IPO | BROKER REVIEW | INVESTING | ALGO TRADING | TECHNICAL ANALYSIS

Bonanza Review | Brokerage Charges, Account Opening

Bonanza Track Record Of Best Online Stock Broker In India

 
  • Life

    4.1

    Company Rating

  • Life

    560+

    Cities Covered

  • Life

    1.5 Lacs+

    Orders Per Day

  • Life

    9 Lacs Crore+

    Daily Turnover

  • Life

    2 Lacs+

    Our Client Base

  • Life

    3.9

    Mobile App Rating

  • Life

    4.1

    Company Rating

  • Life

    560+

    Cities Covered

  • Life

    1.5 Lacs+

    Orders Per Day

  • Life

    9 Lacs Crore+

    Daily Turnover

  • Life

    2 Lacs+

    Our Client Base

  • Life

    3.9

    Mobile App Rating

 
 
 
 

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Bonanza Review | Brokerage Charges, Account Opening

Bonanza is a very old and trustworthy broker. Incorporated on 1994 as a financial service provider and in a short span of time, Bonanza has emerged as one of the best full-service brokers of India. Bonanza provides the facility to invest in NSE, BSE, MCX, MSEI, NCDEX, NMCE and ICEX. It is popular for its low brokerage charges as Rs.18 per executed order for all the segments. Bonanza is the depositary participant of both CDSL and NSDL and provide the flexibility to their customers to choose any national exchanges. Bonanza offers demat and trading account services in its platform. Bonanza is well-known for its customer-centric approach as customer’s satisfaction is the top-most priority of the company. Bonanza offers financial services right from equity broking, advisory services, portfolio management services, mutual fund and IPO. The main objective of the Bonanza is to maximize the client’s profit and to be one of the most trusted and globally reputed platforms.
Bonanza has its presence in more than 560 cities with more than 1784 outlets spread across India. Bonanza is well-known for attractive leverage and exposure facility through which you can buy unaffordable shares. It offers free trading software such as Bonanza Netnetlite, Bonanza Mobile Wave and Bonanza Diet. Bonanza has been rewarded by BSE as ‘Major Volume Driver’ (2004-05, 2006-07, 2007-08).

Bonanza Account Opening Charges:

You don’t need to pay any amount to open a demat account on Bonanza.

Account

Charges

Trading Account Opening Charges

Rs.0

Trading Account AMC

Rs.0

Demat Account Opening Charges

Rs.0

Demat AMC

Rs.250 (1st Year Free)

 

Bonanza Brokerage:

While buying and selling of stocks, traders need to pay brokerage to the broker which can be variable from one broker to another.
• Futures – Equity / Currency / Commodity : Rs.18 per executed order.
• Options – Equity / Currency : Rs.18 per executed order.
• Delivery – Equity : Rs.18 per executed order.
• Intraday – Equity : Rs.18 per executed order.

REGULATORY & EXCHANGE RATESS

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

NSE - Rs. 3.25 per Lacs (0.00325%)
BSE - Rs. 2.75 per Lacs (0.00275%)
MCX-SX - Rs. 2.00 per Lacs (0.002%)

NSE - Rs. 3.25 per Lacs (0.00325%)
BSE - Rs. 2.75 per Lacs (0.00275%)
MCX-SX - Rs. 2.00 per Lacs (0.002%)

NSE - Rs. 1.90 per Lacs (0.0019%)
BSE - Rs. 0.50 per Lacs (0.0005%)
MCX-SX - Rs. 1.20 per Lacs (0.0012%)

NSE - Rs. 50/- per Lacs (0.05%) on Premium
BSE - Rs. 25/- per Lacs (0.025%) on Premium
MCX-SX - Rs. 25/- per Lacs (0.025%) on Premium

CM Charges

Nil

Nil

NSE - Rs.0.25 per Lacs (0.00025%)
BSE - Rs.0.25 per Lacs (0.00025%)

NSE - Rs.7.5 per Lacs (0.0075%) on Premium
BSE - Rs.7.5 per Lacs (0.0075%) on Premium

Service Tax

14% on Brokerage, Transaction & CM Charges

14% on Brokerage, Transaction & CM Charges

14% on Brokerage, Transaction & CM Charges

14% on Brokerage, Transaction & CM Charges

STT

Rs. 100 per Lacs (0.1%)

Rs. 25 per Lacs (0.025%) on Sell side

Rs. 10 per Lacs (0.01%) on Sell Side only

Rs. 17 per Lacs (0.017%) on Sell side premium

SEBI Charges

Rs. 0.20 per Lacs

Rs. 0.20 per Lacs

Rs. 0.20 per Lacs

Rs. 0.20 per Lacs

Stamp Duty

CLICK HERE TO VIEW


Currency Derivatives

CHARGES

FUTURES

OPTIONS

Transaction Charges

NSE - Rs. 1.10 per Lacs (0.0011%)
BSE - Rs. 0.04 per Lacs (0.00004%)
MCX-SX - Rs. 1.05 per Lacs (0.00105%)

NSE - Rs. 40 per Lacs (0.040%) on Premium Value
BSE - Rs. 0.04 per Lacs (0.00004%) on Premium
MCX-SX - Rs. 30/- per Lacs (0.030%) on Premium

CM Charges

NSE - Rs.0.25 per Lacs (0.00025%)
MCX-SX - Rs.0.25 per Lacs (0.00025%)

NSE - Rs.7.5 per Lacs (0.0075%) on Premium
MCX-SX - Rs.7.5 per Lacs (0.0075%) on Premium

Service Tax

14% on Brokerage, Transaction Charges & CM Charges

14% on Brokerage, Transaction Charges & CM Charges

STT

Nil

Nil

SEBI Charges

Rs. 0.20 per Lacs

Rs. 0.20 per Lacs

Stamp Duty

CLICK HERE TO VIEW

Commodities

CHARGES

FUTURES

Transaction Charges

MCX -Non Agri:- Rs. 2.10 per Lacs (0.0021%))
MCX -Agri:- Rs. 0.75 per Lacs (0.00075%)
NCDEX - A:- Rs. 3.5 per Lacs (0.0035%) NCDEX - B:- Rs. 1.25 per Lacs (0.00125%)

CM Charges

MCX:- Rs.0.25 per Lacs(0.00025%), NCDEX:- Rs.0.25 per Lacs (0.00025%)

Service Tax

14% on Brokerage & Transaction & CM Charges

STT

Rs. 10 per Lacs (0.01%) on Sell Side only (Excepted exempted Agri Commodities)

SEBI Charges

Rs. 0.20 per Lacs

Stamp Duty

CLICK HERE TO VIEW

 

Bonanza Advantages & Disadvantages:

Bonanza is enhancing their services day by day, let us focus on pros & cons of Bonanza.

Advantages:

• Full-secure platform.
• 100% paperless account opening facility.
• NRIs can trade in Indian share market through Bonanza.
• Free tips and advisory via SMS.
• Online IPO application facility.
• Real-time updates on IPO opening, closing, bidding and listing information.
• Flexibility for customers to choose NSDL or CDSL.
• Hassle-free and ultra-fast trading software.

Disadvantages:

• For call & trade, Bonanza charges @ flat Rs.25.
• Does not offer 3-in-1 account.
• Does not offer referral programme.




Frequently Asked Question

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.

Bonanza Reviews