Religare Vs Bonanza (Compare Religare and Bonanza)

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


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
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
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type My Saver Online Plan Flat Brokerage Plan
Year of Incorporation 1994 1994
Number of Branches 1500 1784
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.
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Religare Vs Bonanza Charges & AMC

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

  Religare Bonanza
Trading Account Opening Charges ₹500 ₹999
Trading Account AMC Charges Nil Nil
Demat Account Opening Charges Nil Nil
Demat Account AMC Charges ₹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 ₹18 per executed order and intraday is ₹18 per executed order.

  Religare Bonanza
Account Type My Saver Online Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹18 per executed order
Equity Intraday Brokerage 0.050% to 0.010% ₹18 per executed order
Equity Futures Brokerage 0.05% ₹18 per executed order
Equity Options Brokerage ₹70 per lot ₹18 per executed order
Currency Futures Trading Brokerage 0.05% ₹18 per executed order
Currency Options Trading Brokerage ₹30 per lot ₹18 per executed order
Commodity Futures Trading Brokerage 0.05% ₹18 per executed order
Commodity Options Trading Brokerage ₹30 per lot ₹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 Charges 1p per share Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹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 ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium).

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

Religare provides the margin of Upto 10x for intraday trades whereas the Bonanza margin for intraday cash is Upto 10x.

  Religare Bonanza
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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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 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 is rated 2.9 of 5 based on 76 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Religare Bonanza
  76 Customer Reviews    Rate Religare 7 Customer Reviews    Rate Bonanza
Fees 3.2 3.4
Trading Brokerage 3.1 3.3
Trading Platform Usability 3.0 3.1
Customer Service 2.9 3.7
Research Capabilities 3.3 5.0
Overall Ratings Rated 2.9 stars Rated 3.6 stars
Broker Rating Religare is rated 2.9 of 5 based on 76 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
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 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 ₹999 per annum.
  • Call and Trade is charged at ₹10 per executed order (maximum ₹50 per day in a segment).
  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

Free Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get ₹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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