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Kotak Securities Vs Bonanza (Compare Kotak Securities and Bonanza)

The side-by-side comparison of Kotak Securities and Bonanza. Compare Kotak Securities Vs Bonanza brokerage, charges, exposure margin, demat account. Read Bonanza and Kotak Securities review.

Find out Kotak Securities Vs Bonanza which is better and Kotak Securities Vs Bonanza which is best.

Our Kotak Securities Ltd comparison with Bonanza Portfolio Ltd highlights the major differences between two brokers. Find the best between Kotak Securities and Bonanza.

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Kotak Securities Vs Bonanza

  Kotak Securities Ltd Bonanza Portfolio Ltd
 
Kotak Securities Ltd Logo Bonanza Portfolio Ltd Logo
About the Broker Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers services to 11.95 Lakh cu... Know more about Kotak Securities Ltd 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... Know more about Bonanza Portfolio Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Fixed Brokerage Plan Default Plan
Broker Enquiry Open an Online Trading Account with Kotak Securities. 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.
Year of Incorporation 1994 1994
Number of Branches 1209 1784
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Kotak Securities Vs Bonanza Charges

  Kotak Securities Ltd Bonanza Portfolio Ltd
Trading Account Opening Fees ₹750 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Nil
Demat Account AMC ₹600 Rs 250
Demat Account is Mandatory? No No
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Kotak Securities Vs Bonanza Brokerage

Brokerage Plan 1

  Kotak Securities Ltd Bonanza Portfolio Ltd
Account Type Fixed Brokerage Plan Default Plan
Fixed Charges
Equity Delivery Brokerage 0.49% 0.10%
Equity Intraday Brokerage 0.049% (both side) 0.005%
Equity Futures Brokerage 0.049% (both side) 0.005%
Equity Options Brokerage ₹300 per lot Rs 15 per Lot
Currency Futures Trading Brokerage 0.0025%
Currency Options Trading Brokerage Rs 5 per lot
Commodity Futures Trading Brokerage 0.070% 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Kotak Securities Ltd Bonanza Portfolio Ltd
Account Type Dynamic Brokerage Plan Plan 1000
Fixed Charges
Equity Delivery Brokerage 0.59% to 0.30% 0.1%
Equity Intraday Brokerage 0.06% to 0.05% 0.005%
Equity Futures Brokerage 0.07% to 0.05% 0.005%
Equity Options Brokerage 2.5% to 1.8% 15 per lot
Currency Futures Trading Brokerage 0.04% or Rs 20 per lot .0025%
Currency Options Trading Brokerage Rs 20 to Rs 7.5 per lot 5 per lot
Commodity Futures Trading Brokerage 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Kotak Securities Ltd Bonanza Portfolio Ltd
Account Type Fixed Brokerage Plan Plan 7500
Fixed Charges
Equity Delivery Brokerage 0.49% 0.025%
Equity Intraday Brokerage 0.049% (both side) 0.00312%
Equity Futures Brokerage 0.049% (both side) 0.00312%
Equity Options Brokerage ₹300 per lot 10 per lot
Currency Futures Trading Brokerage 0.0015%
Currency Options Trading Brokerage 4 per lot
Commodity Futures Trading Brokerage 0.070% 0.00208%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹21 per executed order Intraday - .0001% and Delivery - .005%
Other Brokerage Charges SMS Alerts at ₹50 per month
Call & Trade Charges ₹20 per call after first 20 free calls in a month Rs 25 per trade
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Kotak Securities Vs Bonanza Taxes

  Kotak Securities Ltd Bonanza Portfolio Ltd
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)
  • 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 Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Kotak Securities Vs Bonanza Transaction Charges

  Kotak Securities Ltd Bonanza Portfolio Ltd
Equity Delivery 0.1% (Buy and Sell) NSE ₹325 | BSE ₹275
Equity Intraday 0.025% (on Sell trade) NSE ₹325 | BSE ₹275
Equity Futures 0.01% (on Sell trade) NSE ₹215 | BSE ₹75
Equity Options 0.05% (on Sell trade premium) or 0.125% (on options) NSE ₹5750 | BSE ₹3250
Currency Futures NA NSE ₹135 | BSE ₹29
Currency Options NA NSE ₹4750 | BSE ₹754
Commodity 0.01% on sell side MCX - Non Agri ₹235 | MCX - Agri ₹100
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Kotak Securities Vs Bonanza Exposure Margin

  Kotak Securities Ltd Bonanza Portfolio Ltd
Equity Delivery 1x (no margin) Upto 10x + Interest
Equity Intraday 50 times Upto 10x
Equity Futures 12 to 15 times Upto 3x
Equity Options Selling: 200 times | Buying: 10 times Upto 2x for shorting
Currency Futures NA Upto 2x
Currency Options NA Upto 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options
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Kotak Securities and Bonanza Feature Comparison

  Kotak Securities Ltd Bonanza Portfolio Ltd
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:15
Other Features 3-in-1 account
Referral Program
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Kotak Securities Vs Bonanza Review

  Kotak Securities Ltd Bonanza Portfolio Ltd
  135 Customer Reviews    Rate Kotak Securities 5 Customer Reviews    Rate Bonanza
Fees Ratings 2.5 2.8
Trading Brokerage Rating 2.4 3.0
Trading Platform Usability 3.4 3.2
Customer Service Ratings 3.0 3.4
Overall Ratings Rated 2.6 stars Rated 3.2 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 135 customer reviews Bonanza is Rated 3.2 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Ltd Bonanza Portfolio Ltd
Contact / Request Call Back
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Kotak Securities Vs Bonanza Investment Options

  Kotak Securities Ltd Bonanza Portfolio Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt No No
Other Investment Options Insurance
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Kotak Securities Vs Bonanza Customer Service

  Kotak Securities Ltd Bonanza Portfolio Ltd
24/7 Customer Service No No
Onine Live Chat Yes Yes
Through Branches Yes Yes
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Kotak Securities Vs Bonanza Order Type Offered

  Kotak Securities Ltd Bonanza Portfolio Ltd
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Kotak Securities Vs Bonanza Research Report

  Kotak Securities Ltd Bonanza Portfolio Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Kotak Securities Vs Bonanza Suitable For Investor Type

  Kotak Securities Ltd Bonanza Portfolio Ltd
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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Kotak Securities Vs Bonanza - Advantages and Disadvantages

  Kotak Securities Ltd Bonanza Portfolio Ltd
Pros
  • Offers 3-in-1 Account (trinity account).
  • Kotak Security is a full services broker offering wide range of investment options and research reports.
  • Kotak Securities has extended network of 1400+ branches across India.
  • It offers 3-in-1 account, the combination of broker account, bank account and a demat account. All these accounts are linked together and work seamlessly to make stock market investment very easy especially for beginners in stock market.
  • Kotak offers 5 different trading platforms to fulfill almost all customer requirements.

More Advantages...

  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

More Advantages...

Cons
  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.

More Disadvantages...

  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.

More Disadvantages...

Reviews
Promo / Offers

Kotak 3-in-1 Account

Kotak Mahendra Bank offers trinity account, a 3-in-1 account which is a combination of saving bank, trading and demat account. It offers convenient investment in Equity, Derivatives, Mutual Funds, IPO and ETF.

Looking for an online trading account? Request Callback from a stock broker.

AMC are waived off for the 1st year

Enquire about Kotak Securities Enquire about Bonanza
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