Indiabulls Vs Bonanza (Compare Indiabulls and Bonanza)

Indiabulls Vs Bonanza

Incorporated in 2000, Indiabulls is a Full Service Broker. It offers trading at BSE, NSE and MCX. It has 18 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.

	Indiabulls	Bonanza
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE and MCX	BSE, NSE, MCX, NCDEX, NFO, CDS
Year of Incorporation	2000	1994
Number of Branches	18	1784
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Indiabulls Vs Bonanza Charges & AMC

Indiabulls trading account opening charges is Rs 500 while Bonanza account opening changes is Rs 999. Indiabulls Demat Account AMC Charges is Rs 450 and Bonanza Demat Account AMC Charges is Nil.

	Indiabulls	Bonanza
Trading Account Opening Charges	Rs 500	Rs 999
Trading Account AMC Charges	Rs 0	Nil
Demat Account Opening Charges	Rs 0	Nil
Demat Account AMC Charges	Rs 450	Nil

Indiabulls Vs Bonanza Brokerage

Indiabulls brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free) whereas Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order.

	Indiabulls	Bonanza
Account Type	Equity Unlimited Trade	Flat Brokerage Plan
Fixed Charges	Rs 1000
Equity Delivery	Rs 0 (Free)	Rs 18 per executed order
Equity Intraday	Rs 0 (Free)	Rs 18 per executed order
Equity Futures	Rs 15 per trade	Rs 18 per executed order
Equity Options	Rs 15 per trade	Rs 18 per executed order
Currency Futures	Rs 15 per trade	Rs 18 per executed order
Currency Options	Rs 15 per trade	Rs 18 per executed order
Commodity Futures	0.03%	Rs 18 per executed order
Commodity Options	0.03%	Rs 18 per executed order
Special Offer	Special Offer: FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer

Indiabulls Vs Bonanza Brokerage Plan 2

	Indiabulls	Bonanza
Account Type	F&O Unlimited Trade	Flat Brokerage Plan
Fixed Charges	Rs 1000
Equity Delivery	Rs 15 per trade	Rs 18 per executed order
Equity Intraday	Rs 15 per trade	Rs 18 per executed order
Equity Futures	Rs 0 (Free)	Rs 18 per executed order
Equity Options	Rs 0 (Free)	Rs 18 per executed order
Currency Futures	Rs 0 (Free)	Rs 18 per executed order
Currency Options	Rs 0 (Free)	Rs 18 per executed order
Commodity Futures	0.03%	Rs 18 per executed order
Commodity Options	0.03%	Rs 18 per executed order
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Indiabulls Vs Bonanza Brokerage Plan 3

	Indiabulls	Bonanza
Account Type	Base Plan	Flat Brokerage Plan
Fixed Charges	NA
Equity Delivery	Rs 0 (Free)	Rs 18 per executed order
Equity Intraday	Rs 15 per executed order	Rs 18 per executed order
Equity Futures	Rs 15 per executed order	Rs 18 per executed order
Equity Options	Rs 15 per executed order	Rs 18 per executed order
Currency Futures	Rs 15 per executed order	Rs 18 per executed order
Currency Options	Rs 15 per executed order	Rs 18 per executed order
Commodity Futures	0.03%	Rs 18 per executed order
Commodity Options	0.03%	Rs 18 per executed order
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Indiabulls Charges Vs Bonanza

Minimum Brokerage	Rs 0 (Unlimited Plan), Rs 15 (Per Trade Plan)	Intraday - .0001% and Delivery - .005%
Other Charges
Call & Trade Charges	Rs 0 (Free)	Rs 25 per trade

Indiabulls Vs Bonanza Transaction Charges

Indiabulls transaction charges for options is Rs 5500 per crore (on premium) (0.055%) while Bonanza exchange transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium).

	Indiabulls	Bonanza
Equity Delivery	Rs 325 per crore (0.00325%)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Intraday	Rs 325 per crore (0.00325%)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Futures	Rs 250 per crore (0.0025%)	NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side)
Equity Options	Rs 5500 per crore (on premium) (0.055%)	NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium)
Currency Futures	Rs 250 per crore (0.0025%)	NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)
Currency Options	Rs 5500 per crore (on premium) (0.055%)	NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)
Commodity		MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)
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Indiabulls Vs Bonanza Leverage (Margin)

Indiabulls margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Bonanza margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Indiabulls	Bonanza
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Indiabulls and Bonanza Features

The trading platforms offered Indiabulls include SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB). Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

	Indiabulls	Bonanza
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
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
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Indiabulls Vs Bonanza Review

Indiabulls is rated 3.2 of 5 based on 50 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

	Indiabulls	Bonanza
	50 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Indiabulls is rated 3.2 of 5 based on 50 customer reviews	Bonanza is rated 3.6 of 5 based on 7 customer reviews

Indiabulls Vs Bonanza Investment Options

	Indiabulls	Bonanza
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance

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)
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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 - Pros and Cons

	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 Rs 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.	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
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.	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.
Reviews
Promo / Offers	Limited Time Offer - FREE Unlimited Trading for 1st Month (Rs 1000 waived) Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order. Get this limited time offer	AMC are waived off for the 1st year
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