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Motilal Oswal Vs Bonanza Share Broker Comparison

The side-by-side comparison of Motilal Oswal Securities Ltd and Bonanza Portfolio Ltd stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal 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 Motilal Oswal and Bonanza.

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
 
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 Standard Account 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.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Trading Account Opening Fees ₹0 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Nil
Demat Account AMC ₹299 (1st year free) Rs 250
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Account Type Standard Account Default Plan
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.10%
Equity Intraday Brokerage 0.015% to 0.05% 0.005%
Equity Futures Brokerage 0.015% to 0.05% 0.005%
Equity Options Brokerage ₹25 to ₹100 per Lot Rs 15 per Lot
Currency Futures Trading Brokerage 0.05% 0.0025%
Currency Options Trading Brokerage ₹20 per Lot Rs 5 per lot
Commodity Futures Trading Brokerage 0.05% 0.004%
Commodity Options Trading Brokerage No

Brokerage Plan 2

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Account Type Standard Account Plan 1000
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.1%
Equity Intraday Brokerage 0.015% to 0.05% 0.005%
Equity Futures Brokerage 0.015% to 0.05% 0.005%
Equity Options Brokerage ₹25 to ₹100 per Lot 15 per lot
Currency Futures Trading Brokerage 0.05% .0025%
Currency Options Trading Brokerage ₹20 per Lot 5 per lot
Commodity Futures Trading Brokerage 0.05% 0.004%
Commodity Options Trading Brokerage No

Brokerage Plan 3

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Account Type Standard Account Plan 7500
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.025%
Equity Intraday Brokerage 0.015% to 0.05% 0.00312%
Equity Futures Brokerage 0.015% to 0.05% 0.00312%
Equity Options Brokerage ₹25 to ₹100 per Lot 10 per lot
Currency Futures Trading Brokerage 0.05% 0.0015%
Currency Options Trading Brokerage ₹20 per Lot 4 per lot
Commodity Futures Trading Brokerage 0.05% 0.00208%
Commodity Options Trading Brokerage No

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 Rs 25 per trade
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Taxes

  Motilal Oswal 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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Transaction Charges

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Equity Delivery NSE: 0.00335% | BSE: 0.01% NSE ₹325 | BSE ₹275
Equity Intraday NSE: 0.00325% | BSE: 0.002% NSE ₹325 | BSE ₹275
Equity Futures 0.002% NSE ₹215 | BSE ₹75
Equity Options NSE 0.0511% | BSE 0.002% (on premium) NSE ₹5750 | BSE ₹3250
Currency Futures 0.00125% NSE ₹135 | BSE ₹29
Currency Options 0.042% (on premium) NSE ₹4750 | BSE ₹754
Commodity MCX: 0.0025% MCX - Non Agri ₹235 | MCX - Agri ₹100
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Exposure

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
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 Intraday: 3 times | Carry forward position: no exposure Upto 3x
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Share Broker Features

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
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)
Margin Against Shares (Equity F&O)
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
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
  79 Customer Reviews    Rate Motilal Oswal 5 Customer Reviews    Rate Bonanza
Fees Ratings 2.9 2.8
Trading Brokerage Rating 2.5 3.0
Trading Platform Usability 3.1 3.2
Customer Service Ratings 2.8 3.4
Overall Ratings Rated 2.7 stars Rated 3.2 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews Bonanza is Rated 3.2 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal 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 Yes No
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives Insurance
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Customer Service Offered

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
24/7 Customer Service Yes No
Onine Live Chat No Yes
Through Branches Yes Yes
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Order Type

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Research / Tips / Reports Published

  Motilal Oswal 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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Suitable for Investor Category

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
Casual Investor
Active Investor Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Bonanza Portfolio Ltd
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.

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 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

Free (Trading & Demat Account) + Free Brokerage for 1st Month

Motilal Oswal offers FREE Trading + Demat Account (₹500 waived). You can also avail free brokerage for first month, 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 about Motilal Oswal Enquire about Bonanza
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