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...
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...
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 | |
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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 |
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Enquire Indiabulls | Enquire Bonanza |
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 | |
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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 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 | |
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Account Type | Equity Unlimited Trade | Flat Brokerage Plan |
Fixed Charges | Rs 1000 | |
Equity Delivery Brokerage | Rs 0 (Free) | Rs 18 per executed order |
Equity Intraday Brokerage | Rs 0 (Free) | Rs 18 per executed order |
Equity Futures Brokerage | Rs 15 per trade | Rs 18 per executed order |
Equity Options Brokerage | Rs 15 per trade | Rs 18 per executed order |
Currency Futures Trading Brokerage | Rs 15 per trade | Rs 18 per executed order |
Currency Options Trading Brokerage | Rs 15 per trade | Rs 18 per executed order |
Commodity Futures Trading Brokerage | 0.03% | Rs 18 per executed order |
Commodity Options Trading Brokerage | 0.03% | Rs 18 per executed order |
Special Offer | Special Offer: FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer |
Indiabulls | Bonanza | |
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Account Type | F&O Unlimited Trade | Flat Brokerage Plan |
Fixed Charges | Rs 1000 | |
Equity Delivery Brokerage | Rs 15 per trade | Rs 18 per executed order |
Equity Intraday Brokerage | Rs 15 per trade | Rs 18 per executed order |
Equity Futures Brokerage | Rs 0 (Free) | Rs 18 per executed order |
Equity Options Brokerage | Rs 0 (Free) | Rs 18 per executed order |
Currency Futures Trading Brokerage | Rs 0 (Free) | Rs 18 per executed order |
Currency Options Trading Brokerage | Rs 0 (Free) | Rs 18 per executed order |
Commodity Futures Trading Brokerage | 0.03% | Rs 18 per executed order |
Commodity Options Trading Brokerage | 0.03% | Rs 18 per executed order |
Enquire Indiabulls | Enquire Bonanza |
Indiabulls | Bonanza | |
---|---|---|
Account Type | Base Plan | Flat Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 0 (Free) | Rs 18 per executed order |
Equity Intraday Brokerage | Rs 15 per executed order | Rs 18 per executed order |
Equity Futures Brokerage | Rs 15 per executed order | Rs 18 per executed order |
Equity Options Brokerage | Rs 15 per executed order | Rs 18 per executed order |
Currency Futures Trading Brokerage | Rs 15 per executed order | Rs 18 per executed order |
Currency Options Trading Brokerage | Rs 15 per executed order | Rs 18 per executed order |
Commodity Futures Trading Brokerage | 0.03% | Rs 18 per executed order |
Commodity Options Trading Brokerage | 0.03% | Rs 18 per executed order |
Enquire Indiabulls | Enquire Bonanza |
Minimum Brokerage Charges | Rs 0 (Unlimited Plan), Rs 15 (Per Trade Plan) | Intraday - .0001% and Delivery - .005% |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 0 (Free) | Rs 25 per trade |
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 | |
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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%) | |
Enquire Indiabulls | Enquire Bonanza |
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 | |
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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 | |
Enquire Indiabulls | Enquire Bonanza |
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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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 | ||
Enquire Indiabulls | Enquire Bonanza |
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 | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire Indiabulls | Enquire Bonanza |
Indiabulls | Bonanza | |
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Cons |
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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 |
Enquire Indiabulls | Enquire Bonanza |
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