Free Trading + Demat Account

Indiabulls Vs Bonanza (Compare Indiabulls and Bonanza)

The side-by-side comparison of Indiabulls and Bonanza. Compare Indiabulls Vs Bonanza brokerage, charges, exposure margin, demat account. Read Bonanza and Indiabulls review.

Find out Indiabulls Vs Bonanza which is better and Indiabulls Vs Bonanza which is best.

Our Indiabulls Ventures Limited comparison with Bonanza Portfolio Ltd highlights the major differences between two brokers. Find the best between Indiabulls and Bonanza.

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Indiabulls Vs Bonanza

  Indiabulls Bonanza
Find more info about broker
Indiabulls Ventures Limited Logo Bonanza Portfolio Ltd Logo
About the Broker Indiabulls Ventures Ltd (Formerly Indiabulls Securities) is the India-based Stock Broker. IVL is part of Indiabulls Group, a leading business house in India with businesses spread across many sectors including Infrastructure, Power, Real Estate and F... Know more about Indiabulls Ventures Limited 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... Know more about Bonanza Portfolio Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Indiabulls Shubh Default Plan
Broker Enquiry Open an Online Trading Account with Indiabulls. 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.
Year of Incorporation 2000 1994
Number of Branches 22 1784
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Indiabulls Vs Bonanza Charges

  Indiabulls Bonanza
Trading Account Opening Fees ₹450 Nil
Trading Account AMC NIL Nil
Demat Account Opening Fees NIL Nil
Demat Account AMC ₹450 (Free for 1st Year) Rs 250
Demat Account is Mandatory? No No
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Indiabulls Vs Bonanza Brokerage

Brokerage Plan 1

  Indiabulls Bonanza
Account Type Indiabulls Shubh Default Plan
Fixed Charges
Equity Delivery Brokerage 0% 0.10%
Equity Intraday Brokerage ₹15 per executed order or .01% whichever is lower 0.005%
Equity Futures Brokerage ₹15 per executed order or .01% whichever is lower 0.005%
Equity Options Brokerage ₹15 per lot Rs 15 per Lot
Currency Futures Trading Brokerage ₹15 per executed order or .01% whichever is lower 0.0025%
Currency Options Trading Brokerage ₹15 per lot Rs 5 per lot
Commodity Futures Trading Brokerage 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Indiabulls Bonanza
Account Type Indiabulls Shubh Plan 1000
Fixed Charges
Equity Delivery Brokerage 0% 0.1%
Equity Intraday Brokerage ₹15 per executed order or .01% whichever is lower 0.005%
Equity Futures Brokerage ₹15 per executed order or .01% whichever is lower 0.005%
Equity Options Brokerage ₹15 per lot 15 per lot
Currency Futures Trading Brokerage ₹15 per executed order or .01% whichever is lower .0025%
Currency Options Trading Brokerage ₹15 per lot 5 per lot
Commodity Futures Trading Brokerage 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Indiabulls Bonanza
Account Type Indiabulls Shubh Plan 7500
Fixed Charges
Equity Delivery Brokerage 0% 0.025%
Equity Intraday Brokerage ₹15 per executed order or .01% whichever is lower 0.00312%
Equity Futures Brokerage ₹15 per executed order or .01% whichever is lower 0.00312%
Equity Options Brokerage ₹15 per lot 10 per lot
Currency Futures Trading Brokerage ₹15 per executed order or .01% whichever is lower 0.0015%
Currency Options Trading Brokerage ₹15 per lot 4 per lot
Commodity Futures Trading Brokerage 0.00208%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0 Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹15 Rs 25 per trade
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Indiabulls Vs Bonanza Taxes

  Indiabulls Bonanza
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Indiabulls Vs Bonanza Transaction Charges

  Indiabulls Bonanza
Equity Delivery 0.00325% NSE ₹325 | BSE ₹275
Equity Intraday 0.00325% NSE ₹325 | BSE ₹275
Equity Futures 0.0025% NSE ₹215 | BSE ₹75
Equity Options 0.055% on Premium NSE ₹5750 | BSE ₹3250
Currency Futures 0.0025% NSE ₹135 | BSE ₹29
Currency Options 0.055% on Premium NSE ₹4750 | BSE ₹754
Commodity 0.003% MCX - Non Agri ₹235 | MCX - Agri ₹100
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Indiabulls Vs Bonanza Exposure Margin

  Indiabulls Bonanza
Equity Delivery 1x (no margin) Upto 10x + Interest
Equity Intraday Up to 12x (based on the stock) Upto 10x
Equity Futures Intraday - 50%(2x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Upto 3x
Equity Options 1x (no margin) Upto 2x for shorting
Currency Futures 1x (no margin) Upto 2x
Currency Options 1x (no margin) Upto 2x for shorting
Commodity Futures Upto 3x
Commodity Options
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Indiabulls and Bonanza Feature Comparison

  Indiabulls Bonanza
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes 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 SHUBH Mobile, SHUBH Web, Power Indiabulls Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:15
Other Features Live News, World market summary
Referral Program
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Indiabulls Vs Bonanza Review

  Indiabulls Bonanza
  44 Customer Reviews    Rate Indiabulls 5 Customer Reviews    Rate Bonanza
Fees Ratings 3.4 2.8
Trading Brokerage Rating 3.1 3.0
Trading Platform Usability 3.7 3.2
Customer Service Ratings 3.1 3.4
Overall Ratings Rated 3.2 stars Rated 3.2 stars
Broker Rating Indiabulls is Rated 3.2 / 5 based on 44 customer reviews Bonanza is Rated 3.2 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  Indiabulls Enquire Bonanza Enquire
Contact Broker
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Indiabulls Vs Bonanza Investment Options

  Indiabulls Bonanza
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes 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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Indiabulls Vs Bonanza Customer Service

  Indiabulls Bonanza
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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Indiabulls Vs Bonanza Order Type Offered

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

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

  Indiabulls Bonanza
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Indiabulls Vs Bonanza - Advantages and Disadvantages

  Indiabulls Bonanza
Pros
  1. Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades.
  2. Pay flat Rs 15 per trade for trade across all other segments.
  3. Margin funding is available at a low cost of 12% per annum.
  4. Free trading software's.
  5. Indiabulls has a good network of branches across India.
  6. Free research reports and trading tips to all the customers.
  7. Years of experience, trust and good track record in stock broker business.

More Advantages...

  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

More Advantages...

Cons
  • Margin offered in Indiabull Shubh app are significantly lower than other brokers. No margin offered in Equity options intra-day.
  • Online IPO and Mutual Fund investment is not available in Indiabulls Shubh App.
  • Power Indiabulls Trading Terminal cost Rs 450 onetime charge.
  • Indiabulls doesn't provide 3-in-1 account as they do not offer banking services.

More Disadvantages...

  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.

More Disadvantages...

Reviews
Enquire Indiabulls Enquire Bonanza
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