Bonanza Stock Trading, Demat, Brokerage and Reviews 2020


8.75% 39,342 Clients

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.

Bonanza Special Offers

AMC are waived off for the 1st year


Bonanza Charges 2020

Account Opening Fees for Bonanza:

  • Trading Account Opening Charges (One Time): ₹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: ₹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 Charges₹5/Crore₹5/Crore
Stamp Duty0.01% subject to a maximum of ₹50 - Varies by State 0.01% subject to a maximum of ₹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 Charges₹5/Crore₹5/Crore
Stamp Duty0.01% subject to a maximum of ₹50 - Varies by State0.01% subject to a maximum of ₹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 Charges₹5/Crore₹5/Crore
Stamp Duty0.01% subject to a maximum of ₹50 - Varies by State0.01% subject to a maximum of ₹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 Charges₹5/Crore
Stamp Duty (Maharashtra)0.01% subject to a maximum of ₹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 ₹5 per Crore.
  • Transaction Charges: This is charged at ₹325/crore for Equity, ₹190/crore for Futures, ₹5618/crore on premium for options.

Bonanza Depository Service Charges (NSDL & CDSL)

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening ₹200
Annual Maintenance Charges - Paper Statement ₹286 per anum
Annual Maintenance Charges - Email Statement Nil
Buy - Market and Off-Market Nil
Sell - Market and Off-Market - Internet Trading ₹15
Sell - Market and Off-Market - Call Center ₹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 ₹3
Rematerialisation ₹15 per 100 securities or part thereof or ₹15 per certificate.
Reconversion of MF units N/A
Closure of Account Nil
Pledge Creation / Closure / Confirmation/ Invocation ₹35
Additional Account Statements Nil
NSDL/CDSL Annual Maintenance Fee for Corporate Account ₹1000
NSDL/CDSL Sell - Market and Off-Market ₹5.50 per debit instruction

Useful Articles:

Visit Bonanza Brokerage Charges Review for more detail.


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.

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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 ₹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 Portfolio Ltd Enquiry Form

Bonanza Margin / Exposure

Bonanza leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity DeliveryUpto 10x + Interest
Equity IntradayUpto 10x
Equity FutureUpto 3x
Equity OptionsUpto 2x for shorting
Currency FutureUpto 2x
Currency OptionsUpto 2x for shorting
Commodity FutureUpto 3x
Commodity Options

Visit Bonanza Margin Review for more detail.


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 2020-21 39,342 7
NSE 2019-20 36,178 11
BSE 2019-20 16,262 2
NSE 2018-19 37,193 14
BSE 2018-19 16,157 3
NSE 2017-18 46,035 24
BSE 2017-18 25,430 10
NSE 2016-17 37,115 21
BSE 2016-17 20,512 7
NSE 2015-16 33,606 34

* 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.


12 Comments

ZARAN SHAH
12. ZARAN SHAH  Mar 5, 2020 14:26 I Like It. | I Don't Like It. | Report Abuse Reply
SUPERLIKE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Mayank gupta
11. Mayank gupta  Dec 12, 2019 01:33 I Like It. | I Don't Like It. | Report Abuse Reply
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
Raju
10. Raju  Aug 9, 2019 16:21 I Like It. | I Don't Like It. | Report Abuse Reply
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
ANITA BHATIA
9. ANITA BHATIA  Jan 30, 2019 20:11 I Like It. | I Don't Like It. | Report Abuse Reply
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
Shweta D Lonare
8. Shweta D Lonare  Jan 30, 2019 16:45 I Like It. | I Don't Like It. | Report Abuse Reply
I want to closed my demat account
Yoginiben a patel
7. Yoginiben a patel  Jan 2, 2018 14:39 I Like It. | I Don't Like It. | Report Abuse Reply
I want , closing my demat account of bonnanza ,
pawan kmar jain
7.1. pawan kmar jain  Jan 2, 2019 10:19 I Like It. | I Don't Like It. | Report Abuse
I want to closes my de mat account with you under code no Z06837
SHAKTI
6. SHAKTI  Sep 25, 2018 11:13 I Like It. | I Don't Like It. | Report Abuse Reply
VERY GOOD EXPERIENCE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Moti Singh
5. Moti Singh  Jan 14, 2017 05:05 I Like It. | I Don't Like It. | Report Abuse Reply
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
Anindya ghosh
5.1. Anindya ghosh  Dec 22, 2017 21:41 I Like It. | I Don't Like It. | Report Abuse
What is the do outgoing charges sir?
Dheerendra
4. Dheerendra  Dec 14, 2017 21:21 I Like It. | I Don't Like It. | Report Abuse Reply
Good

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
venkatesh
3. venkatesh  Nov 26, 2017 09:26 I Like It. | I Don't Like It. | Report Abuse Reply
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
ramesh i patel
2. ramesh i patel  Aug 17, 2017 18:21 I Like It. | I Don't Like It. | Report Abuse Reply
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
Pooja Jain
1. Pooja Jain  Jun 24, 2016 20:49 I Like It. | I Don't Like It. | Report Abuse Reply
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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