Kotak Securities Vs Bonanza (Compare Kotak Securities and Bonanza)


Kotak Securities
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 customers. They corporate members with the Bombay Stock Exchange and the National Stock Exchange. They are also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). Kotak securitie... Know more about Kotak Securities Ltd


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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Kotak Securities Vs Bonanza

Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 1209 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.

  Kotak Securities Bonanza
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, NFO, CDS
Year of Incorporation 1994 1994
Number of Branches 1209 1784
Open an Online Trading Account with Kotak Securities.Open an Online Trading Account with Bonanza.
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Kotak Securities Vs Bonanza Charges & AMC

Kotak Securities trading account opening charges is Rs 750 while Bonanza account opening changes is Rs 999. Kotak Securities Demat Account AMC Charges is Rs 600 and Bonanza Demat Account AMC Charges is Nil.

  Kotak Securities Bonanza
Trading Account Opening Charges Rs 750 Rs 999
Trading Account AMC Charges Rs 0 Nil
Demat Account Opening Charges Rs 0 Nil
Demat Account AMC Charges Rs 600 Nil
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Kotak Securities Vs Bonanza Brokerage Charges & Plans

Kotak Securities Vs Bonanza Brokerage

Kotak Securities brokerage charges for equity is 0.49% and intraday is 0.049% (both side) whereas Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order.

  Kotak Securities Bonanza
Account Type Fixed Brokerage Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery 0.49% Rs 18 per executed order
Equity Intraday 0.049% (both side) Rs 18 per executed order
Equity Futures 0.049% (both side) Rs 18 per executed order
Equity Options Rs 300 per lot Rs 18 per executed order
Currency Futures Rs 18 per executed order
Currency Options Rs 18 per executed order
Commodity Futures 0.070% Rs 18 per executed order
Commodity Options Rs 18 per executed order
Special Offer
Special Offer: Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.

Kotak Securities Vs Bonanza Brokerage Plan 2

  Kotak Securities Bonanza
Account Type Dynamic Brokerage Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery 0.59% to 0.30% Rs 18 per executed order
Equity Intraday 0.06% to 0.05% Rs 18 per executed order
Equity Futures 0.07% to 0.05% Rs 18 per executed order
Equity Options 2.5% to 1.8% Rs 18 per executed order
Currency Futures 0.04% or Rs 20 per lot Rs 18 per executed order
Currency Options Rs 20 to Rs 7.5 per lot Rs 18 per executed order
Commodity Futures Rs 18 per executed order
Commodity Options Rs 18 per executed order
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Kotak Securities Charges Vs Bonanza

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

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while Bonanza exchange transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium).

  Kotak Securities Bonanza
Equity Delivery NSE: 0.00325%, BSE: 0.00325% NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Intraday NSE: 0.00325%, BSE: 0.00325% NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Futures NSE: 0.0019% NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side)
Equity Options NSE: 0.05% on Premium NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium)
Currency Futures NSE: 0.0009%, BSE: 0.00022% NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)
Currency Options NSE: 0.035%, BSE: 0.001% NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)
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Kotak Securities Vs Bonanza Leverage (Margin)

Kotak Securities 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.

  Kotak Securities 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 Kotak Securities and Bonanza Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

  Kotak Securities Bonanza
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 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 is rated 2.4 of 5 based on 170 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Kotak Securities Bonanza
  170 Customer Reviews    Rate Kotak Securities 7 Customer Reviews    Rate Bonanza
Fees 2.4 3.4
Brokerage 2.3 3.3
Trading Platform 3.3 3.1
Customer Service 2.8 3.7
Research Capabilities 2.6 5.0
Overall Ratings Rated 2.4 stars Rated 3.6 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 170 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Enquire Bonanza Enquire
Contact Broker Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.
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Kotak Securities Vs Bonanza Investment Options

  Kotak Securities Bonanza
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 Order Type Offered

  Kotak Securities Bonanza
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 Bonanza
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 Bonanza
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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Kotak Securities Vs Bonanza - Pros and Cons

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

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

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