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Bonanza Portfolio Vs MasterTrust: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Bonanza Portfolio ranges between Rs 18 flat brokerage while the brokerage of MasterTrust ranges between 0.01 to .1%. Both the brokers are Full Service brokers. Bonanza Portfolio is having overall higher rating compare to MasterTrust. Bonanza Portfolio is rated 3.5 out of 5 where MasterTrust is rated only 3 out of 5. Number of active customer for MasterTrust is 59,711 where number of active customer for Bonanza Portfolio is 53,588. MasterTrust is serving more customer compare to Bonanza Portfolio.

Here we present side-by-side comparison of Bonanza Portfolio vs MasterTrust share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Bonanza Portfolio vs MasterTrust's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Bonanza Portfolio vs MasterTrust share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Bonanza Portfolio vs MasterTrust's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Bonanza Portfolio vs MasterTrust on Service

  Bonanza Portfolio Compare
Bonanza Portfolio
MasterTrust Compare
MasterTrust
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 53,588 59,711
Broker Overview Open an account with Bonanza Portfolio full-service broking house to trade and invest across multiple asset classes at flat discount brokerage rates at Rs 18/order on the advanced trading platforms, and get trading tips, research, and PMS services. mastertrust offers online investors the wide variety of tools and services they need to succeed, and for investors seeking guidance, mastertrust's massive branch office network, which offers reliable and personable relationships, help the broker to ...Know more about MasterTrust
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Bonanza Portfolio vs MasterTrust on Trading & Demat Account Opening Charges

Comparison of Bonanza Portfolio with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - Bonanza Portfolio charges Rs 999 for account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - Bonanza Portfolio offer Free AMC for Demat account where MasterTrust charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Bonanza Portfolio with MasterTrust
Charges Bonanza Portfolio MasterTrust
Trading Account Opening Fees Rs 999 Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 300 PA
Provide DP Service No Yes
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About Brokerage Plans

Compare Bonanza Portfolio vs MasterTrust on Plan Options

Plans are the most important feature you look when compare Bonanza Portfolio with MasterTrust. This section compare on high level about type of plans offered by brokers. Multiple Plans - Bonanza Portfolio provide Multiple Plans where MasterTrust doesn't offer. Monthly Plans - Bonanza Portfolio provide Monthly Plans where MasterTrust doesn't offer

Compare Bonanza Portfolio with MasterTrust on Plan Options
Plan Types Bonanza Portfolio MasterTrust
Multiple Plans Yes No
Monthly Plans Yes No
Yearly Plans Yes No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Bonanza Portfolio vs MasterTrust on Brokerage Charges

Bonanza Portfolio Brokerage Plan detail - This is a flat brokerage plan of Rs 18 to be charged irrespective of the trade vale and/or Lot size

MasterTrust Brokerage Plan detail - This plan is very competitive with �other full brokers in industry where .01% for Equity intraday and future and .1% foe delivery.

Brokerage Charges - Compare Bonanza Portfolio with MasterTrust
Brokerage Charges Compare Bonanza Portfolio MasterTrust
Plan Name My E Trade - Flat Rs 18 Brokerage Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 18 0.1% or 10 paisa
Equity Intraday Flat Fee Rs 18 0.01% or 1 paisa
Equity Futures Flat Fee Rs 18 0.01% or 1 paisa
Equity Options Flat Fee Rs 18 Rs 10 Per Lot
Currency Futures Flat Fee Rs 18 0.01% or 1 paisa
Currency Options Flat Fee Rs 18 Rs 5 Per Lot
Commodity Trading Flat Fee Rs 18 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges NA NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for Bonanza Portfolio Brokerage Calculator for MasterTrust
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Share Broker's Transaction Charges

Compare Bonanza Portfolio vs MasterTrust on Transaction Charges

Compare Bonanza Portfolio with MasterTrust on transaction charges and PCM fee by segment.

