Bonanza brokerage charges and review

Bonanza was established in the year 1994 and since then has become one of the well know name in the stock broker community Bonanza is the fastest growing financial service with 5 mega group companies under it. Bonanza is present all over the country with pan-India presence across more than 1784 outlets spread across 560 cities.

Bonanza provides all the financial service starting from Equity broking to advisory to Porfolio Management Service (PMS). They also provide Mutual fund investment and Insurance service to their clients.

Bonanza believes in being technologically advanced so that we can offer you – our tech-savvy customers – an integrated and innovative platform to trade online as well as offline. Besides, they also have one of the finest and most dedicated research teams with experts who have in-depth, unsurpassed knowledge of the market place. All this and more makes Bonanza the perfect place for you to take your first step in the direction of financial success.

Bonanza is affiliated (is member) with the best in the industry – right from the NSE, BSE MCX, MCX-SX to CDSL, NSDL, ICEX and USE etc.

Trading is offered through ODIEN DIET and Nest Plus & Pulse in all three systems web, CTCL (exe version) and Mobile.

Bonanza Mobile app  Bonanza Mobile app

Documents required for a/c opening are:

  • Identity Proof
  • Address Proof
  • 2 Passport size Photo
  • Cancelled cheque
  • Bank Account Statement – latest 6 months.

To open account with Bonanza, please provide your details by clicking on the button below.

Open account with Bonanza

In case you are having a account with some other broker and want to transfer you holding to Bonanza, you can easily do that by providing Client Master List (CML) to them.

The charges for account opening are is ZERO if you open account through us. After that there is a yearly maintenance charge of Rs 250 for the DEMAT account.

Below are the type of Brokerage Slab available :

Brokerage Plans
Segment Plan 1000 Plan 3000 Plan 7500 Plan 27000 Default
Intraday 0.01% 0.00% 0.00% 0.00% 0.01%
Futures 0.01% 0.00% 0.00% 0.00% 0.01%
Delivery 0.10% 0.03% 0.03% 0.02% 0.10%
Equity Options 15 per lot 12 per lot 10 per lot 9 per lot 20 per lot
Currency 0.00% 0.00% 0.00% 0.00% 0.01%
Currency Options 5 per lot 5 per lot 4 per lot 3.6 per lot 7 per lot
Commodities 0.00% 0.00% 0.00% 0.00% 0.01%
Commodities Delivery 0.03% 0.02% 0.02% 0.02% 0.04%

To explain how these plan work, if you purchase a prepaid monthly plan for say Rs 1000, then your brokerage are reduced to Rs 15 per lot for option and is case you purchase 7,500 plan, the brokerage for intraday and future would be reduced to 0 and delivery would be charged at 0.02%. The only thing to remember is if you have not used the full brokerage, it would lapse at the end of the month.

In case you don’t want to choose a specific plan, a default plan of .1% for delivery and .01% for intraday is charged.

Just to explain with the cost associated with buying a option with a default plan,

NIFTY 8000 CE – Price Rs. 18.

Lot Size: 75

Brokerage cost: Rs.20 per lot (according to default slab)

Service Tax: 2.9  (14.50% ON BROKERAGE)

STT: ONLY ON SALE SIDE (0.017%)

Turnover charges: 0.75843 (0.05618% on PREMIUM AMOUNT)

Stamp Duty: 0.027 (0.002% on PREMIUM AMOUNT)

Apart from this, they also provide call-n-trade services. There is a flat charge of Rs 25 if you use call and trade for trading. Apart from this they also provide chatting service to their customer.

They are also one of the few brokers who provide Demo trading platform with complete back office integration so you can learn to trade before putting in real money. They also provide online basic training course for stock trading. To open account with Bonanza, please provide your details by clicking on the button below.

Open account with Bonanza

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