Bonanza Portfolio Review 2019

Rated 3.5/5 by Top Share Brokers Team
Bonanza Portfolio Review

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Incorporated in 1994, Bonanza Portfolio Ltd. offers services to trade in equity, derivatives, commodity, currency derivative, distribution of Mutual Funds and IPO, Portfolio Management Services, Mutual Fund Investments, Health Insurance, Real Estate, Loans, Investment Banking, Wealth Management and Depository Services. The company is spread big and wide throughout the country with 1842 outlets across 674 cities in India. With Bonanza you can place orders in Equity, Equity Derivatives, Commodity, Currency, Mutual Funds and IPOs using their online trading platform. The broker provide its client with trading ideas, daily market strategy, monthly updates, investment ideas, daily derivative strategy, weekly newsletter etc. for equity trading. They also provide fundamental and technical research calls and tips on mobile. Bonanza has membership in NSE, BSE, MCX, MCX-SX, CDSL, NSDL, ICEX and USE etc.

The Broker received many awards in financial field like Top performer in Equity Segment 2012; India's no 1 valuable Financial Advisory and Stock Broking Company; 2nd in terms of offices in India 2012.

Bonanza facilitate its client with instant credit and transfer using integrated net banking with HDFC, ICICI, UTI Bank etc.

Daily SMS alerts and confirmation of trading activities is available on mobile phone. Customer care at Bonanza is taken care through E-mail and phone.

Review Summary

Bonanza finance is a full service broker entering into discount broking industry to meet growing challenge in the Indian stock market. The broker maintains a reputed position in share brokerage space with its dedicated research and advisory report, extensive training and guidance, e-access to all markets through single screen and advance charting features.


Benefits

  • Huge Network of business associates in India.
  • Valuable financial advisory and dedicated research reports.
  • Offers a whole gamut of product and services.
  • Strong marketing, technical and back office support.
  • Bonanza Touch Mobile App for mobile trading.

Considerations

Doesn't offer 3 in 1 account; no NRI support; Rs 25 Call and Trade charges.


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Bonanza Portfolio Investment Options Compare

Here we are comparing Bonanza Portfolio with its 5 close competitors on investment options.

Broker Bonanza Portfolio Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Bonanza Portfolio Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3.5/5

Bonanza Portfolio Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 250 PA

Bonanza Portfolio Brokerage

Bonanza offers three types of Brokerage Plan.

Percentage based brokerage or Default Brokerage Plan:The plan allows to trade in Equity Delivery at .1% per executed order. Equity Future and Intraday can be traded at .01% on the trade value and option trading can be done at 20 Rs per lot.

Flat brokerage plan of Rs 18 per executed order : This plan put Bonanza in discount Broker category. 18 Rs per trade falls in medium range amongst discount brokers.

Monthly plan : Bonanza also offers monthly plan @ Rs 3000 which helps you trade with less brokerage charged and is valid till the turnover/amount not finished. The brokerage charged in this plan is :

  • Equity Delivery @ .03%
  • Equity Future @ .00375%
  • Equity Intraday @ .00375%
  • Option trade @ Rs 12 per lot
  • They also have Rs 1000 monthly plan, Rs 7500 quaterly plan and Rs 27000 yearly plan. Call & trade facility is available at Rs 25 per executed order.

    Bonanza Trading and Demat Account Charges

  • Trading Account Opening Charges (One Time): Nil
  • Demat account Opening Charges (One Time): Nil
  • Trading Annual maintenance charges (AMC): Nil
  • Demat Account Annual Maintenance Charges (AMC): Rs 250
  • For complete brokerage charges and trading plans detail please visit Bonanza Portfolio Brokerage Charges.

    Bonanza Portfolio with closest competitors

    Here we are comparing Bonanza Portfolio with its 5 close competitors, who are currently market leader in brokerage industry.

    Broker Bonanza Portfolio Sharekhan 5paisa Zerodha SAMCO
    Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
    Brokerage Range Rs 18 0.1 to 0.5% Rs 10 Rs 20 Rs 20
    Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
    Equity Delivery Flat Fee Rs 18 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
    Equity Intraday Flat Fee Rs 18 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
    Equity Futures Flat Fee Rs 18 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
    Equity Options Flat Fee Rs 18 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
    Commodity Flat Fee Rs 18 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
    Currency Futures Flat Fee Rs 18 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
    Currency Options Flat Fee Rs 18 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
    Rating

    Please refer unique and accurate Bonanza Portfolio Brokerage Calculator


    Open Trading and Demat Account with Bonanza Portfolio

    • Email Support : [email protected]
    • Toll Free Number : 1800 266 6655
    • Head Office: 2/2 A, First Floor, Lakshmi Insurance Building, Asaf Ali Road, New Delhi-110002
    • Corporate Office: Bonanza House, Plot No. M-2,Cama Industrial Estate, Walbhat Road,Behind The Hub, Goregaon (East), Mumbai - 400 063.
    • NetNetLogin - http://124.153.89.253/netnetliteeq/
    • Back office Login: https://www.bonanzaonline.com/client-back-office

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    Bonanza Portfolio Trading Platform and Tools

    Trading Platforms Rated 3.5/5

      Bonanza offers trading through installable trading software, website based trading and mobile app, all available for free to its customers. Bonanza does not charge any software usage fee.

