Bonanza Consumer Complaints

 
 
 
 
 

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Bonanza Consumer Complaints

Bonanza is the prominent stockbroker of India, started its operation in 1994 as a financial service provider and very soon emerged as one of the best full-service brokers of India. Bonanza is famous for its low brokerage in various different segments as it charges brokerage @flat Rs.18 per executed trade for all the segment. It is a SEBI registered broker and facilitate you to invest in national exchanges; NSE, BSE, MCX, MSEI, NMCE, ICEX and NCDEX. Bonanza offers you to invest/trade in equity, derivative, currency, commodity, IPO and mutual funds. Bonanza has its headquarter in New Delhi and it has its presence in 560+ cities with more than 1784 outlets. Bonanza is popular for its leverage and margin facility which is available in almost every segment including intraday.
Bonanza offers trading software; Bonanza Netnetlite, Bonanza Mobile Wave and Bonanza Diet. With the help of trading software, you can book your order from any place across India and able to analyse the market precisely. As a depositary participant of NSDL and CDSL, Bonanza offers free demat and trading account opening services in its platform. Bonanza offers various financial services; equity broking, advisory services, portfolio management services, mutual fund and IPO. The main objective of the Bonanza is to provide world-class services in a affordable price.

Complaint against Bonanza:

Usually, different traders or investors with variable mindset across India faces many problems while trading related to fund, trading software, buy or sell order, demat/trading account, fund transfer, brokerage etc. Customers used to register those complaints in the BSE and NSE. Such complaints are serious grievances against Bonanza broker which the broker has failed to resolve. This complaint data is provided by BSE and NSE which shows the health and services of Bonanza.
This complaint report also provides the total no of active customers of Bonanza as well as it shows the growth of the broker year on year.

Bonanza Consumer Complaints

Financial Year

Exchange

Active Clients

Total Complaints

Percentage

2020-21

NSE

44,291

22

0.04%

2019-20

 

BSE

16,269

2

0.012%

NSE

36,191

13

0.035%

2018-19

 

BSE

16,167

3

0.018%

NSE

37,201

15

0.04%

2017-18

 

BSE

25,413

12

0.05%

NSE

46,078

25

0.054%

2016-17

 

BSE

20,523

8

0.03%

NSE

37,127

23

0.06%

2015-16

 

BSE

22,017

21

0.09%

NSE

33,618

35

0.10%

2014-15

 

BSE

19,287

23

0.11%

NSE

34,463

47

0.13%

2013-14

 

BSE

2,69,983

12

0.004%

NSE

30,456

25

0.08%

2012-13

 

BSE

2,59,303

23

0.01%

NSE

2,40,610

62

0.03%

2011-12

BSE

2,39,245

71

0.03%

NSE

2,29,738

115

0.05%

 

Bonanza complaint at NSE

Entity

2020-21

2019-20

2018-19

Defaulter

No

No

No

Number of active clients

44,291

36,191

37,201

Number of complaints received

22

13

15

Resolved through the exchange

20

10

14

Non-actionable

2

1

0

Advised/Opted for arbitration

0

0

0

Pending for redressal with exchange

0

2

1

%of complaints against active customers

0.04%

0.04%

0.04%

 

Bonanza Complaint at BSE

Entity

2019-20

2018-19

2017-18

Defaulter

No

No

No

Number of active clients

16,269

16,167

25413

Number of complaints received

2

3

12

Resolved through the exchange

2

3

12

Non-actionable

0

0

0

Advised/Opted for arbitration

0

0

0

Pending for redressal with exchange

0

0

0

%of complaints against active customers

0.01%

0.01%

0.05%

 

 


Frequently Asked Questions


Yes, Bonanza offers semi and fully Algo trading on its platform.
Bonanza is equipped with many unique features such as free demat & trading account opening, brokerage of flat Rs18 per executed order. handsome leverage facility in all segment, online & offline account opening facility method, trading software & tools and more than 1700+ branches are available across India.
It is totally free; you don’t need to pay single penny for opening of demat and trading account.
No, Bonanza does not charge any extra brokerage on canceling and modifying an order. Transparency is the key quality of Bonanza.
15 minutes before the market closes as both Bracket Orders (BO) and Cover Order (CO) are intraday orders.
NRML refers to when a trader wants to avail the leverage benefits in equity delivery whereas CNC (Cash and Carry) refers to when a trader can buy shares on the behalf of available funds in his/her account.
No, it is very much clear that securities received against investments under Foreign Direct Investment Scheme (FDI), Portfolio Investment Scheme (PIS) and Scheme for investment on non-repatriation basis need to be credited into separate demat account and also investment under PIS can be on repatriation and non-repatriation basis.
It is a very simple process; you need to visit the nearby branch or download the account opening form from the official website and send it to broker’s office along with required documents.
Yes, Bonanza offers call and trade facility @flat Rs 25 per order.
Yes, you can place After Market Order (AMO) on Bonanza.
No, Bonanza only offers 2-in-1 account on its platform.
Yes, Bonanza allow you to invest in any IPO.
Yes, any NRI around the world can invest in Indian Share market by using this platform.
NRI/PIO are allowed to open only one account with any designated bank (Preferred bank - Axis bank) in a prescribed format for PIS account. After that, bank can issue a PIS approval letter to the investor.
No, without any approval, NRI’s can sell any securities or debentures on the exchange.
No, Bonanza does not offer to invest in US stocks.

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