Unlimited Trading @ Rs 899 per month - Prostocks

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 Shubh is a discount stock broker offering ultra-low brokerage plans. Indiabulls is among the best stock broker in India with offering including unlimited trading plans, free trading platforms, free call & trade, free research and zero ... 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 Discount Broker Full Service Broker
Supported Exchnage BSE, NSE and MCX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Equity Unlimited Trade 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 18 1784
Enquire Indiabulls Enquire Bonanza
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Indiabulls Vs Bonanza Charges

  Indiabulls Bonanza
Trading Account Opening Fees ₹500 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Nil
Demat Account AMC ₹450 ₹250
Demat Account is Mandatory? No No
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Indiabulls Vs Bonanza Brokerage

Brokerage Plan 1

  Indiabulls Bonanza
Account Type Equity Unlimited Trade Default Plan
Fixed Charges ₹1000
Equity Delivery Brokerage ₹0 (Free) 0.10%
Equity Intraday Brokerage ₹0 (Free) 0.005%
Equity Futures Brokerage ₹15 per trade 0.005%
Equity Options Brokerage ₹15 per trade ₹15 per Lot
Currency Futures Trading Brokerage ₹15 per trade 0.0025%
Currency Options Trading Brokerage ₹15 per trade ₹5 per lot
Commodity Futures Trading Brokerage 0.03% 0.004%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Indiabulls Bonanza
Account Type F&O Unlimited Trade Plan 1000
Fixed Charges ₹1000
Equity Delivery Brokerage ₹15 per trade 0.1%
Equity Intraday Brokerage ₹15 per trade 0.005%
Equity Futures Brokerage ₹0 (Free) 0.005%
Equity Options Brokerage ₹0 (Free) ₹15 per lot
Currency Futures Trading Brokerage ₹0 (Free) .0025%
Currency Options Trading Brokerage ₹0 (Free) ₹5 per lot
Commodity Futures Trading Brokerage 0.03% 0.004%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 3

  Indiabulls Bonanza
Account Type Base Plan Plan 7500
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.025%
Equity Intraday Brokerage ₹15 per executed order 0.00312%
Equity Futures Brokerage ₹15 per executed order 0.00312%
Equity Options Brokerage ₹15 per executed order ₹10 per lot
Currency Futures Trading Brokerage ₹15 per executed order 0.0015%
Currency Options Trading Brokerage ₹15 per executed order ₹4 per lot
Commodity Futures Trading Brokerage 0.03% 0.00208%
Commodity Options Trading Brokerage 0.03%

Other Charges

Minimum Brokerage Charges ₹0 (Unlimited Plan), ₹15 (Per Trade Plan) Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹0 (Free) ₹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 ₹325 per crore (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday ₹325 per crore (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures ₹250 per crore (0.0025%) NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
Equity Options ₹5500 per crore (on premium) (0.055%) NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
Currency Futures ₹250 per crore (0.0025%) NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
Currency Options ₹5500 per crore (on premium) (0.055%) NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
Commodity MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
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Indiabulls Vs Bonanza Exposure Margin

  Indiabulls Bonanza
Equity Delivery 1x (no margin) Upto 10x + Interest
Equity Intraday Up to 5x (based on the stock) Upto 10x
Equity Futures Intra-day: 4x | Carry forward: 1x (no margin) Upto 3x
Equity Options Intra-day: 4x | Carry forward: 1x Upto 2x for shorting
Currency Futures Intra-day: 2x | Carry forward: 1x Upto 2x
Currency Options Intra-day: 2x | Carry forward: 1x Upto 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options NA
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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 (PIB) 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
  45 Customer Reviews    Rate Indiabulls 6 Customer Reviews    Rate Bonanza
Fees Ratings 3.4 3.2
Trading Brokerage Rating 3.1 3.0
Trading Platform Usability 3.8 3.2
Customer Service Ratings 3.1 3.5
Overall Ratings Rated 3.2 stars Rated 3.3 stars
Broker Rating Indiabulls is Rated 3.2 / 5 based on 45 customer reviews Bonanza is Rated 3.3 / 5 based on 6 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 No 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 No 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) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No 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
  • Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades.
  • Interest-free Margin Funding in Unlimited Trading plan.
  • Margin funding is available at a low cost of 12% per annum in ₹15/trade plan.
  • Free trading software.
  • Free research reports and trading tips to all the customers.
  • 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
  • Online IPO and Mutual Fund investment are not available in Indiabulls Shubh App.
  • Local branch support is not available to online customers.
  • Advance order types i.e. Bracket Order, Cover Order are not available in monthly unlimited trading plans.
  • Margin against share is not available in Unlimited Trading Plans.

More Disadvantages...

  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.

More Disadvantages...

Reviews
Promo / Offers

Limited Time Offer - FREE Unlimited Trading for 1st Month (₹1000 waived)

Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at ₹1000/month or Trade at flat ₹15 per executed order.

Get this limited time offer

AMC are waived off for the 1st year

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