      Bonanza Netnetlite : This is the Web-based interface with real-time data streaming and flexibility to trade from any part of the world. It is safe, user-friendly integrated trading front-end for multiple exchanges.

      Bonanza ODIN Diet: This is the exe based interface that has to be loaded on your computer to allow instant updates, information, control and independence.

      The key features are:

    • Single screen trading terminal.
    • Intra-day, BTST, STBT as well as fundamental Research calls.
    • Advanced charting tools and indicators.
    • Facility to place any number of scripts in the single market watch.
    • Bonanza Touch: This is mobile trading app of Bonanza for android phone users.

      Bonanza providing demo trading as well as demo for back office application. Demo client login is available for free of cost with minimum documentation.

      For detail review of mobile app and download please visit Bonanza Portfolio Trading Platform Review.

    Bonanza Portfolio Trading Platform Compare

    Here we are comparing Bonanza Portfolio with its 5 close competitors on Trading Platform.

    Broker Bonanza Portfolio Sharekhan 5paisa Zerodha SAMCO
    Desktop Windows Yes Yes Yes Yes Yes
    Desktop Mac No No No No No
    Web Trading Yes Yes Yes Yes Yes
    Android Tablet App Yes Yes Yes Yes Yes
    Android Mobile App Yes Yes Yes Yes Yes
    iPhone App (iOS Mobile App) No Yes Yes Yes No
    iPad App No Yes Yes Yes No
    Mobile Site No Yes Yes Yes Yes

    Final thought about Bonanza Portfolio

    Rated 3.5/5 by 20 users

    Bonanza leads by example by providing everything under one roof and going with pace by introducing flat fee brokerage which is the need of the time now.

    While Bonanza may not have the cheapest trades, the broker provides an easy-to-use website, a high quality mobile experience, and excellent research that will satisfy both casual and active.

    If you like what you have read and want to start trading, leave your contact information with us and we will guide you.

    Last updated on 2019-12-06


    Compare 3 Brokers

    Compare Bonanza Portfolio

    Find out how Bonanza Portfolio stacks up against other brokers

    Bonanza Portfolio User Reviews

    avatar
    11. Harshita 12/9/2019 12:13:57 AM Reply
    my experience is quite good with my e trade.

    Ratings:

    Brokerage - Above Average
    Account Maintenance Fees - Above Average
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Above Average
    avatar
    10. Viru Solanki 11/25/2019 1:25:03 AM Reply
    The best part is they don''t charge AMC and have 2 discounted brokerage plan I chose for flat 18rs. The best part is the research call of the market to maximize my profit

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Above Average
    Overall Experience - Excellent
    avatar
    9. Vishal Dalal 11/21/2019 5:20:29 PM Reply
    Very Simple To Use Software

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Above Average
    Overall Experience - Excellent
    avatar
    8. Kumar Vijay Narayan Singh 12/13/2018 12:53:42 PM Reply
    I want to do online buy & sell. I have an a/c no DBP 430333. Please help me & guede.
    avatar
    7. Sonia Sharma 12/6/2018 2:25:26 AM Reply
    It gives more interest and beneficial for long run.

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    avatar
    6. MANAN vasenwala 11/8/2018 9:41:19 AM Reply
    Where is your office located in aligarh.
    avatar
    5. AnuradhaMarwaha 12/6/2017 11:09:19 AM Reply
    Great Broker



    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    avatar
    4. Davinder Marwaha 12/6/2017 10:34:54 AM Reply
    Best broker in north India.
    D K marwaha

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    avatar
    3. ashok 8/9/2017 4:47:02 PM Reply
    no online trading facilities for small trader, high monthly cdsl charges,poor service

    Ratings:

    Brokerage - Very Poor
    Account Maintenance Fees - Very Poor
    Website Usability - Very Poor
    Customer Service - Very Poor
    Overall Experience - Very Poor
    avatar
    2. ashok 8/9/2017 4:18:59 PM Reply
    Very poor service,hidden charges,monthly cdsl charges

    Ratings:

    Brokerage - Very Poor
    Account Maintenance Fees - Very Poor
    Website Usability - Very Poor
    Customer Service - Very Poor
    Overall Experience - Very Poor

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