Motilal Oswal Vs Bonanza (Compare Motilal Oswal and Bonanza)

The side-by-side comparison of Motilal Oswal and Bonanza. Compare Motilal Oswal Vs Bonanza brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Motilal Oswal vs Bonanza?


Motilal Oswal
Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it... Know more about Motilal Oswal 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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Motilal Oswal Vs Bonanza

Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 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.

  Motilal Oswal Bonanza
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Default Plan Flat Brokerage Plan
Year of Incorporation 1987 1994
Number of Branches 305 1784
Broker Enquiry Open an Online Trading Account with Motilal Oswal. 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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Motilal Oswal Vs Bonanza Charges & AMC

Motilal Oswal trading account opening charges is ₹0 while Bonanza account opening changes is ₹999. Motilal Oswal Demat Account AMC Charges is Free (₹400 2nd year onward) and Bonanza Demat Account AMC Charges is Nil.

  Motilal Oswal Bonanza
Trading Account Opening Charges ₹0 ₹999
Trading Account AMC Charges ₹0 Nil
Demat Account Opening Charges ₹0 Nil
Demat Account AMC Charges Free (₹400 2nd year onward) Nil
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Motilal Oswal Vs Bonanza Brokerage Charges & Plans

Motilal Oswal Vs Bonanza Brokerage

Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas Bonanza brokerage charges for equity is ₹18 per executed order and intraday is ₹18 per executed order.

  Motilal Oswal Bonanza
Account Type Default Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹18 per executed order
Equity Intraday Brokerage 0.05% (both side) ₹18 per executed order
Equity Futures Brokerage 0.05% (both side) ₹18 per executed order
Equity Options Brokerage ₹100 per lot (both side) ₹18 per executed order
Currency Futures Trading Brokerage ₹20 per lot (both side) ₹18 per executed order
Currency Options Trading Brokerage ₹20 per lot (both side) ₹18 per executed order
Commodity Futures Trading Brokerage 0.05% (both side) ₹18 per executed order
Commodity Options Trading Brokerage ₹18 per executed order
Special Offer
Special Offer: Get Zero AMC for Lifetime (with ₹25k margin or ₹3k Value Pack) for limited time. Get the offer

Motilal Oswal Vs Bonanza Brokerage Plan 2

  Motilal Oswal Bonanza
Account Type Value Pack (VP2KLT) Flat Brokerage Plan
Fixed Charges ₹2000 (one time fee)
Equity Delivery Brokerage 0.40% ₹18 per executed order
Equity Intraday Brokerage 0.04% (both side) ₹18 per executed order
Equity Futures Brokerage 0.04% (both side) ₹18 per executed order
Equity Options Brokerage ₹50 per lot (both side) ₹18 per executed order
Currency Futures Trading Brokerage ₹22 per lot (both side) ₹18 per executed order
Currency Options Trading Brokerage ₹22 per lot (both side) ₹18 per executed order
Commodity Futures Trading Brokerage 0.04% (both side) ₹18 per executed order
Commodity Options Trading Brokerage ₹18 per executed order
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Motilal Oswal Vs Bonanza Brokerage Plan 3

  Motilal Oswal Bonanza
Account Type Value Pack (VP1LACLT) Flat Brokerage Plan
Fixed Charges ₹1,00,000 (one time fee)
Equity Delivery Brokerage 0.10% ₹18 per executed order
Equity Intraday Brokerage 0.01% (both side) ₹18 per executed order
Equity Futures Brokerage 0.01% (both side) ₹18 per executed order
Equity Options Brokerage ₹20 per lot (both side) ₹18 per executed order
Currency Futures Trading Brokerage ₹10 per lot (both side) ₹18 per executed order
Currency Options Trading Brokerage ₹10 per lot (both side) ₹18 per executed order
Commodity Futures Trading Brokerage 0.01% (both side) ₹18 per executed order
Commodity Options Trading Brokerage ₹18 per executed order
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Motilal Oswal Charges Vs Bonanza

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday Intraday - .0001% and Delivery - .005%
Other Brokerage Charges Minimum balance: ₹1,000
Call & Trade Charges Nil ₹25 per trade
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Motilal Oswal Vs Bonanza Transaction Charges

Motilal Oswal transaction charges for options is NSE ₹5110 per Cr (0.0511%) | BSE ₹200 per Cr (0.002%) (on premium) while Bonanza exchange transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium).

