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Kotak Securities Vs Bonanza Share Broker Comparison

The side-by-side comparison of Kotak Securities Ltd and Bonanza Portfolio Ltd stock brokers in India. The comparison below highlights the similarities and differences between Kotak Securities and Bonanza's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Kotak Securities and 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 What is this parameter? Full Service Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type What is this parameter? 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.
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Stock Broker Fees / Charges

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

Brokerage Plan 1

  Kotak Securities Ltd Bonanza Portfolio Ltd
Account Type Fixed Brokerage Plan Default Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.49% 0.10%
Equity Intraday Brokerage What is this parameter? 0.049% (both side) 0.01%
Equity Futures Brokerage What is this parameter? 0.049% (both side) 0.01%
Equity Options Brokerage What is this parameter? ₹300 per lot Rs 20 per Lot
Currency Futures Trading Brokerage What is this parameter? 0.006%
Currency Options Trading Brokerage What is this parameter? Rs 10
Commodity Futures Trading Brokerage What is this parameter? 0.070% 0.006%
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

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

Brokerage Plan 3

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

Other Charges

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

  Kotak Securities Ltd Bonanza Portfolio Ltd
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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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Transaction Charges

  Kotak Securities Ltd Bonanza Portfolio Ltd
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? NSE ₹215 | BSE ₹75
Equity Options What is this parameter? NSE ₹5750 | BSE ₹3250
Currency Futures What is this parameter? NSE ₹135 | BSE ₹29
Currency Options What is this parameter? NSE ₹4750 | BSE ₹754
Commodity What is this parameter? MCX - Non Agri ₹235 | MCX - Agri ₹100
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Exposure

  Kotak Securities Ltd Bonanza Portfolio Ltd
Equity Delivery What is this parameter? 1x (no margin)
Equity Intraday What is this parameter? 50 times
Equity Futures What is this parameter? 12 to 15 times
Equity Options What is this parameter? Selling: 200 times | Buying: 10 times
Currency Futures What is this parameter? NA
Currency Options What is this parameter? NA
Commodity What is this parameter? NA
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Share Broker Features

  Kotak Securities Ltd Bonanza Portfolio Ltd
3 in 1 Account What is this parameter? Yes No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? No Yes
Margin Against Shares (Equity Cash) What is this parameter? Yes
Margin Against Shares (Equity F&O) What is this parameter? No
Trading Platform What is this parameter? Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite Omnesys NEST Trader
Intraday Square-off Time What is this parameter? 3:15
Other Features What is this parameter? 3-in-1 account
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Broker Ratings (Average User Rating)

  Kotak Securities Ltd Bonanza Portfolio Ltd
  133 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 133 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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Investment Options Available

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

  Kotak Securities Ltd Bonanza Portfolio Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? Yes Yes
Through Branches What is this parameter? Yes Yes
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Order Type

  Kotak Securities Ltd Bonanza Portfolio Ltd
Bracket Order What is this parameter? Yes
Cover Order What is this parameter? Yes
Buy Today Sell Tomorrow (BTST) What is this parameter? Yes
Sell Today Buy Tomorrow (STBT) What is this parameter? No
After Market Order(AMO) What is this parameter? Yes
Good Till Cancelled (GTC) What is this parameter? Yes
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Research / Tips / Reports Published

  Kotak Securities Ltd Bonanza Portfolio Ltd
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Suitable for Investor Category

  Kotak Securities Ltd Bonanza Portfolio Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Kotak Securities Ltd Bonanza Portfolio Ltd
Pros What is this parameter?
  • 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 What is this parameter?
  • 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 What is this parameter?
Promo / Offers What is this parameter?

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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