Bonanza Online was founded in 1994 and it is one of the oldest Indian share brokers. Bonanza Online portfolio ltd is a registered member of all exchanges like NSE, BSE, MCX, ICEX & USE. It is registered as a depository participant with an NSDL/CDSL.
Bonanza Online is a full-service broker and offers research & Tips, Training & Education, 3 in 1 account, Relationship managers to its customers. They have a huge network of Branches & franchise in all across India.
Customer care support provided by bonanza is very good and they offer a product like Currency Derivatives, Mutual Fund, IPO, Insurance, Fixed Deposit, PMS, Equity & Derivatives, Institutional Broking, Depository, E-broking.
Key Features:
- Multiple investment options with a single window.
- High-quality research and advisory.
- Trading software is fast and easy to operate.
- Branches are avaialble in majors cities.
| Website | www.bonanzaOnline.com |
| Demat Account | NSDL/CDSL. |
| Trading Exchanges | NSE,BSE,MCX-SX,MCX,NCDEX. |
| Broker Type | Full-Service Broker. |
Bonanza Online Account opening fees.
| Trading Account. | NA. |
| Demat account. | Rs 950. |
| Commodity Account. | Rs 150. |
| Trading Annual maintenance charges (AMC). | Rs.o. |
Bonanza Online Brokerage Charges.
Bonanza online offers 5 different brokerage plans. All 5 plans are based on upfront subscription cost. Each brokerage plan reduces your brokerage charges. Available plans are Default plan, Plan 1000, Plan 3000, Plan 7500, Plan 27000.
Default Plan:
This plan will automatically activate after opening an account. No need to pay any subscription charges but brokerage is a little bit higher as compared to other plans.
| SEGMENT. | BROKERAGE. |
| Equity (Intraday). | 0.01% for Intraday. |
| Equity (Delivery). | 0.10% of Delivery. |
| Equity Futures. | 0.01% of Turnover. |
| Equity Options. | Rs.20 per lot |
| Currency Futures. | 0.005% of Turnover. |
| Currency Options. | Rs. 7 Per lot. |
| Commodity. | 0.06% of Turnover. |
| Commodity Delivery. | 0.04% of Turnover. |
Plan 1000:
Subscription charges of Rs.1000 to activate this plan. The customer can some brokerage charges by using this plan. Useful for those trades having small trading volume.
| SEGMENT. | BROKERAGE. |
| Equity (Intraday). | 0.005% for Intraday. |
| Equity (Delivery). | 0.01% of Delivery. |
| Equity Futures. | 0.005% of Turnover. |
| Equity Options. | Rs.15 per lot |
| Currency Futures. | 0.0025% of Turnover. |
| Currency Options. | Rs. 5 Per lot. |
| Commodity. | 0.004% of Turnover. |
| Commodity Delivery. | 0.025% of Turnover. |
Plan 3000:
Pay upfront Rs.3000 for a subscription charge. This plan offers low brokerage charges as compared to plan 1000.
| SEGMENT. | BROKERAGE. |
| Equity (Intraday). | 0.00375% for Intraday. |
| Equity (Delivery). | 0.03% of Delivery. |
| Equity Futures. | 0.00375% of Turnover. |
| Equity Options. | Rs.12 per lot |
| Currency Futures. | 0.002% of Turnover. |
| Currency Options. | Rs. 5 Per lot. |
| Commodity. | 0.0025% of Turnover. |
| Commodity Delivery. | 0.02% of Turnover. |
Plan 7500:
Subscription charges of Rs. 7500 and offers you below brokerage charges for all segments. Currency traders can reduce Rs.1 per lot as compare to plan 1000 & plan 3000.
| SEGMENT. | BROKERAGE. |
| Equity (Intraday). | 0.00312% for Intraday. |
| Equity (Delivery). | 0.025% of Delivery. |
| Equity Futures. | 0.00312% of Turnover. |
| Equity Options. | Rs.10 per lot |
| Currency Futures. | 0.0015% of Turnover. |
| Currency Options. | Rs. 4 Per lot. |
| Commodity. | 0.00208% of Turnover. |
| Commodity Delivery. | 0.0166% of Turnover. |
Plan 27000:
Pay Rs.27000 for subscription and get highest lowest brokerage plan of bonanza online. If your trading volume is high then this plan will save you lots of money.
| SEGMENT. | BROKERAGE. |
| Equity (Intraday). | 0.00281% for Intraday. |
| Equity (Delivery). | 0.0225% of Delivery. |
| Equity Futures. | 0.00281% of Turnover. |
| Equity Options. | Rs.9 per lot |
| Currency Futures. | 0.00135% of Turnover. |
| Currency Options. | Rs. 3.6 Per lot. |
| Commodity. | 0.00187% of Turnover. |
| Commodity Delivery. | 0.015% of Turnover. |
Margins or leverage.
| SEGMENT. | MARGINS. |
| Equity (Intraday). | Up to 10 times for intraday, Delivery@interest. |
| Equity (Delivery). | Up to 10 times for intraday, Delivery@interest. |
| Equity Futures. | Up to 3 times for intraday. |
| Equity Options. | No leverage for buying, up to 2 times for shorting. |
| Currency Futures. | No leverage for buying, up to 2 times for shorting. |
| Currency Options. | Up to 2 times for intraday. |
| Commodity. | Up to 3 times for intraday. |
Trading Platforms or Software.
