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Indiabulls Vs Bonanza (Compare Indiabulls and Bonanza)

Indiabulls Ventures Limited Logo

About 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

Indiabulls Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
Bonanza Portfolio Ltd Logo

About 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

Bonanza Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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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
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
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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.

Account Type Indiabulls Equity Unlimited Trade Bonanza 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
Enquire IndiabullsEnquire Bonanza

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
Enquire IndiabullsEnquire Bonanza

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
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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%)
Enquire IndiabullsEnquire Bonanza
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Indiabulls Vs Bonanza Leverage (Margin)

Indiabulls margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Bonanza margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Indiabulls Bonanza
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Enquire IndiabullsEnquire Bonanza
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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 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
Enquire IndiabullsEnquire Bonanza
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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    Rate Indiabulls 7 Customer Reviews    Rate Bonanza
Fees 3.4 3.4
Brokerage 3.1 3.3
Trading Platform 3.7 3.1
Customer Service 3.0 3.7
Research Capabilities 2.4 5.0
Overall Ratings Rated 3.2 stars Rated 3.6 stars
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
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Contact Broker / Request A Call Back

  Indiabulls Enquire Bonanza Enquire
Contact Broker FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer
Leave your contact information and we will get in touch with you....
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Indiabulls Vs Bonanza Investment Options

  Indiabulls Bonanza
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
Enquire IndiabullsEnquire Bonanza
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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 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.
  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 Rs 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 (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 IndiabullsEnquire Bonanza

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