ICICI Securities Pvt Ltd. |
Bonanza Portfolio Ltd |
| Pros
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- 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... |
- 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
More Advantages... |
| Cons
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- 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... |
- 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.
More Disadvantages... |
| Reviews
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| Promo / Offers
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AMC are waived off for the 1st year |
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Enquire about ICICIDirect
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Enquire about Bonanza
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| Compare More Brokers |
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Zerodha
Zero Account Opening Fee