Indiabulls Vs Bonanza (Compare Indiabulls and Bonanza)

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


Indiabulls
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 interest margin funding. Indiabulls Shubh is an offering of Indiabulls Ventures Ltd, one of the oldest stock brokers in India serving customers since the year 2000. Indiabulls Ventures serves over 7 lakh customers with a dedicated sales team of more... Know more about Indiabulls Ventures Limited


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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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
Supported Exchnages BSE, NSE and MCX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Equity Unlimited Trade Flat Brokerage Plan
Year of Incorporation 2000 1994
Number of Branches 18 1784
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.
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Indiabulls Vs Bonanza Charges & AMC

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

  Indiabulls Bonanza
Trading Account Opening Charges ₹500 ₹999
Trading Account AMC Charges ₹0 Nil
Demat Account Opening Charges ₹0 Nil
Demat Account AMC Charges ₹450 Nil
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Indiabulls Vs Bonanza Brokerage Charges & Plans

Indiabulls Vs Bonanza Brokerage

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

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

Indiabulls Vs Bonanza Brokerage Plan 2

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

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 Transaction Charges

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

  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 Leverage (Margin)

Indiabulls provides the margin of Up to 5x (based on the stock) for intraday trades whereas the Bonanza margin for intraday cash is Upto 10x.

  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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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 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 is rated 3.2 of 5 based on 48 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Indiabulls Bonanza
  48 Customer Reviews    Rate Indiabulls 7 Customer Reviews    Rate Bonanza
Fees 3.5 3.4
Trading Brokerage 3.1 3.3
Trading Platform Usability 3.7 3.1
Customer Service 3.1 3.7
Research Capabilities 2.7 5.0
Overall Ratings Rated 3.2 stars Rated 3.6 stars
Broker Rating Indiabulls is rated 3.2 of 5 based on 48 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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  Indiabulls Enquire Bonanza Enquire
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FREE Unlimited Trading for 1st Month (₹1000 waived) Get the offer

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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 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 - 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 ₹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.
  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
  • 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.
  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

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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