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Upstox Vs Bonanza Portfolio: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Upstox Max Rs 20 per trade while the brokerage of Bonanza Portfolio ranges between Rs 18 flat brokerage. Upstox is a Discount Broker where Bonanza Portfolio is a Full Service Broker. Upstox is having overall higher rating compare to Bonanza Portfolio. Upstox is rated 4.5 out of 5 where Bonanza Portfolio is rated only 3.5 out of 5. Number of active customer for Upstox is 38,64,087 where number of active customer for Bonanza Portfolio is 50,708. Upstox is serving more customer compare to Bonanza Portfolio.

Here we present side-by-side comparison of Upstox vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Upstox vs Bonanza Portfolio'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 Upstox vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Upstox vs Bonanza Portfolio'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 Upstox vs Bonanza Portfolio on Service

  Upstox Compare
Upstox
Bonanza Portfolio Compare
Bonanza Portfolio
Overall Rating Rated 4.5 stars Rated 3.5 stars
Brokerage Charges Rated 4.5 stars Rated 3.5 stars
Trading Platform Rated 4.5 stars Rated 3.5 stars
Investments Offering Rated 4 stars Rated 4 stars
Customer Service Rated 4.5 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 38,64,087 50,708
Broker Overview One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service. 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.
Broker Enquiry Request call back from Upstox Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Upstox with Bonanza Portfolio on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Promotion offer: Free for account opening where Bonanza Portfolio charges Rs 999 for account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Upstox with Bonanza Portfolio
Charges Upstox Bonanza Portfolio
Trading Account Opening Fees Promotion offer: Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes No
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About Brokerage Plans

Compare Upstox vs Bonanza Portfolio on Plan Options

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

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

Account Opening

  Upstox Zerodha
Account Opening Request
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Brokerage Charges

Compare Upstox vs Bonanza Portfolio on Brokerage Charges

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

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

Brokerage Charges - Compare Upstox with Bonanza Portfolio
Brokerage Charges Compare Upstox Bonanza Portfolio
Plan Name Max Rs 20 Per Order Trading Plan My E Trade - Flat Rs 18 Brokerage Trading Plan
Equity Delivery 2.5% or Rs 20 whichever is lower Flat Fee Rs 18
Equity Intraday 0.05% or Rs 20 whichever is lower Flat Fee Rs 18
Equity Futures 0.05% or Rs 20 whichever is lower Flat Fee Rs 18
Equity Options Flat Fee Rs 20 Flat Fee Rs 18
Currency Futures 0.05% or Rs 20 whichever is lower Flat Fee Rs 18
Currency Options Flat Fee Rs 20 Flat Fee Rs 18
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 18
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 20 Per Executable Order NA
Auto Square off Charges Rs 20 Per Executable Order NA
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Bonanza Portfolio
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Share Broker's Transaction Charges

Compare Upstox vs Bonanza Portfolio on Transaction Charges

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

Transaction Charges - Compare Upstox with Bonanza Portfolio
Transaction Charges Compare Upstox Bonanza Portfolio
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 190 Per Cr
Equity Options Rs 5500 Per Cr Rs 5000 Per Cr
Currency Futures Rs 150 Per Cr Rs 90 Per Cr
Currency Options Rs 6000 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for bonanza-portfolio
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Account Features

Compare Upstox vs Bonanza Portfolio on Account Features

Compare Upstox with Bonanza Portfolio on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Bonanza Portfolio offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where Bonanza Portfolio doesn't offers Algo Trading. Margin Funding - Bonanza Portfolio offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - Bonanza Portfolio offers NRI where Upstox doesn't offers NRI Trading.

