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Bonanza Stock Trading, Demat, Brokerage and Reviews 2022


3.37% 52,308 Clients

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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), National Commodity and Derivatives Exchange (NCDEX), NMCE and MCX-SX. It is also registered with Dubai Gold and Commodities Exchange (DGCX). The company acts as a DP of CDSL and NSDL.

Besides equity broking, Bonanza's services comprises of PMS, distribution of financial products like Mutual Funds, IPOs, insurance, FDs, demat services, institutional broking, e-trading, Investment banking and research services among others. The company also offers commodity trading services through its subsidiary named Bonanza Commodity Brokers Pvt Ltd which operates through MCX and NCDEX. In addition, the company enables customers to trade online and offline.

Bonanza is one of the largest distributors of mutual funds in India. Bonanza through its online portal provides regular news & updates on NFOs, forthcoming IPOs, MF gainers / losers, daily NAV's. It helps its clients with best research reports known in the market in comparative analysis of several mutual fund schemes. It offers transaction alerts via SMS and portfolio statements through auto mail facility. The company also allows investors to apply for mutual funds and IPOs through online investment platform.

Trade In: NSE, BSE, NSEFO, CURRENCY, MCX and NCDEX.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Bonanza Charges 2022

Account Opening Fees for Bonanza:

  • Trading Account Opening Charges (One Time): Rs 999
  • Trading Annual maintenance charges (AMC): Nil
  • Demat Account Opening Charges (One Time): Nil
  • Demat Account Annual Maintenance Charges (AMC): Nil

Bonanza turnover and other charges:

  • Equity Delivery: NSE: 0.00325%| BSE: 0.00275%| MCX-SX: 0.002%
  • Equity Intraday: NSE: 0.00325%)| BSE: 0.00275%| MCX-SX: 0.002%
  • Equity Future: NSE: 0.0019%| BSE: 0.0005%| MCX-SX: 0.0012%
  • Equity Options (on Premium): NSE: 0.05%| BSE: 0.025%| MCX-SX: 0.025%
  • Currency Future: NSE: 0.0011%| BSE: 0.00004%| MCX-SX: 0.00105%
  • Currency Options: NSE: 0.040%| BSE: 0.00004%| MCX-SX: 0.030%
  • Commodity: MCX-Non Agri: 0.0021%| MCX-Agri: 0.00075%| NCDEX (A): 0.0035%| NCDEX( B): 0.00125%
  • Call and Trade: Rs 25

Bonanza Portfolio Charges in Detail

Bonanza Portfolio ChargesEQUITY DeliveryEQUITY Intraday
STT0.01% on both Buy and Sell0.025% on the Sell Side
Transaction Charges0.00325%0.00275%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State 0.01% subject to a maximum of Rs 50 - Varies by State
Bonanza Portfolio ChargesFuturesOptions
STT0.01% on Sell Side0.017% on Sell Side(on Premium)
Transaction Charges0.0019%0.05% on premium
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
Bonanza Portfolio ChargesCurrency FuturesCurrency Options
STTNo STTNo STT
Transaction ChargesNSE: 0.0011%NSE: 0.040%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
Bonanza Portfolio ChargesCommodity
CTT0.01% only on the sell side
Transaction ChargesNon Agri: (0.0021%),MCX Agri: (0.00075%)
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge
SEBI Charges0.0001% (Rs 10/Crore)
Stamp Duty (Maharashtra)0.01% subject to a maximum of Rs 50 - Varies by State

Bonanza Portfolio Charge Structure Explanation:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at Rs 10 per Crore.
  • Transaction Charges: This is charged at Rs 325/crore for Equity, Rs 190/crore for Futures, Rs 5618/crore on premium for options.