Transaction Charges - Compare Bonanza Portfolio with MasterTrust
Transaction Charges Compare Bonanza Portfolio MasterTrust
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for bonanza-portfolio Complete Brokerage Plans for mastertrust
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Account Features

Compare Bonanza Portfolio vs MasterTrust on Account Features

Compare Bonanza Portfolio with MasterTrust on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - MasterTrust offers Algo Trading where Bonanza Portfolio doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Bonanza Portfolio with MasterTrust
Account Features Compare Bonanza Portfolio MasterTrust
3 in 1 Account No Bonanza Portfolio have 2-in-1 account. Only Demate and Trading account. No Bonanza Portfolio have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Bonanza Portfolio vs MasterTrust on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Bonanza Portfolio and MasterTrust. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Bonanza Portfolio with MasterTrust
Trading Platform Compare Bonanza Portfolio MasterTrust
Desktop Trading Platform E-Trade(NestTrader) OMNESYS NEST
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Aero Web Trading Platform http://direct.mastermarts.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App Bonanza WAVE MyEtrade mastermobile
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Bonanza WAVE MyEtrade Download Andriod mastermobile Download
iPhone Mobile App (IOS) No No
iOS App Download iOS Bonanza WAVE MyEtrade Download iOS mastermobile Download
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Info Not Available Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Bonanza Portfolio Equity Intraday and Delivery Brokerage Calculator for MasterTrust
Futures Brokerage Calculator Futures Brokerage Calculator for Bonanza Portfolio Futures Brokerage Calculator for MasterTrust
Options Brokerage Calculator Options Brokerage Calculator for Bonanza Portfolio Options Brokerage Calculator for MasterTrust
Detail Detail on Trading Platforms for bonanza-portfolio Detail on Trading Platforms for mastertrust

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Broker Ratings by Users

Compare Bonanza Portfolio vs MasterTrust on User Rating

  Bonanza Portfolio MasterTrust
  3 Customer Reviews    Rate Bonanza Portfolio 2 Customer Reviews    Rate MasterTrust
Fees Ratings 4.7 2.0
Trading Brokerage Rating 4.7 3.0
Trading Platform Usability 5.0 2.0
Customer Service Ratings 4.3 1.5
Overall Ratings 4.7 1.5
Broker Rating Bonanza Portfolio is Rated 4.7 / 5 based on 3 customer reviews MasterTrust is Rated 1.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Bonanza Portfolio vs MasterTrust on Investment Offerings

Compare Bonanza Portfolio with MasterTrust on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Bonanza Portfolio with MasterTrust
Investment Offerings Compare Bonanza Portfolio MasterTrust
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Mutual Funds and Insurance
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Order Types

Compare Bonanza Portfolio vs MasterTrust on Order Types

Order Type - Compare Bonanza Portfolio with MasterTrust on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Both broker don't have Cover Orders (CO).Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Bonanza Portfolio offers Good Till Cancelled (GTC) orders where MasterTrust doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Bonanza Portfolio with MasterTrust
Order Type Compare Bonanza Portfolio MasterTrust
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Bonanza Portfolio vs MasterTrust on Customer Service

Compare Bonanza Portfolio with MasterTrust on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Bonanza Portfolio with MasterTrust
Customer Service Compare Bonanza Portfolio MasterTrust
24/7 Customer Service Bonanza Portfolio vs MasterTrust - 24x7 customer support No No
Email Support Bonanza Portfolio vs MasterTrust - Email Support Yes Yes
Onine Live Chat Bonanza Portfolio vs MasterTrust - Onine Live Chat Yes Yes
Phone Support Bonanza Portfolio vs MasterTrust - Phone Support Yes Yes
Toll Free Number Bonanza Portfolio vs MasterTrust - Toll Free Number No Yes
Through Branches Bonanza Portfolio vs MasterTrust - Through Branches Yes Yes
Customer Care Number Bonanza Portfolio vs MasterTrust - Customer Care Number 022-68363775 | 022-68363739 | 022-68363708 Info Not Available
Account Opening Process Bonanza Portfolio vs MasterTrust - Account Opening Process Info Not Available Info Not Available
Customer Support Email Bonanza Portfolio vs MasterTrust - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Bonanza Portfolio vs MasterTrust - Knowledge Center/Education https://www.bonanzaonline.com/blog/ Info Not Available
Head Office Address Bonanza Portfolio vs MasterTrust - Head Office Address/Corporate Address Info Not Available Info Not Available
Website Bonanza Portfolio vs MasterTrust - Company Website https://www.bonanzaonline.com/ Info Not Available
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Tips/Research/Reports Published

