Sharekhan Vs Bonanza (Compare Sharekhan and Bonanza)

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


Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa... Know more about Sharekhan


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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Sharekhan Vs Bonanza

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 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.

  Sharekhan Bonanza
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NFO, CDS
Account Type Classic Account Default Plan
Year of Incorporation 2000 1994
Number of Branches 2800 1784
Broker Enquiry Open an Online Trading Account with Sharekhan. 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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Sharekhan Vs Bonanza Charges & AMC

Sharekhan trading account opening charges is ₹0 (Free) while Bonanza account opening changes is Nil. Sharekhan Demat Account AMC Charges is ₹400 (Free for 1st year) and Bonanza Demat Account AMC Charges is ₹250.

  Sharekhan Bonanza
Trading Account Opening Charges ₹0 (Free) Nil
Trading Account AMC Charges ₹0 (Free) Nil
Demat Account Opening Charges ₹0 (Free) Nil
Demat Account AMC Charges ₹400 (Free for 1st year) ₹250
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Sharekhan Vs Bonanza Brokerage Charges & Plans

Sharekhan Vs Bonanza Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas Bonanza brokerage charges for equity is 0.10% and intraday is 0.005%.

  Sharekhan Bonanza
Account Type Classic Account Default Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.10%
Equity Intraday Brokerage 0.10% 0.005%
Equity Futures Brokerage 0.10% 0.005%
Equity Options Brokerage ₹50 per lot ₹15 per Lot
Currency Futures Trading Brokerage 0.10% 0.0025%
Currency Options Trading Brokerage ₹30 per lot ₹5 per lot
Commodity Futures Trading Brokerage 0.03% 0.004%
Commodity Options Trading Brokerage 0.03%
Special Offer
Special Offer: Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.

Sharekhan Vs Bonanza Brokerage Plan 2

  Sharekhan Bonanza
Account Type Prepaid - ₹1 Lakh Plan 1000
Fixed Charges ₹1,00,000 per year
Equity Delivery Brokerage 0.10% 0.1%
Equity Intraday Brokerage 0.015% 0.005%
Equity Futures Brokerage 0.015% 0.005%
Equity Options Brokerage 0.05% or ₹63 per lot ₹15 per lot
Currency Futures Trading Brokerage .0025%
Currency Options Trading Brokerage ₹5 per lot
Commodity Futures Trading Brokerage 0.004%
Commodity Options Trading Brokerage
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Sharekhan Vs Bonanza Brokerage Plan 3

  Sharekhan Bonanza
Account Type Margin - ₹1 Lakh Plan 7500
Fixed Charges ₹1,00,000 margin
Equity Delivery Brokerage 0.25% 0.025%
Equity Intraday Brokerage 0.05% 0.00312%
Equity Futures Brokerage 0.05% 0.00312%
Equity Options Brokerage 1% or ₹70 per lot ₹10 per lot
Currency Futures Trading Brokerage 0.0015%
Currency Options Trading Brokerage ₹4 per lot
Commodity Futures Trading Brokerage 0.00208%
Commodity Options Trading Brokerage
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Sharekhan Charges Vs Bonanza

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share Intraday - .0001% and Delivery - .005%
Other Brokerage Charges
Call & Trade Charges Rs 20 ₹25 per trade
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Sharekhan Vs Bonanza Transaction Charges

Sharekhan transaction charges for options is NSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium) while Bonanza exchange transaction charges for options is NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium).

  Sharekhan Bonanza
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (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 ₹275 per Cr (0.00275%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹50 per Cr (0.00035) (each side) NSE ₹215 per Cr (0.00215%) | BSE ₹75 per Cr (0.00075%) (each side)
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium) NSE ₹5750 per Cr (0.0575%) | BSE ₹3250 per Cr (0.0325%) (on premium)
Currency Futures NSE ₹135 per Cr (0.00135%) | MCX ₹130 per Cr (0.00130%) NSE ₹135 per Cr (0.00135%) | BSE ₹29 per Cr (0.00029%)
Currency Options NSE ₹4220 per Cr (0.04220%) | MCX ₹3220 per Cr (0.03220%) (on premium) NSE ₹4750 per Cr (0.0475%) | BSE ₹754 per Cr (0.00754%) (on premium)
Commodity MCX (Non-Agri) ₹230 per Cr (0.0023%) | MCX (Agri) ₹95 per Cr (0.00095%) MCX - Non Agri ₹235 per Cr (0.00235%) | MCX - Agri ₹100 per Cr (0.001%)
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Sharekhan Vs Bonanza Leverage (Margin)

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

  Sharekhan Bonanza
Equity Delivery Upto 5x with 24% interest per year Upto 10x + Interest
Equity Intraday Upto 10x Upto 10x
Equity Futures 2x for Intraday Upto 3x
Equity Options Nil Upto 2x for shorting
Currency Futures Nil Upto 2x
Currency Options Nil Upto 2x for shorting
Commodity Futures Upto 2x for Intraday Upto 3x
Commodity Options
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Compare Sharekhan and Bonanza Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Bonanza offers Omnesys NEST Trader, My E Trade, My E Trade Mobile App trading software.

  Sharekhan 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 Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile Omnesys NEST Trader, My E Trade, My E Trade Mobile App
Intraday Square-off Time 3:30 PM 3:15
Other Features Pattern finder, Class room training
Referral Program
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Sharekhan Vs Bonanza Review

Sharekhan is rated 3.3 of 5 based on 288 customer reviews whereas Bonanza is rated 3.6 of 5 based on 7 customer reviews.

  Sharekhan Bonanza
  288 Customer Reviews    Rate Sharekhan 7 Customer Reviews    Rate Bonanza
Fees 3.1 3.4
Trading Brokerage 2.9 3.3
Trading Platform Usability 3.7 3.1
Customer Service 3.3 3.7
Research Capabilities 3.3 5.0
Overall Ratings Rated 3.3 stars Rated 3.6 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 288 customer reviews Bonanza is rated 3.6 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Enquire Bonanza Enquire
Contact Broker

Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.

Leave your contact information and we will get in touch with you....

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Sharekhan Vs Bonanza Investment Options

  Sharekhan 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 Loans, NRI Trading Insurance
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Sharekhan Vs Bonanza Order Type Offered

  Sharekhan Bonanza
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Sharekhan Vs Bonanza Research Report

  Sharekhan Bonanza
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Sharekhan Vs Bonanza Suitable For Investor Type

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

  Sharekhan Bonanza
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.
  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
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat account.
  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 (for limited time only)

Get FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

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

AMC are waived off for the 1st year

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