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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, exposure margin, demat account. Read Bonanza and Motilal Oswal review.

Find out Motilal Oswal Vs Bonanza which is better and Motilal Oswal Vs Bonanza which is best.

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

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Motilal Oswal Vs Bonanza

  Motilal Oswal Bonanza
Find more info about broker
Motilal Oswal Securities Ltd Logo Bonanza Portfolio Ltd Logo
About the Broker 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 Fun... Know more about Motilal Oswal 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 BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Default Plan Default Plan
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.
Year of Incorporation 1987 1994
Number of Branches 305 1784
Enquire Motilal Oswal Enquire Bonanza
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Motilal Oswal Vs Bonanza Charges

  Motilal Oswal Bonanza
Trading Account Opening Fees ₹0 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Nil
Demat Account AMC Free (₹400 2nd year onward) ₹250
Demat Account is Mandatory? No No
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Motilal Oswal Vs Bonanza Brokerage

Brokerage Plan 1

  Motilal Oswal Bonanza
Account Type Default Plan Default Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.10%
Equity Intraday Brokerage 0.05% (both side) 0.005%
Equity Futures Brokerage 0.05% (both side) 0.005%
Equity Options Brokerage ₹100 per lot (both side) ₹15 per Lot
Currency Futures Trading Brokerage ₹20 per lot (both side) 0.0025%
Currency Options Trading Brokerage ₹20 per lot (both side) ₹5 per lot
Commodity Futures Trading Brokerage 0.05% (both side) 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Motilal Oswal Bonanza
Account Type Value Pack (VP2KLT) Plan 1000
Fixed Charges ₹2000 (one time fee)
Equity Delivery Brokerage 0.40% 0.1%
Equity Intraday Brokerage 0.04% (both side) 0.005%
Equity Futures Brokerage 0.04% (both side) 0.005%
Equity Options Brokerage ₹50 per lot (both side) ₹15 per lot
Currency Futures Trading Brokerage ₹22 per lot (both side) .0025%
Currency Options Trading Brokerage ₹22 per lot (both side) ₹5 per lot
Commodity Futures Trading Brokerage 0.04% (both side) 0.004%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Motilal Oswal Bonanza
Account Type Value Pack (VP1LACLT) Plan 7500
Fixed Charges ₹1,00,000 (one time fee)
Equity Delivery Brokerage 0.10% 0.025%
Equity Intraday Brokerage 0.01% (both side) 0.00312%
Equity Futures Brokerage 0.01% (both side) 0.00312%
Equity Options Brokerage ₹20 per lot (both side) ₹10 per lot
Currency Futures Trading Brokerage ₹10 per lot (both side) 0.0015%
Currency Options Trading Brokerage ₹10 per lot (both side) ₹4 per lot
Commodity Futures Trading Brokerage 0.01% (both side) 0.00208%
Commodity Options Trading Brokerage

Other Charges

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 Taxes

  Motilal Oswal Bonanza
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Motilal Oswal Vs Bonanza Transaction Charges

  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 Exposure Margin

  Motilal Oswal Bonanza
Equity Delivery 4 times Upto 10x + Interest
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks Upto 10x
Equity Futures Intraday: 3 times | Carry forward position: no exposure Upto 3x
Equity Options No exposure Upto 2x for shorting
Currency Futures NA Upto 2x
Currency Options NA Upto 2x for shorting
Commodity Futures Intraday: 3 times | Carry forward position: no exposure Upto 3x
Commodity Options
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Motilal Oswal and Bonanza Feature Comparison

  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 Bonanza
  84 Customer Reviews    Rate Motilal Oswal 6 Customer Reviews    Rate Bonanza
Fees Ratings 2.9 3.2
Trading Brokerage Rating 2.5 3.0
Trading Platform Usability 3.1 3.2
Customer Service Ratings 2.8 3.5
Overall Ratings Rated 2.6 stars Rated 3.3 stars
Broker Rating Motilal Oswal is Rated 2.6 / 5 based on 84 customer reviews Bonanza is Rated 3.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Bonanza Enquire
Contact Broker
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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 Customer Service

  Motilal Oswal Bonanza
24/7 Customer Service Yes No
Onine Live Chat No Yes
Through Branches Yes Yes
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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 - Advantages and Disadvantages

  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.

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
  • 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.

More Disadvantages...

  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.

More Disadvantages...

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

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Bonanza Vs 5paisa
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Bonanza Vs Aditya Birla Money
Bonanza Vs SAMCO
Bonanza Vs TradingBells
Bonanza Vs IDBI Capital
Bonanza Vs TradeSmart
Bonanza Vs SAS Online
Bonanza Vs iTradeOnline
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Bonanza Vs Tradejini
Bonanza Vs Alice Blue
Bonanza Vs Wisdom Capital
Bonanza Vs Fyers
Bonanza Vs Finvasia
Bonanza Vs ProStocks
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