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:
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.
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