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Religare Vs Bonanza (Compare Religare and Bonanza)

The side-by-side comparison of Religare and Bonanza. Compare Religare Vs Bonanza brokerage, charges, exposure margin, demat account. Read Bonanza and Religare review.

Find out Religare Vs Bonanza which is better and Religare Vs Bonanza which is best.

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

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Religare Vs Bonanza

  Religare Bonanza Portfolio Ltd
 
Religare Logo Bonanza Portfolio Ltd Logo
About the Broker Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant s... Know more about Religare 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 My Saver Online Plan Default Plan
Broker Enquiry Open an Online Trading Account with Religare. 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 1994
Number of Branches 1500
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Religare Vs Bonanza Charges

  Religare Bonanza Portfolio Ltd
Trading Account Opening Fees ₹500 Nil
Trading Account AMC Nil Nil
Demat Account Opening Fees Nil Nil
Demat Account AMC ₹400 from second year onward Rs 250
Demat Account is Mandatory? No No
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Religare Vs Bonanza Brokerage

Brokerage Plan 1

  Religare Bonanza Portfolio Ltd
Account Type My Saver Online Plan Default Plan
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% 0.10%
Equity Intraday Brokerage 0.050% to 0.010% 0.005%
Equity Futures Brokerage 0.05% 0.005%
Equity Options Brokerage ₹70 per lot Rs 15 per Lot
Currency Futures Trading Brokerage 0.05% 0.0025%
Currency Options Trading Brokerage ₹30 per lot Rs 5 per lot
Commodity Futures Trading Brokerage 0.05% 0.004%
Commodity Options Trading Brokerage ₹30 per lot

Brokerage Plan 2

  Religare Bonanza Portfolio Ltd
Account Type My Saver Online Plan Plan 1000
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% 0.1%
Equity Intraday Brokerage 0.050% to 0.010% 0.005%
Equity Futures Brokerage 0.05% 0.005%
Equity Options Brokerage ₹70 per lot 15 per lot
Currency Futures Trading Brokerage 0.05% .0025%
Currency Options Trading Brokerage ₹30 per lot 5 per lot
Commodity Futures Trading Brokerage 0.05% 0.004%
Commodity Options Trading Brokerage ₹30 per lot

Brokerage Plan 3

  Religare Bonanza Portfolio Ltd
Account Type My Saver Online Plan Plan 7500
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% 0.025%
Equity Intraday Brokerage 0.050% to 0.010% 0.00312%
Equity Futures Brokerage 0.05% 0.00312%
Equity Options Brokerage ₹70 per lot 10 per lot
Currency Futures Trading Brokerage 0.05% 0.0015%
Currency Options Trading Brokerage ₹30 per lot 4 per lot
Commodity Futures Trading Brokerage 0.05% 0.00208%
Commodity Options Trading Brokerage ₹30 per lot

Other Charges

Minimum Brokerage Charges 1p per share Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹10 per executed order (max Rs 50 per day) Rs 25 per trade
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Religare Vs Bonanza Taxes

  Religare 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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Religare Vs Bonanza Transaction Charges

  Religare Bonanza Portfolio Ltd
Equity Delivery 0.0037% NSE ₹325 | BSE ₹275
Equity Intraday 0.0037% NSE ₹325 | BSE ₹275
Equity Futures 0.004% NSE ₹215 | BSE ₹75
Equity Options 0.06% on Premium NSE ₹5750 | BSE ₹3250
Currency Futures 0.004% NSE ₹135 | BSE ₹29
Currency Options 0.06% on Premium NSE ₹4750 | BSE ₹754
Commodity 0.0035% MCX - Non Agri ₹235 | MCX - Agri ₹100
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Religare Vs Bonanza Exposure Margin

  Religare Bonanza Portfolio Ltd
Equity Delivery Upto 4x with 24% interest per year Upto 10x + Interest
Equity Intraday Upto 10x Upto 10x
Equity Futures Upto 3x Upto 3x
Equity Options Upto 3x for shorting Upto 2x for shorting
Currency Futures Upto 2x Upto 2x
Currency Options 2x for shorting Upto 2x for shorting
Commodity Futures Upto 3x Upto 3x
Commodity Options
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Religare and Bonanza Feature Comparison

  Religare Bonanza Portfolio Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, Web, Dynami Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:15
Other Features Mutual Fund, EMI Calculator
Referral Program
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Religare Vs Bonanza Review

  Religare Bonanza Portfolio Ltd
  71 Customer Reviews    Rate Religare 5 Customer Reviews    Rate Bonanza
Fees Ratings 3.2 2.8
Trading Brokerage Rating 3.1 3.0
Trading Platform Usability 3.0 3.2
Customer Service Ratings 3.0 3.4
Overall Ratings Rated 2.9 stars Rated 3.2 stars
Broker Rating Religare is Rated 2.9 / 5 based on 71 customer reviews Bonanza is Rated 3.2 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  Religare Bonanza Portfolio Ltd
Contact / Request Call Back
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Religare Vs Bonanza Investment Options

  Religare 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 Insurance
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Religare Vs Bonanza Customer Service

  Religare Bonanza Portfolio Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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Religare Vs Bonanza Order Type Offered

  Religare Bonanza Portfolio Ltd
Bracket Order No No
Cover Order No 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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Religare Vs Bonanza Research Report

  Religare 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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Religare Vs Bonanza Suitable For Investor Type

  Religare Bonanza Portfolio Ltd
Casual Investor
Active Investor Yes
Trader Yes
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Religare Vs Bonanza - Advantages and Disadvantages

  Religare Bonanza Portfolio Ltd
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.

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
  • EXE Based trading terminal are available for Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).

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

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

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

AMC are waived off for the 1st year

Enquire about Religare Enquire about Bonanza
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