Bonanza Depository Service Charges (NSDL & CDSL)

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening Rs 200
Annual Maintenance Charges - Paper Statement Rs 286 per anum
Annual Maintenance Charges - Email Statement Nil
Buy - Market and Off-Market Nil
Sell - Market and Off-Market - Internet Trading Rs 15
Sell - Market and Off-Market - Call Center Rs 12
Rejection / fails Nil
Extra charges for processing of TIFDs submitted late
(% of transaction value)
Instruction submitted through Internet (E-inst / IVR)
Nil
Instruction submitted through Call Centre Nil
Instruction submitted at Branches (accepted at Client's risk) Nil
Dematerialisation for each request form Nil
Dematerialisation for each extra certificate Rs 3
Rematerialisation Rs 15 per 100 securities or part thereof or Rs 15 per certificate.
Reconversion of MF units N/A
Closure of Account Nil
Pledge Creation / Closure / Confirmation/ Invocation Rs 35
Additional Account Statements Nil
NSDL/CDSL Annual Maintenance Fee for Corporate Account Rs 1000
NSDL/CDSL Sell - Market and Off-Market Rs 5.50 per debit instruction

Useful Articles:

Visit Bonanza Brokerage Charges Review for more detail.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


Bonanza Trading Software (Bonanza Trading Platforms)

Bonanza Portfolio offers web based, Installable as well as mobile platform to their clients. They are using OMNESYS NEST Trader as their primary desktop trading terminal. A customer can trade with Bonanza in following 3 ways:

  1. My E-trade [Installable Application]

    An installable application powered by 'Omnesys NEST Trader' can be downloaded and installed on your computer. This is a fully functional trading terminal allowing fast execution of orders with real time monitoring. This easy to use trading terminal is available to all its customer for free.

  2. HTML5 [web-based trading platform]

    A browser based trading website is powered by 'Omnesys NEST3'.

  3. Mobile Application (Bonanza My E-Trade)

    A smart phone application for Android and BlackBerry. This app allows customers to trade from their mobile phones on the move as well as access stock market news, currencies, commodities, quotes of NSE & BSE and many more updates instantly.

My E-trade

Bonanza Porfolio offers My E-Trade for Online Trading. My-E-Trade is a online trading product which allows investors and traders to use the most technically advanced channels of trading. It is very flexible application available as it allows the traders to trade in all segments. Users can not only trade using their hand held devices but they are also allowed to trade from any part of the world. To ensure that maximum Traders use My-E-Trade, Bonanza is offering the cheapest brokerage amongst the mainline brokers under monthly, quarterly and yearly plans with a fixed cost so trader can get all the features which mainline broker offers with discounted brokerage. Main features includes:

  • Trading facility in NSE, BSE, NSEFO, CURRENCY, MCX and NCDEX
  • Live streaming
  • Order reports, Trade reports
  • Demat Account Holding
  • Limit Statement
  • Charts
  • Latest market news and company results
  • Customized screen

 

Visit Bonanza Trading Software Review for more detail.

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Bonanza Pros and Cons


Bonanza Pros (Advantages)

The following are the advantages of Bonanza. You must read Bonanza advantages and disadvantages before opening an account with Bonanza. Bonanza pros and cons help you find if it suits your investment needs.

  1. They provide intraday reports and historical charting.
  2. Varity of fee structure to fulfill need of different type of investors.
  3. Bonanza offers 2 in 1 account which is Trading cum Demat account
  4. Bonanza offers services like online bidding for IPO and mutual funds

Bonanza Cons (Disadvantages)

The following are the cons of Bonanza. Check the list of Bonanza drawbacks.

  1. Bonanza charges Rs 25 for call and trade facility.
  2. Bonanza doesn't offer any Referral programmer.
  3. Bonanza not transparent in terms of brokerage, fees and other hidden charges.

Bonanza Margin Exposure

Bonanza margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Bonanza F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Bonanza F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Bonanza Ratings

Overall Rating Rated 3.6 stars 3.6/5
Fees Rated 3.4 stars 3.4/5
Brokerage Rated 3.3 stars 3.3/5
Usability Rated 3.1 stars 3.1/5
Customer Service Rated 3.7 stars 3.7/5
Research Capabilities Rated 5.0 stars 5.0/5