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

Compare Upstox vs Bonanza Portfolio on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox and Bonanza Portfolio. 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 Upstox with Bonanza Portfolio
Trading Platform Compare Upstox Bonanza Portfolio
Desktop Trading Platform Upstox Pro E-Trade(NestTrader)
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ Aero Web Trading Platform
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Upstox Bonanza WAVE MyEtrade
Mobile Trading App Demo Upstox Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod Bonanza WAVE MyEtrade Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Upstox Download iOS Bonanza WAVE MyEtrade Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for Bonanza Portfolio
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Bonanza Portfolio
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for Bonanza Portfolio
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for bonanza-portfolio

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Broker Ratings by Users

Compare Upstox vs Bonanza Portfolio on User Rating

  Upstox Bonanza Portfolio
  12 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate Bonanza Portfolio
Fees Ratings 3.5 4.7
Trading Brokerage Rating 3.8 4.7
Trading Platform Usability 3.7 5.0
Customer Service Ratings 3.5 4.3
Overall Ratings Rated 3.7 stars Rated 4.7 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Bonanza Portfolio is Rated 4.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Upstox vs Bonanza Portfolio on Investment Offerings

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

Compare Upstox vs Bonanza Portfolio on Order Types

Order Type - Compare Upstox with Bonanza Portfolio 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) - Upstox provide Cover Orders (CO) where Bonanza Portfolio doesn't offer.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) - Upstox provide Bracket Orders (BO) where Bonanza Portfolio doesn't offer.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 Upstox doesn't support Good Till Cancelled (GTC) orders.

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

Compare Upstox vs Bonanza Portfolio on Customer Service

Compare Upstox with Bonanza Portfolio 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 Upstox with Bonanza Portfolio
Customer Service Compare Upstox Bonanza Portfolio
24/7 Customer Service Upstox vs Bonanza Portfolio - 24x7 customer support No No
Email Support Upstox vs Bonanza Portfolio - Email Support Yes Yes
Onine Live Chat Upstox vs Bonanza Portfolio - Onine Live Chat Yes Yes
Phone Support Upstox vs Bonanza Portfolio - Phone Support Yes Yes
Toll Free Number Upstox vs Bonanza Portfolio - Toll Free Number No No
Through Branches Upstox vs Bonanza Portfolio - Through Branches Yes Yes
Customer Care Number Upstox vs Bonanza Portfolio - Customer Care Number +91 22 6130 9999 022-68363775 | 022-68363739 | 022-68363708
Account Opening Process Upstox vs Bonanza Portfolio - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Upstox vs Bonanza Portfolio - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs Bonanza Portfolio - Knowledge Center/Education https://upstox.com/help-center/ https://www.bonanzaonline.com/blog/
Head Office Address Upstox vs Bonanza Portfolio - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Info Not Available
Website Upstox vs Bonanza Portfolio - Company Website https://upstox.com/ https://www.bonanzaonline.com/
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Tips/Research/Reports Published

Compare Upstox vs Bonanza Portfolio on Research Reports, Tips

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

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

Compare Upstox vs Bonanza Portfolio on Demat Account

Compare Upstox with Bonanza Portfolio 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 Bonanza Portfolio is ₹250 pa where for Upstox is ₹300 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 Upstox is ₹13 + ₹5.50 CDSL charges where for Bonanza Portfolio is ₹12 per transaction.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 Upstox with Bonanza Portfolio
  Upstox Bonanza Portfolio
DP Source CDSL CDSL
DP ID Upstox vs Bonanza Portfolio - DP ID 81800 No
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹250 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹12 per transaction
Demat ₹20 + ₹50 courier charges ₹3 per certificate + ₹50 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 courier charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.01% of transaction value (Min ₹100)
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) Nil
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Upstox vs Bonanza Portfolio on Special Offers and Promotion

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

Compare Upstox vs Bonanza Portfolio on Special Offers and Promotion
  Upstox Bonanza Portfolio
Pay In and Pay Out Options Upstox vs Bonanza Portfolio - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Upstox vs Bonanza Portfolio - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Upstox vs Bonanza Portfolio - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Info Not Available
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Info Not Available
Likes
  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

Detail Review...

  • 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...

Dislikes
  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

Detail Review...

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

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Upstox Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-01-16T04:23:11+00:00