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Finvasia Vs Bonanza Portfolio: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of Bonanza Portfolio ranges between Rs 18 flat brokerage. Finvasia is a Discount Broker where Bonanza Portfolio is a Full Service Broker. Finvasia is having overall higher rating compare to Bonanza Portfolio. Finvasia is rated 4 out of 5 where Bonanza Portfolio is rated only 3.5 out of 5. Number of active customer for Finvasia is 94,480 where number of active customer for Bonanza Portfolio is 51,989. Finvasia is serving more customer compare to Bonanza Portfolio.

Here we present side-by-side comparison of Finvasia vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs Bonanza Portfolio's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Finvasia vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs Bonanza Portfolio's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Finvasia vs Bonanza Portfolio on Service

  Finvasia Compare
Finvasia
Bonanza Portfolio Compare
Bonanza Portfolio
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 94,480 51,989
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia Open an account with Bonanza Portfolio full-service broking house to trade and invest across multiple asset classes at flat discount brokerage rates at Rs 18/order on the advanced trading platforms, and get trading tips, research, and PMS services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Finvasia vs Bonanza Portfolio on Trading & Demat Account Opening Charges

Comparison of Finvasia with Bonanza Portfolio on trading & demat account opening charges and AMC. Trading account opening charges - Finvasia offer Free account opening where Bonanza Portfolio charges Rs 999 for account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Finvasia with Bonanza Portfolio
Charges Finvasia Bonanza Portfolio
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes No
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About Brokerage Plans

Compare Finvasia vs Bonanza Portfolio on Plan Options

Plans are the most important feature you look when compare Finvasia with Bonanza Portfolio. This section compare on high level about type of plans offered by brokers. Multiple Plans - Bonanza Portfolio provides Multiple Plans where Finvasia doesn't offer. Monthly Plans - Bonanza Portfolio provides Monthly Plans where Finvasia doesn't offer

Compare Finvasia with Bonanza Portfolio on Plan Options
Plan Types Finvasia Bonanza Portfolio
Multiple Plans No Yes
Monthly Plans No Yes
Yearly Plans No Yes
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Finvasia vs Bonanza Portfolio on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Bonanza Portfolio Brokerage Plan detail - This is a flat brokerage plan of Rs 18 to be charged irrespective of the trade vale and/or Lot size

Brokerage Charges - Compare Finvasia with Bonanza Portfolio
Brokerage Charges Compare Finvasia Bonanza Portfolio
Plan Name Zero Brokerage Trading Plan My E Trade - Flat Rs 18 Brokerage Trading Plan
Equity Delivery Rs 0 Flat Fee Rs 18
Equity Intraday Rs 0 Flat Fee Rs 18
Equity Futures Rs 0 Flat Fee Rs 18
Equity Options Rs 0 Flat Fee Rs 18
Currency Futures Rs 0 Flat Fee Rs 18
Currency Options Rs 0 Flat Fee Rs 18
Commodity Trading Rs 0 Flat Fee Rs 18
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges Free NA
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Bonanza Portfolio
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Share Broker's Transaction Charges

Compare Finvasia vs Bonanza Portfolio on Transaction Charges

Compare Finvasia with Bonanza Portfolio on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with Bonanza Portfolio
Transaction Charges Compare Finvasia Bonanza Portfolio
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for bonanza-portfolio
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Account Features

Compare Finvasia vs Bonanza Portfolio on Account Features

Compare Finvasia with Bonanza Portfolio on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Finvasia offers Algo Trading where Bonanza Portfolio doesn't offers Algo Trading. Margin Funding - Bonanza Portfolio offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Finvasia with Bonanza Portfolio
Account Features Compare Finvasia Bonanza Portfolio
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs Bonanza Portfolio on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and Bonanza Portfolio. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia with Bonanza Portfolio
Trading Platform Compare Finvasia Bonanza Portfolio
Desktop Trading Platform OMNESYS NEST E-Trade(NestTrader)
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ Aero Web Trading Platform
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App SCALPERT Bonanza WAVE MyEtrade
Mobile Trading App Demo SCALPERT Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Bonanza WAVE MyEtrade Download
iPhone Mobile App (IOS) No No
iOS App Download Info Not Available iOS Bonanza WAVE MyEtrade Download
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Bonanza Portfolio
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Bonanza Portfolio
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Bonanza Portfolio
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for bonanza-portfolio

