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Religare Vs Bonanza (Compare Religare and Bonanza)


Religare Logo

Religare
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 services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme... Know more about Religare


Bonanza Portfolio Ltd Logo

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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Religare Vs Bonanza

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 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.

  Religare Bonanza
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NFO, CDS
Year of Incorporation 1994 1994
Number of Branches 1500 1784
Open an Online Trading Account with Religare.Open an Online Trading Account with Bonanza.
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Religare Vs Bonanza Charges & AMC

Religare trading account opening charges is Rs 500 while Bonanza account opening changes is Rs 999. Religare Demat Account AMC Charges is Rs 400 from second year onward and Bonanza Demat Account AMC Charges is Nil.

  Religare Bonanza
Trading Account Opening Charges Rs 500 Rs 999
Trading Account AMC Charges Nil Nil
Demat Account Opening Charges Nil Nil
Demat Account AMC Charges Rs 400 from second year onward Nil
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Religare Vs Bonanza Brokerage Charges & Plans

Religare Vs Bonanza Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order.

  Religare Bonanza
Account Type My Saver Online Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery 0.50% to 0.10% Rs 18 per executed order
Equity Intraday 0.050% to 0.010% Rs 18 per executed order
Equity Futures 0.05% Rs 18 per executed order
Equity Options Rs 70 per lot Rs 18 per executed order
Currency Futures 0.05% Rs 18 per executed order
Currency Options Rs 30 per lot Rs 18 per executed order
Commodity Futures 0.05% Rs 18 per executed order
Commodity Options Rs 30 per lot Rs 18 per executed order
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs Bonanza

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

Religare transaction charges for options is 0.06% on Premium while Bonanza exchange transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium).

  Religare Bonanza
Equity Delivery 0.0037% NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Intraday 0.0037% NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Futures 0.004% NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side)
Equity Options 0.06% on Premium NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium)
Currency Futures 0.004% NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%)
Currency Options 0.06% on Premium NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium)
Commodity 0.0035% MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%)
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Religare Vs Bonanza Leverage (Margin)

Religare margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Bonanza margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Religare Bonanza
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Religare and Bonanza Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

  Religare Bonanza
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 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 is rated 2.9 of 5 based on 77 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Religare Bonanza
  77 Customer Reviews    Rate Religare 7 Customer Reviews    Rate Bonanza
Fees 3.2 3.4
Brokerage 3.1 3.3
Trading Platform 3.0 3.1
Customer Service 2.9 3.7
Research Capabilities 3.2 5.0
Overall Ratings Rated 2.9 stars Rated 3.6 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Bonanza Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
Leave your contact information and we will get in touch with you....
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Religare Vs Bonanza Investment Options

  Religare Bonanza
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 Order Type Offered

  Religare Bonanza
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
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
Casual Investor
Active Investor Yes
Trader Yes
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Religare Vs Bonanza - Pros and Cons

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

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