IDBI Capital Vs Bonanza (Compare IDBI Capital and Bonanza)

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


IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities 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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IDBI Capital Vs Bonanza

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 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.

  IDBI Capital Bonanza
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, NSDL BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Standard Plan Flat Brokerage Plan
Year of Incorporation 1993 1994
Number of Branches 14 1784
Broker Enquiry Open an Online Trading Account with IDBI Capital. 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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IDBI Capital Vs Bonanza Charges & AMC

IDBI Capital trading account opening charges is ₹500 while Bonanza account opening changes is ₹999. IDBI Capital Demat Account AMC Charges is ₹450 and Bonanza Demat Account AMC Charges is Nil.

  IDBI Capital Bonanza
Trading Account Opening Charges ₹500 ₹999
Trading Account AMC Charges NIL Nil
Demat Account Opening Charges NIL Nil
Demat Account AMC Charges ₹450 Nil
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IDBI Capital Vs Bonanza Brokerage Charges & Plans

IDBI Capital Vs Bonanza Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order.

  IDBI Capital Bonanza
Account Type Standard Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹18 per executed order
Equity Intraday Brokerage 0.05% ₹18 per executed order
Equity Futures Brokerage 0.05% ₹18 per executed order
Equity Options Brokerage ₹100 per lot ₹18 per executed order
Currency Futures Trading Brokerage NA ₹18 per executed order
Currency Options Trading Brokerage NA ₹18 per executed order
Commodity Futures Trading Brokerage NA ₹18 per executed order
Commodity Options Trading Brokerage NA ₹18 per executed order
Special Offer

IDBI Capital Vs Bonanza Brokerage Plan 2

  IDBI Capital Bonanza
Account Type Ace Trader Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.10% to 0.50% ₹18 per executed order
Equity Intraday Brokerage 0.020% to 0.050% ₹18 per executed order
Equity Futures Brokerage 0.020% to 0.048% ₹18 per executed order
Equity Options Brokerage ₹100 per lot ₹18 per executed order
Currency Futures Trading Brokerage ₹18 per executed order
Currency Options Trading Brokerage ₹18 per executed order
Commodity Futures Trading Brokerage ₹18 per executed order
Commodity Options Trading Brokerage ₹18 per executed order
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IDBI Capital Charges Vs Bonanza

Minimum Brokerage Charges ₹25 per trade or 2.5% of the trade value whichever is lower. Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges Nil ₹25 per trade
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IDBI Capital Vs Bonanza Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while Bonanza exchange transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium).

  IDBI Capital Bonanza
Equity Delivery 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures 0.0019% NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
Equity Options 0.051% on premium NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
Currency Futures NA NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
Currency Options NA 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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IDBI Capital Vs Bonanza Leverage (Margin)

IDBI Capital provides the margin of Upto 4x for intraday trades whereas the Bonanza margin for intraday cash is Upto 10x.

  IDBI Capital Bonanza
Equity Delivery Nil Upto 10x + Interest
Equity Intraday Upto 4x Upto 10x
Equity Futures Nil Upto 3x
Equity Options Nil Upto 2x for shorting
Currency Futures Nil Upto 2x
Currency Options Nil Upto 2x for shorting
Commodity Futures Nil Upto 3x
Commodity Options
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Compare IDBI Capital and Bonanza Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

  IDBI Capital Bonanza
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Power Pro, Power Streaming, IDBI Direct Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:00 PM 3:15
Other Features Morning Report, Equity SIP, Investment Guide
Referral Program
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IDBI Capital Vs Bonanza Review

IDBI Capital is rated 2.7 of 5 based on 38 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  IDBI Capital Bonanza
  38 Customer Reviews    Rate IDBI Capital 7 Customer Reviews    Rate Bonanza
Fees 3.2 3.4
Trading Brokerage 2.6 3.3
Trading Platform Usability 2.6 3.1
Customer Service 2.9 3.7
Research Capabilities 3.0 5.0
Overall Ratings Rated 2.7 stars Rated 3.6 stars
Broker Rating IDBI Capital is rated 2.7 of 5 based on 38 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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IDBI Capital Vs Bonanza Investment Options

  IDBI Capital Bonanza
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance
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IDBI Capital Vs Bonanza Order Type Offered

  IDBI Capital Bonanza
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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IDBI Capital Vs Bonanza Research Report

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

  IDBI Capital Bonanza
Casual Investor Yes
Active Investor Yes
Trader Yes
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IDBI Capital Vs Bonanza - Pros and Cons

  IDBI Capital Bonanza
Pros - Prepaid plans are available for volume traders.
  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 - Additional charge of ₹2000 per year for installable trading platform.
  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

AMC are waived off for the 1st year

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