Bonanza Portfolio Review 2023

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Bonanza Portfolio Brokerage Plan, Fees and Charges

Thanks to the flat brokerage model at Bonanza that looks really competitive in line with other full-service brokers and discount brokers as well. The particular fixed pricing model charges a flat fee of Rs 18 per executed order from clients on equity intraday (MIS), equity delivery (CNC), equity derivatives, commodity derivatives, and currency derivative trading segments regardless of the trading volume.

Bonanza Portfolio Brokerage Plan 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	5paisa	Zerodha	Upstox	Paytm Money
Service Type	Full Service Broker	Discount Broker	Discount Broker	Discount Broker	Discount Broker
Brokerage Range	Rs 18 flat brokerage	Rs 20	Rs 20	Rs 20	Rs 15
Account Type	2 in 1	2 in 1	3 in 1	3 in 1	2 in 1
Equity Delivery	Flat Fee Rs 18	Flat Fee Rs 20	Free	2.5% or Rs 20 whichever is lower	2.5% or Rs 15 whichever is lower
Equity Intraday	Flat Fee Rs 18	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.05% or Rs 15 whichever is lower
Equity Futures	Flat Fee Rs 18	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.02% or Rs 15 whichever is lower
Equity Options	Flat Fee Rs 18	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 15 per order
Commodity	Flat Fee Rs 18	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Currency Futures	Flat Fee Rs 18	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	NA
Currency Options	Flat Fee Rs 18	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Rating

Type of Account offered by Bonanza Portfolio

Bonanza Portfolio facilitates e-trading services to both residents and NRI customers by providing a 2-in-1 account feature.

Bonanza Portfolio Trading & Demat Account

Bonanza is a DP with CDSL and NSDL to provide Demat along with trading account opening services to all residents in India. The broker is an active trading partner of exchanges including NSE, BSE, MCX, and NCDEX to offer online trading in stocks, derivatives, commodities, and currencies. It further offers mutual funds, fixed-income products like debts & bonds, and PMS to clients.

You are not just offered an online trading platform but also provided with comprehensive research offerings across all segments. The team of dedicated researchers provides trading ideas, tips, positional calls, technical calls, and mutual fund research. It further provides a Select Advantage investment product, a bucket of fundamentally strong quality stocks selected by experts following a bottom-up approach.

Does Bonanza offer a free Demat account? Yes, Bonanza Portfolio charges zero account opening fees, and also there are no maintenance charges on the Demat account.

Bonanza Portfolio NRI Trading Account

Bonanza Portfolio is a one-stop solution that caters to all investment requirements of NRI customers including the e-broking services in stocks listed on the BSE and NSE, investment in IPO, mutual funds, bonds, and portfolio management services.

Bonanza Portfolio NRI trading features;

• Invest in stocks, IPO, and mutual funds.
• Dedicated relationship managers.
• Dedicated NRI service desk.
• 24*7 Back office support.
• Equity research reports & advisory facility.
• Portfolio management services (PMS).

How to open Bonanza Portfolio Account online?

Complete eKYC digitally to open online trading and demat account with Bonaza, and start trading instantly within 24 hours.

Steps to open Bonanza Portfolio Demat & Trading Account Online;

1. Visit the official website or download the Bonanza app.
2. Tap on the “Open an Account” option.
3. Simply register with your mobile number, name, and e-mail id.
4. Verify your mobile number with OTP.
5. Upload scanned copies of required documents.
6. E-sign the account opening form with aadhaar-based OTP.
7. Post document verification, you will receive a mail to start the hassle-free trading journey at Bonanza! Login to the Bonanza Portfolio trading platforms using the login credentials (unique client code and password) provided in the email.

You can also choose to open an account offline by visiting any of the nearest branch or franchisee offices.

Bonanza Portfolio Mobile App and Trading Platforms

Bonanza Group offers MyEtrade an online trading platform to allow users to trade on technically advanced channels at the fastest speed. The broker has all types of platforms including a website, mobile trading app, and a desktop trading terminal to enable customers to trade online using all devices like Desktop, Mobiles & Tablets, and Laptop.

Bonanza Wave MyEtrade Mobile App

Trade anywhere anytime on BSE, NSE, and MCX using the Bonanza Wave Etrade mobile app. Easy access to market watch, multiple customizable watchlists, simplified order placement, tracking your order book, holdings, net positions, real-time funds view, etc. are the basic features available on the Wave mobile app. It is a free mobile trading app available on Android and iOS devices to trade in multiple segments.

Bonanza Portfolio Aero Web Trading Platform

Aero is Bonanza Portfolio’s web trading platform to trade across devices on any supported browser. The web platform has multiple features such as multiple exchange trading, smart screeners, analytical charting, live gain or loss report on portfolio holdings, research calls, and many more.

Bonaza MyEtrade Trading Terminal

MyEtrade is a free fully-functional installable trading terminal powered by Omnesys Nest Trader that facilitates fast order execution with real-time monitoring. Live stock market data, comprehensive market details, advanced intraday & historical charts with configurable intervals, FII & DII flows, Rollover analysis, option chain analytics, customer support, etc. are the prominent features available on the Bonanza Portfolio’s desktop trading software. Customers can download the terminal from the broker’s official website.

Bonanza Mutual Fund

Bonanza Online Mutual fund and MF-Bonaza App are the dedicated platforms for paperless investment in mutual funds. You can invest in your choice of the scheme across different fund houses, invest in top performers, and new fund offers (NFOs) and shortlist the best funds. Customers can start SIP or invest fixed lumpsum money in any mutual funds at their fingertips.

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

Bonanza Portfolio Trading Pros

• 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.

Bonanza Portfolio Trading Cons

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

Bonanza Portfolio Customer Care info

The full-service broking house has a number of communication channels including a customer care number, a helpline email, and a toll-free number. You can raise your query, doubts, or issues on any of the said mediums. Moreover, offline branch support is available at 1784 outlets in 560 cities across India and the UAE.

Bonanza also has a dedicated NRI service desk to provide assistance to NRI clients.

• Bonanza Portfolio Customer Care Phone Number: 022-68363775 | 022-68363739 | 022-68363708
• Bonanza Portfolio Customer Support Email: [email protected]
• Bonanza Portfolio Knowledge Center: https://www.bonanzaonline.com/blog/

Final thought about Bonanza Portfolio

With around 3 decades of experience, Bonanza Portfolio can be considered a trustworthy and reliable financial brokerage house based in Mumbai. All types of trading & investing products to Rs 18/order competitive pricing model, multiple platforms for trading, and trading tips, research & advisory make it a good full-service broker but it still lags far behind in terms of clientele base. The review suggests that the stockbroker must work on the quality of customer service to expand its customer base and thereby become a prominent name in the industry.

Bonanza Portfolio User Reviews