  Motilal Oswal Bonanza
Equity Delivery NSE ₹335 per Cr (0.00335%) | BSE ₹1000 per Cr (0.01%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹200 per Cr (0.002%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures ₹200 per Cr (0.002%) NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
Equity Options NSE ₹5110 per Cr (0.0511%) | BSE ₹200 per Cr (0.002%) (on premium) NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
Currency Futures ₹125 per Cr (0.00125%) NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
Currency Options ₹4200 per Cr (0.042%)(on premium) NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
Commodity MCX: ₹250 per Cr (0.0025%) MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
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Motilal Oswal Vs Bonanza Leverage (Margin)

Motilal Oswal provides the margin of 20x for Margin+ (Over 140 Stocks), 4x for other stocks for intraday trades whereas the Bonanza margin for intraday cash is Upto 10x.

  Motilal Oswal Bonanza
Equity Delivery 4x Upto 10x + Interest
Equity Intraday 20x for Margin+ (Over 140 Stocks), 4x for other stocks Upto 10x
Equity Futures Upto 3x for Intraday Upto 3x
Equity Options No exposure Upto 2x for shorting
Currency Futures NA Upto 2x
Currency Options No exposure Upto 2x for shorting
Commodity Futures Upto 3x for Intraday Upto 3x
Commodity Options No exposure
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Compare Motilal Oswal and Bonanza Features

The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

  Motilal Oswal Bonanza
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Orion Lite, MO Trader App Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:15
Other Features
Referral Program Yes
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Motilal Oswal Vs Bonanza Review

Motilal Oswal is rated 2.4 of 5 based on 102 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Motilal Oswal Bonanza
  102 Customer Reviews    Rate Motilal Oswal 7 Customer Reviews    Rate Bonanza
Fees 2.8 3.4
Trading Brokerage 2.3 3.3
Trading Platform Usability 2.9 3.1
Customer Service 2.6 3.7
Research Capabilities 2.1 5.0
Overall Ratings Rated 2.4 stars Rated 3.6 stars
Broker Rating Motilal Oswal is rated 2.4 of 5 based on 102 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Bonanza Enquire
Contact Broker

Get Zero AMC for Lifetime (with ₹25k margin or ₹3k Value Pack) for limited time. Get the offer

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Motilal Oswal Vs Bonanza Investment Options

  Motilal Oswal Bonanza
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 Yes No
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives Insurance
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Motilal Oswal Vs Bonanza Order Type Offered

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

  Motilal Oswal Bonanza
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Motilal Oswal Vs Bonanza Suitable For Investor Type

  Motilal Oswal Bonanza
Casual Investor
Active Investor Yes
Trader Yes Yes
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Motilal Oswal Vs Bonanza - Pros and Cons

  Motilal Oswal Bonanza
Pros
  • Over 8.5 Lakh customers. One of the largest stock broker in India with PAN India coverage across 1,900+ locations in over 500 cities.
  • Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
  • Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.
  • Value pack brokerage plans are available for frequent traders.
  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
  • Margin Deposit Rs 10,000+ is required
  • In order to use our Online Trading Platform, you will be required to have a demat account with Motilal Oswal. You cannot use your existing demat account.
  1. Call & trade is charged extra at the rate of ₹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

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (₹400 waived) with ₹25k margin or ₹3k prepaid value pack. Also avail ₹3k woth of discount vouchers, ₹1000 worth of Me-Gold, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

AMC are waived off for the 1st year

Enquire Motilal OswalEnquire Bonanza

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