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.
Indiabulls Vs Bonanza
Indiabulls
Bonanza
Find more info about broker
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 ...
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
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
Year of Incorporation
2000
1994
Number of Branches
18
1784
Enquire Indiabulls
Enquire Bonanza
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
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%
Special Offer
Special Offer: FREE Unlimited Trading for 1st Month (₹1000 waived) Get the offer
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
Indiabulls Vs Bonanza Taxes
Indiabulls
Bonanza
Securities Transaction Tax (STT)
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)
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.
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%)
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
Indiabulls and Bonanza Feature Comparison
Indiabulls
Bonanza
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
Indiabulls Vs Bonanza Review
Indiabulls
Bonanza
45 Customer Reviews
6 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Indiabulls is Rated 3.2 / 5 based on 45 customer reviews Bonanza is Rated 3.3 / 5 based on 6 customer reviews
Indiabulls Vs Bonanza Investment Options
Indiabulls
Bonanza
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Insurance
Indiabulls Vs Bonanza Customer Service
Indiabulls
Bonanza
24/7 Customer Service
Onine Live Chat
Through Branches
Indiabulls Vs Bonanza Order Type Offered
Indiabulls
Bonanza
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Indiabulls Vs Bonanza Research Report
Indiabulls
Bonanza
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Indiabulls Vs Bonanza Suitable For Investor Type
Indiabulls
Bonanza
Casual Investor
Active Investor
Trader
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...
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
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...
Call & trade is charged extra at the rate of ₹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
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
Zerodha
Zero Account Opening Fee