Based on 7 Votes by Bonanza Customers

Do you trade with Bonanza? Rate Bonanza


Bonanza Complaint

The number of Bonanza customer complaint received by the exchanges. The Bonanza consumer complaint report helps understanding the Bonanza Portfolio Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2022-23 51,504 21 0.04%
NSE 2021-22 50,601 15 0.03%
BSE 2021-22 16,739 2 0.01%
NSE 2020-21 44,287 20 0.05%
NSE 2019-20 36,178 11 0.03%
BSE 2019-20 16,262 2 0.01%
NSE 2018-19 37,193 14 0.04%
BSE 2018-19 16,157 3 0.02%
NSE 2017-18 46,035 24 0.05%
BSE 2017-18 25,430 10 0.04%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Bonanza Complaints at BSE, NSE and MCX for detail report.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


15 Comments

15. MANISH AGARWAL   I Like It. |Report Abuse|  Link|Dec 16, 2021 1:24:58 PMReply
1. Extensive educational programming for beginner investors
2. Well designed web platform and mobile applications
3. A range of trading platforms and investment selections for all types of investors
and traders
4. Multiple channels to contact customer service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
14. MANISH KUMAR AGARWAL   I Like It. |Report Abuse|  Link|Dec 16, 2021 1:19:27 PMReply
1. Extensive educational programming for beginner investors
2. Well designed web platform and mobile applications
3. A range of trading platforms and investment selections for all types of investors
and traders
4. Multiple channels to contact customer service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
13. Raju mukherjee   I Like It. |Report Abuse|  Link|Sep 24, 2021 2:40:07 AMReply
El374 been with them since 1998 they have poor reccomendation of stocks high F n O brokerage 2.5% they have hidden charges their mobile app does not support basic charts api. Overall average experience over the years
12. ZARAN SHAH   I Like It. |Report Abuse|  Link|Mar 5, 2020 3:26:26 PMReply
SUPERLIKE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
11. Mayank gupta   I Like It. |Report Abuse|  Link|Dec 12, 2019 2:33:02 AMReply
Very high and unreasonable brokerage fees.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
10. Raju   I Like It. |Report Abuse|  Link|Aug 9, 2019 5:21:49 PMReply
There is no flat charges on trading plus the app is very confusing

Ratings:

Brokerage - Average
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
9. ANITA BHATIA   I Like It. |Report Abuse|  Link|Jan 30, 2019 9:11:49 PMReply
Took them over one year to open my account. Even now Delivery slip and opening kit not sent to me

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
8. Shweta D Lonare   I Like It. |Report Abuse|  Link|Jan 30, 2019 5:45:08 PMReply
I want to closed my demat account
7. Yoginiben a patel   I Like It. |Report Abuse|  Link|Jan 2, 2018 3:39:09 PMReply
I want , closing my demat account of bonnanza ,
7.1. pawan kmar jain   I Like It. |Report Abuse|  Link|Jan 2, 2019 11:19:11 AM
I want to closes my de mat account with you under code no Z06837
6. SHAKTI   I Like It. |Report Abuse|  Link|Sep 25, 2018 12:13:18 PMReply
VERY GOOD EXPERIENCE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
5. Moti Singh   I Like It. |Report Abuse|  Link|Jan 14, 2017 6:05:22 AMReply
Brokerage is not charged as shown on net. They are Changing 5paisa per rs 100 and show 1paisa online

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Above Average
Overall Experience - Below Average
5.1. Anindya ghosh   I Like It. |Report Abuse|  Link|Dec 22, 2017 10:41:58 PM
What is the do outgoing charges sir?
4. Dheerendra   I Like It. |Report Abuse|  Link|Dec 14, 2017 10:21:43 PMReply
Good

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
3. venkatesh   I Like It. |Report Abuse|  Link|Nov 26, 2017 10:26:48 AMReply
GOOD STOCK RECOMMENDATION. POOR TRADING PLATFORM. POOR CUSTOMER SERVICE. TECHNOLOGY VERY VERY POOR.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Average
Overall Experience - Average
2. ramesh i patel   I Like It. |Report Abuse|  Link|Aug 17, 2017 7:21:15 PMReply
I WILL NEW MEMBER

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
1. Pooja Jain   I Like It. |Report Abuse|  Link|Jun 24, 2016 9:49:44 PMReply
I am with Bonanza for more than year. The best thing about them is they offer flat fee brokerage which is generally do not provided by full service broker. Their customer service is not great.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average

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