Bonanza online provides all three version of trading portal for online trading. Desktop based, Web-based & mobile app android and IOS users.
| Trading Platform or Software. | ODIN Diet. |
| Web-based. | ODIN Diet. |
| Mobile Application. | Yes. |
Desktop Based Trading Platform: Odin Diet is the trading portal for the desktop. High edge-cutting technology. Highly recommended for active traders.
- Multiple exchanges Real-time market data.
- Both Single & Multi-leg Order Entry.
- Unlimited Portfolios & Bulk Order Entry.
- Intraday charts with so many technical indicators.
Web-Based Trading Portal: Browser-based trading platform and it is operating in all browsers like google chrome, internet explorer. firefox etc.
Mobile Applications: Bonanza Wave is the official mobile app of bonanza online. Available in both Andriod and IOS version. Available in google play store. Wave received ave 3.8-star rating from more than 100 reviews.
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Some Useful Services.
| Online Trade Reports. | YES. |
| Online PNL Reports. | YES. |
| Intraday Chart Facility. | 5 Days on ODIN. |
| End of Day Chart Facility. | 5 Years on ODIN. |
| 3 in 1 Account. | NO. |
| Instant Fund withdrawal. | NO. |
| Relationship Managers. | YES. |
Useful Details.
| Price (Broker Type). | Percentage-Based. |
| Headquarters City (Head Office). | New Delhi. |
| Total Branches (Presence). | 1700 + bank branches. |
| Research & Tips. | Yes, Research Provided. |
| Total Experience in Broking. | 21 Years of experience. |
| Year of Incorporation. | 1994. |
Client Info & NRI Account opining Regulations.
| Current Active Client Base? | More Than 5,00,000. |
| NRI Account Opening Allowed Or Not. | YES, It is Allowed. |
Fund Transfers Service.
| Number of banks linked to account. | 15+ |
| Mode of payment (Withdraw &Deposit). | ATOM gateway & no info for other details. |
| Fund Payin processing time. | Instant by Payment Gateway ATOM. |
| Fund Payout processed (Working Days). | 1 Day. |
Turnover & Other Charges.
| Equity (Cash & Delivery). | NSE: 0.00358% , BSE: 0.00358%. |
| Equity Futures. | NSE: 0.0021% , BSE: 0.0017%. |
| Equity Options. | NSE: 0.05515% , BSE: 0.02210% on premium. |
| Currency Futures. | NSE: 0.00133% , MCX-SX: 0.00127%. |
| Currency Options. | NSE: 0.04633% on premium. |
| Commodities. | 0.003%. |
| Dial & Trade charges. | Rs.0. |
| DP Transaction charge. | Only Rs 25 / Per Debit Transaction. |
Support & Tools Available.
| Brokerage calculator. | Not Available. |
| Margin Calculator. | Not Available. |
| Bracket orders & Trailing stoploss. | Not Available. |
| Cover order. | Not Available. |
| User guide & remote end support. | YES. |
Reports & Confirmation.
| Contract notes on Email. | Yes (Register Email ID). |
| Contract notes online. | Yes (Register Email ID). |
| Periodical statement on Email. | Yes (Register Email ID). |
| Trade confirmation on Email. | Yes (Register Email ID). |
| Trade confirmation on SMS. | Yes (Register Email ID). |
Additional Features.
| Charting (Intraday & EOD). | YES. |
| Coding or Backtesting (Algo Trading). | Not Available. |
| Referral program (Affiliate). | Not Available. |
| Training & Education. | Yes, Knowledge center. |
| Online trading community. | Not Available. |
Customer Care.
| Contact Details. | Registered Office. 4353/4C, Madan Mohan Street, Ansari Road, Daryaganj, New Delhi-110002. Tel No:- 91-11-23242022 to 26. Corporate Office. Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Behind The Hub, Goregaon (East), Mumbai – 400 063. Tel No:-+91-22-30863700. |
| Call. | Customer Care. Call Bonanza Online Portfolio Ltd on our toll-free. 1800220252, 022-39704040. |
| Email. | [email protected] |
| Complaints Or Grievances. | [email protected] |
Advantages and Disadvantages of Bonanza Online
Advantages:
- Multiple brokerage plan.
- Instant fund transfer from bank account to trading account.
- Online mutul fund.
- High-Performance online Trading Platforms.
Disadvantages:
- Average customer support.
- Bracket order, Trailing stoploss orders not available.
- Referral programm is not available.
Bonanza Online Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Bonanza Online.
| Summary | Ratings |
|---|---|
| Customer Experience | 4.5 / 5 |
| Trading Platform / Mobile APP | 4.9 / 5 |
| Services | 4.5 / 5 |
| Brokerage Charges | 5 / 5 |
| Fund Add / Withdrawal | 5 / 5 |
| Overall Rating | 4.5 / 5 |
| Star Rating | ★★★★★ |
| Review Counts | 1356 |
Sebi Registration.
| NSE CM: INB 230637836. |
| NSE F&O: INF 230637836. |
| NSE CDS: INE 230637836. |
| BSE CM: INB 011110237. |
| BSE F&O: INF 011110237. |
| MCX-SX: INE 260637836. |
| USE: INE 270637833. |
| NSE CM: INB 230637836. |
More Useful Article
please send me my demat holding statement up to 17.01.2017 under account no.12033500dpid02143160
I am not recd. my demat holding at my email address or mobile no link