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Broker Ratings by Users

Compare Finvasia vs Bonanza Portfolio on User Rating

  Finvasia Bonanza Portfolio
  17 Customer Reviews    Rate Finvasia 3 Customer Reviews    Rate Bonanza Portfolio
Fees Ratings 4.3 4.7
Trading Brokerage Rating 4.6 4.7
Trading Platform Usability 4.0 5.0
Customer Service Ratings 3.5 4.3
Overall Ratings 4.2 4.7
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Bonanza Portfolio is Rated 4.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Finvasia vs Bonanza Portfolio on Investment Offerings

Compare Finvasia with Bonanza Portfolio on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Finvasia with Bonanza Portfolio
Investment Offerings Compare Finvasia Bonanza Portfolio
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs Bonanza Portfolio on Order Types

Order Type - Compare Finvasia with Bonanza Portfolio on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Finvasia provide Cover Orders (CO) where Bonanza Portfolio doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Finvasia provide Bracket Orders (BO) where Bonanza Portfolio doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Bonanza Portfolio offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with Bonanza Portfolio
Order Type Compare Finvasia Bonanza Portfolio
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Finvasia vs Bonanza Portfolio on Customer Service

Compare Finvasia with Bonanza Portfolio on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Finvasia with Bonanza Portfolio
Customer Service Compare Finvasia Bonanza Portfolio
24/7 Customer Service Finvasia vs Bonanza Portfolio - 24x7 customer support No No
Email Support Finvasia vs Bonanza Portfolio - Email Support Yes Yes
Onine Live Chat Finvasia vs Bonanza Portfolio - Onine Live Chat Yes Yes
Phone Support Finvasia vs Bonanza Portfolio - Phone Support Yes Yes
Toll Free Number Finvasia vs Bonanza Portfolio - Toll Free Number No No
Through Branches Finvasia vs Bonanza Portfolio - Through Branches No Yes
Customer Care Number Finvasia vs Bonanza Portfolio - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 022-68363775 | 022-68363739 | 022-68363708
Account Opening Process Finvasia vs Bonanza Portfolio - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Finvasia vs Bonanza Portfolio - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Bonanza Portfolio - Knowledge Center/Education https://finvasia.com/announcements https://www.bonanzaonline.com/blog/
Head Office Address Finvasia vs Bonanza Portfolio - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Info Not Available
Website Finvasia vs Bonanza Portfolio - Company Website https://www.finvasia.com/ https://www.bonanzaonline.com/
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Tips/Research/Reports Published

Compare Finvasia vs Bonanza Portfolio on Research Reports, Tips

Compare Finvasia with Bonanza Portfolio on research reports and tips provided by the broker.

Research Reports - Compare Finvasia with Bonanza Portfolio
  Finvasia Bonanza Portfolio
Research Mutual Funds Finvasia vs Bonanza Portfolio - Research Mutual Funds No No
Research Equity Reports Finvasia vs Bonanza Portfolio - Research Equity Reports No No
Research ETF Finvasia vs Bonanza Portfolio - Research ETF No No
Daily Market Report Finvasia vs Bonanza Portfolio - Daily Market Report No Yes
Free Tips Finvasia vs Bonanza Portfolio - Free Tips No Yes
Quarterly Result Analysis Finvasia vs Bonanza Portfolio - Quarterly Results No Yes
News Alerts Finvasia vs Bonanza Portfolio - No Yes
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Demat Account

Compare Finvasia vs Bonanza Portfolio on Demat Account

Compare Finvasia with Bonanza Portfolio on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for Bonanza Portfolio is ₹250 pa. Finvasia is a better choice in terms of Demat AMC compare to Bonanza Portfolio.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for Bonanza Portfolio is ₹12 per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Finvasia with Bonanza Portfolio
  Finvasia Bonanza Portfolio
DP Source CDSL CDSL
DP ID Finvasia vs Bonanza Portfolio - DP ID 84300 No
Demat Account Annual Maintenance Charges(AMC) Free ₹250 pa
Advance Deposit Rs 0 NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹12 per transaction
Demat ₹15 per certificate ₹3 per certificate + ₹50 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 courier charges
Pledge Creation ₹25 per transaction 0.01% of transaction value (Min ₹100)
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction Nil
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction Nil
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Bonanza Portfolio on Special Offers and Promotion

Compare Finvasia with Bonanza Portfolio on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs Bonanza Portfolio on Special Offers and Promotion
  Finvasia Bonanza Portfolio
Pay In and Pay Out Options Finvasia vs Bonanza Portfolio - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Info Not Available
Payout Time Finvasia vs Bonanza Portfolio - Payout Time Up to 24 hrs except for bank holidays. Info Not Available
Bank Supported and Charges Finvasia vs Bonanza Portfolio - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Info Not Available
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Info Not Available
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

  • 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.

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

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

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-09-05T02:25:49+00:00