Compare Bonanza Portfolio vs MasterTrust on Research Reports, Tips

Compare Bonanza Portfolio with MasterTrust on research reports and tips provided by the broker.

Research Reports - Compare Bonanza Portfolio with MasterTrust
  Bonanza Portfolio MasterTrust
Research Mutual Funds Bonanza Portfolio vs MasterTrust - Research Mutual Funds No Yes
Research Equity Reports Bonanza Portfolio vs MasterTrust - Research Equity Reports No Yes
Research ETF Bonanza Portfolio vs MasterTrust - Research ETF No Yes
Daily Market Report Bonanza Portfolio vs MasterTrust - Daily Market Report Yes Yes
Free Tips Bonanza Portfolio vs MasterTrust - Free Tips Yes Yes
Quarterly Result Analysis Bonanza Portfolio vs MasterTrust - Quarterly Results Yes Yes
News Alerts Bonanza Portfolio vs MasterTrust - Yes Yes
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Demat Account

Compare Bonanza Portfolio vs MasterTrust on Demat Account

Compare Bonanza Portfolio with MasterTrust on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for MasterTrust is ₹300 pa (Second Year Onwards) where for Bonanza Portfolio is ₹250 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Bonanza Portfolio is ₹12 per transaction where for MasterTrust is ₹50.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Bonanza Portfolio with MasterTrust
  Bonanza Portfolio MasterTrust
DP Source CDSL CDSL
DP ID Bonanza Portfolio vs MasterTrust - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹250 pa ₹300 pa (Second Year Onwards)
Advance Deposit NIL Rs. 2500/- for Scheme A Rs. 555/- for Scheme LF (For Individuals ony) for Lime time AMC Free. Rs. 800/- for scheme 800
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 per transaction ₹50
Demat ₹3 per certificate + ₹50 courier charges ₹3 per certificate + ₹20 per request
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.01% of transaction value (Min ₹100) ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹25
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹25
Failed Instruction Charges Nil ₹20
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Bonanza Portfolio vs MasterTrust on Special Offers and Promotion

Compare Bonanza Portfolio with MasterTrust on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Bonanza Portfolio vs MasterTrust on Special Offers and Promotion
  Bonanza Portfolio MasterTrust
Pay In and Pay Out Options Bonanza Portfolio vs MasterTrust - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time Bonanza Portfolio vs MasterTrust - Payout Time Info Not Available Info Not Available
Bank Supported and Charges Bonanza Portfolio vs MasterTrust - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • A complete spectrum of trading and investing products.
  • MyEtrade trading platform.
  • Competitive brokerage at Rs 18 per executed order.
  • Advanced intraday & historical charts.
  • Select Advantage, a bucket of quality stocks curated by the Bonanza research team.
  • Trading tips, positional calls, investment ideas, and mutual fund research.
  • Facilitates NRI trading.
  • Place after-market order (AMO).
  • Dedicated RMs and helpdesk.

Detail Review...

Detail Review...

Dislikes
  • Does not provide bracket order (BO) and cover order (CO) facility.
  • No 3-in-1 account opening facility.
  • No GTT order.

Detail Review...

Brokerage not displayed online, Not a 3 in 1 account, high transaction charges.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-08-21T04:19:51+00:00